KMH HOMES INC

EIN: 161387890 501(c)(3) Community Improvement

BUFFALO, NY

Total Revenue
$823,476
Total Expenses
$317,350
Total Assets
$6,135,246
Net Assets
$2,367,224
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
NY
Principal Officer
JOYCE MARKIEWICZ
Phone
7168282974
Tax Period
2024-01-01 to 2024-12-31

KMH HOMES INC, founded in 1991, is a small nonprofit in the Community Improvement sector that reported $823K in total revenue in fiscal year 2024. The organization ran a surplus of $506K, a strong 61% operating margin.

Mission

KMH HOMES, INC. WAS ESTABLISHED IN 1991 AS A NOT-FOR PROFIT CORPORATION TO HOLD PROPERTY OPERATED BY KENMORE MERCY HOSPITAL, AN AFFILIATED NOT-FOR-PROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAX AND DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS 160-BED SKILLED NURSING FACILITY AND ISSUE THE RELATED ACQUISITION DEBT USED TO CONSTRUCT THE FACILITY. THE SOLE MEMBER OF KMH HOMES, INC. AND KENMORE MERCY HOSPITAL IS CATHOLIC HEALTH SYSTEM INC., A NOT-FOR-PROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAX AND DESCRIBED IN SECTION 501(C)(3)OF THE INTERNAL REVENUE CODE LOCATED IN BUFFALO, NY. KMH HOMES, INC. ADHERES TO AND IS GOVERNED BY THE ETHICAL AND RELIGIOUS DIRECTIVES FOR CATHOLIC HEALTH SYSTEM, INC. ADOPTED BY THE UNITED STATES CONFERENCE OF CATHOLIC BISHOPS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $823,476
Investment Income $0
Other Revenue $0
TOTAL REVENUE $823,476

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $317,350
Other Expenses $317,350
TOTAL EXPENSES $317,350

Year-over-Year Comparison

2024 2023 Change
Revenue $823,476 $823,476 N/A
Expenses $317,350 $519,148 -0.4%
Net Income $506,126 $304,328 +0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
2
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$4,265,022
Total Directors
5
$5,450,143
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK SULLIVAN SECRETARY/DIRECTOR 1.00
Officer Director
$0 $13,203 $1,864,539
WALT LUDWIG PRESIDENT/DIRECTOR 1.00
Officer Director
$0 $58,002 $488,283
DAVID MACHOLZ DIRECTOR 1.00
Director
$0 $29,130 $898,011
RUSSELL EDWARDS DIRECTOR 1.00
Director
$0 $11,913 $287,110
JOYCE MARKIEWCIZ SECRETARY/DIRECTOR (9/23) 1.00
Officer Director
$0 $60,318 $1,912,200
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $823,476 $317,350 $6,135,246 $506,126
2023 $823,476 $519,148 $6,407,131 $304,328
2022 $823,476 $545,021 $6,833,576 $278,455
2021 $823,476 $590,525 $7,219,246 $232,951
2020 $823,476 $618,826 $7,697,775 $204,650
2019 $823,476 $644,020 $8,281,074 $179,456
2018 $823,476 $387,551 $9,816,544 $435,925
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