Covenant Home
- Assets
- $5.6m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 72
- Location
- New Orleans, LA
- Founding
- 11/1943
- Data as of
- 12/2021
- EIN
- 72-6001122
Organization Overview
Covenant Home is located in New Orleans, LA. The organization was established in 1943. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2021, Covenant Home employed 72 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Covenant Home 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 12/2021, Covenant Home generated $5.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $5.3m during the year ending 12/2021. While expenses have increased by 0.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
REVENUES DERIVED PROVIDE FUNDING FOR THE OPERATIONS RELATED TO LONG-TERM CARE FOR THE AGED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
96 BED NURSING HOME FACILITY CERTIFIED BY LOUISIANA HEALTH & HUMAN RESOURCES ADMINISTRATION AS AN IMMEDIATE CARE FACILITY FOR LONG-TERM CARE OF THE AGED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret E Hoffmann Nursng Hme Drctr | Officer | 42 | $239,055 |
Renee W Tassin Asst Dir Of Nursng | 68 | $155,446 | |
Rosalie J Johnston Director Of Nursing | Officer | 42 | $131,305 |
Deane Webb Head Nurse | Officer | 48 | $118,302 |
Bill Pohlmann President | Officer | 0 | $0 |
D Irwin Macenroth Vice President | Officer | 0 | $0 |
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 | $12,626 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,626 |
| Total Program Service Revenue | $4,866,984 |
| Investment income | $81,930 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$18,373 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,651,688 |
| 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. | $644,108 |
| Compensation of current officers, directors, key employees. | $644,108 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,379,424 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $218,429 |
| Payroll taxes | $214,364 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,605 |
| Fees for services: Accounting | $75,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $96,448 |
| Travel | $8,820 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $143,685 |
| Insurance | $243,565 |
| All other expenses | $382,015 |
| Total functional expenses | $5,285,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,343,111 |
| Savings and temporary cash investments | $361,720 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $572,729 |
| 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 | $129,950 |
| Net Land, buildings, and equipment | $1,291,516 |
| Investments—publicly traded securities | $1,916,189 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,615,215 |
| Accounts payable and accrued expenses | $427,099 |
| 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 | $427,099 |
| Net assets without donor restrictions | $5,188,116 |
| 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 | $5,615,215 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Covenant Home has recieved totaling $85.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $85 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seven Acres Jewish Senior Care Services Inc Houston, TX | $33,296,281 | $17,291,093 |
United Methodist Senior Services Health Care Inc Tupelo, MS | $8,205,297 | $15,838,611 |
Methodist Nursing Home Of Fort Smith Inc Fort Smith, AR | $18,757,721 | $13,982,834 |
Baptist Memorials Ministries Dallas, TX | $76,405,250 | $18,028,006 |
S P J S T Rest Home Taylor, TX | $45,258,719 | $17,630,650 |
Wood-Lawn Inc Batesville, AR | $28,619,314 | $12,711,949 |
Golden Age Inc Greenwood, MS | $15,675,602 | $11,163,899 |
St Margarets New Orleans, LA | $35,749,079 | $9,811,309 |
St Joseph Manor Bryan, TX | $14,734,053 | $6,915,192 |
Home For Aged Masons Arlington, TX | $126,219,550 | $9,760,970 |
Greene Acres Nursing Home Assc Inc Paragould, AR | $7,686,643 | $13,292,682 |
Lafon Nursing Home United States Catholic Conference New Orleans, LA | $13,296,999 | $7,053,094 |