Covenant Living of Cromwell Inc

Nonprofit profile at a glance

EIN
131740015
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Cromwell, CT, USA
Phone
8606352690
Rating
69
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Supportive Housing for Older Adults
Affiliation
Christianity

Official website

Reported finances

Revenue
$32,481,321
Expenses
$34,372,584
Assets
$97,582,912
Liabilities
$108,612,630

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

36 people listed

Executive titles in this filing

  • DAVID G ERICKSON (DIRECTOR/EX-OFFICIO/CHIEF EXECUTIVE OFFICER)
  • TODD SLETCHA (DIRECTOR/EX-OFFICIO/CMB PRESIDENT)
  • ANDREW REESE-CLAUSON (ASSOCIATE VICE PRESIDENT, OPERATIONS)
  • DANIEL STEGBAUER (EXECUTIVE DIRECTOR)
  • MARIA CHRISTOFORO (ASSOCIATE EXECUTIVE DIRECTOR)
  • TERRI S CUNLIFFE (FORMER DIRECTOR AND CLCS PRESIDENT/CEO - THRU 05/24)

Highest reported compensation

  • TERRI S CUNLIFFE (FORMER DIRECTOR AND CLCS PRESIDENT/CEO - THRU 05/24): $1,177,166 total reported compensation
  • DAVID G ERICKSON (DIRECTOR/EX-OFFICIO/CHIEF EXECUTIVE OFFICER): $810,861 total reported compensation
  • JEAN E JUSTIE (CHIEF FINANCIAL OFFICER/TREASURER/ASSISTANT SEC): $693,761 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

(see on schedule o)

What it reported doing in 2024

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 36 assisted living residents at 09/30/2025. Assisted living residency for the fiscal year totaled 13,126 resident days. Assisted living memory support: 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 12 assisted living memory support residents at 09/30/2025. Assisted living memory support residency for the fiscal year totaled 4,416 resident days.

Operating model

Revenue model
Other-operating. 97% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 67
  • Transparency & Controls: 64
  • Accountability: 83
  • Sustainability: 34
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 76.4%; rating input score 76
  • Program expense ratio: 70.9%; rating input score 71
  • Fundraising efficiency: $3.14 raised per $1 spent on fundraising; rating input score 12; 12th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 10th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 59.5%; rating input score 60; 12th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 78.9%; rating input score 79; 15th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -5.8%; rating input score 15; 15th percentile among comparable filings
  • Total-asset coverage ratio: 2.84; rating input score 73; 73rd percentile among comparable filings
  • Liabilities to assets ratio: 1.11; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 6.4%; rating input score 40; 40th percentile among comparable filings

Growth

  • Program expense growth: 6% per year; rating input score 100; 49th percentile among comparable filings
  • Revenue growth: 4.6% per year; rating input score 100; 41st percentile among comparable filings
  • Asset growth: 8.8% per year; rating input score 100; 59th percentile among comparable filings

Details

  • Where the money goes: 76.4% of revenue deployed · 70.9% of spending went to programs
  • Governance: 15 of 19 board members independent · 8 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $24.4M in reported program spending
  • Leadership: top reported pay $1.2M · 36 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 36 of 37 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 33 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 12/100.
  • High — Sustainability: Operating margin scored 15/100.
  • Review — Accountability: Governance controls: CEO compensation review process not reported.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 40/100.