Comprehensive tax reform took a big step forward with the passage of a Senate bill in the early hours of Saturday morning. As House and Senate lawmakers now work on hammering out a single version of the legislation, senior housing stakeholders are speaking out about their top concerns–including, notably, a provision that could deal a major blow […]
Category: Non-Profit
One non-profit continuing care retirement community (CCRC) operator has quickly sold all of its newly constructed luxury duplexes, attracting a highly sought after population of younger seniors in the process. The provider, Indianapolis-based BHI Senior Living, believes this shows that seniors do not necessarily want to downsize as they age, and the senior living industry could benefit […]
Operating non-profit senior living grows more complex by the year. Accordingly, providers in that space are becoming more interested in satellite locations, wrestling with how many skilled nursing beds they should have and struggling with staffing issues. But they are optimistic on the whole. That was the core takeaway from the 2017 Ziegler Annual Senior Living Finance […]
From a lack of diversity among board members to old-school ways of doing business that need to change, there are a number of reasons why nonprofit senior living providers need to evaluate and potentially update their governance structure and practices. If they don’t, nonprofits could find their market share eroded by more nimble for-profit competitors, cautions […]
At a time when many senior living communities are taking hospitality to new levels, one New York City-based senior care nonprofit is putting customer service at the forefront of its operations. The New Jewish Home is a nonprofit provider serving about 13,000 people in New York City and nearby counties each year through a full spectrum […]
In multi-facility long-term care companies, those in CEO positions are bringing in significantly more than other high-level executives, a new compensation comparison report found. As of October 2016, the average total compensation (salary plus bonuses) of a CEO in long-term care was $484,010 while the average salary for a chief operating officer was $339,381, according […]
As an industry, senior living has been notoriously slow when it comes to technology. In 2015, however, some senior living technologies emerged as more popular than others, according to the 2016 LeadingAge Ziegler 150 report (LZ 150). The LZ 150, published annually, ranks the largest nonprofit senior living organizations in the United States by their […]
This week, while temperatures dropped in the Windy City, our readers were hot on the latest happenings across the senior housing industry. Readers wanted to know about a new entrant in the space with a multifamily background and how nonprofits are keeping up with the competition. Here in the newsroom, we were into the plans […]
The future’s bright for nonprofit senior living, or at least those providers that are executing on some key plays to remain competitive in a marketplace that’s changing quickly. Operator sophistication, size and scale were frequently discussed topics at the 2016 Ziegler Annual Senior Living Finance + Strategy Conference, which took place late last month in Ponte Vedra Beach, Florida, according […]
One of the nation’s largest nonprofit senior housing providers is digging in for a legal battle, and the company’s lawyers say that the outcome could have far-reaching implications for any employer with union workers. The case has its roots at the Piedmont Gardens community in Oakland, Calif., operated by American Baptist Homes of the West […]