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Nonprofiteer
← K M H HOMES INC

Form 990 for tax year 2024

Filed by K M H HOMES INC.

Totals

Total revenue
$823,476
Total expenses
$317,350
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$823,476
Investment income
$0
Other revenue
$0
Total assets, end of year
$6,135,246
Total liabilities, end of year
$3,768,022
Net assets or fund balances, end of year
$2,367,224
Program services expenses (Part IX)
$317,350
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$317,350

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RENTAL

    total $823,476 · related or exempt $823,476

Functional expenses

Part IX, the statement of functional expenses.

  • 22 · Depreciation, depletion and amortization

    total $295,504 · program services $295,504

  • 23 · Insurance

    total $21,846 · program services $21,846

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $77,402 · end of year $77,401

  • 10a · Land, buildings and equipment: cost or other basis

    $19,397,107

  • 10b · Land, buildings and equipment: accumulated depreciation

    $13,339,262

  • 10c · Land, buildings and equipment, net

    beginning of year $6,329,729 · end of year $6,057,845

  • 25 · Other liabilities

    beginning of year $4,546,033 · end of year $3,768,022

  • 27 · Net assets without donor restrictions

    beginning of year $1,861,098 · end of year $2,367,224

Mission and programs · 2024

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.

Activities or mission (Part I)

KMH HOMES, INC. WAS ESTABLISHED IN 1991 AS A NOT-FOR PROFIT CORPORATION TO HOLD PROPERTY OPERATED BY KENMORE 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.

  • 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.

    Expenses $317,350 · Revenue $823,476

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MARK SULLIVAN

    SECRETARY/DIRECTOR

    Total calculated
    $1,864,539
    From this org
    $0
    From related orgs
    $1,851,336
    Other
    $13,203
    Hours/week
    1 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $23,881 related
    Bonus
    $0 + $437,996 related
    Other
    $0 + $1,389,459 related
    Deferred
    $0 + -$5,091 related
    Nontaxable benefits
    $0 + $18,294 related
    Filer's total
    $0 + $1,864,539 related

  • WALT LUDWIG

    PRESIDENT/DIRECTOR

    Total calculated
    $488,283
    From this org
    $0
    From related orgs
    $430,281
    Other
    $58,002
    Hours/week
    1 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $356,965 related
    Bonus
    $0 + $52,246 related
    Other
    $0 + $21,070 related
    Deferred
    $0 + $40,312 related
    Nontaxable benefits
    $0 + $17,690 related
    Filer's total
    $0 + $488,283 related

  • DAVID MACHOLZ

    DIRECTOR

    Total calculated
    $898,011
    From this org
    $0
    From related orgs
    $868,881
    Other
    $29,130
    Hours/week
    1 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $659,506 related
    Bonus
    $0 + $191,383 related
    Other
    $0 + $17,992 related
    Deferred
    $0 + $11,153 related
    Nontaxable benefits
    $0 + $17,977 related
    Filer's total
    $0 + $898,011 related

  • RUSSELL EDWARDS

    DIRECTOR

    Total calculated
    $287,110
    From this org
    $0
    From related orgs
    $275,197
    Other
    $11,913
    Hours/week
    1 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $240,176 related
    Bonus
    $0 + $34,790 related
    Other
    $0 + $231 related
    Deferred
    $0 + $3,004 related
    Nontaxable benefits
    $0 + $8,909 related
    Filer's total
    $0 + $287,110 related

  • JOYCE MARKIEWCIZ

    SECRETARY/DIRECTOR (9/23)

    Total calculated
    $1,912,200
    From this org
    $0
    From related orgs
    $1,851,882
    Other
    $60,318
    Hours/week
    1 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,167,389 related
    Bonus
    $0 + $328,497 related
    Other
    $0 + $355,996 related
    Deferred
    $0 + $42,024 related
    Nontaxable benefits
    $0 + $18,294 related
    Filer's total
    $0 + $1,912,200 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART 1. LINE 4A
SEVERANGE PATMENTS WERE MADE TO: MARK SULLIVAN: $1,122,099.94
PART II COLUMN C:
THE CHANGE IN PRESENT VALUE SHOWN FOR EACH PARTICIPANT REPRESENTS THE CHANGE IN THE ACTUARIAL VALUE OF THE ACCRUED BENEFIT, WHETHER OR NOT FUNDED, VESTED OR SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE. NOTE THAT THE CHANGE IN PRESENT VALUE IS PARTLY DUE TO CHANGES IN THE DISCOUNT RATE AND, FOR THOSE ACCRUING UNDER THE CASH BALANCE FORMULA, THE ASSUMPTIONS FOR FUTURE CASH BALANCE INTEREST CREDITING RATES AND FACTORS APPLICABLE TO ANNUITY CONVERSIONS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202503189349301825

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