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Nonprofiteer
← GREEK AMERICAN HEALTH SERVICES FOUNDATION

Form 990 for tax year 2024

Filed by GREEK AMERICAN HEALTH SERVICES FOUNDATION.

Totals

Total revenue
$924,189
Total expenses
$911,522
Contributions and grants received
$681,288
Grants paid
$0
Program service revenue
$332,400
Investment income
$0
Other revenue
-$89,499
Total assets, end of year
$1,427,833
Total liabilities, end of year
$241,816
Net assets or fund balances, end of year
$1,186,017
Program services expenses (Part IX)
$670,601
Management and general expenses
$240,921
Fundraising expenses
$0
Program service expenses (Part III)
$670,601

Program services were 73.6% 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

    $241,211

  • 1f · All other contributions, gifts and grants

    $440,077

  • 1g · Noncash contributions included above

    $16,030

  • 2a · Program service revenue: MANAGEMENT SERVICE FEE

    total $332,400 · related or exempt $332,400

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: gross income

    $138,245

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

    $241,211

  • 8b · Fundraising events: direct expenses

    $241,547

  • 8c · Net income from fundraising events

    total -$103,302 · excluded -$103,302

  • 11a · Other revenue: miscellaneous revenue

    total $13,803 · excluded $13,803

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $13,803

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $465,058 · program services $387,971 · management and general $77,087

  • 9 · Other employee benefits

    total $59,368 · program services $49,527 · management and general $9,841

  • 10 · Payroll taxes

    total $30,812 · program services $25,705 · management and general $5,107

  • 11b · Fees: legal

    total $101,210 · management and general $101,210

  • 11g · Fees: other

    total $14,574 · program services $0 · management and general $14,574 · fundraising $0

  • 13 · Office expenses

    total $13,321 · program services $11,113 · management and general $2,208

  • 16 · Occupancy

    total $857 · program services $715 · management and general $142

  • 22 · Depreciation, depletion and amortization

    total $40,702 · program services $40,702

  • 23 · Insurance

    total $28,733 · program services $23,970 · management and general $4,763

  • 24a · Other expenses: PAYROLL PROCESSING

    total $4,015 · program services $4,015 · management and general $0

  • 24b · Other expenses: BOOKS, SUBSCRIPTIONS

    total $24,017 · program services $20,036 · management and general $3,981

  • 24c · Other expenses: SUPPLIES

    total $3,342 · program services $2,788 · management and general $554

  • 24d · Other expenses: PRINTING AND POSTAGE

    total $2,165 · program services $1,806 · management and general $359

  • 24e · All other expenses

    total $123,348 · program services $102,253 · management and general $21,095 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $27,680 · end of year $378,592

  • 4 · Accounts receivable

    beginning of year $1,037,411 · end of year $740,712

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

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

    $419,231

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

    $110,702

  • 10c · Land, buildings and equipment, net

    beginning of year $349,231 · end of year $308,529

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $120,972 · end of year $121,816

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $120,000 · end of year $120,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,171,290 · end of year $1,155,524

  • 28 · Net assets with donor restrictions

    beginning of year $2,060 · end of year $30,493

Mission and programs · 2024

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.

Activities or mission (Part I)

TO CONDUCT, SPONSOR, PROMOTE, DEVELOP, OWN AND OPERATE FACILITIES AND PROGRAMS FOR THE AGED AND THE SICK IN NEED OF NURSING, REHABILITATION, MECIAL, 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 $670,601 · Revenue $332,400

As filed on the 2024 return.

Listed in Part VII

  • Eleni Bousis

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Maria Harduvel-Boyle

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Paula A Tolan-Francis JD

    SECRETARY

    Total calculated
    $81,589
    From this org
    $74,939
    From related orgs
    $0
    Other
    $6,650
    Hours/week
    2 + 38 related

  • Peter G Karahalios JD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Peter Kopsaftis

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Athena Kampas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Dean S Argiris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Denise Maniatis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • George Reveliotis JD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Georgette Gigi Pappas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • James G Romas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Magdalena Vervilos JD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Nicholas A Lalios Dpm

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Teddi Galanis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Theresa Tzakis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Effie Lalios

    CHIEF FINANCIAL OFFICER

    Total calculated
    $109,493
    From this org
    $92,653
    From related orgs
    $0
    Other
    $16,840
    Hours/week
    2 + 38 related

  • Luda Strus

    BUSINESS OFFICE MANAGER

    Total calculated
    $100,873
    From this org
    $100,873
    From related orgs
    $0
    Other
    $0
    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
2024
Filed
13 April 2026
IRS schema version
2024v5.1
Source object
202611039349301346

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