Overview
What is Covenant Village Inc?
Covenant Village Inc is a nonprofit organization based in Gastonia, North Carolina, with a US address at 1351 Robinwood Road, 28054. They are dedicated to operating a continuing care retirement community, providing nursing care, assisted living, and services for the independent elderly. With a team of 280 employees, Covenant Village Inc ensures the well-being and comfort of its residents, making a significant difference in their lives as they transition into their golden years.
Official website here: www.covenantvillagenc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Covenant Village Inc has received an overall rating of 81%, which reflects a strong emphasis on accountability and financial management. The organization scored particularly well in areas such as independent board membership and financial oversight, with 100% of board members being independent. Additionally, the nonprofit has demonstrated effective financial practices, evidenced by a high program expense ratio of 87.86%, indicating that a significant portion of its funds is allocated to its charitable programs.
However, there are some limitations in terms of governance, as the organization is missing key policies such as a conflict of interest policy and a whistleblower policy, which could affect transparency and stakeholder trust. Despite these shortcomings, the presence of an audit and oversight committee, as well as the proper listing of documents on its website, highlights the organization’s commitment to accountability.
Overall, Covenant Village Inc shows a commendable level of financial responsibility and governance, although improvements in specific policy areas would enhance its rating and public perception. Potential donors and stakeholders may consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Covenant Village Inc legitimate?
Covenant Village Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Covenant Village 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: $225,363
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,765,538
For more financial information, click here
Official website here: www.covenantvillagenc.org
What is the mission statement of Covenant Village Inc?
Covenant Village Inc is dedicated to managing and operating a continuing care retirement community, catering to the independent elderly population. They provide a range of services including nursing care, assisted living, and other essential support. The organization's primary goal is to ensure the well-being and care of its residents, offering them the opportunity to live comfortably and independently in their later years. Through its operations, Covenant Village Inc aims to create an environment where elderly individuals can maintain their independence while receiving the necessary care and assistance when required. The organization's mission is centered around providing comprehensive care and services to enhance the quality of life for its residents.
Official website here: www.covenantvillagenc.org
Who is the CEO of Covenant Village Inc?
Dale Melton is the Ceo of Covenant Village Inc. The CEO's salary of Covenant Village Inc is $225,363 and their total compensation is $257,872.
Official website here: www.covenantvillagenc.org
What is the revenue of Covenant Village Inc?
Covenant Village Inc's revenue in 2022 was $14,664,679.
Official website here: www.covenantvillagenc.org
Who are the executives of Covenant Village Inc and what are their salaries?
The average compensation at Covenant Village Inc during 2022 was $24,968. There are 280 employees at Covenant Village Inc.
Here are 18 key members and their salaries (Covenant Village Inc's CEO's salary is $225,363 and their total compensation is $257,872):
- Compensation: $225,363
- Related: $0
- Other: $32,509
- Compensation: $152,414
- Related: $0
- Other: $24,502
- Compensation: $135,191
- Related: $0
- Other: $34,871
- Compensation: $109,942
- Related: $0
- Other: $26,000
- Compensation: $107,610
- Related: $0
- Other: $12,321
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Compensation: $0
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- Other: $0
Official website here: www.covenantvillagenc.org
Where can I find the form 990 for Covenant Village Inc?
Covenant Village Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.covenantvillagenc.org
Learn more at the official website: www.covenantvillagenc.org
Mission Statement of Covenant Village Inc
Covenant Village Inc, a leading nonprofit organization, is dedicated to owning and operating a continuing care retirement community. This community caters to the needs of the independent elderly, offering a range of services beyond the realms of ordinary retirement living. Covenant Village's mission extends to providing nursing care, assisted living, and essential services for those in their golden years.
In essence, Covenant Village aims to create an environment where elderly individuals can thrive and maintain their independence. The organization's commitment to care goes beyond the daily needs of its residents. It encompasses providing nursing care for those who require additional health services and assisted living for those who need support in their day-to-day lives.
Covenant Village's operation is not just limited to a retirement facility. It is a comprehensive life and health care community, accommodating over 200 residents. The organization's dedication to its mission ensures that it provides its residents with the necessary care and support they need to live their lives to the fullest. From nursing care to assisted living, Covenant Village's services are tailored to meet the unique needs of its elderly population, allowing them to age gracefully within the community.
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Impact
October, 2024
Covenant Village Inc significantly impacts the Gastonia community by operating a continuing care retirement community that caters to the diverse needs of its elderly population. By providing nursing care, assisted living, and services for independent seniors, Covenant Village ensures that residents have access to essential health care and support as they age. This integrated approach not only promotes healthy living but also fosters a sense of community among more than 200 residents.
The organization plays a vital role in enhancing the quality of life for seniors by offering a safe and nurturing environment where they can maintain their independence while receiving the care they need. Through its comprehensive services, Covenant Village addresses various challenges faced by older adults, alleviating the burden on families and caregivers. Overall, Covenant Village Inc contributes to the well-being of the elderly in Gastonia, creating a specialized support system that promotes dignity, health, and community engagement.
This information is meant to be a general summary of Covenant Village 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 2022.
- Investment Income: -$1,099,125
- Program Service Revenue: $12,725,188
- Gross Receipts: $14,696,286
Assets and Liabilities:
- Total Assets: $24,815,314
- Total Liabilities: $14,809,427
- Net Assets: $10,005,887
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENTIAL REVENUE
Revenue
$11,256,053
ENTRANCE FEES
Revenue
$1,469,135
Organization Details
Founding Year
1977
Phone
(704) 867-2319Principal Officer
Dale Melton
Main Address
1351 ROBINWOOD ROAD, GASTONIA, NC, 28054
Website
www.covenantvillagenc.orgNTEE Category
Code: P75Z - Human services
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