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Nonprofiteer
← GREEK AMERICAN HEALTH SERVICES FOUNDATION

Form 990 for tax year 2022

Filed by GREEK AMERICAN HEALTH SERVICES FOUNDATION.

Totals

Total revenue
$775,354
Total expenses
$999,049
Contributions and grants received
$425,230
Grants paid
$0
Program service revenue
$385,183
Investment income
$0
Other revenue
-$35,059
Total assets, end of year
$1,165,628
Total liabilities, end of year
$89,445
Net assets or fund balances, end of year
$1,076,183
Program services expenses (Part IX)
$607,195
Management and general expenses
$386,642
Fundraising expenses
$5,212
Program service expenses (Part III)
$607,195

Program services were 60.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 1c · Fundraising events

    $286,428

  • 1f · All other contributions, gifts and grants

    $138,802

  • 2a · Program service revenue: MANAGEMENT SERVICE FEE

    total $385,183 · related or exempt $385,183

  • 8a · Fundraising events: gross income

    $104,690

  • 8a · Fundraising events: contributions included on line 1c

    $286,428

  • 8b · Fundraising events: direct expenses

    $141,015

  • 8c · Net income from fundraising events

    total -$36,325 · excluded -$36,325

  • 11a · Other revenue: OTHER REVENUE

    total $1,266 · related or exempt $1,266

  • 11e · Other revenue, total

    $1,266

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $557,560 · program services $418,170 · management and general $139,390

  • 9 · Other employee benefits

    total $38,029 · program services $28,522 · management and general $9,507

  • 10 · Payroll taxes

    total $33,711 · program services $25,283 · management and general $8,428

  • 11b · Fees: legal

    total $72,996 · management and general $72,996

  • 11c · Fees: accounting

    total $29,165 · management and general $29,165

  • 11g · Fees: other

    total $27,257 · management and general $27,257

  • 13 · Office expenses

    total $9,702 · management and general $9,702

  • 16 · Occupancy

    total $81,037 · program services $60,778 · management and general $20,259

  • 22 · Depreciation, depletion and amortization

    total $29,299 · program services $21,974 · management and general $7,325

  • 23 · Insurance

    total $48,547 · program services $36,410 · management and general $12,137

  • 24a · Other expenses: BOOKS, SUBSCRIPTIONS

    total $12,545 · program services $9,408 · management and general $3,137

  • 24b · Other expenses: SUPPLIES

    total $8,867 · program services $6,650 · management and general $2,217

  • 24c · Other expenses: APPEAL EXPENSES

    total $2,825 · fundraising $2,825

  • 24d · Other expenses: PRINTING AND POSTAGE

    total $2,387 · fundraising $2,387

  • 24e · All other expenses

    total $45,122 · management and general $45,122

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,204,465 · end of year $207,270

  • 4 · Accounts receivable

    beginning of year $116,270 · end of year $648,425

  • 10a · Land, buildings and equipment: cost or other basis

    $339,231

  • 10b · Land, buildings and equipment: accumulated depreciation

    $29,298

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $309,933

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,857 · end of year $69,445

  • 25 · Other liabilities

    beginning of year $0 · end of year $20,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,299,878 · end of year $1,074,123

  • 28 · Net assets with donor restrictions

    end of year $2,060

Mission and programs · 2022

Mission

TO CONDUCT, SPONSOR, PROMOTE, DEVELOP, OWN AND OPERATE FACILITIES AND PROGRAMS FOR THE AGED AND THE SICK IN NEED OF NURSING, REHABILITATION, MEDICAL, SURGICAL AND DAY CARE.

  • GREEK AMERICAN HEALTH SERVICES FOUNDATION WAS CREATED TO SERVE AS A HOLDING COMPANY FOR RELATED TAX-EXEMPT ORGANIZATIONS: GREEK AMERICAN REHABILITATION AND CARE CENTRE, HELLENIC AMERICAN CARE, COMPASSIONATE LOVE DAY CARE AND GEORGE AND ANGELA PATERAKIS CENTER. THE RELATED TAX-EXEMPT ORGANIZATIONS ARE ACTIVELY INVOLVED IN THE DELIVERY OF HEALTH AND CONTINUING CARE SERVICES TO SERVE THE NEEDS OF THE COMMUNITY WITH LOVE, RESPECT, HONOR AND DIGNITY.

    Expenses $607,195 · Revenue $386,449

As filed on the 2022 return.

Listed in Part VII

  • Paula A Tolan-Francis JD

    SECRETARY

    Total calculated
    $62,315
    From this org
    $55,884
    From related orgs
    $0
    Other
    $6,431
    Hours/week
    2 + 38 related

  • Eleni Bousis

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Peter G Karahalios JD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 38 related

  • Lisa R Palivos MD

    VICE PRESIDENT - THRU 10/2022

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Peter Kopsaftis

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Maria Harduvel-Boyle

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Robert S Fakhouri JD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Teddi Galanis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Athena Kampas

    DIRECTOR - BEG. 2/2023

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Nicholas A Lalios Dpm

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Denise Maniatis

    DIRECTOR - BEG. 10/2022

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Georgette Gigi Pappas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • George Reveliotis JD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • James G Romas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Theresa Tzakis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Magdalena Vervilos JD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Effie Galetsis-Lalios

    CHIEF FINANCIAL OFFICER

    Total calculated
    $139,919
    From this org
    $122,730
    From related orgs
    $0
    Other
    $17,189
    Hours/week
    2 + 38 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.

Provenance

Return type
form_990
Tax year
2022
Filed
14 April 2024
IRS schema version
2022v5.0
Source object
202441069349300629

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