To provide caring support services to seniors

501(c)(3) charity; gifts are tax-deductible.
56¢ of each $1 spent went to programs.
Run by 16 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $120K a year · 23% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
56%
of spending
Worth a look: 56% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
114 mo
of spending, in cash
Looks good: 114.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
35% of total assets
Looks good: liabilities are 35% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$471K
-3% vs prior year
Spent
$374K
To programs
56%
Net assets
$2.4M
By yearFY2020–FY2024
Revenue
$471K
FY2024▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$719K
FY2021$412K
FY2022$466K
FY2023$484K
FY2024$471K
Expenses
$374K
FY2024▲ +27%
Tap a bar for its year
Expenses by fiscal year
FY2020$581K
FY2021$376K
FY2022$329K
FY2023$295K
FY2024$374K
Net assets
$2.4M
FY2024▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.9M
FY2021$2.0M
FY2022$1.9M
FY2023$2.2M
FY2024$2.4M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1988.

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

Where the money goes

56 cents of each dollar spent went to programs.

Program services 56% · $208K Management & general 44% · $165K Fundraising 0% · $801

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

21 people listed on the 990.

Part VII, Section A · reportable compensation
Board Chair
$0Pt VII · Sec A
1st Vice Chair
$0Pt VII · Sec A
2nd Vice Chair
$0Pt VII · Sec A
Vice Chair Building Development
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Immediate Past Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Covenant Place Foundation executive salaries →

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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

Offers caring support services to seniors.

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Provided by the organization

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3 programs · $190K · in their own filed words · FY2024
01

The aging ahead meal program is offered to residents and community seniors. The program provides weeknight meals, including kosher, if requested, for residents and community older adults to enjoy the nutrition and socialization.

$96Kprogram expense
02

Subsidized housekeeping services were provided on a sliding scale, based on income, to over 70 seniors. This assistance with cleaning and laundry helps elderly residents to maintain their apartment, delaying the need for institutional care, supporting them to age in place with dignity.

$83Kprogram expense
03

Health education seminars and screenings are regularly offered, and exercise classes are offered five days a week. Classes are free to residents and offered to the public at no or nominal cost. On-site geriatric primary care, and physical, occupational and speech therapy are easily accessible for residents and community seniors.

$11Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$1K
Grants paid · 3 grants · $236K · 2022–2024

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$471K
Ln 12
Gifts and grantsLn 1h$313K
Investment incomeLn 3$105K
Fees for servicesLn 2g$46K
Money outPt IX
$374K
Ln 25
Programscol B$208K
Managementcol C$165K
Fundraisingcol D$801
Owns and owesPt X
$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$3.6M
Total assetsLn 16$3.6M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
21
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$313K
Noncash giftsLn 1g$10K
Fees for servicesLn 2g$46K
Investment incomeLn 3$105K
Other incomeLn 4–11$7K
Gains on assetsLn 7$0
Total revenueLn 12$471K
Assets in detailPt X, end of year
CashLn 1$200
SavingsLn 2$3.6M
Cash and savings togetherLn 1–2$3.6M
Land, buildings, equipmentLn 10c$243
Total assetsLn 16$3.6M
LiabilitiesLn 26$1.3M
Net assetsLn 32$2.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 616
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$3.5M$3.6M
Land, buildings, equipmentLn 10c$2K$243
Total assetsLn 16$4.3M$3.6M
LiabilitiesLn 26$2.1M$1.3M
Net assetsLn 32$2.2M$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$96K$96K
Pay of current officers, directors and key staffLn 5$69K$69K
Other salaries and wagesLn 7$26K$26K
Pension plan contributionsLn 8$5$5
Other employee benefitsLn 9$4K$4K
Payroll taxesLn 10$6K$6K
Accounting feesLn 11c$24K$24K
Other fees for servicesLn 11g$4K$4K
Advertising and promotionLn 12$325$325
Office expensesLn 13$24K$24K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$112K$111K$801
All other expensesLn 24e$500$500
Total functional expensesLn 25$374K$208K$165K$801

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $471K$374K$97K$2.4M 990 PDF
FY2023 $484K$295K$189K$2.2M 990 PDF
FY2022 $466K$329K$137K$1.9M 990 PDF
FY2021 $412K$376K$36K$2.0M 990 PDF
FY2020 $719K$581K$138K$1.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $470,877 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $287,310$313,458
I-9 Program service revenuePrior year $40,768$46,298
I-10 Investment incomePrior year $148,797$104,541
I-11 Other revenuePrior year $7,453$6,580
I-12 Total revenuePrior year $484,328$470,877
I-13 Grants and similar amounts paidPrior year $69,960$96,310
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $87,659$104,581
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $137,618$172,927
I-18 Total expensesPrior year $295,237$373,818
I-19 Revenue less expensesPrior year $189,091$97,059
Part VI · Governance 19 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
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 $470,877 across 9 lines filed
VIII-1a Federated campaigns$152,072
VIII-1f All other contributions, gifts and grants$161,386
VIII-1g Noncash contributions (included above)$9,500
VIII-1h Total contributions, gifts and grants$313,458
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $46,298$46,298
VIII-3 Investment incomeExcluded from tax $104,541$104,541
VIII-7 Net gain or loss on sales of assets$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,580$6,580
VIII-12 Total revenueRelated to mission $52,878 · Unrelated business $0 · Excluded from tax $104,541$470,877
Part IX · Statement of functional expenses $373,818 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $96,310$96,310
IX-5 Pay of current officers, directors and key staffManagement $68,528$68,528
IX-7 Other salaries and wagesManagement $25,940$25,940
IX-8 Pension plan contributionsManagement $5$5
IX-9 Other employee benefitsManagement $4,046$4,046
IX-10 Payroll taxesManagement $6,062$6,062
IX-11c Accounting feesManagement $23,840$23,840
IX-11g Other fees for servicesManagement $3,750$3,750
IX-12 Advertising and promotionManagement $325$325
IX-13 Office expensesManagement $23,635$23,635
IX-22 Depreciation, depletion and amortizationManagement $2,101$2,101
IX-23 InsuranceManagement $6,736$6,736
IX-24 Other expenses (24a–d)Programs $111,239 · Fundraising $801$112,040
IX-24e All other expensesManagement $500$500
IX-25 Total functional expensesPrograms $207,549 · Management $165,468 · Fundraising $801$373,818
Part X · Balance sheet $3,648,545 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $200$200
X-2 Savings and temporary cash investmentsStart of year $3,486,529$3,559,320
X-3 Pledges and grants receivableStart of year $813,829$83,762
X-4 Accounts receivableStart of year $4,141$4,531
X-9 Prepaid expenses and deferred chargesStart of year $446$489
X-10c Land, buildings and equipment, netStart of year $2,344$243
X-16 Total assetsStart of year $4,307,489$3,648,545
X-17 Accounts payable and accrued expensesStart of year $6,594$16,472
X-25 Other liabilitiesStart of year $2,125,907$1,243,518
X-26 Total liabilitiesStart of year $2,132,501$1,259,990
X-27 Net assets without donor restrictionsStart of year $1,983,665$2,251,703
X-28 Net assets with donor restrictionsStart of year $191,323$136,852
X-32 Total net assets or fund balancesStart of year $2,174,988$2,388,555
X-33 Total liabilities and net assetsStart of year $4,307,489$3,648,545
Part XI · Reconciliation of net assets $2,388,555 net assets at year end
XI-1 Total revenue$470,877
XI-2 Total expenses$373,818
XI-3 Revenue less expenses$97,059
XI-4 Net assets at start of year$2,174,988
XI-5 Net unrealized gains (losses) on investments$116,508
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,388,555

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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