Covenant Housing Corporation

Organization Overview

Covenant Housing Corporation is located in Skokie, IL. The organization was established in 1975. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Covenant Housing Corporation 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 Housing Corporation generated $7.3m in total revenue. All expenses for the organization totaled $611.6k during the year ending 09/2021. While expenses have increased by 25.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE ADMINISTRATIVE AND MANAGEMENT SERVICES FOR AFFORDABLE HOUSING ORGANIZATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ADMINISTRATIVE AND MANAGEMENT SERVICES ARE PROVIDED TO AFFORDABLE HOUSING ORGANIZATIONS TO ASSIST THEM IN CARRYING OUT THEIR EXEMPT FUNCTIONS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$497,500
Investment income $4,274
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $6,815,413
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,317,187

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