AHEPA 53-III INC (EIN 261531552) - 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

2007

Legal Domicile

Principal Officer

JOSHUA HAMMOND

Phone

6788606833

Tax Period

2022-07-01 to 2023-06-30

AHEPA 53-III INC, founded in 2007, is a micro nonprofit that reported $3.5M in total revenue in fiscal year 2022. Revenue fell 1007% from the prior year — a significant decline worth monitoring.

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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $208,742

Investment Income $-3,683,323

Other Revenue $334

TOTAL REVENUE $-3,474,247

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $207,193

Other Expenses $225,773

TOTAL EXPENSES $225,773

Year-over-Year Comparison

	2022	2021	Change
Revenue	$-3,474,247	$382,932	-10.1%
Expenses	$225,773	$408,872	-0.4%
Net Income	$-3,700,020	$-25,940	+141.6%

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
JOSHUA HAMMOND	PRESIDENT	1.00	Officer Director	$0	$0	$0
ELEANOR WHITE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT F COOK	DIRECTOR	1.00	Director	$0	$0	$0
LAWSON STRINGER	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY BALLARD	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK SHEA	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
2024	No data	No data	No data	No data
2023	$-3,474,247	$225,773	$66,407	$-3,700,020
2022	$382,932	$408,872	$3,850,491	$-25,940
2021	$364,518	$456,276	$3,876,784	$-91,758
2020	$377,327	$408,360	$3,969,493	$-31,033
2019	$309,116	$415,126	$4,027,288	$-106,010
2018	$294,968	$393,804	$4,147,706	$-98,836

AHEPA 53-III INC