HARRISON TOWNSHIP, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)AHEPA 371 INC, founded in 1986, is a small nonprofit in the Housing & Shelter sector that reported $162K in total revenue in fiscal year 2020. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $277K exceeded revenue, resulting in a 71% operating deficit.
THE CORPORATION SHALL USE ITS FUNDS AND ANY CONTRIBUTIONS RECEIVED AND ANY REVENUE EARNED BY IT THROUGH THE PERFORMANCE OF ITS ACTIVITIES EXCLUSIVELY FOR PURPOSES AS SET FORTH IN ITS ARTICLES OF INCORPORATION AND MAY ENGAGE IN THOSE ACTIVITIES DIRECTLY OR MAY MAKE CONTRIBUTIONS TO ORGANIZATIONS WHOSE ACTIVITIES ARE CONSISTENT WITH ITS PURPOSES.
MANAGEMENT OF HOUSING FACILITIES FOR ELDERLY AND HANDICAPPED PERSONS AND PROVISIONS OF SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH...
MANAGEMENT OF HOUSING FACILITIES FOR ELDERLY AND HANDICAPPED PERSONS AND PROVISIONS OF SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULLNESS IN LONGER LIVING.
RELIEF OF THE POOR, THE DISTRESSED OR THE UNDERPRIVILEGED; ADVANCEMENT OF RELIGION (AND FOR THIS ORGANIZATION, MORE SPECIFICALLY THE ORTHODOX RELIGION); ADVANCEMENT OF EDUCATION OR SCIENCE; ERECTING...
RELIEF OF THE POOR, THE DISTRESSED OR THE UNDERPRIVILEGED; ADVANCEMENT OF RELIGION (AND FOR THIS ORGANIZATION, MORE SPECIFICALLY THE ORTHODOX RELIGION); ADVANCEMENT OF EDUCATION OR SCIENCE; ERECTING OR MAINTAINING PUBLIC BUILDINGS, MONUMENTS, OR WORKS; LESSENING THE BURDENS OF GOVERNMENT; LESSENING NEIGHBORHOOD TENSIONS; ELIMINATING PREJUDICE AND DISCRIMINNATION; DEFENDING HUMAN AND CIVIL RIGHTS SECURED BY LAW; AND COMBATING COMMUNITY DETERIORATION AND JUVENILE DELINQUENCY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2020 | 2019 | Change | |
|---|---|---|---|
| Revenue | $162,012 | $406,223 | -0.6% |
| Expenses | $277,041 | $89,525 | +2.1% |
| Net Income | $-115,029 | $316,698 | -1.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JOHN N HATZIS | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LAZAROS KIRCOS | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| GEORGE S GAZEPIS | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LOU PAVLEDES | SECETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| GEORGE PETROULEAS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LOUIS THEROS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| IAN DUNCAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PETER COUTSOS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2020 | $162,012 | $277,041 | $4,171,148 | $-115,029 |
| 2019 | $406,223 | $89,525 | $4,000,064 | $316,698 |
| 2018 | $5,107 | $177,973 | $3,683,367 | $-172,866 |
Compare AHEPA 371 INC with other nonprofits in Michigan and across the country.