AHEPA 232 PHASE II INC (EIN 351635762) - 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

1985

Legal Domicile

Principal Officer

ANGELO ZARAVAS

Phone

3178453410

Tax Period

2024-07-01 to 2025-06-30

AHEPA 232 PHASE II INC, founded in 1985, is a small nonprofit in the Housing & Shelter sector that reported $609K in total revenue in fiscal year 2024.

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 $595,870

Investment Income $3,502

Other Revenue $9,436

TOTAL REVENUE $608,808

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $570,487

Other Expenses $622,354

TOTAL EXPENSES $622,354

Year-over-Year Comparison

	2024	2023	Change
Revenue	$608,808	$588,681	+0.0%
Expenses	$622,354	$597,263	+0.0%
Net Income	$-13,546	$-8,582	+0.6%

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
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	$608,808	$622,354	$1,652,829	$-13,546
2024	$588,681	$597,263	$1,718,565	$-8,582
2023	$556,386	$579,392	$1,763,636	$-23,006
2022	$547,828	$535,812	$1,821,108	$12,016
2021	$532,472	$573,159	$1,851,536	$-40,687
2020	$527,349	$541,675	$2,033,034	$-14,326
2019	$513,354	$522,294	$2,104,328	$-8,940
2018	$447,716	$473,706	$2,154,477	$-25,990

AHEPA 232 PHASE II INC