A Los Angeles-based senior living community is working to help Americans in the low-income bracket by offering a few outside-the-box solutions in senior housing. The program, the subject of a Fast Company article this week, is coined “EngAGE,” and is centered around a non-profit led by Tim Carpenter, which focuses on arts and wellness for […]
Category: Non-Profit
A spectacular $229 million bond default in 2011 by The Clare, a luxury senior living community sponsored at the time by the Franciscan Sisters of Chicago Service Corporation, hasn’t deterred an affiliated Catholic senior living organization from seeking $160 million in tax-exempt bond financing. Like many other senior living providers, both non-profit and for-profit, Franciscan Communities […]
The senior living industry is at a crossroads, and the decisions made today will have a far-reaching impact on the future, said Larry Minnix, president of LeadingAge, a nonprofit trade association of senior living providers, during the group’s annual meeting held this year in Denver, Colo. The direction the industry decides to take will impact […]
NewCourtland Plans $5.6 Million Senior Housing Conversion Project Nonprofit community services provider NewCourtland recently broke ground on a $5.6 million conversion project that will turn a vacant suit factory into a senior housing and care campus. The LIFE (Living Independently for Elders) center, in Philadelphia, Pa., will be located in a five-story former suit plant on […]
Ziegler Closes $12 Million Financing for Ind. CCRC Ziegler recently announced the closing of a $12,175,000 non-rated, fixed-rate Series 2012 Bond issue for Westminster Village Terre Haute, a not-for-profit, single-site continuing care retirement community (CCRC) located in Terre Haute, Ind. The CCRC has 309 units comprised of 173 independent living apartments, 20 independent living cottages, […]
Several companies feature prominently as rapid changers in terms of growth on the 2012 LeadingAge Ziegler 100 of the nation’s top not-for-profit senior living organizations, effectively changing the face of the industry through expansions, acquisitions, and new development, and many organizations topping the list of those with the most growth in 2011 also grew substantially—and […]
Despite a multitude of challenges facing the senior living industry, several not-for-profit providers made significant forward progress on the 2012 LeadingAge/Ziegler 100 list, with much of that growth led by independent living expansion. “Similar to other recent years, 2011 did not fall short in providing its challenges to providers,” wrote Daniel Hermann, senior managing director at […]
LeadingAge, a trade group for nonprofit organizations in the senior living industry, has partnered with NewCourtland Foundation, a nonprofit provider of community services and housing, to make funding available to its members for programs and projects that blend housing and services for low-income seniors. With help from member contributions, LeadingAge committed $50,000 to the Innovation […]
Happy hours for residents in one Minnesota nursing home may soon get even happier thanks to an agreement with the local police department to receive donations of confiscated liquor, reports UPI.com. Sister Theresa Robertson, manager of the Holy Family Residence in St. Paul, said she sent a letter to St. Paul Police Chief Tom Smith […]
LeadingAge, an industry trade group for non-profit senior living providers, has just launched a new financial assessment and referral service for its members, dubbed “LeadingAge 911.” The free service has been introduced in response to the growing number of nonprofit senior living providers and organizations who have expressed difficulty in meeting bond covenants, maintaining cash […]
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