Grace Ridge Retirement Community
500 Lenoir Road, Morganton, North Carolina 28655 · Community website
- Operator:
- Grace LifeCare, Inc. (managed by Blue Ridge Healthcare Hospitals, Inc. under a management agreement)
- Ownership:
- Nonprofit
- Affiliation:
- Not disclosed in the 2026 filing
- Opened:
- 1987
Grace LifeCare, Inc. is wholly owned by Blue Ridge Healthcare Hospitals, Inc. (part of Blue Ridge Healthcare System, managed by UNC Health). BRH's board confirms its obligation to underwrite or guarantee Grace Ridge's financial and contractual obligations if required.
- Type A (life care)
- Type B (modified)
- Type C (fee for service)
Figures from the 2026 disclosure statement (fiscal 2025 finances), filed with the North Carolina Department of Insurance.PDF
At a glance
Refund plans offered
- Amortizing (fully amortized after 25 months)Can decline to nothing
- 90% Refund (Lifecare or Standard)Never less than 90% of the fee
Days cash on hand
61 (FY2025, calculated by us)p. 52Lenders' minimum not disclosed.
Read the note on this figure
The statement reports no ratios; we computed about 61 days from the audit: cash $375,361 plus marketable securities $1,450,073, over FY2025 cash operating expenses of $11.0M. The $5.66M statutory operating reserve is excluded; counting it would give about 248 days. The balance sheet shows no long-term debt, and operations used $2.0M of cash in FY2025 and $5.7M in FY2024 (p54).
Independent living occupancy
Not disclosed in the 2026 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 A (life care): Moving to assisted living or nursing leaves your monthly fee essentially unchanged.
- 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 A (life care)The filing calls it Lifecare (Plan A); we class contracts by how care is priced (our definitions).
Care in the Health Care Center (adult care, nursing, special care) costs the same first-person monthly fee, plus two extra meals a day.p. 33
- Assisted living
- First Person Monthly Service Fee plus the cost of two additional meals a day
- Nursing care
- First Person Monthly Service Fee plus the cost of two additional meals a day
Type B (modified)The filing calls it Standard (Plan B); we class contracts by how care is priced (our definitions).
Health Care Center care at a 30% discount on the full daily rate, with no included days.p. 33
- Assisted living
- Discounted per diem $200.42 a day (adult care), 30% off the full $286.31
- Nursing care
- Discounted per diem $270.49 a day (nursing and special care), 30% off the full $386.42
- Discount on care
- 30%
Type C (fee for service)The filing calls it Fee-For-Service (Plan C); we class contracts by how care is priced (our definitions).
Health Care Center care at the full daily rate; lower entrance and monthly fees than Plans A and B.p. 33
- Assisted living
- Full per diem $286.31 a day (adult care)
- Nursing care
- Full per diem $386.42 a day (nursing and special care)
| Independent living | 149 |
|---|---|
| Assisted living | 35 |
| Memory care | 12 |
| Nursing care | 25 |
Entrance fees
One-person prices as the filing lists them, by contract. A second person usually pays the extra amount shown.
Residence and Care Agreement – Lifecare (Plan A) · Type A (life care) (29 prices, $139,128 to $547,138)
| Unit | Sq ft | Refund plan | Price, one person | Second person |
|---|---|---|---|---|
| Beech – Studio | 456 | Amortizing (fully amortized after 25 months) | from $139,128p. 26 | $78,708 |
| Elm – Standard 1 Bedroom (C-south) | 560 | Amortizing (fully amortized after 25 months) | from $186,414p. 26 | $78,708 |
| Elm – Standard 1 Bedroom (B-East) | 560 | Amortizing (fully amortized after 25 months) | from $190,144p. 26 | $78,708 |
| Elm – Standard 1 Bedroom (C-North) | 560 | Amortizing (fully amortized after 25 months) | from $201,723p. 26 | $78,708 |
| Elm – Standard 1 Bedroom (B-West) | 560 | Amortizing (fully amortized after 25 months) | from $205,600p. 26 | $78,708 |
| Elm – Standard 1 Bedroom (A-East) | 560 | Amortizing (fully amortized after 25 months) | from $201,781p. 26 | $78,708 |
| Birch – Special 1 Bedroom | 640 | Amortizing (fully amortized after 25 months) | from $212,116p. 26 | $78,708 |
| Walnut – Standard 2 Bedroom (C-south) | 864 | Amortizing (fully amortized after 25 months) | from $248,870p. 26 | $78,708 |
| Walnut – Standard 2 Bedroom (B-East) | 864 | Amortizing (fully amortized after 25 months) | from $251,362p. 26 | $78,708 |
| Walnut – Standard 2 Bedroom (C-North) | 864 | Amortizing (fully amortized after 25 months) | from $261,654p. 26 | $78,708 |
| Walnut – Standard 2 Bedroom (B-West) | 864 | Amortizing (fully amortized after 25 months) | from $264,190p. 26 | $78,708 |
| Walnut – Standard 2 Bedroom (A-East) | 864 | Amortizing (fully amortized after 25 months) | from $258,978p. 26 | $78,708 |
| Sycamore – Deluxe 2 Bedroom (B-East) | 1,152 | Amortizing (fully amortized after 25 months) | from $335,152p. 26 | $78,708 |
| Sycamore – Deluxe 2 Bedroom (B-West) | 1,152 | Amortizing (fully amortized after 25 months) | from $353,083p. 26 | $78,708 |
| Sycamore – Deluxe 2 Bedroom (A-West) | 1,152 | Amortizing (fully amortized after 25 months) | from $348,759p. 26 | $78,708 |
| Redbud – Deluxe 2 Bedroom (A-West) | 2,256 | Amortizing (fully amortized after 25 months) | from $547,138p. 26 | $78,708 |
| Willow – Grande 2 Bedroom (C-South) | 1,152 | Amortizing (fully amortized after 25 months) | from $331,837p. 26 | $78,708 |
| Willow – Grande 2 Bedroom (B-West) | 1,152 | Amortizing (fully amortized after 25 months) | from $349,664p. 26 | $78,708 |
| Walnut Grande – Grande 2 Bedroom (B-East) | 1,424 | Amortizing (fully amortized after 25 months) | from $395,914p. 26 | $78,708 |
| Magnolia – 2 Bedroom w/Den (B-West) | 1,680 | Amortizing (fully amortized after 25 months) | from $467,107p. 26 | $78,708 |
| Mimosa – 2 Bedroom w/Den (B-East) | 1,712 | Amortizing (fully amortized after 25 months) | from $474,882p. 26 | $78,708 |
| Oak – 1 Bedroom | 830 | Amortizing (fully amortized after 25 months) | from $238,539p. 26 | $78,708 |
| Holly – 1 Bedroom w/Den | 918 | Amortizing (fully amortized after 25 months) | from $263,830p. 26 | $78,708 |
| Holly Grande – 1 Bedroom w/Den | 1,095 | Amortizing (fully amortized after 25 months) | from $314,700p. 26 | $78,708 |
| Maple – 2 Bedroom | 1,134 | Amortizing (fully amortized after 25 months) | from $325,907p. 26 | $78,708 |
| Maple Grande – 2 Bedroom | 1,134 | Amortizing (fully amortized after 25 months) | from $325,907p. 26 | $78,708 |
| Dogwood – 2 Bedroom w/Den | 1,384 | Amortizing (fully amortized after 25 months) | from $397,758p. 26 | $78,708 |
| Dogwood Grande – 2 Bedroom w/Den | 1,577 | Amortizing (fully amortized after 25 months) | from $453,226p. 26 | $78,708 |
| Cottage (approx. 1,650 sq ft avg.) | Not listed | Amortizing (fully amortized after 25 months) | $401,312 to $468,388p. 28 | Not listed |
Residence and Care Agreement – Standard (Plan B) · Type B (modified) (29 prices, $99,720 to $382,997)
| Unit | Sq ft | Refund plan | Price, one person | Second person |
|---|---|---|---|---|
| Beech – Studio | 456 | Amortizing (fully amortized after 25 months) | from $99,720p. 27 | $55,848 |
| Elm – Standard 1 Bedroom (C-south) | 560 | Amortizing (fully amortized after 25 months) | from $130,492p. 27 | $55,848 |
| Elm – Standard 1 Bedroom (B-East) | 560 | Amortizing (fully amortized after 25 months) | from $133,101p. 27 | $55,848 |
| Elm – Standard 1 Bedroom (C-North) | 560 | Amortizing (fully amortized after 25 months) | from $143,539p. 27 | $55,848 |
| Elm – Standard 1 Bedroom (B-West) | 560 | Amortizing (fully amortized after 25 months) | from $146,252p. 27 | $55,848 |
| Elm – Standard 1 Bedroom (A-East) | 560 | Amortizing (fully amortized after 25 months) | from $141,246p. 27 | $55,848 |
| Birch – Special 1 Bedroom | 640 | Amortizing (fully amortized after 25 months) | from $150,814p. 27 | $55,848 |
| Walnut – Standard 2 Bedroom (C-south) | 864 | Amortizing (fully amortized after 25 months) | from $174,210p. 27 | $55,848 |
| Walnut – Standard 2 Bedroom (B-East) | 864 | Amortizing (fully amortized after 25 months) | from $175,954p. 27 | $55,848 |
| Walnut – Standard 2 Bedroom (C-North) | 864 | Amortizing (fully amortized after 25 months) | from $185,491p. 27 | $55,848 |
| Walnut – Standard 2 Bedroom (B-West) | 864 | Amortizing (fully amortized after 25 months) | from $187,266p. 27 | $55,848 |
| Walnut – Standard 2 Bedroom (A-East) | 864 | Amortizing (fully amortized after 25 months) | from $181,282p. 27 | $55,848 |
| Sycamore – Deluxe 2 Bedroom (B-East) | 1,152 | Amortizing (fully amortized after 25 months) | from $234,607p. 27 | $55,848 |
| Sycamore – Deluxe 2 Bedroom (B-West) | 1,152 | Amortizing (fully amortized after 25 months) | from $249,490p. 27 | $55,848 |
| Sycamore – Deluxe 2 Bedroom (A-West) | 1,152 | Amortizing (fully amortized after 25 months) | from $244,132p. 27 | $55,848 |
| Redbud – Deluxe 2 Bedroom (A-West) | 2,256 | Amortizing (fully amortized after 25 months) | from $382,997p. 27 | $55,848 |
| Willow – Grande 2 Bedroom (C-South) | 1,152 | Amortizing (fully amortized after 25 months) | from $232,285p. 27 | $55,848 |
| Willow – Grande 2 Bedroom (B-West) | 1,152 | Amortizing (fully amortized after 25 months) | from $247,095p. 27 | $55,848 |
| Walnut Grande – Grande 2 Bedroom (B-East) | 1,424 | Amortizing (fully amortized after 25 months) | from $277,138p. 27 | $55,848 |
| Magnolia – 2 Bedroom w/Den (B-West) | 1,680 | Amortizing (fully amortized after 25 months) | from $334,750p. 27 | $55,848 |
| Mimosa – 2 Bedroom w/Den (B-East) | 1,712 | Amortizing (fully amortized after 25 months) | from $326,974p. 27 | $55,848 |
| Oak – 1 Bedroom | 830 | Amortizing (fully amortized after 25 months) | from $166,977p. 27 | $55,848 |
| Holly – 1 Bedroom w/Den | 918 | Amortizing (fully amortized after 25 months) | from $184,682p. 27 | $55,848 |
| Holly Grande – 1 Bedroom w/Den | 1,095 | Amortizing (fully amortized after 25 months) | from $220,288p. 27 | $55,848 |
| Maple – 2 Bedroom | 1,134 | Amortizing (fully amortized after 25 months) | from $228,133p. 27 | $55,848 |
| Maple Grande – 2 Bedroom | 1,134 | Amortizing (fully amortized after 25 months) | from $228,133p. 27 | $55,848 |
| Dogwood – 2 Bedroom w/Den | 1,384 | Amortizing (fully amortized after 25 months) | from $278,431p. 27 | $55,848 |
| Dogwood Grande – 2 Bedroom w/Den | 1,577 | Amortizing (fully amortized after 25 months) | from $317,255p. 27 | $55,848 |
| Cottage (approx. 1,650 sq ft avg.) | Not listed | Amortizing (fully amortized after 25 months) | $288,833 to $356,109p. 28 | Not listed |
Residence and Care Agreement – Fee-For-Service (Plan C) · Type C (fee for service) (29 prices, $78,076 to $328,673)
| Unit | Sq ft | Refund plan | Price, one person | Second person |
|---|---|---|---|---|
| Beech – Studio | 456 | Amortizing (fully amortized after 25 months) | from $78,076p. 29 | No extra charge |
| Elm – Standard 1 Bedroom (C-south) | 560 | Amortizing (fully amortized after 25 months) | from $105,618p. 29 | No extra charge |
| Elm – Standard 1 Bedroom (B-East) | 560 | Amortizing (fully amortized after 25 months) | from $105,618p. 29 | No extra charge |
| Elm – Standard 1 Bedroom (C-North) | 560 | Amortizing (fully amortized after 25 months) | from $113,394p. 29 | No extra charge |
| Elm – Standard 1 Bedroom (B-West) | 560 | Amortizing (fully amortized after 25 months) | from $113,394p. 29 | No extra charge |
| Elm – Standard 1 Bedroom (A-East) | 560 | Amortizing (fully amortized after 25 months) | from $105,618p. 29 | No extra charge |
| Birch – Special 1 Bedroom | 640 | Amortizing (fully amortized after 25 months) | from $126,287p. 29 | No extra charge |
| Walnut – Standard 2 Bedroom (C-south) | 864 | Amortizing (fully amortized after 25 months) | from $146,802p. 29 | No extra charge |
| Walnut – Standard 2 Bedroom (B-East) | 864 | Amortizing (fully amortized after 25 months) | from $146,802p. 29 | No extra charge |
| Walnut – Standard 2 Bedroom (C-North) | 864 | Amortizing (fully amortized after 25 months) | from $154,576p. 29 | No extra charge |
| Walnut – Standard 2 Bedroom (B-West) | 864 | Amortizing (fully amortized after 25 months) | from $154,576p. 29 | No extra charge |
| Walnut – Standard 2 Bedroom (A-East) | 864 | Amortizing (fully amortized after 25 months) | from $146,802p. 29 | No extra charge |
| Sycamore – Deluxe 2 Bedroom (B-East) | 1,152 | Amortizing (fully amortized after 25 months) | from $197,176p. 29 | No extra charge |
| Sycamore – Deluxe 2 Bedroom (B-West) | 1,152 | Amortizing (fully amortized after 25 months) | from $204,952p. 29 | No extra charge |
| Sycamore – Deluxe 2 Bedroom (A-West) | 1,152 | Amortizing (fully amortized after 25 months) | from $197,176p. 29 | No extra charge |
| Redbud – Deluxe 2 Bedroom (A-West) | 2,256 | Amortizing (fully amortized after 25 months) | from $325,546p. 29 | No extra charge |
| Willow – Grande 2 Bedroom (C-South) | 1,152 | Amortizing (fully amortized after 25 months) | from $197,176p. 29 | No extra charge |
| Willow – Grande 2 Bedroom (B-West) | 1,152 | Amortizing (fully amortized after 25 months) | from $204,952p. 29 | No extra charge |
| Walnut Grande – Grande 2 Bedroom (B-East) | 1,424 | Amortizing (fully amortized after 25 months) | from $236,826p. 29 | No extra charge |
| Magnolia – 2 Bedroom w/Den (B-West) | 1,680 | Amortizing (fully amortized after 25 months) | from $290,167p. 29 | No extra charge |
| Mimosa – 2 Bedroom w/Den (B-East) | 1,712 | Amortizing (fully amortized after 25 months) | from $288,048p. 29 | No extra charge |
| Oak – 1 Bedroom | 830 | Amortizing (fully amortized after 25 months) | from $144,026p. 29 | No extra charge |
| Holly – 1 Bedroom w/Den | 918 | Amortizing (fully amortized after 25 months) | from $158,973p. 29 | No extra charge |
| Holly Grande – 1 Bedroom w/Den | 1,095 | Amortizing (fully amortized after 25 months) | from $189,633p. 29 | No extra charge |
| Maple – 2 Bedroom | 1,134 | Amortizing (fully amortized after 25 months) | from $188,602p. 29 | No extra charge |
| Maple Grande – 2 Bedroom | 1,134 | Amortizing (fully amortized after 25 months) | from $188,602p. 29 | No extra charge |
| Dogwood – 2 Bedroom w/Den | 1,384 | Amortizing (fully amortized after 25 months) | from $240,038p. 29 | No extra charge |
| Dogwood Grande – 2 Bedroom w/Den | 1,577 | Amortizing (fully amortized after 25 months) | from $273,130p. 29 | No extra charge |
| Cottage (approx. 1,650 sq ft avg.) | Not listed | Amortizing (fully amortized after 25 months) | $261,197 to $328,673p. 30 | No extra charge |
Monthly fees
What residents pay each month, by contract and level of care. A second person adds the amount shown.
Residence and Care Agreement – Lifecare (Plan A) · Type A (life care) (29 prices, $2,286 to $6,218)
| Unit | Level of care | Per month, one person | Second person |
|---|---|---|---|
| Beech – Studio | Independent living | $2,286p. 26 | $1,073 |
| Elm – Standard 1 Bedroom (C-south) | Independent living | $3,124p. 26 | $1,073 |
| Elm – Standard 1 Bedroom (B-East) | Independent living | $3,124p. 26 | $1,073 |
| Elm – Standard 1 Bedroom (C-North) | Independent living | $3,124p. 26 | $1,073 |
| Elm – Standard 1 Bedroom (B-West) | Independent living | $3,124p. 26 | $1,073 |
| Elm – Standard 1 Bedroom (A-East) | Independent living | $3,124p. 26 | $1,073 |
| Birch – Special 1 Bedroom | Independent living | $3,148p. 26 | $1,073 |
| Walnut – Standard 2 Bedroom (C-south) | Independent living | $3,952p. 26 | $1,073 |
| Walnut – Standard 2 Bedroom (B-East) | Independent living | $3,952p. 26 | $1,073 |
| Walnut – Standard 2 Bedroom (C-North) | Independent living | $3,952p. 26 | $1,073 |
| Walnut – Standard 2 Bedroom (B-West) | Independent living | $3,952p. 26 | $1,073 |
| Walnut – Standard 2 Bedroom (A-East) | Independent living | $3,952p. 26 | $1,073 |
| Sycamore – Deluxe 2 Bedroom (B-East) | Independent living | $4,368p. 26 | $1,073 |
| Sycamore – Deluxe 2 Bedroom (B-West) | Independent living | $4,368p. 26 | $1,073 |
| Sycamore – Deluxe 2 Bedroom (A-West) | Independent living | $4,368p. 26 | $1,073 |
| Redbud – Deluxe 2 Bedroom (A-West) | Independent living | $6,218p. 26 | $1,073 |
| Willow – Grande 2 Bedroom (C-South) | Independent living | $4,368p. 26 | $1,073 |
| Willow – Grande 2 Bedroom (B-West) | Independent living | $4,368p. 26 | $1,073 |
| Walnut Grande – Grande 2 Bedroom (B-East) | Independent living | $4,324p. 26 | $1,073 |
| Magnolia – 2 Bedroom w/Den (B-West) | Independent living | $4,739p. 26 | $1,073 |
| Mimosa – 2 Bedroom w/Den (B-East) | Independent living | $4,739p. 26 | $1,073 |
| Oak – 1 Bedroom | Independent living | $3,715p. 26 | $1,073 |
| Holly – 1 Bedroom w/Den | Independent living | $3,880p. 26 | $1,073 |
| Holly Grande – 1 Bedroom w/Den | Independent living | $3,984p. 26 | $1,073 |
| Maple – 2 Bedroom | Independent living | $4,172p. 26 | $1,073 |
| Maple Grande – 2 Bedroom | Independent living | $4,172p. 26 | $1,073 |
| Dogwood – 2 Bedroom w/Den | Independent living | $4,324p. 26 | $1,073 |
| Dogwood Grande – 2 Bedroom w/Den | Independent living | $4,481p. 26 | $1,073 |
| Cottage | Independent living | $4,101p. 28 | $1,289 |
Residence and Care Agreement – Standard (Plan B) · Type B (modified) (29 prices, $2,286 to $6,218)
| Unit | Level of care | Per month, one person | Second person |
|---|---|---|---|
| Beech – Studio | Independent living | $2,286p. 27 | $1,073 |
| Elm – Standard 1 Bedroom (C-south) | Independent living | $3,124p. 27 | $1,073 |
| Elm – Standard 1 Bedroom (B-East) | Independent living | $3,124p. 27 | $1,073 |
| Elm – Standard 1 Bedroom (C-North) | Independent living | $3,124p. 27 | $1,073 |
| Elm – Standard 1 Bedroom (B-West) | Independent living | $3,124p. 27 | $1,073 |
| Elm – Standard 1 Bedroom (A-East) | Independent living | $3,124p. 27 | $1,073 |
| Birch – Special 1 Bedroom | Independent living | $3,148p. 27 | $1,073 |
| Walnut – Standard 2 Bedroom (C-south) | Independent living | $3,952p. 27 | $1,073 |
| Walnut – Standard 2 Bedroom (B-East) | Independent living | $3,952p. 27 | $1,073 |
| Walnut – Standard 2 Bedroom (C-North) | Independent living | $3,952p. 27 | $1,073 |
| Walnut – Standard 2 Bedroom (B-West) | Independent living | $3,952p. 27 | $1,073 |
| Walnut – Standard 2 Bedroom (A-East) | Independent living | $3,952p. 27 | $1,073 |
| Sycamore – Deluxe 2 Bedroom (B-East) | Independent living | $4,368p. 27 | $1,073 |
| Sycamore – Deluxe 2 Bedroom (B-West) | Independent living | $4,368p. 27 | $1,073 |
| Sycamore – Deluxe 2 Bedroom (A-West) | Independent living | $4,368p. 27 | $1,073 |
| Redbud – Deluxe 2 Bedroom (A-West) | Independent living | $6,218p. 27 | $1,073 |
| Willow – Grande 2 Bedroom (C-South) | Independent living | $4,368p. 27 | $1,073 |
| Willow – Grande 2 Bedroom (B-West) | Independent living | $4,368p. 27 | $1,073 |
| Walnut Grande – Grande 2 Bedroom (B-East) | Independent living | $4,324p. 27 | $1,073 |
| Magnolia – 2 Bedroom w/Den (B-West) | Independent living | $4,739p. 27 | $1,073 |
| Mimosa – 2 Bedroom w/Den (B-East) | Independent living | $4,739p. 27 | $1,073 |
| Oak – 1 Bedroom | Independent living | $3,715p. 27 | $1,073 |
| Holly – 1 Bedroom w/Den | Independent living | $3,880p. 27 | $1,073 |
| Holly Grande – 1 Bedroom w/Den | Independent living | $3,984p. 27 | $1,073 |
| Maple – 2 Bedroom | Independent living | $4,172p. 27 | $1,073 |
| Maple Grande – 2 Bedroom | Independent living | $4,172p. 27 | $1,073 |
| Dogwood – 2 Bedroom w/Den | Independent living | $4,324p. 27 | $1,073 |
| Dogwood Grande – 2 Bedroom w/Den | Independent living | $4,481p. 27 | $1,073 |
| Cottage | Independent living | $4,101p. 28 | $1,289 |
Residence and Care Agreement – Fee-For-Service (Plan C) · Type C (fee for service) (29 prices, $1,566 to $3,733)
| Unit | Level of care | Per month, one person | Second person |
|---|---|---|---|
| Beech – Studio | Independent living | $1,566p. 29 | $1,073 |
| Elm – Standard 1 Bedroom (C-south) | Independent living | $1,740p. 29 | $1,073 |
| Elm – Standard 1 Bedroom (B-East) | Independent living | $1,740p. 29 | $1,073 |
| Elm – Standard 1 Bedroom (C-North) | Independent living | $1,740p. 29 | $1,073 |
| Elm – Standard 1 Bedroom (B-West) | Independent living | $1,740p. 29 | $1,073 |
| Elm – Standard 1 Bedroom (A-East) | Independent living | $1,740p. 29 | $1,073 |
| Birch – Special 1 Bedroom | Independent living | $1,775p. 29 | $1,073 |
| Walnut – Standard 2 Bedroom (C-south) | Independent living | $2,174p. 29 | $1,073 |
| Walnut – Standard 2 Bedroom (B-East) | Independent living | $2,174p. 29 | $1,073 |
| Walnut – Standard 2 Bedroom (C-North) | Independent living | $2,174p. 29 | $1,073 |
| Walnut – Standard 2 Bedroom (B-West) | Independent living | $2,174p. 29 | $1,073 |
| Walnut – Standard 2 Bedroom (A-East) | Independent living | $2,174p. 29 | $1,073 |
| Sycamore – Deluxe 2 Bedroom (B-East) | Independent living | $2,434p. 29 | $1,073 |
| Sycamore – Deluxe 2 Bedroom (B-West) | Independent living | $2,434p. 29 | $1,073 |
| Sycamore – Deluxe 2 Bedroom (A-West) | Independent living | $2,434p. 29 | $1,073 |
| Redbud – Deluxe 2 Bedroom (A-West) | Independent living | $3,733p. 29 | $1,073 |
| Willow – Grande 2 Bedroom (C-South) | Independent living | $2,434p. 29 | $1,073 |
| Willow – Grande 2 Bedroom (B-West) | Independent living | $2,434p. 29 | $1,073 |
| Walnut Grande – Grande 2 Bedroom (B-East) | Independent living | $2,621p. 29 | $1,073 |
| Magnolia – 2 Bedroom w/Den (B-West) | Independent living | $2,656p. 29 | $1,073 |
| Mimosa – 2 Bedroom w/Den (B-East) | Independent living | $2,656p. 29 | $1,073 |
| Oak – 1 Bedroom | Independent living | $2,087p. 29 | $1,073 |
| Holly – 1 Bedroom w/Den | Independent living | $2,260p. 29 | $1,073 |
| Holly Grande – 1 Bedroom w/Den | Independent living | $2,348p. 29 | $1,073 |
| Maple – 2 Bedroom | Independent living | $2,434p. 29 | $1,073 |
| Maple Grande – 2 Bedroom | Independent living | $2,434p. 29 | $1,073 |
| Dogwood – 2 Bedroom w/Den | Independent living | $2,523p. 29 | $1,073 |
| Dogwood Grande – 2 Bedroom w/Den | Independent living | $2,570p. 29 | $1,073 |
| Cottage | Independent living | $2,609p. 30 | $1,073 |
Fee increases, year by year
| Year | Level of care | Unit | Increase | Monthly fee, before and after |
|---|---|---|---|---|
| 2025 | Independent living | All units | +$88 to $170 a month | Dollar change onlyp. 34 |
| 2024 | Independent living | All units | +$124 to $228 a month | Dollar change onlyp. 34 |
| 2023 | Independent living | All units | +$60 to $117 a month | Dollar change onlyp. 34 |
| 2023 | Independent living | All units | +$59 to $114 a month | Dollar change onlyp. 34 |
| 2022 | Independent living | All units | +$0 a month | Dollar change onlyp. 34 |
| 2022 | Independent living | All units | +$91 to $177 a month | Dollar change onlyp. 34 |
| 2021 | Independent living | All units | +$58 to $112 a month | Dollar change onlyp. 34 |
Refunds
What comes back from the entrance fee when you leave or die, and when it is paid.
Amortizing (fully amortized after 25 months)p. 16
Under the Lifecare, Standard and Fee-For-Service fees, the entrance fee is amortized 4% a month and is fully amortized after 25 months. Amortization starts at occupancy or 91 days after signing, whichever comes first. Refunds are paid 60 days after a new resident occupies the unit and pays their entrance fee, and no later than two years after you release it.
- Kept on move-in
- Not disclosed in the 2026 filing
- Declines by
- 4% a month for 25 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
90% Refund (Lifecare or Standard)p. 31
A Lifecare or Standard entrance fee plus an age-based surcharge (34% at age 60 rising to 100% at age 80; not offered at 81 and above). It amortizes 4% a month for about two and a half months, after which 90% is returned. Refunds are paid 60 days after a new resident occupies the unit and pays their entrance fee, and no later than two years after you release it.
- Kept on move-in
- Not disclosed in the 2026 filing
- Declines by
- 4% a month for 3 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.
- Balance sheet and ratios: Grace LifeCare, Inc.
- Days cash on hand was calculated by us from the audited statements using the standard formula. The formula
Days cash on hand
61 days FY2025p. 52
- Its lenders’ minimum: Not disclosed in the 2026 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 2026 filing
- Its lenders’ minimum: Not disclosed in the 2026 filing
- Industry median: 1.80x Ziegler median for fiscal 2022, 132 bond-financed not-for-profit entrance-fee CCRCs
Read with these figuresThe statement reports no ratios; we computed about 61 days from the audit: cash $375,361 plus marketable securities $1,450,073, over FY2025 cash operating expenses of $11.0M. The $5.66M statutory operating reserve is excluded; counting it would give about 248 days. The balance sheet shows no long-term debt, and operations used $2.0M of cash in FY2025 and $5.7M in FY2024 (p54).
How to read these figures: what each one measures and why a lender’s minimum is a floor, not a target.
Balance sheet
| Fiscal year | FY2025p. 52 |
|---|---|
| Total assets | $24.3 million |
| Total liabilities | $23.8 million |
| Long-term debt | $0 |
| Entrance fees not yet earned (deferred revenue) | $15.0 million |
| Refunds owed to residents (refundable fee liability) | $5.1 million |
| Net position (assets minus liabilities) | $449,975 |
Auditor: CliftonLarsonAllen LLP. Opinion: Unmodified (clean) opinionp. 52
Occupancy
The 2026 filing does not report 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
- 5 of 5
- Health inspections
- 5 of 5
- Staffing
- 2 of 5
- Quality measures
- 5 of 5
Fines recorded by CMS: 0. Grace Heights Health & Rehabilitation on Care Compare
In brief
Grace Ridge is a continuing care retirement community in Morganton owned by Blue Ridge Healthcare Hospitals, with 122 apartments, 27 cottages and a 72-bed Health Care Center. It offers lifecare, 30%-discount and fee-for-service plans, with apartment entrance fees from $78,076 (fee-for-service studio) to $547,138 (lifecare). Its net assets turned positive in FY2025 ($449,975) after a deficit the year before; it carries no long-term debt.PDF
Nearest communities in North Carolina
- Abernethy Laurels
Newton · 30 miles away
Entrance fee: $40,500 to $543,000
- Givens Highland Farms
Black Mountain · 39 miles away
Entrance fee: $211,420 to $1,473,750
- Stanley Total Living Center
Stanley · 45 miles away
Entrance fee: $36,000 to $42,000
Sources
- Grace Ridge Retirement Community — 2026 Disclosure StatementNorth Carolina Department of Insurance · filed 2026, fiscal 2025 finances · 153 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.