Covenant House New York

What it reported doing in 2024

Crisis shelter -covenant house New York (chny) provides services to youth experiencing homelessness who have nowhere else to turn. The chny crisis shelter is open 24 hours a day, 7 days a week, 365 days a year to any youth or young adult, age 16-21 who is experiencing homelessness. Chny also provides a 20-bed shelter for young female-identified adults, ages 21-24. Youth can stay in our crisis shelters for up to 60 days, or 120 days with an extension allowed by nys office of children and family services (ocfs). In fy2025, covenant house New York provided shelter and supportive services to 692 youth between these two sites. With capacity 140 beds per night, chny's crisis shelters specialize in ensuring that at-risk young people receive basic needs while moving toward stability in a supportive setting that emphasizes warmth and compassion. Many people who come to our crisis shelter have experienced significant trauma, including abuse, trafficking, rejection from family of origin, etc. The focus of chny's crisis shelter is to ensure the provision of basic needs in the form of food, shelter, and clothing, along with appropriate support and wraparound services such as counseling, physical/mental health programming, legal services, education and employment services, and more. Parent/child program -covenant house New York operates a residential continuum, including shelter, transitional, and permanent supportive housing, designed specifically for parenting youth & their dependent children. This program specializes in ensuring that these young families are receiving basic needs while moving toward stability in a supportive setting that emphasizes warmth and compassion. Many of the young parents who come to the program have experienced significant trauma, including domestic violence, abuse, trafficking, rejection, and addiction, and chny's focus is to ensure the provision of basic needs in the form of food, shelter, and clothing, along with other appropriate services such as counseling, parent training, physical/mental health, legal, vocational, and more. Our parent/child program also offers childcare and other services to ensure that the children are being nurtured in a loving and healthy manner. In fy2025, covenant house New York provided shelter, housing, and supportive services to 101 parents/pregnant youth and 67 children.

Financial Efficiency

• Mission deployment rate: 86.9%; rating input score 87
• Program expense ratio: 86.3%; rating input score 86
• Fundraising efficiency: $48.85 raised per $1 spent on fundraising; rating input score 75; 75th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Scored; rating input score 0
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -0.6%; rating input score 28; 28th percentile among comparable filings
• Total-asset coverage ratio: 0.61; rating input score 20; 20th percentile among comparable filings
• Liabilities to assets ratio: 0.54; rating input score 26; 26th percentile among comparable filings
• Officer compensation ratio: 4.2%; rating input score 58; 58th percentile among comparable filings

Growth

• Program expense growth: 5.4% per year; rating input score 100; 45th percentile among comparable filings
• Revenue growth: 6% per year; rating input score 100; 51st percentile among comparable filings
• Asset growth: 17.8% per year; rating input score 100; 86th percentile among comparable filings