Posted: December 23, 2024
If you are researching senior living communities for yourself or a loved one, you will notice there are for-profit and nonprofit senior living organizations. Along with considering the services and amenities, floor plans, and levels of living a community offers, it’s a good idea to consider the values and mission of the community. Learn more about how nonprofit and for-profit senior living communities differ and the benefits of choosing a nonprofit senior living community.
Many senior living communities operate as for-profit organizations, prioritizing a return on investment for their owners or shareholders. In this case, financial decisions are often driven by profits goals rather than mission. For-profit senior living communities rely on fees charged to residents to sustain their operations. Whereas, nonprofit senior living community like Casey’s Pond, combine resident fees with additional support from fundraising and donations.
As a nonprofit senior living community, Casey’s Pond was created for the entire community of Steamboat Springs, Colorado. It began in 2008 when healthcare leaders around the valley envisioned a full-service senior living community. Nonprofit senior living communities tend to have community support in the form of volunteers and donors who care about the mission of the organization.
Both nonprofit and for-profit senior living communities offer a variety of services and amenities and levels of care such as independent living, assisted living, and skilled nursing. Choosing a for-profit senior living community may be the right choice for you or your loved one, but there are benefits to choosing a nonprofit senior living community.
In a nonprofit senior living community, fees are reinvested into the community for items like staff development, building improvements, and financial assistance for residents in need. Some nonprofit senior living communities are affiliated with a faith-based or fraternal organization that guides benevolence and care while being open and inclusive to all. At Casey’s Pond, being a nonprofit community allows us to focus on our mission to be a thriving community that enriches the quality of life and well-being of seniors. Our active retirement community provides opportunities for residents to pursue personal growth in a caring, inclusive, pet-friendly community. Read more about our active retirement lifestyle here.
Casey’s Pond offers opportunities for expanding your life through a vibrant community. Whether you choose a Life Plan or Choice Plan (rental), our focus is on making the most of every moment.
With a Life Plan Agreement, after paying an initial partially refundable deposit, residents are able to access a variety of care options as the need arises. If residents outlive their financial assets through no fault of their own, they can remain in the community they already know and love. Life Plan residents are guaranteed access to independent living, rehabilitation, assisted living, and skilled nursing. Residents with a Life Plan Agreement start out in independent living, but if a change in care is needed, residents are still able to stay in their communities and still access the care they need. A Life Plan is an ideal option for couples. Partners are able to remain together within the same community, even if one requires a higher level of care than the other, ensuring the quality of life for both parties. This flexibility allows couples to maintain their relationship while each receives appropriate support while they continue to thrive together.
Our Choice Plan offers an attractive rental option for those seeking low-maintenance living with concierge-style services and amenities, such as restaurant-style dining. Designed for individuals who prefer not to own or maintain a home in a resort mountain town, this plan allows residents to fully enjoy life while having access to higher levels of care whenever needed. Instead of providing the large deposit required for our Life Plan, the Choice Life Plan allows residents the opportunity to rent their apartment on a month-to-month basis, while still being a part of the Casey’s Pond community.
Casey’s Pond’s award-winning senior living community offers a variety of floorplans and living options surrounded by majestic mountains. Our Choice Plan pricing includes access to low maintenance living and concierge-style services and amenities, including restaurant-style dining making it an affordable option than owning and maintaining a home in a resort mountain town. Learn more about our residents and their experiences at Casey’s Pond. Contact us for more information.
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