Despite mixed financial results, the not-for-profit senior living sector remains stable as it juggles expense pressures to boost occupancy, a Standard & Poor’s (S&P) report finds. Median ratios for the sector were mixed in 2013, with weaker operating and excess margins offset by balance sheet improvements, particularly liquidity. “Organizations’ cash balances are the strongest they’ve […]
Category: Non-Profit
In or out. It’s a decision that for many non-profit CCRCs, has not yet had to be addressed. But market factors over the last 10 to 20 years spanning technology changes, traditional innovation, consumer preference and financing vehicles are all leading to a turning point that many of those CCRCs today are facing. “The continuum as […]
Continuing care retirement communities (CCRCs) face a challenging market. They are susceptible to economic fluctuations that can tank their occupancy levels, and they cater to an aging population that’s living longer and increasingly wants to age in place at home. But there’s one thing that does work in their favor: a good credit rating — […]
The vast majority of the largest nonprofit senior living organizations are faith-based organizations, according to the latest research from the LeadingAge Ziegler 100 Publication. Of the 84% nonprofit senior living providers that are faith-based, Presbyterian, Methodist and Lutheran affiliations are the most common among the largest 100 organizations. Just 13% of nonprofit providers have no affiliation, […]
Post-recession, senior living has been called “recession resistant,” due to undeniable demographics and a growing, needs-based clientele. But all companies struggled during the recession, and entry-fee continuing care retirement communities came into the spotlight in particular as older homeowners opted to remain in their homes through the real estate downturn rather than sell them to […]
Ohio-Based Otterbein Names New Executive Director at Cincinnati Area CCRC Otterbein Senior Lifestyle Choices has named Bill Wexler as the new executive director at its continuing care retirement community (CCRC) in Lebanon, Ohio, part of the Cincinnati metro area. Wexler had been chief operating officer since last year at Ohio-based Deaconess Long Term Care, which owns […]
In an economy still reeling from the Great Recession, some nonprofit senior living communities are facing increased scrutiny regarding their tax-exempt status. “Nonprofits are coming into the spotlight,” said Nikki Rineer, president of research company Holleran during a recent webinar with Mather LifeWays titled “Community Outreach Tips and Tactics for Today’s Nonprofit.” Adding to the […]
Senior living communities are bustling with change, as many of them appoint new directors and executive leadership to manage staff, residents and resources. Looking for a new job, or even a new career? Check out senior housing employment opportunities nationwide on SHN’s job board, with La Costa Glen Carlsbad in California, Holy Redeemer Health […]
The completion of more than $140 million in financing for a California nonprofit continuing care retirement community may signal good news for start-ups and more development ahead for a state that has traditionally had high barriers to entry for nonprofit CCRCs. MonteCedro, the not-for-profit public benefit corporation that owns and operates the CCRC, achieved the […]
After nearly three years of discussion, North Carolina-based CCRCs Friends Homes, Inc. and The Presbyterian Homes, Inc. have announced their plan to consider affiliation with one another. “This isn’t about status of any managment or manager,” said Tim Webster, president and CEO of The Presbyterian Homes, Inc. “It isn’t about the success of the boards. It’s […]