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Village East Retirement Communityinc

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Nonprofit Overview

Causes: Homeless & Housing, Senior Citizens Housing & Retirement Communities, Seniors

Mission: Provide retirement townhomes for lease to elderly tenants on a lifetime basis with a guaranteed return of 90% of the lease investment when the tenant dies or moves out.

Programs: Providing retirement homes for lease to elderly tenants on a lifetime basis with a guaranteed return of 90% of the lease investment when the tenant dies or moves out. 10% of the lease investment is amortized over a ten year period with the amortized amount recorded as cost fee income. If a vacated home is leased for a larger fee than the previous tenant receives 50% of the increase.

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