Nationwide Church Residences is structured as a not-for-profit company. This signifies possession shouldn’t be 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 enlargement, prioritizing the communities served.
The non-profit standing permits for a deal with offering reasonably priced senior housing and associated companies, relatively than maximizing earnings. This mannequin advantages residents by providing housing choices usually unavailable within the personal 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 right now.
