Non-Profit vs. For Profit
Judson is a not-for-profit organization. Our goal is solely focused on the successful aging of our members and residents and has not changed for more than 100 years. There are fundamental differences between for-profit retirement companies and not-for-profit retirement organizations.
The following information is provided to you by Leading Age (formerly known as the American Association of Homes and Services for the Aging).
The Not-For-Profit Difference
Playing a crucial role in American
society for more than 250 years has earned not-for-profit
organizations the trust of their local communities and the respect
of the entire nation. From offering services tailored to individual
needs to creating an environment of trust and caring,
not-for-profit aging-services organizations strive to provide older
Americans with the quality of life they deserve.
These organizations have a long tradition of community service and
concern, and these values drive the delivery of care and services.
They are committed to providing older adults with an atmosphere of
fellowship and caring; meeting the social, physical, and spiritual
needs of the individual; and helping older persons preserve dignity
and independence. In short, not-for-profit aging-service providers
put people before profits.
Understanding the Not-for-Profit Difference
Not-for-profit aging-services providers are not unique by coincidence. In fact, these organizations were founded and are managed to ensure older adults continually receive quality of care that they can trust.
Mission
Not-for-profit providers meet the needs of older adults because they adapt to the changing aging-services landscape while remaining committed to their missions.
Governance
Community-based volunteers, not corporate investors, govern not-for-profit organizations. These individuals commit to ensuring that an organization remains true to its mission, responds to local needs and serves as an effective steward of its resources.
Quality
Not-for-profit aging-services organizations consistently use their resources to provide more hands-on care and develop new and creative ways to meet the needs of the people they serve and their families. These approaches help aging-services providers set the standard for quality in the field.
Resources
Not-for-profit organizations reinvest all resources into their missions. Resources are used not to benefit stockholders or increase company value, but to increase staffing, improve facilities, enhance services, and most importantly, ensure consumer and staff satisfaction.
Services
Not-for-profit organizations are committed to innovation and continuous quality improvement. These organizations tailor their housing, health care and community services to meet individual needs, not profit goals.
Ethics
Not-for-profit aging-services providers have a moral responsibility as caregivers, employers and members of the community. More specifically, the Leading Age mission, vision and ideals suggest that its members have at least a tri-fold responsibility: to provide high-quality service to those in need; meaningful work for staff, board members and volunteers; and an ethical workplace for employees.
Leading Age and our not-for-profit, mission-driven members are committed to providing healthy, affordable, ethical aging services.