Covenant Living
- Company typePrivate
- Founded1886
- HeadquartersSkokie, United States
- Headcount1,001–5,000
- GTM typeB2C
- OfferingServices
Covenant Living firmographics
Firmographics- Name
- Covenant Living
- Legal name
- Covenant Retirement Communities, Inc.
- Website
- https://covliving.org
- Company type
- Private
- Founded year
- 1886
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Ownership category
- akta.pro rank
Covenant Living industry classification
Industry- Product category
- Senior Living & Continuing Care Retirement Communities
- NAICS
- Continuing Care Retirement Communities (623311), Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (6233), Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (62331), Assisted Living Facilities for the Elderly (623312), Nursing and Residential Care Facilities (623)
- SIC
- Services-Nursing & Personal Care Facilities (8050), Services-Skilled Nursing Care Facilities (8051), Services-Home Health Care Services (8082)
- akta.pro primary industry
- Nonprofit / Faith-Based CCRCs (HLADAEAC)
- akta.pro secondary industries
- Single-Site CCRCs (HLADAEAE), Multi-Campus / Regional CCRC Networks (HLADAEAF), Life Plan / Entrance-Fee CCRCs (HLADAEAA), Continuing Care Retirement Communities (CCRC) with Memory Care (HLADACAD)
Keywords
Where Covenant Living is headquartered
LocationHeadquarters
- HQ city
- Skokie
- HQ country
- United States
- HQ region
- North America
Offices23 records
Markets served
Covenant Living business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain, Others
Revenue model
- CCRC Entrance Fees: One-time entrance fees for Continuing Care Retirement Communities. A percentage of the entrance fee may be refundable to the resident's estate. The entrance fee serves as a contract for access to future care including rehabilitation after hospital stays. Residents may be able to deduct the portion of the entrance fee attributed to health care services from their federal tax bill.
- Monthly Service Fees: Ongoing monthly fees covering lifestyle package including residence, maintenance, dining and more. These fees provide recurring revenue and access to community amenities and services.
- Healthcare Services Revenue: Revenue from on-site healthcare services including Assisted Living, Skilled Nursing, Memory Care, and Rehabilitation. Short-term rehabilitation services may be covered by Medicare or other programs. Individuals do not need to be current residents or pay an entrance fee to access these services.
- Rental Options: Some locations offer private rental apartments for independent living without requiring an entrance fee. Examples include Covenant Living of Geneva and Covenant Living of Bixby in Tulsa.
- Philanthropy and Donations: Donations to the Benevolent Care Fund support residents who have outlived their resources. The organization is a 501(c)(3) not-for-profit with federal tax ID number 36-3478388.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Entrance Fee + Monthly Service Fee Model |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels7 records
Covenant Living product offering
Product offeringCore offering
Covenant Living operates a network of Continuing Care Retirement Communities (CCRCs) offering maintenance-free Residential (Independent) Living residences alongside a full continuum of on-site healthcare services including Assisted Living, Skilled Nursing, Memory Care (SAIDO Learning), Rehabilitation, In-Home Health Care (CovenantCare at Home), and Hospice. Residents pay an entrance fee plus monthly service fees for access to housing, dining, amenities, and lifetime access to higher levels of care across 20 communities in 11 states.
Product overview
Covenant Living Communities and Services operates as a not-for-profit Continuing Care Retirement Community (CCRC) system offering a full continuum of senior living and care services. The core offering is Residential Living (Independent Living) in maintenance-free residences including apartments, cottages, duplexes and patio homes across 20 communities in 11 states. The integrated care model includes Assisted Living, Skilled Nursing, Rehabilitation, Memory Care (SAIDO Learning), and In-Home Services (CovenantCare at Home) including hospice care. Supporting wellness programs include LifeConnect (eight-dimension wellness partnership) and the Heart of Welcome new resident program. The organization also offers rental options at select locations (Covenant Living of Geneva and Covenant Living of Bixby) and operates the Benevolent Care Fund for residents who outlive their resources.
Differentiator
Problem solved
Functional benefit
Brands
- CovenantCare at Home: In-home health care and hospice services providing Medicare-certified skilled nursing, personal care, and companionship in the greater Chicago and Modesto, California areas.
- SAIDO Learning
- LifeConnect
- Heart of Welcome
- Safer Home Commitment
- Inspired to Serve
Products and services
- Continuing Care Retirement Communities (CCRCs) Continuing Care Retirement Communities offering Independent Living (Residential Living) plus additional levels of care including Assisted Living, Skilled Nursing, Memory Care, and Rehabilitation, with entrance fee options and a full continuum of care.
- Residential Living (Independent Living) Maintenance-free independent senior living residences including apartments, cottages, duplexes and patio homes across multiple states with various lifestyle amenities.
- Assisted Living Personal care services helping individuals with daily activities including dressing, bathing, grooming assistance, medication management, and three meals daily in private comfortable residences.
- Skilled Nursing
- Rehabilitation
- SAIDO Learning (Memory Care)
- CovenantCare at Home
- CovenantCare Hospice
Quantifiable outcome
- SAIDO Learning practiced for 18+ years in 1,600+ facilities in Japan showing increased engagement in 18,000+ older adults
- +2 more outcomes
Companies that use Covenant Living
Customer profileNamed customers5 records
Segments2 records
Ideal customer profiles2 records
Covenant Living technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Covenant Living partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- Kumon Institute of EducationcoreSAIDO Learning was developed by the Kumon Institute of Education (Kumon) of Osaka, Japan, in conjunction with Professor Ryuta Kawashima of the Smart Aging International Research Center (SAIRC) at Tohoku University in Sendai. This partnership developed the non-pharmacological cognitive intervention program used for memory care at Covenant Living communities.
- Tohoku University / Smart Aging International Research Center (SAIRC)coreProfessor Ryuta Kawashima of Tohoku University's Smart Aging International Research Center co-developed SAIDO Learning with Kumon Institute. The program is based on learning intervention research from this academic institution.
- Evangelical Covenant ChurchcoreCovenant Living Communities and Services is a ministry of the Evangelical Covenant Church. The organization follows the Great Commandment and the Golden Rule, affirming the dignity of each person and pursuing excellence and financial integrity.
- Covenant Ministries of BenevolencecoreCovenant Living's legal name is Covenant Retirement Communities, Inc., incorporated under Covenant Ministries of Benevolence of Chicago, Illinois. The parent organization provides oversight and integration with the broader covenant denominational network.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
Covenant Living competitors and assessment
Company assessmentDirect peers
- Acts Retirement-Life Communities: One of the largest not-for-profit CCRC operators in the U.S., operating 26+ communities across the East Coast and Midwest. Directly comparable to Covenant Living as a faith-inspired, non-profit CCRC system offering a full continuum of care and entrance-fee contracts.
- Lifespace Communities: Non-profit CCRC operator with 17+ communities across nine states, providing independent living, assisted living, skilled nursing, and memory care. Closely matches Covenant Living's footprint scale, nonprofit governance, and continuum-of-care model.
- Trinity Health Senior Communities: Catholic health-system-affiliated senior living operator providing CCRCs, assisted living, and skilled nursing. Comparable to Covenant Living's faith-affiliated nonprofit structure and continuum-of-care service model.
- Otterbein SeniorLife: Non-profit faith-based CCRC operator in the Midwest operating multiple continuing care retirement communities. Comparable in mission, faith affiliation, and full continuum-of-care offering to Covenant Living.
- National Lutheran Communities & Services: Faith-based non-profit operating CCRCs and senior living communities in multiple states. Comparable to Covenant Living in faith affiliation, nonprofit structure, and full continuum-of-care model.
- Presbyterian Senior Living: Faith-affiliated non-profit operator of CCRCs, assisted living, and skilled nursing across Pennsylvania, Maryland, New York, and Virginia. Directly comparable non-profit CCRC peer with similar service mix and mission-driven positioning.
Broad incumbents
- Five Star Senior Living: For-profit operator of independent living, assisted living, and skilled nursing communities across 30+ states. Comparable service mix to Covenant Living's continuum-of-care platform, with overlap in rehabilitation and skilled nursing offerings.
- Sunrise Senior Living: Large for-profit senior living operator with communities across the U.S., U.K., and Canada, focused on assisted living and memory care. Comparable to Covenant Living's assisted living and memory care offerings, particularly through its SAIDO-adjacent memory care focus.
- Atria Senior Living: Major for-profit operator of independent living, assisted living, and memory care communities across the U.S. Comparable service mix to Covenant Living's residential and assisted living offerings but as a private-equity-backed for-profit platform.
- Brookdale Senior Living: Largest U.S. senior living operator (for-profit, public) with ~650 communities offering independent living, assisted living, and memory care. Overlaps with Covenant Living's assisted living and memory care lines, but operates at significantly larger scale and under a for-profit model.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Covenant Living social profiles
Digital presenceCovenant Living financial estimates
Financial estimateRevenue estimate
Valuation estimate
Covenant Living leadership team
Management profileNumber of profiles
Profiles11 records
Covenant Living subsidiaries and ownership
Company hierarchySubsidiaries22 records
Covenant Living funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Covenant Living M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Covenant Living
What does Covenant Living do?
Covenant Living operates a network of Continuing Care Retirement Communities (CCRCs) offering maintenance-free Residential (Independent) Living residences alongside a full continuum of on-site healthcare services including Assisted Living, Skilled Nursing, Memory Care (SAIDO Learning), Rehabilitation, In-Home Health Care (CovenantCare at Home), and Hospice. Residents pay an entrance fee plus monthly service fees for access to housing, dining, amenities, and lifetime access to higher levels of care across 20 communities in 11 states.
Is Covenant Living a public or private company?
Covenant Living is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Covenant Living founded?
Covenant Living was founded in 1886. It employs 1,001 to 5,000 people.
Where is Covenant Living based?
Covenant Living is headquartered in Skokie, United States, in the North America region.
How does Covenant Living make money?
Five revenue lines are on record. CCRC Entrance Fees are the primary driver. The others are monthly Service Fees, healthcare Services Revenue, rental Options and philanthropy and Donations.
Who are Covenant Living's main competitors?
Direct peers on record are Acts Retirement-Life Communities, Lifespace Communities, Trinity Health Senior Communities, Otterbein SeniorLife, National Lutheran Communities & Services and Presbyterian Senior Living. Broad incumbents are Five Star Senior Living, Sunrise Senior Living, Atria Senior Living and Brookdale Senior Living.
Does Covenant Living have an API?
No public API is recorded for Covenant Living.
What industry is Covenant Living in?
Covenant Living's product category is Senior Living & Continuing Care Retirement Communities. Its primary akta.pro industry code is HLADAEAC, Nonprofit / Faith-Based CCRCs, with a secondary code of HLADAEAE, Single-Site CCRCs. Its NAICS code is 623311 and its SIC code is 8050.