Covenant Village Of Colorado Inc
- Assets
- $64.4m
- Revenue
- $21.3m
- Investments
- $6.9m
- Employees
- 243
- Location
- Westminster, CO
- Founding
- 07/1975
- Data as of
- 09/2021
- EIN
- 84-1084331
Organization Overview
Covenant Village Of Colorado Inc is located in Westminster, CO. 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 Village Of Colorado Inc employed 243 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Covenant Village Of Colorado 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 Village Of Colorado Inc generated $21.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $22.5m during the year ending 09/2021. While expenses have increased by 2.6% 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 276 RESIDENTS OCCUPYING 217 APARTMENTS AT 09/30/2021. RESIDENCY FOR THE FISCAL YEAR TOTALED 104,492 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 TOTAL OF 29 ASSISTED LIVING RESIDENTS AT 09/30/2021. ASSISTED LIVING RESIDENCY FOR THE FISCAL YEAR TOTALED 8,939 RESIDENT DAYS.
SKILLED NURSING & SKILLED DEMENTIA: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 49 SKILLED AND LONG TERM RESIDENTS AT 09/30/2021. SKILLED AND LONG TERM RESIDENCY FOR THE FISCAL YEAR TOTALED 14,336 RESIDENT DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Milbourn Executive Director/avp, Operations | Officer | 45 | $239,958 |
Diane Lozier Director Of Sales | 40 | $150,053 | |
Jared Konkle Nursing Supervisor, Rn | 40 | $110,063 | |
Garry Hinderliter Director Of Human Resources | 40 | $109,375 | |
Janet Marks Healthcare Administrator | 40 | $102,959 | |
Jill Nunamaker Nursing Supervisor, Rn | 40 | $101,885 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Roofcorp Of Metro Denver Inc Construction/renovation | 9/29/21 | $1,613,005 |
Fashion Flooring Flooring - Parts And Labor | 9/29/21 | $313,048 |
Genesis Eldercare Rehab Services Therapy | 9/29/21 | $474,356 |
Raul Zamarron Services Construction/renovation | 9/29/21 | $212,245 |
Sodexo Inc & Affiliates Dining Services | 9/29/21 | $371,072 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $44,707 |
| Related organizations | $0 |
| Government grants | $1,141,707 |
| All other contributions, gifts, grants, and similar amounts not included above | $87,751 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,274,165 |
| Total Program Service Revenue | $18,574,011 |
| Investment income | $437,041 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $807,267 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,261,288 |
| 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. | $91,151 |
| Compensation of current officers, directors, key employees. | $91,151 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,564,732 |
| Pension plan accruals and contributions | $143,252 |
| Other employee benefits | $864,704 |
| Payroll taxes | $481,502 |
| Fees for services: Management | $98,423 |
| Fees for services: Legal | $134,434 |
| Fees for services: Accounting | $8,040 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,951,889 |
| Advertising and promotion | $180,998 |
| Office expenses | $818,545 |
| Information technology | $530,165 |
| Royalties | $0 |
| Occupancy | $922,438 |
| Travel | $14,561 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,513 |
| Interest | $1,838,144 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,711,451 |
| Insurance | $257,174 |
| All other expenses | $366,741 |
| Total functional expenses | $22,494,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,845 |
| Savings and temporary cash investments | $514,913 |
| Pledges and grants receivable | $84,917 |
| Accounts receivable, net | $565,854 |
| 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 | $24,329 |
| Net Land, buildings, and equipment | $43,317,304 |
| Investments—publicly traded securities | $12,540,425 |
| Investments—other securities | $6,897,385 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $405,407 |
| Total assets | $64,362,379 |
| Accounts payable and accrued expenses | $278,842 |
| Grants payable | $0 |
| Deferred revenue | $14,780,755 |
| Tax-exempt bond liabilities | $34,969,944 |
| Escrow or custodial account liability | $71,175 |
| 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 | $30,059,457 |
| Total liabilities | $80,160,173 |
| Net assets without donor restrictions | -$15,982,511 |
| Net assets with donor restrictions | $184,717 |
| 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 | $64,362,379 |
Peer Organizations
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|---|---|---|
Bethesda Foundation Colorado Springs, CO | $104,909,820 | $43,407,177 |
Lakeview Village Inc Lenexa, KS | $137,708,063 | $49,070,478 |
La Posada At Park Centre Inc Green Valley, AZ | $182,054,249 | $47,958,568 |
Frasier Meadows Manor Inc Boulder, CO | $252,296,856 | $40,732,560 |
Beatitudes Campus Of Care Phoenix, AZ | $120,319,049 | $33,436,636 |
People Of Faith Inc Sun City, AZ | $251,643,138 | $33,088,460 |
Bslc Ii Colorado Springs, CO | $101,154,124 | $30,600,534 |
Larksfield Place Retirement Communities Inc Wichita, KS | $52,859,205 | $27,697,106 |
Immanuel Caring Ministries Inc Peoria, AZ | $33,992,239 | $28,756,705 |
Friendship Retirement Corporation Glendale, AZ | $25,414,864 | $27,946,854 |
Central Oklahoma United Methodist Retirement Facility Inc Oklahoma City, OK | $92,530,594 | $26,932,223 |
Village Shalom Inc Overland Park, KS | $95,247,964 | $19,643,376 |