Covenant Home Of Chicago
- Assets
- $9.4m
- Revenue
- $4.1m
- Investments
- $2.2m
- Employees
- 48
- Location
- Chicago, IL
- Founding
- 07/1975
- Data as of
- 09/2023
- EIN
- 36-3095932
Organization Overview
Covenant Home Of Chicago is located in Chicago, IL. The organization was established in 1975. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 09/2023, Covenant Home Of Chicago employed 48 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Covenant Home Of Chicago 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 Of Chicago generated $4.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $3.2m during the year ending 09/2023. While expenses have increased by 2.8% per year over the past 8 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
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 A TOTAL OF 46 ASSISTED LIVING RESIDENTS AT 09/30/2023. ASSISTED LIVING RESIDENCY FOR THE FISCAL YEAR TOTALED 16,476 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 | $31,886 |
| All other contributions, gifts, grants, and similar amounts not included above | $992,640 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,024,526 |
| Total Program Service Revenue | $2,842,842 |
| Investment income | $99,362 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $66,878 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,103,400 |
| 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 | $1,508,729 |
| Pension plan accruals and contributions | $10,498 |
| Other employee benefits | $89,738 |
| Payroll taxes | $108,718 |
| Fees for services: Management | $2,700 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,376 |
| Fees for services: Lobbying | $144 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $98,961 |
| Advertising and promotion | $17,211 |
| Office expenses | $161,584 |
| Information technology | $5,926 |
| Royalties | $0 |
| Occupancy | $199,553 |
| Travel | $2,340 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $9,090 |
| Conferences, conventions, and meetings | $0 |
| Interest | $218,778 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $274,472 |
| Insurance | $45,267 |
| All other expenses | $34,856 |
| Total functional expenses | $3,176,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,964 |
| Savings and temporary cash investments | $16,465 |
| Pledges and grants receivable | $233,598 |
| Accounts receivable, net | $75,488 |
| 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 | $24,223 |
| Net Land, buildings, and equipment | $4,354,378 |
| Investments—publicly traded securities | $2,343,295 |
| Investments—other securities | $2,224,486 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,375,897 |
| Accounts payable and accrued expenses | $36,871 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $5,878,862 |
| Total liabilities | $5,915,733 |
| Net assets without donor restrictions | $3,336,930 |
| Net assets with donor restrictions | $123,234 |
| 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 | $9,375,897 |