EIN 54-0524902

Covenant Woods

IRS 501(c) type
501(c)(3)
Num. employees
500
Year formed
1901
Most recent tax filings
2023-03-01
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
$36,760,268
2023
Total expenses
$43,566,569
2023
Total assets
$151,782,906
2023
Num. employees
500
2023

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 fy2023 was approximately $34 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 sch. 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.
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 achc. 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$52,792
G W Tiller TWUnrestricted General$12,537
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$282,699
Erin MeltonCorporate Director of Marketing and Sales$145,109
Hau VongDirector of Information
Thomas DiehlIt Director$154,871
...and 21 more key personnel

Financials for Covenant Woods

RevenuesFYE 03/2023
Total grants, contributions, etc.$256,305
Program services$33,259,421
Investment income and dividends$1,351,090
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$6,200
Net gain from sale of non-inventory assets$854,483
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1,032,769
Total revenues$36,760,268

Form 990s for Covenant Woods

Fiscal year endingDate received by IRSFormPDF link
2023-032024-02-13990View PDF
2022-032023-02-15990View PDF
2021-032022-02-15990View PDF
2020-032021-04-12990View PDF
2019-032020-11-13990View PDF
...and 9 more Form 990s
Data update history
June 4, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 22, 2024
Updated personnel
Identified 5 new personnel
May 20, 2024
Used new vendors
Identified 5 new vendors, including , , , , and
May 18, 2024
Received grants
Identified 1 new grant, including a grant for $12,537 from G W Tiller TW
April 16, 2024
Updated personnel
Identified 4 new personnel
Nonprofit Types
Nursing homesHuman service organizationsRetirement homesCharities
Issues
HealthHuman services
Characteristics
Political advocacyLobbyingCommunity engagement / volunteeringTax deductible donationsAccepts online 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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