Philotimo Housing Development Urban Renewal Corporation (EIN 815197816) - Form 990 Financial Analysis & Trantor Score

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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

2017

Legal Domicile

Principal Officer

THEODORE KAIDAS

Phone

7328264466

Tax Period

2022-01-01 to 2022-12-31

Philotimo Housing Development Urban Renewal Corporation, founded in 2017, is a micro nonprofit in the Housing & Shelter sector that reported $9K in total revenue in fiscal year 2022. Revenue fell 87% from the prior year — a significant decline worth monitoring. Expenses of $38K exceeded revenue, resulting in a 297% operating deficit.

Mission

to develop and operate housing for the elderly within the christian orthodox community and to provide associated recreational, religious and healthcare services

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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 (2022)

Revenue Breakdown

Contributions & Grants $9,143

Program Service Revenue $0

Investment Income $309

Other Revenue $0

TOTAL REVENUE $9,452

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $37,521

TOTAL EXPENSES $37,521

Year-over-Year Comparison

	2022	2021	Change
Revenue	$9,452	$75,229	-0.9%
Expenses	$37,521	$23,441	+0.6%
Net Income	$-28,069	$51,788	-1.5%

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
Spriro Kalambakas	President	5.0	Officer Director	$0	$0	$0
Theodore Kaidas	Treasurer	5.0	Officer Director	$0	$0	$0
George Koutsoubis	Vice President	5.0	Officer Director	$0	$0	$0
Helen Horan	Secretary	5.0	Officer Director	$0	$0	$0
Stella Wacker thru 542022	Secretary	5.0	Officer Director	$0	$0	$0
Eric Andreadis thru 592022	BOARD MEMBER	1.0	Director	$0	$0	$0
Kenneth Doukas	BOARD MEMBER	1.0	Director	$0	$0	$0
Dennis Krousos thru 562022	BOARD MEMBER	1.0	Director	$0	$0	$0
Demosthenis Simatos	BOARD MEMBER	1.0	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
2022	$9,452	$37,521	$1,247,508	$-28,069
2021	$75,229	$23,441	$1,260,851	$51,788
2020	$74,367	$29,669	$1,223,888	$44,698

Philotimo Housing Development Urban Renewal Corporation