Covenant Place Of Sumter Inc
- Assets
- $3.9m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 205
- Location
- Sumter, SC
- Founding
- 10/1992
- Data as of
- 09/2021
- EIN
- 57-0954773
Organization Overview
Covenant Place Of Sumter Inc is located in Sumter, SC. The organization was established in 1992. 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 Place Of Sumter Inc employed 205 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Covenant Place Of Sumter 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 Place Of Sumter Inc generated $6.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $7.1m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 6 years. 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
TO PROVIDE HIGH QUALITY HOUSING, SUPPORTIVE SERVICES, AND HEALTH CARE WHILE FOSTERING AN ENVIRONMENT WHICH ENSURES FREEDOM, DIGNITY, INDEPENDENCE, AND SECURITY FOR THE ENTIRE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HIGH QUALITY HOUSING, SUPPORTIVE SERVICES, AND HEALTH CARE WHILE FOSTERING AN ENVIRONMENT WHICH ENSURES FREEDOM, DIGNITY, INDEPENDENCE, AND SECURITY FOR THE ENTIRE COMMUNITY.
PROVIDE HIGH QUALITY HOUSING, SUPPORTIVE SERVICES, AND HEALTH CARE WHILE FOSTERING AN ENVIRONMENT WHICH ENSURES FREEDOM, DIGNITY, INDEPENDENCE, AND SECURITY FOR THE ENTIRE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Risley Linder Sr Executive Dir. | Officer | 40 | $164,785 |
Frank Edwards President | Officer | 1 | $0 |
Sue Mcduffie Secretary | Officer | 1 | $0 |
Vonda Mociun Vice President | Officer | 1 | $0 |
John White Treasurer | Officer | 1 | $0 |
Kay Raffield Past President | Officer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Square It Up Roofing Repairs | 9/29/18 | $144,796 |
Life Care Services Llc Management | 9/29/18 | $448,042 |
Heritage Healthcare Llc Heatlh Care Services | 9/29/18 | $313,615 |
Encore Rehabilitation Services Heatlh Care Services | 9/29/18 | $325,919 |
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 | $505,577 |
| Noncash contributions included in lines 1a–1f | $60,530 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $505,577 |
| Total Program Service Revenue | $5,690,484 |
| Investment income | $10,841 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,207,096 |
| 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. | $163,286 |
| Compensation of current officers, directors, key employees. | $20,389 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,371,233 |
| Pension plan accruals and contributions | $44,339 |
| Other employee benefits | $473,539 |
| Payroll taxes | $259,811 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,160 |
| Advertising and promotion | $144,075 |
| Office expenses | $0 |
| Information technology | $94,594 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16,963 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $156,836 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $666,592 |
| Insurance | $137,609 |
| All other expenses | $240,772 |
| Total functional expenses | $7,081,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,978 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,635 |
| 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 | $175,076 |
| Net Land, buildings, and equipment | $3,152,484 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $394,917 |
| Total assets | $3,899,090 |
| Accounts payable and accrued expenses | $378,139 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,240,408 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $47,755 |
| Total liabilities | $4,666,302 |
| Net assets without donor restrictions | -$767,212 |
| 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 | $3,899,090 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Samaritan Housing Foundation Inc Cary, NC | $309,375,809 | $14,744,618 |
Penick Village Inc Southern Pines, NC | $72,235,809 | $19,517,376 |
Central Georgia Senior Health Inc Macon, GA | $135,213,897 | $22,356,882 |
Masonic And Eastern Star Home Greensboro, NC | $138,321,577 | $15,654,772 |
Lutheran Home-Hickory Inc Salisbury, NC | $8,958,824 | $16,014,095 |
Covenant Village Inc Gastonia, NC | $24,815,314 | $14,664,679 |
Christian City Inc Union City, GA | $27,522,237 | $12,222,387 |
Stanley Total Living Center Inc Stanley, NC | $24,950,343 | $11,642,913 |
Grace Lifecare Inc Morganton, NC | $25,476,311 | $10,776,607 |
South Georgia Health Alliance Inc Valdosta, GA | $7,119,537 | $11,380,468 |
Hospice Of The Golden Isles Inc Brunswick, GA | $10,530,796 | $9,801,992 |
Wesley Woods Of Newnan-Peachtree City Inc Atlanta, GA | $27,177,487 | $9,433,504 |