Civic Intelligence

Coventry Housing Associates Corporation

990 • Fiscal year 2022 • EIN 05-0495681

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 13, 2023

14 Manchester CircleCoventry, RI 02816-8827

(401) 828-4367

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

78th percentile

0.25x

Higher debt load relative to assets than 78% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

92nd percentile

1.09x

Higher debt load relative to revenue than 92% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

1st percentile

-351%

Higher net margin than 1% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

94th percentile

$146,903

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 114.7% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

47th percentile

0.5%

Faster asset growth than 47% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

98th percentile

509%

Faster revenue growth than 98% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$553,164

Up $2,908 (+0.5%) from 2021

Net Assets

Up

$413,156

Up $16,458 (+4.1%) from 2021

Liabilities

Down

$140,008

Down $13,550 (-8.8%) from 2021

Revenue

Up

$128,122

Up $107,095 (+509%) from 2021

Expenses

Up

$578,447

Up $450,004 (+350%) from 2021

Net Income

Down

-$450,325

Down $342,909 (-319%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $405,331Liabilities 2011: $235,855Net Assets 2011: $169,4762011Assets 2012: $589,200Liabilities 2012: $231,400Net Assets 2012: $357,8002012Assets 2013: $886,547Liabilities 2013: $231,056Net Assets 2013: $655,4912013Assets 2014: $682,082Liabilities 2014: $233,807Net Assets 2014: $448,2752014Assets 2015: $629,749Liabilities 2015: $260,289Net Assets 2015: $369,4602015Assets 2016: $553,923Liabilities 2016: $258,853Net Assets 2016: $295,0702016Assets 2017: $474,131Liabilities 2017: $251,831Net Assets 2017: $222,3002017Assets 2018: $433,660Liabilities 2018: $243,244Net Assets 2018: $190,4162018Assets 2019: $563,484Liabilities 2019: $354,548Net Assets 2019: $208,9362019Assets 2020: $432,635Liabilities 2020: $242,032Net Assets 2020: $190,6032020Assets 2021: $550,256Liabilities 2021: $153,558Net Assets 2021: $396,6982021Assets 2022: $553,164Liabilities 2022: $140,008Net Assets 2022: $413,1562022Assets 2023: $2,941,216Liabilities 2023: $2,595,841Net Assets 2023: $345,3752023Assets 2024: $3,208,488Liabilities 2024: $2,912,543Net Assets 2024: $295,9452024

Highlighted filing

2022

Assets$553,164
Liabilities$140,008
Net Assets$413,156

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $140,981Expenses 2011: $104,315Net Income 2011: $36,6662011Expenses 2012: $112,1972012Revenue 2013: $409,655Expenses 2013: $111,964Net Income 2013: $297,6912013Revenue 2014: $36,626Expenses 2014: $243,842Net Income 2014: -$207,2162014Revenue 2015: $67,101Expenses 2015: $145,916Net Income 2015: -$78,8152015Revenue 2016: $63,584Expenses 2016: $137,974Net Income 2016: -$74,3902016Revenue 2017: $41,999Expenses 2017: $114,769Net Income 2017: -$72,7702017Revenue 2018: $64,825Expenses 2018: $96,709Net Income 2018: -$31,8842018Revenue 2019: $65,558Expenses 2019: $88,850Net Income 2019: -$23,2922019Revenue 2020: $221,150Expenses 2020: $98,351Net Income 2020: $122,7992020Revenue 2021: $21,027Expenses 2021: $128,443Net Income 2021: -$107,4162021Revenue 2022: $128,122Expenses 2022: $578,447Net Income 2022: -$450,3252022Revenue 2023: $43,414Expenses 2023: $509,076Net Income 2023: -$465,6622023Revenue 2024: $149,882Expenses 2024: $495,251Net Income 2024: -$345,3692024

Highlighted filing

2022

Revenue$128,122
Expenses$578,447
Net Income-$450,325
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 13, 2023
Return Version
2022v5.0
Gross Receipts
$128,122
Mission and Program Overview

Mission

Affordable housing opportunities

Affordable housing opportunities for the promise of community

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$8,096$155,224▲ $147,128
Land, Buildings, and Equipment, Net$130,314$124,633▼ $5,681
Cash and Non-Interest-Bearing Accounts$280,103$47,000▼ $233,103
Accounts Receivable$57,239$46,935▼ $10,304
Prepaid Expenses and Deferred Charges$6,866$6,074▼ $792
Total Assets$550,256$553,164▲ $2,908
Other Assets Total$67,638$173,298▲ $105,660
Liabilities
Mortgage Notes Payable Secured by Investment Property$98,706$94,651▼ $4,055
Accounts Payable and Accrued Expenses$54,852$45,357▼ $9,495
Total Liabilities$153,558$140,008▼ $13,550
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$396,698$413,156▲ $16,458
Total Net Assets Fund Balance$396,698$413,156▲ $16,458
Total Liabilities and Net Assets / Fund Balance$550,256$553,164▲ $2,908

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$107,938$76,903-
Land$16,695--
Other Assets Org$173,298--
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Julie a LeddyExecutive Director$30,049$116,854$146,903

Board Members and Trustees

NameTitle
Maureen K JendzejecChairman
R David JervisVice Chair/ Treasurer
Jane DeptulaDirector
Phil ReynoldsDirector
Robert I EldredSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$127,258
Investment Income
$864
Other Revenue
$0
Change in Net Assets
$-450,325
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$531,716
Salaries, Compensation, and Employee Benefits$46,731
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$30,000--$30,000
Occupancy$21,647--$21,647
Other Salaries and Wages$11,855--$11,855
Insurance$10,973--$10,973
Fees for Services Accounting-$7,866-$7,866
Depreciation Depletion$5,681--$5,681
Interest$5,328--$5,328
Pension Plan Contributions$4,876--$4,876
Office Expenses-$4,518-$4,518
Other Expenses$4,461--$4,461
Fees for Services Legal-$3,327-$3,327
Fees for Services Management$1,132--$1,132
Total Functional Expenses$562,736$15,711$0$578,447
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 reviewed by board before filing

Form 990, Part VI, Section B, Line 15A

Reviewed and approved by independent board

Form 990, Part VI, Section C, Line 19

Available upon request all required documents

Filing and Contact Details

Filer

Filer Name
Coventry Housing
EIN
05-0495681
Phone
4018284367
Address
14 MANCHESTER CIRCLE, COVENTRY, RI 02816-8827

Signing Officer

Name
Maureen K Jendzejec
Title
Chairman
Phone
4018284367
Signed
2023-10-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maureen K Jendzejec
Formed
1996
Legal Domicile
Ri
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Marcum Llp
Address
53 STATE STREET, BOSTON, MA 02109
Preparer
Kristen Cummings
Phone
6178075000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Crossroads estates lp passthrough k-1 investment not recorded on books 466,783.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt010939
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt021732
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt032671
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0127258
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0307433
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0162830
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt064804
IRS990ScheduleA/Total509Grp/TotalAmt0662325
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0128122
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0307438
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0162830
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt064825
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0663215
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0107938
IRS990ScheduleD/BuildingsGrp/DepreciationAmt076903
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0184841
IRS990ScheduleD/LandGrp/BookValueAmt016695
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt016695
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0173298
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PROJECT DEVELOPMENT COSTS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0124633
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0173298
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 REVIEWED BY BOARD BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEWED AND APPROVED BY INDEPENDENT BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST ALL REQUIRED DOCUMENTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CROSSROADS ESTATES LP PASSTHROUGH K-1 INVESTMENT NOT RECORDED ON BOOKS 466,783.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd11
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0043726346
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1273832213
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0RI
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1RI
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct11.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0REAL ESTATE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1REAL ESTATE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0SEVEN FARMS INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1COVENTRY MEADOWS DEVEL CORP II
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt014 MANCHESTER CIRCLE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt114 MANCHESTER CIRCLE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0COVENTRY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm1COVENTRY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0RI
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd1RI
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd002816
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd102816
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt0COVENTRY HOUSING ASSOCIATES CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0RI
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct00.99000
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt0RELATED
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0REAL ESTATE RENTALS
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0CROSSROADS ESTATES LP
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfEOYAssetsAmt03405070
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfTotalIncomeAmt0-466783
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt014 MANCHESTER CIRCLE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0COVENTRY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0RI
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd002816
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0COVENTRY HOUSING AUTHORITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0050310405
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0RI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0AFFORDABLE HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt014 MANCHESTER CIRCLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0COVENTRY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0RI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd002816
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0RI
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0550256
IRS990/TotalAssetsEOYAmt0553164
IRS990/TotalAssetsGrp/BOYAmt0550256
IRS990/TotalAssetsGrp/EOYAmt0553164
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt015711
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0562736
IRS990/TotalFunctionalExpensesGrp/TotalAmt0578447
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0153558
IRS990/TotalLiabilitiesEOYAmt0140008
IRS990/TotalLiabilitiesGrp/BOYAmt0153558
IRS990/TotalLiabilitiesGrp/EOYAmt0140008
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0396698
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0413156

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.21$2.91$0.30$0.15$0.50$0.35
2023Detailed filing. Detailed filing data is available for this year.$2.94$2.60$0.35$0.04$0.51$0.47
2022Detailed filing. Detailed filing data is available for this year.$0.55$0.14$0.41$0.13$0.58$0.45
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.55$0.15$0.40$0.02$0.13$0.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.43$0.24$0.19$0.22$0.10$0.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.56$0.35$0.21$0.07$0.09$0.02
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.24$0.19$0.06$0.10$0.03
2017Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.47$0.25$0.22$0.04$0.11$0.07
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.26$0.30$0.06$0.14$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.63$0.26$0.37$0.07$0.15$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.68$0.23$0.45$0.04$0.24$0.21
2013Detailed filing. Detailed filing data is available for this year.$0.89$0.23$0.66$0.41$0.11$0.30
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.23$0.36$0.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.24$0.17$0.14$0.10$0.04