Covenant Living of Golden Valley
Covenant Living of Golden Valley reported $30.7 million in revenue and $32.5 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $73.85 went to program services, $25.53 to management and general costs and $0.62 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 89.8% of the total. The highest compensation it reported for one person was $1,177,166 (FORMER DIRECTOR AND CLCS PRESIDENT/CEO - THRU 05/24). 17 people received more than $100,000 in reportable compensation. Revenue rose 31% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $33MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending September 30, 2025 · Form 990, Part VIII · total revenue $31MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 73.8% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 25.5% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.6% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.11 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 5.8% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 89.8% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $1,177,166 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 3.62% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 17 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | -19.2 | 10.0 |
| Independent voting board members Part VI 1a–1b | 15 of 19 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseSkilled 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 74 skilled care residents at 09/30/2025. Skilled care residency for the fiscal year totaled 24,809 resident days
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 237 residents, occupying 184 apartments at 09/30/2025. Residency for the fiscal year totaled 81,295 resident days
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 36 assisted living residents at 09/30/2025. Assisted living residency for the fiscal year totaled 11,764 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 11 assisted living memory support residents at 09/30/2025. Assisted living memory support residency for the fiscal year totaled 4,389 resident…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| FORMER DIRECTOR AND CLCS PRESIDENT/CEO - THRU 05/24 Former, 0.0 hrs/week | $0 | $941,279 | $235,887 | $1,177,166 |
| DIRECTOR/EX-OFFICIO/CHIEF EXECUTIVE OFFICER Director/trustee, officer, 1.0 hrs/week | $0 | $661,650 | $149,211 | $810,861 |
| CHIEF FINANCIAL OFFICER/TREASURER/ASSISTANT SEC Officer, 1.0 hrs/week | $0 | $585,593 | $108,168 | $693,761 |
| FORMER OFFICER/CURENT CHIEF INFORMATION AND TECHNOLOGY OFFICER Former, 0.0 hrs/week | $0 | $495,439 | $74,300 | $569,739 |
| CHIEF HUMAN RESOURCES OFFICER - PART YEAR Key employee, 1.0 hrs/week | $0 | $394,651 | $61,258 | $455,909 |
| ASSOCIATE VICE PRESIDENT, OPERATIONS Key employee, 1.0 hrs/week | $0 | $406,513 | $42,248 | $448,761 |
| GENERAL COUNSEL/ASSISTANT SECRETARY Officer, 1.0 hrs/week | $0 | $327,540 | $81,213 | $408,753 |
| DIRECTOR/EX-OFFICIO/CMB PRESIDENT Director/trustee, 0.1 hrs/week | $0 | $323,746 | $67,944 | $391,690 |
17 people received more than $100,000 in reportable compensation from Covenant Living of Golden Valley (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b19 · 15 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5299
- Volunteers Part I, line 6137
Correct a figure or respond
Every number above is copied from Covenant Living of Golden Valley's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Covenant Living of Golden Valley, you can publish a response that is linked from this page.
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Of every $100 Covenant Living of Golden Valley spent in FY2025, $73.85 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Covenant Living of Golden Valley's spending goes to programs?
In the fiscal year ending September 30, 2025, Covenant Living of Golden Valley reported that 73.8% of its $32.5 million in expenses went to program services, 25.5% to management and general and 0.6% to fundraising (Form 990, Part IX).
How much does Covenant Living of Golden Valley pay its top executive?
The largest total compensation Covenant Living of Golden Valley reported for one person in the fiscal year ending September 30, 2025 was $1,177,166, for the role of FORMER DIRECTOR AND CLCS PRESIDENT/CEO - THRU 05/24 (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Covenant Living of Golden Valley get its money?
Of $30.7 million in revenue in the fiscal year ending September 30, 2025, 5.8% came from contributions and grants and 89.8% from program service revenue (Form 990, Part VIII).
Is Covenant Living of Golden Valley a registered charity?
The IRS lists EIN 41-0841150 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending September 30, 2025, object 202612199349301311 · read the filing
- FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202532119349301653 · read the filing
- FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202412139349301701 · read the filing
- FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202342229349302309 · read the filing
- FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202212239349302161 · read the filing
- FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202142179349301709 · read the filing
All filings for EIN 41-0841150: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.