Hanac Spiti Management Company Inc
- Assets
- $1.7m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 69
- Location
- Astoria, NY
- Founding
- 12/2001
- Data as of
- 06/2023
- 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 06/2023, Hanac Spiti Management Company Inc employed 69 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 06/2023, Hanac Spiti Management Company Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $2.1m during the year ending 06/2023. While expenses have increased by 7.5% per year over the past 8 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
2023
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 |
|---|---|---|---|
Arthur Cheliotes Vice President | OfficerTrustee | 0.25 | $0 |
Demetria Tsagaris Member Of The Board | Trustee | 0.25 | $0 |
Evangeline Douris Member Of The Board | Trustee | 0.25 | $0 |
Geroge Mihaltses Chairman | OfficerTrustee | 0.25 | $0 |
Helene O Caloir Secretary | OfficerTrustee | 0.25 | $0 |
Nikitas Drakatos Member Of The Board | Trustee | 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 | $2,140,737 |
| 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 | $2,140,737 |
| 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. | $53,028 |
| Compensation of current officers, directors, key employees. | $12,237 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,539,565 |
| Pension plan accruals and contributions | $46,155 |
| Other employee benefits | $276,098 |
| Payroll taxes | $143,919 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,638 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,404 |
| Advertising and promotion | $946 |
| Office expenses | $2,565 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $65 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,405 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $20,183 |
| Total functional expenses | $2,120,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,262 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,582,710 |
| Accounts receivable, net | $0 |
| 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 | $16,399 |
| 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 | $1,681,371 |
| Accounts payable and accrued expenses | $124,056 |
| 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 | $1,487,434 |
| Total liabilities | $1,611,490 |
| Net assets without donor restrictions | $69,881 |
| 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 | $1,681,371 |