Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1942.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
76 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
23 people listed on the 990; $1.7M paid to officers and key staff.
Dr Thomas Wright’s $372K as President/CEO is at the 61st percentile of top reported officer pay among 2901 $10–100M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| John E Dwyer JR | — | — | — | $410,065 | $324,796 |
| John Dwyer | — | — | $384,226 | — | — |
| Dr Thomas Wright | $371,501 | $383,523 | — | — | — |
| Erik Mauritsen | $277,861 | $282,699 | $273,761 | $247,678 | $221,498 |
| Jill McMillin | $225,634 | $181,999 | — | — | — |
| Norman Davis | $183,677 | $145,275 | — | — | — |
| Michael Scheff | $148,168 | $161,107 | $150,507 | $142,651 | $132,272 |
| Emily Endert | $157,230 | $160,384 | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Programs and updates
Provides housing, healthcare, and support for seniors throughout their lives.
Questions for Covenant Woods
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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 FY2024 was approximately $36 million.
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.
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 december 2023, advance care hospice ceased operations.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $38.8M | $39.2M | −$353K | $2.6M | 990 PDF |
| FY2024 | $39.1M | $46.4M | −$7.3M | $2.4M | 990 PDF |
| FY2023 | $36.8M | $43.6M | −$6.8M | $5.9M | 990 PDF |
| FY2022 | $38.6M | $42.5M | −$3.9M | $21.6M | 990 PDF |
| FY2021 | $38.3M | $39.5M | −$1.2M | $28.4M | 990 PDF |
| FY2020 | $30.9M | $33.6M | −$2.7M | $19.8M | 990 PDF |
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Schedules filed Part IV
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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