Covenant Retirement Communities Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 28,150,604 | 65,495,167 | −37,344,563 | 1.0 | 9% |
| 2013 | 36,920,132 | 29,183,032 | 7,737,100 | 5.7 | 16% |
| 2014 | 44,408,539 | 23,701,322 | 20,707,217 | 17.5 | 27% |
| 2015 | 23,851,756 | 26,500,027 | −2,648,271 | 14.5 | 28% |
| 2016 | 22,811,892 | 33,406,467 | −10,594,575 | 7.6 | 23% |
| 2017 | 45,089,414 | 26,881,397 | 18,208,017 | 17.8 | 30% |
| 2018 | 53,019,813 | 27,804,415 | 25,215,398 | 28.6 | 40% |
| 2019 | 24,700,309 | 19,850,266 | 4,850,043 | 39.5 | 46% |
| 2020 | 40,287,228 | 32,229,153 | 8,058,075 | 28.8 | 43% |
| 2021 | 56,944,036 | 32,848,843 | 24,095,193 | 45.1 | 44% |
| 2022 | 43,745,688 | 41,422,861 | 2,322,827 | 24.1 | 39% |
| 2023 | 50,434,180 | 43,236,734 | 7,197,446 | 29.5 | 42% |
In its most recent public year (2023), this organization brought in $7,197,446 more than it spent. Its reserves stood at about 29.5 months of spending, up from 1 in 2012. Staff pay was 42% of spending. $7,517,593 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Covenant Retirement Communities Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works