LHousing & ShelterEIN: 260744025· Ruling Year: 2024

Covenant Home Services

Skokie, Illinois

CHealth Score
38C

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Below Average

How This Organization Compares

Compared to 3 peers in Housing & Shelter with $10M-$100M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org-0.29×
Peer Median12.01×
💰
$17.3M
Total Revenue
📊
$16.6M
Total Expenses
🏦
-$4.8M
Net Assets
📋
$9.2M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-2.0%
Year-over-year change (2022 → 2023)
Net Margin
+4.1%
Revenue minus expenses as % of revenue
Working Capital Ratio
-0.29
Net assets divided by total expenses
Liabilities-to-Assets
207.6%
Total liabilities as % of total assets

Filing History

12 filings on record
YearRevenueExpensesAssets
2023$17,349,0162%$16,638,2984%$4,443,6892%
2022$17,696,11111%$17,272,779$4,543,3833%
2021$19,945,01011%$17,273,1184%$4,392,4296%
2020$17,993,92154%$17,917,93356%$4,670,9315%
2019$11,684,57838%$11,516,88825%$4,930,7436%
2019$18,923,6199%$15,371,36931%$5,244,46122%
2018$20,703,69712%$22,143,29116%$6,704,1445%
2017$18,427,92723%$19,063,6229%$6,371,2715%
2016$23,788,32357%$17,458,1266%$6,063,18518%
2015$15,168,73032%$16,477,67518%$5,139,70320%
2013$11,522,19610%$13,971,1684%$4,280,25914%
2012$10,504,136$14,581,597$3,762,392

Frequently Asked Questions

What does Covenant Home Services do?

Covenant Home Services is a housing & shelter nonprofit organization based in Illinois. It is classified under NTEE code L22 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Covenant Home Services financially healthy?

Based on our 9-metric Financial Health Score model, Covenant Home Services has a score of 38/100 (Grade: C). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Covenant Home Services generate?

Covenant Home Services reports $19.3M in annual revenue and holds $4.8M in total assets, based on IRS filings.

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