Nationwide Church Residences is structured as a not-for-profit company. This signifies possession isn’t vested in shareholders or particular person proprietors. As a substitute, the group is ruled by a board of administrators accountable for its mission and operations. This construction permits for reinvestment of income again into the group’s companies and growth, prioritizing the communities served.
The non-profit standing permits for a give attention to offering inexpensive senior housing and associated companies, relatively than maximizing income. This mannequin advantages residents by providing housing choices typically unavailable within the non-public market. Traditionally, Nationwide Church Residences emerged from a faith-based initiative to handle the rising want for senior housing, and this dedication continues to form its mission at this time.
