Covenant Housing Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,326,221 | 2,880,775 | 445,446 | 6.2 | 38% |
| 2012 | 3,682,304 | 2,972,635 | 709,669 | 8.8 | 40% |
| 2013 | 3,840,151 | 2,962,144 | 878,007 | 12.4 | 41% |
| 2014 | 3,979,010 | 3,024,270 | 954,740 | 16.0 | 42% |
| 2015 | 4,072,945 | 3,101,118 | 971,827 | 19.3 | 42% |
| 2016 | 4,236,166 | 3,230,435 | 1,005,731 | 22.3 | 42% |
| 2017 | 4,347,464 | 3,466,601 | 880,863 | 23.8 | 42% |
| 2018 | 4,552,480 | 3,581,484 | 970,996 | 26.3 | 40% |
| 2019 | 4,400,491 | 3,482,643 | 917,848 | 30.2 | 39% |
| 2020 | 4,544,743 | 3,891,845 | 652,898 | 29.0 | 40% |
| 2021 | 4,649,376 | 3,871,929 | 777,447 | 31.6 | 40% |
| 2022 | 5,376,725 | 4,497,905 | 878,820 | 29.6 | 44% |
| 2023 | 6,202,897 | 4,746,637 | 1,456,260 | 31.7 | 44% |
In its most recent public year (2023), this organization brought in $1,456,260 more than it spent. Its reserves stood at about 31.7 months of spending, up from 6.2 in 2011. Staff pay was 44% 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
Covenant Housing Corporation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works