Covenant Retirement Communities Wes

Tax-deductible

Santa Barbara, CA501(c)(3)Since 1975Human Services EIN 95-3472345Revenue $138.1M in FY2025Latest return filed Aug 7, 2026

On file with the IRScovliving.org2550 Treasure Dr, 93105-4148 · Santa Barbara, CATax-exempt since Jul 1975Church

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501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Run by 167 volunteers and 1,241 employees.
Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $5.8M a year · 4% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.0M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $129.8M in investments, Pt X · Ln 11–13
Fine: 0.0 months of spending in cash, plus $129.8M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $57K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$269.0M
56% of total assets
Fine: liabilities are 56% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
15
of 19 voting members
Looks good: 15 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$138.1M
+4% vs prior year
Spent
$122.5M
To programs
75%
Net assets
$212.5M
By yearFY2020–FY2025
Revenue
$138.1M
FY2025▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$123.0M
FY2021$122.3M
FY2022$126.7M
FY2023$136.7M
FY2024$133.0M
FY2025$138.1M
Expenses
$122.5M
FY2025▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$116.4M
FY2021$127.2M
FY2022$124.1M
FY2023$128.5M
FY2024$126.6M
FY2025$122.5M
Net assets
$212.5M
FY2025▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$160.3M
FY2021$157.8M
FY2022$155.6M
FY2023$166.5M
FY2024$195.8M
FY2025$212.5M

From the FY2025 Form 990 (year ending September 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1975.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $92.0M Management & general 24% · $29.9M Fundraising 1% · $631K

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

39 people listed on the 990; $2.0M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$288,395Pt VII · Sec A
Executive Director
$285,797Pt VII · Sec A
Executive Director
$237,990Pt VII · Sec A
Executive Director
$232,923Pt VII · Sec A
Healthcare Administrator
$220,495Pt VII · Sec A
Associate Executive Director
$213,241Pt VII · Sec A
Regional Director, Human Resources
$192,278Pt VII · Sec A
Associate Executive Director
$177,631Pt VII · Sec A

Ryan Hust’s $288K as Executive Director is at the 24th percentile of top reported officer pay among 249 $100M+ human services 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Ryan Hust$288,395$214,609$217,577$169,990$190,936$183,814
Linda Perez$285,797$250,838$210,136———
Robert Howell————$233,709$245,496
Brian McBee$237,990$208,040$191,362$177,028$189,732—
Daniel Scansen$232,923$227,155$184,907———
Laurie Small———$208,207$232,481$215,535
Christin Whittaker$220,495—————
Charles Johnson—————$219,069

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides skilled nursing care and residential services for senior adults.

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3 programs · $92.0M · in their own filed words · FY2024
01

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 1,091 residents occupying 845 apartments as of 9/30/25. The residency for the fiscal year totaled 390,926 resident days.

$42.7Mprogram expense
02

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 220 skilled care residents at 09/30/25. Skilled care residency for the fiscal year totaled 79,693 resident days.

$35.3Mprogram expense
03

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 145 assisted living residents at 09/30/2025. Assisted living residency for the fiscal year totaled 55,327 resident days.

$14.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 4 funders →
Grants paid · 4 grants · $129K · 2021–2024
Unitemized GrantFY2024$44,552
Unitemized GrantFY2023$62,188
Unitemized GrantFY2022$10,548
Unitemized GrantFY2021$11,616

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$138.1M
Ln 12
Fees for servicesLn 2g$119.5M
Investment incomeLn 3$12.7M
Other incomeLn 4–11$4.5M
Money outPt IX
$122.5M
Ln 25
Programscol B$92.0M
Managementcol C$29.9M
Fundraisingcol D$631K
Owns and owesPt X
$212.5M
net assets · Ln 32
Cash and savingsLn 1–2$288K
Total assetsLn 16$481.5M
LiabilitiesLn 26$269.0M
PeoplePt VI, VII
39
listed · VII A
PaidVII A9
Voting boardVI 1a19
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Noncash giftsLn 1g$3K
Fees for servicesLn 2g$119.5M
Investment incomeLn 3$12.7M
Other incomeLn 4–11$4.5M
Gains on assetsLn 7$3.5M
Total revenueLn 12$138.1M
Assets in detailPt X, end of year
CashLn 1$286K
SavingsLn 2$2K
Cash and savings togetherLn 1–2$288K
InvestmentsLn 11–13$129.8M
Land, buildings, equipmentLn 10c$158.3M
Other assetsLn 15$185.0M
Total assetsLn 16$481.5M
LiabilitiesLn 26$269.0M
Net assetsLn 32$212.5M
OperationsPt I, VI
EmployeesI 51,241
VolunteersI 6167
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$37.0M
EndowmentSch D · Pt V
LineFY25FY24FY23FY22FY21
End of yearLn 1g$53K$50K$44K$44K$52K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$56K$288K
InvestmentsLn 11–13$113.9M$129.8M
Land, buildings, equipmentLn 10c$157.9M$158.3M
Total assetsLn 16$439.4M$481.5M
LiabilitiesLn 26$243.6M$269.0M
Net assetsLn 32$195.8M$212.5M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$45K$45K
Pay of current officers, directors and key staffLn 5$1.2M$1.2M
Other salaries and wagesLn 7$44.8M$38.0M$6.4M$391K
Pension plan contributionsLn 8$650K$502K$136K$12K
Other employee benefitsLn 9$5.3M$4.1M$1.2M$47K
Payroll taxesLn 10$3.8M$3.2M$565K$30K
Management feesLn 11a$554K$554K
Legal feesLn 11b$459K$459K
Accounting feesLn 11c$63K$63K
Lobbying feesLn 11d$10K$10K
Other fees for servicesLn 11g$9.7M$9.2M$530K$2K
Advertising and promotionLn 12$645K$873$644K
Office expensesLn 13$5.2M$4.5M$677K$32K
Information technologyLn 14$3.3M$961K$2.4M
OccupancyLn 16$6.1M$5.7M$434K
TravelLn 17$213K$61K$139K$13K
Conferences, conventions and meetingsLn 19$747K$111K$626K$10K
InterestLn 20$2.7M$2.0M$656K$14K
Depreciation, depletion and amortizationLn 22$17.4M$13.1M$4.2M$92K
InsuranceLn 23$3.3M$3.3M
Other expenses (24a–d)Ln 24$15.1M$6.2M$8.9M
All other expensesLn 24e$1.1M$347K$744K−$12K
Total functional expensesLn 25$122.5M$92.0M$29.9M$631K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Aug 7, 2026 $138.1M$122.5M$15.6M$212.5M 990 PDF
FY2024Filed with the IRS Jul 30, 2025 $133.0M$126.6M$6.4M$195.8M 990 PDF
FY2023Filed with the IRS Jul 31, 2024 $136.7M$128.5M$8.2M$166.5M 990 PDF
FY2022Filed with the IRS Aug 10, 2023 $126.7M$124.1M$2.6M$155.6M 990 PDF
FY2021Filed with the IRS Aug 11, 2022 $122.3M$127.2M−$4.8M$157.8M 990 PDF
FY2020Filed with the IRS Aug 6, 2021 $123.0M$116.4M$6.6M$160.3M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $138,103,766 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,411,991$1,380,409
I-9 Program service revenuePrior year $117,138,837$119,543,478
I-10 Investment incomePrior year $8,245,546$12,685,007
I-11 Other revenuePrior year $2,208,066$4,494,872
I-12 Total revenuePrior year $133,004,440$138,103,766
I-13 Grants and similar amounts paidPrior year $62,188$44,552
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $57,518,111$55,816,475
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $68,995,115$66,668,801
I-18 Total expensesPrior year $126,575,414$122,529,828
I-19 Revenue less expensesPrior year $6,429,026$15,573,938
Part VI · Governance 15 of 19 board members independent, 1 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members15
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $138,103,766 across 10 lines filed
Lines not itemized here account for $2,275,237 of total revenue; see the IRS return.
VIII-1d Related organizations$12,265
VIII-1f All other contributions, gifts and grants$1,368,144
VIII-1g Noncash contributions (included above)$3,295
VIII-1h Total contributions, gifts and grants$1,380,409
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $119,543,478$119,543,478
VIII-3 Investment incomeExcluded from tax $9,233,346$9,233,346
VIII-6 Net rental income or lossExcluded from tax $149,185$149,185
VIII-7 Net gain or loss on sales of assetsExcluded from tax $3,451,661$3,451,661
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,070,450$2,070,450
VIII-12 Total revenueRelated to mission $123,134,035 · Unrelated business $0 · Excluded from tax $13,589,322$138,103,766
Part IX · Statement of functional expenses $122,529,828 across 22 lines filed
IX-2 Grants to domestic individualsPrograms $44,552$44,552
IX-5 Pay of current officers, directors and key staffManagement $1,210,782$1,210,782
IX-7 Other salaries and wagesPrograms $38,007,409 · Management $6,376,551 · Fundraising $390,817$44,774,777
IX-8 Pension plan contributionsPrograms $501,786 · Management $136,224 · Fundraising $11,822$649,832
IX-9 Other employee benefitsPrograms $4,095,673 · Management $1,201,756 · Fundraising $46,971$5,344,400
IX-10 Payroll taxesPrograms $3,241,894 · Management $565,038 · Fundraising $29,752$3,836,684
IX-11a Management feesPrograms $554,118$554,118
IX-11b Legal feesManagement $459,345$459,345
IX-11c Accounting feesManagement $62,715$62,715
IX-11d Lobbying feesManagement $10,231$10,231
IX-11g Other fees for servicesPrograms $9,199,428 · Management $530,414 · Fundraising $2,404$9,732,246
IX-12 Advertising and promotionPrograms $873 · Management $644,361$645,234
IX-13 Office expensesPrograms $4,494,010 · Management $676,517 · Fundraising $31,865$5,202,392
IX-14 Information technologyPrograms $961,272 · Management $2,371,394$3,332,666
IX-16 OccupancyPrograms $5,699,565 · Management $434,423$6,133,988
IX-17 TravelPrograms $61,321 · Management $138,706 · Fundraising $12,719$212,746
IX-19 Conferences, conventions and meetingsPrograms $111,248 · Management $625,969 · Fundraising $9,578$746,795
IX-20 InterestPrograms $2,012,996 · Management $656,005 · Fundraising $14,196$2,683,197
IX-22 Depreciation, depletion and amortizationPrograms $13,110,275 · Management $4,197,274 · Fundraising $92,457$17,400,006
IX-23 InsurancePrograms $3,325,990$3,325,990
IX-24 Other expenses (24a–d)Programs $6,229,399 · Management $8,858,353$15,087,752
IX-24e All other expensesPrograms $347,436 · Management $744,010 · Fundraising −$12,066$1,079,380
IX-25 Total functional expensesPrograms $91,999,245 · Management $29,900,068 · Fundraising $630,515$122,529,828
Part X · Balance sheet $481,542,302 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $52,640$286,174
X-2 Savings and temporary cash investmentsStart of year $3,723$2,315
X-3 Pledges and grants receivableStart of year $4,443,271$1,460,776
X-4 Accounts receivableStart of year $4,876,933$6,393,382
X-9 Prepaid expenses and deferred chargesStart of year $310,535$292,916
X-10c Land, buildings and equipment, netStart of year $157,850,499$158,343,496
X-11 Publicly traded securitiesStart of year $58,372,145$67,818,552
X-12 Other securitiesStart of year $55,482,310$61,932,183
X-15 Other assetsStart of year $157,995,080$185,012,508
X-16 Total assetsStart of year $439,387,136$481,542,302
X-17 Accounts payable and accrued expensesStart of year $1,819,489$3,318,003
X-19 Deferred revenueStart of year $84,824,143$87,237,155
X-20 Tax-exempt bond liabilitiesStart of year $64,929,200$37,038,385
X-25 Other liabilitiesStart of year $91,110,384$101,400,695
X-26 Total liabilitiesStart of year $243,555,226$269,019,696
X-27 Net assets without donor restrictionsStart of year $189,693,654$208,691,878
X-28 Net assets with donor restrictionsStart of year $6,138,256$3,830,728
X-32 Total net assets or fund balancesStart of year $195,831,910$212,522,606
X-33 Total liabilities and net assetsStart of year $439,387,136$481,542,302
Part XI · Reconciliation of net assets $212,522,606 net assets at year end
XI-1 Total revenue$138,103,766
XI-2 Total expenses$122,529,828
XI-3 Revenue less expenses$15,573,938
XI-4 Net assets at start of year$195,831,910
XI-5 Net unrealized gains (losses) on investments$1,712,906
XI-9 Other changes in net assets−$596,148
XI-10 Net assets at end of year$212,522,606

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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