Covenant Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 633,758 | 704,838 | −71,080 | -15.8 | 25% |
| 2013 | 636,543 | 683,480 | −46,937 | -17.1 | 23% |
| 2014 | 706,299 | 776,181 | −69,882 | -16.2 | 22% |
| 2015 | 720,899 | 859,661 | −138,762 | -16.5 | 20% |
| 2016 | 802,485 | 937,554 | −135,069 | -16.9 | 22% |
| 2017 | 813,056 | 868,837 | −55,781 | -19.0 | 25% |
| 2018 | 815,459 | 1,017,471 | −202,012 | -18.6 | 21% |
| 2019 | 824,646 | 1,013,844 | −189,198 | -20.9 | 25% |
| 2020 | 892,841 | 1,028,744 | −135,903 | -22.2 | 27% |
| 2021 | 903,817 | 1,089,321 | −185,504 | -23.0 | 24% |
| 2022 | 947,363 | 1,333,872 | −386,509 | -22.3 | 20% |
| 2023 | 1,184,042 | 1,118,109 | 65,933 | -25.8 | 24% |
In its most recent public year (2023), this organization brought in $65,933 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-25.8 months), down from -15.8 in 2012. Staff pay was 24% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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