— in expenses

ST. Francis life care corporation (operated as franciscan oaks) was a 501(c)(3) continuing care retirement community (CCRC) with 286 independent living units, 34 assisted living units and 84 skilled nursing beds. Franciscan oaks offered a variety of different programs that were designed to meet the physical, emotional, recreational and social needs of the elderly. The organization gave back to the community through such programs as food and clothing drives. Franciscan oaks operated at the lowest feasible cost while taking into account cash flow requirements such as payment of indebtedness. Its entrance fees and monthly charges were set at rates that were generally affordable in the community, with certain entrance fees being refundable. This pricing structure ensured that franciscan oaks reached the broadest portion of the community possible. Franciscan oaks was committed to the established policy of maintaining, in residence, any person who was unable to pay their regular charges by using the organizations own reserves or soliciting funds from its sponsoring organization or the general public. ST. Francis life care corporation sold its assets to springpoint senior living INC. On may 5, 2016 and ceased operations.