Covenant Living Of Keene
- Assets
- $71.6m
- Revenue
- $14.6m
- Investments
- $0.0
- Employees
- 192
- Location
- Skokie, IL
- Founding
- Data as of
- 09/2023
- EIN
- 87-3525712
Organization Overview
Covenant Living Of Keene is located in Skokie, IL. As of 09/2023, Covenant Living Of Keene employed 192 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Covenant Living Of Keene 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 Keene generated $14.6m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 43.1% each year . All expenses for the organization totaled $17.3m during the year ending 09/2023. While expenses have increased by 42.0% per year over the past 2 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 187 RESIDENTS OCCUPYING 126 APARTMENTS AT 09/30/2023. RESIDENCY FOR THE FISCAL YEAR TOTALED 67,563 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 TOTAL OF 24 ASSISTED LIVING RESIDENTS AT 09/30/2023. ASSISTED LIVING RESIDENCY FOR THE FISCAL YEAR TOTALED 8,685 RESIDENT DAYS.ASSISTED LIVING MEMORY SUPPORT: 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 17 ASSISTED LIVING MEMORY SUPPORT RESIDENTS AT 09/30/2023. ASSISTED LIVING MEMORY SUPPORT RESIDENCY FOR THE FISCAL YEAR TOTALED 5,514 RESIDENT DAYS.
SKILLED NURSING: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 11 SKILLED CARE RESIDENTS AT 09/30/2023. SKILLED CARE RESIDENCY FOR THE FISCAL YEAR TOTALED 3,712 RESIDENT DAYS.
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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 | |
Todd Slechta Director/ex-Officio | Trustee | 0.1 | $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 | $66,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,100 |
| Total Program Service Revenue | $14,312,559 |
| Investment income | $22,926 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,675 |
| Net Gain/Loss on Asset Sales | $10,080 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,565,737 |
| 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 | $5,595,031 |
| Pension plan accruals and contributions | $57,475 |
| Other employee benefits | $587,665 |
| Payroll taxes | $414,612 |
| Fees for services: Management | $133,939 |
| Fees for services: Legal | $34,793 |
| Fees for services: Accounting | $31,351 |
| Fees for services: Lobbying | $95 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,052,000 |
| Advertising and promotion | $275,995 |
| Office expenses | $459,576 |
| Information technology | $260,098 |
| Royalties | $0 |
| Occupancy | $1,632,117 |
| Travel | $38,043 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $54,064 |
| Interest | $1,083,467 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,487,439 |
| Insurance | $107,614 |
| All other expenses | $171,197 |
| Total functional expenses | $17,288,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,621 |
| Savings and temporary cash investments | $382 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $81,830 |
| 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 | $14,621 |
| Net Land, buildings, and equipment | $67,199,965 |
| Investments—publicly traded securities | $4,262,953 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $71,563,372 |
| Accounts payable and accrued expenses | $53,530 |
| Grants payable | $0 |
| Deferred revenue | $12,816,547 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $53,650 |
| 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 | $63,131,554 |
| Total liabilities | $76,055,281 |
| Net assets without donor restrictions | -$4,556,137 |
| Net assets with donor restrictions | $64,228 |
| 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 | $71,563,372 |