Good Shepherd is owned and operated by four business entities: Ecumenical Retirement Center Inc., a 501(c)3 Arkansas nonprofit corporation; ERC Foundation Inc., a 501(c)3 Arkansas nonprofit corporation; the Cottages of Good Shepherd Phase I, L.P. and Cottages of Good Shepherd Phase II, L.P., both of which are Arkansas for-profit limited partnerships. Good Shepherd operates with a “business mind” and a “mission heart” and is designed to invest all retained earnings into the Good Shepherd Community for the benefit of its residents, thereby assuring quality and affordable housing.