Charity Search / TURNSTONE DEVELOPMENT CORPORATION
Housing & Shelter (L20) 990 on File

TURNSTONE DEVELOPMENT CORPORATION

EIN: 36-3105849 · NORTHLAKE, IL 60164-2630 · United States · FY 2024 Data
3 out of 5 52 / 100 Based on 2+ years of filings
Financial strength (30%) 75/100
Reliability (20%) 55/100
Effectiveness (25%) 75/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Financial Overview — FY 2024
$3.0M
Total Revenue
$2.0M
Total Expenses
$26.6M
Net Assets
3
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 75.2%
Fundraising Efficiency N/A
Operating Reserve 156.01x
Liability-to-Asset 45.6%
Revenue Diversification 91.4%
Executive Compensation $460K
Compared with Peers
FY 2024
Compared with 2,572 similar organizations (United States, Housing & Shelter, $1M–$10M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
75.2% 87.2%
P10P90
Bottom quarter
Admin expense ratio
Management and general / total expenses · lower is better
24.8% 10.3%
P10P90
Bottom quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.0%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
156.0 mo 12.6 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
45.6% 39.0%
P10P90
Below median
Revenue concentration
Share of revenue from the largest source · lower is better
91.4% 89.9%
P10P90
Below median
Revenue growth
Year over year revenue growth
-37.7% 6.4%
P10P90
Expense growth
Year over year expense growth
28.1% 6.9%
P10P90
Surplus margin
Surplus as a share of revenue
30.8% 3.0%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $3.0M $2.0M $26.6M 75.2% 3
2023 $4.7M $1.6M $25.7M 57.9% 4
2022 $8.2M $1.6M $20.2M 92.1% 4
2021 $782K $1.4M N/A 4
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Organization Details
EIN
36-3105849
State
IL
City
NORTHLAKE
ZIP
60164-2630
Classification
L20
Category
Housing & Shelter
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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