Covenant Place Inc

Housing & shelter organization based in Smithfield, VA.0 Exempt under §501(c)(3).

MissionTHE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 40 UNIT APARTMENT COMMUNITY IN SMITHFIELD, VA KNOWN AS COVENANT PLACE APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY

Financial snapshot · TY 2024

$343K
Total revenue
$323K
Total expenses
$575K
Net assets

Financial health · TY 2024

26
Financial health needs attention
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
0
-40.3 months of expenses
Program efficiency
15
55.8% spent on programs
Revenue diversity
99
Mix of program fees, grants & contributions

No individual compensation data available.

This organization files with the IRS but does not report individual compensation on Form 990 Part VII.

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Covenant Place Inc Executive Compensation | 990 Data | DoubleNine