New York · Nonprofit
NEW COVENANT COMMUNITY DEVELOPMENT CORP
NEW COVENANT COMMUNITY DEVELOPMENT CORP (New York) receives grants from 4 organizations whose IRS filings report $292,474 to it, the largest being UNITED WAY OF NEW YORK CITY ($285,000). 1 of them have funded it in more than one year.
- Revenue FY2025
- $2.0M
- Funders on record
- 4
- Grants received
- $292k
- Net assets
- $65k
What New Covenant Community Development Corp does
Mission
We exist to combat poverty and deprivation by encouraging and expanding opportunities for economic and community development and by promoting housing development and ownership opportunities for community-based organizations, including the corporation, and for persons of low and moderate income, and otherwise to combat community deterioration and reduce neighborhood tensions through various means.
As stated on its FY2025 Form 990.
Programs
On its FY2024 return the organization reported starting a significant new program.
We participated in the United Way Connect to Care Program that provided health screening and lunch and learn events to the community.
Its own explanation, from Schedule O of that return (Part III, line 2).
Our operations are still mainly food pantry services. We operate twice weekly with a steady increase in our clients due to our food partners.
$1,882,864 spentof which $1,679,881 as grants$1,986,823 earned by the program94% of program spendingWe participated in the United Way Connect to Care Program that provided health screening and lunch and learn events to the community.
$110,000 spentof which $110,000 as grants6% of program spendingOther program services, not described on the e-filed return.
$0 spent0% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $1,992,864.
The organization over time
Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 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 2023 to 2024, from $103k to $72k (−30%).
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: 2021 95% · 2022 0% · 2023 94% · 2024 93% · 2025 90%. Grants only. Government contracts and fees sit inside program revenue.
100% of NEW COVENANT COMMUNITY DEVELOPMENT CORP’s revenue is contributions — more reliant on donations than three-quarters of its peers (81% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 5 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.
Board chair
Joseph Alexander
Board Chairman
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2022: the base held at 1 funder, grant income fell $68k → $6k.
From the IRS filings of NEW COVENANT COMMUNITY DEVELOPMENT CORP’s funders (the co-funder graph). Top 2 of 4 funders by total. 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
NEW COVENANT COMMUNITY DEVELOPMENT CORP leans on a few funders — its largest provides 97% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
100% 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 NEW COVENANT COMMUNITY DEVELOPMENT CORP.
Largest funder’s share by year: 2017 100% · 2020 100% · 2021 100% · 2022 100% — broadly stable.
“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.
Where its funders are
100% of NEW COVENANT COMMUNITY DEVELOPMENT CORP's grant income comes from New York funders.
In-state vs out-of-state, by year
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.
Against its field
NEW COVENANT COMMUNITY DEVELOPMENT CORP has grown faster than half of the 6,891 human services nonprofits its size.
this organization peer median middle 50% of peers· 6,891 human services nonprofits $1M–$10M, FY2025
Organizations like NEW COVENANT COMMUNITY DEVELOPMENT CORP
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 New York
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
100% of spending goes to programs.
Governance
Public support
100%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 1 related entity
- New Covenant Faith and Miracle Arena Inc · exempt
Screen this organization
A dated, signed PDF of the compliance screen for NEW COVENANT COMMUNITY DEVELOPMENT CORP: 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 NEW COVENANT COMMUNITY DEVELOPMENT CORP?
- NEW COVENANT COMMUNITY DEVELOPMENT CORP (New York) receives grants from 4 organizations whose IRS filings report $292,474 to it, the largest being UNITED WAY OF NEW YORK CITY ($285,000). 1 of them have funded it in more than one year.
- How many funders does NEW COVENANT COMMUNITY DEVELOPMENT CORP have?
- IRS filings report 4 organizations giving $292,474 in grants to NEW COVENANT COMMUNITY DEVELOPMENT CORP, 1 of which have funded it in more than one year.
- Who is the largest funder of NEW COVENANT COMMUNITY DEVELOPMENT CORP?
- UNITED WAY OF NEW YORK CITY is the largest funder on record, with $285,000 in grants. The full list of funders is on this page.
- How can an organization like NEW COVENANT COMMUNITY DEVELOPMENT CORP find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New York. 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 New Covenant Community Development →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2021–2025), and the filings of 4 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