July 12, 2023
Local Retirement Community Awarded AVP Seal and Fitch Rating BBB+
Sleepy Hollow, New York — (July 10, 2023) – For the fifth year in a row, Kendal on Hudson received the “AVP Seal” based on their actuarial study results for fiscal year 2022. The AVP Seal is a designation developed by A.V. Powell & Associates and indicates that a community is placed at the top tier among its peer Life Plan Communities during the specified fiscal year. Less than 40% of clients meet these criteria, which are based on an internal peer review of a community’s most recent actuarial study.
In addition to the impressive AVP Seal, Kendal on Hudson has gained a Fitch Rating BBB+ with a stable outlook. The Fitch Ratings are forward-looking opinions on the ability of the entity to meet financial commitments. Ratings assigned by Fitch are opinions based on established, approved and published criteria, adding to their merit. Fitch Ratings hold widespread recognition as necessary for investment decisions, borrowing costs, market confidence and more.
“Kendal on Hudson is proud to receive these prestigious financial stamps of approval,” shares Steve Fishler, Interim CEO. “Kendal on Hudson is committed to unwavering financial excellence and prudent management of our resources. It’s important to appreciate community recognition for these efforts.”
To learn more about Kendal on Hudson, visit kohud.kendal.org or call 914-922-1000.
About Kendal on Hudson
Located in the historic lower Hudson Valley town of Sleepy Hollow just 35 miles from New York City, Kendal on Hudson is adjacent to Rockwood Hall State Park. The Life Plan Community offers a vibrant lifestyle with resident-engaged cultural programs and continuing learning, while also providing comprehensive on-site health care. It supports a culture of diversity, inclusiveness and independence.
About Kendal
Founded on Quaker principles and guided by its Values and Practices, the operating Kendal affiliates provide independent living, assisted living, memory support, skilled nursing and rehabilitation care. Kendal-affiliated senior living communities are located in Hanover, New Hampshire; Ithaca and Sleepy Hollow, New York; Northampton and Easthampton, Massachusetts; Lexington, Virginia; Washington Metropolitan Area; Chicago; Kennett Square, West Chester Pennsylvania and Oberlin, Ohio. Enso Village, a Zen-inspired Life Plan Community, currently is under development in Healdsburg, California. In Ohio, Kentucky and Massachusetts, Kendal at Home combines the security of a continuing care retirement community with the freedom and independence of living at home.
