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← COVENANT INTERNATIONAL FOUNDATION

Form 990 for tax year 2023

Filed by COVENANT INTERNATIONAL FOUNDATION.

Totals

Total revenue
$67,530
Total expenses
$98,352
Contributions and grants received
$67,530
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$890,503
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$890,503
Program services expenses (Part IX)
$0
Management and general expenses
$98,352
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $67,530

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $64,796 · management and general $64,796

  • 22 · Depreciation, depletion and amortization

    total $30,822 · management and general $30,822

  • 23 · Insurance

    total $2,734 · management and general $2,734

Balance sheet

Part X, book values.

  • 10a · Land, buildings and equipment: cost or other basis

    $1,780,201

  • 10b · Land, buildings and equipment: accumulated depreciation

    $889,698

  • 10c · Land, buildings and equipment, net

    beginning of year $921,325 · end of year $890,503

  • 27 · Net assets without donor restrictions

    beginning of year $921,325 · end of year $890,503

Mission and programs · 2023

Mission

COVENANT INTERNATIONAL FOUNDATION WAS INCORPORATED TO ACQUIRE TITLE TO REAL PROPERTY AND MAKE THE SAME AVAILABLE ON REASONABLE TERMS AT NOT MORE THAN INCIDENTAL PROFIT TO CHARITABLE ORGANIZATIONS OPERATING AND MAINTAINING INSTITUTIONS FOR THE CARE AND MAINTENANCE OF DESTITUTE, DELINQUENT, ABANDONED, NEGLECTED, DEPENDENT, NOMADIC AND SEMI-NOMADIC YOUTH AND PERSONS IN NEED OF SUPERVISION.

  • COVENANT INTERNATIONAL FOUNDATION WAS INCORPORATED TO ACQUIRE TITLE TO REAL PROPERTY AND MAKE THE SAME AVAILABLE ON REASONABLE TERMS AT NOT MORE THAN INCIDENTAL PROFIT TO CHARITABLE ORGANIZATIONS OPERATING AND MAINTAINING INSTITUTIONS FOR THE CARE AND MAINTENANCE OF DESTITUTE, DELINQUENT, ABANDONED, NEGLECTED, DEPENDENT, NOMADIC AND SEMI-NOMADIC YOUTH AND PERSONS IN NEED OF SUPERVISION.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • William Bedrossian

    PRESIDENT & CEO

    Total calculated
    $548,397
    From this org
    $0
    From related orgs
    $473,206
    Other
    $75,191
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $462,156 related
    Bonus
    $0
    Other
    $0 + $11,050 related
    Deferred
    $0 + $19,328 related
    Nontaxable benefits
    $0 + $55,863 related
    Filer's total
    $0 + $548,397 related

  • Pamela Kournetas

    TREASURER

    Total calculated
    $410,812
    From this org
    $0
    From related orgs
    $388,115
    Other
    $22,697
    Hours/week
    0.5 + 34.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $376,665 related
    Bonus
    $0
    Other
    $0 + $11,450 related
    Deferred
    $0 + $22,159 related
    Nontaxable benefits
    $0 + $538 related
    Filer's total
    $0 + $410,812 related

  • John Ducoff

    SECRETARY

    Total calculated
    $418,079
    From this org
    $0
    From related orgs
    $356,163
    Other
    $61,916
    Hours/week
    0.5 + 34.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $355,473 related
    Bonus
    $0
    Other
    $0 + $690 related
    Deferred
    $0 + $27,659 related
    Nontaxable benefits
    $0 + $34,257 related
    Filer's total
    $0 + $418,079 related

  • Deirdre Cronin

    FORMER SECRETARY

    Total calculated
    $503,516
    From this org
    $0
    From related orgs
    $418,118
    Other
    $85,398
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $314,852 related
    Bonus
    $0
    Other
    $0 + $103,266 related
    Deferred
    $0 + $38,334 related
    Nontaxable benefits
    $0 + $47,064 related
    Filer's total
    $0 + $503,516 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE PRESIDENT/CEO'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE OF COVENANT HOUSE INTERNATIONAL (PARENT) WORKING IN CONJUNCTION WITH COMPARABILITY DATA SUCH AS SALARY SURVEYS WITH SIMILARLY SIZED NON-PROFITS. PERIODICALLY THE ORGANIZATION HIRES AN INDEPENDENT CONSULTANT TO REVIEW COMPARABLE SALARIES FOR THE PRESIDENT/CEO, OTHER OFFICERS AND KEY EMPLOYEES. GENERALLY THE BOARD EVALUATES THE PRESIDENT'S COMPENSATION ANNUALLY. THE DETERMINATION IS BASED ON THE PERFORMANCE EVALUATION THAT FACTORS INTO ACCOUNT EFFECTIVENESS, PERFORMANCE, AND ACHIEVEMENT OF GOALS.
PART I, LINE 4A
PURSUANT TO THE TERMS AND CONDITIONS OF DEIRDRE CRONIN'S SEPARATION AGREEMENT, COVENANT HOUSE INTERNATIONAL (PARENT) MADE PAYMENTS IN THE AMOUNT OF $296,154 IN 2023. THE PAYMENTS WERE TREATED AS TAXABLE COMPENSATION TO THE RECIPIENT.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • COVENANT HOUSE

    501(C)3 · HUMANITARIAN · NY

  • COVENANT HOUSE ALASKA

    501(C)3 · HUMANITARIAN · AK

    Directly controlled by COVENANT HOUSE

  • COVENANT HOUSE CALIFORNIA

    501(C)3 · HUMANITARIAN · CA

    Directly controlled by COVENANT HOUSE

  • COVENANT HOUSE FLORIDA

    501(C)3 · HUMANITARIAN · FL

    Directly controlled by COVENANT HOUSE

  • COVENANT HOUSE GEORGIA

    501(C)3 · HUMANITARIAN · GA

    Directly controlled by COVENANT HOUSE

  • COVENANT HOUSE ILLINOIS

    501(C)3 · HUMANITARIAN · IL

    Directly controlled by COVENANT HOUSE

  • COVENANT HOUSE MICHIGAN

    501(C)3 · HUMANITARIAN · MI

    Directly controlled by COVENANT HOUSE

  • COVENANT HOUSE MISSOURI

    501(C)3 · HUMANITARIAN · MO

    Directly controlled by COVENANT HOUSE

  • COVENANT HOUSE NEW JERSEY

    501(C)3 · HUMANITARIAN · NJ

    Directly controlled by COVENANT HOUSE

  • COVENANT HOUSE NEW ORLEANS

    501(C)3 · HUMANITARIAN · LA

    Directly controlled by COVENANT HOUSE

  • COVENANT HOUSE PENNSYLVANIA

    501(C)3 · HUMANITARIAN · PA

    Directly controlled by COVENANT HOUSE

  • COVENANT HOUSE TEXAS

    501(C)3 · HUMANITARIAN · TX

    Directly controlled by COVENANT HOUSE

  • COVENANT HOUSE WASHINGTON

    501(C)3 · HUMANITARIAN · DC

    Directly controlled by COVENANT HOUSE

  • COVENANT HOUSE WESTERN AVENUE

    501(C)3 · HOLDING CO · CA

    Directly controlled by COVENANT HOUSE

  • TESTAMENTUM

    501(C)3 · HOLDING CO · NY

    Directly controlled by COVENANT HOUSE

  • UNDER 21 COVENANT HOUSE NEW YORK

    501(C)3 · HUMANITARIAN · NY

    Directly controlled by COVENANT HOUSE

  • COVENANT HOUSE CONNECTICUT

    501(C)3 · HUMANITARIAN · CT

    Directly controlled by COVENANT HOUSE

  • COVENANT HOUSE CHICAGO

    501(C)3 · HUMANITARIAN · IL

    Directly controlled by COVENANT HOUSE

  • 268 WEST 44TH CORPORATION

    501(C)2 · HOLDING CO · NY

    Directly controlled by COVENANT HOUSE

  • RIGHTS OF PASSAGE INC

    501(C)3 · HUMANITARIAN · DE

    Directly controlled by COVENANT HOUSE

  • UNDER 21 BOSTON INC

    501(C)3 · HUMANITARIAN · MA

    Directly controlled by COVENANT HOUSE

  • COVENANT HOUSE TORONTO

    HUMANITARIAN · CA · controlled entity

    Directly controlled by COVENANT INTERNATIONAL FOUNDATION

  • COVENANT HOUSE VANCOUVER

    HUMANITARIAN · CA · controlled entity

    Directly controlled by COVENANT INTERNATIONAL FOUNDATION

  • ASOCIACION LA ALIANZA GUATEMALA

    HUMANITARIAN · GT · controlled entity

    Directly controlled by COVENANT INTERNATIONAL FOUNDATION

  • CASA ALIANZA DE HONDURAS

    HUMANITARIAN · HO · controlled entity

    Directly controlled by COVENANT INTERNATIONAL FOUNDATION

  • CASA ALIANZA NICARAGUA

    HUMANITARIAN · NU · controlled entity

    Directly controlled by COVENANT INTERNATIONAL FOUNDATION

  • FUNDACION CASA ALIANZA MEXICO IAP

    HUMANITARIAN · MX · controlled entity

    Directly controlled by COVENANT INTERNATIONAL FOUNDATION

  • CASA ALIANZA INTERNACIONAL

    HUMANITARIAN · CS · controlled entity

    Directly controlled by COVENANT INTERNATIONAL FOUNDATION

  • CH PENNSYLVANIA UNDER-21 HOLDINGS INC

    501(C)3 · HOLDING CO · PA

    Directly controlled by COVENANT HOUSE PENNSYLVANIA

  • CH HOUSING DEVELOPMENT FUND CORPORATION

    501(C)3 · PROVIDE TRANSITIONAL HOUSING · NY

    Directly controlled by COVENANT HOUSE

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • COVENANT HOUSE ILLINOIS QALICB LLC

    RELATED · DEVELOP PROPERTY · IL

    Directly controlled by COVENANT HOUSE ILLINOIS

  • CHGA CHI LEVERAGE LENDER LLC

    RELATED · DEVELOP PROPERTY · GA

    Directly controlled by COVENANT HOUSE GEORGIA

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202511349349306721

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