Financial Stability
At Bishop Spencer Place, our faith-based heritage is the foundation for our mission to provide an engaging retirement lifestyle, gracious hospitality, and quality health care for life in a family-oriented environment. We are a nonprofit, single-site, locally-managed life plan retirement community with more than 20 years of experience serving seniors in the heart of Kansas City.
Selecting the right community is an important decision – you want a community that will be there for you today and in the future. Bishop Spencer Place has the following attributes that promote our (and your) stability:
- Opened in 1995, so we have more than 20 years of experience
- Governed by an independent, freestanding, volunteer board of directors, of which the president of the resident council is a voting member
- Part of Saint Luke’s Health System and affiliated with the Episcopal Diocese of West Missouri
- Compliance with 100% of our bond covenants; current on all payments and no missed or late payments
- Bonds have maturities of 20 and 30 years at low fixed rates
- Benevolent care funds which have provided more than $14 million dollars of care since 1995 to residents who have exhausted their financial resources
- No delays in paying a refundable entry fee when it’s due
