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Covenant Retirement Communities INC

Public charityFed auditsIRS 990990-T FY2023
DBA: % DAVID ERICKSON
Other · SKOKIE, IL · EIN 36-3478388

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. 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 $5,476,074 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, 2024, the amount of cost in excess of medicaid reimbursement was $18,720,418.

In care of David Erickson

Donations are tax-deductible
Category
Other
Employees
186
Volunteers
17

Financial Snapshot

FY ending 2024-09-30
Revenue
$45.3M
Expenses
$48.8M
Assets
$364.3M
Liabilities
$260.6M

Financial history

$53.0M$26.5M$0
1718192021222324
RevenueExpenses
Latest FY2024: $45.3M · Peak FY2018: $53.0M · Avg: $44.7M

Foreign activity (Schedule F)

Total spent abroad$23.2M
Foreign employees0
Foreign offices0
Foreign partnership interestNo
Foreign trust interestNo
RegionActivitySpent
CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,

Political & Grant Activity

Campaign Spending
Lobbying
Grants Given
$18K
COVENANT RETIREMENT COMMUNITIES INC
Your actions

Address

5700 Old Orchard RD STE 100
Skokie, IL, 60077-103

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
Compensation committeeYes
Used comp surveyYes
Board approved compYes
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
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.