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Koinonia Inc

Koinonia Apartments

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 561171000 ✦ Lenoir, NC ✦ Designated as a 501(c)(3)

Overview

What is Koinonia Inc?

Koinonia Inc, also known as Koinonia Apartments, is a nonprofit organization situated in Lenoir, North Carolina. Their primary focus is on providing safe, clean, and enjoyable community housing for elderly individuals with low income, in accordance with their regulatory agreement with HUD. Operating an 84-unit apartment complex, Koinonia Inc aims to enhance the living experience of elderly residents in the Lenoir area, ensuring a comfortable and secure environment for them.


Is Koinonia Inc legitimate?

Koinonia Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Koinonia 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $165,798

For more financial information, click here


What is the mission statement of Koinonia Inc?
Who is the CEO of Koinonia Inc?
What is the revenue of Koinonia Inc?
Who are the executives of Koinonia Inc and what are their salaries?
Where can I find the form 990 for Koinonia Inc?

Mission Statement of Koinonia Inc

Koinonia Inc, as referred to as Koinonia Apartments, is committed to providing a safe, clean, and enjoyable living environment for the elderly residents in Lenoir, NC. Their primary mission is to offer community housing that caters to the elderly population who are financially disadvantaged. To accomplish this, Koinonia Inc operates an 84-unit apartment complex under a regulatory agreement with the HUD. This complex serves as a home for low-income elderly individuals, ensuring they have access to a secure and comfortable living space.

Impact

This information is meant to be a general summary of Koinonia Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Koinonia Inc's impact is evident in their dedicated efforts to provide safe, clean, and enjoyable community housing for low-income elderly residents in Lenoir, NC. By operating an 84-unit apartment complex in accordance with their regulatory agreement with HUD, Koinonia Inc is addressing the critical need for affordable housing for this vulnerable population. Through their mission-driven approach, they are making a tangible difference in the lives of elderly individuals, ensuring they have a secure and comfortable place to call home.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $114
  • Program Service Revenue: $367,279
  • Gross Receipts: $854,216

    • Assets and Liabilities:
  • Total Assets: $2,440,554
  • Total Liabilities: $2,453,956
  • Net Assets: -$13,402
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    TENANT RENTAL PAYMENTS

    Revenue

    $362,213

    LAUNDRY & VENDING REVE

    Revenue

    $5,066

    Organization Details

    Founding Year

    1975

    Principal Officer

    Deborah Ashley-Smith

    Main Address

    318 MAIN STREET NW, LENOIR, NC, 28645

    NTEE Category

    Code: L22 - Housing

    If you are a representative of Koinonia 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.