Not-for-Profit vs For-Profit Difference

When searching for a senior living community, there are a few key features to consider. One characteristic that is important to look into is whether the company is a Not-for-Profit or a For-Profit organization.

The Langford at College Station

 

What makes up the Not-for-Profit Difference?

Promise

Not-for-Profit Communities have a promise in their board. Their board of volunteers promises to hold the company accountable, without any compensation. The board always acts in the best interest of the community, as they are not stakeholders and do not have anything to lose.

 

Commitment

Not-for-Profit communities are committed to you, and their company. For profit communities can be frequently bought and sold. Not-for-Profit communities have often been in operation for many years, withstanding the test of time, as the organization seeks out the long-term benefit of their work.

 

Mission

The mission is at the center of it all for Not-for-Profit communities. It is the lens through which we consider for everything that we do. At MRC The Langford, we are driven by our ICARE values of Integrity, Compassion, Accountability, Respect, and Excellence.

 

Direction

Not-for-Profit communities reinvest their revenue right back into the community, in ways that support the organization’s mission.Bottom line, there are no share-holders to demand profits which leaves all of the revenues available to improve the lives of the residents.

 

You’re Taken Care Of

At MRC The Langford, you’re good with us. Many Not-for-Profit senior living communities provide Benevolent Care for residents that outlive their financial resources through no fault of their own.

 

A special Thank You to our friends at Leading Age Texas. You can find more information on their website here:

https://www.leadingagetexas.org/

https://www.leadingagetexas.org/page/About_NotforProfit

https://cdn.ymaws.com/www.leadingagetexas.org/resource/resmgr/Members/Benefits/2016_NFP_trifold_FINAL.pdf