MEMORIAL DRIVE COMMUNITY C/O EMBRACE LIVING COMMUNITIES

EIN: 452652514 501(c)(3) Housing & Shelter

OAK BROOK, IL

Total Revenue
$12,300
Total Expenses
$14,768
Total Assets
$207,000
Net Assets
$197,450
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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
2011
Legal Domicile
IL
Principal Officer
ANNE OLIVA
Phone
6305218701
Tax Period
2023-01-01 to 2023-12-31

MEMORIAL DRIVE COMMUNITY C/O EMBRACE LIVING COMMUNITIES, founded in 2011, is a micro nonprofit in the Housing & Shelter sector that reported $12K in total revenue in fiscal year 2023. Expenses of $15K exceeded revenue, resulting in a 20% operating deficit.

Mission

MEMORIAL DRIVE COMMUNITY WAS INCORPORATED AS A NON-FOR-PROFIT CORPORATION IN THE STATE OF ILLINOIS IN 2011. IT WAS FORMED TO ACQUIRE LAND AND CONSTRUCT BUILDINGS TO HOUSE LOW-INCOME ELDERLY AND HANDICAPPED PERSONS AS DEFINED BY THE NATIONAL HOUSING ACT OF 1959. OUR MISSION IS TO PROVIDE ACTIVELY AGING ADULTS AFFORDABLE WELCOMING HOMES IN COMMUNITIES THAT EMBRACE LIVING.

Program Service Accomplishments

Program 1
Expenses: $0

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 $0
Investment Income $0
Other Revenue $12,300
TOTAL REVENUE $12,300

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $14,768
TOTAL EXPENSES $14,768

Year-over-Year Comparison

2023 2022 Change
Revenue $12,300 $12,181 +0.0%
Expenses $14,768 $10,527 +0.4%
Net Income $-2,468 $1,654 -2.5%
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
2
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
$767,814
Total Directors
2
$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 $48,905 $406,530
ANNE M OLIVA EXC. VICE PRESIDENT & CFO 0.0
Officer
$0 $20,087 $229,577
JOHN DIEHL SENIOR ADVISOR 0.0
Highest
$0 $29,262 $163,749
JENNIFER TRUPPA DIRECTOR OF SOCIAL SERVICES 0.0
Highest
$0 $40,413 $155,204
DAWN ZENKNER CONTROLLER 0.2
Highest
$0 $40,055 $148,058
ED HAVLOVIC DIRECTOR OF PLANT OPERATIONS 0.0
Highest
$0 $27,920 $137,818
GARY ADAMS Director of Operations 0.2
Officer
$0 $27,575 $131,707
REV JESSE KNOX DIRECTOR 0.2
Director
$0 $0 $0
NATHAN BRIGGS DIRECTOR 0.2
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 $12,300 $14,768 $207,000 $-2,468
2022 $12,181 $10,527 $207,000 $1,654
2021 $11,110 $10,719 $207,000 $391
2020 $12,393 $11,520 $207,000 $873
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