Overview
What is Koinonia Homes Inc?
Koinonia Homes Inc, established in 1974, is a 501(c)(3) organization based in Independence, Ohio, with a workforce of over 550 employees. Founded by community leaders dedicated to serving those with developmental disabilities, Koinonia has spent over four decades delivering person-centered care. Their mission is to create enriching, healthy, and fulfilling lives for those they serve. Koinonia provides residential group homes, adult day support, and employment services, reaching over 500 individuals annually. Their commitment to excellence has positioned Koinonia as a leading industry figure in Greater Cleveland, earning them numerous accolades and recognitions.
Official website here: www.koinoniahomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Koinonia Homes Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization demonstrates a high level of transparency and effective governance, as evidenced by its fully independent board and robust financial oversight measures. These attributes contribute to a solid foundation for trust among donors and stakeholders.
The financial metrics further bolster Koinonia Homes Inc's reputation, with a program expense ratio of 84.67%, indicating that a significant portion of its resources is directed toward its mission-driven programs. The organization has also maintained a favorable liabilities to assets ratio of 46.17%, showcasing its financial health and sustainability.
While the data highlights several strengths, it is essential for potential donors to consider the impact of the organization’s programs and outcomes alongside these financial indicators. Overall, Koinonia Homes Inc appears to be well-managed and responsible, making it a viable option for those looking to support a nonprofit with a focus on accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Koinonia Homes Inc legitimate?
Koinonia Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Koinonia 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: $1,021,177
Professional Fundraising Fees: $0
Other Salaries and Wages: $20,817,632
For more financial information, click here
Official website here: www.koinoniahomes.org
What is the mission statement of Koinonia Homes Inc?
Koinonia Homes Inc is a non-profit organization dedicated to helping individuals with developmental disabilities live healthy, fulfilling, and enriched lives. Through its person-centered care approach, the organization provides residential group homes, community-based support, adult day programs, and employment services. Founded in 1974 by compassionate community members, Koinonia Homes has been making a difference for over forty years, currently serving more than 500 people annually with the support of a team of over 550 dedicated staff members. Koinonia Homes' mission is to partner with those who have developmental disabilities, and its achievements have earned it numerous awards and recognitions as an industry leader.
Official website here: www.koinoniahomes.org
Who is the CEO of Koinonia Homes Inc?
Diane Beastrom is the President/Ceo of Koinonia Homes Inc. The CEO's salary of Koinonia Homes Inc is $327,423 and their total compensation is $341,379.
Official website here: www.koinoniahomes.org
What is the revenue of Koinonia Homes Inc?
Koinonia Homes Inc's revenue in 2022 was $34,603,879.
Official website here: www.koinoniahomes.org
Who are the executives of Koinonia Homes Inc and what are their salaries?
The average compensation at Koinonia Homes Inc during 2022 was $32,211. There are 678 employees and 25 volunteers at Koinonia Homes Inc.
Here are 12 key members and their salaries (Koinonia Homes Inc's CEO's salary is $327,423 and their total compensation is $341,379):
- Compensation: $327,423
- Related: $0
- Other: $13,956
- Compensation: $174,918
- Related: $0
- Other: $1,895
- Compensation: $152,498
- Related: $0
- Other: $17,624
- Compensation: $162,338
- Related: $0
- Other: $7,231
- Compensation: $161,948
- Related: $0
- Other: $1,343
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.koinoniahomes.org
Where can I find the form 990 for Koinonia Homes Inc?
Koinonia Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.koinoniahomes.org
Learn more at the official website: www.koinoniahomes.org
Mission Statement of Koinonia Homes Inc
Koinonia Homes Inc, a leading 501 c (3) organization, has been dedicated to partnering with individuals who have developmental disabilities since its inception in 1974. The organization's mission is to help these individuals achieve healthy, fulfilling, and enriched lives.
Through its person-centered care approach, Koinonia Homes provides essential services to over 500 people annually. The team of more than 550 dedicated staff members has been instrumental in making a difference in the lives of those they serve. Koinonia's commitment to excellence has earned it numerous awards and recognitions, solidifying its position as an industry leader in the field of developmental disabilities care.
Koinonia Homes offers a range of services tailored to the unique needs of each individual. These services include residential group homes, community-based homes or apartments, adult day support, and employment services. By offering these comprehensive solutions, Koinonia Homes ensures that every person has access to the resources they need to live their best possible life.
The organization's unwavering dedication to its mission is evident in its long-standing history and the ongoing support it provides to its clients. Koinonia Homes is more than just an organization; it is a community of compassionate individuals who are committed to improving the lives of those with developmental disabilities.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Koinonia Homes Inc significantly impacts the lives of individuals with developmental disabilities by providing essential residential group homes and support services. Located in Independence, Ohio, the organization is dedicated to promoting healthy, fulfilling, and enriched lives for over 500 individuals each year. With a commitment to person-centered care that has been steadfast since its founding in 1974, Koinonia employs more than 550 professionals who are dedicated to empowering those they serve.
The organization's comprehensive services include adult day support and employment services, which not only enhance the quality of life for individuals but also promote their integration into the community. Koinonia Homes stands out as an industry leader in Greater Cleveland, recognized for its excellence and innovative approaches in supporting individuals with developmental disabilities. Through its long-standing efforts, Koinonia fosters personal growth, community involvement, and meaningful engagement, fundamentally transforming the lives of its clients and enhancing the overall fabric of the community.
This information is meant to be a general summary of Koinonia 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.
- Investment Income: $280,408
- Program Service Revenue: $33,776,760
- Gross Receipts: $35,472,545
Assets and Liabilities:
- Total Assets: $30,649,087
- Total Liabilities: $14,151,024
- Net Assets: $16,498,063
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE INCOME
Revenue
$30,680,259
STIMULUS RELIEF GRANT REVENUE
Revenue
$3,096,501
Organization Details
Founding Year
1974
Phone
(216) 588-8777Principal Officer
Diane Beastrom
Main Address
6161 Oak Tree Blvd Suite 400, Independence, OH, 44131
Website
www.koinoniahomes.orgNTEE Category
Code: P73Z - Human services
If you are a representative of Koinonia Homes Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.