Tom Henry to be appointed new president and CEO
(Left) Marvin Plakut, president and CEO of Episcopal Homes; (Right) Tom Henry, chief of strategy and financial officer of Episcopal Homes
ST. PAUL (Jan. 11, 2024) — After a 25-year tenure overseeing the development of senior housing along University Avenue and helping to spearhead its redevelopment in the process, President and CEO Marvin Plakut, 69, will retire from Episcopal Homes on March 31, 2024.
“This has been a dream of a lifetime to work at Episcopal Homes,” Plakut said. “The continuum of care and affordability we’ve created on University Avenue is among the finest in Minnesota. It always takes a team, and Episcopal Homes currently has the strongest board and management team since my tenure began. It is a good time to pass the torch,” he said.
The Episcopal Homes board has voted to name Tom Henry, chief of strategy and financial officer, as its next CEO. Henry joined Episcopal Homes in 2015, and has overseen all aspects of financial operations and been the principal architect of many key initiatives for the $40-million nonprofit provider of senior housing.
“I am honored to follow in the footsteps of such an outstanding leader, and committed to the work Marvin has overseen during his time at Episcopal Homes,” Henry said.
Under Plakut’s tenure since 1999, Episcopal Homes has expanded significantly to meet a growing need for senior housing in St. Paul. The 130-year-old nonprofit organization has added seven facilities with more than 400 units, including 256 affordable apartments. Most significantly, Plakut has overseen the development of its core campus at University and Fairview Avenues, providing a continuum of care from market-rate to affordable housing, and from independent and assisted living to transitional care and skilled nursing and memory care. Hallmarks of the central campus include two chapels, a wellness program, pub, gym, therapy pool and Kinder Village, a daycare where residents interact with employees’ and neighborhood children.
When Plakut became CEO, Episcopal Homes had just two facilities — Episcopal Church Home and Iris Park Commons. During his tenure, both facilities were expanded, and the following facilities were built, initiating the dramatic resurgence of housing developments on University Avenue.
- Carty Heights, 412 N. Dunlap St., affordable independent living
- Cornelia House, 1840 University Ave. W., independent living
- Kings Crossing, 500 Dale St. N., affordable independent living
- Midway Pointe, 1880 University Ave. W., affordable independent living
- Seabury, 1830 University Ave. W., affordable independent living
- The Gardens, 1860 University Ave. W., Green House® nursing home
- The Terrace at Iris Park, 502 E. Lynnhurst Ave., independent living plus
Excavation of Cornelia House in 2004 (left to right): Marvin Plakut, Mark Ladwig and Jean Probst, board chair
More recently, Episcopal Homes has acquired The Pillars Hospice Home in Oakdale, Minnesota, to round out its service offerings with hospice end-of-life care. In addition to adding 146 market-rate and 256 affordable housing units, the number of staff grew from 150 to 650, and annual revenue grew from $4 million to $40 million under Plakut’s leadership.
“It’s hard to put into words the impact that Marvin has had on Episcopal Homes over the past quarter-century,” said Melissa Gilbertson, Episcopal Homes board chair. “We appreciate Marvin’s tenure and all that he has brought to Episcopal Homes over the years, and we wish him well in his retirement.
“All of us on the Board look forward to continuing our mission to enrich lives and build community for older adults under Tom’s leadership,” Gilbertson said. “We are in a sound financial and management position, and expect that the organization will remain on a steady course as we undergo this transition.”
Prior to joining Episcopal Homes, Henry was a business consultant and mental health practitioner. He received his bachelor’s degree summa cum laude in interdisciplinary studies with emphases in social work and business administration from the University of Wisconsin–Superior. He also holds a master’s degree in public policy from the Hubert H. Humphrey School of Public Affairs at the University of Minnesota, with concentrations in health care policy and nonprofit management.
About Episcopal Homes
Founded in 1894, Episcopal Homes is building community and enriching lives of older adults through senior communities that offer a continuum of housing options, services and affordability. Episcopal Homes has nine locations in the heart of Saint Paul, with its central Midway campus conveniently located along the METRO Green Line. Whether a resident is seeking the comforts of a peaceful senior community or the reassurance of 24-hour nursing care, Episcopal Homes can meet those needs.