Covenant Community INC EIN 58-2010185 Form 990 (PDF) Claim this org

Covenant Community INC

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Helps people with addiction and homelessness find stability, jobs, and reintegrate into society. For fiscal year 2024 it reported $1.7M in revenue, $1.7M in expenses, and $906K in net assets.Pt I

Founded
1991
Type
Religious organization · Religion
Location
Atlanta, GA
Website
www.covenantatlanta.org
Filings
5 on file (2020–2024)
Revenue
$1.7MFY2024
Expenses
$1.7M
Net assets
$906K
People
15
Filings
5
Updates
0
More identity details & actions ⌄
EIN  58-2010185 Religious organization Atlanta, GA Founded 1991
Form 990 (PDF)
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Figures match the IRS filing checked 9/13/26 · see original: IRS
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Size
$1–10M
What they do
Helps people with addiction and homelessness find stability, jobs, and reintegrate into society.
Leadership
Christine Carter Love · Past Exec Dir · $130K
Money in and out
$1.7M revenue, $1.7M expenses
Bottom line
81% program efficiency
Where the money goes · FY2024
Total revenue
$1.7M
Pt VIII · Ln 12
Total expenses
$1.7M
Pt IX · Ln 25
Net assets
$906K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $44K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.11 Fundraising $0.08
Program efficiency
81%
of spending reaches programs-0.3% vs prior filing year
Operating runway
1.7mo
months of highly liquid reserves at operating expense rate▲ +143% vs prior filing year
Surplus margin
+3%
revenue over expenses, this year▲ +109% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.7M
FY2024▲ +14%
Expenses
$1.7M
FY2024▼ -14%
Total assets
$1.0M
FY2024▲ +13%
Total liabilities
$97K
FY2024▲ +262%
Total revenue
$1.7M
Pt VIII · Ln 12
Total expenses
$1.7M
Pt IX · Ln 25
Net assets
$906K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$44K
Total assetsPt X · Ln 16$1.0M
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

3 program services account for $1.3M of program spending, described in the organization's own filed words · FY2024.
01

We have impacted the Atlanta community by serving over 1,200 men experiencing homelessness and recovering from substance use disorder since our inception. Covenant's residential program alumni are successful entrepreneurs, homeowners, responsible family members, and productive citizens.

$1.3Mprogram expense
02

In FYE 9/30/25, the Sterne House, an apartment building with four two-bedroom/one- bath apartments acquired on 12/14/18 through Sterne House LLC, provides an interim housing option for the men who have successfully completed the program at Covenant Community. It allows them to save money and transition into independent living.

$75Kprogram expense
03

During FYE 9/30/2025, Recovery Resources of Atlanta Midtown (RRAM), a Recovery Community Organization (RCO), had approximately 1,852 visits each month, a total of 22,222 total recurring participants for the year, participating in services ranging from peer support, housing assistance, transportation assistance, and financial literacy for…

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCovenant Community INC
EINHdr · item D58-2010185
Principal addressHdr · item CAtlanta, GA
WebsiteHdr · item Jwww.covenantatlanta.org
Year of formationHdr · item L1991
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X12)
Ruling yearIRS BMFMar 1993

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$130,427Pt VII · Sec A
Executive Dir.
$91,269Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Christine Carter Love’s $130K as Past Exec Dir is at the 70th percentile of top reported officer pay among 1637 $1–10M religion 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 · 3 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Christine Carter Love$130,427$113,211$111,887$83,396
Johnathan Davis$89,946$93,583
Tamika Stewart$91,269

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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Statement of Revenue

Part VIII
Contributions & grants100%$1.7M
Program service revenue$6K
Investment income$56
Other revenue$825
— government grantsLn 1e$1.5M
Total revenueLn 12$1.7M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.11 Fundraising $0.08
Program services81%$1.3M
Management & general11%$187K
Fundraising8%$136K
Total functional expensesLn 25$1.7M

Balance Sheet

Part X · end of year
CashLn 1$231K
Total assetsLn 16$1.0M
Total liabilitiesLn 26$97K
Total net assetsLn 32$906K
Months of cash on handcomputed1.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $231K · Operating expenses/yr $1.7M
1.7 months
Where the money goes
Program services
Program services $1.3M · Total expenses $1.7M
81%
Management & General
Management & general $187K · Total expenses $1.7M
11%
Fundraising
Fundraising $136K · Total expenses $1.7M
8%
Cost to raise $1
Fundraising expense (3-yr avg) $118K · Solicited contributions (3-yr avg) $198K
$0.60 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.7M · Total revenue $1.7M
100%
Government reliance
Government grants $1.5M · Total revenue $1.7M
88%
Earned-income share
Program service revenue $6K · Total revenue $1.7M
0.4%
Investment reliance
Investment income $56 · Total revenue $1.7M
<0.01%
Program self-sufficiency
Program service revenue $6K · Total expenses $1.7M
0.4%
Growth & trend
Revenue growth (YoY)
This year $1.7M · Prior year $1.5M
+14%
Revenue CAGR
FY2019 $899K · FY2024 $1.7M
+14%
Net-asset trend (YoY)
End of year $906K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.7M · Expenses $1.7M
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $1.0M
Net-asset ratio
Net assets $906K · Total assets $1.0M
90%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.0M
0%
People & payroll
Highest Reported Total Compensation
Individual Christine Carter Love · Reported title PAST EXEC DIR · Highest reported compensation $130K · Total expenses $1.7M
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.1M · Total expenses $1.7M
69%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 11%
Fundraising cost ratio 8%
Revenue growth 14%

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
Total grants receivedfrom 1 funder$6K

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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
FY2024$1.5M revenue · ⤓ 990 PDF
FY2023$1.5M revenue · ⤓ 990 PDF
FY2022$1.3M revenue · ⤓ 990 PDF
FY2021$1.0M revenue · ⤓ 990 PDF
FY2020$899K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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