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Covenant Neighborhoods Inc.

Covenant Neighborhoods Inc.

Houston, TX
Tax ID56-2528573

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About this organization

Revenue

$177,822

Expenses

$117,235

Mission

The organization creates strong and stable communities by developing workforce homes, increasing neighborhood amenities, and building family assets.

About

In 2018 we developed and sold affordable workforce single family homes in Fifth Ward and Independence Heights; acquired land for affordable homes in the East End; secured building permits for a 52-unit new community serving youth exiting foster care for Tejano Center; secured building permits and $13,873,613 in equity for a 112-unit senior living community with enriched services in Third Ward for Montrose Center; commenced construction on a prototype disaster recovery home; and operated 193 affordable rental homes in a high amenity location for clients primarily earning less than 50% of the area median income.

Interesting data from their 2019 990 filing

The filing reveals the mission of the non-profit as “The organization creates strong and stable communities by developing workforce homes, increasing neighborhood amenities, and building family assets.”.

When detailing its functions, they were listed as: “The organization creates strong and stable communities by developing workforce homes, increasing neighborhood amenities, and building family assets.”.

  • According to the law, the state where the non-profit operates has been reported as TX.
  • The filing specifies that the non-profit's address in 2019 was 3300 LYONS AVENUE, HOUSTON, TX, 77020.
  • As of 2019, the non-profit's form shows they have a total of 0 employees.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor-advised fund.
  • Is not a private foundation.
  • Expenses are less than $100,000.
  • Revenue is less than $100,000.
  • Revenue less expenses is $48,079.
  • The CEO compensation scheme within the organization is based on a review and endorsement process by a neutral entity.
  • The organization has 2 independent voting members.
  • The organization was formed in 2003.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule O.
  • The organization pays $0 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.

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