Kenton Housing INC: FY2021 Nonprofit Profile & Form 990 (EIN 61-0597708)

Revenue by fiscal year
FY2020	$26.4M
FY2021	$31.7M
FY2022	$31.0M
FY2023	$31.0M
FY2024	$30.9M

Expenses by fiscal year
FY2020	$26.2M
FY2021	$28.4M
FY2022	$31.6M
FY2023	$31.8M
FY2024	$35.5M

Net assets by fiscal year
FY2020	$16.8M
FY2021	$19.6M
FY2022	$13.8M
FY2023	$12.6M
FY2024	$9.1M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1964.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

89 cents of each dollar spent went to programs.

89%

Program services 89% · $25.3M Management & general 11% · $3.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

20 people listed on the 990; $794K paid to officers and key staff.

Part VII, Section A · reportable compensation

Londa Knollman

Executive Director

$234,955Pt VII · Sec A

David Boyer

CFO

$122,661Pt VII · Sec A

Brad Stanford

Chief Talent Officer & COO

$122,229Pt VII · Sec A

Mary Jo Marinello

Clinical Care Coordinator

$106,630Pt VII · Sec A

Kara Knochelman

Director of Nursing

$106,000Pt VII · Sec A

Rene Jamison

Administrator - Emerald Trace

$101,899Pt VII · Sec A

Dr John Eldridge

Board Member

$0Pt VII · Sec A

James Titus

Board Member

$0Pt VII · Sec A

Londa Knollman’s $249K as Executive Director is at the 64th percentile of top reported officer pay among 676 $10–100M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2024	FY2023	FY2022	FY2021	FY2020
Londa Knollman	$249,020	$234,804	$224,760	$234,955	$222,958
David Boyer	$142,114	$135,264	$132,710	$122,661	$133,107
Brad Stanford	$141,702	$135,910	$129,901	$122,229	$137,118
Tina Martin	$133,812	$128,248	$116,392	—	—
Rebecca Delong	$133,313	—	—	—	—
Olivia Romero	$131,090	—	—	—	—
Kara Benton	$122,437	$115,350	—	—	—
Olivia Tillman	—	$116,545	—	—	—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers care that honors residents' pasts, enriches their present, and empowers their future.

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Provided by the organization

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1 program · $25.3M · in their own filed words · FY2021

01

To provide a community of care for residents that honors their past, enriches their present, and empowers their future. Our services include short term rehab, skilled care, long term care, palliative care and dementia care.

$25.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2021

Northern Kentucky Area Developement DistrictFY2021$16K

Total grants receivedfrom 1 funder$16K

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$31.7M

Ln 12

Fees for servicesLn 2g$24.3M

Gifts and grantsLn 1h$4.6M

Investment incomeLn 3$2.8M

Money outPt IX

$28.4M

Ln 25

Programscol B$25.3M

Managementcol C$3.1M

Owns and owesPt X

$19.6M

net assets · Ln 32

Total assetsLn 16$68.4M

LiabilitiesLn 26$48.7M

PeoplePt VI, VII

20

listed · VII A

PaidVII A6

Voting boardVI 1a14

IndependentVI 1b14

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$4.6M

Government grantsLn 1e$4.6M

Fees for servicesLn 2g$24.3M

Investment incomeLn 3$2.8M

Other incomeLn 4–11$7K

Gains on assetsLn 7$2.5M

Total revenueLn 12$31.7M

Assets in detailPt X, end of year

CashLn 1$0

InvestmentsLn 11–13$18.6M

Land, buildings, equipmentLn 10c$37.2M

Other assetsLn 15$5.7M

Total assetsLn 16$68.4M

LiabilitiesLn 26$48.7M

Net assetsLn 32$19.6M

OperationsPt I, VI

EmployeesI 5367

VolunteersI 614

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$1.4M	$0
InvestmentsLn 11–13	$16.2M	$18.6M
Land, buildings, equipmentLn 10c	$38.8M	$37.2M
Total assetsLn 16	$65.3M	$68.4M
LiabilitiesLn 26	$48.5M	$48.7M
Net assetsLn 32	$16.8M	$19.6M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$573K		$573K
Other salaries and wagesLn 7	$7.9M	$7.0M	$932K
Other employee benefitsLn 9	$1.5M	$1.3M	$177K
Payroll taxesLn 10	$615K	$512K	$104K
Legal feesLn 11b	$20K		$20K
Accounting feesLn 11c	$172K		$172K
Investment management feesLn 11f	$89K		$89K
Other fees for servicesLn 11g	$8.8M	$8.5M	$307K
Advertising and promotionLn 12	$71K		$71K
Office expensesLn 13	$371K	$126K	$244K
OccupancyLn 16	$1.2M	$1.1M	$45K
Travel and entertainment for public officialsLn 18	$8K	$3K	$5K
Conferences, conventions and meetingsLn 19	$2.7M	$2.6M	$102K
Depreciation, depletion and amortizationLn 22	$1.7M	$1.6M	$65K
InsuranceLn 23	$591K	$568K	$22K
Other expenses (24a–d)Ln 24	$2.1M	$1.9M	$204K
All other expensesLn 24e	$18K	$7K	$11K
Total functional expensesLn 25	$28.4M	$25.3M	$3.1M	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$30.9M	$35.5M	−$4.6M	$9.1M	990 PDF
FY2023	$31.0M	$31.8M	−$763K	$12.6M	990 PDF
FY2022	$31.0M	$31.6M	−$618K	$13.8M	990 PDF
FY2021 Viewing	$31.7M	$28.4M	$3.3M	$19.6M	990 PDF
FY2020	$26.4M	$26.2M	$211K	$16.8M	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2021 990 (6 parts)

Part I · Summary $31,745,821 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $3,299,416$4,601,954

I-9 Program service revenuePrior year $22,427,230$24,309,457

I-10 Investment incomePrior year $644,432$2,827,906

I-11 Other revenuePrior year $5,491$6,504

I-12 Total revenuePrior year $26,376,569$31,745,821

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $10,386,502$10,604,452

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $15,778,746$17,821,948

I-18 Total expensesPrior year $26,165,248$28,426,400

I-19 Revenue less expensesPrior year $211,321$3,319,421

Part VI · Governance 14 of 14 board members independent, no flags

VI-1a Voting members of the governing body14

VI-1b Independent voting members14

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $31,745,821 across 8 lines filed

Lines not itemized here account for $1,427 of total revenue; see the IRS return.

VIII-1e Government grants$4,591,649

VIII-1f All other contributions, gifts and grants$10,305

VIII-1h Total contributions, gifts and grants$4,601,954

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $24,309,457$24,309,457

VIII-3 Investment incomeExcluded from tax $327,832$327,832

VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,500,074$2,500,074

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $5,077$5,077

VIII-12 Total revenueRelated to mission $24,309,457 · Unrelated business $0 · Excluded from tax $2,834,410$31,745,821

Part IX · Statement of functional expenses $28,426,400 across 17 lines filed

IX-5 Pay of current officers, directors and key staffManagement $573,282$573,282

IX-7 Other salaries and wagesPrograms $6,972,767 · Management $931,922$7,904,689

IX-9 Other employee benefitsPrograms $1,334,620 · Management $176,782$1,511,402

IX-10 Payroll taxesPrograms $511,514 · Management $103,565$615,079

IX-11b Legal feesManagement $20,498$20,498

IX-11c Accounting feesManagement $172,018$172,018

IX-11f Investment management feesManagement $88,740$88,740

IX-11g Other fees for servicesPrograms $8,473,098 · Management $307,284$8,780,382

IX-12 Advertising and promotionManagement $70,639$70,639

IX-13 Office expensesPrograms $126,500 · Management $244,195$370,695

IX-16 OccupancyPrograms $1,141,356 · Management $45,085$1,186,441

IX-18 Travel and entertainment for public officialsPrograms $2,985 · Management $5,118$8,103

IX-19 Conferences, conventions and meetingsPrograms $2,587,233 · Management $102,198$2,689,431

IX-22 Depreciation, depletion and amortizationPrograms $1,638,773 · Management $64,733$1,703,506

IX-23 InsurancePrograms $568,082 · Management $22,440$590,522

IX-24 Other expenses (24a–d)Programs $1,919,686 · Management $203,786$2,123,472

IX-24e All other expensesPrograms $6,771 · Management $10,730$17,501

IX-25 Total functional expensesPrograms $25,283,385 · Management $3,143,015 · Fundraising $0$28,426,400

Part X · Balance sheet $68,380,829 assets, 15 lines filed

X-1 Cash, non-interest-bearingStart of year $1,411,800$0

X-4 Accounts receivableStart of year $2,868,598$6,652,023

X-9 Prepaid expenses and deferred chargesStart of year $268,094$278,243

X-10c Land, buildings and equipment, netStart of year $38,809,873$37,196,834

X-11 Publicly traded securitiesStart of year $16,220,413$18,550,031

X-15 Other assetsStart of year $5,760,663$5,703,698

X-16 Total assetsStart of year $65,339,441$68,380,829

X-17 Accounts payable and accrued expensesStart of year $2,262,176$2,800,476

X-19 Deferred revenueStart of year $353,500$116,447

X-20 Tax-exempt bond liabilitiesStart of year $45,924,920$45,324,978

X-25 Other liabilitiesStart of year $0$500,000

X-26 Total liabilitiesStart of year $48,540,596$48,741,901

X-27 Net assets without donor restrictionsStart of year $16,798,845$19,638,928

X-32 Total net assets or fund balancesStart of year $16,798,845$19,638,928

X-33 Total liabilities and net assetsStart of year $65,339,441$68,380,829

Part XI · Reconciliation of net assets $19,638,928 net assets at year end

XI-1 Total revenue$31,745,821

XI-2 Total expenses$28,426,400

XI-3 Revenue less expenses$3,319,421

XI-4 Net assets at start of year$16,798,845

XI-5 Net unrealized gains (losses) on investments−$479,338

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$19,638,928

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Kenton Housing INC FY2021 filing

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