COVENANT RETIREMENT COMMUNITIES INC: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- COVENANT RETIREMENT COMMUNITIES INC (EIN 36-3478388)
- Tax period
- 2024-10-01 to 2025-09-30
- Filed
- 2026-08-10
- IRS object ID
- 202612229349300226
- Schema version
- 2024v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule K
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-08-10T09:50:08+00:00 | ReturnTs |
| Tax Period End | 2025-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 331498605 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PLANTE & MORAN PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 SOUTH RIVERSIDE PLAZA 9TH FLOOR | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 363478388 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COVENANT LIVING COMMUNITIES AND SERVICES | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | COVE | BusinessNameControlTxt |
| Phone | 7738782294 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5700 OLD ORCHARD RD | AddressLine1Txt |
| City | SKOKIE | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60077 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAVID ERICKSON | PersonNm |
| Person Title | 773-878-2294 | PersonTitleTxt |
| Signature | 2026-08-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SAMANTHA L BECKER | PreparerPersonNm |
| PTIN | P01344887 | PTIN |
| Phone | 3122071040 | PhoneNum |
| Preparation | 2026-08-06 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
Principal Ofcr Business Name PrincipalOfcrBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DAVID ERICKSON | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5700 OLD ORCHARD RD | AddressLine1Txt |
| City | SKOKIE | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60077 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $75,664,913 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.COVLIVING.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1975 | FormationYr |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Activity Or Mission | CARE FOR SENIOR ADULTS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 19 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 15 | VotingMembersIndependentCnt |
| Total Employee | 188 | TotalEmployeeCnt |
| Total Volunteers | 17 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $595,877 | PYContributionsGrantsAmt |
| CY Contributions Grants | $369,528 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $40,706,852 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $42,899,711 | CYProgramServiceRevenueAmt |
| PY Investment Income | $3,682,524 | PYInvestmentIncomeAmt |
| CY Investment Income | $32,254,154 | CYInvestmentIncomeAmt |
| PY Other Revenue | $266,462 | PYOtherRevenueAmt |
| CY Other Revenue | $91,294 | CYOtherRevenueAmt |
| PY Total Revenue | $45,251,715 | PYTotalRevenueAmt |
| CY Total Revenue | $75,614,687 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $18,162 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $17,057 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $27,129,149 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $30,014,720 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,142,250 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $21,655,915 | PYOtherExpensesAmt |
| CY Other Expenses | $48,754,179 | CYOtherExpensesAmt |
| PY Total Expenses | $48,803,226 | PYTotalExpensesAmt |
| CY Total Expenses | $78,785,956 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$3,551,511 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$3,171,269 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $364,266,886 | TotalAssetsBOYAmt |
| Total Assets EOY | $306,813,967 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $260,611,005 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $192,640,025 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $103,655,881 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $114,173,942 | NetAssetsOrFundBalancesEOYAmt |
| Mission | (SEE ON SCHEDULE O) | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $62,408,343 | ExpenseAmt |
| Grant | $17,057 | GrantAmt |
| Revenue | $42,986,031 | RevenueAmt |
| Desc | THE NUMBER OF PERSONS RESIDING AT THE CONTINUING CARE RETIREMENT COMMUNITIES THAT BENEFITED FROM THE SERVICES WE PROVIDED FOR THE YEAR ENDED SEPTEMBER 30, 2025, WERE AS FOLLOWS: RESIDENTIAL & CATERED LIVING: THERE WERE A TOTAL OF 3,780 RESIDENTS, OCCUPYING 2,978 APARTMENTS AT 09/30/2025. RESIDENCY FOR THE FISCAL YEAR TOTALED 1,350,316 RESIDENT DAYS. ASSISTED LIVING: THERE WERE A TOTAL OF 515 RESIDENTS AT 09/30/2025. ASSISTED LIVING RESIDENCY FOR THE FISCAL YEAR TOTALED 175,053 RESIDENT DAYS. ASSISTED LIVING MEMORY SUPPORT: THERE WERE A TOTAL OF 130 RESIDENTS AT 09/30/2025. ASSISTED LIVING MEMORY SUPPORT RESIDENCY FOR THE FISCAL YEAR TOTALED 47,244 RESIDENT DAYS. SKILLED NURSING: THERE WERE A TOTAL OF 694 RESIDENTS AT 09/30/2025. SKILLED CARE RESIDENCY FOR THE FISCAL YEAR TOTALED 248,246 RESIDENT DAYS. | Desc |
| Total Program Service Expenses | $62,408,343 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | Yes (true) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (true) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | Yes (true) | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 1040 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 188 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | Yes (true) | ForeignFinancialAccountInd |
| Foreign Country | BD | ForeignCountryCd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | Yes (true) | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 19 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 15 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Policies Reference Chapters | false | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Written Policy Or Procedure | false | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JEAN E JUSTIE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7738782294 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O CLCS 5700 OLD ORCHARD RD | AddressLine1Txt |
| City | SKOKIE | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60077 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (34 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|---|
| DAVID G ERICKSON | ||||||||||
| DIRECTOR/EX-OFFICIO/CHIEF EXECUTIVE OFFICER | 40.0 | 22.0 | Yes (X) | Yes (X) | $661,650 | $0 | $149,211 | |||
| JANET CREANEY | ||||||||||
| DIRECTOR/CHAIR | 0.1 | 2.2 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| JANET GOELZ HOFFMAN | ||||||||||
| DIRECTOR/VICE CHAIR | 0.1 | 2.2 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| JENNIFER MEANS | ||||||||||
| DIRECTOR/SECRETARY | 0.1 | 2.1 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| AL LOPUS | ||||||||||
| DIRECTOR | 0.1 | 2.1 | Yes (X) | $0 | $0 | $0 | ||||
| ALLAN ANDERSON | ||||||||||
| DIRECTOR | 0.1 | 2.1 | Yes (X) | $0 | $0 | $0 | ||||
| ANDREW VANOVER | ||||||||||
| DIRECTOR - PART YEAR | 0.1 | 2.1 | Yes (X) | $0 | $0 | $0 | ||||
| CRAIG SWANSON | ||||||||||
| DIRECTOR | 0.1 | 2.1 | Yes (X) | $0 | $0 | $0 | ||||
| CURT ANDERSON | ||||||||||
| DIRECTOR/EX-OFFICIO | 0.1 | 2.2 | Yes (X) | $0 | $0 | $0 | ||||
| JOHN FREDRICKSON | ||||||||||
| DIRECTOR | 0.1 | 2.1 | Yes (X) | $0 | $0 | $0 | ||||
| KATHY BUETTNER | ||||||||||
| DIRECTOR | 0.1 | 2.2 | Yes (X) | $0 | $0 | $0 | ||||
| KURT KINCANON | ||||||||||
| DIRECTOR | 0.1 | 2.1 | Yes (X) | $0 | $0 | $0 | ||||
| LORENE FLEWELLEN | ||||||||||
| DIRECTOR | 0.1 | 2.2 | Yes (X) | $0 | $0 | $0 | ||||
| MARY PALMER | ||||||||||
| DIRECTOR/EX-OFFICIO - PART YEAR | 0.1 | 2.3 | Yes (X) | $0 | $0 | $0 | ||||
| MATHEW MANLOVE | ||||||||||
| DIRECTOR | 0.1 | 2.1 | Yes (X) | $0 | $0 | $0 | ||||
| PAMELA CHRISTENSEN | ||||||||||
| DIRECTOR | 0.1 | 2.1 | Yes (X) | $0 | $0 | $0 | ||||
| RICK SHEPARD | ||||||||||
| DIRECTOR | 0.1 | 2.1 | Yes (X) | $0 | $0 | $0 | ||||
| ROBERT MARTIN | ||||||||||
| DIRECTOR | 0.1 | 2.1 | Yes (X) | $0 | $0 | $0 | ||||
| SARAH BENTLEY | ||||||||||
| DIRECTOR | 0.1 | 2.1 | Yes (X) | $0 | $0 | $0 | ||||
| TAMMY SWANSON-DRAHEIM | ||||||||||
| DIRECTOR/EX-OFFICIO/ECC PRES | 0.1 | 42.2 | Yes (X) | $0 | $145,412 | $106,291 | ||||
| TODD SLETCHA | ||||||||||
| DIRECTOR/EX-OFFICIO/CMB PRESIDENT | 0.1 | 42.3 | Yes (X) | $0 | $323,746 | $67,944 | ||||
| CORY KALLHEIM | ||||||||||
| GENERAL COUNSEL/ASSISTANT SECRETARY | 40.0 | 22.0 | Yes (X) | $327,540 | $0 | $81,213 | ||||
| EMILY WARNYGORA | ||||||||||
| CHIEF OF STAFF/ASST. SECRETARY | 40.0 | 22.0 | Yes (X) | $101,477 | $0 | $13,734 | ||||
| JEAN E JUSTIE | ||||||||||
| CHIEF FINANCIAL OFFICER/TREASURER/ASSISTANT SEC | 40.0 | 22.0 | Yes (X) | $585,593 | $0 | $108,168 | ||||
| ROBERTA NEVERS | ||||||||||
| INTERIM CHIEF HUMAN RESOURCES OFFICER | 40.0 | 21.0 | $288,527 | $0 | $63,598 | Yes (X) | ||||
| TANDERIA BROWN | ||||||||||
| CHIEF HUMAN RESOURCES OFFICER - PART YEAR | 40.0 | 21.0 | $394,651 | $0 | $61,258 | Yes (X) | ||||
| ELIZABETH MCLAREN | ||||||||||
| SR VP, REV CYCLE, REIMBURSEMENT AND HOME AND COMMUNITY BASED SERVICES | 22.5 | 22.5 | $446,552 | $0 | $85,313 | Yes (X) | ||||
| FRAN PALMA | ||||||||||
| CHIEF MARKETING & DIGITAL STRATEGY OFFICER | 22.5 | 22.5 | $529,490 | $0 | $102,138 | Yes (X) | ||||
| JAY HIBBARD | ||||||||||
| CHIEF GROWTH & COMMUNICATION OFFICER | 40.0 | 0 | $561,259 | $0 | $104,058 | Yes (X) | ||||
| MIA LEIBOW | ||||||||||
| VICE PRESIDENT, FINANCIAL PLANNING & ANALYSIS | 40.0 | 0 | $408,098 | $0 | $79,863 | Yes (X) | ||||
| RANDAL GROSS | ||||||||||
| SENIOR VICE PRESIDENT, PROJECT DEVELOPMENT | 40.0 | 0 | $419,960 | $0 | $40,892 | Yes (X) | ||||
| JAY PRINCE | ||||||||||
| FORMER SVP/COMMUNITY OPERATIONS/ASST. SECRETARY | 0.0 | 0.0 | $183,058 | $0 | $4,875 | Yes (X) | ||||
| TERRI S CUNLIFFE | ||||||||||
| FORMER DIRECTOR AND CLCS PRESIDENT/CEO - THRU 05/24 | 0.0 | 0.0 | $941,279 | $0 | $235,887 | Yes (X) | ||||
| WILLIAM RABE | ||||||||||
| FORMER OFFICER/CURENT CHIEF INFORMATION AND TECHNOLOGY OFFICER | 40.0 | 2.0 | $495,439 | $0 | $74,300 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $6,344,573 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $469,158 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,378,743 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 88 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| LEOPARDO COMPANIES INC | |||||
| 5200 PRAIRIE STONE PARKWAY | HOFFMAN ESTATES | IL | 60192 | CONSTRUCTION/RENOVATION | $8,958,020 |
| HEALTHPRO HERITAGE LLC | |||||
| PO BOX 69268 | BALTIMORE | MD | 21264 | THERAPY SERVICES | $8,189,713 |
| SODEXO INC & AFFILIATES | |||||
| PO BOX 360170 | PITTSBURGH | PA | 15251 | DINING SERVICES MANAGEMENT | $6,576,685 |
| CLIPBOARD HEALTH | |||||
| PO BOX 103125 | PASADENA | CA | 91189 | NURSING SERVICES | $2,947,899 |
| MICHEALSEN CONSTRUCTION CO INC | |||||
| 14 W VALERIO ST B | SANTA BARBARA | CA | 93101 | CONSTRUCTION/RENOVATION | $2,821,789 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 149 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $369,528 | AllOtherContributionsAmt |
| Total Contributions | $369,528 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MANAGEMENT FEES | Desc |
| Business | 561000 | BusinessCd |
| Total Revenue Column | $42,899,711 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $42,899,711 | RelatedOrExemptFuncIncomeAmt |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $42,899,711 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $28,540,515 | TotalRevenueColumnAmt |
| Exclusion | $28,540,515 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $55,200 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $50,226 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $4,974 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,974 | TotalRevenueColumnAmt |
| Exclusion | $4,974 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,713,639 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,713,639 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,713,639 | TotalRevenueColumnAmt |
| Exclusion | $3,713,639 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PURCHASING DISCOUNTS/REBATES | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $86,320 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $86,320 | RelatedOrExemptFuncIncomeAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $86,320 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $75,614,687 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $42,986,031 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $32,259,128 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,057 | TotalAmt |
| Program Services | $17,057 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,378,387 | TotalAmt |
| Management And General | $2,378,387 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,435,981 | TotalAmt |
| Program Services | $17,979,793 | ProgramServicesAmt |
| Management And General | $3,874,890 | ManagementAndGeneralAmt |
| Fundraising | $581,298 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $467,099 | TotalAmt |
| Program Services | $385,135 | ProgramServicesAmt |
| Management And General | $63,809 | ManagementAndGeneralAmt |
| Fundraising | $18,155 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,171,907 | TotalAmt |
| Program Services | $2,535,135 | ProgramServicesAmt |
| Management And General | $562,658 | ManagementAndGeneralAmt |
| Fundraising | $74,114 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,561,346 | TotalAmt |
| Program Services | $1,224,485 | ProgramServicesAmt |
| Management And General | $293,452 | ManagementAndGeneralAmt |
| Fundraising | $43,409 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,264,577 | TotalAmt |
| Management And General | $1,264,577 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,760,524 | TotalAmt |
| Management And General | $1,760,524 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,686 | TotalAmt |
| Management And General | $5,686 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $467,361 | TotalAmt |
| Program Services | $467,361 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,777,351 | TotalAmt |
| Program Services | $2,215,276 | ProgramServicesAmt |
| Management And General | $538,853 | ManagementAndGeneralAmt |
| Fundraising | $23,222 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,904 | TotalAmt |
| Management And General | $4,904 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $461,781 | TotalAmt |
| Program Services | $272,236 | ProgramServicesAmt |
| Management And General | $187,056 | ManagementAndGeneralAmt |
| Fundraising | $2,489 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,082,445 | TotalAmt |
| Program Services | $7,077,994 | ProgramServicesAmt |
| Management And General | $3,119 | ManagementAndGeneralAmt |
| Fundraising | $1,332 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $324,302 | TotalAmt |
| Program Services | $105,681 | ProgramServicesAmt |
| Management And General | $218,621 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,188,474 | TotalAmt |
| Program Services | $577,692 | ProgramServicesAmt |
| Management And General | $553,014 | ManagementAndGeneralAmt |
| Fundraising | $57,768 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $344,403 | TotalAmt |
| Program Services | $191,134 | ProgramServicesAmt |
| Management And General | $143,484 | ManagementAndGeneralAmt |
| Fundraising | $9,785 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,915,536 | TotalAmt |
| Program Services | $13,560,354 | ProgramServicesAmt |
| Management And General | $3,106,092 | ManagementAndGeneralAmt |
| Fundraising | $249,090 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,420,142 | TotalAmt |
| Program Services | $1,138,457 | ProgramServicesAmt |
| Management And General | $260,772 | ManagementAndGeneralAmt |
| Fundraising | $20,913 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $485,826 | TotalAmt |
| Program Services | $485,826 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| MAINTENANCE FOR RESIDENTS | $212,495 | $212,495 | ||
| PENSION PLAN TERMINATION | $14,117,165 | $14,117,165 | ||
| OTHER DEPARTMENT EXPENSES | -$78,793 | -$154,933 | $15,465 | $60,675 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $78,785,956 | TotalAmt |
| Program Services | $62,408,343 | ProgramServicesAmt |
| Management And General | $15,235,363 | ManagementAndGeneralAmt |
| Fundraising | $1,142,250 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,543,544 | BOYAmt |
| EOY | $44,382,966 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,322,142 | BOYAmt |
| EOY | $6,249,734 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,295 | BOYAmt |
| EOY | $11,930 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $447,943 | BOYAmt |
| EOY | $554,378 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,219,206 | BOYAmt |
| EOY | $7,518,566 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $38,142,145 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $15,834,341 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,561,113 | BOYAmt |
| EOY | $22,307,804 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $61,321,356 | BOYAmt |
| EOY | $72,508,326 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $58,329,690 | BOYAmt |
| EOY | $77,061,344 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $180,511,597 | BOYAmt |
| EOY | $76,218,919 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $364,266,886 | BOYAmt |
| EOY | $306,813,967 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,821,964 | BOYAmt |
| EOY | $25,476,747 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,132,345 | BOYAmt |
| EOY | $13,149,726 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $137,369,330 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $224,656,696 | BOYAmt |
| EOY | $16,644,222 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $260,611,005 | BOYAmt |
| EOY | $192,640,025 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $95,254,596 | BOYAmt |
| EOY | $105,029,668 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,401,285 | BOYAmt |
| EOY | $9,144,274 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $103,655,881 | BOYAmt |
| EOY | $114,173,942 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $364,266,886 | BOYAmt |
| EOY | $306,813,967 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$3,171,269 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $13,602,949 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $86,381 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type2 | Yes (X) | SupportingOrgType2Ind |
| Supported Organizations | 13 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp (14 entries)
| EINEIN | Organization TypeOrganizationTypeCd | Governing Document ListedGoverningDocumentListedInd | SupportSupportAmt | Other SupportOtherSupportAmt |
|---|---|---|---|---|
| COVENANT LIVING OF GOLDEN VALLEY | ||||
| 418041150 | 9 | Yes (true) | $0 | $0 |
| COVENANT LIVING OF FLORIDA INC | ||||
| 521115870 | 9 | Yes (true) | $0 | $0 |
| COVENANT HOME | ||||
| 362643638 | 9 | Yes (true) | $0 | $0 |
| COVENANT HEALTHCARE CENTERS INC | ||||
| 521115873 | 9 | Yes (true) | $0 | $0 |
| COVENANT LIVING AT THE HOLMSTAD | ||||
| 362835154 | 9 | Yes (true) | $0 | $0 |
| COVENANT HOME OF CHICAGO | ||||
| 363095932 | 9 | Yes (true) | $0 | $0 |
| COVENANT LIVING OF CROMWELL INC | ||||
| 131740015 | 9 | Yes (true) | $0 | $0 |
| COVENANT LIVING WEST | ||||
| 953472345 | 9 | Yes (true) | $0 | $0 |
| COVENANT LIVING OF COLORADO | ||||
| 841084331 | 9 | Yes (true) | $0 | $0 |
| COVENANT LIVING AT WINDSOR PARK | ||||
| 363385581 | 9 | Yes (true) | $0 | $0 |
| COVENANT LIVING OF THE GREAT LAKES | ||||
| 383244636 | 9 | Yes (true) | $0 | $0 |
| COVENANT RETIREMENT COMMUNITIES FOUNDAT | ||||
| 300763748 | 7 | Yes (true) | $0 | $0 |
| COVENANT LIVING OF KEENE | ||||
| 873525712 | 9 | Yes (true) | $0 | $0 |
| TULSA HILLS COMMUNITY INC | ||||
| 842854729 | 9 | Yes (true) | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 14 | SupportedOrganizationsTotalCnt |
| Support Sum | $0 | SupportSumAmt |
| Other Support Sum | $0 | OtherSupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | Yes (true) | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | false | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | false | SupportedOrgSectionC456Ind |
| Supported Org Not Organized US | false | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | false | OrganizationChangeSuprtOrgInd |
| Support Non Supported Org | Yes (true) | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | false | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | false | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | false | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | false | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | false | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | false | ExcessBusinessHoldingsRulesInd |
| Contribution Controller | false | ContributionControllerInd |
| Contribution Family | false | ContributionFamilyInd |
| Contribution35 Controlled | false | Contribution35ControlledInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Majority Dir Trst Supported Org | Yes (true) | MajorityDirTrstSupportedOrgInd |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART IV, SECTION A, LINE 6 SUPPORT TO OTHER SUPPORTED ORGS | FormAndLineReferenceDesc |
| Explanation | GRANTS WERE MADE TO EVANGELICAL COVENANT CHURCH, WHICH IS AN ORGANIZATION WHICH FURTHERS THE MISSION OF THIS ORGANIZATION. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | false | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (true) | InclEscrowCustodialAcctLiabInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $6,785,163 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $887,368 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $485,395 | GrantsOrScholarshipsAmt |
| End Year Balance | $7,187,136 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $6,091,878 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $786,847 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $93,562 | GrantsOrScholarshipsAmt |
| End Year Balance | $6,785,163 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $5,554,316 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $619,676 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $82,114 | GrantsOrScholarshipsAmt |
| End Year Balance | $6,091,878 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $6,466,640 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | -$750,474 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $161,850 | GrantsOrScholarshipsAmt |
| End Year Balance | $5,554,316 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $5,839,585 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $715,555 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $88,500 | GrantsOrScholarshipsAmt |
| End Year Balance | $6,466,640 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.0 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 1.0 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.0 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | Yes (true) | EndowmentsHeldRelatedOrgInd |
| Related Org List Sch R | Yes (true) | RelatedOrgListSchRInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,451,169 | OtherCostOrOtherBasisAmt |
| Book Value | $5,451,169 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,576,244 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,323,980 | DepreciationAmt |
| Book Value | $4,252,264 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $12,713,053 | OtherCostOrOtherBasisAmt |
| Depreciation | $10,876,221 | DepreciationAmt |
| Book Value | $1,836,832 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,401,679 | OtherCostOrOtherBasisAmt |
| Depreciation | $634,140 | DepreciationAmt |
| Book Value | $10,767,539 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $22,307,804 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (7 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| CLOSELY-HELD EQUITY INTERESTS | ||
| FINANCIAL DERIVATIVES | ||
| MORTGAGES | $393,186 | F |
| DOMESTIC EQUITY | $38,012,663 | F |
| INTERNATIONAL EQUITY | $18,711,848 | F |
| HEDGE FUNDS & DERIVATIVES | $17,828,912 | F |
| PRIVATE EQUITY | $2,114,735 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $77,061,344 | TotalBookValueSecuritiesAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| OTHER INVESTMENTS | $4,279,037 |
| INTERCOMPANY ADVANCE ACCOUNTS | $71,939,882 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $76,218,919 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| FEDERAL INCOME TAXES | |
| ACCRUED TAXES & EMPLOYEE BENEFITS | $286,470 |
| OTHER LIABILITIES | $16,357,752 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $16,644,222 | TotalLiabilityAmt |
| Other Revenue | $0 | OtherRevenueAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $0 | RevenueSubtotalAmt |
| Other Revenues Not Included | $0 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $0 | TotalRevenuePerForm990Amt |
| Other Expenses Included | $0 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $0 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $0 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $0 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE D, PART V, LINE 4 INTENDED USES OF ENDOWMENT FUNDS | FormAndLineReferenceDesc |
| Explanation | THE BRANDEL ENDOWMENT FUND IS USED FOR RESIDENT CARE AT CERTAIN COVENANT LIVING CAMPUSES. | ExplanationTxt |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | CENTRAL AMERICA AND THE CARIBBEAN | RegionTxt |
| Offices | 0 | OfficesCnt |
| Employee | 0 | EmployeeCnt |
| Type Of Activities Conducted | INVESTMENTS | TypeOfActivitiesConductedTxt |
| Specific Services Provided | N/A | SpecificServicesProvidedTxt |
| Region Total Expenditures | $24,183,087 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $24,183,087 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $24,183,087 | TotalSpentAmt |
| Transfer To Foreign Corp | false | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (true) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | false | PassiveForeignInvestmestCoInd |
| Foreign Partnership | false | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | false | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EVANGELICAL COVENANT CHURCH | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8303 W HIGGINS RD | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60631 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 362167730 | RecipientEIN |
| IRC Section | 501(C)(3) | IRCSectionDesc |
| Cash Grant | $17,057 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Valuation Method Used | N/A | ValuationMethodUsedDesc |
| Non Cash Assistance | N/A | NonCashAssistanceDesc |
| Purpose Of Grant | EVENT SPONSORSHIPS | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING USE OF GRANT FUNDS | FormAndLineReferenceDesc |
| Explanation | GRANTS AND DONATION REQUESTS AND PROPOSALS ARE BROUGHT TO COVENANT LIVING'S MANAGEMENT. THE MANAGEMENT THEN BRINGS REQUESTS AND PROPOSALS DEEMED APPROPRIATE TO THE COVENANT LIVING BOARD FOR APPROVAL, IF SIGNIFICANT. A CHECK GOES OUT AFTER THE APPROPRIATE LEVEL OF APPROVAL IS RECEIVED. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (true) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (true) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (15 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DAVID G ERICKSON | ||||||||||||||
| DIRECTOR/EX-OFFICIO/CHIEF EXECUTIVE OFFICER | $459,033 | $0 | $96,942 | $0 | $105,675 | $0 | $98,100 | $0 | $51,111 | $0 | $810,861 | $0 | $49,490 | $0 |
| TODD SLETCHA | ||||||||||||||
| DIRECTOR/EX-OFFICIO/CMB PRESIDENT | $0 | $277,415 | $0 | $0 | $0 | $46,331 | $0 | $35,568 | $0 | $32,376 | $0 | $391,690 | $0 | $13,018 |
| TAMMY SWANSON-DRAHEIM | ||||||||||||||
| DIRECTOR/EX-OFFICIO/ECC PRES | $0 | $114,912 | $0 | $0 | $0 | $30,500 | $0 | $28,291 | $0 | $78,000 | $0 | $251,703 | $0 | $0 |
| TERRI S CUNLIFFE | ||||||||||||||
| FORMER DIRECTOR AND CLCS PRESIDENT/CEO - THRU 05/24 | $260,945 | $0 | $343,678 | $0 | $336,656 | $0 | $220,397 | $0 | $15,490 | $0 | $1,177,166 | $0 | $115,275 | $0 |
| JAY PRINCE | ||||||||||||||
| FORMER SVP/COMMUNITY OPERATIONS/ASST. SECRETARY | $84,974 | $0 | $0 | $0 | $98,084 | $0 | $0 | $0 | $4,875 | $0 | $187,933 | $0 | $0 | $0 |
| WILLIAM RABE | ||||||||||||||
| FORMER OFFICER/CURENT CHIEF INFORMATION AND TECHNOLOGY OFFICER | $290,639 | $0 | $101,942 | $0 | $102,858 | $0 | $48,843 | $0 | $25,457 | $0 | $569,739 | $0 | $34,258 | $0 |
| JEAN E JUSTIE | ||||||||||||||
| CHIEF FINANCIAL OFFICER/TREASURER/ASSISTANT SEC | $342,178 | $0 | $150,383 | $0 | $93,032 | $0 | $54,841 | $0 | $53,327 | $0 | $693,761 | $0 | $13,839 | $0 |
| CORY KALLHEIM | ||||||||||||||
| GENERAL COUNSEL/ASSISTANT SECRETARY | $255,110 | $0 | $48,075 | $0 | $24,355 | $0 | $37,044 | $0 | $44,169 | $0 | $408,753 | $0 | $0 | $0 |
| TANDERIA BROWN | ||||||||||||||
| CHIEF HUMAN RESOURCES OFFICER - PART YEAR | $247,389 | $0 | $99,854 | $0 | $47,408 | $0 | $32,398 | $0 | $28,860 | $0 | $455,909 | $0 | $0 | $0 |
| ROBERTA NEVERS | ||||||||||||||
| INTERIM CHIEF HUMAN RESOURCES OFFICER | $184,300 | $0 | $41,415 | $0 | $62,812 | $0 | $31,153 | $0 | $32,445 | $0 | $352,125 | $0 | $0 | $0 |
| RANDAL GROSS | ||||||||||||||
| SENIOR VICE PRESIDENT, PROJECT DEVELOPMENT | $252,480 | $0 | $81,415 | $0 | $86,065 | $0 | $10,350 | $0 | $30,542 | $0 | $460,852 | $0 | $0 | $0 |
| JAY HIBBARD | ||||||||||||||
| CHIEF GROWTH & COMMUNICATION OFFICER | $380,910 | $0 | $92,035 | $0 | $88,314 | $0 | $56,635 | $0 | $47,423 | $0 | $665,317 | $0 | $51,378 | $0 |
| MIA LEIBOW | ||||||||||||||
| VICE PRESIDENT, FINANCIAL PLANNING & ANALYSIS | $288,719 | $0 | $81,900 | $0 | $37,479 | $0 | $32,979 | $0 | $46,884 | $0 | $487,961 | $0 | $23,383 | $0 |
| ELIZABETH MCLAREN | ||||||||||||||
| SR VP, REV CYCLE, REIMBURSEMENT AND HOME AND COMMUNITY BASED SERVICES | $284,934 | $0 | $92,700 | $0 | $68,918 | $0 | $49,695 | $0 | $35,618 | $0 | $531,865 | $0 | $31,257 | $0 |
| FRAN PALMA | ||||||||||||||
| CHIEF MARKETING & DIGITAL STRATEGY OFFICER | $288,157 | $0 | $110,020 | $0 | $131,313 | $0 | $52,408 | $0 | $49,730 | $0 | $631,628 | $0 | $46,993 | $0 |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE J, PART I, LINE 1A HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES | THE FOLLOWING BENEFITS WERE TREATED AS TAXABLE COMPENSATION AND WERE DETERMINED BY THE EXECUTIVE COMPENSATION COMMITTEE (OF COVENANT LIVING'S BOARD) TO BE REASONABLE: - HEALTH CLUB DUES PAID FOR SIX (6) SENIOR-LEVEL EMPLOYEES. |
| SCHEDULE J, PART I, LINE 3 ARRANGEMENT USED TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION | SEE SCHEDULE O EXPLANATION FOR FORM 990 PART VI SECTION B LINE 15 FOR THE METHODS USED TO DETERMINE CEO COMPENSATION. THE REVIEW AND APPROVAL PROCESS IS DESIGNED TO SATISFY AND QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER THE INTERNAL REVENUE CODE SECTION 4958. |
| SCHEDULE J, PART I, LINE 4A SEVERANCE OR CHANGE-OF-CONTROL PAYMENT | JAY PRINCE RECEIVED SEVERANCE IN THE AMOUNT OF $70,017. |
| SCHEDULE J, PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN | COVENANT MINISTRIES OF BENEVOLENCE (CMB), A RELATED ORGANIZATION, PROVIDES CERTAIN SUPPLEMENTAL RETIREMENT BENEFITS TO ITS OFFICERS AND KEY EMPLOYEES. THESE BENEFITS ARE PROVIDED THROUGH A NONQUALIFIED DEFERRED COMPENSATION PLAN, UNDER WHICH A PORTION OF THE BENEFITS BEING EARNED ARE SUBJECT TO A "SUBSTANTIAL RISK OF FORFEITURE." THE SUPPLEMENTAL RETIREMENT BENEFITS ARE STRUCTURED TO PROVIDE A RETENTION INCENTIVE THAT HAS BEEN DETERMINED BY THE EXECUTIVE COMPENSATION COMMITTEE OF CMB'S BOARD ("COMMITTEE") TO BE OF SUBSTANTIAL VALUE TO THE ORGANIZATION. THE COMMITTEE APPROVES ALL RETIREMENT BENEFITS, TOGETHER WITH ALL OTHER FORMS OF COMPENSATION AND BENEFITS FOR THESE AND OTHER EXECUTIVES, IN A MANNER INTENDED TO QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER THE INTERMEDIATE SANCTION'S RULES OF FEDERAL INCOME TAX LAW. THE FOLLOWING ARE PARTICIPANTS IN THE PLAN: DAVID ERICKSON RANDAL GROSS JAY HIBBARD JEAN JUSTIE MIA LEIBOW FRAN PALMA TODD SLECHTA WILLIAM RABE ELIZABETH MCLAREN TANDERIA BROWN CORY KALLHEIM JAY PRINCE TERRI CUNLIFFE ROBERTA NEVERS IN 2024, THESE INDIVIDUALS VESTED IN THE PLAN IN THE FOLLOWING AMOUNTS: DAVID ERICKSON - $49,490 RANDAL GROSS - $34,350 JAY HIBBARD - $51,378 JEAN JUSTIE - $13,839 MIA LEIBOW - $23,353 ELIZABETH MCLAREN - $31,257 FRAN PALMA - $46,993 WILLIAM RABE - $34,258 TODD SLECHTA - $13,018 TERRI CUNLIFFE - $70,201 IN 2024, THESE INDIVIDUALS RECEIVED DISTRIBUTIONS FROM THE PLAN IN THE FOLLOWING AMOUNTS: DAVID ERICKSON - $30,843 TERRI CUNLIFFE - $595,808 |
| SCHEDULE J, PART I, LINE 7 NON-FIXED PAYMENTS | THE FOLLOWING APPLIES TO CERTAIN INDIVIDUALS LISTED ON PART VII WHOSE COMPENSATION IS PAID FROM RELATED ORGANIZATIONS: THE EXECUTIVE COMPENSATION COMMITTEE (OF CMB'S BOARD) FOLLOWS A PRESCRIBED METHOD FOR CALCULATING INCENTIVE COMPENSATION AWARDS. THE CALCULATION IS BASED ON MEASURABLE TARGETS DETERMINED AT THE BEGINNING OF THE YEAR. THE COMMITTEE HAS THE ABILITY TO ADJUST THE DOLLAR VALUE OF THE CALCULATED AWARDS BY UP TO 10%. THE ADJUSTMENT CAN BE AN UPWARD OR DOWNWARD ADJUSTMENT BASED ON VARIOUS PERFORMANCE FACTORS OR ON FACTORS THAT WILL ASSURE THAT FINAL INCENTIVE COMPENSATION AWARDS ARE IN THE BEST INTEREST OF THE ORGANIZATION AND APPROPRIATELY REFLECT THE PERFORMANCE OF THE ORGANIZATION. REFER TO ADDITIONAL INFORMATION ON THE COMMITTEE INCLUDED IN SCHEDULE O. |
| SCHEDULE J, PART II, COLUMN (B)(II) | BONUS AND INCENTIVE COMPENSATION - CERTAIN KEY PERSONS EMPLOYED BY COVENANT LIVING AND CMB ARE ELIGIBLE FOR INCENTIVE COMPENSATION AS DETERMINED BY THE EXECUTIVE COMPENSATION COMMITTEE OF EITHER THE COVENANT LIVING OR CMB'S BOARD BASED ON WHERE THESE INDIVIDUALS ARE EMPLOYED. INCENTIVES RELATED TO THE ACHIEVEMENT OF TARGETS FOR THE TWELVE MONTHS ENDED 9/30/23 WERE PAID OUT IN 2024 FOR CLCS AND RELATED ENTITIES. INCENTIVES RELATED TO CMB'S ACHIEVEMENT OF TARGETS FOR THE TWELVE MONTHS ENDED 9/30/24 WERE PAID OUT IN 2024. |
| SCHEDULE J, PART II, COLUMN (D) | NONTAXABLE BENEFITS INCLUDE HEALTH INSURANCE PREMIUMS PAID BY THE EMPLOYER AND EMPLOYEE. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| ILLINOIS FINANCE AUTHORITY | ||||||||
| A | 861091967 | NONEAVAIL | 2017-02-01 | $52,070,000 | SEE PART VI | false | false | false |
| COLORADO HEALTH FACILITIES AUTHORITY | ||||||||
| B | 840752932 | 19648FGT5 | 2018-11-13 | $63,008,063 | SEE PART VI | false | false | false |
| STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY | ||||||||
| C | 060806186 | 2077F47FB | 2018-11-13 | $50,471,973 | SEE PART VI | false | false | false |
| COLORADO HEALTH FACILITIES AUTHORITY | ||||||||
| D | 840752932 | 19648FRW5 | 2020-10-29 | $87,047,885 | SEE PART VI | false | false | false |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Other Spent ProceedsOtherSpentProceedsAmt | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | In Reserve FundInReserveFundAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Substantial CompletionSubstantialCompletionYr | UnspentUnspentAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $32,075,000 | $52,070,000 | $52,070,000 | Yes (true) | false | Yes (true) | Yes (true) | |||||
| B | $63,458,352 | false | false | Yes (true) | Yes (true) | $4,017,777 | $1,065,717 | $58,374,858 | ||||
| C | $7,065,000 | $47,630,759 | false | false | Yes (true) | Yes (true) | $3,150,684 | $660,745 | $43,819,330 | 2022 | ||
| D | $89,896,876 | $24,384,241 | Yes (true) | false | false | Yes (true) | $980,441 | $45,265,436 | $19,266,758 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd | Any Research AgreementsAnyResearchAgreementsInd | Engage Bond Counsel ResearchEngageBondCounselResearchInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropPct | Remedial Action TakenRemedialActionTakenInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | false | false | Yes (true) | Yes (true) | false | false | 0.0 | 0.0 | 0.0 | false | false | 0 | false | Yes (true) |
| B | false | false | Yes (true) | Yes (true) | false | false | 0.0 | 0.0 | 0.0 | false | false | 0 | false | Yes (true) |
| C | false | false | Yes (true) | Yes (true) | false | false | 0.0 | 0.0 | 0.0 | false | false | 0 | false | Yes (true) |
| D | false | false | Yes (true) | Yes (true) | false | false | 0.0 | 0.0 | 0.0 | false | false | 0 | false | Yes (true) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Term Of HedgeTermOfHedgePct | Superintegrated HedgeSuperintegratedHedgeInd | Hedge TerminatedHedgeTerminatedInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Term Of GICTermOfGICPct | Regulatory Safe Harbor StsfdRegulatorySafeHarborStsfdInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | false | false | false | Yes (true) | Yes (true) | false | 0 | false | false | false | 0 | false | false | Yes (true) |
| B | false | false | false | Yes (true) | false | false | 0 | false | false | false | 0 | false | Yes (true) | Yes (true) |
| C | false | false | false | Yes (true) | false | false | 0 | false | false | false | 0 | false | Yes (true) | Yes (true) |
| D | false | Yes (true) | false | Yes (true) | false | false | 0 | false | false | false | 0 | false | false | Yes (true) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (true) |
| B | Yes (true) |
| C | Yes (true) |
| D | Yes (true) |
Supplemental Information Detail SupplementalInformationDetail (13 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE K, PART I, COLUMN (F) ROW A | BORROWINGS WERE USED TO RETIRE $52,070,000 OF PREVIOUSLY ISSUED DEBT RECORDED ON THE BALANCE SHEETS OF WHOLLY OWNED SUBSIDIARIES OF COVENANT LIVING. |
| SCHEDULE K, PART I, COLUMN (F) ROW B | BORROWINGS WERE USED TO FUND PROJECT RESERVES AND OTHER RESERVES ON THE BALANCE SHEETS OF WHOLLY OWNED SUBSIDIARIES OF COVENANT LIVING AND PAY DEBT ISSUANCE COSTS OF $1,065,717. |
| SCHEDULE K, PART I, COLUMN (F) ROW C | BORROWINGS WERE USED TO FUND PROJECT RESERVES AND OTHER RESERVES ON THE BALANCE SHEETS OF WHOLLY OWNED SUBSIDIARIES OF COVENANT LIVING AND PAY DEBT ISSUANCE COSTS OF $660,745. |
| SCHEDULE K, PART I, COLUMN (F) ROW D | BORROWINGS WERE USED TO REFUND THE COLORADO HEALTH FACILITIES AUTHORITY SERIES 2012A BONDS; TO PAY THE CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 2013C BONDS; TO BUY BACK $6,500,000 OF THE 2015A BONDS; TO FUND CAPITAL PROJECT AND INTEREST RESERVE ACCOUNTS; AND TO PAY THE COSTS OF ISSUANCE OF $980,441. |
| SCHEDULE K, PART I, COLUMN (F) ROW A2 | BORROWINGS WERE USED TO REFUND THE COLORADO HEALTH FACILITIES AUTHORITY SERIES 2015A BONDS; TO REFUND THE THREE CROWNS PARK ILLINOIS FINANCE AUTHORITY SERIES 2013 AND SERIES 2017 BONDS; TO FUND CAPITAL PROJECT AND INTEREST RESERVE COSTS; AND TO PAY THE COST OF ISSUANCE OF $2,089,245. |
| SCHEDULE K, PART II, LINE 3 ROW B | THE AMOUNT IN LINE 3 DOES NOT EQUAL THE AMOUNT IN PART I, ROW B, COL E BECAUSE OF INVESTMENT EARNINGS/LOSSES ON RESERVES. |
| SCHEDULE K, PART II, LINE 3 ROW C | THE AMOUNT IN LINE 3 DOES NOT EQUAL THE AMOUNT IN PART I, ROW C, COL E BECAUSE OF INVESTMENT EARNINGS/LOSSES ON RESERVES. |
| SCHEDULE K, PART II, LINE 3 ROW D | THE AMOUNT IN LINE 3 DOES NOT EQUAL THE AMOUNT IN PART I, ROW D, COL E BECAUSE OF INVESTMENT EARNINGS/LOSSES ON RESERVES AND ORIGINAL ISSUE PREMIUM. |
| SCHEDULE K, PART II, LINE 3 ROW A2 | THE AMOUNT IN LINE 3 DOES NOT EQUAL THE AMOUNT IN PART I, ROW A2, COL E BECAUSE OF INVESTMENT EARNINGS/LOSSES ON RESERVES. |
| SCHEDULE K, PART IV, LINE 2C COLUMN A | ISSUER NAME: ILLINOIS FINANCE AUTHORITY THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON 06/30/2025 |
| SCHEDULE K, PART IV, LINE 2C COLUMN B | ISSUER NAME: COLORADO HEALTH FACILITIES AUTHORITY THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON 11/13/2024 |
| SCHEDULE K, PART IV, LINE 2C COLUMN C | ISSUER NAME: STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON 11/13/2024 |
| SCHEDULE K, PART IV, LINE 2C COLUMN D | ISSUER NAME: COLORADO HEALTH FACILITIES AUTHORITY THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON 10/29/2024 |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COLORADO HEALTH FACILITY AUTHORITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 840752932 | BondIssuerEIN |
| CUSIP | 19648FZK3 | CUSIPNum |
| Bond Issued | 2025-04-10 | BondIssuedDt |
| Issue Price | $152,622,162 | IssuePriceAmt |
| Purpose | SEE PART VI | PurposeDesc |
| Defeased | false | DefeasedInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Pool Financing | false | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | $153,816,007 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $2,089,245 | IssuanceCostsFromProceedsAmt |
| Capital Expenditures | $4,883,081 | CapitalExpendituresAmt |
| Other Spent Proceeds | $68,290,900 | OtherSpentProceedsAmt |
| Unspent | $78,552,781 | UnspentAmt |
| Refunding Tax Exempt Bonds | Yes (true) | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | false | RefundingTaxableBondsInd |
| Final Allocation Made | false | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (true) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | false | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | false | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | Yes (true) | MgmtContractBondFincdPropInd |
| Engage Bond Counsel Contracts | Yes (true) | EngageBondCounselContractsInd |
| Any Research Agreements | false | AnyResearchAgreementsInd |
| Engage Bond Counsel Research | false | EngageBondCounselResearchInd |
| Private Bus Use By Others | 0.0 | PrivateBusUseByOthersPct |
| Private Bus Concerning UBI | 0.0 | PrivateBusConcerningUBIPct |
| Total Private Business Use | 0.0 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | false | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | false | ChangeInUseBondFinancedPropInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropPct |
| Remedial Action Taken | false | RemedialActionTakenInd |
| Procs Nonqualified Bond Remdtd | Yes (true) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | false | Form8038TFiledInd |
| Rebate Not Due Yet | Yes (true) | RebateNotDueYetInd |
| Exception To Rebate | false | ExceptionToRebateInd |
| No Rebate Due | false | NoRebateDueInd |
| Variable Rate Issue | false | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | false | HedgeIdentifiedInBksAndRecInd |
| Term Of Hedge | 0 | TermOfHedgePct |
| Superintegrated Hedge | false | SuperintegratedHedgeInd |
| Hedge Terminated | false | HedgeTerminatedInd |
| Gross Proceeds Invested In GIC | false | GrossProceedsInvestedInGICInd |
| Term Of GIC | 0 | TermOfGICPct |
| Regulatory Safe Harbor Stsfd | false | RegulatorySafeHarborStsfdInd |
| Gross Proceeds Invested | false | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (true) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (true) | ProceduresCorrectiveActionInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (12 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART IV, LINE 24A | TAX-EXEMPT BONDS SEVERAL RELATED ORGANIZATIONS HAVE TAX-EXEMPT BONDS ISSUED AFTER DECEMBER 31, 2002 WITH AN OUTSTANDING PRINCIPAL OF MORE THAN $100,000. THE BONDS OF THESE RELATED ORGANIZATIONS ARE REPORTED ON THIS ORGANIZATION'S SCHEDULE K AS THE PARENT ORGANIZATION. |
| FORM 990, PART VI, LINE 6 CLASSES OF MEMBERS OR STOCKHOLDERS | THE MEMBERS ARE THE INDIVIDUAL MEMBERS OF THE BOARD OF BENEVOLENCE. |
| FORM 990, PART VI, LINE 7A MEMBERS OR STOCKHOLDERS ELECTING MEMBERS OF GOVERNING BODY | THE BOARD OF BENEVOLENCE APPROVES THE COVENANT LIVING COMMUNITIES AND SERVICES' (CLCS) BOARD OF DIRECTORS. CLCS ELECTS THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, LINE 7B DECISIONS REQUIRING APPROVAL BY MEMBERS OR STOCKHOLDERS | S 2.4 OF BYLAWS INCLUDE RESERVED POWERS TO THE MEMBERS SUCH AS APPOINTMENT OF PRESIDENT OF COVENANT LIVING COMMUNITIES AND SERVICES, CHANGES TO MISSION AND STRATEGIC PLAN, APPROVAL OF CERTAIN ACQUISITIONS, DISPOSITIONS AND FINANCINGS, CHANGES TO ARTICLES AND BYLAWS. |
| FORM 990, PART VI, LINE 11B REVIEW OF FORM 990 BY GOVERNING BODY | MANAGEMENT REVIEW: THE DRAFT FORM 990 WAS REVIEWED BY MULTIPLE LEVELS OF MANAGEMENT INCLUDING THE CHIEF FINANCIAL OFFICER. THE GENERAL COUNSEL ALSO REVIEWED SELECT RETURNS. BOARD REVIEW: PRIOR TO FILING, THE FORM 990 PROCESS WAS REVIEWED WITH THE BOARD OF DIRECTORS AT THE BOARD MEETING AND THE FINAL FORM 990 WAS PROVIDED TO EACH BOARD MEMBER. |
| FORM 990, PART VI, LINE 12C CONFLICT OF INTEREST POLICY | COVENANT LIVING COMMUNITIES AND SERVICES HAS AN ADMINISTRATIVE POLICY ON CONFLICT OF INTEREST, IDENTIFYING THE PARAMETERS OF A CONFLICT OF INTEREST AND THE REQUIREMENT TO DISCLOSE ANY SUCH CONFLICT OF INTEREST. THE COVENANT LIVING POLICY IS DISTRIBUTED ANNUALLY TO COVENANT LIVING BOARD MEMBERS AND OFFICERS. THEY ARE ASKED TO SIGN ACKNOWLEDGING RECEIPT OF THE POLICY AND TO DISCLOSE IF THEY HAVE ANY CONFLICT OF INTERESTS. IF SOMEONE IS ABSENT FROM THE MEETING OR FAILS TO RETURN THE ACKNOWLEDGMENT, THERE IS A FOLLOW-UP WITH THE INDIVIDUAL UNTIL THE SIGNED ACKNOWLEDGMENT IS PROVIDED. IN ADDITION TO THE ABOVE, A SEPARATE AND MORE COMPREHENSIVE QUESTIONNAIRE IS SENT TO THE BOARD MEMBERS, OFFICERS, KEY EMPLOYEES AND OTHER INTERESTED PERSONS. THE COMPLETED QUESTIONNAIRES ARE REVIEWED BY COVENANT LIVING'S LEGAL COUNSEL TO DETERMINE IF ANY ACTUAL OR POTENTIAL CONFLICTS EXIST. IF A PERSON BECOMES AN INTERESTED PERSON, HE OR SHE MAY BE CONSIDERED IN DETERMINING WHETHER A QUORUM IS PRESENT. THE INTERESTED PERSON MAY MAKE A SHORT STATEMENT RELATING TO THE TRANSACTION OR ARRANGEMENT IN QUESTION, BUT SHALL NOT BE PRESENT DURING THE DISCUSSION AND SHALL NOT VOTE ON THE MOTION ADDRESSING THE ACTUAL OR POTENTIAL CONFLICT. |
| FORM 990, PART VI, LINE 15A PROCESS TO ESTABLISH COMPENSATION OF TOP MANAGEMENT OFFICIAL | COVENANT LIVING COMMUNITIES AND SERVICES' BOARD OF DIRECTORS HAS DULY APPOINTED AN EXECUTIVE COMPENSATION COMMITTEE (THE "COMMITTEE"), WHICH IS RESPONSIBLE FOR THE REVIEW AND APPROVAL OF ALL COMPENSATION AND BENEFITS PROVIDED TO COVENANT LIVING'S EXECUTIVE MANAGEMENT. THE COMMITTEE HAS ADOPTED A WRITTEN EXECUTIVE COMPENSATION PHILOSOPHY STATEMENT AND AN EXECUTIVE COMPENSATION COMMITTEE CHARTER GOVERNING THE WORK AND REVIEW PROCESS OF THE COMMITTEE. THE COMMITTEE FOLLOWS THE PROCEDURES DESCRIBED IN THE PHILOSOPHY STATEMENT AND THE CHARTER WHEN IT REVIEWS AND APPROVES THE COMPENSATION AND EMPLOYEE BENEFITS PROVIDED TO THE COVENANT LIVING'S SENIOR MANAGEMENT. THE COMMITTEE'S REVIEW ANALYZES EVERY ELEMENT OF COMPENSATION, INCLUDING CURRENT AND DEFERRED COMPENSATION, AND BENEFITS, INCLUDING QUALIFIED AND NON-QUALIFIED BENEFITS. THE COMMITTEE CONDUCTS ITS REVIEW AND APPROVAL PROCESS AT LEAST ANNUALLY, AND APPROVES COMPENSATION AND BENEFITS ONLY TO THE EXTENT THAT THE COMMITTEE HAS CONCLUDED THAT THE COMPENSATION AND BENEFITS CONSTITUTE NO MORE THAN REASONABLE COMPENSATION FOR EACH EXECUTIVE. THE COMMITTEE CONSISTS ENTIRELY OF DISINTERESTED MEMBERS OF THE BOARD, AND THE COMMITTEE WORKS WITH AN INDEPENDENT COMPENSATION CONSULTANT TO PREPARE AND REVIEW IN ADVANCE COMPREHENSIVE DATA SHOWING THE COMPENSATION PROVIDED BY SIMILARLY SITUATED ORGANIZATIONS FOR FUNCTIONALLY SIMILAR POSITIONS. THE COMMITTEE ALSO PREPARES A TIMELY AND THOROUGH WRITTEN RECORD OF ITS DELIBERATIONS AND CONCLUSIONS. AS A RESULT, THE COMMITTEE'S REVIEW PROCESS IS DESIGNED TO SATISFY THE PROCEDURAL CRITERIA NECESSARY TO QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER THE FEDERAL INCOME TAX LAW INTERMEDIATE SANCTIONS RULES. THE RESOURCES UTILIZED BY THE COMPENSATION COMMITTEE INCLUDE: 1) INDEPENDENT COMPENSATION CONSULTANT; 2) COMPENSATION SURVEY OR STUDY; 3) APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE |
| FORM 990, PART VI, LINE 19 REQUIRED DOCUMENTS AVAILABLE TO THE PUBLIC | THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST BY CONTACTING THE COVENANT LIVING COMMUNITIES AND SERVICES FINANCE DEPARTMENT AT 773-878-2294. THE FINANCIAL STATEMENTS CAN BE ACCESSED THROUGH THE COVENANT LIVING WEBSITE. |
| FORM 990, PART VII, SECTION B, LINE 1 INDEPENDENT CONTRACTORS | IN PRIOR YEARS, INDEPENDENT CONTRACTORS WERE REPORTED ON EACH COVENANT LIVING ENTITY'S FORM 990. STARTING WITH THIS YEAR'S FILING, ALL INDEPENDENT CONTRACTORS ARE NOW REPORTED ON THE FORM 990 OF COVENANT LIVING COMMUNITIES AND SERVICES (CLCS) AS THE ENTITY RESPONSIBLE FOR PAYMENTS AND ISSUANCE OF FORMS 1099, ALIGNING WITH TAX REPORTING REQUIREMENTS. |
| FORM 990, PART X, LINE 23 | PART X, LINES 20, 23, AND 25 -IN THE PRIOR YEAR, LINE 20 INCLUDED BOTH TAX-EXEMPT AND TAXABLE BOND LIABILITIES, WHILE LINE 25 INCLUDED TAXABLE BOND LIABILITIES. IN THE CURRENT YEAR, TAXABLE BOND LIABILITIES ARE REPORTED SEPARATELY ON LINE 23. THIS CHANGE REPRESENTS A RECLASSIFICATION OF EXISTING LIABILITIES FOR REPORTING PURPOSES AND DOES NOT REFLECT THE ISSUANCE OF ANY NEW DEBT. |
| FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES | TRANSFER FROM THREE CROWNS PARK - 74787; CHANGE IN PRESENT VALUE OF IRREVOCABLE TRUSTS - -586; OTHER CHANGES IN NET ASSETS - 12180; TOTAL - 86381; |
| FORM 990, PART III, LINE 1: | AS A MINISTRY OF THE EVANGELICAL COVENANT CHURCH, COVENANT LIVING COMMUNITIES AND SERVICES CELEBRATES GOD'S GIFT OF LIFE IN CHRISTIAN COMMUNITY. WE FOLLOW THE GREAT COMMANDMENT TO LOVE AND SERVE GOD AND ONE ANOTHER AS TAUGHT BY JESUS CHRIST. THAT COMPELS US TO AFFIRM THE DIGNITY OF EACH PERSON AND TO PURSUE EXCELLENCE AND FINANCIAL INTEGRITY IN ALL THAT WE DO. AS WE PROVIDE A BROAD RANGE OF RESOURCES, SERVICES AND PROGRAMS TO ENHANCE INDIVIDUAL AND COMMUNITY WELLNESS, WE COLLABORATE WITH RESIDENTS AND FAMILIES TO ACHIEVE THE BEST POSSIBLE RESULTS. WHILE SEEKING TO FOSTER INDEPENDENCE, WE RESPOND TO EACH INDIVIDUAL'S EVOLVING NEEDS IN ORDER TO PROVIDE THE SECURITY THAT ASSURES PEACE OF MIND. COVENANT LIVING IS ORGANIZED AND OPERATED FOR THE BENEFIT OF, AND TO PLAN AND SUPPORT THE CHARITABLE PURPOSES OF, MULTIPLE CONTINUING CARE RETIREMENT COMMUNITIES, ALL NONPROFIT ORGANIZATIONS, CONSISTING OF RESIDENTIAL LIVING, ASSISTED LIVING, ASSISTED LIVING MEMORY CARE, AND SKILLED NURSING, AS WELL AS OTHER SENIOR CARE ORGANIZATIONS AND SERVICES. IN ADDITION TO THE PROGRAM SERVICE ACCOMPLISHMENTS OF EACH ORGANIZATION, COVENANT LIVING COMMUNITIES AND SERVICES PROVIDED $5,219,412 OF FREE OR DISCOUNTED SERVICES TO THOSE RESIDENTS UNABLE TO PAY ALL OR A PORTION OF THEIR CHARGES, AND WHO MEET CERTAIN ELIGIBILITY REQUIREMENTS. COVENANT LIVING COMMUNITIES AND SERVICES ALSO PROVIDES SERVICES TO MEDICAID RECIPIENTS AT A COST GREATER THAN THE REIMBURSEMENT PROVIDED. IN THE YEAR ENDED SEPTEMBER 30, 2025, THE AMOUNT OF COST IN EXCESS OF MEDICAID REIMBURSEMENT WAS $18,275,841. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (30 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| EVANGELICAL COVENANT CHURCH | ||||||||||
| 8303 WEST HIGGINS ROAD | CHICAGO | IL | 60631 | 362167730 | CHURCH | IL | 501(C)(3) | 1 | NA | false |
| COVENANT LIVING OF GOLDEN VALLEY | ||||||||||
| 5800 ST CROIX AVE | MINNEAPOLIS | MN | 55422 | 410841150 | CONTINUING CARE RETIREMENT COMMUNITY | MN | 501(C)(3) | 10 | COVENANT LIVING COMMUNITIES AND SERVICES | Yes (true) |
| COVENANT HEALTH CARE CENTER INC | ||||||||||
| 2155 PFINGSTEN ROAD | NORTHBROOK | IL | 60062 | 521115873 | CONTINUING CARE RETIREMENT COMMUNITY | IL | 501(C)(3) | 10 | COVENANT LIVING COMMUNITIES AND SERVICES | Yes (true) |
| COVENANT HOME | ||||||||||
| 2625 TECHNY ROAD | NORTHBROOK | IL | 60062 | 362643638 | CONTINUING CARE RETIREMENT COMMUNITY | IL | 501(C)(3) | 10 | COVENANT LIVING COMMUNITIES AND SERVICES | Yes (true) |
| COVENANT LIVING OF CROMWELL INC | ||||||||||
| 52 MISSIONARY ROAD | CROMWELL | CT | 06416 | 131740015 | CONTINUING CARE RETIREMENT COMMUNITY | CT | 501(C)(3) | 10 | COVENANT LIVING COMMUNITIES AND SERVICES | Yes (true) |
| COVENANT HOME OF CHICAGO | ||||||||||
| 2720 W FOSTER AVE | CHICAGO | IL | 60625 | 363095932 | ASSISTED LIVING FACILITY | IL | 501(C)(3) | 10 | COVENANT LIVING COMMUNITIES AND SERVICES | Yes (true) |
| COVENANT HOME SERVICES | ||||||||||
| 5700 OLD ORCHARD RD | SKOKIE | IL | 60077 | 260744025 | HOME HEALTH SERVICES | IL | 501(C)(3) | 10 | COVENANT LIVING SERVICES | Yes (true) |
| COVENANT HOUSING CORPORATION | ||||||||||
| 5700 OLD ORCHARD RD | SKOKIE | IL | 60077 | 364484624 | MANAGEMENT/SUPPORT SERVICES | IL | 501(C)(3) | TYPE II | COVENANT LIVING COMMUNITIES AND SERVICES | Yes (true) |
| COVENANT MINISTRIES OF BENEVOLENCE | ||||||||||
| 5145 N CALIFORNIA AVE | CHICAGO | IL | 60625 | 363486813 | CHURCH AFFILIATE | IL | 501(C)(3) | TYPE I | EVANGELICAL COVENANT CHURCH | false |
| COVENANT LIVING OF BIXBY INC | ||||||||||
| 5700 OLD ORCHARD RD | SKOKIE | IL | 60077 | 320419173 | CONTINUING CARE RETIREMENT COMMUNITY | IL | 501(C)(3) | 10 | COVENANT LIVING SERVICES | Yes (true) |
| COVENANT LIVING OF THE GREAT LAKES | ||||||||||
| 2520 LAKE MICHIGAN DRIVE NW | GRAND RAPIDS | MI | 49504 | 383244636 | CONTINUING CARE RETIREMENT COMMUNITY | MI | 501(C)(3) | 10 | COVENANT LIVING COMMUNITIES AND SERVICES | Yes (true) |
| COVENANT LIVING WEST | ||||||||||
| 2550 TREASURE DRIVE | SANTA BARBARA | CA | 93105 | 953472345 | CONTINUING CARE RETIREMENT COMMUNITY | CA | 501(C)(3) | 10 | COVENANT LIVING COMMUNITIES AND SERVICES | Yes (true) |
| COVENANT LIVING SERVICES | ||||||||||
| 5700 OLD ORCHARD RD | SKOKIE | IL | 60077 | 272480652 | MANAGEMENT/SUPPORT SERVICES | IL | 501(C)(3) | TYPE II | COVENANT LIVING COMMUNITIES AND SERVICES | Yes (true) |
| COVENANT LIVING OF COLORADO | ||||||||||
| 9153 YARROW STREET | WESTMINSTER | CO | 80021 | 841084331 | CONTINUING CARE RETIREMENT COMMUNITY | CO | 501(C)(3) | 10 | COVENANT LIVING COMMUNITIES AND SERVICES | Yes (true) |
| COVENANT LIVING OF FLORIDA INC | ||||||||||
| 9215 W BROWARD BLVD | PLANTATION | FL | 33324 | 521115870 | CONTINUING CARE RETIREMENT COMMUNITY | FL | 501(C)(3) | 10 | COVENANT LIVING COMMUNITIES AND SERVICES | Yes (true) |
| COVENANT LIVING AT THE HOLMSTAD | ||||||||||
| 700 W FABYAN PARKWAY | BATAVIA | IL | 60510 | 362835154 | CONTINUING CARE RETIREMENT COMMUNITY | IL | 501(C)(3) | 10 | COVENANT LIVING COMMUNITIES AND SERVICES | Yes (true) |
| COVENANT LIVING AT WINDSOR PARK | ||||||||||
| 124 WINDSOR PARK DRIVE | CAROL STREAM | IL | 60188 | 363385581 | CONTINUING CARE RETIREMENT COMMUNITY | IL | 501(C)(3) | 10 | COVENANT LIVING COMMUNITIES AND SERVICES | Yes (true) |
| TULSA HILLS COMMUNITY INC | ||||||||||
| 5700 OLD ORCHARD RD | SKOKIE | IL | 60077 | 842854729 | CONTINUING CARE RETIREMENT COMMUNITY | IL | 501(C)(3) | 10 | COVENANT LIVING COMMUNITIES AND SERVICES | Yes (true) |
| EMC HEALTH INC | ||||||||||
| 2881 GEER ROAD SUITE A | TURLOCK | CA | 95382 | 942281314 | MANAGEMENT/SUPPORT SERVICES | CA | 501(C)(3) | TYPE II | COVENANT MINISTRIES OF BENEVOLENCE | false |
| COVENANT INITIATIVES FOR CARE INC | ||||||||||
| 4055 W PETERSON AVE SUITE 106 | CHICAGO | IL | 60646 | 271841721 | MANAGEMENT/SUPPORT SERVICES | IL | 501(C)(3) | TYPE II | COVENANT MINISTRIES OF BENEVOLENCE | false |
| COVENANT CARE CENTER | ||||||||||
| 9201 WEST BROWARD BLVD | PLANTATION | FL | 33324 | 591948940 | CONTINUING CARE RETIREMENT COMMUNITY | FL | 501(C)(3) | 10 | COVENANT LIVING COMMUNITIES AND SERVICES | Yes (true) |
| COVENANT PALMS OF MIAMI | ||||||||||
| 9201 WEST BROWARD BLVD | PLANTATION | FL | 33324 | 590653300 | CONTINUING CARE RETIREMENT COMMUNITY | FL | 501(C)(3) | 10 | COVENANT LIVING COMMUNITIES AND SERVICES | Yes (true) |
| COVENANT RETIREMENT COMMUNITIES OF MINNESOTA INC | ||||||||||
| 5825 SAINT CROIX AVENUE | MINNEAPOLIS | MN | 55422 | 411506900 | CONTINUING CARE RETIREMENT COMMUNITY | MN | 501(C)(3) | 10 | COVENANT LIVING COMMUNITIES AND SERVICES | Yes (true) |
| CRC FOUNDATION | ||||||||||
| 5700 OLD ORCHARD RD STE 100 | SKOKIE | IL | 60077 | 300763748 | FUNDRAISING | IL | 501(C)(3) | 7 | COVENANT LIVING COMMUNITIES AND SERVICES | Yes (true) |
| THREE CROWNS FOUNDATION | ||||||||||
| 2323 MCDANIEL AVENUE | EVANSTON | IL | 60201 | 201060468 | FOUNDATION | IL | 501(C)(3) | TYPE II | COVENANT LIVING SERVICES | Yes (true) |
| THREE CROWNS PARK | ||||||||||
| 2323 MCDANIEL AVENUE | EVANSTON | IL | 60201 | 362030089 | CONTINUING CARE RETIREMENT COMMUNITY | IL | 501(C)(3) | 10 | THREE CROWNS FOUNDATION | Yes (true) |
| COVENANT LIVING OF KEENE | ||||||||||
| 5700 OLD ORCHARD RD | SKOKIE | IL | 60077 | 873525712 | CONTINUING CARE RETIREMENT COMMUNITY | IL | 501(C)(3) | 10 | COVENANT LIVING COMMUNITIES AND SERVICES | Yes (true) |
| COVENANT LIVING AT SHANNONDALE | ||||||||||
| 801 VANOSDALE RD | KNOXVILLE | TN | 37909 | 620698709 | CONTINUING CARE RETIREMENT COMMUNITY | TN | 501(C)(3) | 10 | COVENANT LIVING SERVICES | Yes (true) |
| MISSION CARE COMMUNITIES INC | ||||||||||
| PO BOX 1307 | BURLINGTON | VT | 05402 | 333595861 | CAPTIVE INSURANCE | VT | 501(C)(3) | TYPE II | COVENANT LIVING COMMUNITIES AND SERVICES | Yes (true) |
| COVENANT LIVING OF GENEVA | ||||||||||
| 5700 OLD ORCHARD RD | SKOKIE | IL | 60077 | 843227613 | RENTAL SENIOR HOUSING | IL | 501(C)(3) | 10 | COVENANT LIVING SERVICES | Yes (true) |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (3 entries)
| Primary ActivitiesPrimaryActivitiesTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Share Of EOY AssetsShareOfEOYAssetsAmt | Controlled OrganizationControlledOrganizationInd | Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Legal Domicile StateLegalDomicileStateCd |
|---|---|---|---|---|---|---|---|---|---|---|
| COVENANT INTERNATIONAL INSURANCE COMPANY | ||||||||||
| INSURANCE | COVENANT LIVING COMMUNITIES | C CORPORATION | $0 | false | ||||||
| COVENANT TRUST COMPANY | ||||||||||
| FINANCIAL SERVICES | NA | C CORPORATION | false | 141 W JACKSON BLVD SUITE 1850A | CHICAGO | IL | 60604 | 363583163 | IL | |
| COVENANT LIVING HOLDINGS THREE INC | ||||||||||
| CONSULTING SERVICES | NA | C CORPORATION | false | 5700 OLD ORCHARD RD | SKOKIE | IL | 60077 | 932491440 | IL | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (true) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (true) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (true) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (true) | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (true) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (39 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| COVENANT LIVING WEST | ||
| Q | $21,369,672 | ALLOCATION OF ACTUAL COST |
| COVENANT HOME SERVICES | ||
| Q | $19,569,254 | ALLOCATION OF ACTUAL COST |
| COVENANT HOME SERVICES | ||
| P | $18,789,243 | ALLOCATION OF ACTUAL COST |
| COVENANT HOME | ||
| Q | $7,278,809 | ALLOCATION OF ACTUAL COST |
| COVENANT LIVING WEST | ||
| P | $7,366,755 | ALLOCATION OF ACTUAL COST |
| COVENANT LIVING AT THE HOLMSTAD | ||
| Q | $8,458,646 | ALLOCATION OF ACTUAL COST |
| COVENANT LIVING AT WINDSOR PARK | ||
| Q | $7,092,549 | ALLOCATION OF ACTUAL COST |
| COVENANT LIVING OF FLORIDA | ||
| P | $6,123,062 | ALLOCATION OF ACTUAL COST |
| THREE CROWNS PARK | ||
| P | $6,033,188 | ALLOCATION OF ACTUAL COST |
| COVENANT TRUST COMPANY | ||
| Q | $5,438,263 | ALLOCATION OF ACTUAL COST |
| TULSA HILLS COMMUNITY | ||
| Q | $4,348,686 | ALLOCATION OF ACTUAL COST |
| COVENANT LIVING SHANNONDALE | ||
| P | $4,245,535 | ALLOCATION OF ACTUAL COST |
| COVENANT LIVING SHANNONDALE | ||
| Q | $2,696,557 | ALLOCATION OF ACTUAL COST |
| COVENANT LIVING AT INVERNESS | ||
| Q | $2,504,430 | ALLOCATION OF ACTUAL COST |
| COVENANT LIVING OF CROMWELL | ||
| Q | $2,418,139 | ALLOCATION OF ACTUAL COST |
| COVENANT LIVING OF FLORIDA | ||
| Q | $2,181,425 | ALLOCATION OF ACTUAL COST |
| COVENANT LIVING OF NORTHBROOK | ||
| P | $2,004,878 | ALLOCATION OF ACTUAL COST |
| COVENANT LIVING OF BIXBY | ||
| Q | $1,879,969 | ALLOCATION OF ACTUAL COST |
| COVENANT LIVING OF KEENE | ||
| Q | $1,767,245 | ALLOCATION OF ACTUAL COST |
| COVENANT LIVING OF GOLDEN VALLEY | ||
| P | $1,756,870 | ALLOCATION OF ACTUAL COST |
| COVENANT LIVING OF GOLDEN VALLEY | ||
| Q | $1,744,417 | ALLOCATION OF ACTUAL COST |
| COVENANT LIVING OF CROMWELL | ||
| Q | $1,323,368 | ALLOCATION OF ACTUAL COST |
| COVENANT LIVING OF THE GREAT LAKES | ||
| Q | $1,209,428 | ALLOCATION OF ACTUAL COST |
| COVENANT LIVING OF KEENE | ||
| Q | $1,151,598 | ALLOCATION OF ACTUAL COST |
| COVENANT LIVING HOLDINGS THREE | ||
| Q | $1,016,504 | ALLOCATION OF ACTUAL COST |
| THREE CROWNS PARK | ||
| Q | $975,883 | ALLOCATION OF ACTUAL COST |
| COVENANT LIVING SERVICES | ||
| P | $2,723,808 | ALLOCATION OF ACTUAL COST |
| COVENANT LIVING AT THE HOLMSTAD | ||
| P | $739,668 | ALLOCATION OF ACTUAL COST |
| COVENANT LIVING AT WINDSOR PARK | ||
| P | $419,596 | ALLOCATION OF ACTUAL COST |
| COVENANT HOME OF CHICAGO | ||
| P | $407,507 | ALLOCATION OF ACTUAL COST |
| COVENANT LIVING OF GENEVA | ||
| Q | $373,366 | ALLOCATION OF ACTUAL COST |
| COVENANT LIVING OF COLORADO | ||
| P | $357,583 | ALLOCATION OF ACTUAL COST |
| COVENANT HOME OF CHICAGO | ||
| Q | $294,620 | ALLOCATION OF ACTUAL COST |
| COVENANT LIVING OF THE GREAT LAKES | ||
| P | $176,731 | ALLOCATION OF ACTUAL COST |
| COVENANT LIVING OF COLORADO | ||
| Q | $176,041 | ALLOCATION OF ACTUAL COST |
| THREE CROWNS FOUNDATION | ||
| P | $97,839 | ALLOCATION OF ACTUAL COST |
| COVENANT HEALTH CARE CENTERS INC | ||
| P | $705,193 | ALLOCATION OF ACTUAL COST |
| MISSION CARE COMMUNITIES INC | ||
| R | $6,618,432 | ALLOCATION OF ACTUAL COST |
| MISSION CARE COMMUNITIES INC | ||
| S | $1,405,759 | ALLOCATION OF ACTUAL COST |
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