Hellenic Home for the Aged Inc.
Publicly funded institution · Toronto, Ontario · BN 107476053RR0001 · Organizations Relieving Poverty · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($19,601,091) as filed with the CRA.
Hellenic Home for the Aged Inc. is a charitable organization based in Toronto, Ontario, classified by the CRA under organizations relieving poverty. It appears on the charity register the way hospitals, universities, and other publicly funded bodies do — to issue tax receipts — rather than as a donation-driven charity in the usual sense. In its fiscal year ending December 31, 2024, it reported $22.2M in revenue and $19.6M in expenditures.
Its funding that year was roughly 64% from government. Government funding is the majority of its budget. In 2024, 14 other registered charities reported granting it a combined $101K.
Compared with 427 poverty-relief institutions of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 1% of peers. Its reserves, measured in years of spending on hand, sat in the top decile of the group. The charity reported 131 permanent full-time positions.
Its filed list of directors and trustees shows 13 names.
In its own words
Hellenic home operates two subsidized senior apt. Buildings for low income seniors one long term care and adult day program one senior supportive housing programs designed to promote good health for seniors.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $22.2M | $19.6M | $639K | — | — | $24.7M |
| 2023 | $20.3M | $18.3M | $567K | — | — | $22.8M |
| 2022 | $19M | $16.9M | $15.3M | $559K | — | $21M |
| 2021 | — | $15.2M | $13.9M | $592K | — | $19.3M |
| 2020 | $17.3M | $15.8M | $14.4M | $562K | — | $17.4M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $101K from 14 charities:
- The Canadian Red Cross Society$64K
- United Way of Greater Toronto$12K
- Canadian Online Giving Foundation$8,557
- Canadahelps Canadon$6,529
- Charitable Gift Funds Canada Foundation$3,000
- The Mariano Elia Foundation$2,400
- Hellenic Heritage Fund$1,650
- Strategic Charitable Giving Foundation$803
- Polydor Foundation$650
- American Hellenic Educational Progressive Association-CJ1 Toronto$500
- Vasilios Tsiolis Foundation$500
- United Way of Durham Region$248
- Greek Orthodox Archdiocese of Canada$200
- Ventum Foundation$190
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
- Permanent full-time positions131
- Total compensation, all staff$12.4M
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Alexander Alexakis (1st vice president); Constantine Alexiou (secretary); Basil Carayannis (2nd vice president); John Fanaras (president and chair); Michael Lagopoulos (treasurer); James Karas (director); Steve Mirkopoulos (director); Mike Neroulas (director); Thomas Noitsis (director); Tom Tsiokos (director); Peter Xenias (director); Irene Dotsikas (director-ex-officio); Betty Skoutakis (director-ex-officio).
As listed on its 2024 return.
Check the source
Every figure on this page is from Hellenic Home for the Aged Inc.’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 107476053RR0001), or read how we compute the receipt.