KONIS AFC HOME INC

EIN: 352281083 501(c)(3) Housing & Shelter

PONTIAC, MI

Total Revenue
$254,366
Total Expenses
$251,932
Total Assets
$15,971
Net Assets
$8
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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
2006
Legal Domicile
MI
Principal Officer
Dereje Retta
Phone
2484966904
Tax Period
2024-01-01 to 2024-12-31

KONIS AFC HOME INC, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $254K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum.

Mission

ADULT FOSTER CARE FOR THE DISABLED PERSONS

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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 $254,366
Investment Income $0
Other Revenue $0
TOTAL REVENUE $254,366

Expense Breakdown

Grants Paid $0
Salaries & Benefits $166,816
Fundraising Expenses $0
Program Expenses $251,932
Other Expenses $85,116
TOTAL EXPENSES $251,932

Year-over-Year Comparison

2024 2023 Change
Revenue $254,366 $199,636 +0.3%
Expenses $251,932 $182,981 +0.4%
Net Income $2,434 $16,655 -0.9%
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

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Governance

Voting Members
4
Independent Members
4
Employees
6
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
2
$119,000
Total Directors
4
$119,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROZA TESFAYE PRES DIRECTOR 040.00
Officer Director
$59,500 $0 $59,500
DEREJE RETTA VP DIRECTOR 040.00
Officer Director
$59,500 $0 $59,500
ELIZABETH AMENE DIRECTOR 001.00
Director
$0 $0 $0
HADDISH MEHARI DIRECTOR 001.00
Director
$0 $0 $0
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 $254,366 $251,932 $15,971 $2,434
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