Covenant House Texas

“The sole corporate member of covenant house texas is its parent organization, covenant house, d/b/a covenant house international.”

“Covenant house texas's (ch tx) parent organization, covenant house international has the right to elect or appoint officers of ch tx's board of directors.”

“The following decisions for the governing body are subject to approval by ch tx parent organization, covenant house international - amendment or repeal of the by-laws, increase or decrease in the number of board of directors and appoint/remove members of the board and the officers.”

“The form 990 is prepared by an independent accounting firm in conjunction with the organization's accounting department and then reviewed by the parent organization, covenant house international, and the chief financial officer of the organization. The chief financial officer reviews the draft and forwards it to the executive director for final review. The final copy of the form 990 is electronically provided to each member of the governing body prior to filing. The organization requests that every director review the form 990 for accuracy and completeness prior to filing.”

“The organization requires annual disclosure and affirmation of the conflict of interest policy by all officers, directors and key employees. The disclosure statement requires 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 competes with or does business with covenant house international or any other organization business/ agency affiliated with covenant house international. 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. A summary of the annual conflicts of interest and copies of the conflicts of interest reports from the directors, executive director, and officers of the organization are also sent to the parent organization, covenant house international. The parent, covenant house international also ensures the annual conflicts of interest reports are accomplished for each affiliate and that the required information is sent to them.”

“The executive director's compensation is determined by the compensation committee working in conjunction with the president of covenant house international (parent). A salary structure and range were determined using a compensation committee and independent consultant for the executive director. Factors considered were the size of the agency budget, program size and complexity local market compatibility, and the cost of living, with compensation approved by the ch tx board of directors. The compensation of other officers and key employees is determined using the united way salary survey, discussions with others in related fields, assessment of performance, and other applicable criteria. Records of executive committee's compensation decisions are maintained in the covenant house international (parent) human resources department record. This process was last undertaken in fiscal year 2019.”

“The organization's audited financial statements and form 990 are posted on its website. The governing documents, conflict of interest policy, form 1023 and financial statements are all available for public inspection upon request at 1111 lovett boulevard, houston, tx 77006.”

“In 33 cities across six countries, covenant house builds bridges to hope for young people facing homelessness and survivors of human trafficking, meeting their immediate needs for food, clothing, protection, and medical care and supporting them to advance their goals of education and employment. Covenant house encompasses a robust network of "houses," with best-in-class services and a shared commitment to unconditional love, absolute respect, and relentless support for each young person who walks through our doors. Founded as a drop-in center in new york city in 1972, covenant house now serves thousands of children and youth every year in our residential, outreach, and drop-in programs. Our dedicated staff across the united states, guatemala, honduras, mexico, nicaragua, and canada employ a strengths-based, trauma-informed practice model that helps young people discover and develop their power to overcome adversity now and into the future. Young people arrive at covenant house with an array of lived experiences, including foster care, family trauma, substance use, mental health issues, domestic violence, sexual abuse, and more. Our staff meet them where they are and accompany them, through our high-quality continuum of services, on their journey to wholeness and independence. During fy21, the worldwide covid-19 pandemic impacted the number of youth covenant house reached, as affiliates ensured social distancing, set aside isolation rooms for symptomatic youth, paused our in-person prevention programs, and, during lockdowns, suspended or modified street outreach. The pandemic impacted all of our operations, including food production (increased 75%); the creation of online opportunities for mental health care, education, and job readiness training; development of appropriate intake protocols; implementation of new cleaning and sanitizing protocols, and other measures, all of which drove up operating costs. Nevertheless, in fy21 covenant house affiliates provided a total of nearly 690,000 nights of housing and safety for, on average, 1,883 youth each night.”

“Medical fees: program service expenses 222,424. Management and general expenses 0. Fundraising expenses 0. Total expenses 222,424. Consultant fees: program service expenses 135,832. Management and general expenses 7,780. Fundraising expenses 0. Total expenses 143,612. Purchased services: program service expenses 387,554. Management and general expenses 40,964. Fundraising expenses 26,792. Total expenses 455,310. Payroll fees: program service expenses 11,609. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,609.”

“On april 25, 2020, the organization received the first draw of loan proceeds in the amount of $661,749 under the paycheck protection program (the "ppp"). The ppp, established as part of the coronavirus aid, relief and economic security act (the "cares act"), provides for loans to qualifying entities for amounts up to 2.5 times the 2019 average monthly payroll expenses of the qualifying entity. The ppp loan bears an interest rate of 1% per annum. All or a portion of the ppp loan principal and accrued interest is forgivable as long as the borrower uses the loan proceeds for eligible purposes, as described in the cares act, over a period of either eight or twenty-four weeks (the "covered period"). The amount of loan forgiveness could be reduced if the borrower terminates employees or reduces salaries below a certain threshold during the covered period and does not qualify for certain safe harbors. The unforgiven portion of the ppp loan, if any, is payable within two years from the date of the loan. Loan payments of principal or interest are deferred until the amount of loan forgiveness is determined by the united states small business administration ("sba"). If the organization does not apply for forgiveness, payments begin approximately 16 months after the loan date. As of june 30, 2020, the ppp loan is recognized as debt on the statement of financial position. The ppp loan was forgiven in full by the sba on april 16, 2021 and is recorded in contributions on the accompanying 2021 statement of activities. On march 20, 2021, the organization received the second draw of loan proceeds in the amount of $661,749 under the ppp. The organization intends to use all proceeds received in accordance with regulations established by the ppp. Management believes its use of the proceeds, including amounts expended through june 30, 2021, will be forgiven. The entire amount received under the ppp is reported as a forgivable loan in the statement of financial position at june 30, 2021.”

“Change in value of split interest 60,894. Write off pledge receivables -26,075.”

“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.”