Covenant Housing Corporation

Charity Navigator Rating: 86% (Three-Star out of Four Star rating)

Covenant Housing Corporation has received a Three-Star rating from Charity Navigator, which reflects its strong performance in accountability and finance. The charity scored an impressive 86% overall, driven entirely by its accountability measures. Key strengths include a fully independent board and high marks in financial audits and program expenses, indicating a strong commitment to transparency and effective use of funds.

While the organization demonstrates excellent governance and fiscal responsibility, there are areas for improvement. Notably, it lacks a whistleblower policy and a document retention and destruction policy, which are significant omissions in their governance framework. Despite these shortcomings, the charity’s program expense ratio of 98.62% highlights its focus on delivering services rather than administrative costs.

Overall, Covenant Housing Corporation exemplifies a financially sound organization with a strong governance structure, though it should address its policy deficiencies to enhance its accountability further.

This AI summary has been generated from information found on Charity Navigator.

Covenant Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Covenant Housing Corporation 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: $82,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,881,893

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