Cover Home Repair Inc
- Assets
- $1.1m
- Revenue
- $816.9k
- Investments
- $0.0
- Employees
- 18
- Location
- White River Junction, VT
- Founding
- 05/2006
- Data as of
- 06/2022
- EIN
- 20-4597157
Organization Overview
Cover Home Repair Inc is located in White River Junction, VT. The organization was established in 2006. According to its NTEE Classification (L81) the organization is classified as: Home Improvement & Repairs, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Cover Home Repair Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cover Home Repair 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, Cover Home Repair Inc generated $816.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $814.9k during the year ending 06/2022. While expenses have increased by 4.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
THE MISSION OF COVER HOME REPAIR IS TO BUILD COMMUNITY AND FOSTER HOPE THROUGH COOPERATION AND FELLOWSHIP AMONG ALL HOME REPAIR AND REUSE PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOME REPAIR PROGRAM ORGANIZES VOLUNTEERS TO WORK IN PARTNERSHIP WITH LOW-INCOME, ELDERLY AND DISABLED UPPER VALLEY RESIDENTS TO PROVIDE URGENT HOME REPAIR AT LITTLE TO NO CHARGE. THE GOAL OF THIS PROGRAM IS TO MAKE HOMES DRY, WARM AND SAFE WITH PROJECTS THAT INCLUDE ROOF REPAIR, STRUCTURAL REPAIR, WEATHERIZATION, ACCESSIBILITY RAMPS AND MORE. DURING THIS FISCAL YEAR, CLOSE TO 300 VOLUNTEERS CONTRIBUTED OVER 4,000 HOURS WORKING ON 80 URGENT HOME REPAIR AND WEATHERIZATION PROJECTS.
THE COVER STORE SELLS DONATED GOODS AT A DISCOUNTED PRICE. TYPICAL GOODS INCLUDE APPLIANCES, FURNITURE, RECYCLED BUILDING SUPPLIES AND LIGHT HOUSEHOLD GOODS. THE COVER STORE PROVIDES APPROXIMATELY 10,000 IN FREE ITEMS TO LOW-INCOME CUSTOMERS WITH AGENCY REFERRALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Neukomm Former Execu | OfficerTrustee | 40 | $50,291 |
Helen Hong Executive Di | OfficerTrustee | 40 | $25,221 |
Kevin O'hara Chair | OfficerTrustee | 2 | $0 |
Dave Joyce Vice Chair | OfficerTrustee | 2 | $0 |
Colleen O'neill Secretary | OfficerTrustee | 2 | $0 |
Zach Johnson Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $4,076 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $752,636 |
| Noncash contributions included in lines 1a–1f | $330,974 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $758,612 |
| Total Program Service Revenue | $53,336 |
| Investment income | $525 |
| 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 | $870 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $816,928 |
| 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. | $80,110 |
| Compensation of current officers, directors, key employees. | $36,050 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $330,962 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $71,408 |
| Payroll taxes | $32,415 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $987 |
| Fees for services: Accounting | $26,535 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $5,058 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,615 |
| Advertising and promotion | $3,284 |
| Office expenses | $31,274 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,829 |
| Travel | $5,690 |
| 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 | $32,983 |
| Insurance | $14,177 |
| All other expenses | $0 |
| Total functional expenses | $814,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,568 |
| Savings and temporary cash investments | $546,513 |
| Pledges and grants receivable | $30,000 |
| 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 | $75,000 |
| Prepaid expenses and deferred charges | $11,724 |
| Net Land, buildings, and equipment | $378,896 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,107,701 |
| Accounts payable and accrued expenses | $28,067 |
| 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 | $0 |
| Total liabilities | $28,067 |
| Net assets without donor restrictions | $1,023,551 |
| Net assets with donor restrictions | $56,083 |
| 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 | $1,107,701 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Cover Home Repair Inc has recieved totaling $166,614.
| Awarding Organization | Amount |
|---|---|
Timken Foundation Of Canton Canton, OH PURPOSE: BUILDING RENEWAL PROJECT | $50,000 |
Hypertherm Hope Foundation Hanover, NH PURPOSE: OPERATING BUDGET | $30,000 |
New Hampshire Charitable Foundation Concord, NH PURPOSE: For general support, Roofs and Ramps challenge | $21,750 |
Vermont Community Foundation Middlebury, VT PURPOSE: GENERAL PURPOSE | $12,250 |
Richard E And Deborah L Tarrant Foundation Inc Winooski, VT PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Lane & Elizabeth C Dwinnell Foundation Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association For Energy Affordability Inc Bronx, NY | $8,796,586 | $16,696,902 |
Bedford Stuyvesant Restoration Corporation Brooklyn, NY | $66,956,082 | $10,958,396 |
Tioga Opportunities Inc Owego, NY | $6,623,346 | $5,643,781 |
Bluehub Capital Inc Boston, MA | $18,553,228 | $2,089,518 |
Rebuilding Together Nyc Brooklyn, NY | $1,427,304 | $2,371,566 |
Margert Community Corporation Far Rockaway, NY | $3,330,961 | $2,086,587 |
Neighborhood Housing Services Of Brooklyn Cdc Inc Brooklyn, NY | $1,795,417 | $1,982,493 |
Revitalize Community Development Corporation Springfield, MA | $1,147,655 | $1,631,716 |
Lucille Clark Housing Development Fund Co Inc New York, NY | $2,660,768 | $778,673 |
The Parodneck Foundation For Self-H Elp Housing & Community Dvlpnt Inc New York, NY | $15,240,279 | $682,026 |
Stoneleigh Housing Inc Canastota, NY | $1,255,218 | $979,437 |
T A P Inc Troy, NY | $2,760,904 | $1,022,360 |