Glendale, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Covia Communities, founded in 1965, is a major nonprofit that reported $275.8M in total revenue in fiscal year 2021. Revenue surged 85% from the prior year, signaling strong growth momentum. The organization ran a surplus of $131.7M, a strong 48% operating margin.
COVIA PROMOTES AND CULTIVATES HEALTHY COMMUNITIES FOR POSITIVE AGING THROUGH AN INNOVATIVE CONTINUUM THAT ACTIVELY SUPPORTS THE WHOLE PERSON.
COVIA COMMUNITIES (CC) IS A PIONEERING LEADER IN SENIOR CARE RETIREMENT LIVING SINCE 1965. CC HAS BUILT, OPENED, AND OPERATES FIVE CONTINUING CARE COMMUNITIES ON A NONPROFIT AND NON DENOMINATIONAL...
COVIA COMMUNITIES (CC) IS A PIONEERING LEADER IN SENIOR CARE RETIREMENT LIVING SINCE 1965. CC HAS BUILT, OPENED, AND OPERATES FIVE CONTINUING CARE COMMUNITIES ON A NONPROFIT AND NON DENOMINATIONAL BASIS WHICH ARE LICENSED BY THE STATE OF CALIFORNIA. THE COMMUNITIES OFFER ITS RESIDENTS SECURITY AND PEACE OF MIND WHICH INCLUDES: (1) THE PROMISE OF CARE FOR THE REMAINDER OF THE RESIDENT'S LIFE; (2) INDEPENDENT LIVING WITH A WIDE RANGE OF RESIDENT SERVICES; (3) ALL LEVELS OF CARE ON SITE, INCLUDING SKILLED NURSING CARE AND PHYSICIAN'S VISITS; AND THE OPPORTUNITY TO CONTINUE LIVING IN THE COMMUNITY EVEN IF THE RESIDENT HAS EXHAUSTED THEIR FINANCIAL RESOURCES THROUGH NO FAULT OF THEIR OWN.
FOR MORE THAN 50 YEARS, COVIA HAS BEEN A LEADING NONPROFIT PROVIDER OF HOUSING AND SERVICES FOR OLDER ADULTS IN THE BAY AREA. OUR MISSION IS TO PROMOTE POSITIVE AGING BY CULTIVATING HEALTHY AND...
FOR MORE THAN 50 YEARS, COVIA HAS BEEN A LEADING NONPROFIT PROVIDER OF HOUSING AND SERVICES FOR OLDER ADULTS IN THE BAY AREA. OUR MISSION IS TO PROMOTE POSITIVE AGING BY CULTIVATING HEALTHY AND ENGAGED COMMUNITIES WITH A CONTINUUM OF INNOVATIVE SERVICES THAT ACTIVELY SUPPORT THE WHOLE PERSON. IN ADDITION TO PROVIDING HOUSING THROUGH OUR 13 COMMUNITIES, 8 OF WHICH ARE AFFORDABLE COMMUNITIES, COVIA SERVES MORE THAN 18,000 OLDER ADULTS THROUGH OUR COMMUNITY SERVICES DIVISION'S INNOVATIVE PROGRAMS, INCLUDING: (1) HOME MATCH SHARED HOUSING PROVIDES ECONOMIC STABILITY AND ENHANCED WELLBEING FOR OLDER ADULT HOME PROVIDERS WHO OFFER ROOMS IN THEIR HOMES IN EXCHANGE FOR ADDITIONAL INCOME, HELP AROUND THE HOUSE IN RETURN FOR LOWER RENTS, AND/OR COMPANIONSHIP. CURRENTLY AVAILABLE IN MARIN COUNTY, SAN FRANCISCO (SF), CONTRA COSTA COUNTY, AND ALAMEDA COUNTY (FREMONT). (2) WELL CONNECTED OFFERS MORE THAN 80 WEEKLY ACTIVITIES, CLASSES AND SUPPORT GROUPS THROUGH FREE TELEPHONE CONFERENCE AND VIDEO CALLS IN ENGLISH AND SPANISH. (3) SOCIAL CALL (SC) IS A FRIENDLY VISITING PROGRAM THAT BEGAN IN SF IN 2009. SC MAKES THOUGHTFUL AND PRECISE MATCHES BETWEEN COMMUNITY VOLUNTEERS AND OLDER ADULTS 1:1 FOR WEEKLY SOCIAL VISITS, IN-PERSON OR BY PHONE. PHONE VISITS ANYWHERE IN THE US, INPERSON VISITS IN SF, ALAMEDA, MARIN & SONOMA COUNTIES. SC KNOWS OLDER AGE IS A TIME OF CREATIVE GROWTH AND WE WANT VOLUNTEERS (OFTEN MUCH YOUNGER) AND PARTICIPANTS TO FIND EQUITY AND MEANINGFUL CONNECTION DURING THEIR VISITS, WITH THE ULTIMATE GOAL OF REDUCING LONELINESS. (4) MARKET DAY: 24 WEEKLY MARKETS ARE LOCATED AT SENIOR CENTERS, AFFORDABLE SENIOR HOUSING COMMUNITIES, COMMUNITY CENTERS, AND FAITH-BASED ORGANIZATIONS ACROSS CALIFORNIA THAT PROVIDE FRESH FRUIT AND VEGETABLES AT WHOLESALE PRICES ALONG WITH VOLUNTEER OPPORTUNITIES AND A SOCIAL GATHERING. (5) SENIOR RESOURCES PROVIDES INFORMATION AND REFERRAL ASSISTANCE AND EMERGENCY FUNDING IN SEVEN COUNTIES. EMERGENCY FUNDS ARE DESIGNED TO BE DISBURSED ON A ONE-TIME BASIS, TO PROVIDE SAFETY NET FUNDING FOR EXPENSES SUCH AS: RENT, UTILITIES, CAR REPAIR, HOUSEHOLD REPAIRS, MEDICAL/DENTAL EXPENSES ETC. THREE COUNTIES HAVE ADDITIONAL UNIQUE PROGRAMS TAILORED TO THE SPECIFIC NEEDS OF EACH COUNTY, THAT IS, ROTARY HOME TEAM IN CONTRA COSTA COUNTY AND PANTRY OF HOME IN ALAMEDA COUNTY. (6) CREATIVE SPARK IS A NEW PROGRAM INSPIRED BY RUTH'S TABLE AT BETHANY CENTER IN SAN FRANCISCO WHICH IS FOUNDED ON CREATIVE AGING PRINCIPLES OF CULTURE SHIFT, BE WELL, GROW, AND CONNECT. CREATIVE SPARK INTENDS TO PACKAGE THE SUCCESS AND IMPACT OF RUTH'S TABLE, AND BRING IT TO A LARGER COMMUNITY, OTHER RESIDENCES, AGING SERVICES, AND OLDER ADULTS THROUGH STAFF TRAINING AND CONSULTATION, CREATIVE AGING CURRICULUM, ART KITS, AND VIRTUAL CLASSES WITH OLDER ADULTS.
COVIA COMMUNITIES PROVIDES FINANCIAL ASSISTANCE TO OVER 45 RESIDENTS IN ITS CONTINUING CARE RETIREMENT COMMUNITIES WHO HAVE EXHAUSTED THEIR FUNDS AND CAN NO LONGER AFFORD TO PAY THEIR MONTHLY SERVICE...
COVIA COMMUNITIES PROVIDES FINANCIAL ASSISTANCE TO OVER 45 RESIDENTS IN ITS CONTINUING CARE RETIREMENT COMMUNITIES WHO HAVE EXHAUSTED THEIR FUNDS AND CAN NO LONGER AFFORD TO PAY THEIR MONTHLY SERVICE FEES. THESE RESIDENTS RECEIVE PARTIAL OR FULL CREDITS OF THEIR MONTHLY FEES DEPENDING ON THEIR FINANCIAL NEED. IN SOME INSTANCES, THEY ALSO RECEIVE A STIPEND SO THAT THEY CAN PAY FOR THEIR MEDICATIONS OR HEALTH CARE EXPENSES NOT OTHERWISE COVERED BY INSURANCE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2021 | 2020 | Change | |
|---|---|---|---|
| Revenue | $275,832,129 | $149,175,051 | +0.8% |
| Expenses | $144,169,290 | $142,096,298 | +0.0% |
| Net Income | $131,662,839 | $7,078,753 | +17.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| John Woodward | CEO | 11.0 |
Officer
|
$0 | $10,268 | $1,042,970 |
| Diana Jamison | TREASURER, CFO | 12.0 |
Officer
|
$244,960 | $20,929 | $766,608 |
| Eduardo Salvador | CFO | 9.0 |
Officer
|
$0 | $49,111 | $592,875 |
| Mary McMullin | SEC./CHIEF STRGY & ADV OFFICER | 12.0 |
Officer
|
$152,538 | $48,996 | $574,602 |
| Kari Olson | Chief Information Officer | 13.0 |
Key Emp
|
$0 | $56,639 | $534,903 |
| Ronald Schaefer | COO - END:Feb 2022 | 12.0 |
Officer
|
$0 | $28,922 | $519,666 |
| Joseph Butler | Assistant Secretary | 10.0 |
Officer
|
$0 | $11,719 | $483,490 |
| Desiree Burton | SVP-HUMAN RESOURCES | 13.0 |
Highest
|
$0 | $10,980 | $453,922 |
| Tracy Powell | VP OF OUTREACH PROGRAMS | 40.0 |
Key Emp
|
$348,271 | $35,514 | $383,785 |
| Christopher Ichien | VP OF LIFE PLAN OPERATIONS | 38.0 |
Key Emp
|
$321,974 | $43,680 | $365,654 |
| Sally Plank | EXECUTIVE DIRECTOR | 13.0 |
Highest
|
$0 | $22,249 | $335,254 |
| Christopher Dana | VP OF IT | 33.0 |
Key Emp
|
$258,563 | $73,964 | $332,527 |
| Winston Hughes | VP INFORMATION TECHNOLOGY | 13.0 |
Highest
|
$0 | $28,309 | $306,072 |
| Jonathan Casey | VP FINANCE AFFORDABLE HOUSing | 5.0 |
Key Emp
|
$241,151 | $49,252 | $290,403 |
| Prabhjot K Brinton | VP OF HR | 35.0 |
Key Emp
|
$249,057 | $38,424 | $287,481 |
| Eddie Okada | DIRECTOR FINANCIAL PLANNING | 13.0 |
Highest
|
$0 | $19,152 | $281,274 |
| Linda Hibbs | EXECUTIVE DIRECTOR WH | 40.0 |
Key Emp
|
$220,434 | $16,074 | $236,508 |
| Karim Sultan | VP-AH - END:Jan 2022 | 5.0 |
Key Emp
|
$216,226 | $19,099 | $235,325 |
| Christina Spence | EXECUTIVE DIRECTOR SFT | 40.0 |
Key Emp
|
$211,971 | $10,798 | $222,769 |
| Jerry Brown | Sr. Director-AH - END:Jan 2022 | 5.0 |
Highest
|
$201,781 | $11,234 | $213,015 |
| Elvyra Abare | EXECUTIVE DIRECTOR CW | 40.0 |
Key Emp
|
$186,912 | $16,181 | $203,093 |
| Sheila Pederson | Rev. Cycle Dir. - END:Dec 2021 | 40.0 |
Key Emp
|
$158,024 | $21,880 | $179,904 |
| Toni Eslick | Human Resources Director | 35.0 |
Key Emp
|
$170,085 | $8,496 | $178,581 |
| Linda McMenamin | Senior Living Counselor | 40.0 |
Key Emp
|
$156,235 | $16,151 | $172,386 |
| Michael Cataldo | EXEC. Dir.-SLV - END:July 2021 | 40.0 |
Key Emp
|
$164,167 | $5,079 | $169,246 |
| PETER DUNCKEL | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| NANCY DURANTEAU | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| VINCE FORTE | VICE CHAIR | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| JOANNE HANDY | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| MARY ELLEN HEISING | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| LAURA JACOBS | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| JIMMIE KENNEDY | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| KEVIN KROEKER | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| MARION MCGOVERN | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| KAY MURPHY | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| DEBORAH PROCTOR | CHAIR | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| SUANNE RAMAR | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| LANNIE TONNU | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| OLIVER WESSON JR | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| Susan Whittaker | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2022 | $275,832,129 | $144,169,290 | No data | $131,662,839 |
| 2021 | $149,175,051 | $142,096,298 | $513,867,587 | $7,078,753 |
| 2020 | $147,771,280 | $144,045,741 | $466,296,281 | $3,725,539 |
| 2019 | $153,761,637 | $173,012,536 | $494,088,394 | $-19,250,899 |
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