Falcons Landing
20522 Falcons Landing Circle, Potomac Falls, Virginia 20165
- Operator:
- Air Force Retired Officers Community - Washington, D.C. (AFROC)
- Ownership:
- Nonprofit
- Affiliation:
- Military: residency open to retired U.S. military officers, senior federal civil-service retirees and their unremarried spouses (p4, p114); no religious or charitable affiliation (p7).
- Opened:
- 1996
Nonstock Virginia corporation, 501(c)(3); owns the 35.2-acre site and all buildings (p2, p6-7).
- Type B (modified)
- Type C (fee for service)
Figures from the 2025 disclosure statement (fiscal 2024 finances), filed with the Virginia State Corporation Commission, Bureau of Insurance.PDF The finances describe fiscal 2024; this is the newest statement we have for Falcons Landing, and a later one may have been filed since.
At a glance
Refund plans offered
- Plan 0Can decline to nothing
- Plan 50Never less than 50% of the fee
- Plan 95Never less than 95% of the fee
Days cash on hand
Independent living occupancy
Not disclosed in the 2025 filing
Nursing care, CMS overall rating
5 of 5CMS data as of 2026-09-01
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.
- Type C (fee for service): Care is charged at market rates when you need it.
How the contract types compare
Type B (modified)The filing calls it Continuing Care Contract Type A; we class contracts by how care is priced (our definitions).
Continuing Care contract holders pay set resident daily rates in the health center that are half the direct-admission rates charged to Fee for Service residents (e.g. nursing $200 vs $400 a day), with no limit on how long the discounted rates apply.p. 102
- Assisted living
- Permanent stay, single resident: independent-living monthly fee stops; assisted living $125, $150 or $175 per day by care level; memory care $150, $180 or $200 per day. Temporary (respite) stay: monthly fee continues plus $50 per day.
- Nursing care
- Permanent stay, single resident: monthly fee stops; nursing $200 per day (Resident Health Center Rate, same for private and semi-private rooms). Respite: monthly fee continues plus $50 per day.
Type C (fee for service)
Fee for Service residents pay the full direct-admission daily rate for all non-Medicare health center stays.p. 103
- Assisted living
- Direct-admission rates: assisted living $250, $300 or $350 per day by level; memory care $300, $350 or $400 per day.
- Nursing care
- Direct-admission rate: nursing $400 per day. Second person in a suite pays $100 per day less.
| Independent living | 327 |
|---|---|
| Assisted living | 71 |
| Memory care | 18 |
| Nursing care | 60 |
Entrance fees
One-person prices as the filing lists them, by contract. A second person usually pays the extra amount shown.
Continuing Care Contract · Type B (modified) (42 prices, $147,800 to $877,600)
| Unit | Sq ft | Refund plan | Price, one person | Second person |
|---|---|---|---|---|
| Alexandria (2 Bedroom / 2 Bath + Den cottage) | 1,464 | Plan 0 | from $447,100p. 98 | $39,000 |
| Alexandria (2 Bedroom / 2 Bath + Den cottage) | 1,464 | Plan 50 | from $447,100p. 98 | $39,000 |
| Alexandria (2 Bedroom / 2 Bath + Den cottage) | 1,464 | Plan 95 | from $447,100p. 98 | $39,000 |
| Beaumont (2 Bedroom / 2 Bath cottage) | 1,464 | Plan 0 | from $556,700p. 98 | $39,000 |
| Beaumont (2 Bedroom / 2 Bath cottage) | 1,464 | Plan 50 | from $556,700p. 98 | $39,000 |
| Beaumont (2 Bedroom / 2 Bath cottage) | 1,464 | Plan 95 | from $556,700p. 98 | $39,000 |
| Monticello (2 Bedroom / 2 Bath + Den cottage) | 2,017 | Plan 0 | from $693,300p. 98 | $39,000 |
| Monticello (2 Bedroom / 2 Bath + Den cottage) | 2,017 | Plan 50 | from $693,300p. 98 | $39,000 |
| Monticello (2 Bedroom / 2 Bath + Den cottage) | 2,017 | Plan 95 | from $693,300p. 98 | $39,000 |
| Shenandoah (1 Bedroom / 1 Bath apartment) | 815 | Plan 0 | from $147,800p. 98 | $39,000 |
| Shenandoah (1 Bedroom / 1 Bath apartment) | 815 | Plan 50 | from $147,800p. 98 | $39,000 |
| Shenandoah (1 Bedroom / 1 Bath apartment) | 815 | Plan 95 | from $147,800p. 98 | $39,000 |
| Chatham (2 Bedroom / 2 Bath apartment) | 1,130 | Plan 0 | from $274,500p. 98 | $39,000 |
| Chatham (2 Bedroom / 2 Bath apartment) | 1,130 | Plan 50 | from $274,500p. 98 | $39,000 |
| Chatham (2 Bedroom / 2 Bath apartment) | 1,130 | Plan 95 | from $274,500p. 98 | $39,000 |
| Potomac (2 Bedroom / 2 Bath apartment) | 1,304 | Plan 0 | from $374,000p. 98 | $39,000 |
| Potomac (2 Bedroom / 2 Bath apartment) | 1,304 | Plan 50 | from $374,000p. 98 | $39,000 |
| Potomac (2 Bedroom / 2 Bath apartment) | 1,304 | Plan 95 | from $374,000p. 98 | $39,000 |
| Chesapeake (2 Bedroom / 2 Bath + Den apartment) | 1,510 | Plan 0 | from $493,000p. 98 | $39,000 |
| Chesapeake (2 Bedroom / 2 Bath + Den apartment) | 1,510 | Plan 50 | from $493,000p. 98 | $39,000 |
| Chesapeake (2 Bedroom / 2 Bath + Den apartment) | 1,510 | Plan 95 | from $493,000p. 98 | $39,000 |
| Roanoke (2 Bedroom / 2 Bath + Den apartment) | 1,630 | Plan 0 | from $536,300p. 98 | $39,000 |
| Roanoke (2 Bedroom / 2 Bath + Den apartment) | 1,630 | Plan 50 | from $536,300p. 98 | $39,000 |
| Roanoke (2 Bedroom / 2 Bath + Den apartment) | 1,630 | Plan 95 | from $536,300p. 98 | $39,000 |
| Williamsburg (2 Bedroom / 2 Bath + Den apartment) | 1,834 | Plan 0 | from $604,200p. 98 | $39,000 |
| Williamsburg (2 Bedroom / 2 Bath + Den apartment) | 1,834 | Plan 50 | from $604,200p. 98 | $39,000 |
| Williamsburg (2 Bedroom / 2 Bath + Den apartment) | 1,834 | Plan 95 | from $604,200p. 98 | $39,000 |
| Lexington (2 Bedroom / 2 Bath + Den apartment) | 1,950 | Plan 0 | from $647,900p. 98 | $39,000 |
| Lexington (2 Bedroom / 2 Bath + Den apartment) | 1,950 | Plan 50 | from $647,900p. 98 | $39,000 |
| Lexington (2 Bedroom / 2 Bath + Den apartment) | 1,950 | Plan 95 | from $647,900p. 98 | $39,000 |
| The Franklin (Terrace Home, 2 Bedroom / 2.5 Bath + Den) | 1,617 | Plan 0 | $604,800 to $634,800p. 99 | $39,000 |
| The Franklin (Terrace Home, 2 Bedroom / 2.5 Bath + Den) | 1,617 | Plan 50 | $604,800 to $634,800p. 99 | $39,000 |
| The Franklin (Terrace Home, 2 Bedroom / 2.5 Bath + Den) | 1,617 | Plan 95 | $604,800 to $634,800p. 99 | $39,000 |
| The Lancaster (Terrace Home, 2 Bedroom / 2.5 Bath + Den) | 1,717 | Plan 0 | $647,200 to $677,200p. 99 | $26,600 |
| The Lancaster (Terrace Home, 2 Bedroom / 2.5 Bath + Den) | 1,717 | Plan 50 | $647,200 to $677,200p. 99 | $26,600 |
| The Lancaster (Terrace Home, 2 Bedroom / 2.5 Bath + Den) | 1,717 | Plan 95 | $647,200 to $677,200p. 99 | $26,600 |
| The Madison (Terrace Home, 2 Bedroom / 2.5 Bath + Den) | 2,064 | Plan 0 | $779,900 to $829,900p. 99 | $39,000 |
| The Madison (Terrace Home, 2 Bedroom / 2.5 Bath + Den) | 2,064 | Plan 50 | $779,900 to $829,900p. 99 | $39,000 |
| The Madison (Terrace Home, 2 Bedroom / 2.5 Bath + Den) | 2,064 | Plan 95 | $779,900 to $829,900p. 99 | $39,000 |
| The Buckingham (Terrace Home, 2 Bedroom / 2.5 Bath + Den) | 2,192 | Plan 0 | $827,600 to $877,600p. 99 | $39,000 |
| The Buckingham (Terrace Home, 2 Bedroom / 2.5 Bath + Den) | 2,192 | Plan 50 | $827,600 to $877,600p. 99 | $39,000 |
| The Buckingham (Terrace Home, 2 Bedroom / 2.5 Bath + Den) | 2,192 | Plan 95 | $827,600 to $877,600p. 99 | $39,000 |
Fee for Service Contract · Type C (fee for service) (42 prices, $22,800 to $752,600)
| Unit | Sq ft | Refund plan | Price, one person | Second person |
|---|---|---|---|---|
| Alexandria (2 Bedroom / 2 Bath + Den cottage) | 1,464 | Plan 0 | from $322,100p. 98 | $39,000 |
| Alexandria (2 Bedroom / 2 Bath + Den cottage) | 1,464 | Plan 50 | from $322,100p. 98 | $39,000 |
| Alexandria (2 Bedroom / 2 Bath + Den cottage) | 1,464 | Plan 95 | from $322,100p. 98 | $39,000 |
| Beaumont (2 Bedroom / 2 Bath cottage) | 1,464 | Plan 0 | from $431,700p. 98 | $39,000 |
| Beaumont (2 Bedroom / 2 Bath cottage) | 1,464 | Plan 50 | from $431,700p. 98 | $39,000 |
| Beaumont (2 Bedroom / 2 Bath cottage) | 1,464 | Plan 95 | from $431,700p. 98 | $39,000 |
| Monticello (2 Bedroom / 2 Bath + Den cottage) | 2,017 | Plan 0 | from $568,300p. 98 | $39,000 |
| Monticello (2 Bedroom / 2 Bath + Den cottage) | 2,017 | Plan 50 | from $568,300p. 98 | $39,000 |
| Monticello (2 Bedroom / 2 Bath + Den cottage) | 2,017 | Plan 95 | from $568,300p. 98 | $39,000 |
| Shenandoah (1 Bedroom / 1 Bath apartment) | 815 | Plan 0 | from $22,800p. 98 | $39,000 |
| Shenandoah (1 Bedroom / 1 Bath apartment) | 815 | Plan 50 | from $22,800p. 98 | $39,000 |
| Shenandoah (1 Bedroom / 1 Bath apartment) | 815 | Plan 95 | from $22,800p. 98 | $39,000 |
| Chatham (2 Bedroom / 2 Bath apartment) | 1,130 | Plan 0 | from $149,500p. 98 | $39,000 |
| Chatham (2 Bedroom / 2 Bath apartment) | 1,130 | Plan 50 | from $149,500p. 98 | $39,000 |
| Chatham (2 Bedroom / 2 Bath apartment) | 1,130 | Plan 95 | from $149,500p. 98 | $39,000 |
| Potomac (2 Bedroom / 2 Bath apartment) | 1,304 | Plan 0 | from $249,000p. 98 | $39,000 |
| Potomac (2 Bedroom / 2 Bath apartment) | 1,304 | Plan 50 | from $249,000p. 98 | $39,000 |
| Potomac (2 Bedroom / 2 Bath apartment) | 1,304 | Plan 95 | from $249,000p. 98 | $39,000 |
| Chesapeake (2 Bedroom / 2 Bath + Den apartment) | 1,510 | Plan 0 | from $368,000p. 98 | $39,000 |
| Chesapeake (2 Bedroom / 2 Bath + Den apartment) | 1,510 | Plan 50 | from $368,000p. 98 | $39,000 |
| Chesapeake (2 Bedroom / 2 Bath + Den apartment) | 1,510 | Plan 95 | from $368,000p. 98 | $39,000 |
| Roanoke (2 Bedroom / 2 Bath + Den apartment) | 1,630 | Plan 0 | from $411,300p. 98 | $39,000 |
| Roanoke (2 Bedroom / 2 Bath + Den apartment) | 1,630 | Plan 50 | from $411,300p. 98 | $39,000 |
| Roanoke (2 Bedroom / 2 Bath + Den apartment) | 1,630 | Plan 95 | from $411,300p. 98 | $39,000 |
| Williamsburg (2 Bedroom / 2 Bath + Den apartment) | 1,834 | Plan 0 | from $479,200p. 98 | $39,000 |
| Williamsburg (2 Bedroom / 2 Bath + Den apartment) | 1,834 | Plan 50 | from $479,200p. 98 | $39,000 |
| Williamsburg (2 Bedroom / 2 Bath + Den apartment) | 1,834 | Plan 95 | from $479,200p. 98 | $39,000 |
| Lexington (2 Bedroom / 2 Bath + Den apartment) | 1,950 | Plan 0 | from $522,900p. 98 | $39,000 |
| Lexington (2 Bedroom / 2 Bath + Den apartment) | 1,950 | Plan 50 | from $522,900p. 98 | $39,000 |
| Lexington (2 Bedroom / 2 Bath + Den apartment) | 1,950 | Plan 95 | from $522,900p. 98 | $39,000 |
| The Franklin (Terrace Home, 2 Bedroom / 2.5 Bath + Den) | 1,617 | Plan 0 | $479,800 to $509,800p. 99 | $39,000 |
| The Franklin (Terrace Home, 2 Bedroom / 2.5 Bath + Den) | 1,617 | Plan 50 | $479,800 to $509,800p. 99 | $39,000 |
| The Franklin (Terrace Home, 2 Bedroom / 2.5 Bath + Den) | 1,617 | Plan 95 | $479,800 to $509,800p. 99 | $39,000 |
| The Lancaster (Terrace Home, 2 Bedroom / 2.5 Bath + Den) | 1,717 | Plan 0 | $522,200 to $552,200p. 99 | $26,600 |
| The Lancaster (Terrace Home, 2 Bedroom / 2.5 Bath + Den) | 1,717 | Plan 50 | $522,200 to $552,200p. 99 | $26,600 |
| The Lancaster (Terrace Home, 2 Bedroom / 2.5 Bath + Den) | 1,717 | Plan 95 | $522,200 to $552,200p. 99 | $26,600 |
| The Madison (Terrace Home, 2 Bedroom / 2.5 Bath + Den) | 2,064 | Plan 0 | $654,900 to $704,900p. 99 | $39,000 |
| The Madison (Terrace Home, 2 Bedroom / 2.5 Bath + Den) | 2,064 | Plan 50 | $654,900 to $704,900p. 99 | $39,000 |
| The Madison (Terrace Home, 2 Bedroom / 2.5 Bath + Den) | 2,064 | Plan 95 | $654,900 to $704,900p. 99 | $39,000 |
| The Buckingham (Terrace Home, 2 Bedroom / 2.5 Bath + Den) | 2,192 | Plan 0 | $702,600 to $752,600p. 99 | $39,000 |
| The Buckingham (Terrace Home, 2 Bedroom / 2.5 Bath + Den) | 2,192 | Plan 50 | $702,600 to $752,600p. 99 | $39,000 |
| The Buckingham (Terrace Home, 2 Bedroom / 2.5 Bath + Den) | 2,192 | Plan 95 | $702,600 to $752,600p. 99 | $39,000 |
Monthly fees
What residents pay each month, by contract and level of care. A second person adds the amount shown.
Continuing Care Contract · Type B (modified) (14 prices, $4,100 to $7,960)
| Unit | Level of care | Per month, one person | Second person |
|---|---|---|---|
| Alexandria (2 Bedroom / 2 Bath + Den cottage) | Independent living | from $6,120p. 98 | $1,940 |
| Beaumont (2 Bedroom / 2 Bath cottage) | Independent living | from $6,120p. 98 | $1,940 |
| Monticello (2 Bedroom / 2 Bath + Den cottage) | Independent living | from $7,820p. 98 | $1,940 |
| Shenandoah (1 Bedroom / 1 Bath apartment) | Independent living | from $4,100p. 98 | $1,940 |
| Chatham (2 Bedroom / 2 Bath apartment) | Independent living | from $5,080p. 98 | $1,940 |
| Potomac (2 Bedroom / 2 Bath apartment) | Independent living | from $5,620p. 98 | $1,940 |
| Chesapeake (2 Bedroom / 2 Bath + Den apartment) | Independent living | from $6,050p. 98 | $1,940 |
| Roanoke (2 Bedroom / 2 Bath + Den apartment) | Independent living | from $6,630p. 98 | $1,940 |
| Williamsburg (2 Bedroom / 2 Bath + Den apartment) | Independent living | from $7,260p. 98 | $1,940 |
| Lexington (2 Bedroom / 2 Bath + Den apartment) | Independent living | from $7,690p. 98 | $1,940 |
| The Franklin (Terrace Home, 2 Bedroom / 2.5 Bath + Den) | Independent living | from $6,660p. 99 | $1,940 |
| The Lancaster (Terrace Home, 2 Bedroom / 2.5 Bath + Den) | Independent living | from $6,790p. 99 | $1,940 |
| The Madison (Terrace Home, 2 Bedroom / 2.5 Bath + Den) | Independent living | from $7,830p. 99 | $1,940 |
| The Buckingham (Terrace Home, 2 Bedroom / 2.5 Bath + Den) | Independent living | from $7,960p. 99 | $1,940 |
Fee for Service Contract · Type C (fee for service) (14 prices, $4,100 to $7,960)
| Unit | Level of care | Per month, one person | Second person |
|---|---|---|---|
| Alexandria (2 Bedroom / 2 Bath + Den cottage) | Independent living | from $6,120p. 98 | $1,940 |
| Beaumont (2 Bedroom / 2 Bath cottage) | Independent living | from $6,120p. 98 | $1,940 |
| Monticello (2 Bedroom / 2 Bath + Den cottage) | Independent living | from $7,820p. 98 | $1,940 |
| Shenandoah (1 Bedroom / 1 Bath apartment) | Independent living | from $4,100p. 98 | $1,940 |
| Chatham (2 Bedroom / 2 Bath apartment) | Independent living | from $5,080p. 98 | $1,940 |
| Potomac (2 Bedroom / 2 Bath apartment) | Independent living | from $5,620p. 98 | $1,940 |
| Chesapeake (2 Bedroom / 2 Bath + Den apartment) | Independent living | from $6,050p. 98 | $1,940 |
| Roanoke (2 Bedroom / 2 Bath + Den apartment) | Independent living | from $6,630p. 98 | $1,940 |
| Williamsburg (2 Bedroom / 2 Bath + Den apartment) | Independent living | from $7,260p. 98 | $1,940 |
| Lexington (2 Bedroom / 2 Bath + Den apartment) | Independent living | from $7,690p. 98 | $1,940 |
| The Franklin (Terrace Home, 2 Bedroom / 2.5 Bath + Den) | Independent living | from $6,660p. 99 | $1,940 |
| The Lancaster (Terrace Home, 2 Bedroom / 2.5 Bath + Den) | Independent living | from $6,790p. 99 | $1,940 |
| The Madison (Terrace Home, 2 Bedroom / 2.5 Bath + Den) | Independent living | from $7,830p. 99 | $1,940 |
| The Buckingham (Terrace Home, 2 Bedroom / 2.5 Bath + Den) | Independent living | from $7,960p. 99 | $1,940 |
Fee increases, year by year
| Year | Level of care | Unit | Increase | Monthly fee, before and after |
|---|---|---|---|---|
| 2025 | Independent living | Shenandoah | 4.4% | Percent onlyp. 104 |
| 2025 | Independent living | Chatham | 4.6% | Percent onlyp. 104 |
| 2025 | Independent living | Potomac | 4.5% | Percent onlyp. 104 |
| 2025 | Independent living | Chesapeake | 4.5% | Percent onlyp. 104 |
| 2025 | Independent living | Roanoke | 4.4% | Percent onlyp. 104 |
| 2025 | Independent living | Williamsburg | 4.6% | Percent onlyp. 104 |
| 2025 | Independent living | Lexington | 4.5% | Percent onlyp. 104 |
| 2025 | Independent living | Alexandria/Beaumont | 4.6% | Percent onlyp. 104 |
| 2025 | Independent living | Monticello | 4.4% | Percent onlyp. 104 |
| 2025 | Independent living | Franklin | 4.4% | Percent onlyp. 104 |
| 2025 | Independent living | Lancaster | 4.5% | Percent onlyp. 104 |
| 2025 | Independent living | Madison | 4.5% | Percent onlyp. 104 |
| 2025 | Independent living | Buckingham | 4.6% | Percent onlyp. 104 |
| 2025 | Independent living | Addition for Couple | 4.5% | Percent onlyp. 104 |
| 2024 | Independent living | Shenandoah | 5.3% | Percent onlyp. 104 |
| 2024 | Independent living | Chatham | 5.2% | Percent onlyp. 104 |
| 2024 | Independent living | Potomac | 5.2% | Percent onlyp. 104 |
| 2024 | Independent living | Chesapeake | 5.3% | Percent onlyp. 104 |
| 2024 | Independent living | Roanoke | 5.3% | Percent onlyp. 104 |
| 2024 | Independent living | Williamsburg | 5.2% | Percent onlyp. 104 |
| 2024 | Independent living | Lexington | 4.2% | Percent onlyp. 104 |
| 2024 | Independent living | Alexandria/Beaumont | 5.3% | Percent onlyp. 104 |
| 2024 | Independent living | Monticello | 5.2% | Percent onlyp. 104 |
| 2024 | Independent living | Franklin | 5.2% | Percent onlyp. 104 |
| 2024 | Independent living | Lancaster | 5.2% | Percent onlyp. 104 |
| 2024 | Independent living | Madison | 5.3% | Percent onlyp. 104 |
| 2024 | Independent living | Buckingham | 5.3% | Percent onlyp. 104 |
| 2024 | Independent living | Addition for Couple | 5.3% | Percent onlyp. 104 |
| 2023 | Independent living | Shenandoah | 6.8% | Percent onlyp. 104 |
| 2023 | Independent living | Chatham | 6.8% | Percent onlyp. 104 |
| 2023 | Independent living | Potomac | 6.7% | Percent onlyp. 104 |
| 2023 | Independent living | Chesapeake | 6.8% | Percent onlyp. 104 |
| 2023 | Independent living | Roanoke | 6.7% | Percent onlyp. 104 |
| 2023 | Independent living | Williamsburg | 6.7% | Percent onlyp. 104 |
| 2023 | Independent living | Lexington | 5.8% | Percent onlyp. 104 |
| 2023 | Independent living | Alexandria/Beaumont | 6.8% | Percent onlyp. 104 |
| 2023 | Independent living | Monticello | 6.8% | Percent onlyp. 104 |
| 2023 | Independent living | Franklin | 6.7% | Percent onlyp. 104 |
| 2023 | Independent living | Lancaster | 6.7% | Percent onlyp. 104 |
| 2023 | Independent living | Madison | 6.7% | Percent onlyp. 104 |
| 2023 | Independent living | Buckingham | 6.7% | Percent onlyp. 104 |
| 2023 | Independent living | Addition for Couple | 6.8% | Percent onlyp. 104 |
| 2022 | Independent living | Shenandoah | 4.2% | Percent onlyp. 104 |
| 2022 | Independent living | Chatham | 4.2% | Percent onlyp. 104 |
| 2022 | Independent living | Potomac | 4.2% | Percent onlyp. 104 |
| 2022 | Independent living | Chesapeake | 4.2% | Percent onlyp. 104 |
| 2022 | Independent living | Roanoke | 4.2% | Percent onlyp. 104 |
| 2022 | Independent living | Williamsburg | 4.3% | Percent onlyp. 104 |
| 2022 | Independent living | Lexington | 3.2% | Percent onlyp. 104 |
| 2022 | Independent living | Alexandria/Beaumont | 4.2% | Percent onlyp. 104 |
| 2022 | Independent living | Monticello | 4.3% | Percent onlyp. 104 |
| 2022 | Independent living | Franklin | 4.2% | Percent onlyp. 104 |
| 2022 | Independent living | Lancaster | 4.3% | Percent onlyp. 104 |
| 2022 | Independent living | Madison | 4.3% | Percent onlyp. 104 |
| 2022 | Independent living | Buckingham | 4.2% | Percent onlyp. 104 |
| 2022 | Independent living | Addition for Couple | 4.2% | Percent onlyp. 104 |
| 2021 | Independent living | Shenandoah | 2.7% | Percent onlyp. 104 |
| 2021 | Independent living | Chatham | 2.7% | Percent onlyp. 104 |
| 2021 | Independent living | Potomac | 2.8% | Percent onlyp. 104 |
| 2021 | Independent living | Chesapeake | 2.7% | Percent onlyp. 104 |
| 2021 | Independent living | Roanoke | 2.7% | Percent onlyp. 104 |
| 2021 | Independent living | Williamsburg | 2.7% | Percent onlyp. 104 |
| 2021 | Independent living | Lexington | 2.7% | Percent onlyp. 104 |
| 2021 | Independent living | Alexandria/Beaumont | 2.7% | Percent onlyp. 104 |
| 2021 | Independent living | Monticello | 2.7% | Percent onlyp. 104 |
| 2021 | Independent living | Franklin | 2.7% | Percent onlyp. 104 |
| 2021 | Independent living | Lancaster | 2.7% | Percent onlyp. 104 |
| 2021 | Independent living | Madison | 1.6% | Percent onlyp. 104 |
| 2021 | Independent living | Buckingham | 1.6% | Percent onlyp. 104 |
| 2021 | Independent living | Addition for Couple | 2.7% | Percent onlyp. 104 |
Refunds
What comes back from the entrance fee when you leave or die, and when it is paid.
Plan 0p. 42
5% is forfeited if you leave in the first five months; after that the refund drops a further 2% a month and reaches nothing after 52½ months. Any refund is paid within 60 days of the contract ending, not tied to resale of the unit.
- Kept on move-in
- 5% of the fee
- Declines by
- 2% a month for 52.5 months
- Never less than
- Nothing: it can decline to zero
- Longest wait
- 2 months
- Paid
- Within a fixed number of days
Plan 50p. 42
5% is forfeited in the first five months, then the refund drops 1.5% a month for 30 more months and stays at 50% of the entrance fee after 35 months. Only available if at least one resident is under 86 at move-in. Paid within 60 days of the contract ending.
- Kept on move-in
- 5% of the fee
- Declines by
- 1.5% a month for 35 months
- Never less than
- 50% of the fee
- Longest wait
- 2 months
- Paid
- Within a fixed number of days
Plan 95p. 42
The refund is 95% of the entrance fee, fixed after the five-month introductory period. Only available if at least one resident is under 86 at move-in. Paid within 60 days of the contract ending.
- Kept on move-in
- 5% of the fee
- Declines by
- Does not decline
- Never less than
- 95% of the fee
- Longest wait
- 2 months
- Paid
- Within a fixed number of days
Refund calculator
Estimated refund: $0 (0% of the fee)
When it is paid: within a fixed number of days. 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.
- Balance sheet and ratios: Air Force Retired Officers Community - Washington, D.C.
- Days cash on hand was calculated by us from the audited statements using the standard formula. The formula
Days cash on hand
316 days FY2024p. 110
- Its lenders’ minimum: Not disclosed in the 2025 filing
- Industry median: 321 days Ziegler median for fiscal 2022, 132 bond-financed not-for-profit entrance-fee CCRCs
Debt service coverage
Not disclosed in the 2025 filing
- Its lenders’ minimum: Not disclosed in the 2025 filing
- Industry median: 1.80x Ziegler median for fiscal 2022, 132 bond-financed not-for-profit entrance-fee CCRCs
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 | FY2024p. 110 | FY2023p. 134 |
|---|---|---|
| Days cash on hand | 316 days | Not disclosed |
| Total assets | $140.7 million | $135.0 million |
| Total liabilities | $127.9 million | $128.8 million |
| Long-term debt | $38.1 million | $42.1 million |
| Entrance fees not yet earned (deferred revenue) | $42.7 million | $39.5 million |
| Refunds owed to residents (refundable fee liability) | $41.8 million | $42.8 million |
| Net position (assets minus liabilities) | $12.8 million | $6.2 million |
Auditor: Plante & Moran, PLLC. Opinion: Unmodified (clean) opinionp. 110
Occupancy
The 2025 filing does not report occupancy.
Events the filing reports
Dated facts the disclosure statement states, such as bond issues, missed covenants or changes of ownership.
- 2025-05 FY2024 audit restated net assets as of January 1, 2024 upward by $3,392,125 to record an Employee Retention Credit receivable omitted from the 2023 statements; auditor's opinion not modified.p. 120
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
- 5 of 5
- Health inspections
- 4 of 5
- Staffing
- 4 of 5
- Quality measures
- 5 of 5
Fines recorded by CMS: 0. Health citations since 2023-10-16: 0. JOHNSON CNTR/FALCONS LANDING on Care Compare
CARF-accredited since 1999. Check on CARF’s site
In brief
Falcons Landing in Potomac Falls (Loudoun County) is run by a nonprofit for retired military officers, senior federal retirees and their spouses, with 327 independent-living residences plus assisted living, memory care and a 60-bed nursing center. A Continuing Care contract gives discounted daily health-center rates with no time limit, and a Fee for Service contract costs $125,000 less up front but pays full health-care rates. Three refund plans are offered: one that declines to no refund after 52½ months, one that declines to a 50% floor, and one fixed at 95% after a five-month introductory period.PDF
Nearest communities in Virginia
- Ashby Ponds
Ashburn · 4 miles away
Entrance fee: $274,000 to $1,417,000
- The Mather
Tysons · 12 miles away
Entrance fee: $698,500 to $4,783,800
- The Woodlands
Fairfax · 14 miles away
Entrance fee: $346,000 to $765,000
Sources
- Falcons Landing — Disclosure Statement (filed June 2025)Virginia State Corporation Commission, Bureau of Insurance · filed 2025, fiscal 2024 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.