Kmh Homes Inc
Nonprofit profile at a glance
- EIN
- 161387890
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024
- Location
- Buffalo, NY, USA
- Phone
- 7168282974
- Rating
- 62
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Real Estate Associations
- Affiliation
- Christianity
Reported finances
- Revenue
- $823,476
- Expenses
- $317,350
- Assets
- $6,135,246
- Liabilities
- $3,768,022
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- WALT LUDWIG (PRESIDENT/DIRECTOR)
Highest reported compensation
- JOYCE MARKIEWCIZ (SECRETARY/DIRECTOR (9/23)): $1,912,200 total reported compensation
- MARK SULLIVAN (SECRETARY/DIRECTOR): $1,864,539 total reported compensation
- DAVID MACHOLZ (DIRECTOR): $898,011 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 55
- Transparency & Controls: 93
- Accountability: 32
- Sustainability: 75
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 38.5%; rating input score 39
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 6 of 6 controls in place; rating input score 100
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 5th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 61.5%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 19.33; rating input score 96; 96th percentile among comparable filings
- Liabilities to assets ratio: 0.61; rating input score 13; 13th percentile among comparable filings
- Officer compensation ratio: 54.4%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: -2.3% per year; rating input score 0; 12th percentile among comparable filings
- Revenue growth: 1.8% per year; rating input score 100; 23rd percentile among comparable filings
- Asset growth: -2.4% per year; rating input score 0; 11th percentile among comparable filings
Details
- Where the money goes: 38.5% of revenue deployed · 100% of spending went to programs
- Governance: 0 of 2 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $317K in reported program spending
- Leadership: top reported pay $1.9M · 5 people listed · 6 of 6 pay-setting controls reported
- Consistency: 15 of 15 current checks pass
- Schedules: 6 filed schedules · includes executive pay
- Filing history: 10 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 39/100.
- High — Accountability: Independent voting board scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 2/100.
- High — Sustainability: Liabilities to assets ratio scored 13/100.