Benefits of Living in a Not-for-Profit Senior Living Community

If you or a loved one are considering senior living, you've likely been researching all your options, from the type of care to the amenities available. But it may come as a surprise that you have options regarding the type of community as well because not all are for-profit entities. That's right; there are also not-for-profit senior living communities like ours. Here are some of the additional benefits they offer residents.

The Difference in Not-For-Profit Senior Living

Most senior living communities are for-profit, meaning that they provide services to generate a return on investment, and as such, they answer to their shareholders or investors first.  On the other hand, not-for-profit communities such as Friendship are mission-based. For example, we're governed by a board of directors that guides our mission and provides fiduciary oversight. Although Friendship began nearly 60 years ago when the Church of the Brethren recognized the need for senior living in Roanoke Valley, today, we are not owned or affiliated with any entity.  Watch this video to learn more about our history!

We provide a friendly, safe, and comfortable place for our residents to live healthier, fuller lives. From the recovery expertise of Friendship Health to the thriving community of Friendship Living, Friendship continues to offer our community the resources and support they need to enjoy the lives they deserve.

Benefits of Non-or-Profit Senior Living

Whether for-profit or not-for-profit, senior living offers tremendous benefits that include an active lifestyle focused on wellness and amenities that free you from chores and home upkeep while providing convenience and endless opportunities to engage and connect. But not-for-profit senior living communities, like ours, take it a step further with additional benefits such as:

• Ties to the Local Community – Our governing board of directors is made up of individuals who have strong ties and a vested interest in the betterment of our senior living community and the local area. As a result, they regularly support and partner with organizations throughout Roanoke County.
• Your Investment Comes Back – With not-for-profit senior living, our residents' investment to live here comes back to the community instead of into shareholders' pockets. For example, our profits go toward improving the care, services, and amenities our residents receive, as well as community improvements.
• More Resident-Focused – Because our not-for-profit senior living community isn't beholden to any outside entity, we can truly focus on our mission of supporting friends by providing peace of mind. Our residents' needs drive our decisions, and we are committed to being a good steward of your investment. ‍
• A Continuum of Care without the Buy-In Fee – A CCRC, or continuing care retirement community, provides a continuum of care on the same campus, such as independent living, assisted living, and memory care. While most for-profit CCRCs require a buy-in (also known as an entry fee) in addition to your monthly fee to move into any level of care, our not-for-profit CCRC follows a rental model. This means you pay for only what you need, aren't locked into a long-term contract, and have more financial flexibility while retaining control of your or your loved one's assets. All while enjoying the added convenience and peace of mind of staying in the same place with friends, familiar surroundings, and continuity of care as your health needs evolve.

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