Nonprofit · EIN 56-2528573
COVENANT NEIGHBORHOODS INC
Tax-exempt · HOUSTON, TX 77219
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,960,688 | $2,685,079 | -$724,391 | $25,704,633 | $20,564,333 | $5,140,300 |
| December 31, 2023 | 990 | $804,467 | $573,601 | $230,866 | $26,421,724 | $20,557,033 | $5,864,691 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,887,695
- Investment income
- $72,993
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $6,000
- Compensation of officers, directors and key employees
- $178,373
- Salaries, compensation and benefits (total)
- $220,023
- Professional fundraising fees
- $0
- Legal fees
- $16,589
- Accounting fees
- $18,498
- Occupancy
- $28,280
- Depreciation
- $454,169
- Program services (functional)
- $2,636,570
- Management and general (functional)
- $37,508
- Fundraising (functional)
- $11,001
Balance sheet and other
- Total assets, start of year
- $26,421,724
- Total assets, end of year
- $25,704,633
- Total liabilities, end of year
- $20,564,333
- Net assets, end of year
- $5,140,300
- Land, buildings and equipment
- $6,447,087
- Net assets without donor restrictions
- $3,309,986
- Net assets with donor restrictions
- $1,830,314
- Gross receipts
- $1,960,688
- Employees
- 1
- Year formed
- 2003
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHAN FAIRFIELD | Executive Direc Trustee or director, Officer | 20 | $178,373 | $29,641 |
| MARLON MITCHELL | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| GERALD MCINTOSH | Secretary Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHAN FAIRFIELD | Executive Direc Trustee or director, Officer | 20 | $241,111 | $31,268 |
| MARLON MITCHELL | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| GERALD MCINTOSH | Secretary Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 130858, HOUSTON, TX 77219-0858
- Principal officer (990 for 2024)
- STEPHAN FAIRFIELD, PO BOX 130858, HOUSTON, TX 77219
- Signed the 990
- STEPHAN FAIRFIELD, President
- Phone
- (713) 223-1864
- Return prepared by
- M GROUP LLP
Mission
Covenant Neighborhoods fosters strong and stable communities by developing affordable homes, building family assets, increasing amenity access, and mentoring practitioners.
Program accomplishments
- In 2024 we restored roofs and general habitability for 28 low-income families impacted by Hurricane Beryl; provided asset management services for 613 affordable homes for seniors, working families, homeless women and children, and youth aging out of foster care; and operated a 193 senior affordable rental home community in Kingwood with free lift-equipped transportation, fitness and recreational amenities, and a 120 affordable rental home community for working families in downtown Houston with fitness and recreational amenities. Community expenses total $5,031,896 in 2024.Expenses $2,636,570 · revenue $1,887,695
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-2528573
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $25,704,633
- Income (IRS master file)
- $1,960,688
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,960,688 | $2,685,079 | $25,704,633 | XML |
| 990 | December 2023 | $804,467 | $573,601 | $26,421,724 | XML |
| 990 | December 2022 | $980,586 | $477,115 | $18,695,239 | IRS |
| 990 | December 2021 | $2,323,147 | $538,974 | $18,180,419 | IRS |
| 990 | December 2020 | $279,109 | $400,141 | $10,735,252 | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990 | December 2016 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-2528573).
Questions about COVENANT NEIGHBORHOODS INC
- What is the EIN of COVENANT NEIGHBORHOODS INC?
- The employer identification number (EIN) of COVENANT NEIGHBORHOODS INC is 56-2528573.
- Is COVENANT NEIGHBORHOODS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to COVENANT NEIGHBORHOODS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COVENANT NEIGHBORHOODS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COVENANT NEIGHBORHOODS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COVENANT NEIGHBORHOODS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of COVENANT NEIGHBORHOODS INC?
- The 990 for the year ended December 31, 2024 names STEPHAN FAIRFIELD.
- Who are the officers and directors of COVENANT NEIGHBORHOODS INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $178,373 (STEPHAN FAIRFIELD, Executive Direc).
- How much revenue does COVENANT NEIGHBORHOODS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,960,688, expenses of $2,685,079 and total assets of $25,704,633 at year end.
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