Croasdaile Village Retirement Community
2600 Croasdaile Farm Parkway, Durham, North Carolina 27705 · Community website
- Operator:
- The United Methodist Retirement Homes, Inc. (managed by Life Care Services LLC)
- Ownership:
- Nonprofit
- Affiliation:
- United Methodist (North Carolina Annual Conference); the Conference is not responsible for UMRH's obligations
- Opened:
- 1999
Owned by The United Methodist Retirement Homes, Inc. (UMRH), which also owns Cypress Glen and Wesley Pines; day-to-day management under contract with Life Care Services LLC.
- Type B (modified)
Figures from the 2026 disclosure statement (fiscal 2025 finances), filed with the North Carolina Department of Insurance.PDF
At a glance
Refund plans offered
- Standard (0% after 50 months)Can decline to nothing
- 50% Return of CapitalNever less than 50% of the fee
- 90% Return of CapitalNever less than 90% of the fee
Days cash on hand
Read the note on this figure
Group figure for UMRH, which also owns Cypress Glen and Wesley Pines; it is not a Croasdaile-only ratio. Consolidated cash and investments ($132.7M, p72) cover about 598 days of consolidated FY2025 cash operating expenses; the reported 700.69 days could not be reproduced from the statements and may count assets limited as to use such as the $20.1M statutory operating reserve.
Independent living occupancy
Nursing care, CMS overall rating
What care costs later
How each contract prices assisted living and nursing if you need them. The contract type decides most of what a long stay costs.
- Type B (modified): A set number of care days is included, or care is charged at a stated discount.
How the contract types compare
Type B (modified)
Each resident gets 6 free days a year of assisted living or nursing care combined, renewing annually and not accumulating, while still paying the monthly fee. Beyond those days, and after a permanent move, the resident pays the per diem rate for the level of care; continuing care residents take priority when there is an assisted living waitlist.p. 141
- Assisted living
- Per diem: assisted living 1 bedroom $360 a day ($541 double), 2 bedrooms $402 ($583 double); memory care $402 a day; after 6 free days a year.
- Nursing care
- Per diem: semi-private $451 a day, private $505 a day; after 6 free days a year.
- Care days included
- 6
- Priority for a bed
- Yes, residents come before outside admissions
| Independent living | 450 |
|---|---|
| Assisted living | 46 |
| Memory care | 16 |
| Nursing care | 102 |
Entrance fees
One-person prices as the filing lists them, by contract. A second person usually pays the extra amount shown.
Standard Residency Agreement · Type B (modified) (47 prices, $70,619 to $586,998)
| Unit | Sq ft | Refund plan | Price, one person | Second person |
|---|---|---|---|---|
| Independent Living – Studio | Not listed | Standard (0% after 50 months) | $70,619p. 34 | $10,031 |
| Independent Living – Alcove | Not listed | Standard (0% after 50 months) | $87,022p. 34 | $10,031 |
| Independent Living – 1 Bedroom Standard | Not listed | Standard (0% after 50 months) | $152,173p. 34 | $10,031 |
| Independent Living – 1 Bedroom Traditional | Not listed | Standard (0% after 50 months) | $161,990p. 34 | $10,031 |
| Independent Living – 1 Bedroom Deluxe | Not listed | Standard (0% after 50 months) | $189,969p. 34 | $10,031 |
| Independent Living – 1 Bedroom with Den | Not listed | Standard (0% after 50 months) | $208,564p. 34 | $10,031 |
| Independent Living – 1 Bedroom Grande | Not listed | Standard (0% after 50 months) | $203,113p. 34 | $10,031 |
| Independent Living – 2 Bedroom Traditional | Not listed | Standard (0% after 50 months) | $231,864p. 34 | $10,031 |
| Independent Living – 2 Bedroom Conventional | Not listed | Standard (0% after 50 months) | Not disclosedp. 34 | Not listed |
| Independent Living – 2 Bedroom Deluxe | Not listed | Standard (0% after 50 months) | Not disclosedp. 34 | Not listed |
| Independent Living – 2 Bedroom with Den | Not listed | Standard (0% after 50 months) | $293,498p. 34 | $10,031 |
| Independent Living – 2 Bedroom Grande | Not listed | Standard (0% after 50 months) | $277,938p. 34 | $10,031 |
| Independent Living – 2 Bedroom Grande II | Not listed | Standard (0% after 50 months) | $299,043p. 34 | $10,031 |
| Independent Living – 2 Bedroom Executive | Not listed | Standard (0% after 50 months) | $329,656p. 34 | $10,031 |
| Independent Living – Albemarle Apartment (1 Bedroom Den) | Not listed | Standard (0% after 50 months) | $290,813p. 34 | $10,031 |
| Independent Living – Durham (2 Bedroom Den) | Not listed | Standard (0% after 50 months) | $389,090p. 34 | $10,031 |
| Independent Living – Edgecombe (2 Bedroom Den) | Not listed | Standard (0% after 50 months) | $389,656p. 35 | $10,031 |
| Independent Living – Forsyth (2 Bedroom Den) | Not listed | Standard (0% after 50 months) | $402,507p. 35 | $10,031 |
| Independent Living – Graham (2 Bedroom Den) | Not listed | Standard (0% after 50 months) | $421,806p. 35 | $10,031 |
| Independent Living – Halifax (2 Bedroom Den) | Not listed | Standard (0% after 50 months) | $497,657p. 35 | $10,031 |
| Independent Living – Iredell (2 Bedroom Den) | Not listed | Standard (0% after 50 months) | $574,498p. 35 | $10,031 |
| Independent Living – Appletree Duplex (Cottage) | Not listed | Standard (0% after 50 months) | $264,540p. 35 | $10,031 |
| Independent Living – Beachwood Duplex (Cottage) | Not listed | Standard (0% after 50 months) | $297,003p. 35 | $10,031 |
| Independent Living – Cottonwood Duplex (Cottage) | Not listed | Standard (0% after 50 months) | $326,058p. 35 | $10,031 |
| Independent Living – Dogwood Duplex (Cottage) | Not listed | Standard (0% after 50 months) | $349,475p. 35 | $10,031 |
| Independent Living – Elmwood Duplex (Cottage) | Not listed | Standard (0% after 50 months) | $392,937p. 35 | $10,031 |
| Independent Living – Fernwood Duplex (Cottage) | Not listed | Standard (0% after 50 months) | $311,719p. 35 | $10,031 |
| Independent Living – Fernwood II Duplex (Cottage) | Not listed | Standard (0% after 50 months) | $334,529p. 35 | $10,031 |
| Independent Living – Greenwood Duplex (Cottage) | Not listed | Standard (0% after 50 months) | $353,279p. 35 | $10,031 |
| Independent Living – Greenwood II Duplex (Cottage) | Not listed | Standard (0% after 50 months) | $377,795p. 35 | $10,031 |
| Independent Living – Heartwood Duplex (Cottage) | Not listed | Standard (0% after 50 months) | $421,989p. 35 | $10,031 |
| Independent Living – Heartwood II Duplex (Cottage) | Not listed | Standard (0% after 50 months) | $451,417p. 36 | $10,031 |
| Independent Living – Beechwood (Free-standing Home) | Not listed | Standard (0% after 50 months) | $317,022p. 36 | $10,031 |
| Independent Living – Cottonwood (Free-standing Home) | Not listed | Standard (0% after 50 months) | $356,983p. 36 | $10,031 |
| Independent Living – Dogwood (Free-standing Home) | Not listed | Standard (0% after 50 months) | $384,366p. 36 | $10,031 |
| Independent Living – Elmwood (Free-standing Home) | Not listed | Standard (0% after 50 months) | $421,989p. 36 | $10,031 |
| Independent Living – Aspen (Park Home) | Not listed | Standard (0% after 50 months) | $319,726p. 36 | $10,031 |
| Independent Living – Birch (Park Home) | Not listed | Standard (0% after 50 months) | $331,339p. 36 | $10,031 |
| Independent Living – Maple (Park Home) | Not listed | Standard (0% after 50 months) | $377,081p. 36 | $10,031 |
| Independent Living – Oak (Park Home) | Not listed | Standard (0% after 50 months) | $415,228p. 36 | $10,031 |
| New Croasdaile ILU (under construction) – Bennett (2 Bedroom Den) | 1,558 | Standard (0% after 50 months) | $451,508p. 58 | $10,031 |
| New Croasdaile ILU (under construction) – Grovewood (2 Bedroom Den) | 1,696 | Standard (0% after 50 months) | $491,501p. 58 | $10,031 |
| New Croasdaile ILU (under construction) – Somerset (2 Bedroom Den) | 1,841 | Standard (0% after 50 months) | $533,812p. 58 | $10,031 |
| New Croasdaile ILU (under construction) – Tryon (2 Bedroom Den) | 2,004 | Standard (0% after 50 months) | $580,759p. 58 | $10,031 |
| New Croasdaile ILU (under construction) – Hawthorn | 1,997 | Standard (0% after 50 months) | $586,998p. 58 | $10,031 |
| New Croasdaile ILU (under construction) – Hemlock | 1,997 | Standard (0% after 50 months) | $586,998p. 58 | $10,031 |
| New Croasdaile ILU (under construction) – Hickory | 2,001 | Standard (0% after 50 months) | $586,998p. 58 | $10,031 |
Monthly fees
What residents pay each month, by contract and level of care. A second person adds the amount shown.
Standard Residency Agreement · Type B (modified) (48 prices, $2,606 to $6,103)
| Unit | Level of care | Per month, one person | Second person |
|---|---|---|---|
| Independent Living – Studio | Independent living | $2,606p. 30 | $1,647 |
| Independent Living – Alcove | Independent living | $3,200p. 30 | $1,647 |
| Independent Living – 1 Bedroom Standard | Independent living | $3,896p. 30 | $1,647 |
| Independent Living – 1 Bedroom Traditional | Independent living | $3,983p. 30 | $1,647 |
| Independent Living – 1 Bedroom Deluxe | Independent living | $4,063p. 31 | $1,647 |
| Independent Living – 1 Bedroom with Den | Independent living | $4,217p. 31 | $1,647 |
| Independent Living – 1 Bedroom Grande | Independent living | $4,278p. 31 | $1,647 |
| Independent Living – 2 Bedroom Traditional | Independent living | $4,443p. 31 | $1,647 |
| Independent Living – 2 Bedroom Standard | Independent living | $4,507p. 31 | $1,647 |
| Independent Living – 2 Bedroom Conventional | Independent living | $4,843p. 31 | $1,647 |
| Independent Living – 2 Bedroom Deluxe | Independent living | $4,911p. 31 | $1,647 |
| Independent Living – 2 Bedroom with Den | Independent living | $5,316p. 31 | $1,647 |
| Independent Living – 2 Bedroom Grande | Independent living | $5,312p. 31 | $1,647 |
| Independent Living – 2 Bedroom Grande II | Independent living | $5,720p. 31 | $1,647 |
| Independent Living – 2 Bedroom Executive | Independent living | $5,769p. 31 | $1,647 |
| Independent Living – Albemarle Apartment (1 Bedroom Den) | Independent living | $4,424p. 31 | $1,647 |
| Independent Living – Durham Apartment (2 Bedroom Den) | Independent living | $5,322p. 31 | $1,647 |
| Independent Living – Edgecombe Apartment (2 Bedroom Den) | Independent living | $5,330p. 31 | $1,647 |
| Independent Living – Forsyth (2 Bedroom Den) | Independent living | $5,487p. 31 | $1,647 |
| Independent Living – Graham (2 Bedroom Den) | Independent living | $5,567p. 31 | $1,647 |
| Independent Living – Halifax (2 Bedroom Den) | Independent living | $5,864p. 31 | $1,647 |
| Independent Living – Iredell (2 Bedroom Den) | Independent living | $6,017p. 31 | $1,647 |
| Independent Living – Appletree Duplex (Cottage) | Independent living | $5,089p. 32 | $1,647 |
| Independent Living – Beechwood Duplex (Cottage) | Independent living | $5,185p. 32 | $1,647 |
| Independent Living – Cottonwood Duplex (Cottage) | Independent living | $5,313p. 32 | $1,647 |
| Independent Living – Dogwood Duplex (Cottage) | Independent living | $5,467p. 32 | $1,647 |
| Independent Living – Elmwood Duplex (Cottage) | Independent living | $5,798p. 32 | $1,647 |
| Independent Living – Fernwood Duplex (Cottage) | Independent living | $5,560p. 32 | $1,647 |
| Independent Living – Fernwood II Duplex (Cottage) | Independent living | $5,268p. 32 | $1,647 |
| Independent Living – Greenwood Duplex (Cottage) | Independent living | $5,584p. 32 | $1,647 |
| Independent Living – Greenwood II Duplex (Cottage) | Independent living | $5,464p. 32 | $1,647 |
| Independent Living – Heartwood Duplex (Cottage) | Independent living | $5,918p. 32 | $1,647 |
| Independent Living – Heartwood II Duplex (Cottage) | Independent living | $5,648p. 32 | $1,647 |
| Independent Living – Beechwood (Free-standing Home) | Independent living | $5,515p. 32 | $1,647 |
| Independent Living – Cottonwood (Free-standing Home) | Independent living | $5,636p. 32 | $1,647 |
| Independent Living – Dogwood (Free-standing Home) | Independent living | $5,795p. 32 | $1,647 |
| Independent Living – Elmwood (Free-standing Home) | Independent living | $5,956p. 32 | $1,647 |
| Independent Living – Aspen (Park Home) | Independent living | $4,908p. 33 | $1,647 |
| Independent Living – Birch (Park Home) | Independent living | $4,976p. 33 | $1,647 |
| Independent Living – Maple (Park Home) | Independent living | $5,120p. 33 | $1,647 |
| Independent Living – Oak (Park Home) | Independent living | $5,244p. 33 | $1,647 |
| New Croasdaile ILU (under construction) – Bennett (2 Bedroom Den) | Independent living | $5,649p. 58 | $1,647 |
| New Croasdaile ILU (under construction) – Grovewood (2 Bedroom Den) | Independent living | $5,798p. 58 | $1,647 |
| New Croasdaile ILU (under construction) – Somerset (2 Bedroom Den) | Independent living | $5,877p. 58 | $1,647 |
| New Croasdaile ILU (under construction) – Tryon (2 Bedroom Den) | Independent living | $6,021p. 58 | $1,647 |
| New Croasdaile ILU (under construction) – Hawthorn | Independent living | $6,103p. 58 | $1,647 |
| New Croasdaile ILU (under construction) – Hemlock | Independent living | $6,103p. 58 | $1,647 |
| New Croasdaile ILU (under construction) – Hickory | Independent living | $6,103p. 58 | $1,647 |
Fee increases, year by year
| Year | Level of care | Unit | Increase | Monthly fee, before and after |
|---|---|---|---|---|
| 2026 | Independent living | All units | 4.3% | Percent onlyp. 33 |
| 2025 | Independent living | All units | 4.25% | Percent onlyp. 33 |
| 2024 | Independent living | All units | 4.8% | Percent onlyp. 33 |
| 2023 | Independent living | All units | 7% | Percent onlyp. 33 |
| 2022 | Independent living | All units | 3.75% | Percent onlyp. 33 |
Refunds
What comes back from the entrance fee when you leave or die, and when it is paid.
Standard (0% after 50 months)p. 148
The refund falls by 2% of the entrance fee for each month of residency, so nothing is refunded after 50 months. Any refund is paid when a new resident has paid in full for your residence, or within 2 years of cancellation, whichever comes first.
- Kept on move-in
- 0% of the fee
- Declines by
- 2% a month for 50 months
- Never less than
- Nothing: it can decline to zero
- Longest wait
- 24 months
- Paid
- When your unit is re-occupied or after 24 months, whichever is first
50% Return of Capitalp. 39
The refund falls by 2% of the entrance fee a month for 25 months and never drops below 50%. It is paid when a new resident has paid in full for your residence, or within 2 years of cancellation, whichever comes first. Prices for this plan are not in the statement.
- Kept on move-in
- 0% of the fee
- Declines by
- 2% a month for 25 months
- Never less than
- 50% of the fee
- Longest wait
- 24 months
- Paid
- When your unit is re-occupied or after 24 months, whichever is first
90% Return of Capitalp. 39
The refund falls by 2% of the entrance fee a month for 5 months and never drops below 90%. It is paid when a new resident has paid in full for your residence, or within 2 years of cancellation, whichever comes first. Prices for this plan are not in the statement.
- Kept on move-in
- 0% of the fee
- Declines by
- 2% a month for 5 months
- Never less than
- 90% of the fee
- Longest wait
- 24 months
- Paid
- When your unit is re-occupied or after 24 months, whichever is first
Refund calculator
Estimated refund: $0 (0% of the fee)
When it is paid: when your unit is re-occupied or after 24 months, whichever is first. This applies the plan terms as recorded from the filing, counting a part month as a whole one. The signed contract governs, and charges you owe or care paid for from the fee can be deducted first.
How entrance-fee refunds work, and why the payment date matters
Finances
Whether the organisation behind the community has the cash and income to keep its promises for decades.
- Croasdaile Village Retirement Community is part of The United Methodist Retirement Homes, Inc. (Croasdaile Village, Cypress Glen, Wesley Pines); Croasdaile Village and Cypress Glen file separate disclosure statements but share UMRH's group finances.
- Balance sheet: The United Methodist Retirement Homes, Inc., its Affiliate, and Subsidiaries (consolidated).
- Ratios: UMRH Obligated Group (UMRH and The United Methodist Retirement Homes Foundation, Inc.); the same group ratios are reported in the Cypress Glen and Croasdaile Village statements.
Days cash on hand
700.69 days FY2025p. 2
- Its lenders’ minimum: 250 daysp. 61
- Industry median: 321 days Ziegler median for fiscal 2022, 132 bond-financed not-for-profit entrance-fee CCRCs
Debt service coverage
3.14x FY2025p. 2
- Its lenders’ minimum: 1.20xp. 61
- Industry median: 1.80x Ziegler median for fiscal 2022, 132 bond-financed not-for-profit entrance-fee CCRCs
Read with these figuresGroup figure for UMRH, which also owns Cypress Glen and Wesley Pines; it is not a Croasdaile-only ratio. Consolidated cash and investments ($132.7M, p72) cover about 598 days of consolidated FY2025 cash operating expenses; the reported 700.69 days could not be reproduced from the statements and may count assets limited as to use such as the $20.1M statutory operating reserve.
How to read these figures: what each one measures and why a lender’s minimum is a floor, not a target.
Balance sheet and trend
| Fiscal year | FY2025p. 72 | FY2024p. 2 | FY2023p. 2 |
|---|---|---|---|
| Days cash on hand | 700.69 days | 690.8 days | 574.86 days |
| Debt service coverage | 3.14x | 2.43x | 3.22x |
| Operating margin | 13.97% | 12.23% | 10.03% |
| Total assets | $493.3 million | $478.8 million | Not disclosed |
| Total liabilities | $345.9 million | $347.2 million | Not disclosed |
| Long-term debt | $196.9 million | $216.0 million | Not disclosed |
| Entrance fees not yet earned (deferred revenue) | $97.0 million | $96.7 million | Not disclosed |
| Refunds owed to residents (refundable fee liability) | $14.5 million | $14.5 million | Not disclosed |
| Net position (assets minus liabilities) | $147.4 million | $131.6 million | Not disclosed |
Auditor: Forvis Mazars, LLP. Opinion: Unmodified (clean) opinionp. 72
Occupancy
Nursing care on campus
From CMS Care Compare, data as of 2026-09-01. These are the federal government’s ratings of the nursing center, not ours.
- Overall
- 4 of 5
- Health inspections
- 4 of 5
- Staffing
- 4 of 5
- Quality measures
- 3 of 5
Fines recorded by CMS: 2 totalling $25,275. Health citations since 2023-10-16: 4. Croasdaile Village on Care Compare
In brief
Croasdaile Village in Durham, NC is a nonprofit United Methodist-related continuing care retirement community owned by The United Methodist Retirement Homes, Inc. and managed by Life Care Services, with 450 independent living units, 46 assisted living and 16 memory care units, and 102 skilled nursing beds. Standard Residency Agreement entrance fees run from $70,619 to $574,498 for one person in existing units ($451,508 to $586,998 for 58 new units under construction, all pre-sold), the fee is nonrefundable after 50 months, and residents get 6 free days of care a year before per diem rates apply. Finances are reported for UMRH as a whole, which also runs Cypress Glen and Wesley Pines.PDF
Nearest communities in North Carolina
- The Forest at Duke
Durham · 5 miles away
Entrance fee: $50,000 to $680,585
- Carol Woods
Chapel Hill · 8 miles away
Entrance fee: $116,600 to $671,700
- The Cedars of Chapel Hill
Chapel Hill · 10 miles away
Entrance fee: Purchase + membership fee
Sources
- Croasdaile Village Retirement Community — 2026 Disclosure StatementNorth Carolina Department of Insurance · filed 2026, fiscal 2025 finances · 159 pages · retrieved 2026-10-15
Each page tab above opens this PDF at the page the figure came from. Spotted a figure that does not match its page? Tell us and it is checked against the filing.