Nonprofit · EIN 76-0573676
COVENANT COMMUNITY CAPITAL CORPORATION
Tax-exempt · HOUSTON, TX 77020
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,623,492 | $2,673,358 | -$49,866 | $7,943,258 | $2,643,801 | $5,299,457 |
| December 31, 2023 | 990 | $2,298,249 | $2,405,253 | -$107,004 | $8,316,557 | $2,967,234 | $5,349,323 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $922,106
- Program service revenue
- $1,664,505
- Investment income
- $36,881
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $476,686
- Compensation of officers, directors and key employees
- $99,982
- Other salaries and wages
- $259,735
- Salaries, compensation and benefits (total)
- $562,174
- Professional fundraising fees
- $0
- Legal fees
- $9,791
- Accounting fees
- $89,879
- Occupancy
- $25,182
- Travel
- $16,882
- Depreciation
- $291,273
- Program services (functional)
- $2,526,234
- Management and general (functional)
- $51,524
- Fundraising (functional)
- $95,600
Balance sheet and other
- Total assets, start of year
- $8,316,557
- Total assets, end of year
- $7,943,258
- Total liabilities, end of year
- $2,643,801
- Net assets, end of year
- $5,299,457
- Land, buildings and equipment
- $4,302,775
- Net assets without donor restrictions
- $4,134,742
- Net assets with donor restrictions
- $1,164,715
- Gross receipts
- $2,623,492
- Employees
- 7
- Year formed
- 1998
- 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 | President & CEO Trustee or director, Officer | 24 | $99,982 | $61,401 |
| John Cochran | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Karen Becerra | Director Trustee or director | 1 | $0 | $0 |
| Eugene Lee | Director Trustee or director | 1 | $0 | $0 |
| Gloria Sanderson | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Shad Bogany | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Stephan Fairfield | President & CEO Trustee or director, Officer | 24 | $98,026 | $38,482 |
| John Cochran | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Karen Becerra | Director Trustee or director | 1 | $0 | $0 |
| Eugene Lee | Director Trustee or director | 1 | $0 | $0 |
| Gloria Sanderson | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Shad Bogany | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3300 LYONS AVE STE 203, HOUSTON, TX 77020-8254
- In care of
- % STEPHAN FAIRFIELD
- Principal officer (990 for 2024)
- Stephan Fairfield, PO BOX 15398, HOUSTON, TX 77220
- Signed the 990
- STEPHAN FAIRFIELD, President & CEO
- Phone
- (832) 879-2204
- Return prepared by
- M GROUP LLP
Mission
Covenant equips aspirational working families to thrive and secure intergenerational resilience by acquiring affordable homes, accessing quality education, managing risk, and building savings for life.
Program accomplishments
- Affordable Family Townhome Rentals In 2010 PNC Bank approached Covenant to do a workout on a distressed 128-unit 2002 rental community in Baytown known as Townhomes of Bay Forest. Covenant obtained a $5,660,000 0% loan to retire the defaulted mortgage, make capital improvements, build a playground, and lower rents to be affordable to families earning 50% of the area median income. In 2018, Covenant acquired PNCs limited partner interest in the community. Covenant staff live onsite and provide after school, summer, and holiday family programming.Expenses $1,437,162 · revenue $1,520,747
- Family Asset Building through financial education, coaching, savings prizes, savings matches and 0% loans that equip aspirational working families to secure economic mobility and intergenerational resilience by acquiring affordable homes, accessing quality education,managing risk,and building savings for life.In 24 505 families recd financial education,538 financial coaching,170 saved an emergency fund of $500+,91 wrote their first will(new for 2024),98 recd cash savings prizes,and 54 families earning an average of $34,328 at enrollment rec'd a savings match to buy their first home. A 24 study of Home Mortgage Disclosure Act data by the Nat'l Community Reinvestment Coalition notedThere is a clear indication that Covenant clients are getting much better rates than similar borrowers that do not work with Covenant.This is seen throughout the entire set of data regardless of the borrowersDTI.Expenses $643,660 · grants $140,035 · revenue $368,519
- Community Asset Building through financing and development expertise to create home and job opportunities for low-income families. Since 2000 Covenant has facilitated the creation of 700+ jobs and 2,336 affordable homes, and restored 351 storm damaged homes. In 2024: we completed lease-up for the 93-unit Sunrise Lofts for youth aging out of foster care we developed for Tejano Center in EADO, and we restored roofs and general habitability for 28 low-income families impacted by Hurricane Beryl for the Greater Houston Disaster Alliance.Expenses $394,661 · grants $325,691 · revenue $370,000
- Bank on Houston, led by City Controller Chris Hollins, is a collaborative with the Federal Reserve, FDIC, United Way and local banks to help working households access affordable financial services. Covenant is the initiatives nonprofit sponsor and provides staff support and expense administration.Expenses $50,751 · revenue $34,700
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
- 76-0573676
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $7,943,258
- Income (IRS master file)
- $2,623,492
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,623,492 | $2,673,358 | $7,943,258 | XML |
| 990 | December 2023 | $2,298,249 | $2,405,253 | $8,316,557 | XML |
| 990 | December 2022 | $2,093,022 | $2,400,132 | $9,150,132 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 76-0573676).
Questions about COVENANT COMMUNITY CAPITAL CORPORATION
- What is the EIN of COVENANT COMMUNITY CAPITAL CORPORATION?
- The employer identification number (EIN) of COVENANT COMMUNITY CAPITAL CORPORATION is 76-0573676.
- Is COVENANT COMMUNITY CAPITAL CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to COVENANT COMMUNITY CAPITAL CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COVENANT COMMUNITY CAPITAL CORPORATION 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 COMMUNITY CAPITAL CORPORATION 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 COMMUNITY CAPITAL CORPORATION 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 COMMUNITY CAPITAL CORPORATION?
- The 990 for the year ended December 31, 2024 names Stephan Fairfield.
- Who are the officers and directors of COVENANT COMMUNITY CAPITAL CORPORATION?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $99,982 (Stephan Fairfield, President & CEO).
- How much revenue does COVENANT COMMUNITY CAPITAL CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,623,492, expenses of $2,673,358 and total assets of $7,943,258 at year end.
Other nonprofits in HOUSTON
- MANNED SPACE FLIGHT EDUCATION FOUNDATION INCORPORATED EIN 76-0217152 · last filed 990 for 2024
- LLOYDS REGISTER NORTH AMERICA INC EIN 76-0647353 · last filed 990 for 2025
- GULF COAST COMMUNITY SERVICES ASSN INC EIN 74-6067937 · last filed 990 for 2025
- AMERICAN PRODUCTIVITY & QUALITY CENTER INC EIN 74-2094629 · last filed 990 for 2024
- ASSOCIATION FOR MATERIALS PROTECTION AND PERFORMANCES INC EIN 45-3527806 · last filed 990 for 2024
- OLD SPANISH TRAIL-ALMEDA CORRIDORS REDEVELOPMENT AUTHORITY EIN 76-0586364 · last filed 990 for 2025
- JUNIOR LEAGUE OF HOUSTON INC EIN 74-1185659 · last filed 990 for 2025
- HERZSTEIN INVESTMENTS INC EIN 76-0694434 · last filed 990 for 2024
All nonprofits in HOUSTON · Texas · Community improvement and capacity building