Covenant Shelter Of New London Inc
- Assets
- $510.8k
- Revenue
- $402.2k
- Investments
- $0.0
- Employees
- 24
- Location
- New London, CT
- Founding
- 07/1984
- Data as of
- 06/2022
- EIN
- 06-1085545
Organization Overview
Covenant Shelter Of New London Inc is located in New London, CT. The organization was established in 1984. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Covenant Shelter Of New London Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Covenant Shelter Of New London Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Covenant Shelter Of New London Inc generated $402.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $383.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE TEMPORARY EMERGENCY SHELTER FOR PERSONS DISPLACED FROM THEIR HOME FOR ANY REASON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SHELTER PROVIDED TEMPORARY SHELTER FOR THE HOMELESS. THE LENGTH OF STAY VARIED ACCORDING TO THE NEED OF THE CLIENTS AND AVAILABILTY OF HOUSING, AND AVERAGED APPROXIMATELY 65 DAYS FOR SINGLE MEN AND WOMEN AND 70 DAYS FOR FAMILIES. THERE WERE 74 SINGLES, 23 FAMILIES, AND 39 CHILDREN SERVED. ADDITIONALLY, THE COVENANT SHELTER SERVED 14,000 MEALS TO THOSE IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peggy Miceli Executive Di | Officer | 40 | $59,150 |
Tina Fortin Vice-Chair | OfficerTrustee | $0 | |
Margie Perrone Treasurer | OfficerTrustee | $0 | |
Fred Smith Chair | OfficerTrustee | $0 | |
Carleen Lee Secretary | Officer | $0 | |
Rev Denise Cabana Ex-Officio | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $210,312 |
| All other contributions, gifts, grants, and similar amounts not included above | $191,866 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $402,178 |
| Total Program Service Revenue | $0 |
| Investment income | $55 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $402,233 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $233,718 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,257 |
| Payroll taxes | $21,543 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $276 |
| Office expenses | $2,272 |
| Information technology | $150 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $56 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,628 |
| Insurance | $19,208 |
| All other expenses | $22,708 |
| Total functional expenses | $383,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,693 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,500 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,496 |
| Net Land, buildings, and equipment | $186,579 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $83,574 |
| Total assets | $510,842 |
| Accounts payable and accrued expenses | $1,179 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,248 |
| Total liabilities | $3,427 |
| Net assets without donor restrictions | $507,415 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $510,842 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Covenant Shelter Of New London Inc has recieved totaling $54,760.
| Awarding Organization | Amount |
|---|---|
United Way Of Southeastern Conn Inc Gales Ferry, CT PURPOSE: BASIC NEEDS | $50,559 |
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: GENERAL OPERATING SUPPORT TARGETED FOR FAMILY BATHROOM REPAIRS | $4,000 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $175 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $26 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Westhab Inc Yonkers, NY | $114,731,576 | $108,606,814 |
Home-Life Services Inc Brooklyn, NY | $11,358,960 | $49,313,152 |
Project Hospitality Inc Staten Island, NY | $24,265,282 | $41,568,587 |
Father Bills & Mainspring Inc Brockton, MA | $37,272,456 | $43,214,858 |
Urban Pathways Inc New York, NY | $30,994,608 | $33,252,102 |
Turning Point Inc Newburyport, MA | $22,797,029 | $31,886,468 |
Aguila Inc Bronx, NY | $26,513,070 | $18,809,046 |
Ali Forney Center New York, NY | $7,623,264 | $19,818,161 |
Jericho Project New York, NY | $18,950,420 | $17,611,803 |
Middlesex Human Service Agency Inc Waltham, MA | $4,587,746 | $16,335,649 |
Columbus House New Haven, CT | $15,682,244 | $16,470,970 |
Rosies Place Inc Boston, MA | $38,499,401 | $18,742,725 |