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Covenant Living at the Holmstad

Public charity
DBA: % DAVID ERICKSON
Other · BATAVIA, IL · EIN 36-2835154

About

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, holmstad provided $74,643 of free or discounted services to those residents unable to pay ALL or a portion of their charges, and who meet certain eligibility requirements. Additionally, covenant living at the holmstad provides other benefits to the community, including hosting meetings for local organizations for free. Staff also serve on NON-profit boards of other organizations, and residents of covenant living of holmstad volunteer at many organizations both in and outside of the community.

In care of David Erickson

Donations are tax-deductible
Category
Other
Employees
552
Volunteers
67

Financial Snapshot

FY ending 2024-09-30
Revenue
$20.8M
Expenses
$17.3M
Assets
$75.0M
Liabilities
$85.3M

Financial history

$20.8M$10.4M$0
1718192021222324
RevenueExpenses
Latest FY2024: $20.8M · Avg: $17.7M

501(h) election

This 501(c)(3) has NOT elected 501(h) — lobbying is permitted but limited under the vaguer "no substantial part of activities" test.

Political & Grant Activity

Campaign Spending
Lobbying
$840
Grants Given
COVENANT LIVING AT THE HOLMSTAD
Your actions

Address

700 WEST Fabyan Parkway
Batavia, IL, 60510-126

Governance

Voting board members18
Independent members14
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %0.0%
Permanent endowment %100.0%
Endowment held by related orgYes
Public records
ProPublica Nonprofit Explorer
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IRS Tax Exempt Organization Search
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