Greek American Health Services Foundation

Overview

Greek American Health Services Foundation is a nonprofit organization dedicated to supporting and operating facilities and programs that provide healthcare services for the elderly and the sick. The foundation is headquartered in Wheeling, Illinois, and works as a holding company overseeing several tax-exempt organizations, including the Greek American Rehabilitation and Care Centre, Hellenic American Care, Compassionate Love Day Care, and the George and Angela Paterakis Center.

Mission Statement

The mission of Greek American Health Services Foundation is to facilitate and support the operation of healthcare facilities and programs offering a range of services such as nursing, rehabilitation, medical, surgical, and daycare. They aim to serve these individuals with love, respect, honor, and dignity, ensuring they receive necessary support for recovery and ongoing care.

Financials and Operations

In recent years, the foundation has reported revenues ranging from approximately $258,784 to $775,000, depending on the fiscal year. Contributions and program services are significant sources of revenue, with contributions making up about 54.8% of total revenue in some years. Expenses primarily include salaries and wages, which account for approximately 55.8% of total expenses.

Legitimacy and Transparency

Greek American Health Services Foundation is a legitimate 501(c)(3) organization. It submits Form 990 annually, ensuring transparency and compliance with regulatory requirements. Donations to this organization are tax deductible.

Impact

The foundation significantly enhances the well-being of the aging and sick population by providing essential health services. Through its affiliated organizations, it addresses diverse health needs with compassion and professionalism, playing a crucial role in improving the quality of life for its clients.