While day-to-day operations in a nonprofit senior community look like those in for-profit communities, there are key differences in mission, affordability and quality of care. Read on to learn how these differences affect our residents’ experiences.
As a nonprofit organization, we’re uniquely positioned to support the well-being of our residents without worrying about generating returns for shareholders. Decisions about the types of amenities we offer, staffing levels and daily programming are based on residents’ preferences and quality of life.
Additionally, because we’re not driven by profit margins, we’re able to reinvest any surplus revenue right back into resident care and quality of life. This may mean updating communities, bringing in technology upgrades or expanding social and recreational programming.
Nonprofit senior communities often reinvest a higher portion of their revenue into staffing. This may lead to lower resident-to-caregiver ratios, enabling staff members to build more meaningful connections with residents. As a result, communities under the Bethesda Senior Living Communities umbrella offer a calmer and more attentive environment.
Because surplus revenue stays within the community rather than being paid out to shareholders, nonprofit senior communities can put more resources toward ongoing staff education. This investment improves the overall quality of care our residents receive. It also attracts caregivers passionate about serving older adults.
Because of our nonprofit status, we’re able to accept tax-deductible donations and grants. This gives us funding sources beyond resident fees, removing some of the financial burden from our residents. We use these grants and donations to pay for resident-focused programs and improve wellness offerings, resulting in a higher standard of living for our residents.
A nonprofit organization like Bethesda Senior Living Communities is led by a board of directors whose focus is on mission instead of profit. This lets us be transparent in how we make decisions and spend money, giving residents and their families a clearer understanding of how resources are used.
Along with this, residents in nonprofit communities often have more access to leadership, giving them the ability to use their voice to shape community life. Residents in senior communities in the Bethesda Senior Living Communities network use this opportunity to make suggestions for dining programs, activities and amenities.
Nonprofit senior communities often enjoy stronger connections with local organizations, volunteer groups and cultural institutions such as museums and performing arts centers. These connections let us provide more diverse programming for our residents, including community outings to keep residents engaged. They also open the door for volunteer opportunities, which give our residents many ways to connect to and serve the larger community.
At Bethesda Senior Living Communities, we offer a full continuum of care, including independent living, assisted living and memory care. This lets residents age in place, meaning they can stay in a comfortable and familiar environment as their needs change. Additionally, our not-for-profit model allows us to be less driven by short-term gains. Instead, we can make decisions that will benefit our residents in the long term, providing better stability through economic ups and downs. Choosing a nonprofit senior care community offers stability, affordability and a strong focus on the resident experience.
To learn more about our mission and values or schedule a tour of a Bethesda Senior Living Communities location in your city, contact us today.
