Why a Nonprofit Life Plan Community with Waterfront Views Could Be Your Best Decision Yet

Currently in the United States, there are around 2,000 Life Plan Communities (also known as Continuing Care Retirement Communities or CCRCs). Approximately 80% of them are owned by nonprofit organizations, including Vista Point at Fairview. What are the differences between a nonprofit and for-profit community? And when the time comes to pick between the two, which is your better choice?

In general, a for-profit community uses its profits to pay owners, shareholders, and/or investors first. With a nonprofit organization, the community’s resident-focused mission, vision, and values guide its decision making. Because of this, many people like knowing their money is being reinvested into the community for the benefit of those who live there now and in the future.

Benefits of Nonprofit Senior Living

A community’s nonprofit status may provide the cost savings, value, and security you’re looking for with these additional benefits:

• Resident focused: The community’s main goal is providing a quality, meaningful, and secure life for all residents.
• Financial assistance: Most communities offer a benevolence fund to ensure residents can continue to live at the community, even if they outlive their resources through no fault of their own.
• Local control: Managed by a Board of Directors of local businesspeople who serve as volunteers, contributing their time and expertise for the benefit of the residents. Voting and non-voting resident board members also have a voice in the community’s oversight. Because the Board Members have no financial stake, you can be confident they’re committed to honoring Vista Point’s mission and vision as they make decisions.
• Financial benefits: A nonprofit Life Plan Community will receive favorable tax credits and exemptions as well as preferred pricing on goods and services. This helps reduce operating costs that can result in lower, more sustainable and predictable monthly fees for all residents. When it comes to tax advantages, residents of nonprofit communities may be able to benefit directly, as they are typically able to claim a higher medical expense tax deduction. Be sure to consult with your tax advisor before making your decision.

Vista Point is Here for You. Not Profits.

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

Today, that tradition continues with Vista Point at Fairview. Our mission statement is “To Inspire individuals to live their best lives”. Being a locally owned and operated nonprofit means that every dollar earned by Fairview is reinvested directly into our community for the benefit of the residents and employees. We don’t have out of state corporate ownership entities who answer to shareholders. Only local leadership dedicated to providing the highest-quality lifestyle possible. It also means we see the people we serve and get their feedback on a regular basis. It’s just one of the reasons Vista Point at Fairview is unlike any other senior living community in Southeastern, Connecticut.

Hear Our Vision. Join Our Mission.

To learn more about the only nonprofit Life Plan Community in the area to combine an amazing lifestyle with stunning waterfront views, attend one of our Priority Club events by calling (860) 968-VIEW (8439) or contacting us here.

You could be among those helping our team to bring our bold plan for the future of creating Southeastern Connecticut’s premier Life Plan Community to life. All it takes is a risk-free, fully refundable $100 deposit to hold your spot. Then, you can start looking forward to your retirement with a view.