Public Charity

COVENANT WOODS

COVENANT WOODS is a nonprofit organization categorized as Public Charity based in MECHANICSVILLE, VA. Its most recent IRS filing (2025) reports revenue of $38.8M, expenses of $39.2M, total assets of $151.7M. Imperigo tracks 3 reported grant relationships connected to this organization totaling approximately $62K.

EIN: 540524902 MECHANICSVILLE, VA Nursing Facilities NTEE: E91 Latest filing: 2025
Total Revenue$38.8M
Total Expenses$39.2M
Total Assets$151.7M
Grant Records3
Funding Total$62K
Filing Years2021–2025

Mission

IT IS THE MISSION OF COVENANT WOODS, A NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITY, TO PROVIDE OUR RESIDENTS WITH EXCEPTIONAL CARE, QUALITY OF LIFE, AND SECURITY AND COMFORT IN KEEPING WITH THE BENEVOLENT VISION OF OUR METHODIST AND PRESBYTERIAN FOUNDERS IN 1883.

Where $100 goes at Covenant Woods

How Covenant Woods divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$73 Programs the work itself
$27 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $73 for programs

$73
Covenant Woods (cw), a virginia nonstock corporation founded in october 1883, is a not-for-profit continuing care retirement community in Mechanicsville, va
All program spending · Reported in the filing: 231 units; 60 units; 62 beds
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

ADMINISTRATOR Carrie Davis
BOARD MEMBER Charles Graves
PRESIDENT/CEO Dr Thomas Wright
BOARD MEMBER Edward Clingman
DIRECTOR OF HR Emily Endert
CFO (UNTIL 04/26/24) Erik Mauritsen

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$53,157 2 grants
Health & Medicine
$9,050 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $38.8M $39.2M $151.7M
2024 $39.1M $46.4M $149.1M
2023 $36.8M $43.6M $151.8M
2022 $38.6M $42.5M $166.9M
2021 $38.3M $39.5M $176.1M

Between 2021 and 2025, reported annual revenue held roughly steady at around $38.8M, with total assets most recently reported at $151.7M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for COVENANT WOODS

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