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Nonprofiteer
← COVENANT NEIGHBORHOODS INC

Form 990 for tax year 2023

Filed by COVENANT NEIGHBORHOODS INC.

Totals

Total revenue
$804,467
Total expenses
$573,601
Contributions and grants received
$0
Grants paid
$246,000
Program service revenue
$672,148
Investment income
$132,319
Other revenue
$0
Total assets, end of year
$26,421,724
Total liabilities, end of year
$20,557,033
Net assets or fund balances, end of year
$5,864,691
Program services expenses (Part IX)
$510,013
Management and general expenses
$49,160
Fundraising expenses
$14,428
Program service expenses (Part III)
$510,013

Program services were 88.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • STEPHAN FAIRFIELD

    Executive Direc

    Total calculated
    $272,379
    From this org
    $241,111
    From related orgs
    $0
    Other
    $31,268
    Hours/week
    20

    Schedule J breakdown matched by us

    Base
    $241,111
    Bonus
    not reported
    Other
    not reported
    Deferred
    $31,268
    Nontaxable benefits
    not reported
    Filer's total
    $272,379

  • MARLON MITCHELL

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • GERALD MCINTOSH

    Secretary

    Total calculated
    $0
    Hours/week
    1

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

  • 3 · Approval by the board or compensation committee

Answered no

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

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

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • COVENANT MEADOWS LLC

    AFFORDABLE HOUSING · TX

    Directly controlled by COVENANT NEIGHBORHOODS INC

  • 2222 CLEBURNE DEVELOPMENT LLC

    AFFORDABLE HOUSING · TX

    Directly controlled by COVENANT NEIGHBORHOODS INC

  • 3103 MCKINNEY DEVELOPMENT LLC

    AFFORDABLE HOUSING · TX

    Directly controlled by COVENANT NEIGHBORHOODS INC

Related partnerships

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

  • Kingwood Senior Village LP

    RELATED · LOW INCOME HOUSING · TX · 99.99% owned · share of assets $8,076,355

    Directly controlled by COVENANT NEIGHBORHOO

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MCKEE CITY LIVING GP LLC

    C CORP · AFFORDABLE HOUSING · TX · 51% owned · controlled entity

    Directly controlled by COV NEIGHBORHOODS

Provenance

Return type
form_990
Tax year
2023
Filed
4 December 2025
IRS schema version
2023v6.0
Source object
202543389349300624

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