AHEPA NATIONAL HOUSING CORPORATION

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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

2003

Legal Domicile

Principal Officer

THEODORE GULAS

Phone

3178453410

Tax Period

2023-01-01 to 2023-12-31

AHEPA NATIONAL HOUSING CORPORATION, founded in 2003, is a micro nonprofit in the Housing & Shelter sector that reported $14K in total revenue in fiscal year 2023. Revenue fell 82% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $9K, a strong 65% operating margin.

Mission

TO SPONSOR, OFFER GRANTS AND LOANS TO, AND ASSIST AND (I) HUD QUALIFIED MANAGEMENT ACTIVITY, OR (II) ANY BORROWER CORPORATION INCORPORATED BY ANY LEGALLY ESTABLISHED CHAPTER OF THE ORDER OF AHEPA OR DAUGHTERS OF PENELOPE THAT WISHES TO BUILD A SENIOR CITIZEN HOME. UNDER THE SECTION 202 PROGRAM OF THE HOUSING ACT OF 1959, WHICH QUALIFY AS EXEMPT ORGANIZATION UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE.

Program Service Accomplishments

Program 1

Expenses: $4,365

THE MISSION OF AHEPA NATIONAL HOUSING CORPORATION (AHNC) IS TO PROVIDE AFFORDABLE HOUSING FOR THE LOW-INCOME ELDERLY AND DISABLED PERSONS, AND TO ENSURE THAT THEY RECEIVE THE SERVICES DESIGNED TO...

THE MISSION OF AHEPA NATIONAL HOUSING CORPORATION (AHNC) IS TO PROVIDE AFFORDABLE HOUSING FOR THE LOW-INCOME ELDERLY AND DISABLED PERSONS, AND TO ENSURE THAT THEY RECEIVE THE SERVICES DESIGNED TO MEET THEIR PHYSICAL AND SOCIAL NEEDS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $13,882

Other Revenue $0

TOTAL REVENUE $13,882

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,365

Other Expenses $4,850

TOTAL EXPENSES $4,850

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,882	$76,011	-0.8%
Expenses	$4,850	$11,000	-0.6%
Net Income	$9,032	$65,011	-0.9%

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

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
THEODORE GULAS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHN ZOURZOUKIS	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
DEMETRIOS MAKRIS	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL PIHAKIS	TREASURER	1.00	Officer Director	$0	$0	$0
EP MITCHELL	HONORARY EXECUTIVE BOARD M	1.00	Director	$0	$0	$0
JOHN GROSSOMANIDES	DIRECTOR	1.00	Director	$0	$0	$0
CHRIST COUMANIS	DIRECTOR	1.00	Director	$0	$0	$0
ANGELO KOSTARIDES	DIRECTOR	1.00	Director	$0	$0	$0
S CHRISTY KARTHAN	DIRECTOR	1.00	Director	$0	$0	$0
DEMOSTHENES KIRIAZIDES	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES MACKENZIE	DIRECTOR	1.00	Director	$0	$0	$0
PANOS NIARCHOS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MILLER	DIRECTOR	1.00	Director	$0	$0	$0
JAMES GELIS	DIRECTOR	1.00	Director	$0	$0	$0
TASOS KALANTZIS	DIRECTOR	1.00	Director	$0	$0	$0
ANGELIKA MAGRAMES	DIRECTOR	1.00	Director	$0	$0	$0
JASON ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
KONSTANTINE ANGELO	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
NICHOLAS S KALLAN	DIRECTOR	1.00	Director	$0	$0	$0
CONSTANTINE CHRISTOPHILLIS	DIRECTOR	1.00	Director	$0	$0	$0
ANDREAS KAPETANOPOULOS	DIRECTOR	1.00	Director	$0	$0	$0
JAMES KARTHAN	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET SPERIDES	DIRECTOR	1.00	Director	$0	$0	$0
LEON STATH	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MANOLUKAS	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD W MAYORGO	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE NARDONE	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH O'NEIL JR	DIRECTOR	1.00	Director	$0	$0	$0
JAMES PAFUDAKIS	DIRECTOR	1.00	Director	$0	$0	$0
STEFANOS PHOTIADES	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SISAK	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN PLATIS	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE THEIOS	DIRECTOR THRU JAN 2023	1.00	Director	$0	$0	$0
JAMES TZITIZON	DIRECTOR	1.00	Director	$0	$0	$0
MARY VERGES	DIRECTOR	1.00	Director	$0	$0	$0
ALEXIS ZARKADES	DIRECTOR	1.00	Director	$0	$0	$0
PETER NASSOS	DIRECTOR	1.00	Director	$0	$0	$0
ANASTASIOS PALLAS	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
2024	No data	No data	No data	No data
2023	$13,882	$4,850	$660,576	$9,032
2022	$76,011	$11,000	$687,378	$65,011
2021	$1,085,514	$111,218	$694,469	$974,296
2020	$16,422	$19,790	$840,348	$-3,368
2019	$135,992	$24,733	$825,682	$111,259
2018	$158,376	$251,518	$910,797	$-93,142