A multi-stakeholder co-operative model of long-term care and assisted living would require a creative process of crafting a negotiated, democratic structure consisting of classes of membership reflecting the diversity of community and the organization:
- Funders (local health authority)
- Indigenous community (Shishalh Nation)
- Community partners (for example, housing agencies, foundations)
The co-operative model includes for-profit businesses such as Mountain Equipment Co-op and credit unions designed to share profits with their “owners” — the consumers who use the business — as well as not-for-profit co-operatives designed to reinvest any surplus back into the organization. The multi-stakeholder, long-term co-operative care model would see all funds, whether from government, fees, fundraising or other revenue sources invested in maximizing the quality of care delivered to the residents in a transparent and accountable process of participatory budgeting.