Covenant House Florida INC FY2023 filing

Tax-deductible

Ft Lauderdale, FL501(c)(3)Since 1983Human ServicesEIN 59-2323607Revenue $7.3M in FY2023

On file with the IRScovenanthousefl.org733 Breakers Ave, 33304-4116 · Ft Lauderdale, FLTax-exempt since Dec 1983Publicly supported charity — 170(b)(1)(A)(vi)

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501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$179K paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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 $1.3M a year · 15% 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
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$179K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 9.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
45
named funders · $3.9M
Looks good: 45 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$625K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.3M
-18% vs prior year
Spent
$6.6M
To programs
82%
Net assets
$9.1M
By yearFY2020–FY2024
Revenue
$7.3M
FY2023▼ -18%
Tap a bar for its year
Revenue by fiscal year
FY2020$8.6M
FY2021$9.5M
FY2022$8.9M
FY2023$7.3M
FY2024$7.7M
FY2024$7.9M
Expenses
$6.6M
FY2023▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$8.1M
FY2021$7.4M
FY2022$6.8M
FY2023$6.6M
FY2024$6.6M
FY2024$6.8M
Net assets
$9.1M
FY2023▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.9M
FY2021$6.3M
FY2022$8.3M
FY2023$9.1M
FY2024$10.1M
FY2024$11.3M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1983.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $5.4M Management & general 12% · $785K Fundraising 6% · $380K

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

22 people listed on the 990; $179K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Chief Executive Officer
$178,886Pt VII · Sec A
Board Vice-Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Renee Trincanello Secretary’s $187K as CEO, Ch-FL is at the 87th percentile of top reported officer pay among 3869 $1–10M human services 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 · 4 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
James Gress—————$190,369
Renee Trincanello Secretary$187,131$183,409$178,886$152,055$165,305$163,641
James Gress Capital Campaign————$166,056—
David Weaver$13,173—————

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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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 shelter, food, healthcare, and vocational training to homeless, runaway, and parenting youth and their children in Florida.

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Provided by the organization

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3 programs · $5.0M · in their own filed words · FY2022
01

Shelter and Crisis Care (immediate Housing)

Covenant house florida, inc. Provided shelter and crisis care to a total of 819 unduplicated youth who received 35,000 days of crisis care (food, shelter, clothing, case management, health services, parenting education, independent living skills instruction, INDIVIDUAL/FAMILY counseling, job readiness training, education, etc.).

$3.5Mprogram expense
02

Rights of Passage

The rights of passage program provides transitional and rapid rehousing in scattered site apartments for up to 24 months to youths, including individual counseling and help with completing education and FINDING/MAINTAINING jobs and housing. A total of 87 youths received transitional housing in FY2023.

$894Kprogram expense
03

Young families program (formerly MOTHER/CHILD program)the young families program provides emergency services, short and long-term housing, food, and medical and mental health care to pregnant and parenting youth and their children.

$613Kprogram 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
See all 45 funders →
Grants paid · 3 grants · $60K · 2023–2024
Unitemized GrantFY2024$41,399
Unitemized GrantFY2024$9,600
Unitemized GrantFY2023$8,884

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$7.3M
Ln 12
Gifts and grantsLn 1h$7.2M
Investment incomeLn 3$131K
Money outPt IX
$6.6M
Ln 25
Programscol B$5.4M
Managementcol C$785K
Fundraisingcol D$380K
Owns and owesPt X
$9.1M
net assets · Ln 32
Cash and savingsLn 1–2$5.1M
Total assetsLn 16$9.7M
LiabilitiesLn 26$625K
PeoplePt VI, VII
22
listed · VII A
PaidVII A1
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.2M
Government grantsLn 1e$1.6M
Noncash giftsLn 1g$55K
Fundraising eventsLn 1c$619K
Investment incomeLn 3$131K
Total revenueLn 12$7.3M
Assets in detailPt X, end of year
CashLn 1$915K
SavingsLn 2$4.1M
Cash and savings togetherLn 1–2$5.1M
InvestmentsLn 11–13$1.9M
Land, buildings, equipmentLn 10c$1.5M
Other assetsLn 15$172K
Total assetsLn 16$9.7M
LiabilitiesLn 26$625K
Net assetsLn 32$9.1M
OperationsPt I, VI
EmployeesI 599
VolunteersI 620
Fiscal year endsHeaderJune
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$5.1M$5.1M
InvestmentsLn 11–13$903K$1.9M
Land, buildings, equipmentLn 10c$1.3M$1.5M
Total assetsLn 16$8.8M$9.7M
LiabilitiesLn 26$480K$625K
Net assetsLn 32$8.3M$9.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$999K$999K
Pay of current officers, directors and key staffLn 5$209K$209K
Pay of disqualified personsLn 6$70K$70K
Other salaries and wagesLn 7$3.2M$2.6M$265K$255K
Pension plan contributionsLn 8$246K$200K$33K$13K
Other employee benefitsLn 9$260K$208K$39K$13K
Payroll taxesLn 10$273K$217K$35K$21K
Accounting feesLn 11c$54K$54K
Other fees for servicesLn 11g$145K$112K$12K$21K
Office expensesLn 13$262K$225K$37K
Information technologyLn 14$103K$92K$7K$4K
OccupancyLn 16$482K$448K$26K$8K
TravelLn 17$56K$35K$17K$4K
Conferences, conventions and meetingsLn 19$9K$7K$2K$600
InterestLn 20$6K$6K$381$106
Depreciation, depletion and amortizationLn 22$152K$146K$4K$2K
InsuranceLn 23$30K$27K$2K$523
Other expenses (24a–d)Ln 24$54K$41K$12K$969
Total functional expensesLn 25$6.6M$5.4M$785K$380K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $7.7M$6.6M$1.0M$10.1M 990 PDF
FY2023 Viewing $7.3M$6.6M$752K$9.1M 990 PDF
FY2022 $8.9M$6.8M$2.1M$8.3M 990 PDF
FY2021 $9.5M$7.4M$2.1M$6.3M 990 PDF
FY2020 $8.6M$8.1M$479K$4.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $7,320,907 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,654,348$7,219,730
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $19,277$130,842
I-11 Other revenuePrior year $201,781−$29,665
I-12 Total revenuePrior year $8,875,406$7,320,907
I-13 Grants and similar amounts paidPrior year $879,003$998,979
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,636,143$4,217,492
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,269,505$1,352,604
I-18 Total expensesPrior year $6,784,651$6,569,075
I-19 Revenue less expensesPrior year $2,090,755$751,832
Part VI · Governance 18 of 18 board members independent, no flags
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
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 $7,320,907 across 9 lines filed
VIII-1c Fundraising events$618,956
VIII-1d Related organizations$2,006,310
VIII-1e Government grants$1,617,930
VIII-1f All other contributions, gifts and grants$2,976,534
VIII-1g Noncash contributions (included above)$54,881
VIII-1h Total contributions, gifts and grants$7,219,730
VIII-3 Investment incomeExcluded from tax $130,842$130,842
VIII-8 Net income from fundraising eventsExcluded from tax −$29,665−$29,665
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $101,177$7,320,907
Part IX · Statement of functional expenses $6,569,075 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $998,979$998,979
IX-5 Pay of current officers, directors and key staffManagement $208,964$208,964
IX-6 Pay of disqualified personsManagement $69,600$69,600
IX-7 Other salaries and wagesPrograms $2,640,281 · Management $264,971 · Fundraising $254,887$3,160,139
IX-8 Pension plan contributionsPrograms $200,446 · Management $32,548 · Fundraising $12,529$245,523
IX-9 Other employee benefitsPrograms $208,195 · Management $39,124 · Fundraising $13,014$260,333
IX-10 Payroll taxesPrograms $217,280 · Management $34,571 · Fundraising $21,082$272,933
IX-11c Accounting feesManagement $53,500$53,500
IX-11g Other fees for servicesPrograms $111,774 · Management $12,087 · Fundraising $20,812$144,673
IX-13 Office expensesPrograms $225,310 · Fundraising $36,953$262,263
IX-14 Information technologyPrograms $92,268 · Management $6,619 · Fundraising $4,322$103,209
IX-16 OccupancyPrograms $448,454 · Management $25,825 · Fundraising $7,770$482,049
IX-17 TravelPrograms $34,606 · Management $16,754 · Fundraising $4,383$55,743
IX-19 Conferences, conventions and meetingsPrograms $6,951 · Management $1,651 · Fundraising $600$9,202
IX-20 InterestPrograms $5,527 · Management $381 · Fundraising $106$6,014
IX-22 Depreciation, depletion and amortizationPrograms $145,990 · Management $4,346 · Fundraising $1,882$152,218
IX-23 InsurancePrograms $27,305 · Management $1,902 · Fundraising $523$29,730
IX-24 Other expenses (24a–d)Programs $41,195 · Management $11,839 · Fundraising $969$54,003
IX-25 Total functional expensesPrograms $5,404,561 · Management $784,682 · Fundraising $379,832$6,569,075
Part X · Balance sheet $9,680,511 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $711,463$914,647
X-2 Savings and temporary cash investmentsStart of year $4,399,467$4,147,865
X-3 Pledges and grants receivableStart of year $1,388,383$966,538
X-4 Accounts receivableStart of year $276$0
X-9 Prepaid expenses and deferred chargesStart of year $2,947$14,867
X-10c Land, buildings and equipment, netStart of year $1,321,574$1,526,137
X-11 Publicly traded securitiesStart of year $903,145$1,938,747
X-15 Other assetsStart of year $46,458$171,710
X-16 Total assetsStart of year $8,773,713$9,680,511
X-17 Accounts payable and accrued expensesStart of year $447,901$482,773
X-19 Deferred revenueStart of year $0$3,750
X-25 Other liabilitiesStart of year $32,567$138,308
X-26 Total liabilitiesStart of year $480,468$624,831
X-27 Net assets without donor restrictionsStart of year $6,084,970$7,318,186
X-28 Net assets with donor restrictionsStart of year $2,208,275$1,737,494
X-32 Total net assets or fund balancesStart of year $8,293,245$9,055,680
X-33 Total liabilities and net assetsStart of year $8,773,713$9,680,511
Part XI · Reconciliation of net assets $9,055,680 net assets at year end
XI-1 Total revenue$7,320,907
XI-2 Total expenses$6,569,075
XI-3 Revenue less expenses$751,832
XI-4 Net assets at start of year$8,293,245
XI-5 Net unrealized gains (losses) on investments$10,603
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$9,055,680

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

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