2025-10-30T08:37:38-07:00 2024-12-31 263548566 M GROUP LLP 515 W SOUTHLAKE BLVD Ste 150 SOUTHLAKE TX 76092 990 2024-01-01 760573676 COVENANT COMMUNITY CAPITAL CORPORATION COVE 8328792204 PO BOX 15398 HOUSTON TX 77220 STEPHAN FAIRFIELD President & CEO 2025-10-30 true true MICHAEL C MARTIN P01421482 8178651360 2024 2025-03-06 01:10:19Z Stephan Fairfield PO BOX 15398 HOUSTON TX 77220 2623492 false X N/A X 1998 TX Covenant equips aspirational working families to thrive and secure intergenerational resilience by acquiring affordable homes, accessing quality education, managing risk, and building savings for life. 5 4 7 0 673238 922106 1580256 1664505 44755 36881 0 2298249 2623492 182162 476686 0 634800 562174 0 95600 1588291 1634498 2405253 2673358 -107004 -49866 8316557 7943258 2967234 2643801 5349323 5299457 X Covenant equips aspirational working families to thrive and secure intergenerational resilience by acquiring affordable homes, accessing quality education, managing risk, and building savings for life. false false 1437162 1520747 Affordable Family Townhome Rentals In 2010 PNC Bank approached Covenant to do a workout on a distressed 128-unit 2002 rental community in Baytown known as Townhomes of Bay Forest. Covenant obtained a $5,660,000 0% loan to retire the defaulted mortgage, make capital improvements, build a playground, and lower rents to be affordable to families earning 50% of the area median income. In 2018, Covenant acquired PNCs limited partner interest in the community. Covenant staff live onsite and provide after school, summer, and holiday family programming. 643660 140035 368519 Family Asset Building through financial education, coaching, savings prizes, savings matches and 0% loans that equip aspirational working families to secure economic mobility and intergenerational resilience by acquiring affordable homes, accessing quality education,managing risk,and building savings for life.In 24 505 families recd financial education,538 financial coaching,170 saved an emergency fund of $500+,91 wrote their first will(new for 2024),98 recd cash savings prizes,and 54 families earning an average of $34,328 at enrollment rec'd a savings match to buy their first home. A 24 study of Home Mortgage Disclosure Act data by the Nat'l Community Reinvestment Coalition notedThere is a clear indication that Covenant clients are getting much better rates than similar borrowers that do not work with Covenant.This is seen throughout the entire set of data regardless of the borrowersDTI. 394661 325691 370000 Community Asset Building through financing and development expertise to create home and job opportunities for low-income families. Since 2000 Covenant has facilitated the creation of 700+ jobs and 2,336 affordable homes, and restored 351 storm damaged homes. In 2024: we completed lease-up for the 93-unit Sunrise Lofts for youth aging out of foster care we developed for Tejano Center in EADO, and we restored roofs and general habitability for 28 low-income families impacted by Hurricane Beryl for the Greater Houston Disaster Alliance. 50751 34700 Bank on Houston, led by City Controller Chris Hollins, is a collaborative with the Federal Reserve, FDIC, United Way and local banks to help working households access affordable financial services. Covenant is the initiatives nonprofit sponsor and provides staff support and expense administration. 50751 34700 2526234 true true false false false false false false false false true false false true true true true false false false false false false false false false false false true true false false false false false false false false false false false false true true true false false false true 9 0 true 7 true false false false false false false false 0 false false false false false false false X 5 4 false false false false false false false true true false false true true true true true true true false false X STEPHAN FAIRFIELD 8328792204 3300 LYONS AVENUE SUITE 203 HOUSTON TX 77020 Stephan Fairfield President & CEO 24.00 0.00 X X 99982 0 61401 John Cochran Secretary 2.00 0.00 X X 0 0 0 Karen Becerra Director 1.00 0.00 X 0 0 0 Eugene Lee Director 1.00 0.00 X 0 0 0 Gloria Sanderson Chairman 1.00 0.00 X X 0 0 0 Shad Bogany Director 1.00 0.00 X 0 0 0 99982 61401 0 false true false 0 922106 922106 Other income 24808 24808 Partnership Mgmt Fees 73849 73849 Rental Income 1520747 1520747 Social Service fees 45101 45101 1664505 36881 36881 0 0 0 0 0 0 0 0 2623492 1701386 0 476686 476686 0 0 99982 53990 11998 33994 0 259735 259735 50646 43966 1743 4937 123796 98206 6676 18914 28015 24482 922 2611 0 9791 9791 89879 36167 18889 34823 0 0 0 0 0 63785 60482 2982 321 0 0 25182 25182 16882 16882 0 0 2469 2469 0 291273 288797 2476 289181 283343 5838 MULTIFAMILY SEE SCH O 700128 700128 Taxes 140119 140119 Bad Debt 5809 5809 0 2673358 2526234 51524 95600 775688 566470 0 0 1138993 835745 0 0 789931 1154707 0 73837 69835 10510867 6208092 4489925 4302775 0 0 0 0 1048183 1013726 8316557 7943258 174181 54727 2568298 2477380 224755 111694 2967234 2643801 X 4116498 4134742 1232825 1164715 5349323 5299457 8316557 7943258 -49866 X false true X true true true X 1905409 776402 602601 673238 922106 4879756 1310400 1378414 1432789 1580256 1664505 7366364 0 0 0 3215809 2154816 2035390 2253494 2586611 12246120 0 0 12246120 66975 55349 57632 44755 36881 261592 0 66975 55349 57632 44755 36881 261592 0 0 3282784 2210165 2093022 2298249 2623492 12507712 0.97910 0.97690 0.02090 0.02310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 780147 780147 7734244 4404220 3330024 1407795 1215288 192507 190374 190277 97 398307 398307 4302775 FUNDED RESERVES 798506 Other Assets 37022 Restricted Cash 127102 TENANT SECURITY DEPOSITS 51096 1013726 IDA Matching Advances 38995 Loss in Investment in Partnership 1105 PREPAID RENT 20498 Tenant security deposits 51096 111694 X 2623492 2623492 2623492 2673358 2673358 2673358 Part X : FIN48 Footnote The Corporation is a not-for-profit corporation under the provisions of Section 501(c)(3) of the Internal Revenue Code and is exempt from federal income taxes. The Corporation did not have any unrelated business income during 2024 and 2023. Current accounting standards require that entities recognize any uncertain tax position that is more-likely-than-not to be sustained upon examination. Management believes it has no material uncertain tax positions. Accordingly, no provision or benefits for income taxes have been recorded in the financial statements.Income tax returns filed by the Corporation are subject to examination by the Internal Revenue Service for a period of three years. There are no examinations currently in progress. true 0 0 IDA savings matching 71 140035 FMV N/A Hurricane Beryl home repairs 28 336651 FMV N/A X X false false false false false false false false false Stephan Fairfield President & CEO 83550 16432 14522 46879 161383 Form 990, Part VI, Section B, Line 11b Form 990 is reviewed by the President and trustees prior to filing. Form 990, Part VI, Section B, Line 12c Officers, Directors, Trustees and Key Employees are required to submit immediately for review any actions that could potentially pose a conflict in interest. Such interest is reviewed annually for changes. Form 990, Part VI, Section B, Line 15a The process includes review of applicable comparability data and compensation surveys. Form 990, Part VI, Section B, Line 15b The process includes review of applicable comparability data and salary surveys. Form 990, Part VI, Section C, Line 19 Documents are provided upon request. FORM 990, PART IX, LINE 24A MULTIFAMILY PROGRAM EXPENSES:PROPERTY STAFF 223,705PROPERTY STAFF BENEFITS 32,270ADVERTISING & MARKETING 8,015LEASING OFFICE EXPENSES 19,384PROPERTY MANAGEMENT FEES 75,789UTILITIES 162,577OPERATING & MAINTENANCE 172,221 _________TOTAL MULTIFAMILY EXPENSES $ 693,961 ========= Kingwood Senior Management LLC 3300 Lyons Avenue Suite 203 Houston TX 77020 020785952 Affordable Housing TX 9372 Covenant Community Capital Corp HAMMERLY DEVELOPMENT LLC 3300 Lyons Avenue Suite 203 HOUSTON TX 77020 474100922 Affordable Housing TX 13323 652930 Covenant Community Capital Corp Camelia Development LLC 3300 Lyons Ave Ste 203 Houston TX 77020 Affordable Housing TX Covenant Community Capital Corp Townhomes of Bay Forest LP 3300 Lyons Avenue Houston TX 77020 760651571 Low Income Housing TX Covenant Community C 1569080 5106168 false true 1.00000 Kingwood Senior Village GP LLC PO Box 15398 Houston TX 77020 510557192 Affordable Housing TX Covenant Community C Corp 73797 626628 1.00000 true Covenant Bay Forest LLC PO Box 15398 Houston TX 77020 274439224 Affordable Housing TX Covenant Community C Corp 52868 1004 1.00000 true false false false false false false false false false false false false false false false false false false false