Covenant Of Shalom Inc
- Assets
- $264.4k
- Revenue
- $77.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Topeka, KS
- Founding
- 03/2004
- Data as of
- 12/2022
- EIN
- 48-1251558
Organization Overview
Covenant Of Shalom Inc is located in Topeka, KS. The organization was established in 2004. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Covenant Of Shalom 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 12/2022, Covenant Of Shalom Inc generated $77.0k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $85.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION RENTS PROPERTY FOR LOW AND VERY LOW INCOME HOUSING TO QUALIFYING INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lester Montgomery President | 1 | $0 | |
Alfred Goodwin Vice President | 1 | $0 | |
Jay Hall Treasurer | 1 | $0 | |
Oliver Green Director | 1 | $0 | |
Joanne Smith Chairperson | 1 | $0 | |
Thaine Hoffman Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $103 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $76,903 |
| Total Revenue | $77,006 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $13,180 |
| Taxes | $0 |
| Depreciation | $17,226 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $49,687 |
| Total operating and administrative expenses | $85,346 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $85,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80 |
| Savings and temporary cash investments | $53,799 |
| Net Accounts receivable | $1,918 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,898 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $202,706 |
| Other assets | $0 |
| Total assets | $264,401 |
| Accounts payable and accrued expenses | $18,138 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $206,136 |
| Other liabilities | $4,580 |
| Total liabilities | $228,854 |