Skip to content
Nonprofiteer
← THREE CROWNS PARK

Form 990 for tax year 2024

Filed by THREE CROWNS PARK.

Totals

Total revenue
$19,471,068
Total expenses
$25,040,478
Contributions and grants received
$436,893
Grants paid
$0
Program service revenue
$18,250,176
Investment income
$399,912
Other revenue
$384,087
Total assets, end of year
$69,366,795
Total liabilities, end of year
$69,946,101
Net assets or fund balances, end of year
-$579,306
Program services expenses (Part IX)
$19,179,927
Management and general expenses
$5,846,230
Fundraising expenses
$14,321
Program service expenses (Part III)
$19,179,927

Program services were 76.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $436,893

  • 2a · Program service revenue: ROUTINE SERVICES

    total $14,733,889 · related or exempt $14,733,889

  • 2b · Program service revenue: ENTRANCE FEE

    total $2,162,525 · related or exempt $2,162,525

  • 2c · Program service revenue: MEDICARE/MEDICAID

    total $633,544 · related or exempt $633,544

  • 2d · Program service revenue: ANCILLARY SERVICES

    total $576,239 · related or exempt $576,239

  • 2e · Program service revenue: MEALS

    total $143,979 · related or exempt $143,979

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $117,070 · excluded $117,070

  • 6a · Gross rents

    real property $4,942

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $4,942 · personal property $0

  • 6d · Net rental income or loss

    total $4,942 · excluded $4,942

  • 7a · Gross sales of assets other than inventory

    securities $282,842 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $282,842 · other assets $0

  • 7d · Net gain or loss

    total $282,842 · excluded $282,842

  • 11a · Other revenue: SUPPORT SERVICES

    total $109,798 · related or exempt $109,798

  • 11b · Other revenue: COMMUNITY FEES

    total $19,440 · related or exempt $19,440

  • 11c · Other revenue: GAIN ON EXTINGUISHMENT OF DEBT

    total $249,907 · excluded $249,907

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $379,145

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $259,601 · management and general $259,601

  • 7 · Other salaries and wages

    total $7,816,447 · program services $6,796,609 · management and general $1,019,838

  • 8 · Pension plan contributions

    total $117,403 · program services $99,671 · management and general $17,732

  • 9 · Other employee benefits

    total $924,840 · program services $764,731 · management and general $159,580 · fundraising $529

  • 10 · Payroll taxes

    total $588,100 · program services $499,009 · management and general $89,091

  • 11a · Fees: management

    total $1,336,702 · program services $18,653 · management and general $1,318,049

  • 11b · Fees: legal

    total $41,789 · management and general $41,789

  • 11c · Fees: accounting

    total $6,915 · management and general $6,915

  • 11d · Fees: lobbying

    total $690 · management and general $690

  • 11g · Fees: other

    total $1,448,137 · program services $1,189,495 · management and general $258,642 · fundraising $0

  • 12 · Advertising and promotion

    total $169,732 · management and general $169,732

  • 13 · Office expenses

    total $965,517 · program services $562,298 · management and general $393,716 · fundraising $9,503

  • 14 · Information technology

    total $225,980 · program services $128,404 · management and general $97,576

  • 16 · Occupancy

    total $649,454 · program services $604,654 · management and general $44,800

  • 17 · Travel

    total $17,582 · program services $1,794 · management and general $15,788

  • 19 · Conferences, conventions and meetings

    total $129,843 · program services $30,091 · management and general $99,752

  • 20 · Interest

    total $1,345,947 · program services $1,030,937 · management and general $314,240 · fundraising $770

  • 22 · Depreciation, depletion and amortization

    total $6,317,228 · program services $5,640,260 · management and general $675,314 · fundraising $1,654

  • 23 · Insurance

    total $382,612 · program services $382,612

  • 24a · Other expenses: DINING SERVICE

    total $921,902 · program services $921,902

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $619,888 · management and general $619,888

  • 24c · Other expenses: MAINT. FOR RESIDENTS

    total $468,896 · program services $468,896

  • 24d · Other expenses: BED TAXES

    total $90,405 · management and general $90,405

  • 24e · All other expenses

    total $194,868 · program services $39,911 · management and general $153,092 · fundraising $1,865

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,996,550 · end of year $6,023

  • 2 · Savings and temporary cash investments

    beginning of year $500 · end of year $296

  • 4 · Accounts receivable

    beginning of year $31,490 · end of year $602,429

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $36,653 · end of year $9,830

  • 10a · Land, buildings and equipment: cost or other basis

    $58,174,823

  • 10b · Land, buildings and equipment: accumulated depreciation

    $11,540,337

  • 10c · Land, buildings and equipment, net

    beginning of year $47,677,012 · end of year $46,634,486

  • 11 · Investments: publicly traded securities

    beginning of year $7,562,999 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $23,137,031 · end of year $19,712,298

  • 15 · Other assets

    beginning of year $1,814,716 · end of year $2,401,433

  • 17 · Accounts payable and accrued expenses

    beginning of year $147,823 · end of year $243,172

  • 19 · Deferred revenue

    beginning of year $14,408,697 · end of year $11,533,027

  • 20 · Tax-exempt bond liabilities

    beginning of year $16,827,178 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $49,470,709 · end of year $58,169,902

  • 27 · Net assets without donor restrictions

    beginning of year $4,849,078 · end of year -$719,331

  • 28 · Net assets with donor restrictions

    beginning of year $553,466 · end of year $140,025

Mission and programs · 2024

Mission

(SEE SCHEDULE O)

Activities or mission (Part I)

CARE FOR SENIOR ADULTS.

  • RESIDENTIAL LIVING: THE NUMBER OF PERSONS WHO BENEFITED FROM THE SERVICES WE PROVIDED FOR THE YEAR ENDED SEPTEMBER 30, 2025 WERE AS FOLLOWS: THERE WERE A TOTAL OF 110 RESIDENTS, OCCUPYING 87 APARTMENTS AT 09/30/2025. RESIDENCY FOR THE FISCAL YEAR TOTALED 41,497 RESIDENT DAYS.

    Expenses $9,397,645 · Revenue $8,801,242

  • SKILLED NURSING: THE NUMBER OF PERSONS WHO BENEFITED FROM THE SERVICES WE PROVIDED FOR THE YEAR ENDED SEPTEMBER 30, 2025 WERE AS FOLLOWS: THERE WERE A TOTAL OF 40 SKILLED CARE RESIDENTS AT 09/30/2025. SKILLED CARE RESIDENCY FOR THE FISCAL YEAR TOTALED 14,495 RESIDENT DAYS.

    Expenses $6,164,261 · Revenue $6,012,753

  • ASSISTED LIVING: THE NUMBER OF PERSONS WHO BENEFITED FROM THE SERVICES WE PROVIDED FOR THE YEAR ENDED SEPTEMBER 30, 2025 WERE AS FOLLOWS: THERE WERE A TOTAL OF 27 ASSISTED LIVING RESIDENTS AT 09/30/2025. ASSISTED LIVING RESIDENCY FOR THE FISCAL YEAR TOTALED 9,233 RESIDENT DAYS. ASSISTED LIVING MEMORY SUPPORT: THE NUMBER OF PERSONS WHO BENEFITED FROM THE SERVICES WE PROVIDED FOR THE YEAR ENDED SEPTEMBER 30, 2025 WERE AS FOLLOWS: THERE WERE A TOTAL OF 17 ASSISTED LIVING MEMORY SUPPORT RESIDENTS AT 09/30/2025. ASSISTED LIVING MEMORY SUPPORT RESIDENCY FOR THE FISCAL YEAR TOTALED 5,676 RESIDENT DAYS.

    Expenses $3,618,021 · Revenue $3,565,419

As filed on the 2024 return.

Listed in Part VII

  • DAVID G ERICKSON

    DIRECTOR/EX-OFFICIO/CHIEF EXECUTIVE OFFICER

    Total calculated
    $810,861
    From this org
    $0
    From related orgs
    $661,650
    Other
    $149,211
    Hours/week
    1 + 61 related

    Schedule J breakdown matched by us

    Base
    $0 + $459,033 related
    Bonus
    $0 + $96,942 related
    Other
    $0 + $105,675 related
    Deferred
    $0 + $98,100 related
    Nontaxable benefits
    $0 + $51,111 related
    Filer's total
    $0 + $810,861 related

  • JANET CREANEY

    DIRECTOR/CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • JANET GOELZ HOFFMAN

    DIRECTOR/VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • JENNIFER MEANS

    DIRECTOR/SECRETARY

    Total calculated
    $0
    Hours/week
    0.1 + 2.1 related

  • AL LOPUS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.1 related

  • ALLAN ANDERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.1 related

  • ANDREW VANOVER

    DIRECTOR - PART YEAR

    Total calculated
    $0
    Hours/week
    0.1 + 2.1 related

  • CRAIG SWANSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.1 related

  • CURT ANDERSON

    DIRECTOR/EX-OFFICIO

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • JOHN FREDRICKSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.1 related

  • KATHY BUETTNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • KURT KINCANON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.1 related

  • LORENE FLEWELLEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • MARY PALMER

    DIRECTOR/EX-OFFICIO - PART YEAR

    Total calculated
    $0
    Hours/week
    0.1 + 2.3 related

  • MATHEW MANLOVE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.1 related

  • PAMELA CHRISTENSEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.1 related

  • RICK SHEPARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.1 related

  • ROBERT MARTIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.1 related

  • SARAH BENTLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.1 related

  • TAMMY SWANSON-DRAHEIM

    DIRECTOR/EX-OFFICIO/ECC PRES

    Total calculated
    $251,703
    From this org
    $0
    From related orgs
    $145,412
    Other
    $106,291
    Hours/week
    0.1 + 42.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $114,912 related
    Bonus
    $0
    Other
    $0 + $30,500 related
    Deferred
    $0 + $28,291 related
    Nontaxable benefits
    $0 + $78,000 related
    Filer's total
    $0 + $251,703 related

  • TODD SLETCHA

    DIRECTOR/EX-OFFICIO/CMB PRESIDENT

    Total calculated
    $391,690
    From this org
    $0
    From related orgs
    $323,746
    Other
    $67,944
    Hours/week
    0.1 + 42.3 related

    Schedule J breakdown matched by us

    Base
    $0 + $277,415 related
    Bonus
    $0
    Other
    $0 + $46,331 related
    Deferred
    $0 + $35,568 related
    Nontaxable benefits
    $0 + $32,376 related
    Filer's total
    $0 + $391,690 related

  • CORY KALLHEIM

    GENERAL COUNSEL/ASSISTANT SECRETARY

    Total calculated
    $408,753
    From this org
    $0
    From related orgs
    $327,540
    Other
    $81,213
    Hours/week
    1 + 61 related

    Schedule J breakdown matched by us

    Base
    $0 + $255,110 related
    Bonus
    $0 + $48,075 related
    Other
    $0 + $24,355 related
    Deferred
    $0 + $37,044 related
    Nontaxable benefits
    $0 + $44,169 related
    Filer's total
    $0 + $408,753 related

  • EMILY WARNYGORA

    CHIEF OF STAFF/ASST. SECRETARY

    Total calculated
    $115,211
    From this org
    $0
    From related orgs
    $101,477
    Other
    $13,734
    Hours/week
    1 + 61 related

  • JEAN E JUSTIE

    CHIEF FINANCIAL OFFICER/TREASURER/ASSISTANT SEC

    Total calculated
    $693,761
    From this org
    $0
    From related orgs
    $585,593
    Other
    $108,168
    Hours/week
    1 + 61 related

    Schedule J breakdown matched by us

    Base
    $0 + $342,178 related
    Bonus
    $0 + $150,383 related
    Other
    $0 + $93,032 related
    Deferred
    $0 + $54,841 related
    Nontaxable benefits
    $0 + $53,327 related
    Filer's total
    $0 + $693,761 related

  • HILDE SAGER

    ASSOCIATE VICE PRESIDENT, OPERATIONS

    Total calculated
    $448,761
    From this org
    $0
    From related orgs
    $406,513
    Other
    $42,248
    Hours/week
    1 + 47 related

    Schedule J breakdown matched by us

    Base
    $0 + $202,297 related
    Bonus
    $0 + $71,102 related
    Other
    $0 + $133,114 related
    Deferred
    $0 + $9,848 related
    Nontaxable benefits
    $0 + $32,400 related
    Filer's total
    $0 + $448,761 related

  • LISA DYE

    EXECUTIVE DIRECTOR

    Total calculated
    $241,188
    From this org
    $206,221
    From related orgs
    $0
    Other
    $34,967
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,061
    Bonus
    $39,270
    Other
    $28,890
    Deferred
    $18,975
    Nontaxable benefits
    $15,992
    Filer's total
    $241,188

  • ROBERTA NEVERS

    INTERIM CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $352,125
    From this org
    $0
    From related orgs
    $288,527
    Other
    $63,598
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $184,300 related
    Bonus
    $0 + $41,415 related
    Other
    $0 + $62,812 related
    Deferred
    $0 + $31,153 related
    Nontaxable benefits
    $0 + $32,445 related
    Filer's total
    $0 + $352,125 related

  • TANDERIA BROWN

    CHIEF HUMAN RESOURCES OFFICER - PART YEAR

    Total calculated
    $455,909
    From this org
    $0
    From related orgs
    $394,651
    Other
    $61,258
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $247,389 related
    Bonus
    $0 + $99,854 related
    Other
    $0 + $47,408 related
    Deferred
    $0 + $32,398 related
    Nontaxable benefits
    $0 + $28,860 related
    Filer's total
    $0 + $455,909 related

  • ANTONIA BUSTOS

    DIRECTOR OF SALES

    Total calculated
    $119,503
    From this org
    $115,633
    From related orgs
    $0
    Other
    $3,870
    Hours/week
    40

  • CHRISTINA MEO

    HEALTHCARE ADMINISTRATOR

    Total calculated
    $129,017
    From this org
    $117,505
    From related orgs
    $0
    Other
    $11,512
    Hours/week
    40

  • IJEOMA UDUKO

    NURSE, RN

    Total calculated
    $159,443
    From this org
    $135,575
    From related orgs
    $0
    Other
    $23,868
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,286
    Bonus
    $0
    Other
    $3,289
    Deferred
    $0
    Nontaxable benefits
    $23,868
    Filer's total
    $159,443

  • JESSICA HARBINSON

    DIRECTOR OF HUMAN RESOURCES

    Total calculated
    $151,484
    From this org
    $132,720
    From related orgs
    $0
    Other
    $18,764
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $106,748
    Bonus
    $16,240
    Other
    $9,732
    Deferred
    $4,139
    Nontaxable benefits
    $14,625
    Filer's total
    $151,484

  • THOKO MAVUSO-GUILLORY

    DIRECTOR OF NURSING

    Total calculated
    $157,515
    From this org
    $134,516
    From related orgs
    $0
    Other
    $22,999
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $102,002
    Bonus
    $21,972
    Other
    $10,542
    Deferred
    $8,613
    Nontaxable benefits
    $14,386
    Filer's total
    $157,515

  • JAY PRINCE

    FORMER SVP/COMMUNITY OPERATIONS/ASST. SECRETARY

    Total calculated
    $187,933
    From this org
    $0
    From related orgs
    $183,058
    Other
    $4,875
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $84,974 related
    Bonus
    $0
    Other
    $0 + $98,084 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $4,875 related
    Filer's total
    $0 + $187,933 related

  • TERRI S CUNLIFFE

    FORMER DIRECTOR AND CLCS PRESIDENT/CEO - THRU 05/24

    Total calculated
    $1,177,166
    From this org
    $0
    From related orgs
    $941,279
    Other
    $235,887
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $260,945 related
    Bonus
    $0 + $343,678 related
    Other
    $0 + $336,656 related
    Deferred
    $0 + $220,397 related
    Nontaxable benefits
    $0 + $15,490 related
    Filer's total
    $0 + $1,177,166 related

  • WILLIAM RABE

    FORMER OFFICER/CURENT CHIEF INFORMATION AND TECHNOLOGY OFFICER

    Total calculated
    $569,739
    From this org
    $0
    From related orgs
    $495,439
    Other
    $74,300
    Hours/week
    0 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $290,639 related
    Bonus
    $0 + $101,942 related
    Other
    $0 + $102,858 related
    Deferred
    $0 + $48,843 related
    Nontaxable benefits
    $0 + $25,457 related
    Filer's total
    $0 + $569,739 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3 ARRANGEMENT USED TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION
SEE SCHEDULE O EXPLANATION FOR FORM 990 PART VI SECTION B LINE 15 FOR THE METHODS USED TO DETERMINE CEO COMPENSATION. THE REVIEW AND APPROVAL PROCESS IS DESIGNED TO SATISFY AND QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER THE INTERNAL REVENUE CODE SECTION 4958.
SCHEDULE J, PART I, LINE 4A SEVERANCE OR CHANGE-OF-CONTROL PAYMENT
JAY PRINCE RECEIVED SEVERANCE IN THE AMOUNT OF $70,017.
SCHEDULE J, PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN
COVENANT MINISTRIES OF BENEVOLENCE (CMB), A RELATED ORGANIZATION, PROVIDES CERTAIN SUPPLEMENTAL RETIREMENT BENEFITS TO ITS OFFICERS AND KEY EMPLOYEES. THESE BENEFITS ARE PROVIDED THROUGH A NONQUALIFIED DEFERRED COMPENSATION PLAN, UNDER WHICH A PORTION OF THE BENEFITS BEING EARNED ARE SUBJECT TO A "SUBSTANTIAL RISK OF FORFEITURE." THE SUPPLEMENTAL RETIREMENT BENEFITS ARE STRUCTURED TO PROVIDE A RETENTION INCENTIVE THAT HAS BEEN DETERMINED BY THE EXECUTIVE COMPENSATION COMMITTEE OF CMB'S BOARD ("COMMITTEE") TO BE OF SUBSTANTIAL VALUE TO THE ORGANIZATION. THE COMMITTEE APPROVES ALL RETIREMENT BENEFITS, TOGETHER WITH ALL OTHER FORMS OF COMPENSATION AND BENEFITS FOR THESE AND OTHER EXECUTIVES, IN A MANNER INTENDED TO QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER THE INTERMEDIATE SANCTION'S RULES OF FEDERAL INCOME TAX LAW. THE FOLLOWING ARE PARTICIPANTS IN THE PLAN: TERRI CUNLIFFE DAVID ERICKSON JEAN JUSTIE WILLIAM RABE TANDERIA BROWN HILDE SAGER CORY KALLHEIM TODD SLECHTA ROBERTA NEVERS LISA DYE JAY PRINCE THOKO MAVUSO-GUILLORY IN 2024, THESE INDIVIDUALS VESTED IN THE PLAN IN THE FOLLOWING AMOUNTS: TERRI CUNLIFFE - $70,201 DAVID ERICKSON - $49,490 JEAN JUSTIE - $13,839 WILLIAM RABE - $34,258 HILDE SAGER - $91,614 TODD SLECHTA - $13,018 IN 2024, THESE INDIVIDUALS RECEIVED DISTRIBUTIONS FROM THE PLAN IN THE FOLLOWING AMOUNTS: TERRI CUNLIFFE - $595,808 DAVID ERICKSON - $30,843
SCHEDULE J, PART I, LINE 7 NON-FIXED PAYMENTS
THE FOLLOWING APPLIES TO CERTAIN INDIVIDUALS LISTED ON PART VII WHOSE COMPENSATION IS PAID FROM RELATED ORGANIZATIONS: THE EXECUTIVE COMPENSATION COMMITTEE (OF CMB'S BOARD) FOLLOWS A PRESCRIBED METHOD FOR CALCULATING INCENTIVE COMPENSATION AWARDS. THE CALCULATION IS BASED ON MEASURABLE TARGETS DETERMINED AT THE BEGINNING OF THE YEAR. THE COMMITTEE HAS THE ABILITY TO ADJUST THE DOLLAR VALUE OF THE CALCULATED AWARDS BY UP TO 10%. THE ADJUSTMENT CAN BE AN UPWARD OR DOWNWARD ADJUSTMENT BASED ON VARIOUS PERFORMANCE FACTORS OR ON FACTORS THAT WILL ASSURE THAT FINAL INCENTIVE COMPENSATION AWARDS ARE IN THE BEST INTEREST OF THE ORGANIZATION AND APPROPRIATELY REFLECT THE PERFORMANCE OF THE ORGANIZATION. REFER TO ADDITIONAL INFORMATION ON THE COMMITTEE INCLUDED IN SCHEDULE O.
SCHEDULE J, PART II, COLUMN (B)(II)
BONUS AND INCENTIVE COMPENSATION - CERTAIN KEY PERSONS EMPLOYED BY COVENANT LIVING AND CMB ARE ELIGIBLE FOR INCENTIVE COMPENSATION AS DETERMINED BY THE EXECUTIVE COMPENSATION COMMITTEE OF EITHER THE COVENANT LIVING OR CMB'S BOARD BASED ON WHERE THESE INDIVIDUALS ARE EMPLOYED. INCENTIVES RELATED TO THE ACHIEVEMENT OF TARGETS FOR THE TWELVE MONTHS ENDED 9/30/23 WERE PAID OUT IN 2024 FOR CLCS AND RELATED ENTITIES. INCENTIVES RELATED TO CMB'S ACHIEVEMENT OF TARGETS FOR THE TWELVE MONTHS ENDED 9/30/24 WERE PAID OUT IN 2024.
SCHEDULE J, PART II, COLUMN (D)
NONTAXABLE BENEFITS INCLUDE HEALTH INSURANCE PREMIUMS PAID BY THE EMPLOYER AND EMPLOYEE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • COVENANT INTERNATIONAL INSURANCE COMPANY LTD

    C CORPORATION · INSURANCE · BD

    Directly controlled by NA

  • COVENANT TRUST COMPANY

    C CORPORATION · FINANCIAL SERVICES · IL

    Directly controlled by NA

  • COVENANT LIVING HOLDINGS THREE INC

    C CORPORATION · CONSULTING SERVICES · IL

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
IRS schema version
2024v5.1
Source object
202622199349301007

The source document this was parsed from is served over the API, which is where bulk and document access live.