“What can I expect from Carlyle Place in helping me to preserve my finances?”
Preserving available finances is a top priority of seniors. The leadership, board members, and staff of Carlyle Place understand this. That is why Carlyle Place is governed and operated in a manner that allows our community to remain financially sound and meet its long-term commitments to residents.
A Life Plan Community should always be willing to provide adequate financial information to allow prospective residents to understand the financial condition of the organization. Examples of such information include audited financial statements, information regarding accreditation, amount of debt, information about reserves, and financial forecasts for future years.
At Carlyle Place, we adhere to established industry standards for full financial disclosure concerning our operations. These Best Practices are established by the American Association of Homes and Services for the Aging and the American Seniors Housing Association.
It is important to us that each resident understands our overall financial condition, the specific terms of the agreement for housing, care, other services, as well as our policies governing refund and/or repayment of initial entry fees.