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Community Development : Housing and Neighborhood Development

Center for Great Neighborhoods of Covington

Community starts with us.

two stars

79.60

321 MLK Boulevard/West 12th Street Covington, KY 41011
tel: (859) 491-2220   Web Site
EIN: 61-0733046

Board Leadership
Loren Vandyke Wolff
Chair

CEO
Tom DiBello
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 79.60 two stars
  Financial 87.50 three stars
  Accountability & Transparency 74.00 two stars
This rating was published 02/01/2020 and includes data from FY2018, the most recent 990 received at that time.

The Center fir Great Neighborhoods of Covington is a catalyst for positive growth in Covington, but our role is only one part of the equation. Our most important partner is YOU and the other residents of Covington. We spark this growth by bringing people together, encouraging them to work with each other, and supporting their efforts to shape the future of their community. We are committed to helping people discover and develop their skills, find and use the resources they need, and discover partners who share their concern for the well-being of Covington. Our programs are all designed to help residents build on the great parts of Covington and to develop solutions to both individual and community issues.

The Center fir Great Neighborhoods of Covington is a catalyst for positive growth in Covington, but our role is only one part of the equation. Our most important partner is YOU and the other residents of Covington. We spark this growth by bringing people together, encouraging them to work with each other, and supporting their efforts to shape the future of their community. We are committed to helping people discover and develop their skills, find and use the resources they need, and discover partners who share their concern for the well-being of Covington. Our programs are all designed to help residents build on the great parts of Covington and to develop solutions to both individual and community issues.

Impact Information

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Financial

three stars

87.50

Accountability & Transparency

two stars

74.00

This rating was published 02/01/2020 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
87.9%
  Administrative Expenses 9.7%
  Fundraising Expenses 2.2%
  Fundraising Efficiency $0.02
  Working Capital Ratio (years) 1.48
  Program Expenses Growth -8.3%
  Liabilities to Assets 30.7%
All data for Financial Performance Metrics calculations was provided by Center for Great Neighborhoods of Covington on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Center for Great Neighborhoods of Covington on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Center for Great Neighborhoods of Covington (KY) 79.60 two stars
Eastern Market Corporation (MI) 91.59 four stars
Downtown Cleveland Alliance (OH) 88.41 three stars
New Jersey Future (NJ) 91.50 four stars
Community Voices Heard (CVH) (NY) 87.57 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,013,706
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $171,052
Total Contributions $1,184,758
   Program Service Revenue $0
Total Primary Revenue $1,184,758
   Other Revenue $53,424
TOTAL REVENUE $1,238,182
   
EXPENSES  
   Program Expenses $1,179,176
   Administrative Expenses $134,939
   Fundraising Expenses $38,993
TOTAL FUNCTIONAL EXPENSES $1,353,108
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-114,926
   
Net Assets $2,083,727

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Services to Residents $896,107 76.0%
Custodial Accounts $258,252 21.9%
Housing $24,817 2.1%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-12 02/01/2020 79.60 two stars
2017-06 09/01/2018 83.91 three stars
2016-06 07/01/2017 83.91 three stars
2015-06 12/21/2016 82.89 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 61-0733046
Name in IRS Master File CENTER FOR GREAT NEIGHBORHOODS OF COVINGTON INC
NTEE Code T30
NTEE Classification Public Foundations
NTEE Type Philanthropy, Voluntarism and Grantmaking Foundations
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (296) Community center
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date April, 1973
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
Compensation % of Expenses Paid to Title
$76,075 5.62% Thomas Dibello Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Center for Great Neighborhoods of Covington (KY) 79.60 two stars
Staten Island Economic Development Corporation (SIEDC) (NY) 86.23 three stars
Urban Affairs Coalition (PA) 89.39 three stars
Initiative for A Competitive Inner City (MA) 92.19 four stars
Together Colorado (CO) 88.22 three stars

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Charity Contact Info

Center for Great Neighborhoods of Covington
321 MLK Boulevard/West 12th Street
Covington, KY 41011
tel: (859) 491-2220
fax: (859) 547-5600
EIN: 61-0733046

Visit Web Site

Board Leadership

Loren Vandyke Wolff
Chair

CEO

Tom DiBello
Executive Director

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