Home Church & Religion GOA and St. Demetrios of Astoria Approve Financial Oversight Agreement

GOA and St. Demetrios of Astoria Approve Financial Oversight Agreement

ASTORIA, NY —

After extensive discussions and thoughtful consideration, the Greek Orthodox Archdiocese of America [GOA] and the Hellenic Orthodox Community of Astoria St. Demetrios have jointly agreed to implement a new framework of financial oversight designed to strengthen transparency, accountability, and long-term sustainability, a statement issued by GOA late Friday night, October 10, says.

According to the Greek Orthodox Archdiocese, the revised agreement received overwhelming approval in favor of moving forward with this collaborative effort.

Core Principles of the Agreement:

  • This collaboration is focused solely on financial guidance and support.
  • St. Demetrios and its Parish Council will collaborate with the GOA’s expert team to implement a reasonable process that will protect and enhance the assets of the Parish and the school.
  • The day-to-day operations will remain with the Parish Council and its school.
  • There will be no sale of assets as part of this agreement.

As noted in the statement, this collaborative effort reflects a shared commitment to the responsible stewardship of Community resources and the continued growth of the educational and spiritual mission of St. Demetrios.

Both parties are also committed to investing in the St. Demetrios Greek-American School to ensure its strength and vitality for generations to come.

Together, GOA and St. Demetrios reaffirm their dedication to the ongoing vitality of the parish, its schools, and its ministries for the benefit of current and future generations, the statement concludes.

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