EIN 54-0524902

Covenant Woods

IRS 501(c) type
501(c)(3)
Num. employees
545
Year formed
1901
Most recent tax filings
2022-03-01
Description
The mission of Covenant Woods is to provide residents with exceptional care, quality of life, security and comfort in keeping with the benevolent vision of their Methodist and Presbyterian founders.
Total revenues
$38,635,107
2022
Total expenses
$42,541,914
2022
Total assets
$166,902,923
2022
Num. employees
545
2022

Program areas at Covenant Woods

Covenant Woods (cw), a Virginia nonstock corporation founded in october, 1883, is a not-for-profit continuing care retirement community in mechanicsville, va. cw consists of 231 independent living units, 60 assisted living units, and 62 licensed nursing beds. The cost to operate cw during fy2022 approximates $35 million. Cw is a not-for-profit senior living community offering active lifestyles, personal freedom in daily life, and financial and physical security within an extensive continuum of care. Located on 90 private acres, Covenant Woods' hanover county campus facilitates a broad wellness program including extensive walking trails and outdoor activity spaces, as well as musical performances, lectures, classes, and social gatherings. (continued on schedule o)covenant Woods provides maintenance-free living with interior and exterior maintenance, lawn care and snow removal, and housekeeping included. Numerous resources are available to residents including four different dining venue choices in independent living, private dining rooms, a fitness center and indoor saltwater swimming pool, game and event spaces, billiards room, art studio, gardening areas, wood working and pottery shops, and a paved walking trail surrounding a stocked pond. Covenant Woods offers transportation services, 24-hour security and a personal emergency alert system, therapy, and clinic services.
In september 2020, Covenant Woods created advance care hospice llc, a hospice agency located in chesterfield county. Advance care hospice will serve the hospice needs for individuals within a 50-mile radius of its office location, which includes all of the metro richmond area. As of march 31, 2022 advance care hospice had not received its license to bill for patient services.
In january 2020, Covenant Woods acquired advance care llc, a home health agency located in chesterfield county. Advance care serves the home health needs for individuals within a 50-mile radius of its office location, which includes all of the metro richmond area. They are both medicare and medicaid certified and are accredited by jchao. Their services are also offered to residents of Covenant Woods who qualify and request these services.

Who funds Covenant Woods

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
TR Uw Clinton L WilliamsUnrestricted General$68,732
G W Tiller TWUnrestricted General$20,171
The Huntly FoundationProvide Funds$500
...and 1 more grant received

Personnel at Covenant Woods

NameTitleCompensation
Thom WrightPresident and Chief Executive Officer$150,211
Erik MauritsenChief Financial Officer and Vice President, Home and Community Based Services$273,761
Erin MeltonCorporate Director of Marketing and Sales
Tom DiehlDirector of Information Technology$147,879
Laurie UrsinyDirector of Philanthropy
...and 17 more key personnel

Financials for Covenant Woods

RevenuesFYE 03/2022
Total grants, contributions, etc.$898,633
Program services$31,318,239
Investment income and dividends$1,851,408
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$2,400
Net gain from sale of non-inventory assets$3,772,192
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$792,235
Total revenues$38,635,107

Form 990s for Covenant Woods

Fiscal year endingDate received by IRSFormPDF link
2022-032023-02-15990View PDF
2021-032022-02-15990View PDF
2020-032021-04-12990View PDF
2019-032020-11-13990View PDF
2018-032019-05-14990View PDF
...and 8 more Form 990s

Organizations like Covenant Woods

OrganizationLocationRevenue
Mennonite Home Communities of Ohio (MHCO)Bluffton, OH$10,812,853
The House of the Good ShepherdHackettstown, NJ$9,731,356
Methodist Retirement Center of Central OhioColumbus, OH$13,710,062
St. Joseph of Pines (SJP)Southern Pines, NC$30,520,226
Twin LakesCincinnati, OH$35,525,193
Londonderry Village (LVBH)Palmyra, PA$24,374,929
The Givens EstatesAsheville, NC$71,456,797
Brethren Hillcrest HomesLa Verne, CA$28,634,807
Peconic LandingGreenport, NY$33,373,980
Episcopal Retirement Homes (ERS)Cincinnati, OH$37,204,804
Data update history
October 14, 2023
Updated personnel
Identified 15 new personnel
July 4, 2023
Used new vendors
Identified 1 new vendor, including
June 26, 2023
Received grants
Identified 3 new grant, including a grant for $68,732 from TR Uw Clinton L Williams
June 19, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 8, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Nursing homesHuman service organizationsRetirement homesCharities
Issues
HealthHuman services
Characteristics
Political advocacyLobbyingCommunity engagement / volunteeringTax deductible donations
General information
Address
7090 Covenant Woods Dr
Mechanicsville, VA 23111
Metro area
Richmond, VA
County
Hanover County, VA
Website URL
covenantwoods.com/ 
Phone
(804) 569-8000
Facebook page
CovenantWoods 
Twitter profile
@covenantwoods 
IRS details
EIN
54-0524902
Fiscal year end
March
Taxreturn type
Form 990
Year formed
1901
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
P75: Senior Continuing Care Communities
NAICS code, primary
62331: Assisted Living and Continuing Care Retirement Communities
Parent/child status
Independent
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