AHEPA 23-III INC (EIN 631262817) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

THEODORE GULAS

Phone

3348543410

Tax Period

2024-07-01 to 2025-06-30

AHEPA 23 III INC, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $194K in total revenue in fiscal year 2019. Expenses of $230K exceeded revenue, resulting in a 19% operating deficit.

Mission

THE CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE AN AFFORDABLE HOUSING APARTMENT COMMUNITY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $340,638

Investment Income $1,779

Other Revenue $18,554

TOTAL REVENUE $360,971

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $279,535

Other Expenses $312,822

TOTAL EXPENSES $312,822

Year-over-Year Comparison

	2024	2023	Change
Revenue	$360,971	$296,503	+0.2%
Expenses	$312,822	$375,619	-0.2%
Net Income	$48,149	$-79,116	-1.6%

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	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN ZOURZOUKIS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL PIHAKIS	TREASURER	1.00	Officer Director	$0	$0	$0
DEMETRIOS MAKRIS	SECRETARY	1.00	Officer Director	$0	$0	$0
TASOS KALANTZIS THRU 71424	DIRECTOR	1.00	Director	$0	$0	$0
CHRIST COUMANIS	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE NARDONE	DIRECTOR	1.00	Director	$0	$0	$0
MARK BULLOCK	DIRECTOR	1.00	Director	$0	$0	$0
ANGELO KOSTARIDES	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN PLATIS	DIRECTOR	1.00	Director	$0	$0	$0
KONSTANTINE GUS ANGELO	DIRECTOR	1.00	Director	$0	$0	$0
JOHN GROSSOMANIDES	DIRECTOR	1.00	Director	$0	$0	$0
CHARRIE REGOPOULOS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MILLER	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	$360,971	$312,822	$1,001,665	$48,149
2024	$296,503	$375,619	$1,109,496	$-79,116
2023	$198,022	$329,250	$1,211,867	$-131,228
2022	$192,553	$291,714	$1,232,839	$-99,161
2021	$198,207	$255,660	$1,264,208	$-57,453
2020	$193,937	$230,095	$1,319,217	$-36,158

AHEPA 23-III INC