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<br />Page 2 <br /> <br />V. DESCRIPTION OF ROSEWOOD ESTATE <br /> <br />Rosewood Estate exemplifies the concept of a Residential Alternative to the traditional <br />institutional nursing home environment for our frail elderly. By providing choices and <br />options for personalized services, customers have the opportunity to maintain <br />independence and dignity in their lives. By providing a secure residential setting for the <br />frail elderly, Rosewood Estate develops the atmosphere for customers and families to use <br />as many or as few of the services available to maintain independence in their lives and in <br />their own "homes." <br /> <br />The residents' family or an outside agency can provide service or assistance on a regular or <br />temporary basis. A licensed Home Health Care agency (presbyterian Homes of <br />Minnesota) offices in Rosewood Estate and contracts separately with each resident for <br />services provided to the resident. These services are provided to residents as needed and <br />are paid for in 15 minute increments or on a flat charges-for-service basis. <br /> <br />Residents who live at Rosewood Estate sign a residential lease which renews with each <br />successive month. As part of the base monthly rent, Rosewood Estate provides two meals <br />per day, social activities, housekeeping, maintenance and professional management. <br />Laundry can be done by the resident, family member or by the home health agency for a <br />small fee. About 500.10 of the residents purchase a third meal. An array of cultural <br />activities are available to residents as well as transportation to outside events and <br />appointments. <br /> <br />Eitdtty perrent of all residents use the services described above on a regular basis from the <br />in.:Itouse home health care agency. Assistance in activities of daily living (i.e., dressing, <br />JVooming, ambulating, eating, using the bathroom, and bathing) are provided by the <br />mdependent licensed Home Health Care agency. Medication monitoring and other <br />professional health care services are also available from the same agency. <br /> <br />Although many residents receive scheduled assistance, all residents of Rosewood Estate <br />have the availability of assistance with their needs by utilizing the "alert system" <br />communication devices provided to every Rosewood Estate resident. <br /> <br />Most residents at Rosewood Estate are women aged 80 or older. About 10% of the total <br />resident population are couples. Nearly 50% of residents previously resided in a nursing <br />home, 270/0 resided at home and 23% come from a hospital or other setting. Typically, <br />69% of the residents have previously lived within 7 miles of Rosewood Estate. <br /> <br />The income profile of residents reflects that approximately 600.10 of residents have incomes <br />of$20,OOO or less per year. <br /> <br />The average resident will live at Rosewood Estate for 15.9 months. Discharge to a nursing <br />home or death account for 77% of the turnover of Rosewood Estate residents. The <br />balance leave to reside with family or others. <br /> <br />Rosewood Estate is a Residential Living Alternative, as opposed to the traditional <br />institutional alternatives, for people who need support with their daily activities and cannot <br />live alone. In some cases, this support includes health care. <br />