Philotimo Housing Development Urban Renewal Corporation
- Assets
- $249.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Perth Amboy, NJ
- Founding
- 07/2019
- Data as of
- 12/2023
- EIN
- 81-5197816
Organization Overview
Philotimo Housing Development Urban Renewal Corporation is located in Perth Amboy, NJ. The organization was established in 2019. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philotimo Housing Development Urban Renewal Corporation 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 12/2023, Philotimo Housing Development Urban Renewal Corporation generated $25.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.8% each year . All expenses for the organization totaled $11.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO DEVELOP AND OPERATE HOUSING FOR THE ELDERLY WITHIN THE CHRISTIAN ORTHODOX COMMUNITY, AND TO PROVIDE ASSOCIATED SOCIAL, RECREATIONAL, RELIGIOUS, HEALTHCARE, CULTURAL, AND EDUCATIONAL SERVICES FOR THE RESIDENTS OF SUCH HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Spriro Kalambakas President | 5 | $0 | |
Theodore Kaidas Treasurer | 5 | $0 | |
George Koutsoubis Vice President | 5 | $0 | |
Helen Horan Secretary | 5 | $0 | |
Kenneth Doukas Board Member | 1 | $0 | |
Demosthenis Simatos Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,428 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $13,648 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $9,675 |
| Total Revenue | $25,751 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,783 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $5,537 |
| Total expenses | $11,320 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $249,239 |
| Other assets | $0 |
| Total assets | $249,239 |
| Total liabilities | $0 |
| Net assets or fund balances | $249,239 |