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BUSINESS PROFILES | MAY 2024 | HARTFORD BUSINESS JOURNAL 27 Address: 200 Seabury Drive, Bloomfield, CT 06002 Phone: (860) 286-0243 Fax: (860) 242-4552 Website: www.seaburylife.org Product or Service: An active life plan community with access to on- site healthcare including assisted living, enhanced assisted living, memory care and skilled nursing. Top Executive: Renée J. Bernasconi, MBA, LNHA, President & CEO No. of Employees: 440 Year Founded: 1876 A s Church Home of Hartford, Inc., d.b.a. Seabury, a not-for- profit organization, approaches its sesquicentennial in 2026, it stands as a beacon of sustainability, financial stability, and strategic agility in the life plan community (LPC) field. This 150-year milestone reflects Seabury's storied history and its forward-looking vision and mission, characterized by innovative practices, sustainable growth and a steadfast commitment to the well-being of Seabury residents, members and employees. Sustainability: Leading the Green Revolution Seabury's approach to sustainability is comprehensive, combining advanced technology with responsible stewardship of resources. The community's utilization of solar and geothermal energy is a testament to its investment in renewable, clean energy sources, significantly reducing its carbon footprint and setting a standard for eco-friendly community living. Moreover, Seabury's commitment extends to waste management, where its commercial composter handles organic waste, transforming it into valuable compost for landscaping. Prestigious recognitions further underscore the journey towards sustainability, such as Green Globes certification and status as a Level 4 Green Restaurant. These accolades reflect Seabury's commitment to environmental protection and promoting a culture of sustainability. Such initiatives mitigate our impact on the environment and result in operational efficiencies that sustain the community's resources. Financial Stability: A Foundation for the Future At the core of Seabury's longevity is its robust financial health, underpinned by a strategic approach to fiscal management. As of YE 2023, Seabury had unrestricted cash and investments of approximately $29 million. Key indicators such as Debt Service Coverage Ratio (DSCR) of 1.9x for FY 2023 and Days Cash on Hand (DCOH) at 300 days at the end of 2023 highlight the organization's financial strength and prudence. These metrics reassure residents and stakeholders of Seabury's ability to meet its long-term obligations while continuing to invest in its mission and infrastructure. This financial stability is pivotal as it provides the foundation for Seabury to embark on its sustainable initiatives and growth strategy. Strategic Agility: Navigating the Future with Confidence Seabury's agility in responding to the evolving needs of the LPC market is evident in its continuous efforts toward expansion and repositioning, as well as innovative home-and community-based services including Seabury At Home. By anticipating demographic shifts and the changing preferences of the aging population, Seabury has embarked on strategic projects designed to enhance its offerings and secure its position as a leader in the field. These initiatives demonstrate Seabury's forward-thinking mindset, embracing innovation to better serve its members while securing its future. The planning for a 24-unit Independent Living project is a prime example of this strategic agility. This endeavor addresses the demand for more living options and is planned with sustainability in mind, reflecting Seabury's commitment to responsible growth. Such undertakings ensure Seabury can accommodate a broader demographic, further diversifying its community and enhancing its vibrancy. The initial entrance fee pool will likely fully retire the construction loans, further enhancing Seabury's financial strength. A Legacy of Excellence, A Future of Innovation As Seabury celebrates its 150th anniversary, its commitment to sustainability, financial stability, and strategic agility positions it uniquely for the future. The organization's dedication to innovation and charitable mission, combined with a deep respect for its heritage, ensures it will continue to lead by example in the LPC field. Seabury's journey is more than just a reflection of its past; it is a roadmap for a sustainable, resilient and dynamic future. A legacy of excellence in sustainability, financial stability, and strategic agility