Covenant Living At Windsor Park
- Assets
- $85.9m
- Revenue
- $38.2m
- Investments
- $9.7m
- Employees
- 387
- Location
- Carol Stream, IL
- Founding
- 07/1975
- Data as of
- 09/2023
- EIN
- 36-3385581
Organization Overview
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.
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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 |
|---|---|---|
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 |
Financial Statements
| 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 |