Overview
What is Covenant Living Of Golden Valley Inc?
Covenant Living of Golden Valley Inc, located in Minneapolis, Minnesota, is a nonprofit organization that specializes in caring for senior adults. As part of the Evangelical Covenant Church, they embody the teachings of Jesus Christ by loving and serving both God and the community. Their mission involves providing residential living services to 205 residents, occupying 165 apartments as of September 30, 2022. The organization's impact during the same period amounted to 76,991 resident days. With a workforce of 329 employees, they continue to celebrate God's gift of life in a Christ-centered community.
Official website here: www.covliving.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Covenant Living Of Golden Valley Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and financial management. The organization boasts a strong Independent Board with 88% of its members being independent, which helps ensure transparency and good governance practices.
The charity excels in various categories, notably scoring full points in areas such as audit and oversight, material diversion of assets, and adherence to policies regarding conflicts of interest and whistleblower protections. With a program expense ratio of 74.90%, it indicates a significant portion of its resources is directed towards its mission-related activities, which is a positive indicator for potential donors.
However, the overall score of 81% suggests there may be room for improvement in certain areas. While the organization appears to manage its finances well, prospective supporters might benefit from a closer look at specific program outcomes and impact metrics to fully assess the effectiveness of their contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Covenant Living Of Golden Valley Inc legitimate?
Covenant Living Of Golden Valley Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Covenant Living Of Golden Valley Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,039,549
For more financial information, click here
Official website here: www.covliving.org
What is the mission statement of Covenant Living Of Golden Valley Inc?
Covenant Living of Golden Valley Inc is a ministry of the Evangelical Covenant Church, dedicated to caring for senior adults. Rooted in the teachings of Jesus Christ, they strive to embody the Great Commandment of loving and serving God and each other. Their mission celebrates the gift of life in a Christian community. The organization provides residential living services for 205 individuals, accommodating them in 165 apartments, totalling 76,991 resident days in the previous fiscal year.
Official website here: www.covliving.org
Who is the CEO of Covenant Living Of Golden Valley Inc?
Terri S Cunliffe is the CEO of Covenant Living Of Golden Valley Inc The CEO's salary of Covenant Living Of Golden Valley Inc is $0 and their total compensation is $969,233.
Official website here: www.covliving.org
What is the revenue of Covenant Living Of Golden Valley Inc?
Covenant Living Of Golden Valley Inc's revenue in 2023 was $23,916,118.
Official website here: www.covliving.org
Who are the executives of Covenant Living Of Golden Valley Inc and what are their salaries?
The average compensation at Covenant Living Of Golden Valley Inc during 2023 was $33,134. There are 303 employees and 16 volunteers at Covenant Living Of Golden Valley Inc.
Here are 34 key members and their salaries (Covenant Living Of Golden Valley Inc's CEO's salary is $0 and their total compensation is $969,233):
- Compensation: $0
- Related: $934,218
- Other: $35,015
- Compensation: $0
- Related: $410,044
- Other: $82,847
- Compensation: $0
- Related: $388,258
- Other: $103,279
- Compensation: $0
- Related: $414,211
- Other: $57,438
- Compensation: $0
- Related: $348,336
- Other: $49,634
- Compensation: $0
- Related: $288,273
- Other: $47,925
- Compensation: $0
- Related: $257,250
- Other: $30,739
- Compensation: $0
- Related: $228,615
- Other: $45,753
- Compensation: $0
- Related: $224,975
- Other: $47,440
- Compensation: $0
- Related: $226,287
- Other: $31,007
- Compensation: $196,207
- Related: $0
- Other: $8,997
- Compensation: $139,286
- Related: $0
- Other: $26,927
- Compensation: $129,326
- Related: $0
- Other: $33,291
- Compensation: $122,009
- Related: $0
- Other: $27,288
- Compensation: $123,262
- Related: $0
- Other: $13,648
- Compensation: $0
- Related: $62,214
- Other: $45,946
- Compensation: $0
- Related: $92,734
- Other: $5,579
- Compensation: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
Official website here: www.covliving.org
Where can I find the form 990 for Covenant Living Of Golden Valley Inc?
Covenant Living Of Golden Valley Inc'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 Of Golden Valley Inc
Covenant Living of Golden Valley Inc, a ministry of the Evangelical Covenant Church, is dedicated to showing God's love and compassion to senior adults. Guided by the teachings of Jesus Christ, they celebrate the gift of life and fulfill the commandment to love and serve both God and their neighbors. Through their residential living services, they welcomed 205 residents, who occupied 165 apartments, in the year ending September 30, 2022. The organization provided a total of 76,991 resident days throughout the fiscal year, offering a nurturing community for the elderly population. Covenant Living of Golden Valley Inc goes beyond just providing shelter, fostering a caring and supportive environment for its residents, embodying the Christian values of kindness, respect, and care.
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Impact
October, 2024
Covenant Living Of Golden Valley Inc significantly impacts the lives of senior adults in the Minneapolis area by providing a supportive and caring residential environment. As of September 30, 2022, the facility accommodated 205 residents across 165 apartments, reflecting a strong commitment to meeting the needs of its residents. Over the fiscal year, the community recorded 76,991 resident days, indicating a vibrant and active living space that fosters social connections and engagement.
The organization operates with a mission rooted in the values of the Evangelical Covenant Church, emphasizing a Christian community that embodies love and service. This commitment is reflected in its daily operations, prioritizing the well-being of residents and creating an atmosphere where individuals can thrive both physically and spiritually. By focusing on care and companionship, Covenant Living of Golden Valley Inc plays a crucial role in enhancing the quality of life for seniors, ensuring they feel valued, supported, and connected within their community.
This information is meant to be a general summary of Covenant Living Of Golden Valley Inc. 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: $320,034
- Program Service Revenue: $22,460,686
- Gross Receipts: $23,950,266
Assets and Liabilities:
- Total Assets: $43,921,873
- Total Liabilities: $87,572,311
- Net Assets: -$43,650,438
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ROUTINE SERVICES
Revenue
$17,275,477
ANCILLARY SERVICES
Revenue
$2,315,821
ENTRANCE FEE
Revenue
$2,158,213
MEDICARE/MEDICAID
Revenue
$634,656
MEALS
Revenue
$76,519
Organization Details
Founding Year
1959
Principal Officer
Terri S Cunliffe
Website
www.covliving.orgNTEE Category
Code: P750 - Human services
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