Nonprofit Life Plan Communities Focus on Residents First

Nonprofit Life Plan Communities: Built for Residents, Not Shareholders

Approximately 80% of the 2,000 Life Plan Communities in the U.S. are owned by nonprofit organizations — including Vista Point at Fairview. But what are the differences between for-profit and nonprofit senior living communities? And when it’s time to choose, which is the better option for you?

For-Profit vs. Nonprofit

In general, a for-profit community uses any money left over after operating expenses (including staff salaries, debt, maintenance, and upkeep) to pay owners, shareholders, or investors first. Any remaining funds are then reinvested into the community. One way for these communities to boost profits is by reducing overhead costs or postponing updates and renovations.

The Life Plan Community nonprofit model, on the other hand, tends to be more focused on quality of care and is transparent about how money is spent — helping to build trust with residents. At Vista Point, our nonprofit mission, vision, and values are centered on enriching residents’ lives and fostering long-term relationships. These principles guide all our decision-making. That’s why many people feel confident knowing their money is being reinvested into the community for the benefit of those living here today and for generations to come.

The Benefits of Nonprofit Senior Living

Nonprofit communities offer value, cost savings, and peace of mind, with benefits such as:

• Resident-focused: Prioritize quality, meaningful, and secure lives for residents.
• Financial assistance: Benevolence funds ensure residents can remain in the community even if they outlive their financial resources through no fault of their own.
• Local control: Governed by a volunteer Board of Directors with local business expertise and input from resident board members. Decisions reflect the community’s mission — free from outside financial interests.
• Financial benefits: Nonprofits receive tax credits, exemptions, and preferred pricing, allowing for lower and more sustainable fees. In many cases, residents may also claim a higher medical expense tax deduction. (Consult your tax advisor for details.)

Vista Point Invests in You

In 1892, the Connecticut Independent Order of Odd Fellows Grand Lodge established Fairview/Odd Fellows Home of Connecticut, Inc. as a mission-driven nonprofit community to serve the aging population with friendship, love, and truth.

Today, that legacy continues with Vista Point at Fairview. Our mission is simple: To inspire individuals to live their best lives.

As a locally owned and operated nonprofit, every dollar earned is reinvested directly into our community — benefiting both residents and employees. We have no out-of-state corporate owners or shareholders to answer to — only local leadership dedicated to delivering the highest quality lifestyle possible.

It also means we see the people we serve every day and regularly receive their feedback. That personal connection is one of the many reasons Vista Point’s senior living values stand apart from any other senior living community in the area.

We Put People Over Profits

As the only nonprofit Life Plan senior living community in Southeastern Connecticut that combines a vibrant lifestyle with breathtaking waterfront views, your fees are continually reinvested into services and amenities — meaning we’re literally reinvesting in your lifestyle, not profits.

To learn more, call (860) 968-VIEW (8439) or contact us here.