Covenant Living Of Golden Valley

Organization Overview

Covenant Living Of Golden Valley is located in Minneapolis, MN. 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 Of Golden Valley employed 303 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Covenant Living Of Golden Valley 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 Golden Valley generated $23.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $29.0m during the year ending 09/2023. While expenses have increased by 3.8% 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.

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 217 RESIDENTS, OCCUPYING 173 APARTMENTS AT 09/30/2023. RESIDENCY FOR THE FISCAL YEAR TOTALED 72,343 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 30 ASSISTED LIVING RESIDENTS AT 09/30/2023. ASSISTED LIVING RESIDENCY FOR THE FISCAL YEAR TOTALED 10,505 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 14 ASSISTED LIVING MEMORY SUPPORT RESIDENTS AT 09/30/2023. ASSISTED LIVING MEMORY SUPPORT RESIDENCY FOR THE FISCAL YEAR TOTALED 4,822 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 61 SKILLED CARE RESIDENTS AT 09/30/2023. SKILLED CARE RESIDENCY FOR THE FISCAL YEAR TOTALED 21,533 RESIDENT DAYS.


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Board, Officers & Key Employees

Name (title)Compensation
Terri S Cunliffe
Director/clcs President/ceo
$0
Jean E Justie
Cfo/treasurer/asst Secretary
$0
David G Erickson
Sr VP & Gen Counsel/asst Secretary
$0
William Rabe
Sr VP Enterprise Ops/asst Secretary
$0
Amy Lacroix
Former SVP Community Ops
$0
Todd Slechta
Director/ex-Officio
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Healthpro Heritage
Therapy
$769,700
Ajw Contracting Inc
Construction/renovation
$715,153
Sodexo Inc & Affiliates
Dining And Management
$518,094
Mary Nell Zellner
Nursing Consultant
$462,118
Galapagos Improvement Services
Construction/renovation
$461,930
View All Vendors

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$337,710
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$337,710
Total Program Service Revenue$22,460,686
Investment income $320,034
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $76,350
Net Gain/Loss on Asset Sales $224,342
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $23,916,118

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