EMBRACE LIVING COMMUNITIES

EIN: 363487477 501(c)(3) Community Improvement

OAK BROOK, IL

Total Revenue
$-1,369,779
Total Expenses
$1,818,605
Total Assets
$2,651,463
Net Assets
$2,448,683
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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
1987
Legal Domicile
IL
Principal Officer
ANNE OLIVA
Phone
6305218701
Tax Period
2023-01-01 to 2023-12-31

EMBRACE LIVING COMMUNITIES, founded in 1987, is a micro nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 168% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE ACTIVELY AGING ADULTS AFFORDABLE WELCOMING HOMES IN COMMUNITIES THAT EMBRACE LIVING.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,834,559
Investment Income $-3,209,997
Other Revenue $5,659
TOTAL REVENUE $-1,369,779

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,455,775
Fundraising Expenses $0
Program Expenses $0
Other Expenses $362,830
TOTAL EXPENSES $1,818,605

Year-over-Year Comparison

2023 2022 Change
Revenue $-1,369,779 $2,007,057 -1.7%
Expenses $1,818,605 $1,653,933 +0.1%
Net Income $-3,188,384 $353,124 -10.0%
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

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Governance

Voting Members
7
Independent Members
6
Employees
N/A
Volunteers
N/A

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
4
$767,816
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RALPH GAINES INTERIM CHAIR, PRESIDENT & CEO 0.2
Officer
$0 $48,906 $406,531
ANNE M OLIVA EXECUTIVE VICE PRESIDENT & CFO 0.0
Officer
$0 $20,088 $229,578
JOHN DIEHL SENIOR ADVISOR 0.0
Highest
$0 $29,262 $163,749
JENNIFER TRUPPA DIRECTOR OF SOCIAL SERVICES 0.0
Highest
$0 $40,412 $155,203
DAWN ZENKNER CONTROLLER 0.2
Highest
$0 $40,055 $148,058
ED HAVLOVIC DIRECTOR OF PLANT OPERATIONS 0.0
Highest
$0 $27,919 $137,817
GARY ADAMS DIRECTOR OF OPERATIONS 0.2
Officer
$0 $27,575 $131,707
IRV WOODS DIRECTOR 0.2
Director
$0 $0 $0
KAREN LATIMER-HORSTHEAKE DIRECTOR 0.2
Director
$0 $0 $0
SCOTT MEYER CHAIRMAN 0.2
Director
$0 $0 $0
RUTH CARLSON DIRECTOR 0.2
Director
$0 $0 $0
ROBERT GAMRATH DIRECTOR 0.2
Director
$0 $0 $0
TONYA PITTS DIRECTOR 0.2
Director
$0 $0 $0
GREG WATSON VICE PRESIDENT OF OPERATIONS 0.0
Officer
$0 $0 $0
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 $-1,369,779 $1,818,605 $2,651,463 $-3,188,384
2022 $2,007,057 $1,653,933 $5,574,173 $353,124
2021 $1,916,839 $1,812,172 $5,421,224 $104,667
2020 $2,073,254 $1,950,130 $5,308,419 $123,124
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