Covenant Community Inc
- Assets
- $1.6m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 19
- Location
- Atlanta, GA
- Founding
- 03/1993
- Data as of
- 09/2021
- 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 09/2021, Covenant Community Inc employed 19 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 09/2021, Covenant Community Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $1.0m during the year ending 09/2021. While expenses have increased by 11.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE NECESSARY TOOLS AND RESOURCES TO HELP HOMELESS MEN RECOVERING FROM SUBSTANCE ABUSE ACHIEVE PERSONAL LIFE STABILIZATION AND FULL-TIME EMPLOYMENT, ULTIMATELY RETURNING 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 MISUSE DISORDER SINCE OUR INCEPTION. COVENANT'S RESIDENTIAL PROGRAM ALUMNI ARE SUCCESSFUL ENTREPRENEURS, HOMEOWNERS, RESPONSIBLE FAMILY MEMBERS AND PRODUCTIVE CITIZENS. IN FYE 9/30/21 95% 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 9/30/2021, RECOVERY RESOURCES OF ATLANTA MIDTOWN (RRAM), A RECOVERY COMMUNITY ORGANIZATION (RCO), HAD APPROXIMATELY 1,301 VISITS EACH MONTH, A TOTAL OF 15,612 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 COVENANT HOUSE, GATEWAY, ANIZ AND THE CENTER FOR BLACK WOMENS WELLNESS. RRAM HOSTED THE COUNTRYS FIRST RECOVERY COMMUNITY ORGANIZATION COLLABORATIVE LEARNING SESSION TO INCREASE THE QUALITY OF SUPPORT FOR RCOS ACROSS THE STATE.
IN FYE 9/30/21 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 |
|---|---|---|---|
Johnathan Davis Former Exec. D. | Officer | 50 | $89,946 |
Kevin Lyman President | OfficerTrustee | 2.8 | $0 |
Andrea Hopkey Secretary | OfficerTrustee | 2.3 | $0 |
Sheldon Taylor Vice President | OfficerTrustee | 2.2 | $0 |
E Wayne Williams Treasurer | OfficerTrustee | 2.4 | $0 |
Christine Carter Love Executive Dir. | Officer | 50 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $87,286 |
| All other contributions, gifts, grants, and similar amounts not included above | $245,130 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $332,416 |
| Total Program Service Revenue | $694,998 |
| Investment income | $2,527 |
| 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 | $1,029,941 |
| 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. | $80,584 |
| Compensation of current officers, directors, key employees. | $24,175 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $387,005 |
| Pension plan accruals and contributions | $5,033 |
| Other employee benefits | $81,521 |
| Payroll taxes | $34,845 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,465 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $31,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,374 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $32,502 |
| Royalties | $0 |
| Occupancy | $58,320 |
| Travel | $5,920 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,672 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $79,286 |
| Insurance | $27,496 |
| All other expenses | $676 |
| Total functional expenses | $1,022,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $598,961 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $185,421 |
| 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 | $16,365 |
| Net Land, buildings, and equipment | $721,847 |
| Investments—publicly traded securities | $77,480 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $800 |
| Total assets | $1,600,874 |
| Accounts payable and accrued expenses | $155,174 |
| 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 | $155,174 |
| Net assets without donor restrictions | $1,300,778 |
| Net assets with donor restrictions | $144,922 |
| 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 | $1,600,874 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Covenant Community Inc has recieved totaling $36,139.
| Awarding Organization | Amount |
|---|---|
The Scott Hudgens Family Foundation Inc Duluth, GA PURPOSE: DESIG FOR RESIDENTIAL INTENSIVE TREATMENT PROGRAMS | $15,000 |
Atlanta Foundation Las Vegas, NV PURPOSE: GENERAL OPERATING | $7,500 |
Bright Wings Foundation Orlando, FL PURPOSE: GENERAL | $5,000 |
Elk Foundation Inc Atlanta, GA PURPOSE: TO SUPPORT THE MISSION TO PROVIDE THE NECESSARY TOOLS AND RESOURCES TO HELP HOMELESS MEN RECOVERING FROM SUBSTANCE ABUSE ACHIEVE PERSONAL LIFE STABILIZATION AND FULL-TIME EMPLOYMENT, ULTIMATELY RETURNING TO THEIR FAMILIES AND THE COMMUNITY AS PRODUCTIVE CITIZENS. | $5,000 |
Realan Foundation Inc Atlanta, GA PURPOSE: DONATION TO FURTHER THE ORGANIZATION'S MISSION | $2,500 |
Thomas H Pitts Trust Uw Las Vegas, NV PURPOSE: GENERAL OPERATING | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For The Charlotte Jewish Community Charlotte, NC | $211,438,737 | $25,663,220 |
Florida Methodist Foundation Inc Lakeland, FL | $285,393,023 | $7,279,427 |
Wiseheart Foundation Memphis, TN | $10,743,867 | $6,206,349 |
Global Ministries Foundation Cordova, TN | $20,808,133 | $5,793,917 |
Heart For Africa Inc Roswell, GA | $1,675,421 | $4,060,144 |
National Christian Charitable Foundation Inc Knoxville, TN | $13,653,760 | $2,866,277 |
Church Loan Fund Inc Cleveland, TN | $45,949,413 | $2,026,360 |
Foundation Of The Holy Apostles Inc Atlanta, GA | $31,152,603 | $274,998 |
Christian Community Foundation Of South Florida Inc Fort Lauderdale, FL | $1,841,361 | $1,712,430 |
Blood Water Mission Inc Nashville, TN | $1,496,326 | $2,219,618 |
Countryside Cares Inc Clearwater, FL | $1,000 | $1,309,043 |
Covenant Community Inc Atlanta, GA | $1,600,874 | $1,029,941 |