HANAC INC

EIN: 112290832 501(c)(3) Civil Rights & Advocacy

ASTORIA, NY

Total Revenue
$24,460,845
Total Expenses
$20,204,268
Total Assets
$32,952,149
Net Assets
$16,488,311
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
NY
Principal Officer
STACY BLIAGOS
Phone
2128408005
Tax Period
2024-07-01 to 2025-06-30

HANAC INC, founded in 1972, is a mid-sized nonprofit in the Civil Rights & Advocacy sector that reported $24.5M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.3M, a strong 17% operating margin.

Mission

TO DEVELOP, IMPLEMENT AND ADMINISTER VARIOUS SERVICES FOR THE BETTERMENT OF THE GENERAL COMMUNITY INCLUDING SOCIAL, EDUCATIONAL, EMPLOYMENT TRAINING, MENTAL HEALTH, CULTURAL, CHILD CARE, HOUSING, HOME CARE FOR SENIOR CITIZENS, AND YOUTH SERVICES, TO ANY AND ALL WHO ARE NEEDY WITHOUT DISCRIMINATION AS TO RACE, CREED, NATIONAL ORIGIN OR OTHER DEFINING CHARACTERISTIC, AND TO WORK CLOSELY WITH OTHER SERVICE PROVIDERS, THE CITY, STATE AND FEDERAL GOVERNMENT FOR THE BETTERMENT OF THE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $4,039,899

AGING -THE HANAC SENIOR CENTERS OFFER CITIZENS, AGE 60 AND ABOVE, AN OPPORTUNITY TO GATHER IN A CONGENIAL ENVIRONMENT TO PARTICIPATE IN ACTIVITIES THAT WILL ENHANCE THEIR ABILITY TO REMAIN ACTIVE AND...

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AGING -THE HANAC SENIOR CENTERS OFFER CITIZENS, AGE 60 AND ABOVE, AN OPPORTUNITY TO GATHER IN A CONGENIAL ENVIRONMENT TO PARTICIPATE IN ACTIVITIES THAT WILL ENHANCE THEIR ABILITY TO REMAIN ACTIVE AND INVOLVED IN THEIR COMMUNITY. THE JVL SENIOR CENTER AND ITS SATELLITE THE ARCHBISHOP IAKOVOS SENIOR CENTER ARE YEAR ROUND PROGRAMS THAT OPERATE DAILY FROM 9 AM TO 4PM WITH SCHEDULED PROGRAMMING THAT OFFER MEMBERS ACTIVE INFORMAL AND PLANNED SOCIAL ACTIVITIES; THE OPPORTUNITY TO DEVELOP NEW FRIENDSHIPS, INTEREST, HOBBIES, AND EDUCATIONAL OPPORTUNITIES; REFERRALS FOR SOCIAL SERVICES; AND, A DAILY LUNCHEON PROGRAM. MEMBERS ARE ENCOURAGED TO PLAY AN ACTIVE ROLE IN PROGRAM PLANNING AND IN THE DAILY OPERATIONS OF THE CENTERS. THE ADVISORY COMMITTEE, AT EACH CENTER, IS COMPRISED OF SENIOR CITIZENS AND COMMUNITY LEADERS AND MEETS REGULARLY TO DISCUSS PROGRAMMATIC ISSUES AND TO FORMULATE NEW GOALS FOR THE PROGRAM. A STRONG EMPHASIS IS PLACED ON SERVICES TO THE FRAIL ELDERLY. THIS PROGRAM SERVICES ALMOST 50,000 MEALS ANNUALLY WITH 970 EDUCATIONAL/RECREATIONAL ACTIVITIES AND 12 NUTRITION CLASSES. THIS PROGRAM IS FUNDED THROUGH THE NEW YORK CITY DEPARTMENT FOR THE AGING; MEALS AND ACTIVITIES TO OVER 2,000 ELDERLY CLIENTS.

Program 2
Expenses: $7,612,185

YOUTH SERVICES - PROVIDES AFTER SCHOOL PROGRAMS IN SCHOOLS, NYCHA'S ASTORIA HOUSING DEVELOPMENT AND ON SITE ON HANAC PROPERTY, TO ELEMENTARY, MIDDLE SCHOOL AND HIGH SCHOOL STUDENTS INCLUDING HOMEWORK...

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YOUTH SERVICES - PROVIDES AFTER SCHOOL PROGRAMS IN SCHOOLS, NYCHA'S ASTORIA HOUSING DEVELOPMENT AND ON SITE ON HANAC PROPERTY, TO ELEMENTARY, MIDDLE SCHOOL AND HIGH SCHOOL STUDENTS INCLUDING HOMEWORK HELP, TUTORING, ARTS AND CRAFTS, SPORTS AND CURRICULUM BASED PROGRAMMING AS WELL AS LITERACY PROGRAM TO STUDENTS IN NEED OF THESE SERVICES. YOUTH PROGRAMMING IS AVAILABLE FOR STUDENTS RELATED TO TRAINING AND JOB PLACEMENT .

Program 3
Expenses: $1,835,717 Revenue: $1,405,160

RESIDENTIAL - THE WEATHERIZATION ASSISTANCE PROGRAM IS COMMITTED TO REDUCING HEATING AND ELECTRICAL COSTS WHILE INCREASING COMFORT FOR LOW-INCOME FAMILIES BY IMPROVING THE ENERGY EFFICIENCY OF THEIR...

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RESIDENTIAL - THE WEATHERIZATION ASSISTANCE PROGRAM IS COMMITTED TO REDUCING HEATING AND ELECTRICAL COSTS WHILE INCREASING COMFORT FOR LOW-INCOME FAMILIES BY IMPROVING THE ENERGY EFFICIENCY OF THEIR HOMES. ONCE AN APPLICANT IS DEEMED ELIGIBLE, A COMPREHENSIVE ENERGY ANALYSIS OF THE APPLICANT'S HOME IS CONDUCTED. BASED ON THAT ANALYSIS AND THE FUNDS AVAILABLE, WEATHERIZATION MEASURES ARE INSTITUTED WHICH HAVE BEEN DETERMINED TO BE THE MOST COST-EFFECTIVE IN REDUCING THE APPLICANT'S ENERGY CONSUMPTION WHILE INCREASING THEIR COMFORT.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $22,496,873
Program Service Revenue $1,405,160
Investment Income $429,902
Other Revenue $128,910
TOTAL REVENUE $24,460,845

Expense Breakdown

Grants Paid $0
Salaries & Benefits $13,505,136
Fundraising Expenses $11,214
Program Expenses $16,700,001
Other Expenses $6,699,132
TOTAL EXPENSES $20,204,268

Year-over-Year Comparison

2024 2023 Change
Revenue $24,460,845 $19,949,338 +0.2%
Expenses $20,204,268 $19,062,799 +0.1%
Net Income $4,256,577 $886,539 +3.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
451
Volunteers
185

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
6
$397,077
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALLISON MUSMAND BOARD MEMBER 0.30
Director
$0 $0 $0
CONSTANTINA PAPAGEORGIOU BOARD MEMBER 0.30
Director
$0 $0 $0
DEMETRIA TSAGARIS BOARD MEMBER 0.30
Director
$0 $0 $0
DENNIS YUELYS TREASURER 0.30
Officer Director
$0 $0 $0
DR GEORGE SYROS BOARD MEMBER 0.30
Director
$0 $0 $0
EVANGELINE DOURIS BOARD MEMBER 0.30
Director
$0 $0 $0
HELENE O CALOIR SECRETARY 0.30
Officer Director
$0 $0 $0
MARIA BETANCES BOARD MEMBER 0.30
Director
$0 $0 $0
NICHOLAS TJARTJALIS VICE PRESIDENT 0.30
Officer Director
$0 $0 $0
SAVITRI TU BOARD MEMBER 0.30
Director
$0 $0 $0
TAMMY BERENTSON INTERIM CHAIRMAN/PRESIDENT 1.00
Officer Director
$0 $0 $0
VIRGINIA TRANCHIK BOARD MEMBER 0.30
Director
$0 $0 $0
LOLA MAROULIS CFO 35.00
Officer
$174,357 $22,125 $196,482
STACY BLIAGOS EXECUTIVE DIRECTOR 14.00
Officer
$69,594 $25,287 $200,595
ANDREA JERVES DIRECTOR OF PROGRAMS & DEVELOPMENT 35.00
Highest
$133,797 $21,367 $155,164
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 $24,460,845 $20,204,268 $32,952,149 $4,256,577
2024 $19,949,338 $19,062,799 $30,634,311 $886,539
2023 $18,684,279 $18,065,917 $29,101,730 $618,362
2022 $20,374,188 $16,419,676 $28,146,506 $3,954,512
2021 $13,915,261 $14,989,400 $24,898,755 $-1,074,139
2020 $13,648,020 $13,142,560 $25,016,203 $505,460
2019 $15,105,505 $14,367,610 $23,068,383 $737,895
2018 $14,225,391 $13,861,817 $22,912,824 $363,574
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