SPITI MANAGEMENT COMPANY INC

EIN: 113166843 501(c)(3) Housing & Shelter

ASTORIA, NY

Total Revenue
$2,467,532
Total Expenses
$2,344,910
Total Assets
$2,219,494
Net Assets
$193,678
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
NY
Principal Officer
STACY BLIAGOS
Phone
2128408005
Tax Period
2024-07-01 to 2025-06-30

SPITI MANAGEMENT COMPANY INC, founded in 1993, is a community nonprofit in the Housing & Shelter sector that reported $2.5M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $2.3M left a modest 5% surplus.

Mission

THE ORGANIZATION PROVIDES ASSISTANCE AND SERVICES TO COMMUNITY GROUPS, INCLUDING THE INITIAL DEVELOPMENT, MANAGEMENT AND MAINTENANCE OF LOW AND MODERATE INCOME HOUSING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,421,709
Investment Income $45,823
Other Revenue $0
TOTAL REVENUE $2,467,532

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,244,419
Fundraising Expenses $0
Program Expenses $1,787,589
Other Expenses $100,491
TOTAL EXPENSES $2,344,910

Year-over-Year Comparison

2024 2023 Change
Revenue $2,467,532 $2,190,664 +0.1%
Expenses $2,344,910 $2,189,489 +0.1%
Net Income $122,622 $1,175 +103.4%
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
7
Independent Members
7
Employees
61
Volunteers
10

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
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEMETRIA TSAGARIS BOARD MEMBER 0.25
Director
$0 $0 $0
DENNIS YUELYS TREASURER 0.25
Officer Director
$0 $0 $0
EVANGELINE DOURIS BOARD MEMBER 0.25
Director
$0 $0 $0
HELENE O CALOIR SECRETARY 0.25
Officer Director
$0 $0 $0
NICHOLAS TJARTJALIS VICE PRESIDENT 0.25
Officer Director
$0 $0 $0
NIKITAS DRAKOTOS BOARD MEMBER 0.25
Director
$0 $0 $0
TAMMY BERENTSON INTERIM CHAIRMAN/PRESIDENT 1.00
Officer Director
$0 $0 $0
LOLA MAROULIS CFO 5.00
Officer
$0 $22,125 $196,482
STACY BLIAGOS EXECUTIVE DIRECTOR 14.00
Officer
$105,714 $25,287 $200,595
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 $2,467,532 $2,344,910 $2,219,494 $122,622
2024 $2,190,664 $2,189,489 $1,860,796 $1,175
2023 $2,140,737 $2,120,685 $1,681,371 $20,052
2022 $2,311,526 $2,306,398 $1,154,769 $5,128
2021 $2,214,088 $2,212,644 $680,394 $1,444
2020 $2,176,611 $2,176,608 $456,670 $3
2019 $2,023,077 $2,034,531 $319,434 $-11,454
2018 $1,622,821 $1,631,518 $195,735 $-8,697
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