Form 990 for tax year 2023
Filed by HELLENIC AMERICAN CARE FOUNDATION INC.
Totals
- Total revenue
- $737,877
- Total expenses
- $774,560
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $734,693
- Investment income
- $3,184
- Other revenue
- $0
- Total assets, end of year
- $7,025,614
- Total liabilities, end of year
- $9,302,046
- Net assets or fund balances, end of year
- -$2,276,432
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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: RENTAL REVENUE
total $734,693 · related or exempt $734,693
-
3 · Investment income
total $3,184 · excluded $3,184
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $11,830
-
11c · Fees: accounting
total $16,500
-
20 · Interest
total $356,080
-
22 · Depreciation, depletion and amortization
total $333,966
-
24a · Other expenses: MIP EXPENSE
total $51,676
-
24b · Other expenses: DUES & SUBSCRIPTIONS
total $4,508
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $130,893 · end of year $147,989
-
9 · Prepaid expenses and deferred charges
beginning of year $17,450 · end of year $17,113
-
10a · Land, buildings and equipment: cost or other basis
$15,227,381
-
10b · Land, buildings and equipment: accumulated depreciation
$9,045,942
-
10c · Land, buildings and equipment, net
beginning of year $6,495,903 · end of year $6,181,439
-
15 · Other assets
beginning of year $588,730 · end of year $679,073
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $13,000
-
23 · Secured mortgages and notes payable
beginning of year $9,442,892 · end of year $9,259,794
-
25 · Other liabilities
beginning of year $29,833 · end of year $29,252
-
27 · Net assets without donor restrictions
beginning of year -$2,239,749 · end of year -$2,276,432
Mission and programs · 2023
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 2023 return.
Listed in Part VII
-
Paula A Tolan-Francis JDPAULA A TOLAN-FRANCIS JD
SECRETARY
- Total calculated
- $68,651
- From this org
- $0
- From related orgs
- $62,001
- Other
- $6,650
- Hours/week
- 2 + 38 related
-
Eleni BousisELENI BOUSIS
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 2 + 4.1 related
-
Peter G Karahalios JDPETER G KARAHALIOS JD
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2 + 38 related
-
Peter KopsaftisPETER KOPSAFTIS
TREASURER
- Total calculated
- $0
- Hours/week
- 2 + 4.1 related
-
Maria Harduvel-BoyleMARIA HARDUVEL-BOYLE
ASSISTANT SECRETARY
- Total calculated
- $0
- Hours/week
- 2 + 5.1 related
-
Robert S Fakhouri JDROBERT S FAKHOURI JD
DIRECTOR - THRU 01/2024
- Total calculated
- $0
- Hours/week
- 2 + 4.1 related
-
Teddi GalanisTEDDI GALANIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 4.1 related
-
Athena Kampas JDATHENA KAMPAS JD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 4.1 related
-
Nicholas A Lalios DpmNICHOLAS A LALIOS DPM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 4.1 related
-
Denise ManiatisDENISE MANIATIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 4.1 related
-
Georgette Gigi PappasGEORGETTE GIGI PAPPAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 4.1 related
-
George Revelotis JDGEORGE REVELOTIS JD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 4.1 related
-
James G RomasJAMES G ROMAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 4.1 related
-
Theresa TzakisTHERESA TZAKIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 4.1 related
-
Magdalena Vervilos JDMAGDALENA VERVILOS JD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 4.1 related
-
Effie LaliosEFFIE LALIOS
GARCC - CHIEF FINANCIAL OF
- Total calculated
- $119,895
- From this org
- $0
- From related orgs
- $103,055
- Other
- $16,840
- 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.
-
GREEK AMERICAN REHAB & CARE CENTER
501(C)(3) · NURSING HOME · IL
-
GEORGE & ANGELA PATERAKIS CENTER
501(C)(2) · FACILITIES SUPPORT · IL · controlled entity
Directly controlled by GREEK AMERICAN HEALTH SERVICES FOUNDATION
-
501(C)(3) · CHILD CARE · IL · controlled entity
Directly controlled by GREEK AMERICAN HEALTH SERVICES FOUNDATION
-
GREEK AMERICAN HEALTH SERVICES FOUNDATION
501(C)(3) · FACILITIES SUPPORT · IL
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202531059349300448
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.