Choosing the right independent living community involves a lot of factors, including location, amenities and, of course, price. But just as important is how the community is managed. For-profit communities typically focus on increasing revenue, while a non-profit independent living community, like Bethesda, follows a mission-driven approach, providing residents with quality care by investing the money you spend into the operations of the community.
Instead of reporting to shareholders, non-profit independent living community leaders work with their Board of Directors to focus on the best interest of the residents. Bethesda openly shares the status of the company through quarterly newsletters and the annual report, unlike for-profit communities, which often limit the accessibility to their financial reports.
Keep in mind, too, that for-profit communities can quickly change ownership or management if an investment group isn’t seeing the ROI (return on investment) they were expecting. This often results in turnover of staff at the community level or an increase in the monthly rent. Bethesda’s longevity and commitment to caring for older adults is evidenced in the 133 years it has served the St. Louis area.
Bethesda has retirement living options across the St. Louis area. Learn more about a community near you, and contact us to schedule a virtual or in-person tour.
| Whether you choose independent living, assisted living, memory care, or skilled nursing, your experience at Bethesda will be filled with compassionate care and meaningful connections. If you are considering independent living, we encourage you to tour our communities, including Bethesda Barclay House – Clayton, Bethesda Gardens – Kirkwood, Bethesda Orchard – Webster Groves, Bethesda Terrace – South County, Village North Retirement Community – Florissant, and The Oaks at Bethesda Villas – Kirkwood/Webster. If you have any questions about our non-profit senior living communities, contact us today. |
