AHEPA 232 III INC (EIN 331039034) - 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

2002

Legal Domicile

Principal Officer

ANGELO ZARAVAS

Phone

3178447480

Tax Period

2024-07-01 to 2025-06-30

AHEPA 232 III INC, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $693K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Net assets of $2.4M represent 42 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $500

Program Service Revenue $673,033

Investment Income $18,305

Other Revenue $1,339

TOTAL REVENUE $693,177

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $594,970

Other Expenses $685,135

TOTAL EXPENSES $685,135

Year-over-Year Comparison

	2024	2023	Change
Revenue	$693,177	$637,527	+0.1%
Expenses	$685,135	$620,946	+0.1%
Net Income	$8,042	$16,581	-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

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
ANGELO KOSTARIDES	PRESIDENT	1.00	Officer Director	$0	$0	$0
ANGELO ZARVAS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ANDREW SPIRRISON	SECRETARY	1.00	Officer Director	$0	$0	$0
IRENE DONEY	TREASURER	1.00	Officer Director	$0	$0	$0
NICK SPIRRISON	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA MAGRAMES	DIRECTOR	1.00	Director	$0	$0	$0
PANOS NIARCHOS	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	$693,177	$685,135	$2,607,354	$8,042
2024	$637,527	$620,946	$2,512,547	$16,581
2023	$569,211	$591,114	$2,468,237	$-21,903
2022	$534,303	$569,177	$2,489,981	$-34,874
2021	$509,481	$534,820	$2,530,184	$-25,339
2020	$521,712	$522,155	$2,538,569	$-443
2019	$473,080	$503,865	$2,610,526	$-30,785
2018	$391,983	$472,475	$2,666,303	$-80,492

AHEPA 232 III INC