COVENANT NEIGHBORHOODS INC

EIN: 562528573 501(c)(3) Housing & Shelter

HOUSTON, TX

Total Revenue
$1,960,688
Total Expenses
$2,685,079
Total Assets
$25,704,633
Net Assets
$5,140,300
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
TX
Principal Officer
STEPHAN FAIRFIELD
Phone
7132231864
Tax Period
2024-01-01 to 2024-12-31

COVENANT NEIGHBORHOODS INC, founded in 2003, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 144% from the prior year, signaling strong growth momentum. Expenses of $2.7M exceeded revenue, resulting in a 37% operating deficit.

Mission

Covenant Neighborhoods fosters strong and stable communities by developing affordable homes, building family assets, increasing amenity access, and mentoring practitioners.

Program Service Accomplishments

Program 1
Expenses: $2,636,570 Revenue: $1,887,695

In 2024 we restored roofs and general habitability for 28 low-income families impacted by Hurricane Beryl; provided asset management services for 613 affordable homes for seniors, working families...

Read more

In 2024 we restored roofs and general habitability for 28 low-income families impacted by Hurricane Beryl; provided asset management services for 613 affordable homes for seniors, working families, homeless women and children, and youth aging out of foster care; and operated a 193 senior affordable rental home community in Kingwood with free lift-equipped transportation, fitness and recreational amenities, and a 120 affordable rental home community for working families in downtown Houston with fitness and recreational amenities. Community expenses total $5,031,896 in 2024.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,887,695
Investment Income $72,993
Other Revenue $0
TOTAL REVENUE $1,960,688

Expense Breakdown

Grants Paid $6,000
Salaries & Benefits $220,023
Fundraising Expenses $11,001
Program Expenses $2,636,570
Other Expenses $2,459,056
TOTAL EXPENSES $2,685,079

Year-over-Year Comparison

2024 2023 Change
Revenue $1,960,688 $804,467 +1.4%
Expenses $2,685,079 $573,601 +3.7%
Net Income $-724,391 $230,866 -4.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
3
Independent Members
2
Employees
1
Volunteers
N/A

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
3
$208,014
Total Directors
3
$208,014
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHAN FAIRFIELD Executive Direc 20.00
Officer Director
$178,373 $29,641 $208,014
MARLON MITCHELL Chairman 1.00
Officer Director
$0 $0 $0
GERALD MCINTOSH Secretary 1.00
Officer Director
$0 $0 $0
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
2024 $1,960,688 $2,685,079 $25,704,633 $-724,391
2023 $804,467 $573,601 $26,421,724 $230,866
2022 $980,586 $477,115 $18,695,239 $503,471
2021 $2,323,147 $538,974 $18,180,419 $1,784,173
2020 $279,109 $400,141 $10,735,252 $-121,032
2019 $625,146 $139,795 $3,480,547 $485,351
2018 $177,822 $117,235 $2,995,196 $60,587
2017 $145,255 $141,128 $3,298,990 $4,127
2016 $90,465 $42,386 $3,170,619 $48,079
Explore More Nonprofits
→Top 100 Nonprofits in Texas →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare COVENANT NEIGHBORHOODS INC with other nonprofits in Texas and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.