Covenant Commonwealth Corporation
Covenant Commonwealth Corporation consistently reports minimal expenses despite significant revenue, raising questions about program spending.
EIN: 204158996 · Brighton, MA · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.2M |
| Total Expenses | $350 |
| Program Spending | 1% |
| Net Assets | $5.3M |
| Transparency Score | 20/100 |
Search Intent Cockpit
Covenant Commonwealth Corporation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Covenant Commonwealth Corporation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Covenant Commonwealth Corporation in one place.
Form 990 Filing Summary
14 filing years are available, with latest revenue of $168K and expenses of $350.
Revenue and Expenses
Covenant Commonwealth Corporation reported $168K in revenue and $350 in expenses, a surplus of $168K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
20/100 mission score, 4 red flags, and 3 strengths are shown from structured and AI review.
Is Covenant Commonwealth Corporation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $4 (1%) |
Across stored filings, Covenant Commonwealth Corporation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Significant Concerns | Good filing record; 4 red flags identified |
| Mission spend | 1% to programs | Below Average |
| Financial durability | Grade A | 14 stored filing years |
| Peer context | Compare with Joint Committee For Childrens Health Care In Everett | Massachusetts and Category L context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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All Category L
Local and Sector Spokes
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Brighton, MA nonprofitsCategory L in Massachusetts
Human Services in Massachusetts
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Keep the Investigation Moving
Covenant Commonwealth Corporation directs 1% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Covenant Commonwealth Corporation
Covenant Commonwealth Corporation (EIN: 204158996) is a nonprofit organization based in Brighton, MA, classified under NTEE code L20. The organization reported total revenue of $3.2M and total assets of $7.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Covenant Commonwealth Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Covenant Commonwealth Corporation is a mid-size nonprofit that has been operating for 17 years, with 14 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $168K |
| Total Expenses | $350 |
| Surplus / Deficit | +$168K |
| Total Assets | $5.5M |
| Total Liabilities | $217K |
| Net Assets | $5.3M |
| Operating Margin | 99.8% |
| Debt-to-Asset Ratio | 4.0% |
| Months of Reserves | 187965.6 months |
Financial Health Grade: A
In 2023, Covenant Commonwealth Corporation reported a surplus of $168K with revenue exceeding expenses, holds 187965.6 months of operating reserves (strong position), has a debt-to-asset ratio of 4.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -54.7% | -88.2% | +2.0% |
| 2022 | -87.2% | +24.8% | +6.1% |
| 2021 | +354.6% | -3.7% | +126.4% |
| 2020 | +37.0% | +7.6% | +30.7% |
| 2019 | +492.2% | -92.0% | +84.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Covenant Commonwealth Corporation with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 1%
- programs: 1%
- fundraising: 98%
According to IRS 990 filings, Covenant Commonwealth Corporation allocates its expenses as follows: admin: 1%, programs: 1%, fundraising: 98%. Only 1% is directed toward programs, which may warrant further investigation by donors.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $168K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, suggesting either a fully volunteer-led organization or that compensation is categorized differently, which is unusual for an organization with millions in revenue and assets.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Covenant Commonwealth Corporation's IRS 990 filings:
- Extremely low reported expenses relative to revenue across multiple years (e.g., $350 expenses on $168,222 revenue in 2023).
- Significant asset accumulation ($987,390 in 2015 to $5,482,330 in 2023) without corresponding program spending.
- Consistent 0% officer compensation despite substantial organizational size and revenue.
- Lack of clarity on how the organization's mission (Housing Development) is being fulfilled with minimal reported expenditures.
Strengths
The following positive indicators were identified for Covenant Commonwealth Corporation:
- Consistent revenue generation, with latest revenue at $3,207,354.
- Strong asset growth, indicating financial stability and capacity.
- No reported officer compensation, potentially indicating a volunteer-driven leadership.
Frequently Asked Questions about Covenant Commonwealth Corporation
Is Covenant Commonwealth Corporation a legitimate charity?
Covenant Commonwealth Corporation (EIN: 204158996) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 20/100. It has 14 years of IRS 990 filings on record. Total revenue: $3.2M. 4 red flags identified. 3 strengths noted. Financial health grade: A.
How does Covenant Commonwealth Corporation spend its money?
Covenant Commonwealth Corporation directs 1% of its spending to programs and services. Fundraising costs 98%. This falls below the 65% benchmark.
Are donations to Covenant Commonwealth Corporation tax-deductible?
Covenant Commonwealth Corporation is registered as a tax-exempt nonprofit (EIN: 204158996). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Covenant Commonwealth Corporation's spending goes to programs?
Covenant Commonwealth Corporation directs 1% to programs, 98% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Covenant Commonwealth Corporation compare to similar nonprofits?
With a transparency score of 20/100 (Poor), Covenant Commonwealth Corporation is below average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Covenant Commonwealth Corporation located?
Covenant Commonwealth Corporation is headquartered in Brighton, Massachusetts and files with the IRS under EIN 204158996. It is classified under NTEE code L20.
How many years of IRS 990 filings does Covenant Commonwealth Corporation have?
Covenant Commonwealth Corporation has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.2M in total revenue.
Why are Covenant Commonwealth Corporation's reported expenses consistently so low compared to its revenue?
The filings show a stark contrast, for example, $168,222 in revenue vs. $350 in expenses in 2023, and $2,891,192 in revenue vs. $2,378 in expenses in 2021. This pattern is highly unusual for a nonprofit and requires clarification on how funds are being utilized or classified.
How does Covenant Commonwealth Corporation achieve its mission with such minimal reported expenses?
Given its NTEE code L20 (Housing Development, Construction & Management), which typically involves substantial costs, the reported expenses are exceptionally low. It's unclear how significant program activities or housing development could occur with such limited expenditures.
Is the organization accumulating assets rather than spending on its mission?
The organization's assets have grown from $987,390 in 2015 to $5,482,330 in 2023, while expenses remain negligible relative to revenue. This suggests a pattern of asset accumulation, which may or may not align with its immediate charitable purpose.
Are there any undisclosed related party transactions or non-cash expenses that explain the low cash outflow?
The provided data does not offer enough detail to answer this, but the extreme discrepancy between revenue and expenses warrants investigation into potential non-cash transactions, in-kind contributions, or related party dealings that might not be fully reflected in the 'expenses' line item.
Filing History
IRS 990 filing history for Covenant Commonwealth Corporation showing financial trends over 14 years of public records:
Total assets increased by 213802.8% over the same period, from $3K to $5.5M. Total functional expenses fell by 93.2%, from $5K to $350. In its most recent filing year (2023), Covenant Commonwealth Corporation reported a surplus of $168K, with revenue exceeding expenses. The organization holds $217K in liabilities against $5.5M in assets (debt-to-asset ratio: 4.0%), resulting in net assets of $5.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $168K | $350 | $5.5M | $217K | — | — |
| 2022 | $371K | $3K | $5.4M | $277K | — | — |
| 2021 | $2.9M | $2K | $5.1M | $337K | — | View 990 |
| 2020 | $636K | $2K | $2.2M | $397K | — | View 990 |
| 2019 | $464K | $2K | $1.7M | $505K | — | View 990 |
| 2018 | $78K | $29K | $928K | $183K | — | View 990 |
| 2018 | $305K | $152K | $945K | $250K | — | View 990 |
| 2017 | $66K | $36K | $794K | $252K | — | — |
| 2016 | $53K | $177K | $812K | $300K | — | View 990 |
| 2015 | $772K | $135K | $987K | $351K | — | View 990 |
| 2014 | $0 | $75 | $347K | $347K | — | View 990 |
| 2013 | $0 | $2K | $347K | $347K | — | View 990 |
| 2012 | $0 | $2K | $1K | $0 | — | View 990 |
| 2011 | $0 | $5K | $3K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $168K, expenses of $350, and assets of $5.5M (revenue -54.7% year-over-year).
- 2022: Revenue of $371K, expenses of $3K, and assets of $5.4M (revenue -87.2% year-over-year).
- 2021: Revenue of $2.9M, expenses of $2K, and assets of $5.1M (revenue +354.6% year-over-year).
- 2020: Revenue of $636K, expenses of $2K, and assets of $2.2M (revenue +37.0% year-over-year).
- 2019: Revenue of $464K, expenses of $2K, and assets of $1.7M (revenue +492.2% year-over-year).
- 2018: Revenue of $78K, expenses of $29K, and assets of $928K (revenue -74.3% year-over-year).
- 2018: Revenue of $305K, expenses of $152K, and assets of $945K (revenue +360.6% year-over-year).
- 2017: Revenue of $66K, expenses of $36K, and assets of $794K (revenue +24.6% year-over-year).
- 2016: Revenue of $53K, expenses of $177K, and assets of $812K (revenue -93.1% year-over-year).
- 2015: Revenue of $772K, expenses of $135K, and assets of $987K.
- 2014: Revenue of $0, expenses of $75, and assets of $347K.
- 2013: Revenue of $0, expenses of $2K, and assets of $347K.
- 2012: Revenue of $0, expenses of $2K, and assets of $1K.
- 2011: Revenue of $0, expenses of $5K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Covenant Commonwealth Corporation:
Data Sources and Methodology
This transparency report for Covenant Commonwealth Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.