GREEK ORTHODOX HOUSING CORPORATION

EIN: 943297476 501(c)(3) Human Services

GRANITE BAY, CA

Total Revenue
$222,266
Total Expenses
$17,409
Total Assets
$2,092,603
Net Assets
$683,930
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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
CA
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.

Program Service Accomplishments

Program 1
Expenses: $11,147 Revenue: $222,266

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...

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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 RELIGIOUS, CULTURAL AND ETHNIC GROUPS IN SOCIETY; TO PROMOTE, ESTABLISH AND PROVIDE EDUCATIONAL, CULTURAL, SOCIAL AND OTHER PROGRAMS AND SERVICES IN SUPPORT OF THE HOUSING COMPLEXES AND THE GREEK ORTHODOX 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 $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

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Governance

Voting Members
4
Independent Members
4
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
4
$2,500
Total Directors
4
$2,500
Key Employees
0
$0
Highest Compensated
0
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
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