AHEPA 78 PHASE II INC

EIN: 351916082 501(c)(3) Housing & Shelter

MERRILLVILLE, IN

Total Revenue
$516,488
Total Expenses
$504,106
Total Assets
$1,478,528
Net Assets
$1,436,405
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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
1983
Legal Domicile
IN
Principal Officer
LEON STATH
Phone
2197910708
Tax Period
2024-07-01 to 2025-06-30

AHEPA 78 PHASE II INC, founded in 1983, is a small nonprofit in the Housing & Shelter sector that reported $516K in total revenue in fiscal year 2024. Net assets of $1.4M represent 33 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $503,171
Investment Income $8,868
Other Revenue $4,449
TOTAL REVENUE $516,488

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $449,029
Other Expenses $504,106
TOTAL EXPENSES $504,106

Year-over-Year Comparison

2024 2023 Change
Revenue $516,488 $486,237 +0.1%
Expenses $504,106 $499,712 +0.0%
Net Income $12,382 $-13,475 -1.9%
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 E COIL JR SECRETARY 1.00
Officer Director
$0 $0 $0
ANGELIKA MAGRAMES 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 $516,488 $504,106 $1,478,528 $12,382
2024 $486,237 $499,712 $1,471,080 $-13,475
2023 $472,806 $446,963 $1,493,755 $25,843
2022 $464,162 $542,824 $1,461,526 $-78,662
2021 $444,129 $465,030 $1,549,272 $-20,901
2020 $409,797 $431,378 $1,555,779 $-21,581
2019 $403,319 $476,046 $1,632,074 $-72,727
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