AHEPA 110-III INC

EIN: 753030804 501(c)(3) Science & Technology

NORWICH, CT

Total Revenue
$634,358
Total Expenses
$628,553
Total Assets
$2,659,953
Net Assets
$2,623,025
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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
2002
Legal Domicile
CT
Principal Officer
JOHN GROSSOMANIDES
Phone
8602040379
Tax Period
2024-07-01 to 2025-06-30

AHEPA 110-III INC, founded in 2002, is a small nonprofit in the Science & Technology sector that reported $634K in total revenue in fiscal year 2024. Net assets of $2.6M represent 50 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 $492,775
Investment Income $14,304
Other Revenue $127,279
TOTAL REVENUE $634,358

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $557,479
Other Expenses $628,553
TOTAL EXPENSES $628,553

Year-over-Year Comparison

2024 2023 Change
Revenue $634,358 $603,079 +0.1%
Expenses $628,553 $527,606 +0.2%
Net Income $5,805 $75,473 -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

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
13

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
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN GROSSOMANIDES PRESIDENT 1.00
Officer Director
$0 $0 $0
DEMOCLES ANGELOPOULOUS VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
PANAYOTIS PATSOURIS SECRETARY 1.00
Officer Director
$0 $0 $0
GEORGE MAISTRELIS TREASURER 1.00
Officer Director
$0 $0 $0
TONY PETROS DIRECTOR 1.00
Director
$0 $0 $0
THEODORE DANISKA DIRECTOR 1.00
Director
$0 $0 $0
ANNA-HELENE GROSSOMANIDES DIRECTOR 1.00
Director
$0 $0 $0
CHARLIE CHRISTODLOUS DIRECTOR 1.00
Director
$0 $0 $0
JOHN ZOURZOUKIS DIRECTOR 1.00
Director
$0 $0 $0
CHRISTOS VALKANOS DIRECTOR 1.00
Director
$0 $0 $0
SEAN RYAN DIRECTOR 1.00
Director
$0 $0 $0
PETER J HOMINSKI DIRECTOR 1.00
Director
$0 $0 $0
STAMATIOS LAHANIATIS 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 $634,358 $628,553 $2,659,953 $5,805
2024 $603,079 $527,606 $2,661,120 $75,473
2023 $438,526 $501,797 $2,596,088 $-63,271
2022 $417,798 $524,967 $2,647,292 $-107,169
2021 $411,018 $512,360 $2,751,144 $-101,342
2020 $401,881 $495,750 $2,890,961 $-93,869
2019 $378,510 $476,352 $2,953,762 $-97,842
2018 $358,462 $413,507 $3,048,868 $-55,045
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