Covenant Living

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

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

• Senior living services
• Continuing care retirement
• Assisted living care
• Skilled nursing facilities
• Memory care programs

Headquarters

HQ city

Skokie

HQ country

United States

HQ region

North America

Offices23 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain, Others

Revenue model

1. 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.
2. 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.
3. 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.
4. 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.
5. 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

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core 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

Named customers5 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered core.

• Kumon Institute of EducationcoreStrategic or Co-development PartnerSAIDO 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)coreStrategic or Co-development PartnerProfessor 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 ChurchcoreStrategic or Co-development PartnerCovenant 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 BenevolencecoreStrategic or Co-development PartnerCovenant 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

Direct 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

• Facebookfacebook.com/CovLiving
• Xx.com/Covenant_Living

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries22 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Covenant Living