AHEPA 245 INC

EIN: 222778822 501(c)(3) Housing & Shelter

NEWPORT, RI

Total Revenue
$691,753
Total Expenses
$693,607
Total Assets
$1,148,719
Net Assets
$-784,310
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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
2000
Legal Domicile
RI
Principal Officer
MICHAEL SISAK
Phone
4018495298
Tax Period
2024-07-01 to 2025-06-30

AHEPA 245 INC, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $692K in total revenue in fiscal year 2024.

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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $682,246
Investment Income $3,209
Other Revenue $6,298
TOTAL REVENUE $691,753

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $657,111
Other Expenses $693,607
TOTAL EXPENSES $693,607

Year-over-Year Comparison

2024 2023 Change
Revenue $691,753 $671,755 +0.0%
Expenses $693,607 $682,651 +0.0%
Net Income $-1,854 $-10,896 -0.8%
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
8
Independent Members
8
Employees
N/A
Volunteers
8

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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL SISAK PRESIDENT 1.00
Officer Director
$0 $0 $0
ERNEST M VIOLET VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
ALEXANDER PHILIPPIDES SECRETARY 1.00
Officer Director
$0 $0 $0
NORMAN MOREAU TREASURER 1.00
Officer Director
$0 $0 $0
LEONIDAS AMARANT DIRECTOR 1.00
Director
$0 $0 $0
JOHN GROSSOMANIDES DIRECTOR 1.00
Director
$0 $0 $0
JOHN PANAGAKO DIRECTOR 1.00
Director
$0 $0 $0
GEORGE PANICHAS JR 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 $691,753 $693,607 $1,148,719 $-1,854
2024 $671,755 $682,651 $1,188,853 $-10,896
2023 $686,573 $658,478 $1,246,649 $28,095
2022 $621,668 $664,518 $1,280,624 $-42,850
2021 $631,817 $627,022 $1,345,217 $4,795
2020 $628,203 $608,087 $1,365,697 $20,116
2019 $584,580 $686,998 $1,401,394 $-102,418
2018 $583,512 $589,914 $1,525,161 $-6,402
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