Overview
What is Covenant Living Communities And Services?
Covenant Living Communities and Services is a nonprofit organization based in Skokie, Illinois, with a ministry affiliation to the Evangelical Covenant Church. They provide caring services for senior adults, offering various living arrangements including residential and catered living, assisted living, and skilled nursing. As of September 30, 2022, there were 3,527 residents benefiting from their services, residing in 2,787 apartments and contributing to a total of 1,396,003 resident days. Their commitment to serving others is rooted in the Christian belief to love and serve God and one another, as taught by Jesus Christ.
Official website here: www.covliving.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Covenant Living Communities and Services has achieved a Three-Star rating from Charity Navigator, with a commendable overall score of 81%. This rating is based solely on its Accountability & Finance metrics, which reflects the organization’s commitment to transparency and responsible financial management. The score indicates that the nonprofit effectively manages its resources while maintaining a focus on operational integrity.
The organization demonstrates strong governance practices, with 88% of its board members being independent, which aligns with best practices for nonprofit oversight. The financial oversight mechanisms are robust, as evidenced by high scores in various categories, including a perfect score for its audit and oversight committee. Additionally, Covenant Living has shown no material diversion of assets, which further emphasizes its financial accountability.
However, while the overall financial health appears strong, the rating does not provide insights into the organization's programmatic impact or community engagement. This limitation suggests that potential donors and stakeholders may want to seek additional information regarding the effectiveness and reach of its programs to gain a fuller understanding of its contributions to the community.
This AI summary has been generated from information found on Charity Navigator.
Is Covenant Living Communities And Services legitimate?
Covenant Living Communities And Services is a legitimate nonprofit organization registered as a 501(c)(3) entity. Covenant Living Communities And Services submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,749,968
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,613,419
For more financial information, click here
Official website here: www.covliving.org
What is the mission statement of Covenant Living Communities And Services?
Covenant Living Communities and Services, as a ministry of the Evangelical Covenant Church, prioritizes caring for senior adults. Grounded in the Great Commandment to love and serve God and one another, this organization provides various services to meet the needs of their residents. They offer residential and catered living, assisted living, and skilled nursing care. Through these services, the organization aims to enhance the lives of thousands of residents each year, providing them with a significant number of resident days. By focusing on Christian community and compassionate care, Covenant Living Communities and Services strive to celebrate the gift of life and spread God's love among their residents.
Official website here: www.covliving.org
Who is the CEO of Covenant Living Communities And Services?
Terri S Cunliffe is the CEO of Covenant Living Communities And Services The CEO's salary of Covenant Living Communities And Services is $934,218 and their total compensation is $969,233.
Official website here: www.covliving.org
What is the revenue of Covenant Living Communities And Services?
Covenant Living Communities And Services's revenue in 2023 was $50,434,180.
Official website here: www.covliving.org
Who are the executives of Covenant Living Communities And Services and what are their salaries?
The average compensation at Covenant Living Communities And Services during 2023 was $115,493. There are 159 employees and 16 volunteers at Covenant Living Communities And Services.
Here are 32 key members and their salaries (Covenant Living Communities And Services's CEO's salary is $934,218 and their total compensation is $969,233):
- Compensation: $934,218
- Related: $0
- Other: $35,015
- Compensation: $0
- Related: $288,273
- Other: $47,925
- Compensation: $0
- Related: $62,214
- Other: $45,946
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- Other: $0
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- Other: $0
- Compensation: $388,258
- Related: $0
- Other: $103,279
- Compensation: $410,044
- Related: $0
- Other: $82,847
- Compensation: $414,211
- Related: $0
- Other: $57,438
- Compensation: $92,734
- Related: $0
- Other: $5,579
- Compensation: $0
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- Other: $0
- Compensation: $224,975
- Related: $0
- Other: $47,440
- Compensation: $390,912
- Related: $0
- Other: $60,671
- Compensation: $529,541
- Related: $0
- Other: $85,668
- Compensation: $479,009
- Related: $0
- Other: $74,013
- Compensation: $331,582
- Related: $0
- Other: $28,764
- Compensation: $360,492
- Related: $0
- Other: $26,878
- Compensation: $348,336
- Related: $0
- Other: $49,634
- Compensation: $226,287
- Related: $0
- Other: $31,007
Official website here: www.covliving.org
Where can I find the form 990 for Covenant Living Communities And Services?
Covenant Living Communities And Services's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.covliving.org
Learn more at the official website: www.covliving.org
Mission Statement of Covenant Living Communities And Services
Covenant Living Communities and Services, a ministry of the Evangelical Covenant Church, is dedicated to caring for senior adults. This organization celebrates the gift of life in a Christian community, following the great commandment to love and serve God and one another, as taught by Jesus Christ. With a mission rooted in faith, Covenant Living Communities and Services provides various living options and services to support its residents.
At the continuing care retirement communities, there were 3,527 residents, occupying 2,787 apartments as of September 30, 2022. The organization offered a total of 1,264,607 resident days throughout the fiscal year. Among these residents were those who required additional assistance. There were 479 residents in the assisted living program, with 171,471 resident days provided during the fiscal year. For those diagnosed with memory support needs, there were 124 residents, and 44,616 resident days were dedicated to their care. Lastly, there were 779 residents in the skilled nursing program, with 269,327 resident days offered during the fiscal year.
In summary, Covenant Living Communities and Services is a faith-based organization that provides comprehensive care for senior adults. Their commitment to serving and loving God and their community is reflected in the various living options and services they offer, catering to different needs and stages of life. The organization's mission is to create a caring environment where seniors can thrive and live their best lives.
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Impact
October, 2024
Covenant Living Communities And Services significantly enhances the lives of senior adults through comprehensive care and support. In the fiscal year ending September 30, 2022, the organization provided services to a diverse range of residents across various living arrangements.
In its residential and catered living facilities, 3,527 individuals enjoyed a total of 1,264,607 resident days, providing them with a secure and engaging community environment. For those needing additional assistance, the assisted living facilities accommodated 479 residents for 171,471 resident days. Moreover, specialized care for memory support was provided to 124 residents, with a total of 44,616 days emphasizing tailored support for cognitive challenges.
The skilled nursing facilities served 779 residents for 269,327 resident days, ensuring that those with more intensive health care needs received the attention and medical care essential for their well-being.
This holistic approach to senior living fosters a nurturing atmosphere, encouraging physical, emotional, and spiritual wellness among residents. By creating a Christian community that embodies the principles of love and service, Covenant Living Communities And Services plays a vital role in improving the quality of life for seniors, supporting their dignity, independence, and community connection.
This information is meant to be a general summary of Covenant Living Communities And Services. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $6,427,767
- Program Service Revenue: $43,051,174
- Gross Receipts: $50,921,833
Assets and Liabilities:
- Total Assets: $275,632,536
- Total Liabilities: $192,470,854
- Net Assets: $83,161,682
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$38,742,498
ROUTINE SERVICES
Revenue
$2,683,726
ENTRANCE FEE
Revenue
$1,617,582
ANCILLARY SERVICE
Revenue
$7,368
Organization Details
Founding Year
1975
Principal Officer
Terri S Cunliffe
Website
www.covliving.orgNTEE Category
Code: P750 - Human services
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