DELAVAN ACTIVE SENIOR CORP III

EIN: 391943553 501(c)(3)

CHICAGO, IL

Total Revenue
$1,344,443
Total Expenses
$1,366,195
Total Assets
$2,541,639
Net Assets
$-4,007,249
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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
WI
Principal Officer
MICHAEL FIANDACA
Phone
3122369673
Tax Period
2023-07-01 to 2024-06-30

DELAVAN ACTIVE SENIOR CORP III, founded in 1998, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 599% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE HOUSING, ASSISTED CARE, COMMUNITY AND OTHER SERVICES TO ACTIVE SENIOR CITIZENS.

Program Service Accomplishments

Program 1
Expenses: $1,342,158 Revenue: $1,344,443

EXPENSES INCURRED TO PROVIDE HOUSING TO ACTIVE SENIORS FOR UPKEEP AND MAINTENANCE OF HOUSING UNITS AND RELATED COSTS.

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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 $203,285
Investment Income $0
Other Revenue $1,141,158
TOTAL REVENUE $1,344,443

Expense Breakdown

Grants Paid $0
Salaries & Benefits $68,629
Fundraising Expenses $0
Program Expenses $1,342,158
Other Expenses $1,297,566
TOTAL EXPENSES $1,366,195

Year-over-Year Comparison

2023 2022 Change
Revenue $1,344,443 $192,461 +6.0%
Expenses $1,366,195 $457,961 +2.0%
Net Income $-21,752 $-265,500 -0.9%
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
3
Independent Members
1
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
3
$60,000
Total Directors
3
$60,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICIA LUX TREASURER 10.00
Officer Director
$0 $0 $45,000
MR MICHAEL FIANDACA PRESIDENT 10.00
Officer Director
$0 $0 $15,000
JOHN FIANDACA SECRETARY 10.00
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
2025 No data No data No data No data
2024 $1,344,443 $1,366,195 $2,541,639 $-21,752
2023 $192,461 $457,961 $1,764,918 $-265,500
2022 $244,399 $494,372 $1,972,286 $-249,973
2021 $311,212 $454,132 $2,105,192 $-142,920
2020 $234,964 $482,723 $2,414,591 $-247,759
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