What Cypress View Foundation does

Cypress View Foundation is a tri-municipal, non-profit seniors housing organization established in 1960 and domiciled in Medicine Hat, Alberta, Canada. It operates a single five-acre campus at 722 Bassett Crescent NW overlooking the River Valley and serves seniors aged 65+ from Medicine Hat, Redcliff, and Cypress County. Governance is provided by a Board of Directors with two representatives each from the Town of Redcliff, the City of Medicine Hat, and Cypress County, and the organization holds CARF Canada accreditation for health and human services quality. Cypress View Foundation was previously known as Teeoda.

The organization delivers three core living products: Teeoda Apartments (independent living with one-bedroom units and rent set at 30% of monthly income), Lodge Supportive Living (one-bedroom units of 268-282 sq.ft with three meals/snacks, housekeeping, and basic furnishings included), and Continuing Care Home Type B/HCA (one-bedroom units of 268-315 sq.ft with 24-hour personal care, accessible only via Alberta Health Services Home Care referral). All residents share access to common amenities including an in-house bistro, dining room, exercise room, solarium, community lounge, courtyard, and activities programming staffed by an Activities & Accommodations Manager. An in-house Red Seal Chef prepares meals using ingredients sourced from local growers.

The business model is a monthly recurring subscription pricing model with rent-geared-to-income mechanics: Teeoda rent is fixed at 30% of monthly income, Lodge Supportive Living rent is subsidized based on income with a minimum disposable-income allowance, and Continuing Care residents pay maximum rent once income crosses the subsidy threshold. Continuing Care residency requires Alberta Health Services Home Care referral, embedding a public-sector gatekeeper into the highest-acuity revenue stream. Other revenue and cost inputs (utilities, cable, Wi-Fi, parking, personal laundry, storage) are billed as optional add-ons. The go-to-market motion is direct-to-consumer via self-referral for independent and supportive living, complemented by community outreach, facility tours, and word-of-mouth; the marketing channel mix is the organizational website, a Facebook page, and field/community outreach rather than paid acquisition. The organization also runs an in-house volunteer program (40+ volunteers, ~25% of residents) and a community-engagement ecosystem with 20+ performing groups, local schools, churches, and growers.

Name

Cypress View Foundation

Legal name

Cypress View Foundation

Website

https://cypressview.org

Company type

Private

Founded year

1960

Operating status

Operating

Headcount range

11–50 employees

Short description

Cypress View Foundation is a tri-municipal non-profit operating since 1960 a five-acre seniors housing campus in Medicine Hat, Alberta, offering rent-geared-to-income independent living, supportive living, and 24-hour continuing care to residents aged 65+ across Medicine Hat, Redcliff, and Cypress County.

Ownership category

akta.pro rank

Product category

Senior Living

NAICS

Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (62331), Continuing Care Retirement Communities (623311), Assisted Living Facilities for the Elderly (623312), Services for the Elderly and Persons with Disabilities (624120)

SIC

Services-Nursing & Personal Care Facilities (8050)

akta.pro primary industry

Independent Living Real Estate Owners/Operators (REITs & Management Companies) (HLADAAAG)

akta.pro secondary industries

Independent Living with Supportive Services (Light ADL/IADL Support) (HLADAAAE), Small Residential Care Homes (RCFE/Board & Care) (HLADABAF)

Keywords

• Senior living services
• Affordable seniors housing
• Continuing care facilities
• Supportive living services
• Independent living housing

Headquarters

HQ city

Medicine Hat

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales, Others

Revenue model

1. Rent-geared-to-income housing: The organization provides affordable housing where rent is calculated as 30% of monthly income for Teeoda Apartments, with rent subsidies based on income for Lodge Supportive Living. Maximum rent applies for those meeting or exceeding the income subsidy threshold. This creates a sustainable revenue model based on residents' ability to pay.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Cypress View Foundation operates a non-profit senior living campus offering three graduated levels of housing and care for adults aged 65 and older: Teeoda Apartments provide rent-geared-to-income independent living at 30% of monthly income; Lodge Supportive Living offers self-referral supportive housing with meals, housekeeping, and utilities included; and Continuing Care Home (Type B/HCA) delivers 24-hour personal care support, accessible via Alberta Health Services Home Care referral. All residents share access to common amenities, in-house dining prepared by a Red Seal Chef, activities, and emergency call systems.

Product overview

Cypress View Foundation is an independent/assisted living facility offering three distinct living options: Teeoda Apartments (rent-geared-to-income independent living at 30% of monthly income), Lodge Supportive Living (self-referral supportive living with included meals and housekeeping), and Continuing Care Home (24-hour care requiring Alberta Health Services referral). All options provide unrestricted access to shared amenities including dining areas, activity spaces, exercise facilities, and outdoor spaces.

Differentiator

Problem solved

Functional benefit

Products and services

• Teeoda Apartments (Independent Living) Spacious one-bedroom independent living apartments featuring a three-piece bath, living area, and full kitchen with stove and fridge, located in the tower with views of the river valley. Residents share laundry facilities and have access to common areas, security, privacy, and independence. Rent is 30% of monthly income, with applicants required to be 65+ and fall under the Provincial Income Threshold.
• Lodge Supportive Living Self-referral supportive living option allowing residents to maintain independence while enjoying meals, weekly housekeeping, and a full range of activities. Includes one bedroom with private bathroom (268-282 sq.ft), basic furniture, three meals and snacks daily, light housekeeping twice per week, bedding and towels laundered, emergency call pendants, and utilities included. Rent subsidies are based on income, with maximum rent for those at or above the subsidy income threshold.
• Continuing Care Home (Type B/HCA) Type B/HCA continuing care accommodations providing 24-hour personal care support for residents requiring more assistance than supportive living. Must be referred by Alberta Health Services Home Care and meet eligibility criteria. Features one bedroom with private bathroom (268-315 sq.ft), 24-hour healthcare, special diet options, and optional add-on services including cable, internal phone line, Wi-Fi, parking, personal laundry service, and storage.

Quantifiable outcome

• Over 60 years of operation serving seniors in the region
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core and minor.

• Alberta Health Services Home CarecoreStrategic or Co-development PartnerAlberta Health Services Home Care provides scheduled healthcare for Teeoda Apartments and Lodge Supportive Living residents. For Continuing Care Home, AHS Home Care serves as the referral pathway, determining eligibility for residency. This partnership ensures appropriate healthcare coordination and funding for residents requiring healthcare services.
• Town of RedcliffcoreOthersOne of three participating municipalities in the tri-municipal non-profit organization. Town of Redcliff Council appoints two representatives to the Board of Directors.
• City of Medicine HatcoreOthersOne of three participating municipalities in the tri-municipal non-profit organization. City of Medicine Hat Council appoints two representatives to the Board of Directors.
• Cypress CountycoreOthersOne of three participating municipalities in the tri-municipal non-profit organization. Cypress County Council appoints two representatives to the Board of Directors.
• Veiner Centre SingersminorOthersLocal community music group that performs regularly at Cypress View Foundation, providing entertainment and cultural engagement for residents.
• Veiner Liners (Line Dancers)minorOthersLocal line dancing group that performs at Cypress View Foundation, providing entertainment and opportunities for resident participation in line dancing activities.
• Local Elementary Schools and Music StudentsminorOthersSchools and music students perform seasonal concerts at Cypress View Foundation, fostering intergenerational connections and community engagement.
• Local Growers (Food Suppliers)minorOthersLocal growers supply fresh ingredients for meals prepared by the in-house Red Seal Chef, supporting local agriculture and ensuring fresh, nutritious dining for residents.
• Local Church RepresentativesminorOthersLocal church representatives lead on-site chapel services at Cypress View Foundation, providing spiritual support and worship opportunities for residents of all faith backgrounds.

Scale indicators5 records

Recent moves7 records

Expansion highlights3 records

Direct peers

• Verve Senior Living: Canadian operator of independent living, assisted living, and memory care residences across multiple provinces. Comparable to Cypress View in providing a graduated continuum of care in a community setting, though at greater geographic scale.
• Optima Living (formerly Optima Retirement Living): Western Canadian owner/operator of independent living, assisted living, and memory care communities. Comparable mid-size multi-tier seniors housing operator with community-integrated service delivery similar to Cypress View's model.
• AgeCare: Western Canadian operator of seniors retirement living, supportive living, long-term care, and home health. Most directly comparable to Cypress View as an Alberta-based multi-tier seniors housing provider with both private and subsidized options.
• Sherbrooke Community Centre (Saskatoon): Saskatchewan-based non-profit continuing care and seniors housing operator offering multi-tier care (independent, supportive, long-term) on a single integrated campus. Closest non-profit municipal-governance analogue to Cypress View's tri-municipal structure in a Prairie Canadian context.
• The Good Samaritan Society: Large Canadian faith-based non-profit operating independent living, supportive living, and continuing care/long-term care communities across multiple provinces. Directly comparable to Cypress View as a non-profit, multi-tier seniors housing operator serving lower-to-middle income seniors with rent-subsidized accommodations.

Broad incumbents

• Revera Inc. One of Canada's largest senior living operators, providing independent living, assisted living, memory care, and long-term care across retirement communities. Comparable business model to Cypress View's CCRC-style continuum but at significantly greater scale and with private-pay positioning.
• Chartwell Retirement Residences: Canada's largest owner/operator of senior living residences, operating independent supportive living and memory care communities nationwide. Comparable to Cypress View in offering graduated care levels, though predominantly private-pay rather than rent-geared-to-income.
• Extendicare (Canada): Major Canadian provider of long-term care, retirement living, and home health services. Comparable to Cypress View's continuing care / personal care component, though Extendicare operates at much greater scale and primarily under government contract.
• Sienna Senior Living: Canadian operator of retirement residences and long-term care communities, including independent supportive living and memory care. Comparable continuum-of-care model to Cypress View's three-tier structure.

Regional players

• Park Place Seniors Living: Western Canadian owner/operator of independent living, supportive living, and long-term care communities. Comparable to Cypress View as a mid-size CCRC-style operator primarily serving Alberta and British Columbia seniors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cypress-view-foundation

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cypress View Foundation