623312 - Assisted Living Facilities for the Elderly
When it comes to understanding the health care landscape, NAICS Code 623312 plays a vital role. This specific code identifies businesses providing crucial support for elderly individuals who need residential care but not continuous nursing. Whether you're a business owner, government contractor, or simply interested in the sector, knowing the details of NAICS 623312 will help you navigate opportunities and compliance in the Assisted Living Facilities for the Elderly industry.
What is NAICS Code 623312?
NAICS Code 623312 is designated for Assisted Living Facilities for the Elderly. This industry classification pertains to establishments primarily engaged in providing residential care combined with limited nursing or supervisory care for elderly adults who do not require 24-hour continuous nursing care. The focus is on assistance with daily living activities rather than medical or intensive nursing services.
These facilities typically support residents by offering:
- Help with meals and dining
- Medication management and reminders
- Housekeeping and maintenance services
- Social and recreational activities
- Support with personal care and hygiene
Sector: Health Care and Social Assistance
NAICS 623312 falls under the broader Health Care and Social Assistance sector. This sector includes establishments that provide health care and social assistance for individuals. Assisted living facilities for the elderly specifically cater to the growing aging population, offering a blend of independence and support to enhance their quality of life.
Typical Business Activities Under NAICS 623312
Businesses classified under NAICS 623312 usually offer a range of services supporting the elderly, including but not limited to:
- Senior assisted living communities
- Residential care homes for the elderly
- Elderly supportive housing facilities
They provide an environment that balances autonomy and care, ensuring residents receive appropriate supervision and assistance throughout their daily routines.
Size Standard for NAICS 623312
For government contracting and small business eligibility purposes, the size standard for NAICS Code 623312 is $23.5 million in average annual receipts. This threshold helps define whether a business qualifies as a small entity under SBA (Small Business Administration) guidelines, which can impact access to government contracts and various assistance programs.
Detailed Code Information
| Code | Description |
|---|---|
| 623312 | Assisted Living Facilities for the Elderly |
| - | Assisted living facilities for the elderly without nursing care |
| - | Homes for the aged without nursing care |
| - | Homes for the elderly without nursing care |
| - | Old age homes without nursing care |
| - | Old soldiers' homes without nursing care |
| - | Rest homes without nursing care |
| - | Retirement homes without nursing care |
| - | Senior citizens' homes without nursing care |
Examples of Businesses Under NAICS 623312
-
Sunset Senior Living Community
A facility offering assisted living services focusing on personal care, social activities, and medication management without 24-hour nursing. -
Golden Years Residential Care Home
A residential home providing companionship, housekeeping, and supportive services designed for elderly residents who are largely independent. -
Harmony Elderly Supportive Housing
An elderly housing facility that assists residents with daily living tasks and promotes wellness through community engagement.
FAQ: Assisted Living Facilities for the Elderly (NAICS 623312)
Q1: What distinguishes assisted living facilities under NAICS 623312 from nursing homes?
A1: Assisted living facilities provide residential care combined with some nursing or supervisory care but do not offer continuous 24-hour nursing care, which is typical in nursing homes.
Q2: Who qualifies as a resident in these facilities?
A2: Elderly individuals who require help with daily activities such as meals, medication management, or housekeeping but do not need intensive nursing care.
Q3: Can businesses offering nursing care be classified under NAICS 623312?
A3: No, businesses providing continuous nursing care are classified under different NAICS codes.
Q4: What is the SBA size standard for small businesses in this industry?
A4: The size standard is $23.5 million in average annual receipts.
Q5: Are assisted living facilities covered by this NAICS code eligible for government contracts?
A5: Yes, if they meet the eligibility requirements, including the size standard, they can pursue government contracting opportunities.
Understanding NAICS Code 623312 is essential for anyone involved in the assisted living sector or interested in government contracting within the Health Care and Social Assistance space. By providing vital support services to the elderly, businesses in this industry help improve lives while navigating a complex yet rewarding market. Whether you are starting a new business, expanding services, or bidding on government contracts, a deep knowledge of NAICS 623312 will empower your success.
