Charity Search / COVENANT LIVING AT THE HOLMSTAD
Housing & Shelter (L22) IRS Verified DX Registered 990 on File

COVENANT LIVING AT THE HOLMSTAD

EIN: 36-2835154 · BATAVIA, IL 60510-1269 · United States · FY 2024 Data
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CharityAI™ Score
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Mission Statement

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.

Financial Overview — FY 2024
$20.8M
Total Revenue
$17.3M
Total Expenses
$-10,322,063
Net Assets
552
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 64.2%
Fundraising Efficiency N/A
Operating Reserve -7.14x
Liability-to-Asset 113.8%
Revenue Diversification 90.7%
Executive Compensation $266K
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $20.8M $17.3M $-10,322,063 64.2% 552
2023 $20.7M $17.6M $-15,138,605 62.4% 434
2022 $18.4M $17.3M $-18,992,732 65.7% 465
2021 $18.3M $17.6M N/A 526
2020 $16.6M $16.7M N/A 523
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Organization Details
EIN
36-2835154
State
IL
City
BATAVIA
ZIP
60510-1269
Classification
L22
Category
Housing & Shelter
Rating
41★
Last Updated
Aug 2026
IRS Ruling Year
1975
Foundation Code
10
Form 990
On File
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