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Texas · Nonprofit

COVENANT NEIGHBORHOODS INC

COVENANT NEIGHBORHOODS INC (Texas) receives grants from 1 organization whose IRS filings report $25,000 to it, the largest being GULF COAST HOUSING PARTNERSHIP INC ($25,000). 0 of them have funded it in more than one year.

Revenue FY2024
$2.0M
Funders on record
1
Grants received
$25k
Net assets
$5.1M
0/1 repeat funderspeak grant-dependency 9%
01What it does

What Covenant Neighborhoods Inc does

Mission

Covenant Neighborhoods fosters strong and stable communities by developing affordable homes, building family assets, increasing amenity access, and mentoring practitioners.

As stated on its FY2024 Form 990.

Program

  1. In 2023 we completed lease-up of McKee City Living, a $27,550,000 120-unit mixed-income family community in Houstons downtown Warehouse District; completed development of a $26,700,000 93-unit amenity-rich community with job and life skills training for youth exiting foster care in Houstons EADO; provided asset management for Montrose Centers Law Harrington senior community and clinic; for Bay Forest Townhomes in Baytown, like assistance to The Womens Home for their Family Place residences and service center for homeless women and children; and operated Kingwood Senior Village, a 193 affordable rental home community in a high amenity location with free lift-equipped transportation.

    $510,013 spentof which $246,000 as grants$237,000 earned by the program
    100% of program spending

The program described on its FY2023 Form 990. Program spending in total: $510,013.

02The organization over time

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.

100 = 20172017 Revenue 100 ($145k) Expenses 100 ($141k) Net assets 100 ($2.9M)2018 Revenue 122 ($178k) Expenses 83 ($117k) Net assets 102 ($3.0M)2019 Revenue 430 ($625k) Expenses 99 ($140k) Net assets 119 ($3.5M)2020 Revenue 192 ($279k) Expenses 284 ($400k) Net assets 115 ($3.3M)2021 Revenue 1599 ($2.3M) Expenses 382 ($539k) Net assets 176 ($5.1M)2022 Revenue 675 ($981k) Expenses 338 ($477k) Net assets 193 ($5.6M)2023 Revenue 554 ($804k) Expenses 406 ($574k) Net assets 201 ($5.9M)2024 Revenue 1350 ($2.0M) Expenses 1903 ($2.7M) Net assets 176 ($5.1M)
'17'18'19'20'21'22'23'24
Revenue (1350)Expenses (1903)Net assets (176)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $19M to $26M (+41%).

$3.3M
$3.0M
$3.5M
$11M
$18M
$19M
$26M
$26M
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

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.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

0% of COVENANT NEIGHBORHOODS INC’s revenue is contributions — more earned-revenue than three-quarters of its peers (39% for the typical peer).

This organization
Typical peer · 4,214 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 8 reported years ran a deficit.

$4k
’17
$61k
’18
$485k
’19
−$121k
’20
$1.8M
’21
$503k
’22
$231k
’23
−$724k
’24
10
months of
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.

Board chair

Marlon Mitchell

Chairman

As listed on its FY2024 Form 990.

'17'18'19'20'21'22'23'24
Listed33333333
Joined·+0+0+0+0+0+0+0
No longer listed·0000000
03Who funds it

Who funds it, year by year

Grant support over time, funder by funder — shade shows the grant size each year.

Funder
'20
total
funders
1

From the IRS filings of COVENANT NEIGHBORHOODS INC’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.

Where its funders are

COVENANT NEIGHBORHOODS INC draws 100% of its grant income from funders outside Texas, across 1 state in all.

LA

Funder states come from each funder’s own filing. 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.

04Its place in the field

Against its field

COVENANT NEIGHBORHOODS INC has grown faster than three-quarters of the 3,973 housing & shelter nonprofits its size.

Operating margin−37% · bottom quartile
Months of reserve10.4mo · above the median
Revenue growth (annualized)45% · top quartile

this organization peer median middle 50% of peers· 3,973 housing & shelter nonprofits $1M–$10M, FY2024

Organizations like COVENANT NEIGHBORHOODS INC

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

Covenant Community Capital Corporation95%Community Outreach Housing80%Habitat for Humanity Northwest Harris County79%Community Housing Resource Partners Inc79%Neighborhood Housing Services of Waco78%Foundation Communities Inc78%Family Endeavors Inc78%Foundation Communities Group Return76%

Nationally

Covenant Community Capital Corporation95%Covenant Homes Incorporated83%Community Housing Network Inc81%Neighborhoods Inc of Battle Creek81%Neighborhood Housing Services of Waterbury Inc80%Heritage Housing Partners Corporation80%Neighborhood Housing Services of Hamilton Inc80%Church of the Messiah Housing Corporation80%
05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

98% of spending goes to programs.

Program 98%Management 1%Fundraising 0%

Governance

3
board members
67%
independent
✓Conflict-of-interest policy–Whistleblower policy–Document retention✓Board reviewed the 990–Audited financials

Public support

97%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Part of a family of 5 related entities

  • Covenant Meadows LLC · disregarded
  • 2222 Cleburne Development LLC · disregarded
  • 3103 McKinney Development LLC · disregarded
  • Kingwood Senior Village LP · partnership
  • McKee City Living Gp LLC · corp_trust

Screen this organization

A dated, signed PDF of the compliance screen for COVENANT NEIGHBORHOODS INC: 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.

A paid feature, included from the $75 plan up. Sign in to download.

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 NEIGHBORHOODS INC?
COVENANT NEIGHBORHOODS INC (Texas) receives grants from 1 organization whose IRS filings report $25,000 to it, the largest being GULF COAST HOUSING PARTNERSHIP INC ($25,000). 0 of them have funded it in more than one year.
How many funders does COVENANT NEIGHBORHOODS INC have?
IRS filings report 1 organization giving $25,000 in grants to COVENANT NEIGHBORHOODS INC.
Who is the largest funder of COVENANT NEIGHBORHOODS INC?
GULF COAST HOUSING PARTNERSHIP INC is the largest funder on record, with $25,000 in grants. The full list of funders is on this page.
How can an organization like COVENANT NEIGHBORHOODS INC 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.

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 1 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