COVENANT RETIREMENT COMMUNITIES INC: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- COVENANT RETIREMENT COMMUNITIES INC (EIN 36-3478388)
- Tax period
- 2013-02-01 to 2014-01-31
- Filed
- 2014-12-11
- IRS object ID
- 201413459349300426
- Schema version
- 2013v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule D
- Schedule I
- Schedule J
- Schedule K
- Schedule K
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-12-11T13:02:40-06:00 | ReturnTs |
| Tax Period End | 2014-01-31 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-02-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 363478388 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Covenant Retirement Communities Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | COVE | BusinessNameControlTxt |
| Phone | 7738782294 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5700 Old Orchard Rd | AddressLine1 |
| City | Skokie | City |
| State | IL | State |
| ZIP Code | 60077 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Elizabeth Buikema | PersonNm |
| Person Title | VP of Finance/CFO | PersonTitleTxt |
| Phone | 7738782294 | PhoneNum |
| Signature | 2014-12-11 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Elizabeth Buikema | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | c/o CRC 5700 Old Orchard Rd | AddressLine1 |
| City | Skokie | City |
| State | IL | State |
| ZIP Code | 60077 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $44,736,737 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Group Exemption | 2650 | GroupExemptionNum |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.covenantretirement.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1980 | FormationYr |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Activity Or Mission | Care for senior adults. | ActivityOrMissionDesc |
| Voting Members Governing Body | 21 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 17 | VotingMembersIndependentCnt |
| Total Employee | 112 | TotalEmployeeCnt |
| Total Volunteers | 17 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $16,894 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $19,025,018 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $21,176,552 | CYProgramServiceRevenueAmt |
| PY Investment Income | $16,551,319 | PYInvestmentIncomeAmt |
| CY Investment Income | $23,081,157 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,326,901 | PYOtherRevenueAmt |
| CY Other Revenue | $150,830 | CYOtherRevenueAmt |
| PY Total Revenue | $36,920,132 | PYTotalRevenueAmt |
| CY Total Revenue | $44,408,539 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $12,550 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $11,701 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $7,716,962 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $8,115,312 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $454,846 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $21,453,520 | PYOtherExpensesAmt |
| CY Other Expenses | $15,574,309 | CYOtherExpensesAmt |
| PY Total Expenses | $29,183,032 | PYTotalExpensesAmt |
| CY Total Expenses | $23,701,322 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $7,737,100 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $20,707,217 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $127,258,395 | TotalAssetsBOYAmt |
| Total Assets EOY | $111,415,110 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $113,395,186 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $76,782,041 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $13,863,209 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $34,633,069 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | As a ministry of the Evangelical Covenant Church, Covenant Retirement Communities 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) | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $20,802,674 | ExpenseAmt |
| Grant | $11,701 | GrantAmt |
| Revenue | $18,326,391 | RevenueAmt |
| Desc | The number of persons residing at the continuing care retirement communities, operated by Covenant Retirement Communities, Inc. (CRC), who benefited from the services we provided for the year ended January 31, 2014 were as follows:Residential & Catered Living: There were a total of 3,386 residents, occupying 2,605 apartments at 01/31/2014. Residency for the fiscal year totaled 1,198,117 resident days.Assisted Living: There were a total of 644 assisted living residents at 01/31/2014. Assisted living residency for the fiscal year totaled 230,967 patient days.Skilled Nursing: There were a total of 700 skilled care patients at 01/31/2014. Skilled care residency for the fiscal year totaled 259,739 patient days. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,347,367 | ExpenseAmt |
| Revenue | $3,010,701 | RevenueAmt |
| Desc | Estates of Windsor Park:The number of persons who benefited from the services we provided for the year ended January 31, 2014 were as follows:There were a total of 89 residents, occupying 60 apartments at 01/31/2014. Residency for the fiscal year totaled 33,397 resident days. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | - Monetary Donations to a various organizations/events such asEvangelical Covenant Church, Covenant Village of Turlock, Covenant Harbor and Swedish Covenant Hospital (total of $11,701) | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $22,150,041 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | Yes (1) | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 65 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 112 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | BD | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 21 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 17 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Elizabeth Buikema | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7738782294 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O CRC 5700 Old Orchard Rd | AddressLine1 |
| City | Skokie | City |
| State | IL | State |
| ZIP Code | 60077 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (31 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| Jon P Aagaard MD | ||||||||
| Director | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Rev Richard B Berry | ||||||||
| Director | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Pamela Christensen | ||||||||
| Director | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Kara E Davis MD | ||||||||
| Director | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Rev Harvey Drake | ||||||||
| Director | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Mark C Eastburg | ||||||||
| Director | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| James Elving | ||||||||
| Director | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Marc E Espinosa | ||||||||
| Director | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Carol A Findling | ||||||||
| Director | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Lorene G Flewellen | ||||||||
| Director | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Rhoda Friesen | ||||||||
| Director | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Thomas F Heywood | ||||||||
| Director | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Donald Hodgkinson | ||||||||
| Director | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Kathy Holmgren | ||||||||
| Director | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Jody Holt | ||||||||
| Director | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Cletus J Moll | ||||||||
| Director | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Marlene Stante | ||||||||
| Director | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Anne Vining | ||||||||
| Director | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| David A Dwight | ||||||||
| Ex-Officio | 1.00 | 40.00 | Yes (X) | $0 | $829,154 | $35,518 | ||
| Rick K Fisk | ||||||||
| Ex-Officio/President | 40.00 | 1.00 | Yes (X) | $0 | $591,314 | $20,510 | Yes (X) | |
| Scott Macdonald | ||||||||
| Ex-Officio | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Gary Walter | ||||||||
| Ex-Officio | 1.00 | 40.00 | Yes (X) | $0 | $148,198 | $108,038 | ||
| Terri S Cunliffe | ||||||||
| EVP of Oper/Asst Sec | 40.00 | 1.00 | $291,900 | $0 | $46,580 | Yes (X) | ||
| Elizabeth B Buikema | ||||||||
| Senior VP/CFO/Treasurer | 40.00 | 1.00 | $286,641 | $0 | $51,818 | Yes (X) | ||
| David G Erickson | ||||||||
| VP/Asst Secretary | 40.00 | 1.00 | $216,079 | $0 | $44,087 | Yes (X) | ||
| Kathleen Jenkins | ||||||||
| Dir Admin Srvcs/Asst Secretary | 40.00 | 1.00 | $139,833 | $0 | $16,572 | Yes (X) | ||
| Sneha Patel | ||||||||
| Chief Information Officer | 40.00 | 1.00 | $182,728 | $0 | $37,308 | Yes (X) | ||
| Thomas V Pluta | ||||||||
| AVP-Strategic Fin Planning | 40.00 | 1.00 | $177,274 | $0 | $25,042 | Yes (X) | ||
| Randal Gross | ||||||||
| VP-Facilities Mngt | 40.00 | 1.00 | $181,513 | $0 | $34,419 | Yes (X) | ||
| Elizabeth A Malzahn | ||||||||
| Nat. Dir. - Healthcare | 40.00 | 1.00 | $144,617 | $0 | $20,141 | Yes (X) | ||
| Robert J Wall | ||||||||
| Dir. - IT Infrastructure | 40.00 | 1.00 | $147,896 | $0 | $26,030 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,768,481 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $1,568,666 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $466,063 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 24 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Moving Station LLC | |||||
| 100 N LaSalle Street Suite 300 | Chicago | IL | 60602 | Home Purchase Program | $355,980 |
| Erickson Papanek Peterson Rose | |||||
| 1625 Shermer Road | Northbrook | IL | 60062 | Legal Consultants | $342,843 |
| MRC Development LLC | |||||
| 11827 W 112th Street Suite 103 | Overland Park | KS | 66210 | Consultants | $303,320 |
| Plante & Moran PLLC | |||||
| 2155 Point Blvd Suite 200 | Elgin | IL | 60123 | Financial Auditing | $187,500 |
| MD Reynolds Consulting | |||||
| 1719 Chardonnay Lane | Brentwood | CA | 94513 | Consultants | $140,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 8 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Management Fees | 561000 | $18,185,433 | $18,185,433 |
| Routine Services | 623000 | $2,119,970 | $2,119,970 |
| Entrance Fee | 623000 | $868,502 | $868,502 |
| Ancillary Service | 623000 | $2,647 | $2,647 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $21,176,552 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $18,827,859 | TotalRevenueColumnAmt |
| Exclusion | $18,827,859 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $318,488 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $328,198 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$9,710 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$9,710 | TotalRevenueColumnAmt |
| Exclusion | -$9,710 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,151,297 | SecuritiesAmt |
| Other | $102,001 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,151,297 | SecuritiesAmt |
| Other | $102,001 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,253,298 | TotalRevenueColumnAmt |
| Exclusion | $4,253,298 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Support Services | 623000 | $2,534 | $2,534 |
| Services to Residents | 623000 | $1,424 | $1,424 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $156,582 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $156,582 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $160,540 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $44,408,539 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $21,337,092 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $23,071,447 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,701 | TotalAmt |
| Program Services | $11,701 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,082,113 | TotalAmt |
| Program Services | $1,082,113 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,339,859 | TotalAmt |
| Program Services | $5,082,445 | ProgramServicesAmt |
| Management And General | $119,586 | ManagementAndGeneralAmt |
| Fundraising | $137,828 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $299,542 | TotalAmt |
| Program Services | $289,148 | ProgramServicesAmt |
| Management And General | $3,761 | ManagementAndGeneralAmt |
| Fundraising | $6,633 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $972,370 | TotalAmt |
| Program Services | $918,944 | ProgramServicesAmt |
| Management And General | $13,153 | ManagementAndGeneralAmt |
| Fundraising | $40,273 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $421,428 | TotalAmt |
| Program Services | $402,962 | ProgramServicesAmt |
| Management And General | $8,265 | ManagementAndGeneralAmt |
| Fundraising | $10,201 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,121 | TotalAmt |
| Program Services | $50,121 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $296,436 | TotalAmt |
| Program Services | $295,666 | ProgramServicesAmt |
| Management And General | $770 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,518 | TotalAmt |
| Program Services | $11,233 | ProgramServicesAmt |
| Management And General | $1,285 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $410,952 | TotalAmt |
| Program Services | $410,952 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,069,455 | TotalAmt |
| Program Services | $1,054,316 | ProgramServicesAmt |
| Management And General | $496 | ManagementAndGeneralAmt |
| Fundraising | $14,643 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $55,194 | TotalAmt |
| Program Services | $55,194 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $498,490 | TotalAmt |
| Program Services | $473,838 | ProgramServicesAmt |
| Management And General | $20,575 | ManagementAndGeneralAmt |
| Fundraising | $4,077 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,064,103 | TotalAmt |
| Program Services | $4,064,103 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $279,788 | TotalAmt |
| Program Services | $279,788 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $892,222 | TotalAmt |
| Program Services | $858,886 | ProgramServicesAmt |
| Fundraising | $33,336 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $63,553 | TotalAmt |
| Program Services | $61,003 | ProgramServicesAmt |
| Management And General | $1,538 | ManagementAndGeneralAmt |
| Fundraising | $1,012 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,704,369 | TotalAmt |
| Program Services | $3,328,097 | ProgramServicesAmt |
| Management And General | $309,212 | ManagementAndGeneralAmt |
| Fundraising | $67,060 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,638,311 | TotalAmt |
| Program Services | $2,316,633 | ProgramServicesAmt |
| Management And General | $270,368 | ManagementAndGeneralAmt |
| Fundraising | $51,310 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $78,132 | TotalAmt |
| Program Services | $78,132 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Related Party Activity | $375,480 | $250,872 | $124,608 | $0 |
| Taxes | $350,575 | $128,164 | $222,411 | |
| Resident Care Services | $193,384 | $193,384 | ||
| Admin & General | $151,277 | $151,277 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $389,949 | TotalAmt |
| Program Services | $301,069 | ProgramServicesAmt |
| Management And General | $407 | ManagementAndGeneralAmt |
| Fundraising | $88,473 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,701,322 | TotalAmt |
| Program Services | $22,150,041 | ProgramServicesAmt |
| Management And General | $1,096,435 | ManagementAndGeneralAmt |
| Fundraising | $454,846 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,115,085 | BOYAmt |
| EOY | $8,432,414 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $468,962 | BOYAmt |
| EOY | $274,263 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,814 | BOYAmt |
| EOY | $21,451 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $614,398 | BOYAmt |
| EOY | $873,876 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,500 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,747,281 | BOYAmt |
| EOY | $4,130,738 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $48,127,088 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $13,983,377 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,524,466 | BOYAmt |
| EOY | $34,143,711 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,007,451 | BOYAmt |
| EOY | $13,008,854 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,201,966 | BOYAmt |
| EOY | $12,971,455 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $49,551,472 | BOYAmt |
| EOY | $37,558,348 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $127,258,395 | BOYAmt |
| EOY | $111,415,110 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,154,029 | BOYAmt |
| EOY | $11,011,271 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,121,029 | BOYAmt |
| EOY | $9,513,614 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,810,712 | BOYAmt |
| EOY | $18,987,350 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $414,080 | BOYAmt |
| EOY | $414,080 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $54,895,336 | BOYAmt |
| EOY | $36,855,726 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $113,395,186 | BOYAmt |
| EOY | $76,782,041 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,026,948 | BOYAmt |
| EOY | $29,610,760 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $378,714 | BOYAmt |
| EOY | $379,987 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,457,547 | BOYAmt |
| EOY | $4,642,322 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,863,209 | BOYAmt |
| EOY | $34,633,069 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $127,258,395 | BOYAmt |
| EOY | $111,415,110 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $20,707,217 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $62,643 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type2 | Yes (X) | SupportingOrgType2Ind |
| Certification | Yes (X) | CertificationInd |
| Contribution Controller | 0 | ContributionControllerInd |
| Contribution Family | 0 | ContributionFamilyInd |
| Contribution35 Controlled | 0 | Contribution35ControlledInd |
Supported Org Information SupportedOrgInformationGrp (14 entries)
| EINEIN | Organization TypeOrganizationTypeDesc | Governing Document ListedGoverningDocumentListedInd | Supported Org NotifiedSupportedOrgNotifiedInd | US OrganizedUSOrganizedInd | SupportSupportAmt |
|---|---|---|---|---|---|
| Colonial Acres Home Inc | |||||
| 418041150 | 9 | Yes (1) | Yes (1) | Yes (1) | $0 |
| Bethany Covenant Home | |||||
| 410706103 | 9 | Yes (1) | Yes (1) | Yes (1) | $0 |
| Covenant Village of Florida | |||||
| 521115870 | 9 | Yes (1) | Yes (1) | Yes (1) | $0 |
| Covenant Home Illinois | |||||
| 362643638 | 9 | Yes (1) | Yes (1) | Yes (1) | $0 |
| Covenant Healthcare Centers Inc | |||||
| 521115873 | 9 | Yes (1) | Yes (1) | Yes (1) | $0 |
| The Holmstad | |||||
| 362835154 | 9 | Yes (1) | Yes (1) | Yes (1) | $0 |
| Covenant Home of Chicago | |||||
| 363095932 | 9 | Yes (1) | Yes (1) | Yes (1) | $0 |
| Covenant Home Inc Connecticut | |||||
| 131740015 | 9 | Yes (1) | Yes (1) | Yes (1) | $0 |
| Covenant Retirement Communities West | |||||
| 953472345 | 9 | Yes (1) | Yes (1) | Yes (1) | $0 |
| Covenant Village of Colorado | |||||
| 841084331 | 9 | Yes (1) | Yes (1) | Yes (1) | $0 |
| Windsor Park | |||||
| 363385581 | 9 | Yes (1) | Yes (1) | Yes (1) | $0 |
| Covenant Retirement Communities of the Great Lakes Conference | |||||
| 383244636 | 9 | Yes (1) | Yes (1) | Yes (1) | $0 |
| Covenant Home Services | |||||
| 260744025 | 9 | Yes (1) | Yes (1) | Yes (1) | $0 |
| Covenant Retirement Services | |||||
| 272480652 | 11 | Yes (1) | Yes (1) | Yes (1) | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 14 | SupportedOrganizationsTotalCnt |
| Support Sum | $0 | SupportSumAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $4,450,347 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $214,023 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$22,048 | GrantsOrScholarshipsAmt |
| End Year Balance | $4,642,322 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $4,007,505 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $463,870 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$21,028 | GrantsOrScholarshipsAmt |
| End Year Balance | $4,450,347 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $3,904,764 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $123,480 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$20,739 | GrantsOrScholarshipsAmt |
| End Year Balance | $4,007,505 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $3,478,405 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $446,318 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$19,959 | GrantsOrScholarshipsAmt |
| End Year Balance | $3,904,764 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,752,445 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $752,986 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | -$27,026 | GrantsOrScholarshipsAmt |
| End Year Balance | $3,478,405 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,201,158 | OtherCostOrOtherBasisAmt |
| Book Value | $9,201,158 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $24,437,158 | OtherCostOrOtherBasisAmt |
| Depreciation | $5,704,563 | DepreciationAmt |
| Book Value | $18,732,595 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,580,182 | OtherCostOrOtherBasisAmt |
| Depreciation | $8,209,707 | DepreciationAmt |
| Book Value | $3,370,475 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,908,590 | OtherCostOrOtherBasisAmt |
| Depreciation | $69,107 | DepreciationAmt |
| Book Value | $2,839,483 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $34,143,711 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (6 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Mortgages | $1,516,770 | F |
| Domestic Equity | $2,220,517 | F |
| International Equity | $3,202,550 | F |
| Hedge Funds & Derivatives | $3,929,515 | F |
| Private Equity | $1,946,175 | F |
| International Real Estate | $155,928 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $12,971,455 | TotalBookValueSecuritiesAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| Unamortized Debt & Related Expenses | $254,271 |
| Other Investments | $21,122,318 |
| Inter-company Advance Accounts | $16,181,759 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $37,558,348 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| Refundable Contract Liabilities | $2,599,421 |
| Accrued Taxes & Employee Benefits | $577,097 |
| Other Liabilities | $33,679,208 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $36,855,726 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part IV, Line 2b: | Explanation: Resident Entrance Fee Account: Prospective residents pay an application fee deposit which is carried in an escrow account. At move in, the deposit is applied against the total entrance fee amount and the remainder of the money is collected and put in this account. At the end of the month the resident has moved in, all money is transferred out of the escrow account. |
| Part V, Line 4: | The Brandel Endowment Fund is used for resident care at one of the CRC campuses. |
| Part X, Line 2: | A FIN 48 footnote was included in the consolidated audited financial statements of Covenant Retirement Communities, Inc. and affiliates which states: "Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Retirement Communities and recognize a tax liability if the Retirement Communities have taken an uncertain position that more likely than not would not be sustained upon examination by the IRS or other applicable taxing authorities. Management has analyzed the tax positions taken by the Retirement Communities and has concluded that as of January 31, 2014, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the consolidated financial statements. The Retirement communities are subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Retirement Communities believe they are no longer subject to U.S. federal, state, and local, or non-U.S. income tax examinations by tax authorities for years before 2011." |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Swedish Covenant Hospital | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5145 N California Ave | AddressLine1 |
| City | Chicago | City |
| State | IL | State |
| ZIP Code | 60625 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRC Section | 501(c)(3) | IRCSectionDesc |
| Cash Grant | $5,000 | CashGrantAmt |
| Purpose Of Grant | Benefit Gala | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | Grants and donation requests and proposals are brought to Covenant Retirement Communities'(CRC) management. The management then brings requests and proposals deemed appropriate to the CRC Board for approval, if significant. A check goes out after the appropriate level of approval is received. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (12 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| David A Dwight | ||||||||||||||
| Ex-Officio | $0 | $515,357 | $0 | $0 | $0 | $313,797 | $0 | $7,650 | $0 | $27,868 | $0 | $864,672 | $0 | $13,274 |
| Rick K Fisk | ||||||||||||||
| Ex-Officio/President | $0 | $432,480 | $0 | $56,263 | $0 | $102,571 | $0 | $9,286 | $0 | $21,145 | $0 | $621,745 | $0 | $0 |
| Gary Walter | ||||||||||||||
| Ex-Officio | $0 | $148,198 | $0 | $0 | $0 | $0 | $0 | $22,230 | $0 | $85,808 | $0 | $256,236 | $0 | $0 |
| Terri S Cunliffe | ||||||||||||||
| EVP of Oper/Asst Sec | $229,480 | $0 | $17,400 | $0 | $45,020 | $0 | $29,700 | $0 | $19,309 | $0 | $340,909 | $0 | $0 | $0 |
| Elizabeth B Buikema | ||||||||||||||
| Senior VP/CFO/Treasurer | $228,915 | $0 | $23,750 | $0 | $33,976 | $0 | $28,600 | $0 | $26,551 | $0 | $341,792 | $0 | $0 | $0 |
| David G Erickson | ||||||||||||||
| VP/Asst Secretary | $167,268 | $0 | $21,600 | $0 | $27,211 | $0 | $21,569 | $0 | $27,995 | $0 | $265,643 | $0 | $0 | $0 |
| Kathleen Jenkins | ||||||||||||||
| Dir Admin Srvcs/Asst Secretary | $87,263 | $0 | $7,500 | $0 | $45,070 | $0 | $3,447 | $0 | $15,636 | $0 | $158,916 | $0 | $13,817 | $0 |
| Sneha Patel | ||||||||||||||
| Chief Information Officer | $145,594 | $0 | $5,000 | $0 | $32,134 | $0 | $18,034 | $0 | $21,527 | $0 | $222,289 | $0 | $11,726 | $0 |
| Thomas V Pluta | ||||||||||||||
| AVP-Strategic Fin Planning | $133,201 | $0 | $7,500 | $0 | $36,573 | $0 | $17,867 | $0 | $12,755 | $0 | $207,896 | $0 | $0 | $0 |
| Randal Gross | ||||||||||||||
| VP-Facilities Mngt | $135,105 | $0 | $13,300 | $0 | $33,108 | $0 | $18,289 | $0 | $20,366 | $0 | $220,168 | $0 | $0 | $0 |
| Elizabeth A Malzahn | ||||||||||||||
| Nat. Dir. - Healthcare | $122,783 | $0 | $4,000 | $0 | $17,834 | $0 | $4,262 | $0 | $16,959 | $0 | $165,838 | $0 | $0 | $0 |
| Robert J Wall | ||||||||||||||
| Dir. - IT Infrastructure | $113,322 | $0 | $7,000 | $0 | $27,574 | $0 | $15,787 | $0 | $13,194 | $0 | $176,877 | $0 | $1,530 | $0 |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 1a | The following are available benefits and are treated as taxable compensation: - Travel for companion paid for two (2) senior-level employees. - Health club dues paid for six (6) senior-level employees. |
| Part I, Line 3 | See Schedule O explanation for Form 990 Part VI Section B Line 15 for the methods used to determine CEO compensation. |
| Part I, Line 4b | Executive Benefit Plan Covenant Ministries of Benevolence (CMB) provides certain supplemental retirement benefits to its officers and key employees. These benefits are provided through a nonqualified deferred compensation plan, under which a portion of the benefits being earned are subject to a "substantial risk of forfeiture." The supplemental retirement benefits are structured to provide a retention incentive that has been determined by the Compensation Committee of CMB's Board to be of substantial value to the organization. The Committee approves all retirement benefits, together with all other forms of compensation and benefits for these and other executives, in a manner intended to qualify for the rebuttable presumption of reasonableness under the intermediate sanctions rules of federal income tax law. The following listed individuals participated in the Executive Benefit Plan: David Dwight - $64,611 Rick Fisk - $54,257 Terri Cunliffe - $25,682 Elizabeth Buikema - $25,464 David Erickson - $21,995 Kathleen Jenkins - $ 9,837 Sneha Patel - $16,019 Thomas Pluta - $19,007 Randal Gross - $18,832 Robert Wall - $15,777 |
| Part I, Line 7 | The following applies to certain individuals listed on Part VII whose compensation is paid from related organizations: The Executive Compensation Committee (the "Committee") follows a prescribed method for calculating bonuses. The calculation is based on measurable targets determined at the beginning of the year. The Committee has the ability to adjust the dollar value of the calculated awards by up to 10%. The adjustment can be an upward or downward adjustment based on various performance factors. Refer to additional information on the Committee included in Schedule O. |
| Part II Column B (i): | Base compensation for certain individuals may include payments from deferred compensation plans. |
| Part II, Column B (ii): | Bonus and incentive compensation - Certain key persons employed by CRC are eligible for incentive compensation as determined by the CRC Board Compensation Committee. Incentives paid in 2013 relate to the achievement of targets for the fiscal year ended 1/31/2013. |
| Part II, Column D: | Nontaxable benefits include health insurance premiums paid by the employer and employee. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| Illinois Finance Authority | ||||||||
| A | 861091967 | 000000000 | 2011-12-14 | $59,165,000 | See Part VI | 0 | 0 | 0 |
| Colorado Health Facilities Authority | ||||||||
| B | 840752932 | 196474ZS9 | 2005-08-05 | $149,845,454 | See Part VI | 0 | 0 | 0 |
| Colorado Health Facilities Authority | ||||||||
| C | 840752932 | 19648AZM0 | 2012-09-06 | $154,966,180 | See Part VI | 0 | 0 | 0 |
| Colorado Health Facilities Authority | ||||||||
| D | 840752932 | 19648AJ30 | 2013-07-31 | $39,480,962 | See Part VI | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Current RefundingCurrentRefundingInd | Advance RefundingAdvanceRefundingInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | In Reserve FundInReserveFundAmt | UnspentUnspentAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $2,145,000 | $59,167,012 | $800,459 | $6,400,943 | $51,963,598 | 2012 | Yes (1) | 0 | Yes (1) | Yes (1) | ||
| B | $27,865,000 | $149,290,577 | $2,429,078 | $134,547,402 | 2009 | 0 | 0 | Yes (1) | Yes (1) | $12,249,560 | ||
| C | $2,880,000 | $155,089,193 | $2,447,778 | $18,756,044 | $117,591,400 | Yes (1) | 0 | 0 | Yes (1) | $15,048,709 | $1,245,262 | |
| D | $37,485,609 | $788,403 | $12,123,763 | 0 | 0 | 0 | Yes (1) | $1,959,535 | $22,613,908 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | Yes (1) | Yes (1) | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | 0 |
| B | 0 | 0 | Yes (1) | Yes (1) | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | 0 |
| C | 0 | 0 | Yes (1) | Yes (1) | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | 0 |
| D | 0 | 0 | Yes (1) | Yes (1) | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | 0 |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | 0 |
| B | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 |
| C | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | 0 |
| B | 0 |
| C | 0 |
Supplemental Information Detail SupplementalInformationDetail (15 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Date Rebate Computation Performed | Issuer Name: Illinois Finance Authority Date the Rebate Computation was Performed: 12/31/2012 Issuer Name: Colorado Health Facilities Authority Date the Rebate Computation was Performed: 12/31/2010 |
| Part I, Row A, Column F | Borrowings were used, along with other funds, to (1) retire $53,285,000 of other variable rate debt recorded on the balance sheets of wholly owned subsidiaries of CRC (2) to pay debt issuance costs of $800,459 and (3) to fund capital projects of $6,401,003 for certain wholly owned subsidiaries of CRC. |
| Part I, Row B, Column F | Borrowings were used to (1) construct and equip residential living buildings for six wholly owned subsidiaries of CRC (2) to pay debt issuance costs of $2,429,078 and to fund required bond reserves. |
| Part I, Row C, Column F | Borrowings were used, along with other funds, to (1) retire $131,220,000 of previously issued debt recorded on the balance sheets of wholly owned subsidiaries of CRC (2) to pay debt issuance costs of $2,447,778 and (3) construct and equip residential and healthcare facilities for certain wholly owned subsidiaries of CRC |
| Part I, Row D, Column F | Borrowings are for the construction of a residential living towncenter, to fund routine capital and to pay debt issuance costs of $788,403. |
| Part I, Row A-2, Column F | Borrowings are for the construction of a residential living towncenter, to fund routine capital and to pay debt issuance costs of $406,244. |
| Part II, Line 3, Column A | The amount in Line 3 does not equal the amount in Part I, Row A, Col E because of investment earnings on reserves. |
| Part II Line 3 Column B | The amount in Line 3 does not equal the amount in Part I, Row B, Col E because CRC redeemed and retired $12,650,000 of the 2005 Bonds, which reduced the amount required to be held in the debt service reserve fund. The amount in excess of the reserve fund requirement was used to redeem and retire a portion of the 2005 Bonds. Additionally, investment earnings on the reserve fund were transferred to the bond sinking fund and bond interest fund to pay principal and interest on the 2005 Bonds. |
| Part II Line 3 Column C | The amount in Line 3 does not equal the amount in Part I, Row C, Col E because of unrealized investment losses on reserves. |
| Part II, Line 3, Column D | The amount in Line 3 does not equal the amount in Part I, Row D, Col E because of unrealized investment earnings/losses on reserves |
| Part V | CRC does not have a established written procedures regarding corrective action, but CRC has adequate practices in place to prevent a need for corrective action. CRC is working on developing written procedures. |
| Part II Line 16 Column C, D, A-2 | The final allocation of proceeds to wholly owned subsidiaries of CRC has not been made as of January 31, 2014. |
| Part III, Line 9 & Part IV, Line 7 & Part V | CRC does not have established written procedures but is in the process of developing documentation. |
| Part IV, Line 2a, Column C, D, A-2 | A rebate calculation has not been completed as it is not due. |
| Part II, Line 3, Column A-2 | The amount in Line 3 does not equal the amount in Part I, Row A-2, Col E because of unrealized investment earnings/losses on reserves. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | California Statewide Communities Development Authority | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 680164610 | BondIssuerEIN |
| CUSIP | 13080SAU8 | CUSIPNum |
| Bond Issued | 2013-07-31 | BondIssuedDt |
| Issue Price | $20,251,431 | IssuePriceAmt |
| Purpose | See Part VI | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | $20,147,876 | TotalProceedsAmt |
| In Reserve Fund | $1,298,275 | InReserveFundAmt |
| Issuance Costs From Proceeds | $406,244 | IssuanceCostsFromProceedsAmt |
| Capital Expenditures | $4,107,977 | CapitalExpendituresAmt |
| Unspent | $14,335,380 | UnspentAmt |
| Current Refunding | 0 | CurrentRefundingInd |
| Advance Refunding | 0 | AdvanceRefundingInd |
| Final Allocation Made | 0 | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | Yes (1) | MgmtContractBondFincdPropInd |
| Engage Bond Counsel Contracts | Yes (1) | EngageBondCounselContractsInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Private Bus Use By Others | 0.00000 | PrivateBusUseByOthersPct |
| Private Bus Concerning UBI | 0.00000 | PrivateBusConcerningUBIPct |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | 0 | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | Yes (1) | RebateNotDueYetInd |
| Exception To Rebate | 0 | ExceptionToRebateInd |
| No Rebate Due | 0 | NoRebateDueInd |
| Variable Rate Issue | 0 | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | 0 | WrittenProcToMonitorReqsInd |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Grant Erickson | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | See Part V | RelationshipDescriptionTxt |
| Transaction | $342,873 | TransactionAmt |
| Transaction | See Part V | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Sch L Part IV (b) and (d) | FormAndLineReferenceDesc |
| Explanation | a) Name of Person: Grant Ericksonb) Relationship Between Interested Person and Organization: Familymember of David Erickson (Vice President & Assistant Secretary)c) Amount of Transaction: $342,843d) Description of Transaction: Partner in a law firm that provideslegal counsel to the organization. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990 - Part III - Line 1 | As a ministry of the Evangelical Covenant Church, Covenant Retirement Communities 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. CRC, Inc. is organized and operated for the benefit of, and to plan and support the charitable purposes of, several continuing care retirement communities, all nonprofit organizations, consisting of residential living, assisted living facilities, and skilled nursing homes, as well as other senior services organizations and services. In addition to the program service accomplishments of each organization, Covenant Retirement Communities, Inc., provided $5,598,763 of free or discounted services to those residents unable to pay all or a portion of their charges, and who meet certain eligibility requirements. |
| Form 990, Part VI, Section A, line 6 | The members are the individual members of the Board of Benevolence. |
| Form 990, Part VI, Section A, line 7a | The individual members of the Board of Benevolence elect the CRC Board of Directors. |
| Form 990, Part VI, Section A, line 7b | S 2.4 of Bylaws include reserved powers to the members such as appointment of president of Covenant Retirement Communities, Inc. (CRC), changes to mission and strategic plan, approval of certain acquisitions, dispositions and financings, changes to articles and bylaws. |
| Form 990, Part VI, Section B, line 11 | Management Review: The draft Form 990 was reviewed by multiple levels of management including the President of CRC, the Vice President of Finance/CFO and the Vice President of Legal Affairs. Board Review: Prior to filing, key provisions of the Form were discussed with the Board of Directors at the Board meeting and the final Form 990 was provided to each Board member. |
| Form 990, Part VI, Section B, line 12c | Covenant Retirement Communities, Inc. (CRC) has an Administrative Policy on conflict of interest, identifying the parameters of a conflict of interest and the requirement to disclose any such conflict of interest. Each January, the CRC policy is distributed to CRC board members and officers. They are asked to sign acknowledging receipt of the policy and to disclose if they have any conflict of interests. If someone is absent from the meeting or fails to return the acknowledgment, there is a follow-up with the individual until the signed acknowledgment is provided. In addition to the above, a separate and more comprehensive questionnaire is sent to the board members, officers, key employees and other interested persons. The completed questionnaires are reviewed by CRC's legal counsel to determine if any actual or potential conflicts exist. If a person becomes an interested person, he or she may be considered in determining whether a quorum is present. The interested person may make a short statement relating to the transaction or arrangement in question, but shall not be present during the discussion and shall not vote on the motion addressing the actual or potential conflict. |
| Form 990, Part VI, Section B, line 15 | CRC's Board of Directors has duly appointed an Executive Compensation Committee (the "Committee"), which is responsible for the review and approval of all compensation and benefits provided to CRC's executive management. The Committee has adopted a written Executive Compensation Philosophy Statement and an Executive Compensation Committee Charter governing the work and review process of the Committee. The Committee follows the procedures described in the Philosophy Statement and the Charter when it reviews and approves the compensation and employee benefits provided to the CRC's senior management. The Committee's review analyzes every element of compensation, including current and deferred compensation, and benefits, including qualified and non-qualified benefits. The Committee conducts its review and approval process at least annually, and approves compensation and benefits only to the extent that the Committee has concluded that the compensation and benefits constitute no more than reasonable compensation for each executive. The Committee consists entirely of disinterested members of the Board, and the Committee works with an independent compensation consultant to prepare and review in advance comprehensive data showing the compensation provided by similarly situated organizations for functionally similar positions. The Committee also prepares a timely and thorough written record of its deliberations and conclusions. As a result, the Committee's review process is designed to satisfy the procedural criteria necessary to qualify for the rebuttable presumption of reasonableness under the federal income tax law intermediate sanctions rules. The resources utilized by the compensation Committee include: 1) independent compensation consultant; 2) written employment contract; 3) compensation survey or study; 4) approval by the board or compensation committee. |
| Form 990, Part VI, Section C, line 18 | A copy of the organization's Form 990 is available upon request by contacting the CRC accounting department at 773-878-5744. |
| Form 990, Part VI, Section C, line 19 | The governing documents, conflict of interest policy and financial statements are available upon request by contacting the CRC accounting department at 773-878-5744. |
| Form 990 - Part VII - Section A Column B | Officers and Directors devote approximately 1 hour per week to related organizations except for those individuals that are employees of these related organizations; those individuals devote approximately 40 hours to the organizations at which they are employed. |
| Form 990, Part XI, line 9: | Change in Temporarily Restricted Net Assets not included on Income Stmnt 1,273. Change in Permanently Restricted Net Assets not included on Income Stmnt 184,775. Adj to URNA for Adoption of Accounting Pronouncement -123,405. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Estates of Windsor Park | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5700 Old Orchard Road | AddressLine1 |
| City | Skokie | City |
| State | IL | State |
| ZIP Code | 60077 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 363478388 | EIN |
| Primary Activities | Residential Senior Services | PrimaryActivitiesTxt |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Total Income | $3,206,306 | TotalIncomeAmt |
| End Of Year Assets | $26,433,117 | EndOfYearAssetsAmt |
| Direct Controlling NA | N/A | DirectControllingNACd |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (5 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Evangelical Covenant Church | |||||||||||
| 8303 West Higgins Road | Chicago | IL | 60631 | 362167730 | Church | IL | 501(c)(3) | Line 1 | N/A | 0 | |
| Swedish Covenant Faculty Group (SCFG) | |||||||||||
| 5145 North California Avenue | Chicago | IL | 60625 | 363686216 | Patient Treatment/Education | IL | 501(c)(3) | Line 11a, I | 0 | Swedish Covenant Hospital | |
| Swedish Covenant Hospital | |||||||||||
| 5145 North California Avenue | Chicago | IL | 60625 | 362179813 | Hospital | IL | 501(c)(3) | Line 3 | 0 | Covenant Ministries of Benevolence | |
| Swedish Covenant Hospital Foundation (SCHF) | |||||||||||
| 5145 North California Avenue | Chicago | IL | 60625 | 205055155 | Supporting Organization of SCH | IL | 501(c)(3) | Line 7 | 0 | Swedish Covenant Hospital | |
| SC Insurance Company | |||||||||||
| 6970 E Chauncey Lane Suite 100 | Phoenix | AZ | 85054 | 273312053 | Insurance | AZ | 501(c)(3) | Line 11a, I | 0 | Swedish Covenant Hospital | |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (3 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Direct Controlling NADirectControllingNACd | Predominant Income TypePredominantIncomeTypeTxt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd |
|---|---|---|---|---|---|---|---|---|---|---|
| Coast Asset Management LLC | ||||||||||
| 2450 Colorado Ave Suite 100 E Tower | Santa Monica | CA | 90404 | 954763400 | Hedge Fund Investment | CA | N/A | N/A | 0 | 0 |
| Covenant Village of Portland LP | ||||||||||
| 420 NE Mason St | Portland | OR | 97211 | 364356838 | Assisted Living Community | OR | N/A | N/A | 0 | 0 |
| Swedish Covenant Surgery LLC | ||||||||||
| 5215 N California Avenue | Chicago | IL | 60625 | 272485300 | Outpatient Medical Services | IL | N/A | N/A | 0 | 0 |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (4 entries)
| Address Line1ForeignAddress/AddressLine1 | CityForeignAddress/City | CountryForeignAddress/Country | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd | Direct Controlling NADirectControllingNACd | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd | Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | EINEIN | Legal Domicile StateLegalDomicileStateCd | Entity TypeEntityTypeTxt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Covenant International Insurance Company Ltd | ||||||||||||||
| Crawford House 50 Cedar Avenue | Hamilton | BD | Insurance | BD | N/A | 0.50000 | 0 | |||||||
| Covenant Trust Company | ||||||||||||||
| Financial Services | N/A | 0 | 5215 Old Orchard Road Suite 725 | Skokie | IL | 60077 | 363583163 | IL | C | |||||
| Swedish Covenant Management Services Inc (SCMS) | ||||||||||||||
| Physician Practice Management | N/A | 0 | 5145 North California Avenue | Chicago | IL | 60625 | 364073303 | IL | C | |||||
| Swedish Covenant Managed Care Alliance (SCMCA) | ||||||||||||||
| Physician - Hospital Organization | N/A | 0 | 2740 West Foster Avenue Suite 409 | Chicago | IL | 60625 | 364118659 | IL | C | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (32 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt |
|---|---|
| Colonial Acres Home Inc | |
| Q | $677,792 |
| Colonial Acres Home Inc | |
| A | $392,091 |
| Covenant Village of Florida | |
| P | $991,480 |
| Covenant Village of Florida | |
| A | $449,126 |
| Windsor Park | |
| Q | $4,366,860 |
| Windsor Park | |
| A | $736,696 |
| Covenant Village of Colorado | |
| P | $753,473 |
| Covenant Village of Colorado | |
| A | $47,689 |
| Covenant Home Illinois | |
| Q | $1,293,019 |
| Covenant Home Illinois | |
| P | $50,445 |
| The Holmstad | |
| Q | $3,349,188 |
| The Holmstad | |
| A | $225,283 |
| Covenant Healthcare Centers | |
| Q | $2,643,927 |
| Covenant Healthcare Centers | |
| P | $552,636 |
| Covenant Home of Chicago | |
| Q | $75,755 |
| Covenant Home of Chicago | |
| A | $121,140 |
| Covenanat Home Inc | |
| P | $2,505,069 |
| Covenanat Home Inc | |
| A | $330,245 |
| Covenant Retirement Communities West | |
| P | $1,528,552 |
| Covenant Retirement Communities West | |
| Q | $7,457,004 |
| Covenant Retirement Communities of the Great Lakes Conference | |
| Q | $46,705 |
| Covenant Retirement Communities of the Great Lakes Conference | |
| A | $146,289 |
| Covenant Retirement Services Inc | |
| P | $637,455 |
| Covenant Retirement Services Inc | |
| A | $128,887 |
| Covenant Home Services | |
| P | $340,160 |
| Covenant Home Services | |
| A | $505,361 |
| Covenant Ministries of Benevolence | |
| M | $2,072,250 |
| Covenant Ministries of Benevolence | |
| L | $80,600 |
| Covenant Ministries of Benevolence | |
| Q | $105,498 |
| Covenant Ministries of Benevolence | |
| P | $2,461,984 |
| Covenant Ministries of Benevolence | |
| S | $14,442,026 |
| Covenant Housing Corporation | |
| P | $75,000 |