Browsing: financial stability

Source: Greek Orthodox Archdiocese of America Report on Status of Archdiocesan Financial Situation By the Grace of God, and under the leadership of His Eminence, Archbishop Demetrios of America, Geron of America, the Greek Orthodox Archdiocese of America (the “Archdiocese”) has completed a demanding restructuring process that advanced the financial stability of the Archdiocese. The Archdiocese is now projected to achieve a balance budget and generate additional funds that will be applied to first retire its financial obligations and then establish a reserve for its future. Comprehensive Actions Taken in Response to Financial Situation Archbishop Demetrios, the Holy Eparchial Synod,…