Philotimo Housing Development Urban Renewal Corporation

EIN: 815197816 501(c)(3) Housing & Shelter

Perth Amboy, NJ

Total Revenue
$9,452
Total Expenses
$37,521
Total Assets
$1,247,508
Net Assets
$126,347
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
NJ
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

PHILOTIMO HOUSING DEVELOPMENT CORPORATION IS A NONPROFIT FOCUSED ON DEVELOPING SENIOR CITIZENS' HOUSING IN THE CHRISTIAN ORTHODOX COMMUNITY AND TO PROVIDE THE ASSSOCIATED RECREATIONAL, RELIGIOUS AND HEALTHCARE SERVICES FOR RESIDENTS.

Program Service Accomplishments

Program 1
Expenses: $0

TO DEVELOP AND OPERATE HOUSING FOR THE ELDERLY WITHIN THE CHRISTIAN ORTHODOX COMMUNITY, AND TO PROVIDE ASSOCIATED SOCIAL, RECREATIONAL, RELIGIOUS, HEALTHCARE, CULTURAL, AND EDUCATIONAL SERVICES FOR...

Read more

TO DEVELOP AND OPERATE HOUSING FOR THE ELDERLY WITHIN THE CHRISTIAN ORTHODOX COMMUNITY, AND TO PROVIDE ASSOCIATED SOCIAL, RECREATIONAL, RELIGIOUS, HEALTHCARE, CULTURAL, AND EDUCATIONAL SERVICES FOR THE RESIDENTS OF SUCH HOUSING.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

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
5
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
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
Explore More Nonprofits
→Top 100 Nonprofits in New Jersey →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare Philotimo Housing Development Urban Renewal Corporation with other nonprofits in New Jersey and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.