AI Summary
Korner Homes Inc is a nonprofit organization dedicated to providing retirement housing by owning and operating an 80-unit apartment complex for the elderly under Section 207/223(f) of the National Housing Act. With an operating budget of $663.4K and total revenue of $831.4K for the filing year 2025, the organization focuses on enhancing the quality of life for seniors. More information can be found on their website at NCHSM.ORG.
Mission Statement
OWN AND OPERATE AN 80 UNIT APARTMENT COMPLEX FOR THE ELDERLY UNDER SECTION 207/223(F) OF THE NATIONAL HOUSING ACT.
Cause Areas
1
Retirement housing
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Frequently Asked Questions
What is KORNER HOMES INC’s budget?
In 2025, KORNER HOMES INC reported an annual operating budget of around $663 thousand. More detailed financial information is available to registered users.
What causes does KORNER HOMES INC support?
KORNER HOMES INC supports work in Retirement housing.
Where does KORNER HOMES INC operate?
KORNER HOMES INC is headquartered in Winstonsalem, NC.
What is KORNER HOMES INC’s reliance on government grants?
KORNER HOMES INC relied on government grants for more than 65% of their total revenue in 2025.