Covenant Living Of Colorado
- Assets
- $63.8m
- Revenue
- $24.3m
- Investments
- $7.5m
- Employees
- 214
- Location
- Westminster, CO
- Founding
- 07/1975
- Data as of
- 09/2023
- EIN
- 84-1084331
Organization Overview
Covenant Living Of Colorado is located in Westminster, CO. 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 Colorado employed 214 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Covenant Living Of Colorado 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 Colorado generated $24.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $23.9m during the year ending 09/2023. While expenses have increased by 2.7% 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.
Form
990
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 294 RESIDENTS OCCUPYING 224 APARTMENTS AT 09/30/2023. RESIDENCY FOR THE FISCAL YEAR TOTALED 103,298 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 39 ASSISTED LIVING RESIDENTS AT 09/30/2023. ASSISTED LIVING RESIDENCY FOR THE FISCAL YEAR TOTALED 13,495 RESIDENT DAYS.
SKILLED NURSING & SKILLED DEMENTIA: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 55 SKILLED AND LONG TERM RESIDENTS AT 09/30/2023. SKILLED AND LONG TERM RESIDENCY FOR THE FISCAL YEAR TOTALED 17,816 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 |
Jean E Justie Cfo/treasurer/asst Secretary | Officer | 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 |
Amy Lacroix Former SVP Community Ops | 0 | $0 | |
Peter Milbourn Associate Vp, Operations | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc & Affiliates Dining Services | 9/29/23 | $635,445 |
Healthpro Heritage Therapy | 9/29/23 | $532,747 |
Western Roofing Inc Construction/renovation | 9/29/23 | $528,326 |
Aureus Nursing Llc Medical Services/staffing | 9/29/23 | $511,157 |
High Country Flooring Llc Construction/renovation | 9/29/23 | $373,221 |
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 | $493,392 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $493,392 |
| Total Program Service Revenue | $22,640,854 |
| Investment income | $667,170 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $300,149 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,320,973 |
| 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 | $7,558,633 |
| Pension plan accruals and contributions | $103,600 |
| Other employee benefits | $782,177 |
| Payroll taxes | $593,331 |
| Fees for services: Management | $101,188 |
| Fees for services: Legal | $44,989 |
| Fees for services: Accounting | $7,360 |
| Fees for services: Lobbying | $1,319 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,659,583 |
| Advertising and promotion | $189,151 |
| Office expenses | $765,193 |
| Information technology | $384,843 |
| Royalties | $0 |
| Occupancy | $1,073,831 |
| Travel | $38,966 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55,958 |
| Interest | $1,785,269 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,017,315 |
| Insurance | $257,712 |
| All other expenses | $467,630 |
| Total functional expenses | $23,927,520 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,125 |
| Savings and temporary cash investments | $514,827 |
| Pledges and grants receivable | $247,511 |
| Accounts receivable, net | $1,004,825 |
| 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 | $59,717 |
| Net Land, buildings, and equipment | $42,767,539 |
| Investments—publicly traded securities | $11,275,286 |
| Investments—other securities | $7,458,868 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $418,194 |
| Total assets | $63,762,892 |
| Accounts payable and accrued expenses | $369,641 |
| Grants payable | $0 |
| Deferred revenue | $16,321,978 |
| Tax-exempt bond liabilities | $28,758,986 |
| Escrow or custodial account liability | $119,155 |
| 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 | $36,394,990 |
| Total liabilities | $81,964,750 |
| Net assets without donor restrictions | -$18,459,988 |
| Net assets with donor restrictions | $258,130 |
| 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 | $63,762,892 |