Civic Intelligence

Greektown Preservation Society

EIN 20-3221715 • 501(c)3 • Detroit, MI

Profile

Preservation of greektown district

541 Monroe StreetDetroit, MI 48226

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

20th percentile

0.01x

Higher debt load relative to assets than 20% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

49th percentile

0.15x

Higher debt load relative to revenue than 49% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

3rd percentile

-98%

Higher net margin than 3% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

45th percentile

$116,970

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 19.7% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

20th percentile

-4.8%

Faster asset growth than 20% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

1st percentile

-94%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets20th percentile

Assets

Down

$9,772,848

Down $491,595 (-4.8%) from 2023

Liabilities

Up

$86,316

Up $49,818 (+136%) from 2023

Net Assets

Down

$9,686,532

Down $541,413 (-5.3%) from 2023

Operations
Liabilities / Revenue49th percentileNet Margin3rd percentile

Revenue

Down

$593,643

Down $10,044,701 (-94%) from 2023

Expenses

Up

$1,173,597

Up $512,556 (+78%) from 2023

Net Income

Down

-$579,954

Down $10,557,257 (-106%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth20th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2012: $55,361Liabilities 2012: $02012Assets 2013: $54,093Net Assets 2013: $54,0932013Assets 2014: $46,211Net Assets 2014: $46,2112014Assets 2015: $70,086Liabilities 2015: $0Net Assets 2015: $70,0862015Assets 2016: $89,205Liabilities 2016: $6,190Net Assets 2016: $83,0152016Assets 2017: $101,710Liabilities 2017: $12,569Net Assets 2017: $89,1412017Assets 2018: $63,446Liabilities 2018: $1,302Net Assets 2018: $62,1442018Assets 2019: $394,222Liabilities 2019: $29,542Net Assets 2019: $364,6802019Assets 2020: $423,378Liabilities 2020: $5,521Net Assets 2020: $417,8572020Assets 2021: $376,978Liabilities 2021: $6,373Net Assets 2021: $370,6052021Assets 2022: $209,207Liabilities 2022: $6,201Net Assets 2022: $203,0062022Assets 2023: $10,264,443Liabilities 2023: $36,498Net Assets 2023: $10,227,9452023Assets 2024: $9,772,848Liabilities 2024: $86,316Net Assets 2024: $9,686,5322024

Highlighted filing

2024

Assets$9,772,848
Liabilities$86,316
Net Assets$9,686,532
Open 2024 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2012: $79,972Expenses 2012: $95,103Net Income 2012: -$15,1312012Revenue 2013: $88,237Expenses 2013: $89,505Net Income 2013: -$1,2682013Revenue 2014: $90,215Expenses 2014: $98,097Net Income 2014: -$7,8822014Revenue 2015: $205,005Expenses 2015: $181,130Net Income 2015: $23,8752015Revenue 2016: $138,433Expenses 2016: $125,504Net Income 2016: $12,9292016Revenue 2017: $118,809Expenses 2017: $112,683Net Income 2017: $6,1262017Revenue 2018: $507,511Expenses 2018: $534,508Net Income 2018: -$26,9972018Revenue 2019: $583,787Expenses 2019: $264,045Net Income 2019: $319,7422019Revenue 2020: $202,093Expenses 2020: $148,916Net Income 2020: $53,1772020Revenue 2021: $260,795Expenses 2021: $308,047Net Income 2021: -$47,2522021Revenue 2022: $309,819Expenses 2022: $507,918Net Income 2022: -$198,0992022Revenue 2023: $10,638,344Expenses 2023: $661,041Net Income 2023: $9,977,3032023Revenue 2024: $593,643Expenses 2024: $1,173,597Net Income 2024: -$579,9542024

Highlighted filing

2024

Revenue$593,643
Expenses$1,173,597
Net Income-$579,954
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$9,772,848
Liabilities
$86,316
Net assets
$9,686,532
Revenue
$593,643
Expenses
$1,173,597
Net income
-$579,954
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.77$0.09$9.69$0.59$1.17$0.58
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.3$0.04$10.2$10.6$0.66$9.98
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.21$0.01$0.20$0.31$0.51$0.20
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.38$0.01$0.37$0.26$0.31$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.42$0.01$0.42$0.20$0.15$0.05
2019Summary only. Only limited summary data is available for this year.$0.39$0.03$0.36$0.58$0.26$0.32
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.06$0.00$0.06$0.51$0.53$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.10$0.01$0.09$0.12$0.11$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.09$0.01$0.08$0.14$0.13$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$0.21$0.18$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.05$0.05$0.09$0.10$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.05$0.05$0.09$0.09$0.00
2012Summary only. Only limited summary data is available for this year.$0.06$0.00$0.08$0.10$0.02
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2018 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 9, 2019
Return Version
2018v3.1
Gross Receipts
$507,511
Mission and Program Overview

Mission

The greektown neighborhood partnership supports and enhances inclusive and equitable opportunities for growth within the district through community and economic development programs, all while celebrating strong cultural roots.

Preservation of greektown district

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$46,172$46,172→ $0
Cash and Non-Interest-Bearing Accounts$54,538$17,274▼ $37,264
Total Assets$101,710$63,446▼ $38,264
Other Assets Total$1,000--
Liabilities
Accounts Payable and Accrued Expenses$12,569$1,302▼ $11,267
Total Liabilities$12,569$1,302▼ $11,267
Net Assets / Fund Balance
Unrestricted Net Assets$89,141$62,144▼ $26,997
Total Net Assets Fund Balance$89,141$62,144▼ $26,997
Total Liabilities and Net Assets / Fund Balance$101,710$63,446▼ $38,264

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$46,172-$46,172
Compensation and Service Providers
Top Officer Pay45th percentile

Board Members and Trustees

NameTitle
Athina PapasPresident
Anthony PirainoSecretary
Mark MillerTreasurer
Christos MoisidesVice Preside
Taso TeftsisVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$499,909
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$7,602
All Other Contributions
$499,909
Change in Net Assets
$-26,997
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$523,625
Total Fundraising Expense$14,575
Salaries, Compensation, and Employee Benefits$10,883
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$417,346-$14,045$431,391
Advertising$62,132--$62,132
Insurance$8,439$1,902-$10,341
Other Salaries and Wages$9,786--$9,786
Other Expenses$1,300$472-$1,772
Payroll Taxes$1,097--$1,097
Fees for Services Accounting-$1,037-$1,037
All Other Expenses-$1,032-$1,032
Office Expenses-$263$530$793
Occupancy-$246-$246
Total Functional Expenses$511,299$8,634$14,575$534,508
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Greektown Preservation Society
EIN
20-3221715
Address
541 MONROE STREET, DETROIT, MI 48226

Signing Officer

Name
Taso Teftsis
Title
Vice President
Phone
3139629484
Signed
2019-05-09

Organization Details

Principal Officer
Taso Teftsis
Voting Board Members
5
Independent Board Members
5
Employees
1

Preparer

Firm
Vlahantones & Tangalos Pc
Address
43455 SCHOENHERR RD STE 10, STERLING HEIGHTS, MI 48313-1973
Preparer
John P Tangalos
Phone
5863231800
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Bus driver labor 12,023 0 0 landscape services 10,804 0 0 special event expense 0 0 14,045 greektown vision framework 362,680 0 0 janitorial services 6,279 0 0 consulting fees 15,415 0 0 security services 8,861 0 0 payroll service fee 84 0 0 pest control services 1,200 0 0 total 417,346 0 14,045”

Raw XML Appendix317 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/AdvertisingGrp/ProgramServicesAmt062132
IRS990/AdvertisingGrp/TotalAmt062132
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IRS990/BooksInCareOfDetail/PhoneNum03139629484
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01216 BEAUBIEN ST
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IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd048226
IRS990/BusinessRlnWithFamMemInd0false
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IRS990/CashNonInterestBearingGrp/BOYAmt054538
IRS990/CashNonInterestBearingGrp/EOYAmt017274
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0499909
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0523625
IRS990/CYOtherRevenueAmt07602
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-26997
IRS990/CYSalariesCompEmpBnftPaidAmt010883
IRS990/CYTotalExpensesAmt0534508
IRS990/CYTotalFundraisingExpenseAmt014575
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0507511
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0ENHANCEMENT OF LONG-TERM VIABILITY OF THE GREEKTOWN DISTRICT AND ITS HISTORIC BUILDINGS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt01
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IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0511299
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt01037
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IRS990/FeesForServicesOtherGrp/FundraisingAmt014045
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0417346
IRS990/FeesForServicesOtherGrp/TotalAmt0431391
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0TASO TEFTSIS
IRS990/Form990PartVIISectionAGrp/PersonNm1CHRISTOS MOISIDES
IRS990/Form990PartVIISectionAGrp/PersonNm2ANTHONY PIRAINO
IRS990/Form990PartVIISectionAGrp/PersonNm3ATHINA PAPAS
IRS990/Form990PartVIISectionAGrp/PersonNm4MARK MILLER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0507511
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01902
IRS990/InsuranceGrp/ProgramServicesAmt08439
IRS990/InsuranceGrp/TotalAmt010341
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt012
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt046172
IRS990/LandBldgEquipBasisNetGrp/EOYAmt046172
IRS990/LandBldgEquipCostOrOtherBssAmt046172
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PRESERVATION OF GREEKTOWN DISTRICT
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt089141
IRS990/NetAssetsOrFundBalancesEOYAmt062144
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0246
IRS990/OccupancyGrp/TotalAmt0246
IRS990/OfficeExpensesGrp/FundraisingAmt0530
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0263
IRS990/OfficeExpensesGrp/TotalAmt0793
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01000
IRS990/OtherExpensesGrp/Desc0PUBLIC RELATIONS
IRS990/OtherExpensesGrp/Desc1VEHICLE EXPENSES
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3LICENSES AND REGISTRATION
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03682
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1472
IRS990/OtherExpensesGrp/ProgramServicesAmt08199
IRS990/OtherExpensesGrp/ProgramServicesAmt13000
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IRS990/OtherExpensesGrp/TotalAmt23000
IRS990/OtherExpensesGrp/TotalAmt31772
IRS990/OtherRevenueMiscGrp/Desc0REBATE INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt07602
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IRS990/OtherRevenueTotalAmt07602
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt09786
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IRS990/PartialLiquidationInd0false
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0TASO TEFTSIS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/PYOtherExpensesAmt0112683
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IRS990/ReportOtherLiabilitiesInd0false
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IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BUS DRIVER LABOR 12,023 0 0 LANDSCAPE SERVICES 10,804 0 0 SPECIAL EVENT EXPENSE 0 0 14,045 GREEKTOWN VISION FRAMEWORK 362,680 0 0 JANITORIAL SERVICES 6,279 0 0 CONSULTING FEES 15,415 0 0 SECURITY SERVICES 8,861 0 0 PAYROLL SERVICE FEE 84 0 0 PEST CONTROL SERVICES 1,200 0 0 TOTAL 417,346 0 14,045
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
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ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0TASO TEFTSIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03139629484
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GREEKTOWN PRESERVATION SOCIETY
ReturnHeader/Filer/BusinessNameControlTxt0GREE
ReturnHeader/Filer/EIN0203221715
ReturnHeader/Filer/USAddress/AddressLine1Txt0541 MONROE STREET
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt096.66.0.243
ReturnHeader/FilingSecurityInformation/IPDt02019-05-31
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ReturnHeader/FilingSecurityInformation/IPTm009:24:30
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0383082904
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VLAHANTONES & TANGALOS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt043455 SCHOENHERR RD STE 10
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0STERLING HEIGHTS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0483131973
ReturnHeader/PreparerPersonGrp/PhoneNum05863231800
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN P TANGALOS
ReturnHeader/ReturnTs02019-05-31T09:24:30-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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