ROCKLAND, Maine — An organization that has provided assisted living services for the community’s elderly for more than a century has closed the doors to its longtime home.
The Talbot Home is up for sale, said Charles Heald, vice chairman of the Talbot Home board of directors.
The decision to close was made in April by the board of the nonprofit Talbot Home organization, Heald said, after it was decided that financial losses could no longer be maintained.
The three-story, 20-room Victorian home near the downtown has not had a resident since February. The home was licensed by the state to have six residents.
“Without at least five residents at a time, we just would be losing way too much money,” he said.
The board made a public relations push earlier this year to try to attract new residents and explored options to generate other revenues, such as accepting adults with dementia for a day program. But those efforts did not succeed, he acknowledged.
The Talbot Home organization was originally called the Home for Aged Women and started more than 100 years ago at a house on North Main Street near the intersection of Broadway. In 1963, Marion Talbot Lilley and Jean Talbot Foote, whose family had been benefactors for the organization, donated the house on Talbot Avenue.
Heald said in March that the Talbot Home may have outgrown its niche. He said more people are going directly from living at home to more skilled nursing care facilities and skipping the assisted living-type home.
The Talbot Home did not accept MaineCare or other insurances, but instead residents or families paid $3,599 per month to live there. That payment included three meals per day that were cooked in a kitchen of the home. Staff were on hand around the clock to provide assistance to residents, such as giving them their medications if needed.
The asking price for the home is $299,000. The organization also has an endowment of about that same amount, Heald said.
The board has not decided what to do with the assets. The organization remains intact, and Heald said options include using that money to provide any needed services for elderly in Rockland or to donate the money to another nonprofit organization that serves the elderly.