AHEPA 310 INC (PHASE II)

EIN: 630955243 501(c)(3) Housing & Shelter

MOBILE, AL

Total Revenue
$940,020
Total Expenses
$7,667
Total Assets
$2,126,986
Net Assets
$2,126,986
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
AL
Principal Officer
CHRIST COUMANIS
Phone
2516601783
Tax Period
2018-07-01 to 2019-06-30

AHEPA 310 INC (PHASE II), founded in 1988, is a small nonprofit in the Housing & Shelter sector that reported $940K in total revenue in fiscal year 2018. Revenue surged 2719% from the prior year, signaling strong growth momentum. The organization ran a surplus of $932K, a strong 99% operating margin.

Mission

THE MISSION OF AHEPA 310, INC (PHASE II) IS TO PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME ELDERLY AND DISABLED PERSONS, AND TO INSURE THAT THEY RECEIVE THE SERVICES DESIGNED TO MEET THEIR PHYSICAL AND SOCIAL NEEDS.

Program Service Accomplishments

Program 1
Expenses: $6,947 Revenue: $936,177

GOVERNMENT SUBSIDIZED HOUSING FOR THE LOW INCOME ELDERLY.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $936,177
Investment Income $3,843
Other Revenue $0
TOTAL REVENUE $940,020

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $6,947
Other Expenses $7,667
TOTAL EXPENSES $7,667

Year-over-Year Comparison

2018 2017 Change
Revenue $940,020 $33,341 +27.2%
Expenses $7,667 $24 +318.5%
Net Income $932,353 $33,317 +27.0%
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

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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
1

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
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIST N COUMANIS PRESIDENT 1.00
Officer Director
$0 $0 $0
JAMES M LIGNOS VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
BOBBY L FOROPOULOS TREASURER 1.00
Officer Director
$0 $0 $0
DOUGLAS S FRAZIER SECRETARY 1.00
Officer Director
$0 $0 $0
JOHN MORALIS DIRECTOR 1.00
Director
$0 $0 $0
TOMMY LUTHER DIRECTOR 1.00
Director
$0 $0 $0
PAUL PLATIS DIRECTOR 1.00
Director
$0 $0 $0
NICK TSOUNIS DIRECTOR 1.00
Director
$0 $0 $0
JIM PAFUDAKIS DIRECTOR 1.00
Director
$0 $0 $0
DALE GREENSTEIN DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL HARTZES DIRECTOR 1.00
Director
$0 $0 $0
TERRY PALAMOYTIS DIRECTOR 1.00
Director
$0 $0 $0
MIKE KARAVOKIROS DIRECTOR 1.00
Director
$0 $0 $0
LEESA VROSCHER 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
2019 $940,020 $7,667 $2,126,986 $932,353
2018 $33,341 $24 $1,194,633 $33,317
2018 $33,341 $24 $1,194,633 $33,317
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