Overview
What is Covenant Housing Corporation Of Central?
Covenant Housing Corporation of Central is a nonprofit organization situated in Syracuse, New York. Their primary mission is to provide housing solutions for individuals with low income and disabilities, promoting greater independence and community integration. During 2022, they owned and managed 27 residential properties, catering to 107 people in total. The corporation ensures these properties undergo necessary environmental modifications before turning them into accessible homes for individuals with special needs. Their workforce consists of 4 dedicated employees.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
Covenant Housing Corporation Of Central has earned a strong Four-Star rating from Charity Navigator, reflecting its high level of accountability and finance management. The overall score is primarily based on its accountability metrics, which received a perfect score, indicating a well-structured governance framework. The charity boasts 100% independent board members and adheres to sound practices regarding audits, conflict of interest, and document retention.
The organization demonstrates impressive financial stewardship, with a program expense ratio of 95.36%, ensuring that the vast majority of its funding is directed toward its mission. Additionally, its liabilities to assets ratio stands at a healthy 33.79%, which suggests that it maintains a solid financial position. The presence of comprehensive policies, including whistleblower and conflict of interest policies, further strengthens its operational integrity.
While the available data reflects positively on its governance and financial practices, specific details about its programmatic impact or community outcomes were not provided. Nevertheless, the charity's commitment to transparency and effective management is evident, making it a trustworthy choice for donors looking to support its initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Covenant Housing Corporation Of Central legitimate?
Covenant Housing Corporation Of Central is a legitimate nonprofit organization registered as a 501(c)(3) entity. Covenant Housing Corporation Of Central submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $70,346
Professional Fundraising Fees: $0
Other Salaries and Wages: $128,878
For more financial information, click here
What is the mission statement of Covenant Housing Corporation Of Central?
The mission of Covenant Housing Corporation of Central is geared towards promoting greater independence, inclusion, choice, and community integration for individuals with low income and disabilities. They achieve this by developing safe, affordable, and accessible housing options. The corporation acquires real property, makes necessary environmental modifications, and maintains these properties as residences for individuals with special needs. In 2022, they managed 27 such residential properties, providing homes for 107 people in total.
Who is the CEO of Covenant Housing Corporation Of Central?
Shannon Cunningham is the CEO of Covenant Housing Corporation Of Central The CEO's salary of Covenant Housing Corporation Of Central is $57,196 and their total compensation is $70,503.
What is the revenue of Covenant Housing Corporation Of Central?
Covenant Housing Corporation Of Central's revenue in 2024 was $877,239.
Who are the executives of Covenant Housing Corporation Of Central and what are their salaries?
The average compensation at Covenant Housing Corporation Of Central during 2024 was $49,806. There are 4 employees and 14 volunteers at Covenant Housing Corporation Of Central.
Here are 11 key members and their salaries (Covenant Housing Corporation Of Central's CEO's salary is $57,196 and their total compensation is $70,503):
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- Compensation: $57,196
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- Other: $13,307
Where can I find the form 990 for Covenant Housing Corporation Of Central?
Covenant Housing Corporation Of Central's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Covenant Housing Corporation Of Central
Covenant Housing Corporation of Central, as a nonprofit organization, is committed to a mission that encourages greater independence, inclusion, choice, and community integration for individuals with low income and disabilities. This is achieved through the development of safe, affordable, and accessible housing options. The corporation acquires real property, modifies it to cater to the needs of individuals with special requirements, and then maintains these properties as residences. In 2022, Covenant Housing Corporation of Central managed 27 such properties, providing homes for 107 people in total. The organization's mission is centered around creating an inclusive environment where individuals with low income and disabilities can live independently and integrate into their communities, thereby enhancing their overall quality of life.
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Impact
July, 2024
Covenant Housing Corporation Of Central provides crucial housing opportunities for individuals with low income and disabilities in Syracuse, NY. By acquiring and modifying real property to serve as residences for those with special needs, the organization supports 107 people across 27 properties as of 2022. Their mission to promote independence, inclusion, choice, and community integration through safe, affordable, and accessible housing options has a direct and significant impact on improving the quality of life for individuals facing challenges in finding suitable housing.
This information is meant to be a general summary of Covenant Housing Corporation Of Central. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Program Service Revenue: $427,812
- Gross Receipts: $877,239
Assets and Liabilities:
- Total Assets: $2,529,047
- Total Liabilities: $1,010,839
- Net Assets: $1,518,208
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICES
Revenue
$427,812
Organization Details
Founding Year
1992
Principal Officer
Richard Prue
NTEE Category
Code: Z99I - Unknown
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