One of Los Angeles’s top retirement communities is seeking a new Vice President who will report directly to the President/CEO.
This is an exceptional career move for a collaborative, performance-driven leader to join an organization that is committed to enriching the lives of those they serve through excellence in senior living, life-enhancing activities, and person-centered care.
The average salaries for continuing care retirement community (CCRC) top leadership continued its upward trajectory in 2020. According to the latest Continuing Care Retirement Community Salary & Benefits Report from the Hospital & Healthcare Compensation Service, CCRC executive directors' average salary rose from $174,000 in 2019 to $182,000. These statistics equate to a 4.92% increase over the previous year, based on the same communities' data.
The 2020 report, endorsed by LeadingAge, included input from 565 CCRCs, with compensation data for more than 79,500 employees working in 46 management and 53 non-management roles. Nearly 72% of the respondents were nonprofit providers, with the rest working at for-profit companies. Of the nonprofits surveyed, 48.77% are faith-based.
The data collected for the report ranged from April 2019 to March 2020, before the COVID19 pandemic swept across the U.S. Most CCRC operators had communicable disease outbreak protocols and contingency plans to ensure resident and staff safety.
Average salary for CFOs was $148,051, compared with $154,165 a year prior, marking a 4.13% increase.
Associate Directors was $122,148 in 2019 to $126,981saw a 3.96% increase in salary.
Nonprofit CCRC Executive Directors and CEOs earned more than their for-profit counterparts.
Average salaries for EDs at nonprofit communities ranged between $143,750 - $198,160
Average salaries for EDs at for-profit communities ranged between $115,940 - $152,447
LM Hurley & Associates has conducted several CCRC, CEO Searches in 2020-2021. When we do an executive search for a CEO, we collect and report market compensation data to our clients, and we found a wide range from $150 000 to $320,000 with an average of $215,000. We can attribute most of the bell curve extremes to the community's size and the CEOs' tenure and accomplishments.
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LM Hurley & Associates places Bill Keck as Chief Executive Officer at Villa Marin
– Thursday, August 20, 2020
(San Rafael, CA)— Villa Marin Home Owners Association Board of Directors has named Bill Keck as Chief Executive Officer. In his new role, Keck will oversee all operations of Villa Marin, which is one of Marin County’s premier Continuing Care Retirement Communities.
“We’re pleased to present Villa with an accomplished, engaging senior living executive with high integrity, strategic vision, and exceptional leadership ability. He is a highly driven and successful senior living executive with over 20+ years of operational leadership experience. Bill has built unified performance-based cultures and high-performing teams that consistently established service and operational excellence for senior living facilities ranging from 60 to 240 apartments”, explained Lauren Hurley, President of LM Hurley & Associates.
“We are excited to have Bill join our team as CEO,” says Alan Kay, Villa Marin Home Owners Association Board President. “With over 20 years of operational leadership and experience in building unified performance-based cultures and high performing teams, Bill Keck brings a standard for care and operations performance that will help our CCRC continue to evolve, while always putting residents first.”
About Villa Marin CCRC
Located in the San Francisco Bay area, Villa Marin is among the most desirable Continuing Care Retirement Communities in the area. It is a highly unique not-for-profit CCRC consisting of 224 condominiums, and it is HOA owned and managed. The 224 units range in size from 660 to 3075 sq. ft. and are available in 7 different floor plans. Villa Marin was developed in 1985, and the facility and grounds are meticulously maintained and in pristine condition. The community is licensed for 28 Skilled Nursing Beds and has a Health Care Center staffed with Registered Nurses and Certified Nursing Assistants 24 hours a day and physicians who are always on call.
About LM Hurley & Associates Executive Recruiting
LM Hurley & Associates is an award-winning national Executive Search firm dedicated exclusively to the Senior Living industry. They are a national executive search firm with unmatched executive search experience that has been focused exclusively on recruiting in Senior Living since 1999. For more information, please visit www.LMHurley.com
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LM Hurley & Associates Executive Recruiting