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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Robert T Howell Executive Director | Officer | 40 | $221,078 |
Richard P Miller Executive Director | Officer | 40 | $208,072 |
Charles Johnson Executive Director | Officer | 40 | $167,676 |
Laurie Small Executive Director | 40 | $154,691 | |
Darla C Lorenzen Admin-Healthcare | 40 | $132,133 | |
Lisa Fuller Director Of Sales | 40 | $126,109 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Sodexo Inc & Affiliates Dining Services | 1/30/19 | $2,617,146 |
Michealsen Construction Co Construction Services | 1/30/19 | $2,052,205 |
Consonus Rehab Therapy Services | 1/30/19 | $1,262,143 |
Solid Rock Construction & Fine Construction Services | 1/30/19 | $962,999 |
Turlock Construction Co Construction Services | 1/30/19 | $947,795 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $48,626 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $651,835 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $36,329,310 |
Pension plan accruals and contributions | $924,292 |
Other employee benefits | $5,302,338 |
Payroll taxes | $2,723,140 |
Fees for services: Management | $550,275 |
Fees for services: Legal | $189,974 |
Fees for services: Accounting | $58,155 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $9,534,911 |
Advertising and promotion | $547,121 |
Office expenses | $4,284,353 |
Information technology | $2,496,815 |
Royalties | $0 |
Occupancy | $5,074,510 |
Travel | $214,690 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $186,635 |
Interest | $4,402,039 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $14,422,805 |
Insurance | $778,655 |
All other expenses | $0 |
Total functional expenses | $104,511,521 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $70,397 |
Savings and temporary cash investments | $35,006 |
Pledges and grants receivable | $949,648 |
Accounts receivable, net | $6,735,305 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $1 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $418,643 |
Investments—publicly traded securities | $82,296,842 |
Investments—other securities | $35,073,788 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $118,616,487 |
Total assets | $399,742,748 |
Accounts payable and accrued expenses | $1,195,623 |
Grants payable | $0 |
Deferred revenue | $74,914,381 |
Tax-exempt bond liabilities | $99,691,393 |
Escrow or custodial account liability | $933,243 |
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 | $76,200,637 |
Total liabilities | $252,935,277 |
Net assets without donor restrictions | $141,724,779 |
Net assets with donor restrictions | $5,038,271 |
Capital stock or trust principal, or current funds | $44,421 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total liabilities and net assets/fund balances | $146,807,471 |
Over the last fiscal year, we have identified 1 grants that Covenant Retirement Communities West has recieved totaling $5,900.
Awarding Organization | Amount |
---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,900 |
Beg. Balance | $49,078 |
Earnings | -$2,583 |
Ending Balance | $46,495 |
Organization Name | Assets | Revenue |
---|---|---|
Humangood Norcal Pleasanton, CA | $515,729,709 | $179,074,156 |
Covia Communities Walnut Creek, CA | $466,296,281 | $147,771,280 |
Humangood Socal Glendale, CA | $291,759,666 | $103,269,411 |
Covenant Retirement Communities West Santa Barbara, CA | $399,742,748 | $112,955,280 |
Jewish Home San Francisco, CA | $304,306,014 | $78,278,566 |
Center For Elders Independence Oakland, CA | $120,957,275 | $86,372,308 |
Masonic Homes Of California San Francisco, CA | $1,081,181,439 | $41,944,438 |
Sequoia Living Inc San Francisco, CA | $270,494,642 | $79,829,017 |
Institute On Aging San Francisco, CA | $52,901,143 | $66,452,780 |
Grancell Village Of The Los Angeles Jewish Home For The Aging Reseda, CA | $74,926,928 | $60,255,490 |
Motion Picture And Television Fund Woodland Hills, CA | $136,364,222 | $44,605,548 |
Community Eldercare Of San Diego San Diego, CA | $47,826,056 | $75,967,495 |
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