AHEPA 156 INC (EIN 251856119) - 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

2000

Legal Domicile

Principal Officer

MICHAEL PIHAKIS

Phone

7247463570

Tax Period

2024-07-01 to 2025-06-30

AHEPA 156 INC, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $488K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $538K exceeded revenue, resulting in a 10% 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $477,523

Investment Income $6,745

Other Revenue $3,655

TOTAL REVENUE $487,923

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $497,855

Other Expenses $537,926

TOTAL EXPENSES $537,926

Year-over-Year Comparison

	2024	2023	Change
Revenue	$487,923	$436,480	+0.1%
Expenses	$537,926	$508,630	+0.1%
Net Income	$-50,003	$-72,150	-0.3%

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
MICHAEL PIHAKIS	PRESIDENT	1.00	Officer Director	$0	$0	$0
LUKE KARAVOLIS	SECRETARY	1.00	Officer Director	$0	$0	$0
PETE MONIODES	DIRECTOR	1.00	Director	$0	$0	$0
DAVID RHOME	DIRECTOR	1.00	Director	$0	$0	$0
ALEX PIHAKIS	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS TSANGARIS	DIRECTOR	1.00	Director	$0	$0	$0
NICK MAHRAMAS	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	$487,923	$537,926	$2,151,657	$-50,003
2024	$436,480	$508,630	$2,210,071	$-72,150
2023	$410,887	$512,129	$2,277,084	$-101,242
2022	$409,881	$544,218	$2,369,249	$-134,337
2021	$401,128	$490,882	$2,497,484	$-89,754
2020	$405,283	$405,993	$2,585,739	$-710
2019	$346,176	$423,553	$2,587,660	$-77,377
2018	$345,797	$410,857	$2,669,179	$-65,060

AHEPA 156 INC