Covenant Home Of Chicago
- Assets
- $9.1m
- Revenue
- $2.8m
- Investments
- $2.2m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/1975
- Data as of
- 09/2021
- EIN
- 36-3095932
Organization Overview
Covenant Home Of Chicago is located in Chicago, IL. The organization was established in 1975. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Covenant Home Of Chicago 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 09/2021, Covenant Home Of Chicago generated $2.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $3.4m during the year ending 09/2021. While expenses have increased by 4.8% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CARE FOR SENIOR ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTED LIVING:THE NUMBER OF PERSONS WHO BENEFITED FROM THE SERVICES WE PROVIDED FOR THE YEAR ENDED SEPTEMBER 30, 2021 WERE AS FOLLOWS:THERE WERE A TOTAL OF 40 ASSISTED LIVING RESIDENTS AT 09/30/2021. ASSISTED LIVING RESIDENCY FOR THE FISCAL YEAR TOTALED 16,190 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 |
Janet Creaney Director/vice Chair | OfficerTrustee | 0.1 | $0 |
Sarah Bentley Director/secretary | OfficerTrustee | 0.1 | $0 |
Matthew Manlove Director/chair | OfficerTrustee | 0.1 | $0 |
David G Erickson Sr VP & Gen Counsel/asst Secretary | Officer | 1 | $0 |
Cory Stern - End 7121 Interim Finance Lead/treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $32,965 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,621 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,586 |
| Total Program Service Revenue | $2,538,604 |
| Investment income | $98,228 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $97,940 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,813,221 |
| 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 | $1,404,011 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $156,138 |
| Payroll taxes | $107,575 |
| Fees for services: Management | $121,338 |
| Fees for services: Legal | $9,027 |
| Fees for services: Accounting | $2,597 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $63,366 |
| Advertising and promotion | $53,109 |
| Office expenses | $202,068 |
| Information technology | $7,948 |
| Royalties | $0 |
| Occupancy | $176,111 |
| Travel | $2,409 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,098 |
| Interest | $156,482 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $318,733 |
| Insurance | $155,211 |
| All other expenses | $47,073 |
| Total functional expenses | $3,379,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,033 |
| Savings and temporary cash investments | $55,037 |
| Pledges and grants receivable | $87,904 |
| Accounts receivable, net | $127,748 |
| 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 | $76,593 |
| Net Land, buildings, and equipment | $4,051,208 |
| Investments—publicly traded securities | $2,446,066 |
| Investments—other securities | $2,193,254 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,144,843 |
| Accounts payable and accrued expenses | $142,240 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,123,700 |
| Total liabilities | $6,265,940 |
| Net assets without donor restrictions | $2,754,866 |
| Net assets with donor restrictions | $124,037 |
| 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 | $9,144,843 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oakwood Village University Woods Homes Inc Madison, WI | $65,944,381 | $14,695,232 |
Methodist Manor Health Center Inc West Allis, WI | $6,950,058 | $15,339,815 |
St Patrick Residence Naperville, IL | $29,023,475 | $20,568,774 |
Visiting Nurse And Hospice Home Inc Fort Wayne, IN | $27,656,641 | $21,519,999 |
Bethany Manor Inc Story City, IA | $35,629,736 | $20,182,256 |
Holy Family Villa Palos Park, IL | $17,637,306 | $12,934,325 |
St Clair Darden Health System Inc South Bend, IN | $21,453,139 | $17,018,170 |
Marion County Horizon Center Salem, IL | $15,469,817 | $24,896,962 |
Greek American Rehabilitation And Care Centre Inc Wheeling, IL | $12,789,386 | $17,929,262 |
Penta Group Inc Centralia, IL | $8,034,770 | $18,495,604 |
Cedar Crest Inc Janesville, WI | $47,272,483 | $15,719,717 |
Wittenberg Lutheran Village Inc Crown Point, IN | $21,140,856 | $12,598,437 |