Covenant Living Of Florida Inc
- Assets
- $63.5m
- Revenue
- $22.7m
- Investments
- $5.9m
- Employees
- 258
- Location
- Plantation, FL
- Founding
- 07/1975
- Data as of
- 09/2021
- EIN
- 52-1115870
Organization Overview
Covenant Living Of Florida Inc is located in Plantation, FL. 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 09/2021, Covenant Living Of Florida Inc employed 258 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Covenant Living Of Florida Inc 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 09/2021, Covenant Living Of Florida Inc generated $22.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $23.4m during the year ending 09/2021. While expenses have increased by 1.2% per year over the past 6 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
2021
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, 2021 WERE AS FOLLOWS:THERE WERE A TOTAL OF 278 RESIDENTS, OCCUPYING 231 APARTMENTS AT 09/30/2021. RESIDENCY FOR THE FISCAL YEAR TOTALED 98,504 RESIDENT DAYS.
ASSISTED LIVING: THE NUMBER OF PERSONS WHO BENEFITED FROM THE SERVICES WE PROVIDED FOR THE YEAR ENDED SEPTEMBER 30, 2021 WERE AS FOLLOWS:THERE WERE A TOTAL OF 39 ASSISTED LIVING RESIDENTS AT 09/30/2021. ASSISTED LIVING RESIDENCY FOR THE FISCAL YEAR TOTALED 13,151 RESIDENT DAYS.
SKILLED NURSING:THE NUMBER OF PERSONS WHO BENEFITED FROM THE SERVICES WE PROVIDED FOR THE YEAR ENDED SEPTEMBER 30, 2021 WERE AS FOLLOWS:THERE WERE A TOTAL OF 47 SKILLED CARE RESIDENTS AT 09/30/2021.SKILLED CARE RESIDENCY FOR THE FISCAL YEAR TOTALED 18,131 RESIDENT DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley Bodie Executive Director | Officer | 40 | $183,827 |
Mykelle Henry Healthcare Administrator | 40 | $126,630 | |
John Davis Director Of Facilities Management | 40 | $115,371 | |
Ardeen Vissey Associate Executive Director | 40 | $106,379 | |
Shannon John Director Of Nursing | 40 | $103,939 | |
Terri S Cunliffe Director/clcs President/ceo | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Carpets And Tile Of Coral Way Construction | 9/29/21 | $305,382 |
Smp Construction Inc Construction | 9/29/21 | $880,338 |
Sodexo Inc & Affiliates Dining Services | 9/29/21 | $416,002 |
Genesis Rehabilitation Service Therapy | 9/29/21 | $691,235 |
Southern Mechanical Systems Inc Mechanical Services | 9/29/21 | $215,263 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,284,061 |
| All other contributions, gifts, grants, and similar amounts not included above | $265,469 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,549,530 |
| Total Program Service Revenue | $19,831,504 |
| Investment income | $714,377 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,600 |
| Net Gain/Loss on Asset Sales | $447,324 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,741,571 |
| 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. | $228,903 |
| Compensation of current officers, directors, key employees. | $228,903 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,875,407 |
| Pension plan accruals and contributions | $207,010 |
| Other employee benefits | $1,157,128 |
| Payroll taxes | $517,438 |
| Fees for services: Management | $99,266 |
| Fees for services: Legal | $28,036 |
| Fees for services: Accounting | $44,256 |
| Fees for services: Lobbying | $520 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,564,171 |
| Advertising and promotion | $224,063 |
| Office expenses | $1,030,451 |
| Information technology | $442,162 |
| Royalties | $0 |
| Occupancy | $1,295,543 |
| Travel | $14,103 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $41,500 |
| Interest | $1,883,753 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,747,954 |
| Insurance | $299,631 |
| All other expenses | $563,472 |
| Total functional expenses | $23,370,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,800 |
| Savings and temporary cash investments | $23,218 |
| Pledges and grants receivable | $769,019 |
| Accounts receivable, net | $790,415 |
| 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 | $9,253 |
| Net Land, buildings, and equipment | $34,858,113 |
| Investments—publicly traded securities | $20,965,477 |
| Investments—other securities | $5,939,076 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $63,536,371 |
| Accounts payable and accrued expenses | $221,552 |
| Grants payable | $0 |
| Deferred revenue | $11,199,644 |
| Tax-exempt bond liabilities | $19,530,411 |
| Escrow or custodial account liability | $26,102 |
| 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 | $47,697,178 |
| Total liabilities | $78,674,887 |
| Net assets without donor restrictions | -$15,526,450 |
| Net assets with donor restrictions | $387,934 |
| 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 | $63,536,371 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Covenant Living Of Florida Inc has recieved totaling $81.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $81 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Methodist Home For The Aging Birmingham, AL | $118,213,803 | $51,510,138 |
Lenbrook Square Foundation Inc Atlanta, GA | $291,448,667 | $46,078,205 |
Cypress Cove At Healthpark Florida Inc Fort Myers, FL | $165,133,632 | $33,291,550 |
Glenridge On Palmer Ranch Inc Jacksonville, FL | $194,012,729 | $37,245,180 |
John Knox Village Of Central Florida Inc Orange City, FL | $183,731,535 | $56,317,098 |
Oak Hammock At The University Of Florida Inc Gainesville, FL | $123,521,355 | $38,928,213 |
Gulf Care Inc Cape Coral, FL | $96,060,136 | $33,635,859 |
Senior Care Group Inc Tampa, FL | $31,110,581 | $32,171,523 |
Magnolia Manor Inc Americus, GA | $105,196,135 | $36,011,404 |
Waterman Communities Inc Mount Dora, FL | $148,398,473 | $31,351,619 |
East Ridge Retirement Village Inc Gainesville, FL | $85,059,682 | $27,977,471 |
North Florida Retirement Village Inc Gainesville, FL | $89,998,820 | $32,740,071 |