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Covenant Apartments II INC

St Louis, MOUnknown exempt organization EIN 31-1617841Latest filing we have: 2022. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRScovenantplacestl.orgSt Louis, MO

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Covenant Apartments II, INC. Provided affordable housing for seniors in a vibrant, safe, and supportive community.

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-1617841) · Dispute this line
100¢ of each $1 spent went to programs.
Run by 16 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
The latest return is for FY2023, 3 tax years back.
IRS e-file · Filing history
Surplus or deficit
0 of 3
filings with a surplus
Average deficit $2.3M a year · 3426% of revenue · last 3 filings
A surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
15
of 15 voting members
15 of 15 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$0
-100% vs prior year
Spent
$596K
To programs
100%
Net assets
$0
By yearFY2021–FY2023
Revenue
$0
FY2023▼ -100%
Tap a bar for its year
Revenue by fiscal year
FY2021$201K
FY2022$87
FY2023$0
Expenses
$596K
FY2023▼ -89%
Tap a bar for its year
Expenses by fiscal year
FY2021$917K
FY2022$5.6M
FY2023$596K
Net assets
$0
FY2023▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2021$6.5M
FY2022$912K
FY2023$0

From the FY2023 Form 990 (year ending April 2023) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $596K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

18 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Joan Denison
President and CEO
$0Pt VII · Sec A
Jennifer Schmitz
Chief Operating Officer (thru 11/22)
$0Pt VII · Sec A
Nancy Hawk
Chief Financial Officer
$0Pt VII · Sec A
Howard Rosen
Board Chair
$0Pt VII · Sec A
Brian Newman
1st Vice Chair
$0Pt VII · Sec A
Barry Spiegelglass
Vice Chair Building Development
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Covenant Apartments II INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides affordable, safe housing and community for seniors.

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1 program · $596K · in their own filed words · FY2022
01

Through june 30, 2019, the organization provided apartment rental housing for senior citizens pursuant to section 221(d)(4) of the national housing act. All residents were moved to a new senior housing building as of june 30, 2019.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-1617841) · Dispute this line
$596Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $5.6M · 2021–2021
Community Housing Management CorpMO · FY2021$5,562,616

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Apr 2019 · $1.5M federal money spent
Section 8 Housing Assistance Payments Program Special Allocations (recovery Act Funded)Department of Housing and Urban Development · ALN 14.317 · Direct$1.5M

The auditor reported 1 finding: doubt the group can keep going, a weakness in money controls, questioned costs.

Year ending Apr 2018 · $1.5M federal money spent
Section 8 Housing Assistance Payments Program Special Allocations (recovery Act Funded)Department of Housing and Urban Development · ALN 14.317 · Direct$1.5M

The auditor reported no findings.

Year ending Apr 2017 · $1.7M federal money spent
Section 8 Housing Assistance Payments Program Special Allocations (recovery Act Funded)Department of Housing and Urban Development · ALN 14.317 · Direct$1.5M
Mortgage Insurance_rental and Cooperative Housing for Moderate Incom...Department of Housing and Urban Development · ALN 14.135 · Direct$250K

The auditor reported no findings.

Year ending Apr 2016 · $1.8M federal money spent
Section 8 Housing Assistance Payments Program Special Allocations (recovery Act Funded)Department of Housing and Urban Development · ALN 14.317 · Direct$1.4M
Mortgage Insurance_rental and Cooperative Housing for Moderate Income Families and Elderly, Market Interest RateDepartment of Housing and Urban Development · ALN 14.135 · Direct$423K

The auditor reported no findings.

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$0
Ln 12
Money outPt IX
$596K
Ln 25
Programscol B$596K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
18
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Total revenueLn 12$0
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 616
Fiscal year endsHeaderApril
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$912K$0
Total assetsLn 16$912K$0
LiabilitiesLn 26$0$0
Net assetsLn 32$912K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$596K$596K
Total functional expensesLn 25$596K$596K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest ViewingFiled with the IRS Sep 2, 2023 $0$596K−$596K$0 990 PDF
FY2022Filed with the IRS Sep 7, 2022 $87$5.6M−$5.6M$912K 990 PDF
FY2021Filed with the IRS Nov 8, 2021 $201K$917K−$717K$6.5M 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $0 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $87$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $87$0
I-13 Grants and similar amounts paidPrior year $5,562,616$595,909
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $7,014$0
I-18 Total expensesPrior year $5,569,630$595,909
I-19 Revenue less expensesPrior year −$5,569,543−$595,909
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $0 across 1 lines filed
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
Part IX · Statement of functional expenses $595,909 across 1 line filed
IX-1 Grants to domestic organizationsPrograms $595,909$595,909
IX-25 Total functional expensesPrograms $595,909 · Management $0 · Fundraising $0$595,909
Part X · Balance sheet $0 assets, 20 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $3$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $912,200$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $912,203$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $912,203$0
X-32 Total net assets or fund balancesStart of year $912,203$0
X-33 Total liabilities and net assetsStart of year $912,203$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$0
XI-2 Total expenses$595,909
XI-3 Revenue less expenses−$595,909
XI-4 Net assets at start of year$912,203
XI-9 Other changes in net assets−$316,294
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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