The Capital Issue

Summer 2006

Welcome to The Capital Issue, Lancaster Pollard's e-newsletter. We are pleased to offer this summer issue and strive to keep this resource educational. We are happy to consider any suggestions you may have for article ideas.

Thomas R. Green, CEO

Life or Death by Deadline: Letter of Credit Renewals
6/9/2006

Life or Death by Deadline: Letter of Credit Renewals

The financing is over; the bonds have been issued. Letter of credit documents and the official statement or offering circular have been placed high upon a shelf, where they gather dust as construction gets under way or renovations move forward.

 “SHIFT” in Perception: New index helps small hospitals better understand their financial health
6/8/2006

“SHIFT” in Perception: New index helps small hospitals better understand their financial health

Lancaster Pollard recently developed its Small Hospital Indicators of Financial Strength (SHIFT) Index to help provide a better understanding of financial ratios and benchmarks for small hospitals. This article is the first in a series of Lancaster Pollard small hospital research findings.

United Methodist Retirement Community: A Case Study
6/7/2006

United Methodist Retirement Community: A Case Study

In recent decades the economic formula for community nursing homes has shifted dramatically as many alternatives to nursing homes have developed. The result has been not only a loss of residents paying market rates, but also an increase in residents requiring a higher level of care at a higher cost when they finally require the services of a licensed nursing facility.

Living Older: What does it mean for your residents’ housing needs?
6/6/2006

Living Older: What does it mean for your residents’ housing needs?

One of the major areas of financing for Lancaster Pollard Mortgage Company is the preservation of affordable senior housing through the acquisition and rehabilitation of existing affordable housing units. For many projects, tenants have “aged in place” and are well into their 70s and 80s. This phenomenon, also known as “naturally occurring retirement communities,” necessitates changes to assure tenants can maintain their quality of life.

6/5/2006

Budgeting for Tax-Exempt, Variable-Rate Debt

Research conducted by Lancaster Pollard shows considerable variation among the strategies nonprofit organizations use to budget for unhedged floating-rate debt. These variations beg the question: What are best practices?