Givens Communities Achieves Strong Financial Rating

Givens Communities, a respected leader in senior living, has reached a major financial and organizational milestone by maintaining an A- rating from Fitch Ratings.

Announced July 8, the high rating highlights the nonprofit organization’s commitment to fiscal responsibility, excellence in care and long-term sustainability.

Fitch, one of the world’s most prominent credit rating agencies, cited Givens Communities’ financial management, strategic vision, and positive impact on the lives of residents and the broader region. The high rating denotes creditworthiness, a strong capacity to meet financial commitments, stable financial health, effective risk management, and reliability in honoring obligations, as well as operating sustainably, investment in growth and weathering economic uncertainties.

In its accompanying report, Fitch noted that while the Givens Communities service area was impacted by Hurricane Helene in September 2024, resulting in wind and flooding damage, the organization maintained consistent operations.

CFO Allen Squires

Other factors that contributed to high rating:
• Strong Governance and Leadership: Givens Communities is guided by a mission-driven board of directors and experienced executive team, both of which prioritize prudent management and ethical stewardship of resources.
• Consistent Revenue Streams: The organization has developed robust revenue streams through resident fees, philanthropic support, and strategic partnerships, ensuring stable cash flows and the ability to invest in facility improvements and services.
• Careful Debt Management: Givens Communities has maintained a conservative debt structure, carefully balancing capital needs with repayment capacity. This approach limits financial risk and helps preserve the long-term health of the organization.

“The A- rating brings tangible benefits and reassurance to residents, team members and the broader community,” said Allen Squires, the nonprofit’s Chief Financial Officer. “Residents and their families can trust that Givens Communities is financially sound and well-positioned to continue delivering quality services for years to come.”

 

(828) 575-1140
90 Far Horizons Lane, Asheville, NC 28803