COVENANT LIVING COMMUNITIES AND SERVICES

EIN: 363478388 501(c)(3) Human Services

SKOKIE, IL

Total Revenue
$45,251,715
Total Expenses
$48,803,226
Total Assets
$364,266,886
Net Assets
$103,655,881
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
IL
Principal Officer
DAVID ERICKSON
Phone
7738782294
Tax Period
2023-10-01 to 2024-09-30

COVENANT LIVING COMMUNITIES AND SERVICES, founded in 1975, is a mid-sized nonprofit in the Human Services sector that reported $45.3M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Net assets of $103.7M represent 27 months of operating reserves.

Mission

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. (SEE SCHEDULE O)

Program Service Accomplishments

Program 1
Expenses: $33,482,707 Revenue: $40,965,285

THE NUMBER OF PERSONS RESIDING AT THE CONTINUING CARE RETIREMENT COMMUNITIES THAT BENEFITED FROM THE SERVICES WE PROVIDED FOR THE YEAR ENDED SEPTEMBER 30, 2024, WERE AS FOLLOWS:RESIDENTIAL & CATERED...

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THE NUMBER OF PERSONS RESIDING AT THE CONTINUING CARE RETIREMENT COMMUNITIES THAT BENEFITED FROM THE SERVICES WE PROVIDED FOR THE YEAR ENDED SEPTEMBER 30, 2024, WERE AS FOLLOWS:RESIDENTIAL & CATERED LIVING: THERE WERE A TOTAL OF 3,673 RESIDENTS, OCCUPYING 2,938 APARTMENTS AT 09/30/2024. RESIDENCY FOR THE FISCAL YEAR TOTALED 1,331,206 RESIDENT DAYS.ASSISTED LIVING: THERE WERE A TOTAL OF 501 RESIDENTS AT 09/30/2024. ASSISTED LIVING RESIDENCY FOR THE FISCAL YEAR TOTALED 186,737 RESIDENT DAYS.ASSISTED LIVING MEMORY SUPPORT: THERE WERE A TOTAL OF 134 RESIDENTS AT 09/30/2024. ASSISTED LIVING MEMORY SUPPORT RESIDENCY FOR THE FISCAL YEAR TOTALED 46,423 RESIDENT DAYS.SKILLED NURSING: THERE WERE A TOTAL OF 676 RESIDENTS AT 09/30/2024. SKILLED CARE RESIDENCY FOR THE FISCAL YEAR TOTALED 261,855 RESIDENT DAYS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $595,877
Program Service Revenue $40,706,852
Investment Income $3,682,524
Other Revenue $266,462
TOTAL REVENUE $45,251,715

Expense Breakdown

Grants Paid $18,162
Salaries & Benefits $27,129,149
Fundraising Expenses $1,685,500
Program Expenses $33,482,707
Other Expenses $21,655,915
TOTAL EXPENSES $48,803,226

Year-over-Year Comparison

2023 2022 Change
Revenue $45,251,715 $50,434,180 -0.1%
Expenses $48,803,226 $43,236,734 +0.1%
Net Income $-3,551,511 $7,197,446 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
18
Independent Members
14
Employees
186
Volunteers
17

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
10
$3,161,302
Total Directors
22
$2,095,747
Key Employees
1
$370,604
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERRI S CUNLIFFE DIRECTOR/CLCS PRESIDENT/CEO-PART YR 40.00
Officer Director
$928,155 $33,657 $961,812
DAVID G ERICKSON GEN COUNSEL PART YR/ASST SEC/CEO 40.00
Officer Director
$432,606 $122,066 $554,672
TODD SLECHTA DIRECTOR/EX-OFFICIO 0.10
Director
$0 $59,996 $365,122
TAMMY SWANSON-DRAHEIM DIRECTOR/EX-OFFICIO 0.10
Director
$0 $105,500 $214,141
JANET CREANEY DIRECTOR/CHAIR 0.10
Officer Director
$0 $0 $0
LORENE FLEWELLEN DIRECTOR/VICE CHAIR 0.10
Officer Director
$0 $0 $0
JANET GOELZ HOFFMAN DIRECTOR/SECRETARY 0.10
Officer Director
$0 $0 $0
ALLAN ANDERSON DIRECTOR 0.10
Director
$0 $0 $0
SARAH BENTLEY DIRECTOR 0.10
Director
$0 $0 $0
KATHY BUETTNER DIRECTOR 0.10
Director
$0 $0 $0
PAMELA CHRISTENSEN DIRECTOR 0.10
Director
$0 $0 $0
ARTHUR DEROOY DIRECTOR/EX-OFFICIO - PART YEAR 0.10
Director
$0 $0 $0
JOHN FREDRICKSON DIRECTOR 0.10
Director
$0 $0 $0
KURT KINCANON DIRECTOR 0.10
Director
$0 $0 $0
MATTHEW MANLOVE DIRECTOR 0.10
Director
$0 $0 $0
ROBERT MARTIN DIRECTOR 0.10
Director
$0 $0 $0
JENNIFER MEANS DIRECTOR 0.10
Director
$0 $0 $0
MARY PALMER DIRECTOR/EX-OFFICIO 0.10
Director
$0 $0 $0
LOANN PETERSON DIRECTOR - PART YEAR 0.10
Director
$0 $0 $0
JEAN E JUSTIE CFO/TREASURER/ASST SECRETARY 40.00
Officer
$459,684 $90,531 $550,215
WILLIAM RABE CHIEF INFO & TECH OFFICER/ASST SEC. 40.00
Officer
$363,812 $60,892 $424,704
CORY KALLHEIM GENERAL COUNSEL/ASST SECRETARY 40.00
Officer
$255,332 $70,455 $325,787
JAY PRINCE SVP, COMMUNITY OPS/ASST SECRETARY 40.00
Officer
$211,098 $24,248 $235,346
EMILY WARNYGORA SR. EXEC. ASST TO CEO/ASST SECRETARY 40.00
Officer
$95,671 $13,095 $108,766
TANDERIA BROWN CHIEF HUMAN RESOURCES OFFICER 40.00
Key Emp
$304,715 $65,889 $370,604
JAY HIBBARD CHIEF GROWTH & COMMUNICATION OFFICER 40.00
Highest
$535,205 $90,276 $625,481
FRAN PALMA CHIEF MKTNG & DIGITAL STRAT OFFICER 22.50
Highest
$478,960 $86,166 $565,126
ELIZABETH MCLAREN SR VP/REV CYCLE,/REIM, HOME, & COM. SERVS 22.50
Highest
$409,609 $72,347 $481,956
RANDAL GROSS SENIOR VP, PROJECT DEVELOPMENT 40.00
Highest
$373,069 $32,080 $405,149
MIA LEIBOW VP, FINANCIAL PLANNING & ANALYSIS 40.00
Highest
$358,705 $31,042 $389,747
CORY STERN FORMER INTERIM FINANCE LEAD/TREAS. 0.00
$233,582 $34,904 $268,486
DIXIE REPPE DIRECTOR - PART YEAR 0.10
Director
$0 $0 $0
RICK SHEPARD DIRECTOR 0.10
Director
$0 $0 $0
ANDREW VANOVER DIRECTOR 0.10
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $45,251,715 $48,803,226 $364,266,886 $-3,551,511
2023 $50,434,180 $43,236,734 $305,650,185 $7,197,446
2022 $43,745,688 $41,422,861 $275,632,536 $2,322,827
2021 $56,944,036 $32,848,843 $297,389,461 $24,095,193
2019 $30,917,527 $32,917,002 $146,725,906 $-1,999,475
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