Housing & Shelter (L22Z) IRS Verified DX Registered 990 on File

COVENANT LIVING OF THE GREAT LAKES

EIN: 38-3244636 · GRAND RAPIDS, MI 49504-4696 · United States · FY 2024 Data

3 out of 5 46 / 100 Based on 2+ years of filings

Financial strength (30%) 53/100

Reliability (20%) 55/100

Effectiveness (25%) 78/100

Impact (25%) No data yet

Financial data: FY 2024 · Scored 9/13/2026

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Financial Overview — FY 2024

$19.9M

Total Revenue

$22.5M

Total Expenses

$-46,570,642

Net Assets

484

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 67.1%

Fundraising Efficiency 546.2%

Operating Reserve -24.88x

Liability-to-Asset 194.3%

Revenue Diversification 92.0%

Compared with Peers

FY 2024

Compared with 456 similar organizations (United States, Housing & Shelter, $10M–$100M in expenses), FY 2024.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	67.1%	87.9%	P10P90	Bottom quarter
Admin expense ratio Management and general / total expenses · lower is better	32.7%	10.3%	P10P90	Bottom quarter
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	0.2%	0.0%	P10P90	Below median
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	546.2%	546.2%	P10P90	Below median
Operating reserve Months of expenses covered by net assets · higher is better	-24.9 mo	6.7 mo	P10P90	Bottom quarter
Liabilities to assets Total liabilities / total assets · lower is better	194.3%	61.2%	P10P90	Bottom quarter
Revenue concentration Share of revenue from the largest source · lower is better	92.0%	91.0%	P10P90	Below median
Revenue growth Year over year revenue growth	6.6%	9.8%	P10P90
Expense growth Year over year expense growth	2.4%	7.9%	P10P90
Surplus margin Surplus as a share of revenue	-12.6%	0.4%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2024	$19.9M	$22.5M	$-46,570,642	67.1%	484
2023	$18.7M	$21.9M	$-44,948,726	68.5%	340
2022	$18.1M	$20.2M	$-42,207,080	69.6%	321
2021	$18.3M	$21.8M	N/A	—	356

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Organization Details

EIN: 38-3244636
State: MI
City: GRAND RAPIDS
ZIP: 49504-4696
Classification: L22Z
Category: Housing & Shelter
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 2002
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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The coverage grade (A to D) says how much filing data the score rests on; NONE means there is not enough to rate.
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