AHEPA 245-II INC

EIN: 223348871 501(c)(3) Housing & Shelter

NEWPORT, RI

Total Revenue
$655,313
Total Expenses
$671,926
Total Assets
$1,528,773
Net Assets
$1,318,536
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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
4018468619
Tax Period
2024-07-01 to 2025-06-30

AHEPA 245-II INC, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $655K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Net assets of $1.3M represent 24 months of operating reserves.

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 $622,627
Investment Income $10,743
Other Revenue $21,943
TOTAL REVENUE $655,313

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $604,648
Other Expenses $671,926
TOTAL EXPENSES $671,926

Year-over-Year Comparison

2024 2023 Change
Revenue $655,313 $582,603 +0.1%
Expenses $671,926 $699,650 0.0%
Net Income $-16,613 $-117,047 -0.9%
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
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
JOHN GROSSOMANIDES DIRECTOR 1.00
Director
$0 $0 $0
GEORGE PANICHAS JR DIRECTOR 1.00
Director
$0 $0 $0
ERNEST M VOILET 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
ALEXANDER PHILIPPIDES 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 $655,313 $671,926 $1,528,773 $-16,613
2024 $582,603 $699,650 $1,632,580 $-117,047
2023 $618,609 $583,533 $1,674,951 $35,076
2022 $515,969 $616,680 $1,547,996 $-100,711
2021 $498,797 $557,520 $1,599,794 $-58,723
2020 $484,455 $545,752 $1,686,977 $-61,297
2019 $463,613 $513,468 $1,763,944 $-49,855
2018 $425,388 $504,598 $1,830,314 $-79,210
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