Non-Profit Continuing Care Retirement Communities
Continuing Care Retirement Communities have increased in popularity within the past few years. Offering a model that transitions with the seniors that they care for, these facilities have become popular options for senior care. Non-profits (particularly religious organizations) have played a key role in the rise in popularity.
Summary of findings:
The non-profit sector plays a key role in the creation of Continuing Care Retirement Communities. They are growing in popularity, and the United States has nearly 2,000, which is up 7.5% over the past 10 years. Of these communities, 8 out of 10 are registered as non-profit organizations. A core offering of every CCRC is independent living in individual cottages or apartments. Individual residents may then segue to increased care as needed. With the prevalent role non-profits play, there are several large Continuing Care Retirement Communities run by non-profit organizations. US. National Senior Campus tops the non-profits offering this service in terms of size, with 19,051 units. Following them, The Evangelical Lutheran Good Samaritan Society has 17,839 units, and coming in as the third largest non-profit CCRC is ACTS Retirement Services, Inc. with 7,862 units.
Non-profit organizations operate 80% of Continuing Care Retirement Communities in the United States. The current trend indicates that they will continue to become a staple in senior living. It remains to be seen if the non-profit sector will maintain their hold on these facilities.