Envisage Life (Formerly Longwood at Home Inc)

What it reported doing in 2025

Envisage is a long-term planning solution for adults age 60+ that allows them to anticipate their future care needs. Plan Members are able to receive supportive services and care in their own homes for as long as safely and medically practical. After a Member's eligibility is determined, having executed the program documents, the Member will be visited by a Personal Wellness & Care Coordinator. The Personal Wellness & Care Coordination Team will make regular visits at least annually to Members to identify any changes in health and functional status. When changes occur, arrangements will be made and, when covered by the Plan, will be provided at no cost to the Member according to the Plan options chosen at enrollment. Envisage now offers a "Signature" plan, which provides only care coordination services. Envisage was purposeful in the implementation of these plans with a goal to expand the target market to individuals that may have lower asset base or lower monthly income. In the fall of 2019, Presbyterian SeniorCare conducted a rebranding process and changed the name of the Property/Program from Longwood at Home, Inc. to Envisage Life. The corporation is now known as Envisage Life. Articles of Amendment were completed and filed December 16, 2019 and a copy of the Amended and Restated Articles of Incorporation of Envisage Life were updated and filed with the Department of Insurance, as well as submitted to the IRS with the 2019 990. Members were notified of the rebranded name on December 11, 2019. Presbyterian SeniorCare (PSC), was originally incorporated in the Commonwealth of Pennsylvania as a non-profit corporation in 1928. PSC is exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the "Code"), and is not a private foundation within the meaning of Section 509 of the code. It was organized to provide facilities, services and programs for the comprehensive care of the older adult and to maintain such facilities in the interests of the residents. PSC presently owns and operates three Personal Care Homes: Westminster Place, Southminster Place, Woodside Place of Oakmont, and an Assisted Living community, Woodside Place of Washington that opened in March 2020. Beyond its ownership of Westminster Place, Southminster Place, Woodside Place of Oakmont and Woodside Place of Washington, PSC is the sole member of non-profit membership corporations or a member of joint ventures, which in turn own and operate other older adult housing, personal care and skilled nursing facilities located throughout Southwestern Pennsylvania. PSC is also the sole member of a non-stock corporation, SeniorCare Network, Inc., which manages certain additional supportive housing communities for seniors and persons with disabilities pursuant to management contracts with non-affiliated owners of the facilities.Presbyterian SeniorCare accepted Lutheran SeniorLife, a 501(c)(3)organization, as an additional member of the Provider in September 2019. Lutheran SeniorLife has a limited membership of ten percent (10%), Presbyterian SeniorCare will remain majority member of Envisage Life. The Articles of Incorporation were updated and provided to the Department of Insurance, and the IRS. Envisage members were notified of the Lutheran SeniorLife membership on Sept. 26, 2019 at the Quarterly Membership Meeting. Members were also notified in writing on Sept. 26, 2019 through a letter that was mailed to their home. The Board of Directors of Presbyterian SeniorCare elects the members of Envisage Life Board of Directors. There is no financial obligation from Presbyterian SeniorCare to Envisage Life. Currently, Envisage has approximately 400 members that are enrolled in one of eight plans, providing a home-based licensed continuing care retirement program serving Western PA.Envisage Life is licensed by the Pennsylvania Department of Insurance and offers a compelling alternative to long-term care insurance for healthy, acti

Financial Efficiency

• Mission deployment rate: 82.3%; rating input score 82
• Program expense ratio: 81.7%; rating input score 82
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 37.5%; rating input score 38; 9th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -4.2%; rating input score 17; 17th percentile among comparable filings
• Total-asset coverage ratio: 2.22; rating input score 61; 61st percentile among comparable filings
• Liabilities to assets ratio: 1.05; rating input score 2; 2nd percentile among comparable filings
• Officer compensation ratio: 1.4%; rating input score 77; 77th percentile among comparable filings

Growth

• Program expense growth: 4.3% per year; rating input score 100; 32nd percentile among comparable filings
• Revenue growth: 6.9% per year; rating input score 100; 51st percentile among comparable filings
• Asset growth: 3.3% per year; rating input score 100; 24th percentile among comparable filings