LHousing & ShelterEIN: 410841150· Ruling Year: 2023

Covenant Living Of Golden Valley

Minneapolis, Minnesota

FHealth Score
22F

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Critical

How This Organization Compares

Compared to 3 peers in Housing & Shelter with $10M-$100M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org-1.67×
Peer Median12.01×
💰
$23.9M
Total Revenue
📊
$29.0M
Total Expenses
🏦
-$48.4M
Net Assets
📋
$90.7M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+5.2%
Year-over-year change (2022 → 2023)
Net Margin
-21.4%
Revenue minus expenses as % of revenue
Working Capital Ratio
-1.67
Net assets divided by total expenses
Liabilities-to-Assets
214.2%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$23,916,1185%$29,026,3945%$42,347,6624%
2022$22,743,4187%$27,569,7816%$43,921,8731%
2021$24,567,5575%$29,334,98812%$44,505,0304%
2020$23,483,57459%$26,102,91362%$46,536,0771%
2019$14,813,12030%$16,140,63631%$46,956,3792%
2019$21,095,3361%$23,378,7514%$46,107,786
2018$20,930,10410%$22,545,2701%$46,236,7556%
2017$19,088,8051%$22,701,5515%$43,438,7211%
2016$19,247,4157%$21,547,6147%$43,688,1513%
2015$17,989,1922%$20,046,2444%$42,475,231
2014$17,596,1982%$19,256,4883%$42,273,1163%
2013$17,967,4609%$19,864,5576%$40,955,9754%
2012$16,542,155$18,714,653$39,389,127

Frequently Asked Questions

What does Covenant Living Of Golden Valley do?

Covenant Living Of Golden Valley is a housing & shelter nonprofit organization based in Minnesota. It is classified under NTEE code L22 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Covenant Living Of Golden Valley financially healthy?

Based on our 9-metric Financial Health Score model, Covenant Living Of Golden Valley has a score of 22/100 (Grade: F). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Covenant Living Of Golden Valley generate?

Covenant Living Of Golden Valley reports $27.7M in annual revenue and holds $44.0M in total assets, based on IRS filings.

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