Covenant Retirement Communities West

Covenant Retirement Communities West Overview

Covenant Retirement Communities West is located in Santa Barbara, CA. 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 01/2019, Covenant Retirement Communities West employed 1,412 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes.

For the year ending 01/2019, Covenant Retirement Communities West generated $113.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $104.5m during the year ending 01/2019. While expenses have increased by 1.6% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

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 JANUARY 31, 2019 WERE AS FOLLOWS:THERE WERE 1,142 RESIDENTS OCCUPYING 854 APARTMENTS AS OF 1/31/19. THE RESIDENCY FOR THE FISCAL YEAR TOTALED 406,395 RESIDENT DAYS.


ASSISTED LIVING & ASSISTED MEMORY SUPPORT:THE NUMBER OF PERSONS WHO BENEFITED FROM THE SERVICES WE PROVIDED FOR THE YEAR ENDED JANUARY 31, 2019 WERE AS FOLLOWS:THERE WERE A TOTAL OF 188 ASSISTED LIVING RESIDENTS AT 01/31/19. ASSISTED LIVING RESIDENCY FOR THE FISCAL YEAR TOTALED 70,052 PATIENT DAYS.


SKILLED NURSING:THE NUMBER OF PERSONS WHO BENEFITED FROM THE SERVICES WE PROVIDED FOR THE YEAR ENDED JANUARY 31, 2019 WERE AS FOLLOWS:THERE WERE A TOTAL OF 338 SKILLED CARE PATIENTS AT 01/31/19.SKILLED CARE RESIDENCY FOR THE FISCAL YEAR TOTALED 119,916 PATIENT DAYS.


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Covenant Retirement Communities West Board, Officers & Key Employees

Covenant Retirement Communities West Vendors

Vendor Name (Service)Compensation
Sodexo Inc & Affiliates
Dining Services
$2,617,146
Michealsen Construction Co
Construction Services
$2,052,205
Consonus Rehab
Therapy Services
$1,262,143
Solid Rock Construction & Fine
Construction Services
$962,999
Turlock Construction Co
Construction Services
$947,795
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$1,534,921
Investment income $4,453,722
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$75,500
Net Gain/Loss on Asset Sales $1,214,649
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $112,955,280

Covenant Retirement Communities West Grants Recieved

Over the last fiscal year, we have identified 1 grants that Covenant Retirement Communities West has recieved totaling $5,900.

Awarding OrganizationAmount
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$5,900
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$49,078
Earnings-$2,583
Ending Balance$46,495

Covenant Retirement Communities West Peer Organizations

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