Financial Strength for the Long Run
Our financial statements for Tandem Living can be accessed by clicking the title below.
Tandem Living Audited Financial Statements as of June 30, 2025
At Tandem Living — the parent organization of Woodcrest Villa, Calvary Homes and Trillium Place — we know that choosing a senior living community is both a financial and a deeply personal decision. Residents and families want assurance that the community they choose today will be strong in the future.
Our audited financial statements for Tandem Living reflect a strong balance sheet, prudent leverage, and healthy cash reserves. In plain language, that means:
1. Strong asset base
Together, our communities steward a substantial base of land, buildings, and investments. This scale allows us to invest continuously in campus improvements, resident amenities, and infrastructure while planning responsibly for the future.
2. Prudent use of debt
Our organization uses long-term debt carefully, with coverage ratios and loan covenants that compare very favorably to typical benchmarks for not-for-profit senior living organizations. Debt is used strategically for campus development and renewal—not to fund operating shortfalls—positioning us well for future capital needs.
3. Healthy liquidity and reserves
We maintain appropriate operating reserves, board-designated funds, and investment balances to weather economic shifts, changes in reimbursement, and unexpected events. This financial cushion helps protect residents and staff when the broader economy or healthcare environment is under stress.
4. Stable operating performance
Our focus on cost management and disciplined budgeting has produced consistent operating performance over time. While senior living, healthcare, and wage costs continue to rise, we actively monitor trends and pursue efficiencies so that quality of care and resident experience remain strong.
5. Commitment to quality and benevolent care
Our financial strength exists to support Christ-centered care, quality staffing, and benevolent support for residents who outlive their resources. As pressures mount on labor, supplies, and regulatory requirements, a strong financial foundation allows us to maintain staffing levels, invest in training and technology, and continue helping residents in need.
How We Compare in the Marketplace
While we do not publish competitor-specific comparisons, industry benchmarks show that organizations with a larger consolidated asset base, manageable and well-structured debt, and consistent positive operating performance over time are better positioned to absorb wage inflation, rising healthcare costs, and market volatility than smaller or more highly leveraged providers.
On these measures, Tandem Living compares very favorably within our region and sector. Our financial resources, size, diversification across levels of care, and shared infrastructure give us flexibility that many communities do not enjoy.
What This Means for Residents and Families
For residents and their loved ones, our financial position translates into:
- A sustained commitment to Christ-centered service and benevolent care, not just today but for years to come.
- Confidence we are strategically positioned to meet future economic, regulatory, and healthcare challenges.
- Ongoing investment in quality, safety, and campus improvements.
Tandem Living stands on a strong, thoughtfully managed financial foundation—with the scale, stability, and mission focus needed to continue providing excellent services in an increasingly challenging environment.