Covenant Homes and Resources
Nonprofit profile at a glance
- EIN
- 831414443
- IRS 990-EZ coverage
- 2018–2024
- Forms available
- Form 990-EZ 2024
- Location
- Spokane, WA, USA
- Phone
- 5098426516
- Rating
- 49
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Temporary Housing
Reported finances
- Revenue
- $52,234
- Expenses
- $24,736
- Assets
- $333,794
- Liabilities
- $255,000
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Karen Fournier (President)
People named in this filing
- Karen Fournier (President)
- Cheryl Pirozok (Treasurer)
- Jane Murphy (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Charitable
What it reported doing in 2024
We are not technically open to house residents, but we are walking along side pregnant Moms, helping with mentoring, clothing, diapers, resources, education or employment counseling, etc.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 100
- Sustainability: 78
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 52.6%; rating input score 92; 92nd percentile among comparable filings
- Total-asset coverage ratio: 13.49; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: 0.76; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 4.8% per year; rating input score 100; 62nd percentile among comparable filings
- Revenue growth: 28.2% per year; rating input score 100; 93rd percentile among comparable filings
- Asset growth: 26.6% per year; rating input score 100; 90th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 7/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.