Strength and Stability:
Presbyterian Village North

Strength. Stability. Security. Three of the most important things to look for when choosing a retirement community. Not only the community itself, but also its roots. At Presbyterian Village North, those roots run deep.

Strength of Owner

• Forefront Living is the parent organization/owner of Presbyterian Village North, Faith Presbyterian Hospice, The T. Boone Pickens Hospice and Palliative Care Center and The Outlook at Windhaven. Each entity is financially self-supporting within the system.
• Forefront Living is based in Dallas, just two miles from Presbyterian Village North (PVN), creating a culture of certainty with local management and ownership.
• The Forefront Living executive staff of four is made up of seasoned leaders who have over 100 years of combined industry experience.
• Our governing board of trustees is made up of community-based leaders from a variety of industries who ensure we remain true to our mission, and who serve as effective stewards of our resources.
• With values of diversity, integrity, stewardship, and compassion, Forefront Living provides services to people of all faiths, races, genders, colors, religions, national origins, and disabilities.
• Forefront Living is a nonprofit organization with history dating back to the early 1960s with a mission “To make each moment matter for those we serve.”
• Responsible and prudent growth has made Forefront Living one of the strongest senior living systems in the region.

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Financial Stability

• The Hawthorne is PVN’s newest neighborhood of 112 independent living apartments and opened in the summer of 2022. Construction of The Hawthorne was financed through tax-exempt bonds, which required meeting lenders’ strict occupancy and financial covenants.
• Forefront Living/PVN management monitor monthly key performance indicators against industry standards. Metrics include days cash on hand, debt coverage ratio, unrestricted cash, occupancy trends, and net operating income.
• Forefront Living owns the land on which PVN is built.

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Regulation and Oversight

• Presbyterian Village North is regulated by the Texas Department of Insurance to ensure sound operations. We file our Disclosure Statements annually, which include audited financial statements with sources and uses of funds as well as an income statement of PVN. Copies of the current Disclosure Statement are available through the PVN Marketing Department.
• Currently PVN has two covenants from lenders: days cash on hand of 120 days and a debt service coverage ratio of 1.2 times. On December 31, 2021, PVN had 299 days cash on hand and a debt service coverage ratio of 2.75 times, thereby exceeding the covenant requirements.

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Peace of Mind

• Forefront Living/PVN has never asked a resident to leave who outlived their financial resources due to no fault of their own.
• Residency contract outlines entrance fee refund due to resident/resident’s estate upon re-sale of any like ( financial) residence, not upon re-sale of the resident’s specific residence.
• In its 60-year history, Forefront Living has never failed to pay an entrance fee refund due to a resident.