Peconic Landing’s Sponsor Board includes 12 individuals who provide governance for the community. The Sponsor Board is responsible for ensuring the fiduciary integrity of the organization and the performance of services outlined in the contractual agreement between Peconic Landing and members of the Cooperative Association.
Members of Peconic Landing are granted membership in the Cooperative, a corporation, through the community’s distinctive equity program. The Housing Association Cooperative Board has seven members – four appointed by board members and three elected by members of the community.
As a lifecare community providing long-term care, Peconic Landing is subject to all the laws and regulations set forth by the New York State Department of Health in association with the New York State Continuing Care Retirement Community Council. The cooperative ownership aspect of the community is governed through the New York State Attorney General’s Office while the long-term care component of the lifecare contract is overseen by the New York State Department of Financial Services, which approves monthly service fees and purchase prices.
Peconic Landing is also a member of LeadingAge (formerly AAHSA) and LeadingAge New York (formerly NYAHSA).