2026-08-07T10:28:55+00:00 2025-09-30 331498605 PLANTE & MORAN PLLC 10 SOUTH RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2024-10-01 362643638 COVENANT HOME COVE 8474806380 2625 TECHNY ROAD NORTHBROOK IL 600625900 JEAN E JUSTIE CFO 2026-08-07 true SAMANTHA L BECKER P01344887 3122071040 2026-07-31 2024 2025-03-06 01:10:19Z DAVID ERICKSON 2625 TECHNY ROAD NORTHBROOK IL 600625900 28717714 false X WWW.COVLIVING.ORG X 1962 IL CARE FOR SENIOR ADULTS. 19 15 358 57 0 729226 780393 19558684 20486760 6415187 6214763 362686 939042 27065783 28420958 0 0 4716757 5073478 0 213297 14632335 15123565 19349092 20197043 7716691 8223915 216419762 229830880 179374840 184136803 37044922 45694077 (SEE SCHEDULE O) false false 13636093 20915897 RESIDENTIAL LIVING: THE NUMBER OF PERSONS WHO BENEFITED FROM THE SERVICES WE PROVIDED FOR THE YEAR ENDED SEPTEMBER 30, 2025 WERE AS FOLLOWS: THERE WERE A TOTAL OF 388 RESIDENTS, OCCUPYING 299 APARTMENTS AT 9/30/25 RESIDENCY FOR THE FISCAL YEAR TOTALED 139,750 RESIDENT DAYS. 13636093 true true false true false false false false true false true true false true true false false true false false false false false false false false false false false true false false false false false false false false false false true false false false false true false false false false true 0 0 358 true false false false false false false false false false false false false X 19 15 false true false false true false true true true true false false true true true true true true false true false false IL X JEAN E JUSTIE 7738782294 C/O CLCS - 5700 OLD ORCHARD RD SKOKIE IL 60077 DAVID G ERICKSON DIRECTOR/EX-OFFICIO/CHIEF EXECUTIVE OFFICER 1.0 61.0 X X 0 661650 149211 JANET CREANEY DIRECTOR/CHAIR 0.1 2.2 X X 0 0 0 JANET GOELZ HOFFMAN DIRECTOR/VICE CHAIR 0.1 2.2 X X 0 0 0 JENNIFER MEANS DIRECTOR/SECRETARY 0.1 2.1 X X 0 0 0 AL LOPUS DIRECTOR 0.1 2.1 X 0 0 0 ALLAN ANDERSON DIRECTOR 0.1 2.1 X 0 0 0 ANDREW VANOVER DIRECTOR - PART YEAR 0.1 2.1 X 0 0 0 CRAIG SWANSON DIRECTOR 0.1 2.1 X 0 0 0 CURT ANDERSON DIRECTOR/EX-OFFICIO 0.1 2.2 X 0 0 0 JOHN FREDRICKSON DIRECTOR 0.1 2.1 X 0 0 0 KATHY BUETTNER DIRECTOR 0.1 2.2 X 0 0 0 KURT KINCANON DIRECTOR 0.1 2.1 X 0 0 0 LORENE FLEWELLEN DIRECTOR 0.1 2.2 X 0 0 0 MARY PALMER DIRECTOR/EX-OFFICIO - PART YEAR 0.1 2.3 X 0 0 0 MATHEW MANLOVE DIRECTOR 0.1 2.1 X 0 0 0 PAMELA CHRISTENSEN DIRECTOR 0.1 2.1 X 0 0 0 RICK SHEPARD DIRECTOR 0.1 2.1 X 0 0 0 ROBERT MARTIN DIRECTOR 0.1 2.1 X 0 0 0 SARAH BENTLEY DIRECTOR 0.1 2.1 X 0 0 0 TAMMY SWANSON-DRAHEIM DIRECTOR/EX-OFFICIO/ECC PRES 0.1 42.2 X 0 145412 106291 TODD SLETCHA DIRECTOR/EX-OFFICIO/CMB PRESIDENT 0.1 42.3 X 0 323746 67944 CORY KALLHEIM GENERAL COUNSEL/ASSISTANT SECRETARY 1.0 61.0 X 0 327540 81213 EMILY WARNYGORA CHIEF OF STAFF/ASST. SECRETARY 1.0 61.0 X 0 101477 13734 JEAN E JUSTIE CHIEF FINANCIAL OFFICER/TREASURER/ASSISTANT SEC 1.0 61.0 X 0 585593 108168 HILDE SAGER ASSOCIATE VICE PRESIDENT, OPERATIONS 1.0 47.0 X 0 406513 42248 MICHELLE PARDUN EXECUTIVE DIRECTOR 20.0 20.0 X 242778 0 52186 ROBERTA NEVERS INTERIM CHIEF HUMAN RESOURCES OFFICER 1.0 60.0 X 0 288527 63598 TANDERIA BROWN CHIEF HUMAN RESOURCES OFFICER - PART YEAR 1.0 60.0 X 0 394651 61258 JANETTE FOLEY DIRECTOR OF ASSISTED LIVING 40.0 0 X 134544 0 18979 JENNA MYRCZIK ASSOCIATE EXECUTIVE DIRECTOR 40.0 0 X 140323 0 10536 JONI MANTELMAN DIRECTOR OF NURSING 40.0 0 X 148128 0 24346 KATHRYN BERG HEALTHCARE ADMINISTRATOR 40.0 0 X 163858 0 34601 RACHEL BECKETT DIRECTOR OF HUMAN RESOURCES 40.0 0 X 139110 0 16919 JAY PRINCE FORMER SVP/COMMUNITY OPERATIONS/ASST. SECRETARY 0.0 0.0 X 0 183058 4875 TERRI S CUNLIFFE FORMER DIRECTOR AND CLCS PRESIDENT/CEO - THRU 05/24 0.0 0.0 X 0 941279 235887 WILLIAM RABE FORMER OFFICER/CURENT CHIEF INFORMATION AND TECHNOLOGY OFFICER 0.0 42.0 X 0 495439 74300 968741 4854885 1166294 11 true true false 0 780393 106913 780393 ROUTINE SERVICES 623000 13191739 13191739 ENTRANCE FEE 623000 6815455 6815455 ANCILLARY SERVICES 623000 277924 277924 MEALS 623000 194142 194142 RELATED-PARTY RENT 531390 7500 7500 0 0 0 0 20486760 4830866 4830866 38700 158865 -120165 0 -120165 -120165 1521788 0 137891 1521788 -137891 1383897 1383897 SUPPORT SERVICES 623000 278393 278393 APARTMENT UPGRADES 623000 84410 84410 SERVICES TO RESIDENTS 623000 36112 36112 660292 30222 0 630070 1059207 28420958 20915897 0 6724668 305444 305444 3819503 2941831 780871 96801 59524 36852 19808 2864 606920 412473 193520 927 282087 205683 69102 7302 36720 36720 29464 29464 4871 4871 840 840 901461 800884 94198 6379 189551 76 189475 630482 457744 166658 6080 644458 191616 452842 1055148 1055148 30723 10955 17600 2168 20262 19667 310 285 2361745 1595909 740938 24898 5905092 3990267 1852574 62251 656049 656049 RELATED PARTY ACTIVITY 1315500 1315500 DINING SERVICES 609241 609241 MAINT. FOR RESIDENTS 285052 285052 RECRUITING 54726 54726 392180 329926 58912 3342 20197043 13636093 6347653 213297 6656 8357 10059 35012 131903 1366185 1031441 0 0 0 0 3450 6628 201217182 74542924 88493452 126674258 79274154 42370777 35641321 38792528 0 11599532 20804929 216419762 229830880 4446900 8237392 32003474 33161406 105723696 104613899 667350 943724 0 0 36533420 37180382 179374840 184136803 X 36344822 44625286 700100 1068791 37044922 45694077 216419762 229830880 X 8223915 462712 -37472 X false true true false X 146753 83762 77183 729226 780393 1817317 17286798 17661942 20448904 19983739 20915897 96297280 0 0 0 17433551 17745704 20526087 20712965 21696290 98114597 0 0 0 4500 3000 7500 0 0 0 0 0 0 0 0 0 4500 3000 7500 98107097 855190 1152620 1831118 5537029 4869566 14245523 0 855190 1152620 1831118 5537029 4869566 14245523 0 0 0 0 0 630070 630070 18288741 18898324 22357205 26249994 27195926 112990190 0.86828 0.90098 0.13 0.1 X SCHEDULE A, PART III, LINE 12 OTHER INCOME DESCRIPTION - GAIN ON DEBT EXTINGUISHMENT, COLUMN A - , COLUMN B - , COLUMN C - , COLUMN D - , COLUMN E - 630070.0, COLUMN F - 630070.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 840 840 false SCHEDULE C, PART II-B, LINE 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY A PORTION OF MEMBERSHIP DUES PAID TO LEADING AGE ARE USED FOR LOBBYING PURPOSES. false true X 450291 450291 88042715 46282670 41760045 29701998 17676576 12025422 83022178 10583678 72438500 126674258 CLOSELY-HELD EQUITY INTERESTS FINANCIAL DERIVATIVES MORTGAGES 197929 F DOMESTIC EQUITY 19135499 F INTERNATIONAL EQUITY 9419507 F HEDGE FUNDS & DERIVATIVES 8975039 F PRIVATE EQUITY 1064554 F 38792528 INTERCOMPANY RECEIVABLES 18423685 OTHER ASSETS 2381244 20804929 FEDERAL INCOME TAXES DEFERRED REVENUE SUBJECT TO REFUND 15427227 REFUNDABLE CONTRACT LIABILITIES 21605932 OTHER LIABILITIES 147223 37180382 0 0 0 0 0 0 0 0 0 0 0 0 SCHEDULE D, PART IV, LINE 2B EXPLANATION OF ESCROW AGREEMENT RESIDENT ENTRANCE FEE ACCOUNT: PROSPECTIVE RESIDENTS PAY AN APPLICATION FEE DEPOSIT WHICH IS CARRIED IN AN ESCROW ACCOUNT. AT MOVE IN, THE DEPOSIT IS APPLIED AGAINST THE TOTAL ENTRANCE FEE AMOUNT AND THE REMAINDER OF THE MONEY IS COLLECTED AND PUT IN THIS ACCOUNT. AT THE END OF THE MONTH THE RESIDENT HAS MOVED IN, ALL MONEY IS TRANSFERRED OUT OF THE ESCROW ACCOUNT. true true false false false false false true false DAVID G ERICKSON DIRECTOR/EX-OFFICIO/CHIEF EXECUTIVE OFFICER 0 459033 0 96942 0 105675 0 98100 0 51111 0 810861 0 49490 TODD SLETCHA DIRECTOR/EX-OFFICIO/CMB PRESIDENT 0 277415 0 0 0 46331 0 35568 0 32376 0 391690 0 13018 TAMMY SWANSON-DRAHEIM DIRECTOR/EX-OFFICIO/ECC PRES 0 114912 0 0 0 30500 0 28291 0 78000 0 251703 0 0 TERRI S CUNLIFFE FORMER DIRECTOR AND CLCS PRESIDENT/CEO - THRU 05/24 0 260945 0 343678 0 336656 0 220397 0 15490 0 1177166 0 115275 JAY PRINCE FORMER SVP/COMMUNITY OPERATIONS/ASST. SECRETARY 0 84974 0 0 0 98084 0 0 0 4875 0 187933 0 0 WILLIAM RABE FORMER OFFICER/CURENT CHIEF INFORMATION AND TECHNOLOGY OFFICER 0 290639 0 101942 0 102858 0 48843 0 25457 0 569739 0 34258 JEAN E JUSTIE CHIEF FINANCIAL OFFICER/TREASURER/ASSISTANT SEC 0 342178 0 150383 0 93032 0 54841 0 53327 0 693761 0 13839 CORY KALLHEIM GENERAL COUNSEL/ASSISTANT SECRETARY 0 255110 0 48075 0 24355 0 37044 0 44169 0 408753 0 0 TANDERIA BROWN CHIEF HUMAN RESOURCES OFFICER - PART YEAR 0 247389 0 99854 0 47408 0 32398 0 28860 0 455909 0 0 ROBERTA NEVERS INTERIM CHIEF HUMAN RESOURCES OFFICER 0 184300 0 41415 0 62812 0 31153 0 32445 0 352125 0 0 MICHELLE PARDUN EXECUTIVE DIRECTOR 171834 0 36904 0 34040 0 24315 0 27871 0 294964 0 6166 0 HILDE SAGER ASSOCIATE VICE PRESIDENT, OPERATIONS 0 202297 0 71102 0 133114 0 9848 0 32400 0 448761 0 14879 RACHEL BECKETT DIRECTOR OF HUMAN RESOURCES 109722 0 15008 0 14380 0 4291 0 12628 0 156029 0 0 0 KATHRYN BERG HEALTHCARE ADMINISTRATOR 124938 0 28206 0 10714 0 9563 0 25038 0 198459 0 0 0 JANETTE FOLEY DIRECTOR OF ASSISTED LIVING 74927 0 29042 0 30575 0 4181 0 14798 0 153523 0 0 0 JONI MANTELMAN DIRECTOR OF NURSING 106277 0 24303 0 17548 0 9860 0 14486 0 172474 0 0 0 JENNA MYRCZIK ASSOCIATE EXECUTIVE DIRECTOR 109748 0 0 0 30575 0 9805 0 731 0 150859 0 0 0 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: TANDERIA BROWN HILDE SAGER DAVID ERICKSON JEAN JUSTIE TERRI CUNLIFFE TODD SLECHTA WILLIAM RABE CORY KALLHEIM JAY PRINCE ROBERTA NEVERS KATHRYN BERG MICHELLE PARDUN JONI MANTELMAN JENNA MYRCIK IN 2024, THESE INDIVIDUALS VESTED IN THE PLAN IN THE FOLLOWING AMOUNTS: TERRI CUNLIFFE - $70,201 DAVID ERICKSON - $49,490 WILLIAM RABE - $34,258 HILDE SAGER - $91,614 TODD SLECHTA - $13,018 JEAN JUSTIE - $13,839 KATHRYN BERG - $4,693 MICHELLE PARDUN - $6,165 IN 2024, THESE INDIVIDUALS RECEIVED DISTRIBUTIONS FROM THE PLAN IN THE FOLLOWING AMOUNTS: DAVID ERICKSON - $30,843 TERRI CUNLIFFE - $595,808 KATHRYN BERG - $19,442 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. 5 106913 MARKET VALUE 0 false true true SCHEDULE M, PART I, LINE 32B THIRD PARTIES USED TO SOLICIT, PROCESS, OR SELL NONCASH CONTRIBUTIONS ROBERT W. BAIRD & CO. INCORPORATED IS THE BROKERAGE FIRM FOR SECURITIES DONATIONS TO COVENANT LIVING COMMUNITIES AND SERVICES. DONATED SECURITIES ARE TRANSFERRED TO BAIRD. BAIRD THEN LIQUIDATES THE SECURITIES AND THE CASH IS TRANSFERRED TO COVENANT LIVING'S CHECKING ACCOUNT. SCHEDULE M, PART I EXPLANATIONS OF REPORTING METHOD FOR NUMBER OF CONTRIBUTIONS SECURITIES - PUBLICLY TRADED - REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED FORM 990, PART III, LINE 1 PROGRAM SERVICE ACCOMPLISHMENT 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. IN LIVING OUT THE MISSION, THE COMMUNITY PROVIDES A COMPLETE CONTINUUM OF CARE FROM RESIDENTIAL LIVING THROUGH SKILLED NURSING. SUCH SERVICES ARE GUIDED BY A SERIES OF VALUES AND GOALS ADDRESSING RESIDENT NEEDS, PRIVACY, SAFETY AND DIGNITY, INCLUDING APPROPRIATE ACCESS TO SERVICES. IN CARRYING OUT THE MISSION STATEMENT OF COVENANT LIVING, COVENANT HOME PROVIDED $79,218 FREE OR DISCOUNTED SERVICES TO THOSE RESIDENTS UNABLE TO PAY ALL OR A PORTION OF THEIR CHARGES, AND WHO MEET CERTAIN ELIGIBILITY REQUIREMENTS. COVENANT HOME PROVIDES OTHER BENEFITS TO THE COMMUNITY, INCLUDING HOSTING MEETINGS FOR LOCAL ORGANIZATIONS FOR FREE AND RESIDENTS OF COVENANT HOME ALSO VOLUNTEER AT MANY ORGANIZATIONS BOTH IN AND OUTSIDE OF THE COMMUNITY. FORM 990, PART IV, LINE 24A TAX-EXEMPT BONDS THE ORGANIZATION HAS TAX-EXEMPT BONDS ISSUED AFTER DECEMBER 31, 2002 WITH AN OUTSTANDING PRINCIPAL OF MORE THAN $100,000. THE BONDS ARE REPORTED ON SCHEDULE K OF THE PARENT ORGANIZATION. FORM 990, PART VI, LINE 3 DELEGATION OF MANAGEMENT DUTIES COVENANT HOME DELEGATED CONTROL OVER MANAGEMENT DUTIES TO COVENANT LIVING COMMUNITIES AND SERVICES, ITS PARENT ORGANIZATION. FORM 990, PART VI, LINE 6 CLASSES OF MEMBERS OR STOCKHOLDERS THE SOLE MEMBER IS COVENANT LIVING COMMUNITIES AND SERVICES. FORM 990, PART VI, LINE 7B DECISIONS REQUIRING APPROVAL BY MEMBERS OR STOCKHOLDERS S 2.4 OF BYLAWS INCLUDE RESERVED POWERS TO THE [INDIVIDUAL] MEMBERS SUCH AS CHANGES TO MISSION AND STRATEGIC PLAN, APPROVAL OF CERTAIN ACQUISITIONS, DISPOSITIONS AND FINANCINGS, CHANGES TO ARTICLES AND BYLAWS. FORM 990, PART VI, LINE 9 INTERESTED PERSON NOT AT ORGANIZATION'S ADDRESS ALL OF THE ORGANIZATION'S DIRECTORS AND OFFICERS CAN BE CONTACTED AT THIS ADDRESS: COVENANT LIVING COMMUNITIES AND SERVICES - 5700 OLD ORCHARD ROAD, SKOKIE, IL 60077. 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 15B PROCESS TO ESTABLISH COMPENSATION OF OTHER EMPLOYEES 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, COLUMN (A) INDEPENDENT CONTRACTORS INDEPENDENT CONTRACTORS ARE NOW REPORTED ON FORM 990 OF COVENANT LIVING COMMUNITIES AND SERVICES (CLCS), THE PARENT COMPANY OF COVENANT LIVING OF CROMWELL, AS THE ENTITY RESPONSIBLE FOR PAYMENTS AND ISSUANE OF FORMS 1099, ALIGNING WITH TAX REPORTING REQUIREMENTS. FORM 990, PART VIII, LINE 11D OTHER MISCELLANEOUS REVENUE OTHER REVENUE - TOTAL REVENUE: 660292, RELATED OR EXEMPT FUNCTION REVENUE: 30222, UNRELATED BUSINESS REVENUE: , REVENUE EXCLUDED FROM TAX UNDER SECTIONS 512, 513, OR 514: 630070; FORM 990, PART X, LINE 23 PART X, LINES 20 AND 23 - IN THE PRIOR YEAR, THE AMOUNT REPORTED ON LINE 20 INCLUDED BOTH TAX-EXEMPT AND TAXABLE BOND LIABILITIES. IN THE CURRENT YEAR, TAXABLE BOND LIABILITIES ARE SEPARATELY REPORTED ON LINE 23. THIS CHANGE REFLECTS A RECLASSIFICATION OF EXISTING LIABILITIES AND DOES NOT REPRESENT NEW DEBT. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES CHANGE IN PRESENT VALUE OF IRREVOCABLE TRUSTS - -37472; TOTAL - -37472; EVANGELICAL COVENANT CHURCH 8303 WEST HIGGINS ROAD CHICAGO IL 60631 362167730 CHURCH IL 501(C)(3) 1 NA false COVENANT LIVING COMMUNITIES AND SERVICES 5700 OLD ORCHARD RD SKOKIE IL 60077 363478388 MANAGEMENT/SUPPORT SERVICES IL 501(C)(3) TYPE II EVANGELICAL COVENANT CHURCH 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 false 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 false 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 false 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 false COVENANT HOME SERVICES 5700 OLD ORCHARD RD SKOKIE IL 60077 260744025 HOME HEALTH SERVICES IL 501(C)(3) 10 COVENANT LIVING SERVICES false 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 false 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 false 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 false 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 false 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 false 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 false 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 false 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 false 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 false 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 false 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 false 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 false 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 false CRC FOUNDATION 5700 OLD ORCHARD RD STE 100 SKOKIE IL 60077 300763748 FUNDRAISING IL 501(C)(3) 7 COVENANT LIVING COMMUNITIES AND SERVICES false THREE CROWNS FOUNDATION 2323 MCDANIEL AVENUE EVANSTON IL 60201 201060468 FOUNDATION IL 501(C)(3) TYPE II COVENANT LIVING SERVICES false THREE CROWNS PARK 2323 MCDANIEL AVENUE EVANSTON IL 60201 362030089 CONTINUING CARE RETIREMENT COMMUNITY IL 501(C)(3) 10 THREE CROWNS FOUNDATION false 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 false COVENANT LIVING AT SHANNONDALE 801 VANOSDALE RD KNOXVILLE TN 37909 620698709 CONTINUING CARE RETIREMENT COMMUNITY TN 501(C)(3) 10 COVENANT LIVING SERVICES false MISSION CARE COMMUNITIES INC PO BOX 1307 BURLINGTON VT 05402 333595861 CAPTIVE INSURANCE VT 501(C)(3) TYPE II COVENANT LIVING COMMUNITIES AND SERVICES false COVENANT LIVING OF GENEVA 5700 OLD ORCHARD RD SKOKIE IL 60077 843227613 RENTAL SENIOR HOUSING IL 501(C)(3) 10 COVENANT LIVING SERVICES false COVENANT INTERNATIONAL INSURANCE COMPANY LTD INNOVATION HOUSE 3RD FLOOR 46 REID STREET HAMILTON BERMUDA BD HM12 INSURANCE BD NA C CORPORATION false COVENANT TRUST COMPANY 141 W JACKSON BLVD SUITE 1850A CHICAGO IL 60604 363583163 FINANCIAL SERVICES IL NA C CORPORATION false COVENANT LIVING HOLDINGS THREE INC 5700 OLD ORCHARD ROAD SKOKIE IL 60077 932491440 CONSULTING SERVICES IL NA C CORPORATION false false false false false false false false false false false false false false false false true false false true