Covenant Living At Windsor Park is located in Carol Stream, IL. The organization was established in 1975. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 09/2023, Covenant Living At Windsor Park employed 387 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Covenant Living At Windsor Park 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 At Windsor Park generated $38.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $35.6m during the year ending 09/2023. While expenses have increased by 3.6% 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
RESIDENTIAL LIVING:THE NUMBER OF PERSONS WHO BENEFITED FROM THE SERVICES WE PROVIDED FOR THE YEAR ENDED SEPTEMBER 30, 2023 WERE AS FOLLOWS:THERE WERE A TOTAL OF 491 RESIDENTS, OCCUPYING 375 APARTMENTS AT 09/30/2023. RESIDENCY FOR THE FISCAL YEAR TOTALED 140,284 RESIDENT DAYS.
ASSISTED LIVING: THE NUMBER OF PERSONS WHO BENEFITED FROM THE SERVICES WE PROVIDED FOR THE YEAR ENDED SEPTEMBER 30, 2023 WERE AS FOLLOWS:THERE WERE A TOTAL OF 53 ASSISTED LIVING RESIDENTS AT 09/30/2023. ASSISTED LIVING RESIDENCY FOR THE FISCAL YEAR TOTALED 18,229 RESIDENT DAYS.ASSISTED LIVING MEMORY SUPPORT: THE NUMBER OF PERSONS WHO BENEFITED FROM THE SERVICES WE PROVIDED FOR THE YEAR ENDED SEPTEMBER 30, 2023 WERE AS FOLLOWS: THERE WERE A TOTAL OF 17 ASSISTED LIVING MEMORY SUPPORT RESIDENTS AT 09/30/2023. ASSISTED LIVING MEMORY SUPPORT RESIDENCY FOR THE FISCAL YEAR TOTALED 6,447 RESIDENT DAYS.
SKILLED NURSING:THE NUMBER OF PERSONS WHO BENEFITED FROM THE SERVICES WE PROVIDED FOR THE YEAR ENDED SEPTEMBER 30, 2023 WERE AS FOLLOWS:THERE WERE A TOTAL OF 59 SKILLED CARE RESIDENTS AT 09/30/2023. SKILLED CARE RESIDENCY FOR THE FISCAL YEAR TOTALED 21,442 RESIDENT DAYS.
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 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Leopardo Companies Inc Construction/renovation | 9/29/23 | $11,259,007 |
Snowy Night Sierra Owens Construction/renovation | 9/29/23 | $2,209,685 |
Healthpro Rehabilitation Therapy | 9/29/23 | $1,028,825 |
Clipboard Health Medical Services/staffing | 9/29/23 | $601,733 |
Sodexo Inc & Affiliates Dining Services | 9/29/23 | $565,592 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $245,616 |
All other contributions, gifts, grants, and similar amounts not included above | $864,851 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,110,467 |
Total Program Service Revenue | $35,020,305 |
Investment income | $1,650,692 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $267,010 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $38,242,890 |
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. | $230,947 |
Compensation of current officers, directors, key employees. | $230,947 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $11,767,561 |
Pension plan accruals and contributions | $226,191 |
Other employee benefits | $600,915 |
Payroll taxes | $807,828 |
Fees for services: Management | $155,416 |
Fees for services: Legal | $28,964 |
Fees for services: Accounting | $12,188 |
Fees for services: Lobbying | $1,673 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,905,617 |
Advertising and promotion | $182,787 |
Office expenses | $1,418,578 |
Information technology | $681,898 |
Royalties | $0 |
Occupancy | $2,073,986 |
Travel | $6,912 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $80,411 |
Interest | $3,586,798 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $5,990,297 |
Insurance | $421,408 |
All other expenses | -$404,883 |
Total functional expenses | $35,637,843 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $7,011 |
Savings and temporary cash investments | $4,294 |
Pledges and grants receivable | $177,550 |
Accounts receivable, net | $1,262,926 |
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 | $9,270 |
Net Land, buildings, and equipment | $62,187,234 |
Investments—publicly traded securities | $10,849,732 |
Investments—other securities | $9,651,271 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,764,553 |
Total assets | $85,913,841 |
Accounts payable and accrued expenses | $358,875 |
Grants payable | $0 |
Deferred revenue | $38,994,961 |
Tax-exempt bond liabilities | $44,428,032 |
Escrow or custodial account liability | $233,299 |
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 | $28,647,996 |
Total liabilities | $112,663,163 |
Net assets without donor restrictions | -$30,136,226 |
Net assets with donor restrictions | $3,386,904 |
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 | $85,913,841 |