Overview
What is Kmh Homes Inc?
Kmh Homes Inc, established in 1991, is a nonprofit corporation based in Buffalo, New York. Its primary role is to hold property operated by Kenmore Mercy Hospital, an affiliated not-for-profit organization exempt from federal income tax. The property in question is a 160-bed skilled nursing facility, constructed with the help of debt issued by Kmh Homes Inc. Catholic Health System Inc., another not-for-profit organization, serves as the sole member of both Kmh Homes Inc and Kenmore Mercy Hospital. The corporation adheres to the ethical and religious directives for Catholic Health System Inc. and primarily serves a Medicaid and Medicare population. Kmh Homes Inc leases the property to Kenmore Mercy Hospital, with lease payments mainly covering debt retirement and administrative expenses. The organization's mission is dedicated to providing long-term health care for the elderly and supporting the health-related ministries of Catholic Health System Inc. by owning, leasing, and maintaining real estate.
Official website here: www.chsbuffalo.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Kmh Homes Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in various areas. The organization scored 66% overall, reflecting concerns primarily around the board's independence and size, as there are no independent board members currently serving. However, it does excel in aspects like financial statements oversight and has robust policies for conflicts of interest and whistleblowing.
The nonprofit demonstrates strong financial management with a program expense ratio of 100%, meaning all resources are allocated to its programs. Notably, it has no material diversion of assets, indicating that funds are being used appropriately. Nevertheless, the high liabilities to assets ratio at 77.20% raises questions about financial stability, suggesting that the organization may be operating with a high level of debt.
Another area for improvement includes the absence of the tax form on its website, which can hinder transparency. While Kmh Homes Inc has implemented several good practices, the lack of independent oversight and transparency in financial reporting could impact donor confidence and the organization’s overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Kmh Homes Inc legitimate?
Kmh Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kmh Homes Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.chsbuffalo.org
What is the mission statement of Kmh Homes Inc?
Kmh Homes Inc, established in 1991, was created as a not-for-profit corporation to hold property and issue related debt, primarily used for constructing a skilled nursing facility operated by Kenmore Mercy Hospital. The sole member of Kmh Homes Inc is Catholic Health System Inc., a 501(c)(3) organization. The corporation adheres to and is governed by the ethical and religious directives of Catholic Health System Inc. Kmh Homes Inc's primary focus is to provide long-term health care for the elderly, and it supports and enhances the efficiency of the health-related ministries of Catholic Health System Inc. The skilled nursing facility, owned and maintained by Kmh Homes Inc, predominantly serves a Medicaid and Medicare population, with lease payments covering debt retirement and administrative expenses.
Official website here: www.chsbuffalo.org
Who is the CEO of Kmh Homes Inc?
Joyce Markiewicz is the Principal Officer of Kmh Homes Inc.
Official website here: www.chsbuffalo.org
What is the revenue of Kmh Homes Inc?
Kmh Homes Inc's revenue in 2022 was $823,476.
Official website here: www.chsbuffalo.org
Who are the executives of Kmh Homes Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $1,314,161
- Other: $25,888
- Compensation: $0
- Related: $351,681
- Other: $49,177
- Compensation: $0
- Related: $624,031
- Other: $15,718
- Compensation: $0
- Related: $222,888
- Other: $469
Official website here: www.chsbuffalo.org
Where can I find the form 990 for Kmh Homes Inc?
Kmh Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chsbuffalo.org
Learn more at the official website: www.chsbuffalo.org
Mission Statement of Kmh Homes Inc
KMH Homes Inc, established in 1991, is a not-for-profit corporation with a mission to support a skilled nursing facility operated by Kenmore Mercy Hospital. The organization was founded to hold property and issue related acquisition debt, utilized for constructing the facility. The primary purpose of KMH Homes Inc is to provide long-term healthcare services for the elderly, aligning with the charitable objectives of the Catholic Health System Inc. The organization adheres to the ethical and religious directives set by the United States Conference of Catholic Bishops, governing its operations. KMH Homes Inc leases the property to Kenmore Mercy Hospital, with lease payments primarily covering debt retirement and administrative expenses. The facility primarily serves a Medicaid and Medicare population, working in tandem with the health-related ministries of Catholic Health System Inc to enhance efficiency.
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Impact
October, 2024
Kmh Homes Inc plays a crucial role in the healthcare landscape of Buffalo, NY, primarily through its ownership and management of a 160-bed skilled nursing facility associated with Kenmore Mercy Hospital. Established in 1991, this entity focuses on providing long-term health care for the elderly, specifically serving a population that relies heavily on Medicaid and Medicare.
By holding the property and facilitating the acquisition of construction debt, Kmh Homes Inc ensures the availability of essential healthcare services, enhancing the efficiency of Catholic Health System's health-related ministries. The organization operates under stringent ethical guidelines, guaranteeing that its services align with the principles of compassionate care and community support.
Kmh Homes Inc not only addresses immediate healthcare needs but also supports the broader community by contributing to the long-term well-being of its residents. Through its operations, it fosters a commitment to providing quality, accessible healthcare for some of the most vulnerable members of the community.
This information is meant to be a general summary of Kmh Homes Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $823,476
- Gross Receipts: $823,476
Assets and Liabilities:
- Total Assets: $6,833,576
- Total Liabilities: $5,276,807
- Net Assets: $1,556,769
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL
Revenue
$823,476
Organization Details
Founding Year
1991
Phone
(716) 828-2974Principal Officer
Joyce Markiewicz
Main Address
144 GENESEE STREET, BUFFALO, NY, 14203
Website
www.chsbuffalo.orgNTEE Category
Code: S47 - Community improvement
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