COVENANT HOUSING CORPORATION OF CE… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

DOTTIE DESIMONE

Phone

3154493552

Tax Period

2025-01-01 to 2025-12-31

COVENANT HOUSING CORPORATION OF CENTRAL, founded in 1992, is a community nonprofit in the Unknown sector that reported $1.3M in total revenue in fiscal year 2025. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $281K, a strong 22% operating margin.

Mission

TO ENCOURAGE GREATER INDEPENDENCE, INCLUSION, CHOICE AND COMMUNITY INTEGRATION THROUGH THE DEVELOPMENT OF SAFE, AFFORDABLE, ACCESSIBLE HOUSING OPTIONS FOR LOW AND VERY-LOW INCOME HOUSEHOLDS AND INDIVIDUALS WITH DISABILITIES.

Program Service Accomplishments

Program 1

Expenses: $441,081 Revenue: $423,926

THE CORPORATION ACQUIRES AND REHABILITATES RESIDENTIAL REAL PROPERTY, INCLUDING NECESSARY ENVIRONMENTAL MODIFICATIONS, AND OPERATES THESE PROPERTIES AS HOUSING FOR INDIVIDUALS WITH SPECIAL NEEDS. THE CORPORATION OWNS AND MANAGES MULTIPLE RESIDENTIAL PROPERTIES SERVING 103 INDIVIDUALS DURING THE YEAR.

Program 2

Expenses: $303,388 Revenue: $196,793

THE CORPORATION FACILITATES HOME PURCHASES FOR INDIVIDUALS AND FAMILIES WITH SPECIAL NEEDS AND PERFORMS PROPERTY MODIFICATIONS, AS NEEDED, TO BETTER ACCOMMODATE THOSE NEEDS. THE PROGRAM ASSISTED 7...

THE CORPORATION FACILITATES HOME PURCHASES FOR INDIVIDUALS AND FAMILIES WITH SPECIAL NEEDS AND PERFORMS PROPERTY MODIFICATIONS, AS NEEDED, TO BETTER ACCOMMODATE THOSE NEEDS. THE PROGRAM ASSISTED 7 INDIVIDUALS DURING THE YEAR.

Program 3

Expenses: $195,097 Revenue: $0

THE CORPORATION WORKS WITH INDIVIDUALS AND FAMILIES TO PROVIDE ENVIRONMENTAL MODIFICATIONS AND ASSISTIVE TECHNOLOGY TO ACCOMMODATE PHYSICAL OR DEVELOPMENTAL DISABILITIES. THE PROGRAM ASSISTED 12...

THE CORPORATION WORKS WITH INDIVIDUALS AND FAMILIES TO PROVIDE ENVIRONMENTAL MODIFICATIONS AND ASSISTIVE TECHNOLOGY TO ACCOMMODATE PHYSICAL OR DEVELOPMENTAL DISABILITIES. THE PROGRAM ASSISTED 12 HOUSEHOLDS DURING THE YEAR.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $603,177

Program Service Revenue $657,791

Investment Income $0

Other Revenue $1,133

TOTAL REVENUE $1,262,101

Expense Breakdown

Grants Paid $0

Salaries & Benefits $224,880

Fundraising Expenses $0

Program Expenses $939,566

Other Expenses $755,884

TOTAL EXPENSES $980,764

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,262,101	$877,239	+0.4%
Expenses	$980,764	$851,628	+0.2%
Net Income	$281,337	$25,611	+10.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$74,128

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD PRUE	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARTHA O'GRADY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DOTTIE DESIMONE	TREASURER	4.00	Officer Director	$0	$0	$0
FELICIA BLACK	SECRETARY	1.00	Officer Director	$0	$0	$0
CHERYL L KANTAK	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN HAMILTON	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE MIRRA	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW WARD	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA LOCKE	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT CIOTA	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
SHANNON CUNNINGHAM	CHIEF EXECUTIVE OFFICER	30.00	Officer	$59,858	$14,270	$74,128

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$1,262,101	$980,764	$2,573,916	$281,337
2024	$877,239	$851,628	$2,389,333	$25,611
2023	$1,132,077	$1,067,376	$2,391,133	$64,701
2022	$644,085	$596,567	$2,529,047	$47,518
2021	$752,003	$693,017	$2,455,764	$58,986
2020	$715,258	$651,522	$2,145,185	$63,736
2019	$743,468	$630,719	$2,120,341	$112,749
2018	$640,909	$598,849	$1,982,412	$42,060

COVENANT HOUSING CORPORATION OF CENTRAL