Cover 2 Foundation in Washington, District of Columbia (DC)

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Cover 2 Foundation
Employer Identification Number (EIN)300521877
Name of OrganizationCover 2 Foundation
In Care of NameHershel Bagley
Address936 T Street Nw, Washington, DC 20001
Websitehttp://www.cover2foundation.org
SubsectionCharitable Organization
Ruling Date08/2009
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2013
Assets$0
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$71,273
Amount of Income$9,350
Form 990 Revenue Amount$9,350
National Taxonomy of Exempt Entities (NTEE)Housing, Shelter: Public Housing Facilities


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Amount of income in 2013: $9,350 (it was $0 in 2012)
Cover 2 Foundation: 

 $9,350
Other organizations performing similar types of work: 

 $150,108

Assets in 2013: $71,273 (it was $68,814 in 2012)
Cover 2 Foundation: 

 $71,273
Other organizations performing similar types of work: 

 $1,156,098

Expenses in 2012: $16,959
Cover 2 Foundation: 

 $16,959
Other organizations performing similar types of work: 

 $149,118

Income to expenses ratio in 2012: 0.6
Cover 2 Foundation: 

 0.6
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2012: -,nan,(ind)%
Cover 2 Foundation: 

 -,nan,(ind)%
Other organizations performing similar types of work: 

 0.8%

Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012)
Total revenue$0
Total expenses$16,959
Total net assets$-30,176
Deficit for the year$-16,959
Net assets or fund balances at beginning of year$-13,217
Other changes in net assets or fund balances$0
Balance Sheets (for 2012)
Total assets$68,814
Total liabilities$98,990
Net assets or fund balances$-30,176
Other Information (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2012)
2008 - 2012 Total
Total support$23,700
Gifts, grants, contributions, and membership fees received$0
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$23,700
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Delta Housing Corporation Of The District Of ColumbiaPO BOX 92786, Washington, DC 20090-2786DC1980-02$2,169,856
2Richmond Affordable HousingPO BOX 12117, Richmond, VA 23241-0117VA1997-12$14,846,180
3Division Housing Corporation60 Division Avenue, Brooklyn, NY 11249-6659NY2014-05$10,174,349
4Community Options New York Inc16 Farber Rd, Princeton, NJ 08540-5913NJ1998-05$9,671,804
5Mission First Housing Development Corporation1330 New Hampshire Ave Nw Suit, Washington, DC 20036-6350DC2014-08$2,993,921
6Capitol Hill Cooperative Housing Association Inc, The Townhomes At Capitol Hill750 6th St Se, Washington, DC 20003-2734DC2010-05$1,556,272
7Affordable Housing Opportunities Inc71 O St Nw, Washington, DC 20001-1258DC2007-03$1,099,120
8Extended Care Inc1374 H St N E 2nd Fl, Washington, DC 20002-4447DC2001-05$705,742
9Dc Doors1545 6th St Nw, Washington, DC 20001-2420DC2011-03$651,745
10Park Southern Neighborhood Corporation, Park Southern Apartments U499800 Southern Ave Se, Washington, DC 20032-4801DC1995-06$170,602
11Mount Lebanon Community Development Corporation225-227 Morgan Street Nw No 101, Washington, DC 20001DC2012-09$153,432
12Hopefinders Inc4319 3rd Street Se, Washington, DC 20032DC2006-05$51,367
13Cover 2 Foundation936 T Street Nw, Washington, DC 20001DC2009-08$9,350
14Venture In Faith Inc1636 E Capitol St Ne, Washington, DC 20003-1619DC2003-07$2,125
15A Brighter Horizon Non Profit, A Brighter Horizon Non-Profit1508 18th St Se Suite 2, Washington, DC 20020DC2006-08$0
16Goodwin Douglas Community Development Corporation1333 Emerson St Nw, Washington, DC 20011-6905DC2001-12$0
17Mental Health Inc824 12th St Ne, Washington, DC 20002-4436DC2012-02$0
18Renaissance Community Development Corporation1120 Michigan Ave Ne, Washington, DC 20017-1811DC2002-01$0
19Resident Council Of The James Building1425 N St Nw Apt 206, Washington, DC 20005-5215DC2014-09$0
20Uplift Learning Center Inc518 Peabody St Nw, Washington, DC 20011DC2006-06$0
Number of organizations performing similar types of work
Alaska9
Alabama46
Arkansas41
Arizona33
California359
Colorado43
Connecticut37
District of Columbia17
Delaware25
Florida128
Georgia103
Hawaii19
Iowa23
Idaho17
Illinois105
Indiana43
Kansas12
Kentucky53
Louisiana97
Massachusetts100
Maryland74
Maine11
Michigan126
Minnesota67
Missouri66
Mississippi35
Montana9
North Carolina110
North Dakota9
Nebraska22
New Hampshire25
New Jersey97
New Mexico15
Nevada12
New York278
Ohio135
Oklahoma35
Oregon31
Pennsylvania108
Rhode Island29
South Carolina55
South Dakota13
Tennessee68
Texas173
Utah12
Virginia54
Vermont7
Washington39
Wisconsin32
West Virginia11
Wyoming4
International23
Total3,095

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