United Church Housing Corporation Case Solution

President of the Society of the United Church of housing (UCHC) in Regina, Saskatchewan, received information from an outside consultant was hired to evaluate the state of affairs of the UCHC. This nonprofit organization, has worked for over 50 years and had built houses for many seniors who were both affordable and personal independence. In 2005, the Board approved a new four-story facility UCHC Assisted Living, Wascana Wing, which was built in response to long waiting lists. With this decision, the UCHC Board had a mortgage of $ 3 million to fund the project. Since the opening of the new facilities, UCHC was plagued by high vacancy rates that the new entry of competitors profit senior housing. The combination of high unemployment rates and the financial position of high leverage UCHC were the source of losses from 2006 to the present. The profitability of the mentality of the card did not work. UCHC was at an important crossroads – the housing situation of more than 100 older people living in apartments and chalets Homes should be decided at the next meeting. The question was whether June, a retired nurse, recommends that the Board of Directors to liquidate UCHC or suggestions that would require major changes in the current business model.
by
Peter Moroz,
Edward Gamble,
Stewart Thornhill,
Peter Mayne
Source: Ivey Publishing
14 pages.
Release Date: June 8, 2012. Prod #: W12433-PDF-ENG
Solution Case United Church Housing Corporation

United Church Housing Corporation Case Solution
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