AHEPA BUFFALO HOUSING DEVELOPMENT INC (EIN 161565446) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

DENNIS KIRIAZIDES

Phone

7166080600

Tax Period

2023-07-01 to 2024-06-30

AHEPA BUFFALO HOUSING DEVELOPMENT INC, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $467K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $619K exceeded revenue, resulting in a 32% operating deficit.

Mission

THE CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE AN AFFORDABLE HOUSING APARTMENT COMMUNITY.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $456,927

Investment Income $7,821

Other Revenue $2,582

TOTAL REVENUE $467,330

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $563,814

Other Expenses $619,095

TOTAL EXPENSES $619,095

Year-over-Year Comparison

	2023	2022	Change
Revenue	$467,330	$421,255	+0.1%
Expenses	$619,095	$564,514	+0.1%
Net Income	$-151,765	$-143,259	+0.1%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS KIRIAZIDES	PRESIDENT	1.00	Officer Director	$0	$0	$0
NICHOLAS MOUGANIS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PETER ANTHONY	SECRETARY	1.00	Officer Director	$0	$0	$0
NICHOLAS EVEVSKY	TREASURER	1.00	Officer Director	$0	$0	$0
TERRY MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY LETENDRE	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE NARDONE	DIRECTOR	1.00	Director	$0	$0	$0

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	No data	No data	No data	No data
2024	$467,330	$619,095	$3,160,045	$-151,765
2023	$421,255	$564,514	$3,244,193	$-143,259
2022	$403,634	$510,882	$3,387,933	$-107,248
2021	$393,921	$475,211	$3,466,553	$-81,290
2020	$373,137	$469,271	$3,619,942	$-96,134
2019	$366,024	$480,520	$3,713,936	$-114,496
2018	$363,173	$447,649	$3,835,783	$-84,476

AHEPA BUFFALO HOUSING DEVELOPMENT INC