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← COVENANT HOME

Form 990 for tax year 2023

Filed by COVENANT HOME.

Totals

Total revenue
$27,065,783
Total expenses
$19,349,092
Contributions and grants received
$729,226
Grants paid
$0
Program service revenue
$19,558,684
Investment income
$6,415,187
Other revenue
$362,686
Total assets, end of year
$216,419,762
Total liabilities, end of year
$179,374,840
Net assets or fund balances, end of year
$37,044,922
Program services expenses (Part IX)
$12,583,979
Management and general expenses
$6,504,978
Fundraising expenses
$260,135
Program service expenses (Part III)
$12,583,979

Program services were 65.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • TERRI S CUNLIFFE

    DIRECTOR/CLCS PRESIDENT/CEO-PART YR

    Total calculated
    $961,812
    From this org
    $0
    From related orgs
    $928,155
    Other
    $33,657
    Hours/week
    1 + 61 related

    Schedule J breakdown matched by us

    Base
    $0 + $581,637 related
    Bonus
    $0 + $142,331 related
    Other
    $0 + $204,187 related
    Deferred
    $0 + $9,900 related
    Nontaxable benefits
    $0 + $23,973 related
    Filer's total
    $0 + $962,028 related

  • DAVID G ERICKSON

    GEN COUNSEL PART YR/ASST SEC/CEO

    Total calculated
    $554,672
    From this org
    $0
    From related orgs
    $432,606
    Other
    $122,066
    Hours/week
    1 + 61 related

    Schedule J breakdown matched by us

    Base
    $0 + $342,225 related
    Bonus
    $0 + $9,572 related
    Other
    $0 + $80,809 related
    Deferred
    $0 + $84,651 related
    Nontaxable benefits
    $0 + $45,154 related
    Filer's total
    $0 + $562,411 related

  • TODD SLECHTA

    DIRECTOR/EX-OFFICIO

    Total calculated
    $365,122
    From this org
    $0
    From related orgs
    $305,126
    Other
    $59,996
    Hours/week
    0.1 + 42.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $266,345 related
    Bonus
    $0
    Other
    $0 + $38,781 related
    Deferred
    $0 + $35,136 related
    Nontaxable benefits
    $0 + $26,493 related
    Filer's total
    $0 + $366,755 related

  • TAMMY SWANSON-DRAHEIM

    DIRECTOR/EX-OFFICIO

    Total calculated
    $214,141
    From this org
    $0
    From related orgs
    $108,641
    Other
    $105,500
    Hours/week
    0.1 + 42.3 related

    Schedule J breakdown matched by us

    Base
    $0 + $108,641 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $27,500 related
    Nontaxable benefits
    $0 + $78,000 related
    Filer's total
    $0 + $214,141 related

  • JANET CREANEY

    DIRECTOR/CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • LORENE FLEWELLEN

    DIRECTOR/VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • JANET GOELZ HOFFMAN

    DIRECTOR/SECRETARY

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • ALLAN ANDERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • SARAH BENTLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • KATHY BUETTNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • PAMELA CHRISTENSEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • ARTHUR DEROOY

    DIRECTOR/EX-OFFICIO - PART YEAR

    Total calculated
    $0
    Hours/week
    0.1 + 2.3 related

  • JOHN FREDRICKSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • KURT KINCANON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • MATTHEW MANLOVE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • ROBERT MARTIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • JENNIFER MEANS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • MARY PALMER

    DIRECTOR/EX-OFFICIO

    Total calculated
    $0
    Hours/week
    0.1 + 2.3 related

  • LOANN PETERSON

    DIRECTOR - PART YEAR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • DIXIE REPPE

    DIRECTOR - PART YEAR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • RICK SHEPARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • ANDREW VANOVER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.2 related

  • JEAN E JUSTIE

    CFO/TREASURER/ASST SECRETARY

    Total calculated
    $550,215
    From this org
    $0
    From related orgs
    $459,684
    Other
    $90,531
    Hours/week
    1 + 61 related

    Schedule J breakdown matched by us

    Base
    $0 + $315,014 related
    Bonus
    $0 + $68,544 related
    Other
    $0 + $76,126 related
    Deferred
    $0 + $52,876 related
    Nontaxable benefits
    $0 + $46,359 related
    Filer's total
    $0 + $558,919 related

  • WILLIAM RABE

    CHIEF INFO & TECH OFFICER/ASST SEC.

    Total calculated
    $424,704
    From this org
    $0
    From related orgs
    $363,812
    Other
    $60,892
    Hours/week
    1 + 61 related

    Schedule J breakdown matched by us

    Base
    $0 + $277,291 related
    Bonus
    $0 + $6,033 related
    Other
    $0 + $80,488 related
    Deferred
    $0 + $46,521 related
    Nontaxable benefits
    $0 + $20,541 related
    Filer's total
    $0 + $430,874 related

  • EMILY WARNYGORA

    SR. EXEC. ASST TO CEO/ASST SECRETARY

    Total calculated
    $108,766
    From this org
    $0
    From related orgs
    $95,671
    Other
    $13,095
    Hours/week
    1 + 61 related

  • JAY PRINCE

    SVP, COMMUNITY OPS/ASST SECRETARY

    Total calculated
    $235,346
    From this org
    $0
    From related orgs
    $211,098
    Other
    $24,248
    Hours/week
    1 + 61 related

    Schedule J breakdown matched by us

    Base
    $0 + $172,139 related
    Bonus
    $0 + $32,000 related
    Other
    $0 + $6,959 related
    Deferred
    $0 + $16,958 related
    Nontaxable benefits
    $0 + $8,966 related
    Filer's total
    $0 + $237,022 related

  • CORY KALLHEIM

    GENERAL COUNSEL/ASST SECRETARY

    Total calculated
    $325,787
    From this org
    $0
    From related orgs
    $255,332
    Other
    $70,455
    Hours/week
    1 + 61 related

    Schedule J breakdown matched by us

    Base
    $0 + $232,011 related
    Bonus
    $0 + $2,075 related
    Other
    $0 + $21,246 related
    Deferred
    $0 + $33,150 related
    Nontaxable benefits
    $0 + $38,752 related
    Filer's total
    $0 + $327,234 related

  • HILDE SAGER

    EXECUTIVE DIRECTOR/ASSOC VP, OPERATIONS

    Total calculated
    $303,119
    From this org
    $0
    From related orgs
    $250,667
    Other
    $52,452
    Hours/week
    1 + 47 related

    Schedule J breakdown matched by us

    Base
    $0 + $180,378 related
    Bonus
    $0 + $16,289 related
    Other
    $0 + $54,000 related
    Deferred
    $0 + $24,815 related
    Nontaxable benefits
    $0 + $27,887 related
    Filer's total
    $0 + $303,369 related

  • TANDERIA BROWN

    CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $370,604
    From this org
    $0
    From related orgs
    $304,715
    Other
    $65,889
    Hours/week
    1 + 61 related

    Schedule J breakdown matched by us

    Base
    $0 + $254,465 related
    Bonus
    $0 + $13,750 related
    Other
    $0 + $36,500 related
    Deferred
    $0 + $40,380 related
    Nontaxable benefits
    $0 + $25,705 related
    Filer's total
    $0 + $370,800 related

  • MICHELLE PARDUN

    EXECUTIVE DIRECTOR

    Total calculated
    $229,259
    From this org
    $192,099
    From related orgs
    $0
    Other
    $37,160
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,668
    Bonus
    $8,708
    Other
    $18,723
    Deferred
    $12,773
    Nontaxable benefits
    $24,601
    Filer's total
    $229,473

  • KATHRYN BERG

    HEALTHCARE ADMINISTRATOR

    Total calculated
    $175,512
    From this org
    $138,956
    From related orgs
    $0
    Other
    $36,556
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,757
    Bonus
    $8,515
    Other
    $9,684
    Deferred
    $7,734
    Nontaxable benefits
    $28,994
    Filer's total
    $175,684

  • ANGELA HENSON

    DIRECTOR OF SALES

    Total calculated
    $154,924
    From this org
    $130,333
    From related orgs
    $0
    Other
    $24,591
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $81,246
    Bonus
    $43,350
    Other
    $5,737
    Deferred
    $4,140
    Nontaxable benefits
    $20,582
    Filer's total
    $155,055

  • AMY MAGNUSSON

    SALES REPRESENTATIVE

    Total calculated
    $152,708
    From this org
    $135,830
    From related orgs
    $0
    Other
    $16,878
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $57,065
    Bonus
    $68,400
    Other
    $10,365
    Deferred
    $4,222
    Nontaxable benefits
    $12,774
    Filer's total
    $152,826

  • JONI MANTELMAN

    DIRECTOR OF NURSING

    Total calculated
    $154,477
    From this org
    $130,774
    From related orgs
    $0
    Other
    $23,703
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,876
    Bonus
    $3,537
    Other
    $13,361
    Deferred
    $9,388
    Nontaxable benefits
    $14,494
    Filer's total
    $154,656

  • JANICE PARKIN

    REGIONAL DIRECTOR, PHILANTHROPY

    Total calculated
    $154,172
    From this org
    $126,672
    From related orgs
    $0
    Other
    $27,500
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $93,017
    Bonus
    $3,000
    Other
    $30,655
    Deferred
    $4,103
    Nontaxable benefits
    $23,554
    Filer's total
    $154,329

  • CORY STERN

    FORMER INTERIM FINANCE LEAD/TREAS.

    Total calculated
    $268,486
    From this org
    $0
    From related orgs
    $233,582
    Other
    $34,904
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $153,210 related
    Bonus
    $0 + $12,099 related
    Other
    $0 + $68,273 related
    Deferred
    $0 + $24,756 related
    Nontaxable benefits
    $0 + $10,361 related
    Filer's total
    $0 + $268,699 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

  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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)

PART I, LINE 3
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.
PART I, LINE 4B
EXECUTIVE BENEFIT 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 SANCTIONS RULES OF FEDERAL INCOME TAX LAW. THE FOLLOWING ARE PARTICIPANTS IN THE PLAN: KATHRYN BERG HILDE SAGER MICHELLE PARDUN TERRI CUNLIFFE TODD SLECHTA DAVID ERICKSON JEAN JUSTIE WILLIAM RABE CORY STERN CORY KALLHEIM JAY PRINCE TANDERIA BROWN JONI MANTELMAN IN 2023, THESE INDIVIDUALS VESTED IN THE PLAN IN THE FOLLOWING AMOUNTS: TERRI CUNLIFFE - $131,377 DAVID ERICKSON - $47,458 CORY STERN - $15,253 WILLIAM RABE - $29,365 KATHRYN BERG - $5,294 HILDE SAGER - $11,924 TODD SLECHTA - $4,369 MICHELLE PARDUN - $5,077 IN 2023, THESE INDIVIDUALS RECEIVED DISTRIBUTIONS FROM THE PLAN IN THE FOLLOWING AMOUNTS: DAVID ERICKSON - $27,212
PART I, LINE 7
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. 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 9/30/22 WERE PAID OUT IN 2023 FOR CLCS AND RELATED ENTITIES. INCENTIVES RELATED TO CMB'S ACHIEVEMENT OF TARGETS FOR THE TWELVE-MONTHS ENDED 9/30/23 WERE PAID OUT IN 2023. 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.

Provenance

Return type
form_990
Tax year
2023
Filed
28 July 2025
IRS schema version
2023v6.0
Source object
202542119349300724

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