Form 990 for tax year 2024

Filed by HELLENIC AMERICAN CARE FOUNDATION INC.

Totals

Total revenue: $725,326
Total expenses: $791,815
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $721,224
Investment income: $4,102
Other revenue: $0
Total assets, end of year: $6,755,382
Total liabilities, end of year: $9,098,303
Net assets or fund balances, end of year: -$2,342,921
Program services expenses (Part IX): not reported
Management and general expenses: not reported
Fundraising expenses: not reported
Program service expenses (Part III): $0

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

2a · Program service revenue: RENT - RELATED PARTY

total $721,224 · related or exempt $721,224
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $4,102 · excluded $4,102
6c · Rental income or loss

real property $0 · personal property $0
7c · Gain or loss

securities $0 · other assets $0
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

11b · Fees: legal

total $6,434
11c · Fees: accounting

total $11,499
11g · Fees: other

total $0
20 · Interest

total $349,015
22 · Depreciation, depletion and amortization

total $335,892
23 · Insurance

total $37,137
24a · Other expenses: MIP EXPENSE

total $50,638
24b · Other expenses: MISC EXPENSE

total $1,200
24e · All other expenses

total $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $147,989 · end of year $131,412
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $17,113 · end of year $22,349
10a · Land, buildings and equipment: cost or other basis

$15,248,733
10b · Land, buildings and equipment: accumulated depreciation

$9,381,834
10c · Land, buildings and equipment, net

beginning of year $6,181,439 · end of year $5,866,899
12 · Investments: other securities

beginning of year $0
13 · Investments: program-related

beginning of year $0
15 · Other assets

beginning of year $679,073 · end of year $734,722
17 · Accounts payable and accrued expenses

beginning of year $13,000 · end of year $0
22 · Loans and payables to officers and key people

end of year $0
23 · Secured mortgages and notes payable

beginning of year $9,259,794 · end of year $9,069,603
25 · Other liabilities

beginning of year $29,252 · end of year $28,700
27 · Net assets without donor restrictions

beginning of year -$2,276,432 · end of year -$2,342,921

Mission and programs · 2024

Mission

HELLENIC AMERICAN CARE FOUNDATION OWNS THE PROPERTY AND LEASES IT TO GREEK AMERICAN REHABILITATION AND CARE CENTER.

HELLENIC AMERICAN CARE FOUNDATION OWNS A 188-UNIT REHABILITATION FACILITY IN WHEELING, ILLINOIS ON BEHALF OF GREEK AMERICAN REHABILITATION AND CARE CENTER (GARCC), A TAX-EXEMPT ORGANIZATION. THE FOUNDATION LEASES THE OPERATIONS OF ITS FACILITY TO GARCC.

As filed on the 2024 return.

Listed in Part VII

Effie LaliosEFFIE LALIOS

CHIEF FINANCIAL OFFICER

Total calculated

$109,493

From this org

$0

From related orgs

$92,653

Other

$16,840

Hours/week

2 + 38 related
Eleni BousisELENI BOUSIS

BOARD CHAIR

Total calculated

$0

Hours/week

2 + 4.1 related
Maria Harduvel-BoyleMARIA HARDUVEL-BOYLE

ASSISTANT SECRETARY THRU 09/2024

Total calculated

$0

Hours/week

2 + 5.1 related
Paula A Tolan-Francis JDPAULA A TOLAN-FRANCIS JD

SECRETARY

Total calculated

$81,589

From this org

$0

From related orgs

$74,939

Other

$6,650

Hours/week

2 + 38 related
Peter G Karahalios JDPETER G KARAHALIOS JD

PRESIDENT

Total calculated

$0

Hours/week

2 + 4.1 related
Peter KopsaftisPETER KOPSAFTIS

TREASURER

Total calculated

$0

Hours/week

2 + 4.1 related
Athena Kampas JDATHENA KAMPAS JD

DIRECTOR - THRU 09/2024

Total calculated

$0

Hours/week

2 + 4.1 related
Dean S ArgirisDEAN S ARGIRIS

DIRECTOR THRU 09/2024

Total calculated

$0

Hours/week

2 + 4.1 related
Denise ManiatisDENISE MANIATIS

DIRECTOR - THRU 09/2024

Total calculated

$0

Hours/week

2 + 4.1 related
George Reveliotis JDGEORGE REVELIOTIS JD

DIRECTOR - THRU 09/2024

Total calculated

$0

Hours/week

2 + 4.1 related
Georgette Gigi PappasGEORGETTE GIGI PAPPAS

DIRECTOR - THRU 09/2024

Total calculated

$0

Hours/week

2 + 4.1 related
James G RomasJAMES G ROMAS

DIRECTOR -THRU 09/2024

Total calculated

$0

Hours/week

2 + 4.1 related
Magdalena Vervilos JDMAGDALENA VERVILOS JD

DIRECTOR - THRU 09/2024

Total calculated

$0

Hours/week

2 + 4.1 related
Nicholas A Lalios DpmNICHOLAS A LALIOS DPM

DIRECTOR - THRU 09/2024

Total calculated

$0

Hours/week

2 + 4.1 related
Teddi S GalanisTEDDI S GALANIS

DIRECTOR - THRU 09/2024

Total calculated

$0

Hours/week

2 + 4.1 related
Theresa TzakisTHERESA TZAKIS

DIRECTOR - THRU 09/2024

Total calculated

$0

Hours/week

2 + 4.1 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

GREEK AMERICAN REHAB & CARE CENTER

501(c)(3) · NURSING HOME · IL

Directly controlled by NA
GEORGE & ANGELA PATERAKIS CENTER

501(c)(2) · FACILITIES SUPPORT · IL · controlled entity

Directly controlled by GREEK AMERICAN HEALTH SERVICES FOUNDATION
COMPASSIONATE LOVE DAY CARE CENTER

501(c)(3) · CHILD CARE · IL · controlled entity

Directly controlled by GREEK AMREICAN HEALTH SERVICES FOUNDATION
GREEK AMERICAN HEALTH SERVICES FOUNDATION

501(c)(3) · FACILITIES SUPPORT · IL

Directly controlled by NA

Provenance

Return type: form_990
Tax year: 2024
Filed: 13 April 2026
IRS schema version: 2024v5.1
Source object: 202601039349301795

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.