Covenant Enabling Residences of Illinois

EIN: 363731196 501(c)(3)

Oak Forest, IL

Total Revenue
$2,984,514
Total Expenses
$3,116,438
Total Assets
$2,076,608
Net Assets
$1,639,427
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
IL
Principal Officer
Tracy Christenson
Phone
7086872038
Tax Period
2024-07-01 to 2025-06-30

Covenant Enabling Residences of Illinois, founded in 1990, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

PROVIDE HIGH-QUALITY LIVING OPPORTUNITIES FOR ADULTS WITH DEVELOPMENTAL DISABILITIES IN A CHRISTIAN ENVIRONMENT ON BEHALF OF THE EVANGELICAL COVENANT CHURCH.

Program Service Accomplishments

Program 1
Expenses: $2,970,217 Revenue: $2,738,939

PROVIDE EXCEPTIONAL HEALTH CARE SERVICES TO ADULTS WITH DEVELOPMENTAL DISABILITIES AND TO ENRICH AND NURTURE THE CLIENTS SO THEY CAN CONTINUE TO HAVE OPPORTUNITIES FOR GROWTH IN THE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $93,057
Program Service Revenue $2,738,939
Investment Income $4,008
Other Revenue $148,510
TOTAL REVENUE $2,984,514

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,074,659
Fundraising Expenses $2,083
Program Expenses $2,970,217
Other Expenses $1,041,779
TOTAL EXPENSES $3,116,438

Year-over-Year Comparison

2024 2023 Change
Revenue $2,984,514 $2,760,655 +0.1%
Expenses $3,116,438 $2,807,791 +0.1%
Net Income $-131,924 $-47,136 +1.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
64
Volunteers
N/A

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
4
$304,603
Total Directors
6
$170,242
Key Employees
1
$112,252
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MANDY OLSON CHAIR 2.00
Officer Director
$0 $0 $0
SCOTT MACDONALD SECRETARY 2.00
Officer Director
$0 $0 $0
KIERSTEN LUNDGREN DIRECTOR 2.00
Director
$0 $0 $0
DAVE BOGGS ASSISTANT SECRETARY 30.00
Officer Director
$0 $31,010 $170,242
DAVID DWIGHT DIRECTOR 2.00
Director
$0 $0 $0
DAVID ANDERSON DIRECTOR 2.00
Director
$0 $0 $0
JENNIFER ZELEK EXECUTIVE DIRECTOR 40.00
Key Emp
$98,918 $13,334 $112,252
TRACY CHRISTENSON CONTROLLER 40.00
Officer
$0 $18,563 $134,361
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
2025 $2,984,514 $3,116,438 $2,076,608 $-131,924
2024 $2,760,655 $2,807,791 $2,293,848 $-47,136
2023 $2,575,655 $2,511,701 $2,378,166 $63,954
2022 $2,309,472 $2,160,728 $2,304,106 $148,744
2021 $2,463,929 $2,055,659 $2,160,024 $408,270
2020 $1,976,474 $1,980,946 $2,114,962 $-4,472
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