Covenant Living Communities And Services
- Assets
- $297.4m
- Revenue
- $56.9m
- Investments
- $52.9m
- Employees
- 158
- Location
- Skokie, IL
- Founding
- 07/1975
- Data as of
- 09/2021
- EIN
- 36-3478388
Organization Overview
Covenant Living Communities And Services is located in Skokie, 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 09/2021, Covenant Living Communities And Services employed 158 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Covenant Living Communities And Services 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 Living Communities And Services generated $56.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $32.8m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Covenant Living Communities And Services has awarded 15 individual grants totaling $121,300. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CARE FOR SENIOR ADULTS.
Describe the Organization's Program Activity:
THE NUMBER OF PERSONS RESIDING AT THE CONTINUING CARE RETIREMENT COMMUNITIES, OPERATED BY COVENANT LIVING COMMUNITIES AND SERVICES, WHO BENEFITED FROM THE SERVICES WE PROVIDED FOR THE YEAR ENDED SEPTEMBER 30, 2021 WERE AS FOLLOWS:RESIDENTIAL & CATERED LIVING: THERE WERE A TOTAL OF 3,523 RESIDENTS, OCCUPYING 2,765 APARTMENTS AT 09/30/2021. RESIDENCY FOR THE FISCAL YEAR TOTALED 1,263,565 RESIDENT DAYS.ASSISTED LIVING: THERE WERE A TOTAL OF 594 ASSISTED LIVING RESIDENTS AT 09/30/2021. ASSISTED LIVING RESIDENCY FOR THE FISCAL YEAR TOTALED 210,058 RESIDENT DAYS.SKILLED NURSING: THERE WERE A TOTAL OF 711 SKILLED CARE RESIDENTS AT 09/30/2021. SKILLED CARE RESIDENCY FOR THE FISCAL YEAR TOTALED 255,867 RESIDENT DAYS.
ESTATES OF WINDSOR PARK: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 93 RESIDENTS, OCCUPYING 61 APARTMENTS AT 09/30/21. RESIDENCY FOR THE FISCAL YEAR TOTALED 33,470 RESIDENT DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terri S Cunliffe Director/clcs President/ceo | OfficerTrustee | 40 | $1,135,793 |
Jody Holt Former Cfo/treasurer/asst Secretary | 0 | $518,721 | |
Jay Hibbard Senior Vice President Of Marketing | 40 | $500,495 | |
James Torrible Vice President, Philanthropy | 40 | $448,990 | |
Fran Palma Senior VP Of Marketing | 22.5 | $426,835 | |
Randal Gross Vice President Of Project Development | 40 | $391,065 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Senioroi Llc Targeted Marketing | 9/29/21 | $785,972 |
Thompson Hancock Witte & Assoc Architecture, Interior Design And Land P | 9/29/21 | $5,854,300 |
Checkoff Llc Online Marketing And Advertising | 9/29/21 | $562,376 |
The Image Group Of Toledo Inc Marketing And Branding | 9/29/21 | $1,000,776 |
Erickson Peterson Cramer Legal | 9/29/21 | $494,519 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,193,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $145,871 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,338,871 |
| Total Program Service Revenue | $40,427,982 |
| Investment income | $19,451,346 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $37,509 |
| Net Gain/Loss on Asset Sales | -$6,128,353 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $56,944,036 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,700 |
| 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. | $2,994,397 |
| Compensation of current officers, directors, key employees. | $2,994,397 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,452,353 |
| Pension plan accruals and contributions | $581,182 |
| Other employee benefits | $1,804,212 |
| Payroll taxes | $971,720 |
| Fees for services: Management | $1,269,478 |
| Fees for services: Legal | $328,964 |
| Fees for services: Accounting | $6,921 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $470,576 |
| Fees for services: Other | $1,438,150 |
| Advertising and promotion | $25,437 |
| Office expenses | $244,044 |
| Information technology | $4,961,258 |
| Royalties | $0 |
| Occupancy | $338,800 |
| Travel | $256,212 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $140,510 |
| Interest | $183,631 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,176,852 |
| Insurance | $71,486 |
| All other expenses | $1,596,176 |
| Total functional expenses | $32,848,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,538,338 |
| Savings and temporary cash investments | $9,872,134 |
| Pledges and grants receivable | $9,625 |
| Accounts receivable, net | $560,665 |
| 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 | $5,812,215 |
| Net Land, buildings, and equipment | $29,932,724 |
| Investments—publicly traded securities | $65,136,525 |
| Investments—other securities | $52,937,385 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $95,589,850 |
| Total assets | $297,389,461 |
| Accounts payable and accrued expenses | $25,580,755 |
| Grants payable | $0 |
| Deferred revenue | $12,485,155 |
| Tax-exempt bond liabilities | $13,846,446 |
| Escrow or custodial account liability | $17,150 |
| 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 | $121,925,370 |
| Total liabilities | $173,854,876 |
| Net assets without donor restrictions | $115,721,359 |
| Net assets with donor restrictions | $7,813,226 |
| 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 | $297,389,461 |
Grants Awarded
Over the last fiscal year, Covenant Living Communities And Services has awarded $26,300 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: CHIC SPONSORSHIP | $10,500 |
Chicago, IL PURPOSE: BENEFIT GALA | $10,000 |
Turlock, CA PURPOSE: FESTIVAL OF TREES | $5,800 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Covenant Living Communities And Services has recieved totaling $5,546.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $5,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $46 |
Endowment Analysis
| Beg. Balance | $5,839,585 |
| Earnings | $715,555 |
| Grants | $88,500 |
| Ending Balance | $6,466,640 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Franciscan Communities Inc Lemont, IL | $256,975,349 | $105,555,316 |
Wesley Retirement Services Inc Johnston, IA | $293,962,808 | $95,958,203 |
John Knox Village Lees Summit, MO | $177,748,432 | $73,269,206 |
Bhi Senior Living Inc Indianapolis, IN | $339,336,234 | $58,133,040 |
Evangelical Retirement Homes Of Greater Chicago Inc Schaumburg, IL | $118,730,594 | $50,606,372 |
Northwest Senior Housing Corporation West Des Moines, IA | $270,336,764 | $32,213,860 |
Friendship Village Of South County St Louis, MO | $305,494,367 | $44,131,100 |
Westminster Place Skokie, IL | $182,178,492 | $52,629,368 |
Council For Jewish Elderly Chicago, IL | $47,075,141 | $58,056,888 |
Lutheran Home For The Aged Arlington Heights, IL | $131,494,614 | $46,009,976 |
Masonic Homes Of Kentucky Inc Masonic Home, KY | $92,700,057 | $43,584,418 |
Lindengrove Inc Brookfield, WI | $53,159,981 | $37,652,858 |