CCRC and Revenue Sharing

The CCRC Industry
For purposes of the Bethel Point Foundation business plan, the Continuing Care Retirement Community (CCRC) Industry is defined as providing residential supportive and health care services to seniors, typically age 70+, through a coordinated program that addresses their changing social, health and spiritual needs as they "age-in-place". Typically, these programs are developed on a single campus with facilities constructed in such a manner as to provide easy access from one component to another. Also typically, these programs entail a resident paying a market rate refundable "entrance fee" that functions like a club membership fee and is a proxy for buying a condominium unit. Residential living units are market competitive, fully appointed units, that range from small one-bedroom to two-bedroom with den units. Extensive common community facilities that include restaurant style dining options, fitness, meeting, chapel and activity function spaces plus dedicated assisted living / skilled nursing services are an integrated element of the community plan.

Church Design & Construction's Role in the CCRC Industry
Over the years it has been demonstrated that seniors choose CCRC facilities sponsored by faith based organizations and other credible local non-profit organizations over for-profit business owned projects. Seniors take comfort and have a significantly higher trust level with faith based and non-profit sponsored projects knowing the mission driven nature of the services being offered. They also look for the spiritual care component of the community life provided by a faith based sponsor. Local churches, health care providers and non-profit social service organizations are part of the communities they serve. They have a natural market opportunity. Many have recognized the mission expansion and economic reasons to consider development of a local CCRC. However, they most often do not have the capital, development expertise or organizational capacity to develop such as project on their own.

Church Design & Construction will serve to assist local organizations to develop CCRCs by bringing to the local organization its own expertise in the industry that includes a development team capable of planning, financing and implementing such a project. Through its team of development and finance professionals, it will be able to bring the risk capital and project equity required to initiate the early stage project activities to determine the feasibility of proceeding forward. It is finding the means to carry out these risk capital funded activities, knowledge of how to finance CCRC projects and the ability to meet other project financing requirements that most often prevent otherwise good projects from being developed.

In exchange for providing the assistance outlined above, Church Design & Construction with the local church or non-profit organization will provide your church or organization with a share of the project profits as your revenue stream.