Covenant House Illinois Inc

Nonprofit profile at a glance

EIN
812061485
IRS 990 coverage
2017–2024
Forms available
Form 990 2024, Form 990-EZ 2016
Location
Chicago, IL, USA
Phone
3127597888
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Homeless Centers

Official website

Reported finances

Revenue
$9,070,644
Expenses
$5,992,728
Assets
$10,136,364
Liabilities
$717,015

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

21 people listed

Executive titles in this filing

  • SUSAN REYNA-GUERRERO (CHIEF EXECUTIVE OFFICER, CH-IL)
  • WILLIAM BEDROSSIAN (PRESIDENT/CEO)

Highest reported compensation

  • WILLIAM BEDROSSIAN (PRESIDENT/CEO): $535,850 total reported compensation
  • SUSAN REYNA-GUERRERO (CHIEF EXECUTIVE OFFICER, CH-IL): $264,818 total reported compensation
  • JENNIFER NELSON-SEALS (CHIEF OPERATIONS OFFICER): $170,341 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

See schedule o

What it reported doing in 2024

Found in 2017, covenant house Illinois (chil) provides comprehensive support services and residential care for homeless and trafficked young people. Since opening our doors, chil has served more than 1,600 youth and provided more than 25,000 nights of shelter and safety. Our mission is to provide young people (ages 18-24) with shelter and safety, trust and community, and a better tomorrow. At chil, we operate several core programs, including our interim housing program, transitional housing program - rights of passage, youth development center, employment & education program, and street outreach & aftercare program. We prioritize meeting the immediate needs of young people experiencing homelessness, providing sustenance and shelter, and access to identification and legal paperwork, all within a safe, stable environment. Our west side chicago campus, located in the east garfield park neighborhood, opened in october 2021 with increased 37 intern shelter bed capacity for youth to stay with no barriers or pre-conditions to entry.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 95% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 67
  • Transparency & Controls: 83
  • Accountability: 87
  • Sustainability: 66
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 56.2%; rating input score 56
  • Program expense ratio: 84.7%; rating input score 85
  • Fundraising efficiency: $25.37 raised per $1 spent on fundraising; rating input score 65; 65th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Scored; rating input score 0

Accountability

  • Independent voting board: 92.9%; rating input score 93; 23rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 33.9%; rating input score 86; 86th percentile among comparable filings
  • Total-asset coverage ratio: 1.69; rating input score 56; 56th percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 65; 65th percentile among comparable filings
  • Officer compensation ratio: 17%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: 21.2% per year; rating input score 100; 86th percentile among comparable filings
  • Revenue growth: 24.1% per year; rating input score 100; 91st percentile among comparable filings
  • Asset growth: 25.6% per year; rating input score 100; 90th percentile among comparable filings

Details

  • Where the money goes: 56.2% of revenue deployed · 84.7% of spending went to programs
  • Governance: 13 of 14 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $5.1M in reported program spending
  • Leadership: top reported pay $536K · 21 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $112K reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 8 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 25 filed related-organization links
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 56/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 56/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.