The UnionLeader.com is reporting that the Grand Lodge of new Hampshire is closing its Masonic Home in Manchester. Grand Secretary John C. Marden is quoted as saying, "We lost a huge sum of money out of our portfolio in a very short time." He said it costs between $1.5-$1.75 million a year to keep the facility open.
The Masonic Home opened its doors 105 years ago, but the 52 bed facility is down to just 20 residents these days. This is even with a recent change that allowed non-Masonic related residents to use the facility. Masons and their families make up only a fraction of the residents.