Civic Intelligence

First Active Seniors Corporation IV

EIN 36-4097546 • 501(c)3 • Chicago, IL

Profile

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

8 S Michigan Ave Suite 3100Chicago, IL 60603

n/A

Siviq Scores

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

Liabilities / Assets

99th percentile

2.72x

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

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

Liabilities / Revenue

99th percentile

19.25x

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

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

Net Margin

7th percentile

-46%

Higher net margin than 7% 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

21st percentile

-5.7%

Faster asset growth than 21% of similar nonprofits.

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

Revenue Growth

50th percentile

6.9%

Faster revenue growth than 50% of similar nonprofits.

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

Assets

Down

$1,724,148

Down $65,339 (-3.7%) from 2024

Liabilities

Up

$4,685,975

Up $47,092 (+1.0%) from 2024

Net Assets

Down

-$2,961,827

Down $112,431 (-3.9%) from 2024

Revenue

Up

$243,452

Up $65,434 (+37%) from 2024

Expenses

Up

$355,883

Up $21,723 (+6.5%) from 2024

Net Income

Up

-$112,431

Up $43,711 (+28%) from 2024

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MAssets 2010: $3,263,251Liabilities 2010: $3,924,235Net Assets 2010: -$660,9842010Assets 2011: $3,198,351Liabilities 2011: $3,934,086Net Assets 2011: -$735,7352011Assets 2020: $2,300,543Liabilities 2020: $4,624,792Net Assets 2020: -$2,324,2492020Assets 2021: $2,152,275Liabilities 2021: $4,583,402Net Assets 2021: -$2,431,1272021Assets 2022: $2,017,330Liabilities 2022: $4,572,175Net Assets 2022: -$2,554,8452022Assets 2023: $1,937,908Liabilities 2023: $4,631,162Net Assets 2023: -$2,693,2542023Assets 2024: $1,789,487Liabilities 2024: $4,638,883Net Assets 2024: -$2,849,3962024Assets 2025: $1,724,148Liabilities 2025: $4,685,975Net Assets 2025: -$2,961,8272025

Highlighted filing

2025

Assets$1,724,148
Liabilities$4,685,975
Net Assets-$2,961,827

Operations Trend

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

$400K$200K$0-$200KExpenses 2010: $249,2412010Expenses 2011: $275,2542011Revenue 2020: $240,497Expenses 2020: $384,005Net Income 2020: -$143,5082020Revenue 2021: $146,752Expenses 2021: $253,630Net Income 2021: -$106,8782021Revenue 2022: $166,681Expenses 2022: $290,399Net Income 2022: -$123,7182022Revenue 2023: $213,013Expenses 2023: $351,422Net Income 2023: -$138,4092023Revenue 2024: $178,018Expenses 2024: $334,160Net Income 2024: -$156,1422024Revenue 2025: $243,452Expenses 2025: $355,883Net Income 2025: -$112,4312025

Highlighted filing

2025

Revenue$243,452
Expenses$355,883
Net Income-$112,431

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
$243,452
Mission and Program Overview

Mission

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

Services to active senior citizens

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,043,841$919,920▼ $123,921
Accounts Receivable$0$505▲ $505
Total Assets$1,789,487$1,724,148▼ $65,339
Other Assets Total$745,646$803,723▲ $58,077
Liabilities
Other Liabilities$4,630,987$4,675,717▲ $44,730
Accounts Payable and Accrued Expenses$7,896$10,248▲ $2,352
Deferred Revenue$0$10▲ $10
Total Liabilities$4,638,883$4,685,975▲ $47,092
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-2,849,396$-2,961,827▼ $112,431
Total Net Assets Fund Balance$-2,849,396$-2,961,827▼ $112,431
Total Liabilities and Net Assets / Fund Balance$1,789,487$1,724,148▼ $65,339

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$537,875$2,869,947$3,407,822
Land$382,045-$382,045
Equipment$0$5,120$5,120
Other Land Buildings$0--
Other Assets Org$68,564--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Michael FiandacaPresidentPT$121,885$121,885

Board Members and Trustees

NameTitle
John FiandacaSecretary
Patricia LuxTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$243,452
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-112,431

Audited Revenue Reconciliation

Revenue per Audited Statements
$243,452
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$243,452
Total Revenue per Form 990
$243,452
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$316,546
Salaries, Compensation, and Employee Benefits$39,337
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$120,203$3,718-$123,921
Other Salaries and Wages$31,549$3,506-$35,055
Other Expenses$11,191$346-$11,537
Insurance$10,274--$10,274
Fees for Services Management-$9,360-$9,360
Fees for Services Accounting-$7,345-$7,345
Fees for Services Legal-$6,356-$6,356
Office Expenses$4,808$534-$5,342
Payroll Taxes$3,854$428-$4,282
All Other Expenses$725--$725
Total Functional Expenses$315,131$40,752$0$355,883

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$355,883
Expenses per Audited Statements$317,162
Total Expenses per Audited Statements$317,162
Expenses Not Reported on Financial Statements$38,721
Other Expense Adjustments$38,721
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$4,654,408
Due to Fasc2 Intercompany$21,309
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

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

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

It is discussed in a board meeting annually.

Form 990, Part VI, Section C, Line 19

The organization makes its governning documents available to the public upon request.

Filing and Contact Details

Filer

Filer Name
First Active Seniors Corporation Iv
EIN
36-4097546
Phone
3122369673
Address
8 S MICHIGAN AVE SUITE 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
0
Volunteers
0

Preparer

Firm
Rubinbrown Llp
Address
225 W WACKER DRIVE, CHICAGO, IL 60606
Preparer
Nabila Riaz
Phone
3124251099
Supplemental Narrative

Financial Statement Notes

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Book to tax depreciation difference

Raw XML AppendixShowing 400 of 490 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RETURN IS CIRCULATED AMONG MANAGEMENT FOR REVIEW AND COMMENTS BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IT IS DISCUSSED IN A BOARD MEETING ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
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 I
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2DELAVAN ACTIVE SENIOR CORP I
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3DELAVAN ACTIVE SENIOR CORP II
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4DELAVAN ACTIVE SENIOR CORP III
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5DELAVAN ACTIVE SENIOR CORP IV
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt6ESSEX OF WAUNAKEE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt7FIRST ACTIVE SENIORS CORPORATION II
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0361865233
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1364095735
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2391943549
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN3391943551
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN4391943553
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN5391943554
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN6463872376
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN7391865235
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt3501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt4501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt5501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt6501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt7501(C)(3)
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 S MICHIGAN AVE SUITE 3100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt18 S MICHIGAN AVE SUITE 3100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt28 S MICHIGAN AVE SUITE 3100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt38 S MICHIGAN AVE SUITE 3100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt48 S MICHIGAN AVE SUITE 3100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt58 S MICHIGAN AVE SUITE 3100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt68 S MICHIGAN AVE SUITE 3100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt78 S MICHIGAN AVE SUITE 3100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CHICAGO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1CHICAGO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2CHICAGO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm3CHICAGO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm4CHICAGO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm5CHICAGO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm6CHICAGO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm7CHICAGO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd3IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd4IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd5IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd6IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd7IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd060603
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd160603
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd260603
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd360603
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd460603
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd560603
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd660603
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd760603
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00

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