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
72 cents of each dollar spent went to programs.
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
19 people listed on the 990.
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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.
Questions for Covenant Place Foundation
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Social services are provided to assist low-income elderly residents with referrals to supportive services and government programs, understanding of housing compliance regulations, and access to programs, activities, and enjoyment of life at covenant place. Translation services are also provided to non-english speaking residents.
The aging ahead meal program is offered to residents and community seniors. The program is designed to provide weeknight meals, including kosher, if requested, for residents and community older adults to enjoy the nutrition and socialization.
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, and to age in place with dignity.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $193K | $420K |
| InvestmentsLn 11–13 | $3.5M | $3.8M |
| Land, buildings, equipmentLn 10c | $26K | $15K |
| Total assetsLn 16 | $4.4M | $4.6M |
| LiabilitiesLn 26 | $2.8M | $2.8M |
| Net assetsLn 32 | $1.6M | $1.9M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $354K | $354K | ||
| Pay of current officers, directors and key staffLn 5 | $73K | $73K | ||
| Other employee benefitsLn 9 | $4K | $4K | ||
| Payroll taxesLn 10 | $5K | $5K | ||
| Accounting feesLn 11c | $16K | $16K | ||
| Investment management feesLn 11f | $4K | $4K | ||
| Other fees for servicesLn 11g | $6K | $6K | ||
| Office expensesLn 13 | $24K | $24K | ||
| InterestLn 20 | $4K | $4K | ||
| Depreciation, depletion and amortizationLn 22 | $11K | $11K | ||
| InsuranceLn 23 | $6K | $6K | ||
| Other expenses (24a–d)Ln 24 | $73K | $65K | $8K | |
| Total functional expensesLn 25 | $581K | $419K | $153K | $8K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $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 Viewing | $719K | $581K | $138K | $1.9M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $719,184 revenue, 12 lines filed
Part VI · Governance 16 of 16 board members independent, no flags
Part VIII · Statement of revenue $719,184 across 9 lines filed
Part IX · Statement of functional expenses $580,804 across 12 lines filed
Part X · Balance sheet $4,606,410 assets, 16 lines filed
Part XI · Reconciliation of net assets $1,856,189 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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