Covenant Homes Inc

Organization Overview

Covenant Homes Inc is located in Rocky Mount, NC. The organization was established in 1978. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Covenant Homes Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Covenant Homes 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 09/2023, Covenant Homes Inc generated $976.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $877.7k during the year ending 09/2023. While expenses have increased by 5.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

HOUSING FOR THE ELDERLY AND HANDICAPPED.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED.


PROVIDE LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED.


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Board, Officers & Key Employees

Name (title)Compensation
Tricia Vestal
President
$0
Dee Whitley
Vice Preside
$0
Jack Gurganus
Treasurer
$0
Laura Dudley
Secretary
$0
John Etheridge
Director
$0
Dylan Castellino
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $629,372
All other contributions, gifts, grants, and similar amounts not included above$12,585
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$641,957
Total Program Service Revenue$334,727
Investment income $57
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 $976,741

Peer Organizations

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St George Village-Catholic Community Retirement Center
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Wesley Homes Inc
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Lutheran Home At Trinity Oaks Inc
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Jewish Home Life Communities Inc
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$15,022,015
View At Goodwin Living Llc
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Senior Living Foundation Inc Perimeter 400 Center
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Abes Garden
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Lutheran Retirement Center Wilmington Inc
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