AHEPA AFFORDABLE HOUSING MANAGEMENT COMPANY INC (EIN 351867058) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

STEVE BECK

Phone

3178453410

Tax Period

2023-01-01 to 2023-12-31

AHEPA AFFORDABLE HOUSING MANAGEMENT COMPANY INC, founded in 1992, is a mid-sized nonprofit in the Housing & Shelter sector that reported $16.5M in total revenue in fiscal year 2023. Revenue surged 138% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.3M, a strong 50% operating margin.

Mission

TO FACILITATE THE DEVELOPMENT, CONSTRUCTION, MANAGEMENT, AND OPERATION OF AFFORDABLE HOUSING FACILITIES FOR LOW-INCOME ELDERLY AND HANDICAPPED PERSONS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,628,356

Program Service Revenue $7,919,513

Investment Income $47,936

Other Revenue $1,890,032

TOTAL REVENUE $16,485,837

Expense Breakdown

Grants Paid $1,127,786

Salaries & Benefits $4,277,540

Fundraising Expenses $0

Program Expenses $6,827,838

Other Expenses $2,769,060

TOTAL EXPENSES $8,174,386

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,485,837	$6,935,496	+1.4%
Expenses	$8,174,386	$11,253,967	-0.3%
Net Income	$8,311,451	$-4,318,471	-2.9%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

374

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

$479,529

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KONSTANTINE ANGELO	DIRECTOR	1.00	Director	$0	$0	$0
ANGELO KOSTARIDES	DIRECTOR	1.00	Director	$0	$0	$0
THEODORE GULAS	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN PLATIS	DIRECTOR	1.00	Director	$0	$0	$0
TASOS KALANTZIS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL PIKAKIS	DIRECTOR	1.00	Director	$0	$0	$0
CHRIST COUMANIS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN GROSSOMANIDES	DIRECTOR	1.00	Director	$0	$0	$0
MARK BULLOCK	DIRECTOR	1.00	Director	$0	$0	$0
CHARRIE REGOPOULOS	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE NARDONE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN ZOURZOUKIS	DIRECTOR	1.00	Director	$0	$0	$0
DEMETRIOS MAKRIS	DIRECTOR	1.00	Director	$0	$0	$0
STEVE BECK	PRESIDENT/CEO	40.00	Officer	$453,775	$25,754	$479,529
CAROL WHITEMAN	VP OF HUMAN RESOURCES	40.00	Highest	$152,842	$0	$152,842
DAWN COLE	CONTROLLER	40.00	Highest	$139,509	$38,048	$177,557
ANDREW KAFFES	SR. DIRECTOR, GOVT RELATIONS/PUBLIC AFFAIRS	40.00	Highest	$122,786	$38,048	$160,834
SANDRA DZANKOVIC	DIRECTOR OF OPERATIONS	40.00	Highest	$102,111	$20,171	$122,282
TIM VAN ROOY	DIRECTOR OF DEVELOPMENT	40.00	Highest	$101,778	$0	$101,778

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	$16,485,837	$8,174,386	$33,261,709	$8,311,451
2022	$6,935,496	$11,253,967	$24,157,705	$-4,318,471
2021	$8,886,631	$5,955,493	$29,875,447	$2,931,138
2020	$6,908,890	$4,376,340	$29,163,649	$2,532,550
2019	$5,808,638	$3,913,328	$14,100,686	$1,895,310
2018	$4,858,486	$4,561,531	$13,506,878	$296,955

AHEPA AFFORDABLE HOUSING MANAGEMENT COMPANY INC