Overview
What is First Active Seniors Corporation Ii?
First Active Seniors Corporation II is a nonprofit organization situated in Chicago, Illinois, specifically at 8 South Michigan Avenue STE 3100. Their primary purpose is to offer housing, assisted care, and various community services to senior citizens who are currently active. Their operations involve maintaining the housing units and covering related costs. Essentially, they aim to provide a supportive living environment and essential services to contribute positively to the well-being of senior citizens.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64%, earning it a Two-Star out of Four Star rating.
First Active Seniors Corporation II has a mixed performance based on its accountability and finance metrics. While the organization achieves a strong program expense ratio of 86.07%, indicating that a significant portion of its expenses goes towards its programs, it struggles in areas such as board independence and financial transparency. The lack of independent board members (0%) raises concerns about governance, and the absence of a website listed on its tax form and missing tax form on its website negatively impacts its accountability score.
The organization has strengths in its policy framework, with listed conflict of interest, whistleblower, and document retention policies, which contribute positively to its accountability profile. However, the high liabilities to assets ratio of 371.43% signifies financial risk, which is a significant limitation. Overall, while First Active Seniors Corporation II demonstrates commitment to its programmatic goals, it faces challenges in governance and financial management that could impact stakeholder confidence and long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is First Active Seniors Corporation Ii legitimate?
First Active Seniors Corporation Ii is a legitimate nonprofit organization registered as a 501(c)(3) entity. First Active Seniors Corporation Ii submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $148,589
For more financial information, click here
What is the mission statement of First Active Seniors Corporation Ii?
First Active Seniors Corporation II is committed to providing housing, assisted care, community services, and other essential support to active senior citizens. Their mission encompasses offering a comprehensive range of services aimed at enhancing the quality of life for these seniors. The organization incurs expenses for maintaining housing units, ensuring their upkeep, and covering related costs. This dedication to senior citizens extends beyond just housing, encompassing various community services and assistance to ensure their well-being.
Who is the CEO of First Active Seniors Corporation Ii?
Michael Fiandaca is the Treasurer of First Active Seniors Corporation Ii.
What is the revenue of First Active Seniors Corporation Ii?
First Active Seniors Corporation Ii's revenue in 2023 was $802,968.
Who are the executives of First Active Seniors Corporation Ii and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $44,145
- Other: $0
- Compensation: $0
- Related: $43,279
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for First Active Seniors Corporation Ii?
First Active Seniors Corporation Ii's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of First Active Seniors Corporation Ii
First Active Seniors Corporation II is committed to providing housing, assisted care, community, and various other services to active senior citizens. This organization's mission is centered around ensuring the well-being and comfort of senior citizens, offering them a supportive environment where they can thrive. The corporation incurs expenses to maintain the housing units, ensuring that the living spaces of the senior citizens are well-kept and in good condition.
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Impact
July, 2024
First Active Seniors Corporation II has a significant impact on the active senior citizen community in Chicago, Illinois by providing essential housing, assisted care, and community services. Their mission to support this demographic ensures that they have access to dignified living arrangements and necessary assistance. By offering these services, First Active Seniors Corporation II contributes to the well-being and quality of life for active senior citizens, fulfilling a crucial need within the community.
This information is meant to be a general summary of First Active Seniors Corporation Ii. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $5,264
- Program Service Revenue: $797,704
- Gross Receipts: $802,968
Assets and Liabilities:
- Total Assets: $4,222,790
- Total Liabilities: $15,684,891
- Net Assets: -$11,462,101
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BASIC SERVICE FEES
Revenue
$610,464
RESALE PROCEEDS
Revenue
$151,500
LEASE REVENUES
Revenue
$31,140
OTHER SERVICE FEES
Revenue
$4,600
Organization Details
Founding Year
1996
Phone
(312) 236-9673Principal Officer
Michael Fiandaca
Main Address
8 SOUTH MICHIGAN AVENUE STE 3100, CHICAGO, IL, 606033267
NTEE Category
Code: P81 - Human services
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