SPITI HOUSING DEVELOPMENT FUND COMPANY INC

EIN: 133192504 501(c)(3) Housing & Shelter

ASTORIA, NY

Total Revenue
$159,173
Total Expenses
$164,888
Total Assets
$4,944,250
Net Assets
$4,925,686
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
NY
Principal Officer
STACY BLIAGOS
Phone
2128408005
Tax Period
2024-07-01 to 2025-06-30

SPITI HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1983, is a small nonprofit in the Housing & Shelter sector that reported $159K in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. Net assets of $4.9M represent 371 months of operating reserves.

Mission

TO DEVELOP HOUSING PROJECTS FOR THE ELDERLY OR HANDICAPPED PERSONS OF LOW INCOME AND TO PROVIDE HOUSING THROUGH CONSTRUCTION, RENOVATION, AND/OR NON-PROFIT SALES FOR AND TO SUCH PERSONS OF LOW INCOME.

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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 $159,173
Investment Income $0
Other Revenue $0
TOTAL REVENUE $159,173

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $104,804
Other Expenses $164,888
TOTAL EXPENSES $164,888

Year-over-Year Comparison

2024 2023 Change
Revenue $159,173 $309,417 -0.5%
Expenses $164,888 $243,659 -0.3%
Net Income $-5,715 $65,758 -1.1%
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
6
Independent Members
6
Employees
N/A
Volunteers
6

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
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
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 DRAKATOS BOARD MEMBER 0.25
Director
$0 $0 $0
TAMMY BERENTSON INTERIM CHAIRMAN/PRESIDENT 0.25
Officer Director
$0 $0 $0
LOLA MAROULIS CFO 1.00
Officer
$0 $22,125 $196,482
STACY BLIAGOS EXECUTIVE DIRECTOR 1.00
Officer
$0 $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 $159,173 $164,888 $4,944,250 $-5,715
2024 $309,417 $243,659 $4,995,852 $65,758
2023 $273,818 $128,000 $4,879,518 $145,818
2022 $262,852 $110,226 $4,728,509 $152,626
2021 $316,539 $117,716 $4,618,652 $198,823
2020 $326,141 $84,772 $4,455,298 $241,369
2019 $309,845 $125,797 $4,168,755 $184,048
2018 $278,393 $72,084 $3,955,043 $206,309
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