For-Profit vs. Non-Profit – What is the Difference?
Should a retirement community’s for-profit or non-profit status affect my decision? This is a question that has been asked of me many times during my years in long-term care work, and being the clear and unequivocal about things person I am, the answer is “maybe.” This may sound strange as I choose to work in a non-profit environment. Reedley is fortunate to have a choice with its two non-profit and one for-profit facilities. For-Profit For-profit corporations are owned privately. An individual, a group of investors, or a corporation that owns a chain of skilled nursing care centers can hold ownership. For-profit centers may have a much higher overhead since the owners…