Covenant Health Care Center Inc
- Assets
- $80.8m
- Revenue
- $35.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Northbrook, IL
- Founding
- 07/1975
- Data as of
- 09/2021
- EIN
- 52-1115873
Organization Overview
Covenant Health Care Center Inc is located in Northbrook, 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Covenant Health Care Center Inc 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 Health Care Center Inc generated $35.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $33.6m during the year ending 09/2021. While expenses have increased by 4.0% 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 109 ASSISTED LIVING RESIDENTS AT 09/30/2021. ASSISTED LIVING RESIDENCY FOR THE FISCAL YEAR TOTALED 41,195 RESIDENT DAYS.
SKILLED NURSING: 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 127 SKILLED CARE RESIDENTS AT 09/30/2021.SKILLED CARE RESIDENCY FOR THE FISCAL YEAR TOTALED 48,730 RESIDENT DAYS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terri S Cunliffe Director/clcs President/ceo | OfficerTrustee | 1 | $0 |
Matthew Manlove Director/chair | OfficerTrustee | 0.1 | $0 |
Sarah Bentley Director/secretary | OfficerTrustee | 0.1 | $0 |
Janet Creaney Director/vice Chair | OfficerTrustee | 0.1 | $0 |
David G Erickson Sr VP & Gen Counsel/asst Secretary | Officer | 1 | $0 |
William Rabe Sr VP Enterprise Ops/asst Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,505,496 |
| All other contributions, gifts, grants, and similar amounts not included above | $391,988 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,897,484 |
| Total Program Service Revenue | $29,134,659 |
| Investment income | $1,268,240 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $208,488 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,580,141 |
| 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 | $13,821,090 |
| Pension plan accruals and contributions | $418,015 |
| Other employee benefits | $2,089,870 |
| Payroll taxes | $1,058,455 |
| Fees for services: Management | $179,783 |
| Fees for services: Legal | $1,120 |
| Fees for services: Accounting | $15,419 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,677,602 |
| Advertising and promotion | $45,342 |
| Office expenses | $1,693,241 |
| Information technology | $521,470 |
| Royalties | $0 |
| Occupancy | $620,630 |
| Travel | $662 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,763 |
| Interest | $1,323,028 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,164,149 |
| Insurance | $394,765 |
| All other expenses | $730,320 |
| Total functional expenses | $33,585,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144 |
| Savings and temporary cash investments | $81,391 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,511,137 |
| 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 | $89,823 |
| Net Land, buildings, and equipment | $17,128,600 |
| Investments—publicly traded securities | $17,063,611 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44,959,366 |
| Total assets | $80,834,072 |
| Accounts payable and accrued expenses | $49,433 |
| Grants payable | $0 |
| Deferred revenue | $132,735 |
| Tax-exempt bond liabilities | $37,355,270 |
| Escrow or custodial account liability | $81,034 |
| 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 | $741,396 |
| Total liabilities | $38,359,868 |
| Net assets without donor restrictions | $42,474,204 |
| Net assets with donor restrictions | $0 |
| 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 | $80,834,072 |
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 |