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EIN 54-1549760

Covenant Place

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Smithfield
State
Virginia
Year formed
1993
Most recent tax filings
2024-12-01
NTEE code, primary
L21: Public Housing Facilities
Description
The not for profit corporation was organized to own and operate a 40 unit apartment community in smithfield, va known as Covenant Place apartments. It was organized pursuant to section 202 of the national housing act as amended and has entered into the standard fha regulatory agreements, which govern the operation of the community, with the federal housing administration section of hud. A project rental assistance contract (prac) provides rent assistance for low income families (or persons), while hud pays the balance of the rent.
Total revenues
$342,607
2024
Total expenses
$323,369
2024
Total assets
$575,268
2024
Num. employees
0
2024

Program areas at Covenant Place

The not for profit corporation was organized to own and operate a 40 unit apartment community in smithfield, va known as Covenant Place apartments. It was organized pursuant to section 202 of the national housing act as amended and has entered into the standard fha regulatory agreements, which govern the operation of the community, with the federal housing administration section of hud. A project rental assistance contract (prac) provides rent assistance for low income families (or persons), while hud pays the balance of the rent.

Financials for Covenant Place

RevenuesFYE 12/2024
Total grants, contributions, etc.$182,540
Program services$151,942
Investment income and dividends$6,341
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1,784
Total revenues$342,607

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Onondaga Apartments Housing Development Fund CompanySyracuse, NY$889,162
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Data update history
September 25, 2025
Posted financials
Added Form 990 for fiscal year 2024
September 18, 2025
Updated personnel
Identified 4 new personnel
November 28, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 9, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Housing and shelter organizationsCharities
Issues
Human servicesHousing
Characteristics
State / local levelReceives government fundingTax deductible donationsNo full-time employees
General information
Address
517 W Main St
Smithfield, VA 23430
Metro area
Virginia Beach-Norfolk-Newport News, VA-NC
County
Isle of Wight County, VA
Phone
(336) 765-0424
IRS details
EIN
54-1549760
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1993
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L21: Public Housing Facilities
NAICS code, primary
62422: Community Housing Services
Parent/child status
Independent
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