GREEK ORTHODOX HOUSING CORPORATION (EIN 943297476) - 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

2001

Legal Domicile

Principal Officer

MAKIS STATHOPOULOS

Phone

9167830330

Tax Period

2024-01-01 to 2024-12-31

GREEK ORTHODOX HOUSING CORPORATION, founded in 2001, is a small nonprofit in the Human Services sector that reported $222K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $205K, a strong 92% operating margin.

Mission

TO PLAN, DEVELOP, CONSTRUCT, FINANCE AND OPERATE MULTIFAMILY AND SENIOR HOUSING COMPLEXES; TO IDENTIFY AND PROMOTE POSITIVE RELATIONSHIPS AND INTERACTIONS AMONG THE GREEK ORTHODOX COMMUNITY, RESIDENTS OF THE HOUSING COMPLEXES, AND ETHNIC GROUPS IN SOCIETY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $221,887

Investment Income $0

Other Revenue $379

TOTAL REVENUE $222,266

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,500

Fundraising Expenses $0

Program Expenses $11,147

Other Expenses $14,909

TOTAL EXPENSES $17,409

Year-over-Year Comparison

	2024	2023	Change
Revenue	$222,266	$174,224	+0.3%
Expenses	$17,409	$119,473	-0.9%
Net Income	$204,857	$54,751	+2.7%

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

N/A

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

$2,500

Total Directors

$2,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOS EMMANUEL	DIRECTOR	1.00	Officer Director	$0	$0	$0
DEBBIE HIGH	SECRETARY	1.00	Officer Director	$0	$0	$0
MAKIS STATHOPOULOS	CHIEF EXECUTIVE OFFICER	1.00	Officer Director	$1,500	$0	$1,500
STEVE SACOOLAS	DIRECTOR	1.00	Officer Director	$1,000	$0	$1,000

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
2024	$222,266	$17,409	$2,092,603	$204,857
2023	$174,224	$119,473	$38,095	$54,751
2022	$164,606	$26,707	$947,979	$137,899
2021	$153,230	$25,964	$810,080	$127,266
2020	$175,770	$20,883	$682,814	$154,887
2019	$166,832	$35,204	$527,927	$131,628
2018	$177,825	$52,538	$396,299	$125,287

GREEK ORTHODOX HOUSING CORPORATION