DE SALES ASSISTED LIVING DEVELOPME… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

NICOLE ATANASIO

Phone

2125346464

Tax Period

2023-01-01 to 2023-12-31

DE SALES ASSISTED LIVING DEVELOPMENT COR, founded in 1998, is a community nonprofit in the Housing & Shelter sector that reported $1.8M in total revenue in fiscal year 2023. The organization ran a surplus of $366K, a strong 21% operating margin.

Mission

THE CORPORATION CONSTRUCTED A 14-STORY RESIDENTIAL BUILDING WHICH IS USED AS AN ASSISTED LIVING PROJECT. THE APARTMENTS ARE RENTED TO SENIOR CITIZENS AT AN AFFORDABLE RENT. SERVICES ARE PROVIDED TO HELP THE TENANTS LIVE ON THEIR OWN, RATHER THAN IN NURSING HOMES.

Program Service Accomplishments

Program 1

Expenses: $1,298,382 Revenue: $1,713,650

THE CORPORATION OPERATED AND MAINTAINED PROPERTY OF THE ASSISTED LIVING PROJECT FOR SENIOR CITIZENS. THE EXPENSES WERE IN CONNECTION WITH THE OPERATION OF THE PROJECT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,713,650

Investment Income $59,937

Other Revenue $0

TOTAL REVENUE $1,773,587

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,298,382

Other Expenses $1,407,289

TOTAL EXPENSES $1,407,289

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,773,587	$1,724,100	+0.0%
Expenses	$1,407,289	$1,444,289	0.0%
Net Income	$366,298	$279,811	+0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$423,896

Total Directors

$230,856

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY LECHICH MD	DIRECTOR	1.00	Director	$0	$0	$0
GREG ERBER	DIRECTOR	1.00	Director	$0	$0	$0
JAMES D CAMERON	FINANCE COMMITTEE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN DIGILIO	DIRECTOR	1.00	Director	$0	$0	$0
LEONARD WALSH	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MICAHEL WEBB	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE F ATANASIO	PRESIDENT/CEO	5.00	Officer Director	$0	$15,073	$230,856
PATRICIA FRANCIS RN	DIRECTOR	1.00	Director	$0	$0	$0
RANDY CLEGHORNE	DIRECTOR	1.00	Director	$0	$0	$0
RHONDA FLEMMING	DIRECTOR	1.00	Director	$0	$0	$0
TINO RUTA	DIRECTOR	1.00	Director	$0	$0	$0
YVES J ADES	DIRECTOR	1.00	Director	$0	$0	$0
SALVATORE NICOSIA	VICE PRESIDENT OF FINANCE/	5.00	Officer	$0	$20,573	$193,040

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$1,773,587	$1,407,289	$5,890,610	$366,298
2022	$1,724,100	$1,444,289	$7,374,376	$279,811
2021	$1,725,442	$1,534,666	$8,408,728	$190,776
2020	$1,744,470	$1,608,767	$8,990,713	$135,703
2019	$1,755,541	$1,585,679	$9,595,948	$169,862
2018	$1,741,791	$1,612,137	$10,158,885	$129,654

DE SALES ASSISTED LIVING DEVELOPMENT COR