Terrace Communities
Terrace Communities is a privately held family of six assisted living and memory care communities across Vermont, New Hampshire, and Maine, serving approximately 500 seniors with a workforce of nearly 450 employees through recurring residential fees.
- Company typePrivate
- Founded-
- HeadquartersManchester Center, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Terrace Communities does
Terrace Communities is a privately owned and operated family of assisted living communities headquartered in Manchester Center, Vermont, founded approximately in 1998 and operating for over 25 years. The company runs six senior living communities across three New England states: Scarborough Terrace in Maine; Wheelock Terrace and Windham Terrace in New Hampshire; and Equinox Terrace, Valley Terrace, and Woodstock Terrace in Vermont. Together these communities serve nearly 500 senior residents with a workforce of nearly 450 employees.
The company delivers four core service lines — Assisted Living, Memory Care (specialized dementia and Alzheimer's care), Respite Care (short-term stays), and Health Care & Wellness (nursing, medication management, post-hospital support, and hospice coordination). Care is delivered through private apartments in secure, home-like environments, with an integrated mind-body-spirit wellness approach combining physical activity, mental stimulation, nutrition, socialization, and spiritual fulfillment. The technology stack is traditional rather than proprietary: the company uses Google Analytics, Google remarketing, and standard community-level websites rather than any documented AI/ML or platform infrastructure.
The business model is direct-to-consumer residential services, with revenue generated through recurring monthly resident fees varying by community, care level, and apartment type. Pricing is not publicly disclosed and is quote-based per inquiry. The go-to-market motion is local: phone-driven inquiries (802-362-4660), community websites, active local press coverage across print, TV, and radio, and word-of-mouth referrals. The company supplements its operating identity with an affiliated non-profit, the Terrace Communities Foundation, which channels loans and grants to eldercare employees and financially needy seniors. Terrace Communities has earned multiple industry awards including ALPHA's Best of the Best Award, the American Health Care National Quality Award, Senior Advisor Best of Assisted Living (since 2013), and the Vermont Governor's Award for Excellence in Worksite Wellness.
Terrace Communities firmographics
Firmographics- Name
- Terrace Communities
- Legal name
- Terrace Communities
- Website
- https://terracecommunities.com
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Terrace Communities is a privately held family of six assisted living and memory care communities across Vermont, New Hampshire, and Maine, serving approximately 500 seniors with a workforce of nearly 450 employees through recurring residential fees.
- Ownership category
- akta.pro rank
Terrace Communities industry classification
Industry- Product category
- Senior Living Services
- NAICS
- Assisted Living Facilities for the Elderly (623312), Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (6233)
- SIC
- Services-Nursing & Personal Care Facilities (8050)
- akta.pro primary industry
- Luxury / High-End Assisted Living Communities (HLADABAD)
- akta.pro secondary industry
- Dementia & Alzheimer’s Respite Care (HSABAGAF)
Keywords
Where Terrace Communities is headquartered
LocationHeadquarters
- HQ city
- Manchester Center
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Terrace Communities business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Supply Chain
Revenue model
- Senior Living Residential Services: Terrace Communities generates revenue primarily through residential fees charged to residents for assisted living, memory care, and respite care services at their six New England communities. Services include private apartments, daily living assistance, meals, activities, nursing care, medication management, and specialized memory care programs.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Terrace Communities product offering
Product offeringCore offering
Terrace Communities operates six senior living communities across Vermont, New Hampshire, and Maine, delivering assisted living in private apartments, specialized memory care for dementia and Alzheimer's, short-term respite stays, and comprehensive health care and wellness services including nursing, medication management, and post-hospital support. Revenue is generated primarily through recurring residential fees paid by residents and families for these care services.
Product overview
Terrace Communities is a family of assisted living communities operating six senior living properties across Vermont, New Hampshire, and Maine. The company offers a unified portfolio of four core care services: Assisted Living (independent living with care support), Memory Care (specialized dementia and Alzheimer's care), Respite Care (short-term stays), and Health Care & Wellness (nursing, medication management, and rehabilitation services). These services are delivered through six named community locations—Scarborough Terrace (Maine), Wheelock Terrace and Windham Terrace (New Hampshire), and Equinox Terrace, Valley Terrace, and Woodstock Terrace (Vermont)—each providing the full range of care options with nearly 500 senior residents and approximately 450 employees.
Differentiator
Problem solved
Functional benefit
Products and services
- Assisted Living Assisted living services providing independent and carefree living in private apartments with access to care assistance as needed. Residents receive support with daily activities while enjoying communities with a full program of activities and social events, designed for seniors seeking help with daily living while remaining as independent as possible.
- Memory Care Specialized dementia, Alzheimer's, and memory care programs offering 24-hour care with increased staff-to-resident ratios in secure, home-like settings with personalized care plans, life-skill programs, and sensory stimulation activities for residents with Alzheimer's, dementia, or other forms of memory loss.
- Respite Care Short-term senior stays providing temporary assisted living, memory care, nursing, and rehabilitation services in fully furnished private suites with around-the-clock support for post-surgical recovery, trial stays, or caregiver relief.
- Health Care & Wellness Services Comprehensive senior health care including nursing care, post-hospital support, medication management, coordination of physician services, in-house therapy visits, and end-of-life hospice support with an integrated mind-body-spirit wellness approach combining physical activity, mental stimulation, nutrition, socialization, and spiritual fulfillment.
- Scarborough Terrace Assisted living and memory care community located in Scarborough, Maine serving seniors in the Maine region.
- Wheelock Terrace Assisted living and memory care community located in Hanover, New Hampshire serving seniors in the New Hampshire region.
- Windham Terrace Assisted living and memory care community located in Windham, New Hampshire serving seniors in the New Hampshire region.
- Equinox Terrace Assisted living and memory care community located in Manchester Center, Vermont serving seniors in the Vermont region and also serving as the corporate headquarters.
- Valley Terrace Assisted living and memory care community located in White River Junction, Vermont serving seniors in the Vermont region.
- Woodstock Terrace Assisted living and memory care community located in Woodstock, Vermont serving seniors in the Vermont region.
Quantifiable outcome
- Nearly 500 seniors served across six communities
- +1 more outcomes
Companies that use Terrace Communities
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles3 records
Terrace Communities technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Terrace Communities partnerships and signals
Strategic signalScale indicators4 records
Recent moves5 records
Expansion highlights3 records
Terrace Communities competitors and assessment
Company assessmentBroad incumbents
- Five Star Senior Living: National senior living operator providing assisted living, memory care, and healthcare services across many U.S. communities, comparable to Terrace in core service offerings and recurring residential fee model.
- Atria Senior Living: Major national senior living operator with 200+ communities emphasizing upscale assisted living and memory care; directly comparable to Terrace's premium positioning and assisted living plus memory care service mix.
- Brookdale Senior Living: Largest U.S. senior living operator with hundreds of communities offering assisted living, memory care, and independent living — comparable to Terrace in core service mix but vastly larger scale and national footprint.
- Sunrise Senior Living: Established national assisted living and memory care provider with a strong reputation for quality care and engagement programs — comparable to Terrace in care philosophy and premium market positioning.
- Loving Care Group / Senior Lifestyle: National senior living provider with assisted living, memory care, and independent living communities — comparable to Terrace in core assisted living plus memory care services and multi-state operation.
Regional players
- Northbridge Companies: Regional assisted living and memory care operator focused on New England — directly comparable to Terrace in geographic concentration, brand portfolio, and assisted living plus memory care offering.
Others
- National HealthCare Corporation (NHC): Healthcare services company operating skilled nursing, assisted living, and home care programs — adjacent comparable to Terrace for care continuum positioning and senior care operating expertise.
Emerging players
- Chelsea Senior Living: Smaller northeastern assisted living operator providing assisted living and memory care services in select markets — relevant peer for Terrace's multi-site, multi-state operating model at modest scale.
Direct peers
- Benchmark Senior Living: Northeast-based assisted living and memory care operator headquartered in Waltham, MA, comparable to Terrace Communities in scope of services, premium positioning, and multi-state New England footprint.
- Maplewood Senior Living: Premium Northeast-based senior living operator offering assisted living and memory care with emphasis on upscale design and wellness programs — comparable to Terrace's premium positioning and integrated mind-body-spirit approach.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Terrace Communities financial estimates
Financial estimateRevenue estimate
Valuation estimate
Terrace Communities leadership team
Management profileNumber of profiles
Terrace Communities subsidiaries and ownership
Company hierarchySubsidiaries1 record
Terrace Communities funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Terrace Communities M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Terrace Communities
What does Terrace Communities do?
Terrace Communities operates six senior living communities across Vermont, New Hampshire, and Maine, delivering assisted living in private apartments, specialized memory care for dementia and Alzheimer's, short-term respite stays, and comprehensive health care and wellness services including nursing, medication management, and post-hospital support. Revenue is generated primarily through recurring residential fees paid by residents and families for these care services.
Is Terrace Communities a public or private company?
Terrace Communities is a private company. It is classified as family owned and is currently operating.
When was Terrace Communities founded?
Terrace Communities was founded in -1. It employs 11 to 50 people.
Where is Terrace Communities based?
Terrace Communities is headquartered in Manchester Center, United States, in the North America region.
How does Terrace Communities make money?
One revenue line is on record: senior Living Residential Services.
Who are Terrace Communities's main competitors?
Broad incumbents on record are Five Star Senior Living, Atria Senior Living, Brookdale Senior Living, Sunrise Senior Living and Loving Care Group / Senior Lifestyle. Northbridge Companies is listed as a regional player. National HealthCare Corporation (NHC) is listed as an others. Chelsea Senior Living is listed as an emerging player. Direct peers are Benchmark Senior Living and Maplewood Senior Living.
Does Terrace Communities have an API?
No public API is recorded for Terrace Communities.
What industry is Terrace Communities in?
Terrace Communities's product category is Senior Living Services. Its primary akta.pro industry code is HLADABAD, Luxury / High-End Assisted Living Communities, with a secondary code of HSABAGAF, Dementia & Alzheimer’s Respite Care. Its NAICS code is 623312 and its SIC code is 8050.