HumanGood Company Research Report

Company Overview

• Name: HumanGood

• Mission: HumanGood is driven by the mission to help older adults live their best lives possible, however they define it. The company aims to create experiences that matter to its residents, focusing on inspiring their best lives with enthusiasm, confidence, and security.

• Founded: The roots of HumanGood go back to 1949 with the establishment of the American Baptist Homes of the West (ABHOW) and Pilgrim Haven Retirement Community in Los Altos, California.

• Founders: Originally started by ABHOW, a faith-based organization focused initially on providing for retired ministers and missionaries.

• Key People:

• John H. Cochrane III: President and CEO

• Andy McDonald: Chief Financial Officer

• Daniel S. Ogus: Chief Operating Officer

• Nick Lindberg: Chief Technology Officer

• Bethany Ghassemi: Chief Legal Officer

• Headquarters: 1900 Huntington Dr., Duarte, CA 91010

• Number of Employees: No information is available.

• Revenue: No information is available.

• What the Company is Known For: HumanGood is recognized as one of the largest nonprofit senior living providers in the United States. They specialize in Life Plan Communities and affordable housing for low-income seniors.

Products

Life Plan Communities

• Description: HumanGood offers Life Plan Communities, also known as Continuing Care Retirement Communities (CCRCs), which provide a continuum of care that adjusts as the needs of older adults change, including residential living, assisted living, skilled nursing, and memory care.

• Key Features:

• Offers a variety of care on one campus

• Provides community living that enhances quality of life

• Includes health services and lifestyle activities

Affordable Housing

• Description: HumanGood provides affordable housing for very-low-income seniors, redefining the standards of senior affordable housing to include innovative design and supportive services.

• Key Features:

• Over 100 affordable housing communities in California, Pennsylvania, and Washington

• Focus on innovative supportive services and quality standards

Recent Developments

• Fitch Ratings Upgrade: On December 11, 2024, Fitch Ratings upgraded HumanGood California Obligated Group's rating to 'A' with a stable outlook, recognizing their solid financial health and service reach.

• Recognition: As of November 12, 2024, HumanGood was recognized by U.S. News & World Report with ten of its communities ranked among the Best Nursing Homes.

• Awards: Bill Young, a vice chair on the HumanGood Foundation board, won the Caritas Award, demonstrating significant leadership and impact in senior living services.

• Community Engagement: HumanGood continues to focus on creating purposeful and engaged lives for their residents, sharing stories and experiences of resident involvement and personal growth through various media, such as blogs and videos.

Summary

HumanGood focuses on providing senior living solutions through its Life Plan Communities and affordable housing options, aiming to improve adults' quality of life. Despite lacking specific financial data, HumanGood's reputation and recognition in the industry indicate its influential role in redefining senior living standards. With recent developments like ratings upgrades and community accolades, HumanGood continues to bolster its position as a leader in nonprofit senior living services.