bay village sarasota florida
Learn why Bay Village in Sarasota Florida is a highly sought after Life Plan Community, the costs and the contract options Bay Village offers.
Discover how seniors pay for their Entry Fees when moving to Bay Village and what seniors have to say in their reviews of Bay Village as a retirement community. Access Bay Village’s non-profit tax returns on this page.
Why do seniors love bay village in sarasota florida?
There are 71 Continuing Care Retirement Communities in Florida. At Second Act we help seniors finance their moves to retirement communities all over the country so we have come to know the various retirement communities seniors love! Bay Village is a first-class award-winning community in Sarasota.
Bay Village is known as a Life Plan Community in Sarasota Florida. One of the most well known and respected retirement destinations for seniors nationwide. Founded in 1975 by Dr. Arnold Poole, a local Pastor at the time at Pine Shores Presbyterian Church, who recognized the need to create a community among seniors that encouraged them to stay and continue to enjoy fellowship in Sarasota.
Bay Village is the only accredited Life Plan Community (also sometimes known as a Continuing Care Retirement Community) in Sarasota County with more than 400 residents. Residents from all over the United States retire to Bay Village.
Bay Village offers a complete retirement lifestyle and is known for excellent service.
- Winner of Senior Housing News Architecture and Design Award
- Newsweek Best Continuing Care Retirement Communities
- Environments for Aging Design Showcase Honorable Mention
- Founded by the Pine Shores Presbyterian Church with core values of caring for one another and welcome of all faiths.
- Resort-like setting
- Endless opportunities to participate in social groups focused on a variety of interests
- Daily excursions throughout Sarasota for meaningful and stimulating engagement
- Fitness Center with a focus by the staff on your wellness
- A connection to outdoor life
- A commitment to life-long learning
- Assisted Living, Memory Care, Skilled Nursing Care, Rehabilitative Care and Home Care as needed.
How do seniors pay for their entry fee at bay village in sarasota, florida?
To learn more read our blog article titled: Six Ways Senior Fund their Entry Fees in a Life Plan Community or CCRC.
Or download your Funding Guide below! This Guide was written by two leaders in senior living, a Certified Public Accountant and a Certified Financial Planner, and covers the various ways and considerations seniors must review as they decide how to best fund their entry fees.
What are the costs and Contract Options offered by bay village in sarasota?
Bay Village is the only Life Plan Community in Sarasota County (also known as Continuing Care Retirement Community (CCRC)) offering the benefit and contract options referred to as “Life Care.”
Costs for Bay Village according to its website are:
- Two Bedroom Apartments: $164,100 to $480,700 with applicable monthly fee 2024
- One Bedroom Apartments: $110,000 to $287,000 with applicable monthly fee 2024
- Studio Apartments: $49,900 to $86,400 with applicable monthly fee 2024
We cover the different types of Entry Fees typically offered in Life Care contracts in our Guide we encourage you to download here.
Life Care provides the peace of mind of knowing that as you get older should you need care, Bay Village will be there to help cover your future healthcare needs, such as Assisted Living, Memory Care or Skilled Nursing Care. In addition, home health aids and rehabilitation are also available should you have a need.
bridge loan solutions
for your ccrc entry fee
1. You gain breathing room and time to sell your home on your own terms.
2. It is easier to stage, show and sell your home for the best price if you are not living in it.
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What do senior reviews say about bay village in sarasota, florida?
Reviews:
Bay Village has top notch reviews. It is rare to find a bad review about Bay Village or its people. :
» Google Reviews indicate an almost 5-star rating.
do i have the right to ask for bay village’s tax return and financial standing?
As a non-profit, the tax returns of Bay Village in Sarasota and financial snapshot are publicly available information. Below is a snapshot of Bay Village’s overall tax return and financial position.
Click on the pictures below for a link to Pro-Publica’s Non-Profit Explorer. There you can download the complete and detailed information on Bay Villaged. Be sure to ask the community for their latest copy. When visiting a CCRC in Florida you have a right to ask for the community’s financial statements and tax returns in order to assess its financial viability.
One important note: the community may be in a strong financial position even if it shows a loss for the year. Tax and accounting rules and one-time charges may be the reason why. We always encourage explanations with the community staff when reviewing financials.
The Florida Office of Insurance Regulation, or Floir, regulates all Entry Fee Life Plan and Continuing Care Retirement communities. If you have any questions about inspection reports or other supervisory reports the office may have for Bay Village in Sarasota Florida, contact Floir staff directly at:
Regulation:
Florida Office of Insurance Regulation
Consumer Helpline Instate: 1-877-693-5236
Consumer Helpline Out of State: 850-413-3089
Email: consumer.services@myfloridacfo.com
Website: https://floir.com/consumers
