Covenant Retirement Communities Inc
5700 Old Orchard Rd, Skokie, IL · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $75,614,687 | $78,785,956 | $114,173,942 |
| FY2024 | $45,251,715 | $48,803,226 | $103,655,881 |
| FY2023 | $50,434,180 | $43,236,734 | $106,357,926 |
| FY2022 | $43,745,688 | $41,422,861 | $83,161,682 |
| FY2021 | $56,944,036 | $32,848,843 | $123,534,585 |
| FY2020 | $40,287,228 | $32,229,153 | $77,444,114 |
| FY2019 | $24,700,309 | $19,850,266 | $65,329,854 |
| FY2018 | $53,019,813 | $27,804,415 | $66,373,453 |
| FY2017 | $45,089,414 | $26,881,397 | $39,960,318 |
| FY2016 | $22,811,892 | $33,406,467 | $21,117,267 |
| FY2015 | $23,851,756 | $26,500,027 | $32,046,829 |
| FY2014 | $44,408,539 | $23,701,322 | $34,633,069 |
| FY2013 | $36,920,132 | $29,183,032 | $13,863,209 |
| FY2012 | $28,150,604 | $65,495,167 | $5,642,191 |
Form 990 filings
The returns filed by Covenant Retirement Communities Inc (EIN 36-3478388), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $369,528 | <1% |
| Program service revenue | $42,899,711 | 57% |
| Other revenue | $32,345,448 | 43% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $62,408,343 | 79% |
| Management & general | $15,235,363 | 19% |
| Fundraising | $1,142,250 | 1% |
What the numbers show
- Program service revenue made up 57% of total revenue in FY2025.
- Program services accounted for 79% of functional expenses, management & general 19%, and fundraising 1%.
- 79% of functional expenses went to program services in FY2025. That is higher than 20.7% of 121 Human Services organizations in IL.
- Net assets covered about 17.4 months of expenses at the end of the reporting year. That puts it in the 65th percentile among 1692 Human Services organizations in IL.
- Total revenue was higher than 99.4% of 1733 Human Services organizations in IL.
- Total revenue rose from $28,150,604 in FY2012 to $75,614,687 in FY2025. Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 5 of 14 reported years (FY2012, FY2015, FY2016, FY2024, FY2025).
- Net assets grew from $5,642,191 to $114,173,942 between FY2012 and FY2025.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
CARE FOR SENIOR ADULTS.
IRS status
| Ruling year | 1975 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | P750 — Human Services (in IL) |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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