In a previous post, I had suggested that Assisted Living Facilities are not equal. It is important to make a wise choice about residential care. Not only for the sake of comfort and health but also for the sake of your finances.
One tip before moving into a Assisted Living Facility is to identify the owner of the Facility. As I indicated, there are three types of owners: 1) large corporations; 2) small independent owners; and 3) charities or government owned communities.
2. Small Independent Owners: Another type of owner of long-term care communities is private owners. These companies do not trade shares on the public exchanges. They are as varied as mom and pop grocery stores but also have a desire to make a profit. It is not as if profit is bad. It is necessary. Privately owned communities may very well have a different feel to them than the chains.
3. Charities/government: The final type of owner is a charity or government agency. These communities operate on a slightly different basis than profit chasing. A common example of a charity owned community would be an Assisted Living Facility owned by a church or foundation. Some of the best values on the market are owned by charities. An example of a government owned facility is the nursing home, granted not an ALF, owned by the Washington State Department of Veterans Affairs. One is in Port Orchard, Washington called Retsil.
An example of a great Assisted Living Facility operated by a church is Kings Manor. Kings Manor is operated by the Lutheran church and, therefore, is not driven by profit. Granted, it must make enough to operate, pay its employees and afford the quality care it provides. In my opinion, Kings Manor is one of the best values on the market. Kings Manor located at 8609 Portland Ave E, Tacoma, WA 98445. For more info (253) 590-5007 and ask to speak with Karen Wright.