Getting mail is fun. Sign up for our newsletter, here.
Many communities are resident run. And while that’s wonderful, it’s not the same as self governance. Here’s how they’re different.
Q: Who owns and manages Terwilliger Plaza?
A: Terwilliger Plaza is a stand-alone, independent, non-profit, 501(c)(3) organization and thus has no owner. It is managed by a local Board of Directors, and the majority of the Board lives at Terwilliger Plaza.
Q: Are all continuing care facilities self-governed?
A: No. Only a handful in the entire nation are self-governed.
Q: What’s the difference between self governance and resident run?
A: Terwilliger Plaza’s self governance by-laws require that the board consists of nine to eleven people with a majority being members that live at Terwilliger Plaza. Other self-governed communities may have different requirements. But with resident run, there are no by-laws requiring member participation on the board.
Q: Do I get to vote on all decisions made at Terwilliger Plaza?
A: Terwilliger Plaza Members are encouraged to vote to elect Board Members, who make the key policy and financial decisions for the organization.
Q: What about the minutes from the board meeting?
A: We are a full-disclosure community and our board meeting minutes and financials are accessible and available for viewing. This kind of transparency is unique.
Q: Is there any other kind of transparency?
A: Yes. An up-to-date copy of the community’s financial statement is available for review in the community library. Community members participate in quarterly Town Hall Meetings. And elections coincide with the Annual Meeting.
Q: What does the board talk about, anyway?
A: From strategic planning to renovations and more, the board focuses on the governance, and financial management as well as the, health and safety of its members and the community.
Q: What’s the downside of being a self-governed community?
A: It can be challenging to make difficult or unpopular decisions and then have to answer to your neighbors at the next social gathering. But it’s a small price to pay for having a voice — and a vote.