Texas · Nonprofit
COVENANT COMMUNITY CAPITAL CORPORATION
COVENANT COMMUNITY CAPITAL CORPORATION (Texas) receives grants from 12 organizations whose IRS filings report $6,113,757 to it, the largest being United Way of Greater Houston ($3,637,388). 7 of them have funded it in more than one year.
- Revenue FY2024
- $2.6M
- Funders on record
- 12
- Grants received
- $6.1M
- Net assets
- $5.3M
What Covenant Community Capital Corporation does
Mission
Covenant equips aspirational working families to thrive and secure intergenerational resilience by acquiring affordable homes, accessing quality education, managing risk, and building savings for life.
As stated on its FY2024 Form 990.
Programs
Affordable Family Townhome Rentals In 2010 PNC Bank approached Covenant to do a workout on a distressed 128-unit 2002 rental community in Baytown known as Townhomes of Bay Forest. Covenant obtained a $5,660,000 0% loan to retire the defaulted mortgage, make capital improvements, build a playground, and lower rents to be affordable to families earning 50% of the area median income. In 2018, Covenant acquired PNCs limited partner interest in the community. Covenant staff live onsite and provide after school, summer, and holiday family programming.
$1,437,162 spent$1,520,747 earned by the program57% of program spendingFamily Asset Building through financial education, coaching, savings prizes, savings matches and 0% loans that equip aspirational working families to secure economic mobility and intergenerational resilience by acquiring affordable homes, accessing quality education,managing risk,and building savings for life.In 24 505 families recd financial education,538 financial coaching,170 saved an emergency fund of $500+,91 wrote their first will(new for 2024),98 recd cash savings prizes,and 54 families earning an average of $34,328 at enrollment rec'd a savings match to buy their first home. A 24 study of Home Mortgage Disclosure Act data by the Nat'l Community Reinvestment Coalition notedThere is a clear indication that Covenant clients are getting much better rates than similar borrowers that do not work with Covenant.This is seen throughout the entire set of data regardless of the borrowersDTI.
$643,660 spentof which $140,035 as grants$368,519 earned by the program25% of program spendingCommunity Asset Building through financing and development expertise to create home and job opportunities for low-income families. Since 2000 Covenant has facilitated the creation of 700+ jobs and 2,336 affordable homes, and restored 351 storm damaged homes. In 2024: we completed lease-up for the 93-unit Sunrise Lofts for youth aging out of foster care we developed for Tejano Center in EADO, and we restored roofs and general habitability for 28 low-income families impacted by Hurricane Beryl for the Greater Houston Disaster Alliance.
$394,661 spentof which $325,691 as grants$370,000 earned by the program16% of program spendingBank on Houston, led by City Controller Chris Hollins, is a collaborative with the Federal Reserve, FDIC, United Way and local banks to help working households access affordable financial services. Covenant is the initiatives nonprofit sponsor and provides staff support and expense administration.
$50,751 spent$34,700 earned by the program2% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $2,526,234.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2017 to 2018, from $9.3M to $12M (+24%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 38% · 2019 3% · 2020 1% · 2021 5%. Grants only. Government contracts and fees sit inside program revenue.
35% of COVENANT COMMUNITY CAPITAL CORPORATION’s revenue is contributions — about as donation-reliant as the typical peer (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 6 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Stephan Fairfield
President & CEO
Board chair
Gloria Sanderson
Chairman
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 4 funders to 6 funders, grant income rose $548k → $586k.
1 of 12 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 3% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of COVENANT COMMUNITY CAPITAL CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
COVENANT COMMUNITY CAPITAL CORPORATION leans on a few funders — its largest provides 59% of grant income and the top three 91%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
99% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund COVENANT COMMUNITY CAPITAL CORPORATION.
Largest funder’s share by year: 2017 73% · 2018 48% · 2019 56% · 2020 61% · 2021 50% · 2022 65% · 2023 49% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
43% of COVENANT COMMUNITY CAPITAL CORPORATION's funders are still giving 3 years after their first grant; 58% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
73% of COVENANT COMMUNITY CAPITAL CORPORATION's grant income comes from Texas funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $163k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
COVENANT COMMUNITY CAPITAL CORPORATION has grown faster than half of the 4,203 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 4,203 community improvement nonprofits $1M–$10M, FY2024
Government funding COVENANT COMMUNITY CAPITAL CORPORATION receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $549k on record.
- Department of Health and Human Services$439k
- Department of Agriculture$110k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like COVENANT COMMUNITY CAPITAL CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Texas
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
94% of spending goes to programs.
Governance
Public support
98%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Part of a family of 6 related entities
- Kingwood Senior Management LLC · disregarded
- Hammerly Development LLC · disregarded
- Camelia Development LLC · disregarded
- Townhomes of Bay Forest LP · partnership
- Kingwood Senior Village GP LLC · corp_trust
Screen this organization
A dated, signed PDF of the compliance screen for COVENANT COMMUNITY CAPITAL CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds COVENANT COMMUNITY CAPITAL CORPORATION?
- COVENANT COMMUNITY CAPITAL CORPORATION (Texas) receives grants from 12 organizations whose IRS filings report $6,113,757 to it, the largest being United Way of Greater Houston ($3,637,388). 7 of them have funded it in more than one year.
- How many funders does COVENANT COMMUNITY CAPITAL CORPORATION have?
- IRS filings report 12 organizations giving $6,113,757 in grants to COVENANT COMMUNITY CAPITAL CORPORATION, 7 of which have funded it in more than one year.
- Who is the largest funder of COVENANT COMMUNITY CAPITAL CORPORATION?
- United Way of Greater Houston is the largest funder on record, with $3,637,388 in grants. The full list of funders is on this page.
- How can an organization like COVENANT COMMUNITY CAPITAL CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Texas. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Covenant Community Capital →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 12 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing