Covenant Home
- Assets
- $204.7m
- Revenue
- $22.6m
- Investments
- $35.1m
- Employees
- 360
- Location
- Northbrook, IL
- Founding
- 07/1975
- Data as of
- 09/2023
- EIN
- 36-2643638
Organization Overview
Covenant Home is located in Northbrook, IL. 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 Home employed 360 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Covenant Home 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 Home generated $22.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $16.4m during the year ending 09/2023. 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 393 RESIDENTS, OCCUPYING 306 APARTMENTS AT 09/30/23. RESIDENCY FOR THE FISCAL YEAR TOTALED 137,972 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 |
Todd Slechta Director/ex-Officio | Trustee | 0.1 | $0 |
Tammy Swanson-Draheim Director/ Ex-Officio | Trustee | 0.1 | $0 |
Janet Creaney Director/chair | OfficerTrustee | 0.1 | $0 |
Lorene Flewellen Director/vice Chair | OfficerTrustee | 0.1 | $0 |
Janet Goelz Hoffman Director/secretary | OfficerTrustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Paki Llc Ab Construction Construction/renovation | 9/29/23 | $914,835 |
Healthpro Rehabilitation Therapy | 9/29/23 | $560,969 |
Brian Anderson Construction Construction/renovation | 9/29/23 | $525,910 |
Sodexo Inc & Affiliates Dining Services | 9/29/23 | $491,153 |
Custom Carpet Construction/renovation | 9/29/23 | $436,996 |
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 | $77,183 |
| Noncash contributions included in lines 1a–1f | $2,729 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,183 |
| Total Program Service Revenue | $19,929,021 |
| Investment income | $1,793,252 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$132,265 |
| Net Gain/Loss on Asset Sales | $457,803 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,644,877 |
| 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. | $404,715 |
| Compensation of current officers, directors, key employees. | $404,715 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,286,431 |
| Pension plan accruals and contributions | $70,934 |
| Other employee benefits | $349,655 |
| Payroll taxes | $229,520 |
| Fees for services: Management | $35,293 |
| Fees for services: Legal | $30,141 |
| Fees for services: Accounting | $4,971 |
| Fees for services: Lobbying | $1,754 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $706,305 |
| Advertising and promotion | $135,411 |
| Office expenses | $446,455 |
| Information technology | $400,979 |
| Royalties | $0 |
| Occupancy | $1,020,057 |
| Travel | $12,230 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $74,929 |
| Interest | $966,295 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,591,044 |
| Insurance | $375,789 |
| All other expenses | $93,309 |
| Total functional expenses | $16,436,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,311 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $39,279 |
| Accounts receivable, net | $1,548,841 |
| 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 | $7,648 |
| Net Land, buildings, and equipment | $69,450,068 |
| Investments—publicly traded securities | $96,040,690 |
| Investments—other securities | $35,072,871 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,498,228 |
| Total assets | $204,671,936 |
| Accounts payable and accrued expenses | $438,904 |
| Grants payable | $0 |
| Deferred revenue | $31,311,791 |
| Tax-exempt bond liabilities | $106,568,532 |
| Escrow or custodial account liability | $648,300 |
| 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 | $38,524,905 |
| Total liabilities | $177,492,432 |
| Net assets without donor restrictions | $27,118,080 |
| Net assets with donor restrictions | $61,424 |
| 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 | $204,671,936 |