$300,000 FCLF financing
Line of credit for building and equipment improvements
Sunshine Meadows was started in 1951 by a group of local churches under the name “The Old Folks Aid Home” to provide care for the elderly. Since that time the organization has changed its name, grown in size and expanded its facility. Today, Sunshine Meadows is a full-service Assisted Living Facility, serving more African Americans than any other ALF in Sarasota.
With a line of credit from Florida Community Loan Fund, Sunshine Meadows will make improvements to its facility, including installation of a new generator as mandated by the State of Florida after the 2017 hurricane season. With a capacity for up to 75 residents, Sunshine Meadows provides housing and services to extremely low-income individuals in a low-income community in Sarasota. Patient care is coordinated with various managed care organizations, including the State of Florida as a qualified Medicaid Long-Term Care Community.
With a mission to “meet the healthcare and housing needs of elderly residents in the community,” Sunshine Meadows takes its community focus beyond the residents, with 95% of its employees living in the area around the facility. All employees are paid above minimum wage, and Sunshine Meadows is one of the largest African American operated employers in the city of Sarasota.
Pictured: above, Sunshine Meadows exteior. Below, a resident relaxes on the outdoor patio.