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.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 8 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Health Care organizations in Virginia.
- Base
- $372k
- Bonus
- —
- Other
- —
- Benefits
- $30k
- Base
- $258k
- Bonus
- $20k
- Other
- —
- Benefits
- $21k
- Base
- $211k
- Bonus
- —
- Other
- $14k
- Benefits
- —
- Base
- $158k
- Bonus
- —
- Other
- $26k
- Benefits
- $10k
- Base
- $150k
- Bonus
- $7k
- Other
- —
- Benefits
- $21k
- Base
- $154k
- Bonus
- —
- Other
- —
- Benefits
- $10k
- Base
- $144k
- Bonus
- $4k
- Other
- —
- Benefits
- $10k
- Base
- $143k
- Bonus
- $5k
- Other
- —
- Benefits
- $10k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President/ceo 75th to 90th percentile | $372k | — | — | $30k | $419k $458k |
Chief Financial Officer 75th to 90th percentile | $258k | $20k | — | $21k | $315k $344k |
Ex Director Home Health (until 12/23) Key Employee 25th percentile to median | $211k | — | $14k | — | $238k $260k |
Dir Business Develop (until 12/23) Highest Compensated Employee 25th percentile to median | $158k | — | $26k | $10k | $198k $216k |
Director of HR Highest Compensated Employee 25th percentile to median | $150k | $7k | — | $21k | $189k $206k |
IT Director (until 12/23) Chief Information Officer 25th percentile to medianvs Health Care peers nationwide | $154k | — | — | $10k | $172k $188k |
Director of Dining Highest Compensated Employee 25th percentile to median | $144k | $4k | — | $10k | $167k $182k |
Administrator Highest Compensated Employee 25th percentile to median | $143k | $5k | — | $10k | $166k $182k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 15 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at COVENANT WOODS equaled 0.9% of the organization's total expenses. The median for health care organizations is 4%.
Based on 13,830 health care organizations, each measured at its most recent filing year with reported expenses and compensation.
Funded by
Private foundations whose Form 990-PF Part XV grants matched this organization.
Held steady
from 2022
From $416k in 2022 to $419k in 2023.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay rose 1% from 2022 to 2023, while revenue rose 6%.
- Chief Financial Officer pay rose 4% from 2022 to 2023.
- Key Employee pay rose 25% from 2022 to 2023.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about COVENANT WOODS
What does the Chief Executive Officer of COVENANT WOODS earn?
In 2023, the Chief Executive Officer of COVENANT WOODS received $419,165 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among Health Care organizations in Virginia, though not the top 10% of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at COVENANT WOODS compare with similar nonprofits?
Compared with the same role at Health Care organizations in Virginia, the 2023 pay of the Chief Executive Officer at COVENANT WOODS falls between the 75th and 90th percentiles. In 2023, the highest total compensation at COVENANT WOODS equaled 0.9% of the organization's total expenses. The median for health care organizations is 4%.
What are COVENANT WOODS's revenue and expenses?
In 2023, COVENANT WOODS reported $39.1M in total revenue and $46.4M in total expenses on its IRS Form 990.
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