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How Can New Horizons Afford to Do
What it Does?
One of the most frequent questions visitors
to New Horizons ask is how our communities are able to provide the level
of accommodations and services they do, at rates that are noticeably lower
than industry norms. For certain, our basic monthly service fees typically
reflect significant discounts from most other competing retirement communities
offering equal or even lesser amenities. This is just one of many reasons
why we maintain waitlists at both facilities.
As not-for-profit community corporations,
both New Horizons at Marlborough and New Horizons at Choate exist to provide
award-winning assisted and independent living opportunities for Massachusetts
residents, based upon an important underlying charitable mission. Both
facilities are owned by the substantially endowed Cummings Foundation.
Both were developed with the goal of creating a major philanthropic corporate
presence in their respective communities.
Established in 1986, Cummings Foundation
has demonstrated a solid tradition of supporting community-based organizations
geared toward improving the quality of life of area residents, particularly
those benefiting senior citizens and youth. The Foundation considers these
contributions to be fundamental investments in the communities in which
they are made. In both Marlborough and Woburn, Massachusetts, New Horizons
has increasingly attracted the attention and interest of seniors who seek
unparalleled value and a setting that truly and quickly becomes "home."
William and Joyce Cummings of Winchester,
founders and primary benefactors of Cummings Foundation, maintain an active
role in both New Horizons facilities. Both they and Patricia Cummings
serve indefinite terms as trustees, along with other true community leaders
who serve as trustees of each facility and of Cummings Foundation itself.
They provide substantial ongoing support for community operations.
This keen involvement has distinguished
New Horizons as somewhat of an anomaly within the independent and assisted
living industry. Through the family's planning and contributions, neither
property has any type of mortgage whatsoever, and both consistently operate
on a very healthy financial base. Many consider New Horizons to be among
the best and lowest cost assisted living communities in Massachusetts.
Indeed, the very structure of New Horizons, as Cummings Foundation-owned
entities, essentially guarantees that their charitable mission will continue
into perpetuity.
One of the most unique benefits New Horizons
residents enjoy results from a decision by Cummings Foundation to effectively
subsidize each resident's fees every month, by absorbing most cost-of-living
and other operational increases on behalf of residents.
In some cases, residents who moved to
New Horizons even in 1995 are still paying the same basic monthly fee
as they did 10 years ago. This custom, while relatively unheard of in
the industry, is vital to Cummings Foundation's desire to meaningfully
and measurably serve as an award-winning Massachusetts assisted living
community.
Both not-for-profit family-operated New
Horizons campuses are designed to encourage healthy aging through recognition
of the necessity of support as one grows older, as well as the need for
education about aging to create and enhance positive attitudes. We are
delighted you have included us in your search for a retirement community,
and hope we may be of valuable assistance in helping you select your home.
Realizing that both facilities typically
maintain active waiting lists of seniors desiring to move in, we will
do our best to help accommodate your needs if you decide that New Horizons
is where you want to be. Providing high quality living arrangements for
seniors is not just our business; it is our profound goal.
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