Covenant Place Of Sumter Inc
- Assets
- $0.0
- Revenue
- $18.0m
- Investments
- $0.0
- Employees
- 146
- Location
- Sumter, SC
- Founding
- 10/1992
- Data as of
- 09/2022
- 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 09/2022, Covenant Place Of Sumter Inc employed 146 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 09/2022, Covenant Place Of Sumter Inc generated $18.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $18.3m during the year ending 09/2022. While expenses have increased by 9.9% per year over the past 7 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
2022
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Risley Linder Sr Executive Dir. | Officer | 40 | $227,175 |
Leon Mcdonald Director | Trustee | 1 | $0 |
Sue Mcduffie Director | Trustee | 1 | $0 |
Deloris Griffith Director | Trustee | 1 | $0 |
Kay Raffield Director | Trustee | 1 | $0 |
Vickie Goodwin Director | Trustee | 1 | $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 | $522,087 |
| All other contributions, gifts, grants, and similar amounts not included above | $115,310 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $637,397 |
| Total Program Service Revenue | $3,960,052 |
| Investment income | $1,190 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,438,646 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,042,285 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,052,999 |
| 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. | $441,913 |
| Compensation of current officers, directors, key employees. | $441,913 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,251,233 |
| Pension plan accruals and contributions | $29,490 |
| Other employee benefits | $302,928 |
| Payroll taxes | $208,970 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,000 |
| Fees for services: Accounting | $8,229 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $84,555 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,922 |
| Travel | $2,952 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $89,424 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $340,510 |
| Insurance | $96,576 |
| All other expenses | $296,456 |
| Total functional expenses | $18,339,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |