AHEPA 78 PHASE VI INC

EIN: 320192583 501(c)(3) Housing & Shelter

MERRILLVILLE, IN

Total Revenue
$518,771
Total Expenses
$573,864
Total Assets
$3,942,201
Net Assets
$3,899,210
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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
2008
Legal Domicile
IN
Principal Officer
LEON STATH
Phone
2197698846
Tax Period
2024-07-01 to 2025-06-30

AHEPA 78 PHASE VI INC, founded in 2008, is a small nonprofit in the Housing & Shelter sector that reported $519K in total revenue in fiscal year 2024. Expenses of $574K exceeded revenue, resulting in a 11% 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $495,518
Investment Income $19,258
Other Revenue $3,995
TOTAL REVENUE $518,771

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $532,657
Other Expenses $573,864
TOTAL EXPENSES $573,864

Year-over-Year Comparison

2024 2023 Change
Revenue $518,771 $496,562 +0.0%
Expenses $573,864 $532,287 +0.1%
Net Income $-55,093 $-35,725 +0.5%
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
LEON STATH PRESIDENT 1.00
Officer Director
$0 $0 $0
GEORGE DOMORAS VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
NICHOLAS GIANIKOS TREASURER 1.00
Officer Director
$0 $0 $0
THOMAS COIL JR SECRETARY 1.00
Officer Director
$0 $0 $0
ANGELIKA MANGRAMES DIRECTOR 1.00
Director
$0 $0 $0
JEFFREY FARVER DIRECTOR 1.00
Director
$0 $0 $0
GEORGE STROGOUILUDIS DIRECTOR 1.00
Director
$0 $0 $0
NIKOLAOS F FITOUSIS 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 $518,771 $573,864 $3,942,201 $-55,093
2024 $496,562 $532,287 $4,030,860 $-35,725
2023 $465,848 $464,317 $4,264,599 $1,531
2022 $419,251 $475,184 $4,049,144 $-55,933
2021 $383,021 $418,079 $4,105,073 $-35,058
2020 $386,739 $436,544 $4,133,585 $-49,805
2019 $343,242 $399,352 $4,181,829 $-56,110
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