Nonprofit · EIN 56-1171000
KOINONIA INC
Tax-exempt (reinstated) · LENOIR, NC 28645
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $930,820 | $940,565 | -$9,745 | $2,221,157 | $2,330,054 | -$108,897 |
| December 31, 2023 | 990 | $878,658 | $964,408 | -$85,750 | $2,311,191 | $2,410,343 | -$99,152 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $504,913
- of which government grants
- $474,033
- Program service revenue
- $418,116
- Investment income
- $5,432
- Net gain from sales of assets
- $5,236
- Other revenue
- $2,359
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $204,934
- Salaries, compensation and benefits (total)
- $223,644
- Professional fundraising fees
- $0
- Legal fees
- $9,800
- Occupancy
- $96,396
- Depreciation
- $75,868
- Program services (functional)
- $920,983
- Management and general (functional)
- $19,582
Balance sheet and other
- Total assets, start of year
- $2,311,191
- Total assets, end of year
- $2,221,157
- Total liabilities, end of year
- $2,330,054
- Net assets, end of year
- -$108,897
- Land, buildings and equipment
- $1,661,979
- Net assets without donor restrictions
- -$110,259
- Net assets with donor restrictions
- $1,362
- Gross receipts
- $932,218
- Employees
- 0
- Volunteers
- 10
- Year formed
- 1975
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEBORAH ASHLEY-SMITH | CHAIR Trustee or director, Officer | 0.25 | $0 |
| TERESA LARSON | DIRECTOR Trustee or director | 0.25 | $0 |
| LENORA CHASE | DIRECTOR Trustee or director | 0.25 | $0 |
| LEAH EPPS | DIRECTOR Trustee or director | 0.25 | $0 |
| ELIZABETH JENKINS | DIRECTOR Trustee or director | 0.25 | $0 |
| CAROL RAINES | DIRECTOR Trustee or director | 0.25 | $0 |
| WANDA PRINCE | DIRECTOR Trustee or director | 0.25 | $0 |
| SUSAN BARNETT | DIRECTOR Trustee or director | 0.25 | $0 |
| DEE STRICKLAND | DIRECTOR Trustee or director | 0.25 | $0 |
| HERB STEVENS | DIRECTOR Trustee or director | 0.25 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEBORAH ASHLEY-SMITH | CHAIR Trustee or director, Officer | 0.25 | $0 |
| TERESA LARSON | DIRECTOR Trustee or director | 0.25 | $0 |
| LENORA CHASE | DIRECTOR Trustee or director | 0.25 | $0 |
| LEAH EPPS | DIRECTOR Trustee or director | 0.25 | $0 |
| ELIZABETH JENKINS | DIRECTOR Trustee or director | 0.25 | $0 |
| LUCY MCCARL | DIRECTOR Trustee or director | 0.25 | $0 |
| WANDA PRINCE | DIRECTOR Trustee or director | 0.25 | $0 |
| KEN ROBERTS | DIRECTOR Trustee or director | 0.25 | $0 |
| DEE STRICKLAND | DIRECTOR Trustee or director | 0.25 | $0 |
| HERB STEVENS | DIRECTOR Trustee or director | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 318 MAIN ST NW, LENOIR, NC 28645-5168
- In care of
- % CHASSIDY TRIPLETT
- Principal officer (990 for 2024)
- DEBORAH ASHLEY-SMITH, 318 MAIN STREET NW, LENOIR, NC 28645
- Signed the 990
- DEBORAH ASHLEY-SMITH, CHAIR
- Phone
- (828) 758-2617
- Return prepared by
- BERNARD ROBINSON & COMPANY LLP
Mission
THE MISSION OF KOINONIA, INC. (D/B/A KOINONIA APARTMENTS) IS TO PROVIDE SAFE, CLEAN, AND ENJOYABLE COMMUNITY HOUSING TO THE ELDERLY RESIDENTS OF LENOIR, NC.
Program accomplishments
- OPERATING AN 84 UNIT APARTMENT COMPLEX FOR LOW INCOME ELDERLY INDIVIDUALS IN ACCORDANCE WITH THEIR REGULATORY AGREEMENT WITH HUD.Expenses $920,983 · revenue $420,475
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1171000
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22)
- Assets (IRS master file)
- $2,221,157
- Income (IRS master file)
- $932,218
Revocation and reinstatement
- Exemption revoked
- May 15, 2010
- Posted by the IRS
- June 9, 2011
- Reinstated
- Effective April 15, 2012
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $930,820 | $940,565 | $2,221,157 | XML |
| 990 | December 2023 | $878,658 | $964,408 | $2,311,191 | XML |
| 990 | December 2022 | $854,216 | $805,746 | $2,440,554 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-1171000).
Questions about KOINONIA INC
- What is the EIN of KOINONIA INC?
- The employer identification number (EIN) of KOINONIA INC is 56-1171000.
- Is KOINONIA INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective April 15, 2012.
- Are donations to KOINONIA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KOINONIA INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of KOINONIA INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KOINONIA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of KOINONIA INC?
- The 990 for the year ended December 31, 2024 names DEBORAH ASHLEY-SMITH.
- Who are the officers and directors of KOINONIA INC?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does KOINONIA INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $930,820, expenses of $940,565 and total assets of $2,221,157 at year end.
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All nonprofits in LENOIR · North Carolina · Housing and shelter