What Is the Difference Between a For-Profit and Not-for-Profit Senior Living Community?
As you begin exploring retirement options, you’ll likely notice different types of ownership and operational structures – specifically, whether a senior living community is for-profit, nonprofit or not-for-profit. These terms reflect key differences in how communities are funded, managed and focused – and understanding those differences can help you choose a retirement community that aligns with your values, expectations and goals for the future. What Is a Not-for-Profit Senior Living Community? A not-for-profit senior living community is typically mission-based, meaning its primary goal is to serve its residents, not generate profit. Any surplus revenue is reinvested in the community itself, financing enhancements to wellness programs, staffing, services and amenities. These communities are often governed by a board of directors and follow a long-term strategic vision focused on stability, innovation and, most important, quality of life for residents. Montereau is a not-for-profit community. This approach enables us to prioritize resident well-being through what we call the Montereau Advantage: a purpose-driven lifestyle
What We Know About Healthy Aging
Research has found that making key changes to live healthier can prolong life expectancy by as much as 10 years. See some tips for healthy aging
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