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COVENANT WOODS

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Public IRS 990 nonprofit record

COVENANT WOODS

EIN 54-0524902 · Nursing Facilities (E91)

What they do

IT is THE MISSION of COVENANT WOODS, A NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITY, to PROVIDE OUR RESIDENTS WITH EXCEPTIONAL CARE, QUALITY of LIFE, and SECURITY and COMFORT IN KEEPING WITH THE BENEVOLENT VISION of OUR METHODIST and PRESBYTERIAN FOUNDERS IN 1883.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $75.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders23 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

76.28%of revenue went to mission work75.6% of expenses · Program services
0.44%of revenue went to fundraising0.4% of expenses
$100.91spent for every $100 of revenueSpending was higher than revenue this year.
24.19%of revenue went to management and office costs24.0% of expenses
$3.88in assets for every $1 spent this yearSome assets cannot be spent right away.
0.5%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $353,324 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $430,355 for DR THOMAS WRIGHT (PRESIDENT/CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$38,798,410
Mission workProgram services$29,595,76376.28% of revenue75.6% of expenses
ManagementOffice and general costs$9,386,38824.19% of revenue24.0% of expenses
FundraisingAsking for donations$169,5830.44% of revenue0.4% of expenses
Total expenses$39,151,734100.91% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 75.6% mission · 24.0% management · 0.4% fundraisingTotal expenses: 100.91% of revenue
2023Expense mix: 69.3% mission · 30.4% management · 0.3% fundraisingTotal expenses: 118.62% of revenue
2022Expense mix: 71.9% mission · 27.8% management · 0.3% fundraisingTotal expenses: 118.52% of revenue
2021Expense mix: 61.9% mission · 37.9% management · 0.2% fundraisingTotal expenses: 110.11% of revenue
2020Expense mix: 70.8% mission · 28.9% management · 0.3% fundraisingTotal expenses: 103.18% of revenue
2019Expense mix: 70.8% mission · 28.8% management · 0.4% fundraisingTotal expenses: 108.65% of revenue
2018Expense mix: 74.2% mission · 25.1% management · 0.6% fundraisingTotal expenses: 105.84% of revenue
2017Expense mix: 84.0% mission · 15.4% management · 0.6% fundraisingTotal expenses: 92.11% of revenue

Money in and money out

Revenue$38,798,410
Expenses$39,151,734
Annual shortfall $353,324 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$29,595,763 · 75.6% of expenses
Management and office costs$9,386,388 · 24.0% of expenses
Fundraising$169,583 · 0.4% of expenses
See all reported dollar amounts
Revenue$38,798,410
Expenses$39,151,734
Assets$151,719,126
Income$43,328,666
Contributions$197,015
Mission work (program services)$29,595,763
Fundraising$169,583
Management and general$9,386,388
Executive compensation (total)$623,916
Stocks and bonds$38,173,795
Accounting fees$106,234
Investing fees$99,113
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
DR THOMAS WRIGHTPRESIDENT/CEO · 40 hrs/week $430,355Base $382,215 · Other $48,140
SARAH THOMPSONCORPORATE CONTROLLER · 40 hrs/week $200,080Base $180,129 · Other $19,951
EMILY ENDERTDIRECTOR OF HR · 40 hrs/week $195,893Base $164,317 · Other $31,576
ERIK MAURITSENCFO (UNTIL 04/26/24) · 40 hrs/week $191,880Base $174,609 · Other $17,271
MICHAEL SCHEFFDIRECTOR OF DINING · 40 hrs/week $179,804Base $161,100 · Other $18,704
CARRIE DAVISADMINISTRATOR · 40 hrs/week $178,987Base $159,884 · Other $19,103
HAU VONGDIRECTOR OF IT · 40 hrs/week $168,660Base $157,531 · Other $11,129
JUANITA PARKSCHIEF FINANCIAL OFFICER · 40 hrs/week $86,382

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (23)

DR THOMAS WRIGHTPRESIDENT/CEO

SARAH THOMPSONCORPORATE CONTROLLER

EMILY ENDERTDIRECTOR OF HR

ERIK MAURITSENCFO (UNTIL 04/26/24)

MICHAEL SCHEFFDIRECTOR OF DINING

CARRIE DAVISADMINISTRATOR

HAU VONGDIRECTOR OF IT

JUANITA PARKSCHIEF FINANCIAL OFFICER

KYLE RUSSELLCHAIRMAN

ROGER BOWERSSECRETARY

RICHARD GIBBONSBOARD MEMBER

RICHARD ADAMSVICE CHAIR

NATHAN KOTTKAMPBOARD MEMBER

NATALIE KENTBOARD MEMBER

MICHELE SATTERLUNDBOARD MEMBER

MARJORIE COOKEBOARD MEMBER

MARIE PISECKIBOARD MEMBER

LINDA PEARSONBOARD MEMBER

KELSEY BEAULIEUBOARD MEMBER

JOE OCONNORBOARD MEMBER

JENNIFER GENTRYBOARD MEMBER (UNTIL 04/18/24)

EDWARD CLINGMANBOARD MEMBER

CHARLES GRAVESBOARD MEMBER

About this charity

Recognized since
January 1942
Location
7090 COVENANT WOODS DR, MECHANICSVILLE, VA 23111-7025
County
Hanover
In care of
JUANITA PARKS
Primary officer
JUANITA PARKS, CFO

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
April 1, 2024
Return type
990
Tax preparer
BAKER TILLY ADVISORY GROUP LP
NTEE classification
Nursing Facilities (E91)
IRS tax category
Nursing Facilities

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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