Hanac Spiti Management Company Inc
- Assets
- $680.4k
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 56
- Location
- Astoria, NY
- Founding
- 12/2001
- Data as of
- 06/2021
- EIN
- 11-3166843
Organization Overview
Hanac Spiti Management Company Inc is located in Astoria, NY. The organization was established in 2001. According to its NTEE Classification (L02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Hanac Spiti Management Company Inc employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hanac Spiti Management Company Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Hanac Spiti Management Company Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $2.2m during the year ending 06/2021. While expenses have increased by 10.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES ASSISTANCE AND SERVICES TO COMMUNITY GROUPS, INCLUDING THE INITIAL DEVELOPMENT, MANAGEMENT AND MAINTENANCE OF LOW AND MODERATE INCOME HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FORMED FOR THE PURPOSE OF PROPERTY MANAGEMENT AND SECURITY SERVICES FOR OUR SENIOR RESIDENCES AND OTHER HANAC PROGRAMS. ADMINISTERS THE OPERATIONS, RENTAL, MAINTENANCE AND SECURITY OF THE FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacy Bliagos Executive Director | Officer | 8.5 | $40,446 |
Evangeline Douris Chairman | OfficerTrustee | 1 | $0 |
Geroge Mihaltses Secretary | OfficerTrustee | 0.5 | $0 |
Arthur Cheliotes Vice President | OfficerTrustee | 0.25 | $0 |
Nikitas Drakatos President | OfficerTrustee | 0.25 | $0 |
Dennis Yuelys Treasurer | Officer | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,214,088 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,214,088 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $37,107 |
| Compensation of current officers, directors, key employees. | $8,918 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,686,548 |
| Pension plan accruals and contributions | $7,529 |
| Other employee benefits | $293,995 |
| Payroll taxes | $147,395 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,707 |
| Advertising and promotion | $379 |
| Office expenses | $1,788 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $230 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $400 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,212,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,964 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $537,318 |
| Accounts receivable, net | $8,137 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,975 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $680,394 |
| Accounts payable and accrued expenses | $61,818 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $573,875 |
| Total liabilities | $635,693 |
| Net assets without donor restrictions | $44,701 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $680,394 |
Peer Organizations
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|---|---|---|
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Urban Homesteading Assistance U-Hab New York, NY | $22,567,272 | $3,104,949 |
Bethany Community Services Inc Haverhill, MA | $33,080,393 | $11,977,619 |
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St Luke Services Corporation Oswego, NY | $1,164,061 | $2,696,368 |
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