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Nonprofiteer
← COVENANT COMMUNITY CAPITAL CORPORATION

Form 990 for tax year 2024

Filed by COVENANT COMMUNITY CAPITAL CORPORATION.

Totals

Total revenue
$2,623,492
Total expenses
$2,673,358
Contributions and grants received
$922,106
Grants paid
$476,686
Program service revenue
$1,664,505
Investment income
$36,881
Other revenue
$0
Total assets, end of year
$7,943,258
Total liabilities, end of year
$2,643,801
Net assets or fund balances, end of year
$5,299,457
Program services expenses (Part IX)
$2,526,234
Management and general expenses
$51,524
Fundraising expenses
$95,600
Program service expenses (Part III)
$2,526,234

Program services were 94.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Stephan Fairfield

    President & CEO

    Total calculated
    $161,383
    From this org
    $99,982
    From related orgs
    $0
    Other
    $61,401
    Hours/week
    24

    Schedule J breakdown matched by us

    Base
    $83,550
    Bonus
    not reported
    Other
    $16,432
    Deferred
    $14,522
    Nontaxable benefits
    $46,879
    Filer's total
    $161,383

  • John Cochran

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Karen Becerra

    Director

    Total calculated
    $0
    Hours/week
    1

  • Eugene Lee

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gloria Sanderson

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Shad Bogany

    Director

    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 · Compensation survey or study
  • 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

No itemized grants to organizations 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.

  • Kingwood Senior Management LLC

    Affordable Housing · TX · assets $9,372

    Directly controlled by Covenant Community Capital Corp

  • HAMMERLY DEVELOPMENT LLC

    Affordable Housing · TX · income $13,323 · assets $652,930

    Directly controlled by Covenant Community Capital Corp

  • Camelia Development LLC

    Affordable Housing · TX

    Directly controlled by Covenant Community Capital Corp

Related partnerships

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

  • Townhomes of Bay Forest LP

    Low Income Housing · TX · 100% owned · share of income $1,569,080 · share of assets $5,106,168 · general or managing partner

    Directly controlled by Covenant Community C

Related corporations and trusts

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

  • Kingwood Senior Village GP LLC

    C Corp · Affordable Housing · TX · 100% owned · share of income $73,797 · share of assets $626,628 · controlled entity

    Directly controlled by Covenant Community

  • Covenant Bay Forest LLC

    C Corp · Affordable Housing · TX · 100% owned · share of income $52,868 · share of assets $1,004 · controlled entity

    Directly controlled by Covenant Community

Provenance

Return type
form_990
Tax year
2024
Filed
30 October 2025
IRS schema version
2024v5.2
Source object
202533039349300038

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