CDA MIDWAY PLAISANCE ASSOCIATION

EIN: 363876937 501(c)(3) Housing & Shelter

CHICAGO, IL

Total Revenue
$490,457
Total Expenses
$1,054,407
Total Assets
$2,750,197
Net Assets
$-3,930,866
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
IL
Principal Officer
C OLIVER
Phone
6307896709
Tax Period
2023-01-01 to 2023-12-31

CDA MIDWAY PLAISANCE ASSOCIATION, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $490K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 115% operating deficit.

Mission

AFFORDABLE HOUSING- THE ORGANIZATION WAS FORMED TO DEVELOP, OWN AND OPERATE AN AFFORDABLE HOUSING PROJECT FOR VERY LOW INCOME HOUSEHOLDS AGED 62 OR OLDER.

Program Service Accomplishments

Program 1
Expenses: $948,213 Revenue: $490,457

CDA MIDWAY PLAISANCE ASSOCIATION PROVIDES AFFORDABLE HOUSING FOR LOW INCOME ELDERLY IN A 52 UNIT APARTMENT BUILDING IN CHICAGO, IL. PROGRAM EXPENSES INCLUDE ALL RENTAL AND OPERATIONAL EXPENSE FOR...

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CDA MIDWAY PLAISANCE ASSOCIATION PROVIDES AFFORDABLE HOUSING FOR LOW INCOME ELDERLY IN A 52 UNIT APARTMENT BUILDING IN CHICAGO, IL. PROGRAM EXPENSES INCLUDE ALL RENTAL AND OPERATIONAL EXPENSE FOR EXEMPT PURPOSE. THE APARTMENT PROJECT IS REGULATED BY HUD AND IS SUBJECT TO A SECTION 202 CAPITAL ADVANCE GRANT.

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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 $489,303
Investment Income $1,154
Other Revenue $0
TOTAL REVENUE $490,457

Expense Breakdown

Grants Paid $0
Salaries & Benefits $209,863
Fundraising Expenses $0
Program Expenses $948,213
Other Expenses $844,544
TOTAL EXPENSES $1,054,407

Year-over-Year Comparison

2023 2022 Change
Revenue $490,457 $541,279 -0.1%
Expenses $1,054,407 $963,796 +0.1%
Net Income $-563,950 $-422,517 +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

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
9
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
3
$377,396
Total Directors
3
$377,396
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REV STANLEY L DAVIS JR CHAIRMAN-DIRECTOR 1.00
Officer Director
$0 $0 $0
CHRISTINE MJ OLIVER PRESIDENT-DIRECTOR 5.00
Officer Director
$0 $0 $377,396
REV DAVID C COLEMAN JR DIRECTOR 1.00
Officer Director
$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 $490,457 $1,054,407 $2,750,197 $-563,950
2022 $541,279 $963,796 $2,409,608 $-422,517
2021 $535,554 $889,740 $2,090,957 $-354,186
2020 $641,520 $915,851 $1,863,181 $-274,331
2019 $646,349 $963,181 $1,939,382 $-316,832
2018 $671,154 $801,453 $2,022,950 $-130,299
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