Civic Intelligence

First Active Seniors Corporation I

EIN 36-4095735 • 501(c)3 • Chicago, IL

Profile

To provide housing, assisted care, community and other services to active senior citizens

8 South Michigan Avenue Ste 3100Chicago, IL 60603

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

98th percentile

2.28x

Higher debt load relative to assets than 98% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

99th percentile

20.20x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

18th percentile

-14%

Higher net margin than 18% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

34th percentile

-1.2%

Faster asset growth than 34% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2025

Revenue Growth

55th percentile

10%

Faster revenue growth than 55% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2025

Assets

Down

$3,533,844

Down $31,197 (-0.9%) from 2024

Liabilities

Up

$8,057,671

Up $26,175 (+0.3%) from 2024

Net Assets

Down

-$4,523,827

Down $57,372 (-1.3%) from 2024

Revenue

Up

$398,866

Up $155,184 (+64%) from 2024

Expenses

Up

$456,238

Up $58,987 (+15%) from 2024

Net Income

Up

-$57,372

Up $96,197 (+63%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0-$5.0MAssets 2010: $3,779,741Liabilities 2010: $5,415,185Net Assets 2010: -$1,635,4442010Assets 2011: $3,696,194Liabilities 2011: $5,543,893Net Assets 2011: -$1,847,6992011Assets 2020: $3,909,124Liabilities 2020: $7,689,385Net Assets 2020: -$3,780,2612020Assets 2021: $3,731,634Liabilities 2021: $7,676,933Net Assets 2021: -$3,945,2992021Assets 2022: $3,688,877Liabilities 2022: $7,853,823Net Assets 2022: -$4,164,9462022Assets 2023: $3,618,265Liabilities 2023: $7,931,151Net Assets 2023: -$4,312,8862023Assets 2024: $3,565,041Liabilities 2024: $8,031,496Net Assets 2024: -$4,466,4552024Assets 2025: $3,533,844Liabilities 2025: $8,057,671Net Assets 2025: -$4,523,8272025

Highlighted filing

2025

Assets$3,533,844
Liabilities$8,057,671
Net Assets-$4,523,827

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200K-$400KExpenses 2010: $526,4322010Expenses 2011: $454,5442011Revenue 2020: $290,787Expenses 2020: $416,732Net Income 2020: -$125,9452020Revenue 2021: $402,495Expenses 2021: $567,533Net Income 2021: -$165,0382021Revenue 2022: $295,511Expenses 2022: $515,158Net Income 2022: -$219,6472022Revenue 2023: $329,387Expenses 2023: $477,327Net Income 2023: -$147,9402023Revenue 2024: $243,682Expenses 2024: $397,251Net Income 2024: -$153,5692024Revenue 2025: $398,866Expenses 2025: $456,238Net Income 2025: -$57,3722025

Highlighted filing

2025

Revenue$398,866
Expenses$456,238
Net Income-$57,372

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$398,866
Mission and Program Overview

Mission

To provide housing, assisted care, community and other services to active senior citizens

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,411,073$1,300,025▼ $111,048
Cash and Non-Interest-Bearing Accounts$165,591$212,991▲ $47,400
Other Notes and Loans Receivable, Net$0$62,473▲ $62,473
Savings and Temporary Cash Investments$8,598$2,052▼ $6,546
Total Assets$3,565,041$3,533,844▼ $31,197
Other Assets Total$1,979,779$1,956,303▼ $23,476
Liabilities
Other Liabilities$7,992,746$7,828,354▼ $164,392
Unsecured Notes Loans Payable$0$197,339▲ $197,339
Accounts Payable and Accrued Expenses$38,145$29,971▼ $8,174
Deferred Revenue$605$2,007▲ $1,402
Total Liabilities$8,031,496$8,057,671▲ $26,175
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-4,466,455$-4,523,827▼ $57,372
Total Net Assets Fund Balance$-4,466,455$-4,523,827▼ $57,372
Total Liabilities and Net Assets / Fund Balance$3,565,041$3,533,844▼ $31,197

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$802,049$3,639,871$4,441,920
Land$497,976-$497,976
Other Land Buildings$0$6,667$6,667
Other Assets Org$15,271--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mr Michael FiandacaPresidentPT$15,000$106,885$121,885

Board Members and Trustees

NameTitle
John FiandacaSecretary
Patricia LuxTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$283,351
Investment Income
$3,698
Other Revenue
$111,817
Change in Net Assets
$-57,372

Audited Revenue Reconciliation

Revenue per Audited Statements
$398,866
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$398,866
Total Revenue per Form 990
$398,866
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$395,677
Salaries, Compensation, and Employee Benefits$60,561
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$107,717$3,331-$111,048
Other Salaries and Wages$35,029$3,892-$38,921
Other Expenses$16,828$520-$17,348
Insurance$15,121--$15,121
Current Officers, Directors, Trustees, and Key Employees$13,500$1,500-$15,000
Fees for Services Management-$13,680-$13,680
Fees for Services Accounting-$10,735-$10,735
Fees for Services Legal-$9,290-$9,290
Office Expenses$8,208$912-$9,120
Payroll Taxes$5,976$664-$6,640
Interest-$5,209-$5,209
All Other Expenses$1,060--$1,060
Total Functional Expenses$396,748$59,490$0$456,238

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$456,238
Total Expenses per Audited Statements$456,238
Total Expenses per Form 990$456,238
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Base Occupancy Fee Payable$6,506,890
Due to Affiliates$1,321,464
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Return is circulated among management for review and comments before it is filed.

Form 990, Part VI, Section B, Line 12C

Annually it is discussed in a board meeting.

Form 990, Part VI, Section C, Line 19

Upon request it is available for inspection.

Filing and Contact Details

Filer

Filer Name
First Active Seniors Corporation I
EIN
36-4095735
Phone
3122369673
Address
8 SOUTH MICHIGAN AVENUE STE 3100, CHICAGO, IL 60603

Signing Officer

Name
Michael Fiandaca
Title
President
Phone
3122369673
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Fiandaca
Formed
1996
Legal Domicile
Wi
Voting Board Members
3
Independent Board Members
2
Employees
15
Volunteers
0

Preparer

Firm
Rubinbrown Llp
Address
225 W WACKER DRIVE, CHICAGO, IL 60606
Preparer
Nabila Riaz
Phone
3124251099
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0243682
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0329387
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0295511
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0402495
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01669941
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0802049
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03639871
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04441920
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0456238
IRS990ScheduleD/LandGrp/BookValueAmt0497976
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0497976
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01370483
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1570549
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt215271
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM AFFILIATES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM MANAGEMENT AGENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2NJL TRUST ACCT RECEIVABLE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06667
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt06667
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06506890
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11321464
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0BASE OCCUPANCY FEE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO AFFILIATES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0398866
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01300025
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01956303
IRS990ScheduleD/TotalExpensesPerForm990Amt0456238
IRS990ScheduleD/TotalLiabilityAmt07828354
IRS990ScheduleD/TotalRevenuePerForm990Amt0398866
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0398866
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0456238
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RETURN IS CIRCULATED AMONG MANAGEMENT FOR REVIEW AND COMMENTS BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUALLY IT IS DISCUSSED IN A BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST IT IS AVAILABLE FOR INSPECTION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd50
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd60
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd70
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd3N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd4N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd5N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd6N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd7N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0FIRST ACTIVE SENIORS CORPORATION II
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1FIRST ACTIVE SENIORS CORPORATION III
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2FIRST ACTIVE SENIORS CORPORATION IV
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3DELAVAN ACTIVE SENIORS CORP I
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4DELAVAN ACTIVE SENIORS CORP II
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5DELAVAN ACTIVE SENIORS CORP III
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt6DELAVAN ACTIVE SENIORS CORP IV
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt7ESSEX OF WAUNAKEE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0361865233
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1391865235
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2364097546
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN3391943549
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN4391943551
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN5391943553
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN6391943554
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN7463872376
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(1)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(1)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(1)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt3501(C)(1)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt4501(C)(1)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt5501(C)(1)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt6501(C)(1)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt7501(C)(1)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd3WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd4WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd5WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd6WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd7WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt3HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt4HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt5HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt6HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt7HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt2LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt3LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt4LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt5LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt6LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt7LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt08 SOUTH MICHIGAN AVE STE 3100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt18 SOUTH MICHIGAN AVE STE 3100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt28 SOUTH MICHIGAN AVE STE 3100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt38 SOUTH MICHIGAN AVE STE 3100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt48 SOUTH MICHIGAN AVE STE 3100

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