Covenant Community Inc
- Assets
- $1.4m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 21
- Location
- Atlanta, GA
- Founding
- 03/1993
- Data as of
- 09/2023
- EIN
- 58-2010185
Organization Overview
Covenant Community Inc is located in Atlanta, GA. The organization was established in 1993. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. As of 09/2023, Covenant Community Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Covenant Community 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 Community Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $1.7m during the year ending 09/2023. While expenses have increased by 15.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE NECESSARY TOOLS AND RESOURCES TO HELP INDIVIDUALS AND FAMILIES AFFECTED BY SUBSTANCE USE DISORDER AND HOMELESSNESS TO ACHIEVE PERSONAL LIFE STABILIZATION, FULL-TIME EMPLOYMENT, AND ULTIMATELY RETURN TO THEIR FAMILIES AND THE COMMUNITY AS PRODUCTIVE CITIZENS
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE HAVE IMPACTED THE ATLANTA COMMUNITY BY SERVING OVER 1,200 MEN EXPERIENCING HOMELESSNESS AND RECOVERING FROM SUBSTANCE USE DISORDER SINCE OUR INCEPTION. COVENANT'S RESIDENTIAL PROGRAM ALUMNI ARE SUCCESSFUL ENTREPRENEURS, HOMEOWNERS, RESPONSIBLE FAMILY MEMBERS, AND PRODUCTIVE CITIZENS. IN FYE 9/30/23, 80% OF MEN ADMITTED TO COVENANT TREATMENT FACILITY SUCCESSFULLY COMPLETED PROGRAMMING; 100% OF RESIDENTS WHO PARTICIPATED IN CAREER SERVICES COMPLETED JOB READINESS TRAINING, AND 100% OF RESIDENTS WHO COMPLETED PROGRAMMING TRANSITIONED INTO STABLE AND/OR SUPPORTIVE HOUSING. WE ATTRIBUTE THESE HIGH RATES OF SUCCESS TO OUR TREATMENT MODALITY, WHICH REINFORCES PERSONAL AND COMMUNAL ACCOUNTABILITY, LEADERSHIP, AND DETERMINATION, IN ADDITION TO HIGHLY SKILLED STAFF, EFFECTIVE GOVERNING BOARD, COMMUNITY PARTNERSHIPS, AND VOLUNTEERS.
DURING FYE 9/30/2023, RECOVERY RESOURCES OF ATLANTA MIDTOWN (RRAM), A RECOVERY COMMUNITY ORGANIZATION (RCO), HAD APPROXIMATELY 1,852 VISITS EACH MONTH, A TOTAL OF 22,222 TOTAL RECURRING PARTICIPANTS FOR THE YEAR, PARTICIPATING IN SERVICES RANGING FROM PEER SUPPORT, HOUSING ASSISTANCE, TRANSPORTATION ASSISTANCE, AND FINANCIAL LITERACY FOR PEOPLE EXPERIENCING HOMELESSNESS AND RECOVERING FROM SUBSTANCE ABUSE. RRAM PARTNERED WITH OTHER ORGANIZATIONS, SUCH AS ORGANIZATION: ASSOCIATION OF CHILDREN AND FAMILIESRECOVERY CONSULTANTS OF ATLANTAGEORGIA WORKSFULTON COUNTY BOARD OF HEALTHSALVATION ARMYATLANTA COMMUNITY FOOD BANKTEENZ ON POINTNAMITHREADZGEORGIA COUNCIL FOR RECOVERYLIVE SAFE RESOURCES TO INCREASE THE QUALITY OF SUPPORT FOR PEERS IN THE RECOVERY COMMUNITY.
IN FYE 9/30/23, THE STERNE HOUSE, AN APARTMENT BUILDING WITH FOUR TWO-BEDROOM/ONE- BATH APARTMENTS ACQUIRED ON 12/14/18 THROUGH STERNE HOUSE LLC, PROVIDES AN INTERIM HOUSING OPTION FOR THE MEN WHO HAVE SUCCESSFULLY COMPLETED THE PROGRAM AT COVENANT COMMUNITY. IT ALLOWS THEM TO SAVE MONEY AND TRANSITION INTO INDEPENDENT LIVING. IT AVERAGED 7 TENANTS EACH MONTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Carter Love Executive Dir. | Officer | 50 | $111,887 |
Arjun Srinivasan MD Chairman | OfficerTrustee | 3 | $0 |
Kevin M Lyman Emeritus | OfficerTrustee | 1 | $0 |
George Jones Jr Treasurer | OfficerTrustee | 1.5 | $0 |
Andrew Land Secretary | OfficerTrustee | 1.5 | $0 |
Courtney Clarke Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $342,591 |
| All other contributions, gifts, grants, and similar amounts not included above | $219,278 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $561,869 |
| Total Program Service Revenue | $951,920 |
| Investment income | $268 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $33,579 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,548,086 |
| 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. | $115,000 |
| Compensation of current officers, directors, key employees. | $34,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $765,502 |
| Pension plan accruals and contributions | $7,626 |
| Other employee benefits | $87,536 |
| Payroll taxes | $66,714 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $53,358 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $21,250 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $151,367 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $33,908 |
| Royalties | $0 |
| Occupancy | $74,308 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,107 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,147 |
| Insurance | $35,302 |
| All other expenses | $0 |
| Total functional expenses | $1,666,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $507,636 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $114,048 |
| Accounts receivable, net | $2,925 |
| 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 | $9,552 |
| Net Land, buildings, and equipment | $717,347 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $800 |
| Total assets | $1,352,308 |
| Accounts payable and accrued expenses | $47,285 |
| 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 | $47,285 |
| Net assets without donor restrictions | $1,164,655 |
| Net assets with donor restrictions | $140,368 |
| 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 | $1,352,308 |