Covenant House

Summary

Covenant House is the largest privately-funded childcare agency in the United States providing shelter and service to homeless and runaway youth. It was incorporated in New York City in 1972 and has since expanded in the United States to Anchorage, Atlanta, Atlantic City, Detroit, Fort Lauderdale, Houston, Los Angeles, Newark, New Orleans, Oakland, Orlando, Philadelphia, St. Louis, Washington, D. C., and, outside the United States, to Toronto, Vancouver, Guatemala, Honduras, Mexico and Nicaragua.

This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law.


Contact information

Mailing address:
5 Penn Plaza 3rd Floor
New York, NY 10001-0001

Website: www.covenanthouse.org

Phone: (212) 727-4155

Email: SisterMaryRose@CovenantHouse.org


Organization details

EIN: 132725416

CEO/President: Sister Patricia A. Cruise, D.C.

Chairman: Mr. Brian D. McAuley

Board size: 18

Founder:

Year founded: 1968

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

Covenant House is the largest privately-funded childcare agency in the United States providing shelter and service to homeless and runaway youth. It was incorporated in New York City in 1972 and has since expanded in the United States to Anchorage, Atlanta, Atlantic City, Detroit, Fort Lauderdale, Houston, Los Angeles, Newark, New Orleans, Oakland, Orlando, Philadelphia, St. Louis, Washington, D. C., and, outside the United States, to Toronto, Vancouver, Guatemala, Honduras, Mexico and Nicaragua.

In addition to food, shelter, clothing and crisis care, Covenant House provides a variety of services to homeless youth including health care, education, vocational preparation, drug abuse treatment and prevention programs, legal services, recreation, mother/child programs, transitional living programs, street outreach and aftercare.

Covenant House provided residential and non-residential services to over 66,000 youth last year. Over 13,000 young people came into Covenant House Crisis Shelters and Rights of Passage Programs. Another 24,000 received help in Community Service Centers or in aftercare and prevention services. Our outreach workers served an additional 28,000 youth on the street.

Finally, the Covenant House Nineline (1-800-999-9999) received over 50,000 crisis calls from youngsters all over the United States who needed immediate help and had nowhere else to turn.

This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law.


Mission statement

The Covenant House uses the following to express its Mission Statement

"We who recognize God's providence and fidelity to His people are dedicated to living out His covenant among ourselves and those children we serve, with absolute respect and unconditional love. That commitment calls us to serve suffering children of the street, and to protect and safeguard all children. Just as Christ in His humanity is the visible sign of God's presence among His people, so our efforts together in the covenant community are a visible sign that effects the presence of God, working through the Holy Spirit among ourselves and our kids."


Statement of faith

Financial efficiency ratings

Sector: Relief and Development

CategoryRatingOverall rankSector rank
Overall efficiency rating388 of 42357 of 60
Fund acquisition rating355 of 42353 of 60
Resource allocation rating307 of 42352 of 60
Asset utilization rating344 of 42351 of 60

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20172016201520142013
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%13%15%15%16%15%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%12%14%14%14%14%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%91%94%92%90%91%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%12%13%13%14%15%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%9%6%8%10%9%
 
Operating ratiosMedian % for
all ministries in
MW database
20172016201520142013
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%77%76%76%73%73%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%96%105%104%100%95%
Program output ratio Program output ratio =
Program services /
Total revenue
81%74%80%80%73%69%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%4%-5%-4%0%5%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%5%-5%-4%0%5%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%11%11%10%13%13%
 
Investing ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.300.670.680.660.620.58
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.542.612.842.922.952.91
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.541.741.941.921.841.69
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.964.073.423.714.103.96
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.250.290.270.240.25
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.075.214.374.564.945.30
 
Solvency ratiosMedian % for
all ministries in
MW database
20172016201520142013
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%33%35%29%25%27%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%12%15%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
63%100%95%107%120%125%

Financials

Balance sheet
 
Assets20172016201520142013
Cash$19,911,555$22,227,916$21,607,888$23,921,877$23,380,887
Receivables, inventories, prepaids$13,515,210$12,481,882$11,166,286$8,284,543$8,626,962
Short-term investments$65,399,992$52,239,069$50,964,914$50,186,846$55,351,445
Other current assets$0$0$0$3,319,206$2,597,704
Total current assets$98,826,757$86,948,867$83,739,088$85,712,472$89,956,998
Long-term investments$0$2,743,841$3,952,076$3,410,082$4,726,069
Fixed assets$127,540,199$127,211,837$130,307,844$137,481,064$141,672,039
Other long-term assets$31,465,523$29,857,288$26,847,599$26,440,388$25,825,134
Total long-term assets$159,005,722$159,812,966$161,107,519$167,331,534$172,223,242
Total assets$257,832,479$246,761,833$244,846,607$253,044,006$262,180,240
 
Liabilities20172016201520142013
Payables and accrued expenses$14,657,891$15,400,615$13,205,108$11,449,693$13,044,365
Other current liabilities$9,612,347$10,043,274$9,370,737$9,469,670$9,683,293
Total current liabilities$24,270,238$25,443,889$22,575,845$20,919,363$22,727,658
Debt$0$0$0$31,094,767$38,644,482
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$61,084,841$60,941,364$49,327,193$12,264,581$10,550,909
Total long-term liabilities$61,084,841$60,941,364$49,327,193$43,359,348$49,195,391
Total liabilities$85,355,079$86,385,253$71,903,038$64,278,711$71,923,049
 
Net assets20172016201520142013
Unrestricted$0$132,015,578$154,180,409$171,162,132$171,990,947
Temporarily restricted$0$19,230,810$11,654,964$10,508,473$11,313,759
Permanently restricted$0$9,130,192$7,108,196$7,094,690$6,952,485
Net assets$172,477,400$160,376,580$172,943,569$188,765,295$190,257,191
 
Revenues and expenses
 
Revenue20172016201520142013
Total contributions$163,251,984$150,745,250$142,238,323$141,535,777$146,556,389
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$4,696,911$723,159$722,813$5,080,582$3,437,996
Other revenue$11,598,082$9,497,692$11,564,976$11,366,321$10,870,587
Total other revenue$16,294,993$10,220,851$12,287,789$16,446,903$14,308,583
Total revenue$179,546,977$160,966,101$154,526,112$157,982,680$160,864,972
 
Expenses20172016201520142013
Program services$132,103,247$128,539,798$122,943,424$114,771,014$110,383,793
Management and general$18,602,492$18,058,847$16,367,904$20,297,906$19,612,114
Fundraising$21,054,075$22,409,914$21,573,268$22,332,907$22,138,918
Total expenses$171,759,814$169,008,559$160,884,596$157,401,827$152,134,825
 
Change in net assets20172016201520142013
Surplus (deficit)$7,787,163($8,042,458)($6,358,484)$580,853$8,730,147
Other changes in net assets$4,313,657($6,799,508)($9,463,242)($2,072,749)$0
Total change in net assets$12,100,820($14,841,966)($15,821,726)($1,491,896)$8,730,147

Response from ministry

No response has been provided by this ministry.


History


Program accomplishments

In 2004:

  • Contacts were made with 33,573 youth on the street through outreach.
  • Covenant House provided services to nearly 78,000 youth.
  • Covenant House New York renovated the building housing its mother/child program.
  • Detroit opened a new Rights of Passage program.
  • Casa Alianza Nicaragua opened its Crisis Center in Managua.

Needs