Covenant Retirement Services in Skokie, Illinois (IL)

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Covenant Retirement Services
Employer Identification Number (EIN)272480652
Name of OrganizationCovenant Retirement Services
In Care of NameCovenant Retirement Communities Inc
Address5700 Old Orchard Road, Skokie, IL 60077
ActivitiesChurch, synagogue, etc
SubsectionReligious Organization
Ruling Date07/1975
DeductibilityContributions are deductible
FoundationChurch
OrganizationAssociation
Exempt Organization StatusUnconditional Exemption
Tax Period2010
Assets$10,000,000 to $49,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$13,094,230
Amount of Income$4,558,840
Form 990 Revenue Amount$3,940,428


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Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

Checklist
201220132014
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?NoNo
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNo
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?YesYes
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?NoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?YesYes
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?NoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?YesYes
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?YesYes
Did the organization make any transfers to an exempt non-charitable related organization?YesYes
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201220132014
The number reported in Box 3 of Form 10962012
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return1416
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYes
Has it filed a Form 990-T for this year?YesYes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNo
Did the organization notify the donor of the value of the goods or services provided?NoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
201220132014
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$755,936$931,458
Total reportable compensation from related organizations$1,952,742$2,211,219
Total estimated amount of other compensation from the organization and related organizations$632,294$450,196
Total number of individuals who received more than $100,000 of reportable compensation from the organization56
Total number of independent contractors who received more than $100,000 of compensation from the organization34
Statement of Revenue
201220132014
Total revenue$2,404,197$3,243,883$3,940,428
Contributions, Gifts, Grants and Other Similar Amounts$0$0$0
Program Service Revenue$2,430,336$3,193,890$3,640,838
541900$2,273,611$2,531,168
623000$501,845$621,031
561000$418,386$488,553
623000$48$86
All other program service revenue$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$0$-1,751$10,195
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental loss$-81,310$37,696$-99,295
Gross rents (Real / Personal)$1,412,111 / $0$649,949 / $0$519,117 / $0
Less: rental expenses (Real / Personal)$1,493,421 / $0$612,253 / $0$618,412 / $0
Rental income or (loss) (Real / Personal)$-81,310 / $0$37,696 / $0$-99,295 / $0
Net gain/loss from sales of assets other than inventory$0$0$0
Net income/loss from fundraising events$0$0$0
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$55,171$14,048$388,690
623000$6,462$6,243
All other revenue$7,586$382,447
Statement of Functional Expenses
201220132014
Total functional expenses$3,842,448$4,889,912$4,765,425
Grants and other assistance to domestic organizations and domestic governments$0$0
Grants and other assistance to domestic individuals$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$0$252,572$508,447
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$906,467$1,205,054$1,272,198
Pension plan accruals and contributions$29,750$54,712
Other employee benefits$237,352$271,601
Payroll taxes$87,424$95,890$90,400
Fees for services (non-employees)
Management$0$0
Legal$35,350$32,850
Accounting$2,025$4,395
Lobbying$0$0
Professional fundraising services$0$0$0
Investment management fees$0$0
Other$1,388,887$901,842
Advertising and promotion$175,257$197,395
Office expenses$45,889$82,481
Information technology$20,248$25,108
Royalties$0$0
Occupancy$82,304$94,356
Travel$145,386$121,143
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$9,949$20,963
Interest$336,909$232,976
Payments to affiliates$0$0
Depreciation, depletion, and amortization$160,577$167,062
Insurance$102,109$89,577
Other expenses$214,732$281,928
Other expenses$141,293$102,388
Other expenses$71,382$73,088
Other expenses$42,658$52,227
Other expenses$94,339$88,288
Balance Sheet
201220132014
Total assets$14,966,780$13,324,387$13,094,230
Cash - non-interest-bearing$1,356,462$1,048,485
Savings and temporary cash investments$98,315$21,854
Pledges and grants receivable, net$0$0
Accounts receivable, net$560,533$772,521
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$0$0
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$9,463$11,581
Land, buildings, and equipment: cost or other basis$10,180,919$10,121,585
Investments - publicly traded securities$48,536$15,889
Investments - other securities$0$0
Investments - program-related$0$0
Intangible assets$0$0
Other assets$1,070,159$1,102,315
Total liabilities$17,533,691$17,537,327$18,132,167
Accounts payable and accrued expenses$267,045$209,355
Grants payable$0$0
Deferred revenue$0$0
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$17,270,282$17,922,812
Total net assets or fund balances$-2,566,911$-4,212,940$-5,037,937
Unrestricted net assets$-4,212,940$-5,037,937
Temporarily restricted net assets$0$0
Permanently restricted net assets$0$0
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
Number of organizations supported3
Sum of amounts of support$0
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Other organizations in Illinois
IdNameAddressStateEstablishedTotal Income
1Covenant Community Fellowship Church2075 N Main St, Canton, IL 61520-1032IL1990-05$0
2Covenant Connection5101 N Francisco Ave, Chicago, IL 60625-3676IL1975-07$0
3Covenant Development Corporation8303 W Higgins Rd, Chicago, IL 60631-2941IL1975-07$0
4Covenant Faith Church Of God10505 S Halsted St, Chicago, IL 60628-2307IL1960-07$0
5Covenant Family Church IncPO BOX 601, Benton, IL 62812-0601IL1986-11$0
6Covenant Fellowship22913 Richton Square Road, Richton Park, IL 60471IL2009-12$0
7Covenant Fellowship ChurchPO BOX 2754, Champaign, IL 61825-2754IL1993-06$0
8Covenant Life Worship Center422 Granville Ave, Bellwood, IL 60104-1710IL2009-09$0
9Covenant Initiatives For Care Inc5145 North California Avenue, Chicago, IL 60625IL1975-07$0
10Covenant Restoration Church8480 E Sandwich Rd, Hinckley, IL 60520-6036IL2001-03$0
11Covenant Retirement Services5700 Old Orchard Road, Skokie, IL 60077IL1975-07$4,558,840
12Covenant Word Church77 Congress Dr, Rockford, IL 61109-1322IL2000-02$0
13Covered Bridge Quilters Guild11141 1900 N Ave, Wyanet, IL 61379IL2005-02$0
14Cowardly Scarecrow Theatre Company Inc Nfp888 West Lill Avenue, Chicago, IL 60614IL2011-04$0
15Cowboy Church On The Rock, John AnzelmoPO BOX 704, Rock Falls, IL 61071-0704IL2011-04$0
16Cowden Free Methodist ChurchPO BOX 205, Cowden, IL 62422-0205IL1958-06$0
17Cowden-Herrick Educational Foundation312 N 312e Rd, Mode, IL 62444IL2014-04$0
18Crab Orchard Lake Bass ClubPo Box 435, Herrin, IL 62948IL1979-12$0
19Crab Orchard Lake Sailing Club IncPo Box 64, Carbondale, IL 62903IL1961-01$0
20Cradle Family Resource Centers Inc2049 Ridge Ave, Evanston, IL 60201-2713IL2006-08$0
20 biggest affiliated organizations
AffiliationNameAddressStateEstablishedTotal Income
SubordinateEmanuel Medical Center Inc825 Delbon Ave, Turlock, CA 95382-2016CA1975-07$235,017,152
SubordinateCovenant Retirement Communities West, Brandel Hall5700 Old Orchard Road, Skokie, IL 60077-1036IL1975-07$81,366,473
SubordinateCovenant Retirement Communities Inc, Covenant Land Company Llc5700 Old Orchard Road, Skokie, IL 60077-1036IL1975-07$44,736,737
SubordinateCovenant Health Care Center Inc, Sequoia Place2125 N Olive Ave, Turlock, CA 95382-1901CA1975-07$27,314,682
SubordinateWindsor Park Manor, Torrey M Johnson Health Care Center124 Windsor Park Dr, Carol Stream, IL 60188-1986IL1975-07$20,115,663
SubordinateCovenant Home Inc Connecticut, Covenant Village Of Cromwell Assist52 Missionary Rd, Cromwell, CT 06416-2170CT1975-07$17,875,175
SubordinateCovenant Village Of Florida Inc, Covenant Village Home Care9215 W Broward Blvd, Plantation, FL 33324-2404FL1975-07$17,820,114
SubordinateColonial Acres Home Inc, Colonial Acres Health Care Center5825 Saint Croix Ave N, Minneapolis, MN 55422-4419MN1975-07$17,637,525
SubordinateCovenant Village Of Colorado Inc, Aspen Place9153 Yarrow St, Westminster, CO 80021-4561CO1975-07$16,684,486
SubordinateCovenant Retirement Communities Of The Great Lakes Conference, Covenant Village Of The Great Lakes2510 Lake Michigan Dr Nw, Grand Rapids, MI 49504-8042MI1975-07$14,545,991
SubordinateCovenant Home Illinois, Covenant Village Of Northbrook2625 Techny Road, Northbrook, IL 60062-5995IL1975-07$13,779,120
SubordinateThe Holmstad Inc, Park Manor700 W Fabyan Parkway, Batavia, IL 60510-1269IL1975-07$12,487,074
CentralEvangelical Covenant Church8303 W Higgins Rd, Chicago, IL 60631-2941IL1975-07$0
IntermediateCovenant Ministries Of Benevolence, Oregon Llc5145 N California Ave, Chicago, IL 60625-3661IL1975-07$7,660,744
SubordinateAdelbrook Inc58 Missionary Rd, Cromwell, CT 06416-2134CT1975-07$14,572,305
SubordinateCovenant Home Services, Covenant Care At Home5700 Old Orchard Rd, Skokie, IL 60077-1036IL1975-07$11,524,886
SubordinateLife Center On The Green Inc, Galter Lifecenter5157 N Francisco Ave, Chicago, IL 60625-3655IL1975-07$7,393,887
SubordinateAdelbrook Community Services Inc58 Missionary Rd, Cromwell, CT 06416-2134CT1975-07$5,286,749
SubordinateCovenant Retirement Services5700 Old Orchard Road, Skokie, IL 60077IL1975-07$4,558,840
SubordinateMidwest Covenant Home IncPO BOX 367, Stromsburg, NE 68666-0367NE1975-07$4,169,369
Number of affiliated organizations
Alaska19
Alabama2
Arkansas1
Arizona10
California153
Colorado33
Connecticut20
Florida30
Georgia7
Hawaii2
Iowa19
Idaho1
Illinois130
Indiana7
Kansas28
Kentucky5
Louisiana2
Massachusetts24
Maryland3
Maine3
Michigan58
Minnesota128
Missouri9
Mississippi1
Montana5
North Carolina7
North Dakota3
Nebraska24
New Hampshire7
New Jersey8
Nevada2
New York21
Ohio17
Oklahoma9
Oregon23
Pennsylvania19
Rhode Island5
South Carolina1
South Dakota9
Tennessee3
Texas19
Virginia6
Vermont1
Washington56
Wisconsin32
West Virginia1
Total973

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