KMH HOMES INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

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 THE PROPERTY AND ISSUE RELATED DEBT, TO FINANCE CONSTRUCTION OF THE PROPERTY USED BY KENMORE MERCY HOSPITAL TO OPERATE A SKILLED NURSING FACILITY. THE SOLE MEMBER OF KMH HOMES, INC. IS CATHOLIC HEALTH SYSTEM,INC. A 501(C)(3)CORPORATION LOCATED IN BUFFALO, NY.

Program Service Accomplishments

Program 1

Expenses: $317,350 Revenue: $823,476

KMH HOMES, INC. WAS ESTABLISHED IN 1991 AS A NOT-FOR PROFIT CORPORATION TO HOLD PROPERTY OPERATED BY KENMOVE MERCY HOSPITAL, AN AFFILIATED NOT-FOR-PROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAX...

KMH HOMES, INC. WAS ESTABLISHED IN 1991 AS A NOT-FOR PROFIT CORPORATION TO HOLD PROPERTY OPERATED BY KENMOVE 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.THE SKILLED NURSING FACILITY, CONSTRUCTED, AND OWNED BY KMH HOMES, INC. PREDOMINATELY SERVESK A MEDICAID AND MEDICARE POPULATION. KMH HOMES, INC. LEASES THE PROPERTY TO KENMORE MERCY HOSPITAL. THE LEASE PAYMENTS ARE GENERALLY SUFFICIENT ONLY TO COVER RETIREMENT OF THE DEBT AND ADMINISTRATIVE EXPENSES OF KMH HOMES, INC.KMH HOMES, INC. HAS BEEN AND IS IRREVOCABLY DEDICATED TO AND OPERATED EXCLUSIVELY FOR CHARITABLE OF PROVIDING LONG-TERM HEALTH CARE FOR THE ELDERLY. KMH HOMES, INC. SUPPORT AND ENHANCES THE EFFICIENCY OF THE HEALTH-RELATED MINISTRIES OF THE CATHOLIC HEALTH SYSTEM, INC. BY OWNING, LEASING, AND MAINTAINING REAL ESTATE.

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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%)

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

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

$4,265,022

Total Directors

$5,450,143

Key Employees

Highest Compensated

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