Coventry Reserve

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EIN 20-0476382 Public charity (501(c)(3)) Wylie, TX NTEE J33
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2025
Revenue
$779K
FY2025▲ +0.6%
Expenses
$695K
FY2025▲ +1%

Form 990 for the fiscal year ending December 2025 (IRS tax year 2025).


Builds a Christ-centered community for adults with special needs to live fulfilling lives. For fiscal year 2025 it reported $779K in revenue, $695K in expenses, and $2.3M in net assets.Pt I

Founded
2003
Type
Public charity (501(c)(3)) · Employment
Location
Wylie, TX
Website
www.coventryreserve.org
Filings
6 on file (2020–2025)
Revenue
$779KFY2025
Expenses
$695K
Net assets
$2.3M
People
12
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Provided by the organization

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Size
$100K–1M
What they do
Builds a Christ-centered community for adults with special needs to live fulfilling lives.
Leadership
Darlene Blakey · Executive Director Board President · $80K
Money in and out
$779K revenue, $695K expenses
Bottom line
55% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Yes — filed FY2025

Most recent Form 990 on file is for fiscal year 2025 (1 year ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

3 funders, incl. Communities Foundation of Texas INC

3 distinct foundation funder(s) on file, $35K received in the most recent year with grants. See detail →

How is the money spent?

WARNING

55% to programs

55% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↑ +0.6% vs prior year

Revenue band $100K–1M, +0.6% versus the prior filing year (up). See detail →

Where the money goes · FY2025
Total revenue
$779K
Pt VIII · Ln 12
Total expenses
$695K
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $84K
Where spending went · Part IX cols B–D
Program services $0.55 Management & general $0.45
Program efficiency
55%
of spending reaches programs▼ -33% vs prior filing year
Operating runway
5.8mo
months of highly liquid reserves at operating expense rate▼ -37% vs prior filing year
Surplus margin
+11%
revenue over expenses, this year▼ -3% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$2.7M
FY2025▼ -7%
Total liabilities
$373K
FY2025▼ -44%
Revenue less expensesPt I · Ln 19$84K
Total assetsPt X · Ln 16$2.7M
Program-expense ratioPt IX · col B55%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 410

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CCoventry Reserve
EINHdr · item D20-0476382
Principal addressHdr · item CWylie, TX
WebsiteHdr · item Jwww.coventryreserve.org
Year of formationHdr · item L2003
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEmployment (J33)
Ruling yearIRS BMFMay 2006

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director Board President
$79,538Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Darlene Blakey’s $80K as Executive Director Board President is at the 71st percentile of top reported officer pay among 1216 $100K–1M employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Darlene Blakey$79,538$70,615$63,327$52,500$41,527$39,189

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $385K of program spending, described in the organization's own filed words · FY2025.
01

Day Hab Program. We promote engaged and creative learning in an environment that is structured to address mental, physical, social, emotional, and spiritual needs. Our low staff-to-participant ratio allows us to address the needs of each individual.

$385Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$307K · 39%
Contributions & grants$271K · 35%
Other revenue$195K · 25%
Investment income$5K · 1%
Program service revenue39%$307K
Contributions & grants35%$271K
Other revenue25%$195K
Investment income1%$5K
Total revenueLn 12$779K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.55 Management & general $0.45
Program services55%$385K
Management & general45%$310K
Total functional expensesLn 25$695K

Balance Sheet

Part X · end of year
CashLn 1$322K
Total assetsLn 16$2.7M
Total liabilitiesLn 26$373K
Total net assetsLn 32$2.3M
Months of cash on handcomputed5.6

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $322K · Operating expenses (Pt IX) $695K · Less non-cash grants $25K · Cash operating expenses/yr $670K
5.8 months
Where the money goes
Program services
Program services $385K · Total expenses $695K
55%
Management & General
Management & general $310K · Total expenses $695K
45%
Fundraising
Fundraising $0 · Total expenses $695K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $321K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $271K · Total revenue $779K
35%
Government reliance
Government grants $0 · Total revenue $779K
0%
Earned-income share
Program service revenue $307K · Total revenue $779K
39%
Investment reliance
Investment income $5K · Total revenue $779K
+0.7%
Program self-sufficiency
Program service revenue $307K · Total expenses $695K
44%
Growth & trend
Revenue growth (YoY)
This year $779K · Prior year $774K
+0.6%
Revenue CAGR
FY2020 $542K · FY2025 $779K
+8%
Net-asset trend (YoY)
End of year $2.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $779K · Expenses $695K
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $2.7M
—
Net-asset ratio
Net assets $2.3M · Total assets $2.7M
86%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $2.7M
0%
People & payroll
Highest Reported Total Compensation
Individual Darlene Blakey · Reported title Executive Director Board President · Highest reported compensation $80K · Total expenses $695K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $428K · Total expenses $695K
62%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 55%——
Overhead ratio 45%——
Revenue growth 0.6%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$779K revenue · viewing · ⤓ 990 PDF
FY2024$774K revenue · ⤓ 990 PDF
FY2023$1.1M revenue · ⤓ 990 PDF
FY2022$772K revenue · ⤓ 990 PDF
FY2021$531K revenue · ⤓ 990 PDF
FY2020$542K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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