Covenant House

“Investment income description: during fy2018, chi received investment income in the amount of $17,773,486, which includes a one time transaction for the sale of real estate. The realized gain on the sale was $15,407,467 which is included in the amount of $17,773,486.”

“Covenant house amended by-law during fy18 to extend term lengths and establish term limits of five three year terms”

“The form 990 is prepared by a nationally renowned accounting firm in conjunction with the organization's financial department. A copy of the draft form 990 is presented to the audit committee of the board and once approved; it is distributed to the entire board prior to its filing with the internal revenue service.”

“The organization requires annual disclosure and affirmation of the conflict of interest policy by all officers, directors and key employees, which is monitored annually by the board's audit committee. The disclosure statement required each officer, director, and key employee to disclose any business or personal interests, direct or indirect, that the person may have in an organization that completes with or does business with covenant house international (chi) or any other organization business/ agency affiliated with chi. If a conflict is determined to exist, it must be reported and addressed to the satisfaction of the organization. Any other person having a conflict, and attending said meeting, shall retire from the room in which the board or committee is meeting and shall not participate in the final deliberations or decisions regarding the matter under consideration. Any interested director shall also abstain during such vote. The minutes of the meeting of the board or committee shall reflect that the conflict of interest was disclosed and that the interested person was not present during the final discussion or vote and did not vote.”

“The president/ceo's, other officers', and key employees' compensation are determined by the executive committee acting as the compensation committee working in conjunction with comparability data such as salary surveys with similarly sized non-profits. Periodically the organization hires an independent consultant to review comparable salaries for the president/ceo, other officers and key employees. Generally the board evaluates compensation annually. The determination is based on the performance evaluation that factors into account effectiveness, performance, and achievement of goals. Records of executive committee's compensation decisions are written by the board chair and maintained in the president's folder - human resources department record. This process was last undertaken in fiscal year 2018.”

“Covenant house makes its form 990 available for public inspection upon request and on the organization's website www.covenanthouse.org. Covenant house makes its form 1023, governing documents, conflict of interest policy and financial statments available for public inspection upon request and at management's discretion.”

“Covenant house shelters, protects and advocates on behalf of homeless, trafficked, and sexually exploited youth. Our work is guided by a mission to serve youth with absolute respect and unconditional love, to help kids who are suffering, and to protect and safeguard all children in need. In support of our mission, covenant house is guided by the following five principles.: immediacy - covenant house immediately meets the basic needs of youth experiencing homelessness through a nourishing meal, a shower, clean clothes, medical attention, and a safe place to sleep. Sanctuary - covenant house provides a safe haven from the hardships of homelessness. We recognize the fundamental worth of every human being, and create a safe setting where all youth regardless of life experience or identity are served without judgement. Value communication - covenant house leads by example to demonstrate that caring relationships are based on love, trust, respect, and honesty. Structure - covenant house provides the stability and structure necessary to build a positive future. Choice - covenant house fosters confidence;, encouraging young people to believe in themselves and make informed choices for their lives.”

“The mission of covenant house is to serve children and youth facing homelessness and human trafficking. Covenant house's high-quality programs and services provide young people with a bridge from homelessness to hope. Over the course of more than 45 years, covenant house has helped more than 1.5 million children and youth across north and central america to transform their lives. Opened as a drop-in center in new york city in 1972, covenant house is now a movement: the largest charity in the americas dedicated to helping young people find safety, shelter, and opportunity. We reach nearly 89,000 youth in 31 cities across six countries annually. Covenant house international (chi), as the central entity, maintains responsibility for overall strategy, policy, and programming across all our covenant house sites. Our union, framed by our international reach and impact, positions us to advocate with and for young people. Our bridge from homelessness to hope is built on our diverse array of programs, our trauma-informed practice models of resilience and positive youth development, and our advocacy for public policies that emphasize equity, safety, and opportunity for children and youth. Covenant house international recognizes that safety is a key component of a therapeutic community and foundational to social work practice. To safeguard our youth, chi has established a child protection committee charged with creating a common core of safety practices designed to reduce risk. The committee process is driven by the needs of the youth we serve, our mission, and our programs. The safety model's conceptual framework views risk management as an interaction among specific safety concerns, the vulnerabilities of at-risk youth, and the administration's capacity to shelter and protect young people proactively and respond to incidents quickly. The child protection system is our commitment to serve youth in a secure environment and hold ourselves accountable for their safety. Youth come to us in a state of crisis, and providing them with a safe environment in which to heal is a fundamental part of our response to their trauma and an essential practice in our field. Over the years, as more and more young people turned to covenant house for help and we opened sites across the united states and in canada and latin america, it became evident that young people facing homelessness need not only crisis care but a whole array of services if they are to successfully leave the streets. Today, covenant house offers a comprehensive set of programs that provide a full range of services to young people who are experiencing or at risk of homelessness. These programs include outreach, crisis centers, medical services, transitional living, permanent supportive housing, mother/child services, drop-in and nonresidential services, and public education and prevention services.”

“Pension related activities 4,673,634. Change in value of split interest agreements 365,430. Change in value of beneficial interest in trust 117,078. Write-off of uncollectible revenues -564,376.”

“The process for selecting an independent accountant and establishing a committee that assumes responsibility for oversight of the audit has not changed from prior years.”