Covenant Living Of Bixby Inc
- Assets
- $13.4m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 62
- Location
- Skokie, IL
- Founding
- 07/1975
- Data as of
- 09/2023
- EIN
- 32-0419173
Organization Overview
Covenant Living Of Bixby Inc is located in Skokie, IL. The organization was established in 1975. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Covenant Living Of Bixby Inc employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Covenant Living Of Bixby Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Covenant Living Of Bixby Inc generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 56.9% each year . All expenses for the organization totaled $3.8m during the year ending 09/2023. While expenses have increased by 24.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CARE FOR SENIOR ADULTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NUMBER OF PERSONS WHO BENEFITED FROM THE SERVICES WE PROVIDEDDURING THE YEAR WERE AS FOLLOWS:- RESIDENTIAL LIVING: THERE WERE A TOTAL OF 50 RESIDENTS, OCCUPYING 46APARTMENTS AT 09/30/2023. RESIDENCY FOR THE FISCAL YEAR TOTALED 17,714 RESIDENT DAYS.- ASSISTED LIVING: THERE WERE A TOTAL OF 37 RESIDENTS AT 09/30/2023.ASSISTED LIVING RESIDENCY FOR THE FISCAL YEAR TOTALED 12,044 RESIDENT DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terri S Cunliffe Director/clcs President/ceo | OfficerTrustee | 1 | $0 |
Todd Slechta Director/ex-Officio | Trustee | 0.1 | $0 |
Tammy Swanson-Draheim Director/ex-Officio | Trustee | 0.1 | $0 |
Janet Creaney Director/chair | OfficerTrustee | 0.1 | $0 |
Lorene Flewellen Director/vice Chair | OfficerTrustee | 0.1 | $0 |
Janet Goelz Hoffman Director/secretary | OfficerTrustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Design Build Electric Llc Design Services | 1/30/16 | $794,326 |
Hdc Development Companies Llc Construction Services | 1/30/16 | $625,570 |
Scenic Development Lllc Consultant Services | 1/30/16 | $254,835 |
C & C Group Consultant Services | 1/30/16 | $188,988 |
Ross Divine Construction Construction Services | 1/30/16 | $145,584 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,160 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,160 |
| Total Program Service Revenue | $3,739,289 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$23,917 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,846,599 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,200,402 |
| Pension plan accruals and contributions | $2,656 |
| Other employee benefits | $135,593 |
| Payroll taxes | $85,572 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $647 |
| Fees for services: Accounting | $1,581 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $235,170 |
| Advertising and promotion | $19,232 |
| Office expenses | $112,326 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $361,300 |
| Travel | $4,310 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $531 |
| Interest | $540,862 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $533,165 |
| Insurance | $52,457 |
| All other expenses | $88,943 |
| Total functional expenses | $3,805,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $533,736 |
| Savings and temporary cash investments | $85,370 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,910 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,820 |
| Net Land, buildings, and equipment | $12,763,611 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,406,447 |
| Accounts payable and accrued expenses | $97,840 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $15,015,410 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$1,104,733 |
| Total liabilities | $14,008,517 |
| Net assets without donor restrictions | -$602,070 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,406,447 |