Chosen Solution

The iMac powers up and chimes but the screen has these little white rectangles on top of a black pixelated background. Tried to use an external monitor through HDMI but just get “no input detected” on the external monitor.

Here’s how to replace the GPU: iMac Intel 20" EMC 2133 and 2210 Video Card Replacement

You’ll need a new GPU board if you can find it: ATI Radeon HD 2600XT, P/N 661-4672 ATI Radeon HD 2400XT, P/N 661-4673 More likely you’ll find a full logic board these days with the GPU board attached. 20” iMac Alu - Logic Board - 2.4GHz, P/N 661-4674 20” iMac Alu - Logic Board - 2.66GHz, P/N 661-4675