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.
Reported officers (all unpaid)
No paid executives reported in 2024. COVENANT PLACE INC reported 9 unpaid officers and board members on its 990.
Revenue and expenses over time
COVENANT PLACE INC reported revenue and expenses across 2 filing years.
What Housing & Shelter executives earn in Virginia
COVENANT PLACE INC reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable housing & shelter organization in Virginia earns a median of $75,304.
These are housing & shelter sector-wide figures, not this organization's reported pay. Based on 203 organizations across 203 filings (2021 – 2024).
See full Housing & Shelter pay data for Virginia →Common questions about COVENANT PLACE INC
What are COVENANT PLACE INC's revenue and expenses?
In 2024, COVENANT PLACE INC reported $343k in total revenue and $323k in total expenses on its IRS Form 990.
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