George a and Angela G Paterakis Center Ltd

Nonprofit profile at a glance

EIN
474050597
IRS 990 coverage
2016–2024
Forms available
Form 990 2024
Location
Wheeling, IL, USA
Phone
8474997150
Rating confidence
Limited
Sector
Senior Citizens' Housing/Retirement Communities

Reported finances

Revenue
$17,334
Expenses
$185,513
Assets
$1,042,767
Liabilities
$732,065

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • PETER G KARAHALIOS JD (BOARD PRESIDENT)

Highest reported compensation

  • EFFIE LALIOS (GARCC - CHIEF FINANCIAL OFFICER): $109,493 total reported compensation
  • PAULA A TOLAN-FRANCIS JD (BOARD SECRETARY): $81,589 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Facilities support for the greek american rehabilitation & care center. Greek american rehabilitation and care center is a not-for-profit state-of-the-art facility located in the northwest suburbs of chicago, Illinois offering short term rehabilitation and long term care, vacation/respite care, hospice and memory care, with love, respect, honor and dignity.

What it reported doing in 2024

The paterakis center fucntions as a title-holding organization for greek american health services foundation (EIN: 83-1048507) which maintains the primary purpose of providing rehabilitation and long-term care services to the greater community. The relationship provides for continuing financial support as well as shared administration coupled with utilization of shared officers, directors and trustees.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 91
  • Accountability: 65
  • Sustainability: 20
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 18th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 22nd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -970.2%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 5.62; rating input score 51; 51st percentile among comparable filings
  • Liabilities to assets ratio: 0.7; rating input score 9; 9th percentile among comparable filings
  • Officer compensation ratio: 12.7%; rating input score 15; 15th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 17.8% per year; rating input score 100; 93rd percentile among comparable filings
  • Asset growth: -6.6% per year; rating input score 0; 18th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 2 of 3 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $109K · 4 people listed
  • Consistency: 13 of 14 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 9 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 4 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Sustainability: Operating margin scored 5/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 51/100.
  • High — Sustainability: Liabilities to assets ratio scored 9/100.
  • High — Sustainability: Officer compensation ratio scored 15/100.