North Carolina · Nonprofit
COVENANT VILLAGE INC
COVENANT VILLAGE INC (North Carolina) receives grants from 7 organizations whose IRS filings report $669,708 to it, the largest being The David Belk Cannon Foundation ($300,000). 4 of them have funded it in more than one year.
- Revenue FY2024
- $17M
- Funders on record
- 7
- Grants received
- $670k
- Net assets
- $8.1M
What Covenant Village Inc does
Mission
Owns and operates a continuing care retirement community and provides nursing care, assisted living, and services for the independent elderly.
As stated on its FY2024 Form 990.
Program
During fiscal year 2024/2025, covenant village served approximately 277 residents. Accommodations include 42 two-bedroom cottages, 137 apartments (studio, one bedroom, and two bedroom), and a 72-bed health center providing nursing care and assisted living beds. The main building includes a 9,700 square foot wellness center for residents, that includes state of the art cardio and strength equipment and an indoor swimming pool and spa. Covenant village is currently involved with an expansion project with the goal of providing additional benefits to current and future residents.
$15,758,640 spent$17,056,644 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $15,758,640.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $25M to $32M (+30%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2020 1% · 2021 13% · 2022 20%. Grants only. Government contracts and fees sit inside program revenue.
8% of COVENANT VILLAGE INC’s revenue is contributions — about as donation-reliant as the typical peer (21% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Nancy Paschall
Chair
As listed on its FY2024 Form 990.
The chief executive listed changed between the FY2017 and FY2018, and between the FY2022 and FY2023 filings.
Who funds it, year by year
2017 → 2023: the base broadened from 2 funders to 5 funders, grant income rose $27k → $95k.
1 of 7 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 30% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of COVENANT VILLAGE INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
COVENANT VILLAGE INC leans on a few funders — its largest provides 45% of grant income and the top three 91%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
31% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund COVENANT VILLAGE INC.
Largest funder’s share by year: 2017 100% · 2018 100% · 2019 84% · 2020 49% · 2021 75% · 2022 58% · 2023 48% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
77% of COVENANT VILLAGE INC's grant income comes from North Carolina funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $200k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
COVENANT VILLAGE INC's funding base is broadening — from 2 funders to 5 as grant income climbed.
this organization peer median middle 50% of peers· 3,288 human services nonprofits $10M–$100M, FY2024
Organizations like COVENANT VILLAGE INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
89% of spending goes to programs.
Governance
Public support
97%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for COVENANT VILLAGE INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds COVENANT VILLAGE INC?
- COVENANT VILLAGE INC (North Carolina) receives grants from 7 organizations whose IRS filings report $669,708 to it, the largest being The David Belk Cannon Foundation ($300,000). 4 of them have funded it in more than one year.
- How many funders does COVENANT VILLAGE INC have?
- IRS filings report 7 organizations giving $669,708 in grants to COVENANT VILLAGE INC, 4 of which have funded it in more than one year.
- Who is the largest funder of COVENANT VILLAGE INC?
- The David Belk Cannon Foundation is the largest funder on record, with $300,000 in grants. The full list of funders is on this page.
- How can an organization like COVENANT VILLAGE INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Covenant Village →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 7 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing