The Riverwoods Company at Exeter New Hampshire
The Riverwoods Company at Exeter New Hampshire
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More about this organization
Mission
To establish, own, and maintain charitable continuing care retirement communities for the elderly
About
The Riverwoods Company at Exeter New Hampshshire (RWE) has one primary program service, to establish, own and maintain a continuing care retirement community which provides housing, health care services, food services, security and other ancillary services to elderly persons. On June 30, 2019 the community housed approximately 481 residents in independent apartments and 125 residents in the health care centers. Over the course of the year the health care centers served approximately 205 residents on a permanent, temporary, or per diem basis at a substantially discounted rate. The 'contractual allowance' (i.e. write-off) related to care provided for lifecare residents was in excess of $14,700,000 for the fiscal year ended June 30, 2019 (FY19). This is an average discount of 76% versus the standard monthly private pay rate in area nursing homes and assisted living facilities. Riverwoods also provided benevolence assistance for its residents who, through no fault of their own, have exhausted their financial resources. For FY19, Riverwoods provided financial assistance to a total of five residents in the amount of $192,165.
