Pennybyrn at Maryfield
109 Penny Rd, High Point, North Carolina 27260 · Community website
- Operator:
- Maryfield, Inc. (d/b/a Pennybyrn)
- Ownership:
- Nonprofit
- Affiliation:
- Catholic (founded 1947 by the Poor Servants of the Mother of God; member of the Catholic Health Care Association)
- Opened:
- 1979
- Type B (modified)
Figures from the 2026 disclosure statement (fiscal 2025 finances), filed with the North Carolina Department of Insurance.PDF
At a glance
Monthly fee, independent living
Refund plans offered
- Plan A - Traditional Amortizing Entrance Fee (0% after 49 months)Can decline to nothing
Days cash on hand
Read the note on this figure
The document's $20,208,700 of unrestricted cash and investments (p34) includes the $6,969,000 statutory operating reserve held as an asset limited as to use (p47). Cash and current investments alone ($13,239,700) ≈ 169 days on the document's own basis, ≈ 151 days on total expenses less depreciation and amortization (p49).
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)
Benefit: 15 grace days per year, at no additional charge, of services above what Medicare or other insurance covers while an independent living resident stays temporarily in assisted living, memory support or nursing. Unused grace days carry over to a cumulative maximum of 45 days, and the benefit lasts only while the resident remains an independent living resident; additional meals and services are extra. After a permanent move residents pay the published health care rates with no stated discount. Residents get priority over non-residents, but a bed is not guaranteed.p. 101
- Assisted living
- 15 grace days per year at no additional charge during a temporary stay, carried over to a cumulative maximum of 45 days, while still an independent living resident. After a permanent move the independent living monthly fee stops and the resident pays the published assisted living fee: $7,529-$9,496 a month, $9,383 for dementia care (2026).
- Nursing care
- Same 15 grace days per year (cumulative maximum 45) for temporary stays. Otherwise the published per diem: $437 a day private, $389 semi-private.
- Care days included
- 15
- Priority for a bed
- Yes, residents come before outside admissions
| Independent living | 222 |
|---|---|
| Assisted living | 24 |
| Memory care | 24 |
| Nursing care | 125 |
Entrance fees
One-person prices as the filing lists them, by contract. A second person usually pays the extra amount shown.
Residency Agreement (Traditional Amortizing Entrance Fee) · Type B (modified) (27 prices, $150,000 to $477,667)
| Unit | Refund plan | Price, one person | Second person |
|---|---|---|---|
| IL – Apartment - 1 Bedroom, 1 Bath (10) | Plan A - Traditional Amortizing Entrance Fee (0% after 49 months) | $179,000p. 25 | Not listed |
| IL – Apartment - 1 Bedroom, 1 Bath (3) | Plan A - Traditional Amortizing Entrance Fee (0% after 49 months) | $227,000p. 25 | Not listed |
| IL – Apartment - 1 Bedroom, 1 Bath, Den (9) | Plan A - Traditional Amortizing Entrance Fee (0% after 49 months) | $221,000p. 25 | Not listed |
| IL – Apartment - 1 Bedroom, 1 Bath, Den (35) | Plan A - Traditional Amortizing Entrance Fee (0% after 49 months) | $259,000p. 25 | Not listed |
| IL – Apartment - 1 Bedroom, 1.5 Bath, Den (8) | Plan A - Traditional Amortizing Entrance Fee (0% after 49 months) | $261,000p. 25 | Not listed |
| IL – Apartment - 2 Bedroom, 2 Bath (41) | Plan A - Traditional Amortizing Entrance Fee (0% after 49 months) | $275,000p. 25 | Not listed |
| IL – Apartment - 2 Bedroom, 2 Bath (3) | Plan A - Traditional Amortizing Entrance Fee (0% after 49 months) | $296,000p. 25 | Not listed |
| IL – Apartment - 2 Bedroom, 2 Bath (2) | Plan A - Traditional Amortizing Entrance Fee (0% after 49 months) | $296,000p. 25 | Not listed |
| IL – Apartment - 1 Bedroom, 2 Bath, Den (3) | Plan A - Traditional Amortizing Entrance Fee (0% after 49 months) | $307,000p. 25 | Not listed |
| IL – Apartment - 2 Bedroom, 2 Bath (3) [second listing] | Plan A - Traditional Amortizing Entrance Fee (0% after 49 months) | $319,000p. 25 | Not listed |
| IL – Apartment - 2 Bedroom, 2 Bath, Den (11) | Plan A - Traditional Amortizing Entrance Fee (0% after 49 months) | $321,000p. 25 | Not listed |
| IL – Apartment - 2 Bedroom, 2 Bath, (8) | Plan A - Traditional Amortizing Entrance Fee (0% after 49 months) | $332,000p. 25 | Not listed |
| IL – Apartment - 2 Bedroom, 2 Bath, Den (4) | Plan A - Traditional Amortizing Entrance Fee (0% after 49 months) | $336,000p. 25 | Not listed |
| IL – Apartment - 2 Bedroom, 2 Bath, Den (8) | Plan A - Traditional Amortizing Entrance Fee (0% after 49 months) | $328,000p. 25 | Not listed |
| IL – Apartment - 2 Bedroom, 2.5 Bath, Den (3) | Plan A - Traditional Amortizing Entrance Fee (0% after 49 months) | $352,000p. 25 | Not listed |
| IL – Apartment - 2 Bedroom, 2.5 Bath, Den (6) | Plan A - Traditional Amortizing Entrance Fee (0% after 49 months) | $355,000p. 25 | Not listed |
| IL – Apartment - 2 Bedroom, 2 Bath, Den (3) | Plan A - Traditional Amortizing Entrance Fee (0% after 49 months) | $378,000p. 25 | Not listed |
| IL – Apartment - 2 Bedroom, 2.5 Bath, Den (9) | Plan A - Traditional Amortizing Entrance Fee (0% after 49 months) | $392,000p. 25 | Not listed |
| IL – Apartment - 2 Bedroom, 2.5 Bath, Den (4) | Plan A - Traditional Amortizing Entrance Fee (0% after 49 months) | $407,000p. 25 | Not listed |
| IL – Heritage Cottage - 1 Bedroom, 1 Bath (2) | Plan A - Traditional Amortizing Entrance Fee (0% after 49 months) | $155,000p. 25 | Not listed |
| IL – Heritage Cottage - 1 Bedroom, 1 Bath (5) | Plan A - Traditional Amortizing Entrance Fee (0% after 49 months) | $150,000p. 25 | Not listed |
| IL – Heritage Cottage - 2 Bedroom, 2 Bath (7) | Plan A - Traditional Amortizing Entrance Fee (0% after 49 months) | $232,571p. 26 | Not listed |
| IL – Heritage Cottage - 2 Bedroom, 2 Bath (12) | Plan A - Traditional Amortizing Entrance Fee (0% after 49 months) | $330,167p. 26 | Not listed |
| IL – Heritage Cottage - 3 Bedroom, 2 Bath (3) | Plan A - Traditional Amortizing Entrance Fee (0% after 49 months) | $477,667p. 26 | Not listed |
| IL – Shamrock Cottage - 2 Bedroom, 2 Bath (1) | Plan A - Traditional Amortizing Entrance Fee (0% after 49 months) | $337,000p. 26 | Not listed |
| IL – Shamrock Cottage - 2 Bedroom, 2 Bath Den (12) | Plan A - Traditional Amortizing Entrance Fee (0% after 49 months) | $373,000p. 26 | Not listed |
| IL – Shamrock Cottage - 2 Bedroom, 2 Bath Den (7) | Plan A - Traditional Amortizing Entrance Fee (0% after 49 months) | $473,000p. 26 | Not listed |
Monthly fees
What residents pay each month, by contract and level of care. A second person adds the amount shown.
Residency Agreement (Traditional Amortizing Entrance Fee) · Type B (modified) (31 prices, $3,314 to $9,496)
| Unit | Level of care | Per month, one person | Second person |
|---|---|---|---|
| IL – Apartment - 1 Bedroom, 1 Bath (10) | Independent living | $3,886p. 22 | $1,560 |
| IL – Apartment - 1 Bedroom, 1 Bath (3) | Independent living | $4,475p. 22 | $1,560 |
| IL – Apartment - 1 Bedroom, 1 Bath, Den (9) | Independent living | $4,295p. 22 | $1,560 |
| IL – Apartment - 1 Bedroom, 1 Bath, Den (35) | Independent living | $4,514p. 22 | $1,560 |
| IL – Apartment - 1 Bedroom, 1.5 Bath, Den (8) | Independent living | $4,914p. 22 | $1,560 |
| IL – Apartment - 2 Bedroom, 2 Bath (41) | Independent living | $4,941p. 22 | $1,560 |
| IL – Apartment - 2 Bedroom, 2 Bath (3) | Independent living | $5,526p. 22 | $1,560 |
| IL – Apartment - 2 Bedroom, 2 Bath (2) | Independent living | $5,526p. 22 | $1,560 |
| IL – Apartment - 1 Bedroom, 2 Bath, Den (3) | Independent living | $5,919p. 22 | $1,560 |
| IL – Apartment - 2 Bedroom, 2 Bath (3) [second listing] | Independent living | $5,995p. 22 | $1,560 |
| IL – Apartment - 2 Bedroom, 2 Bath, Den (11) | Independent living | $5,819p. 22 | $1,560 |
| IL – Apartment - 2 Bedroom, 2 Bath, (8) | Independent living | $6,237p. 22 | $1,560 |
| IL – Apartment - 2 Bedroom, 2 Bath, Den (4) | Independent living | $6,300p. 22 | $1,560 |
| IL – Apartment - 2 Bedroom, 2 Bath, Den (8) | Independent living | $6,073p. 22 | $1,560 |
| IL – Apartment - 2 Bedroom, 2.5 Bath, Den (3) | Independent living | $6,415p. 22 | $1,560 |
| IL – Apartment - 2 Bedroom, 2.5 Bath, Den (6) | Independent living | $6,451p. 22 | $1,560 |
| IL – Apartment - 2 Bedroom, 2 Bath, Den (3) | Independent living | $6,096p. 22 | $1,560 |
| IL – Apartment - 2 Bedroom, 2.5 Bath, Den (9) | Independent living | $6,602p. 22 | $1,560 |
| IL – Apartment - 2 Bedroom, 2.5 Bath, Den (4) | Independent living | $6,899p. 23 | $1,560 |
| IL – Heritage Cottage - 1 Bedroom, 1 Bath (2) | Independent living | $3,401p. 23 | $1,560 |
| IL – Heritage Cottage - 1 Bedroom, 1 Bath (5) | Independent living | $3,314p. 23 | $1,560 |
| IL – Heritage Cottage - 2 Bedroom, 2 Bath (7) | Independent living | $4,917p. 23 | $1,560 |
| IL – Heritage Cottage - 2 Bedroom, 2 Bath (12) | Independent living | $5,794p. 23 | $1,560 |
| IL – Heritage Cottage - 3 Bedroom, 2 Bath (3) | Independent living | $6,844p. 23 | $1,560 |
| IL – Shamrock Cottage - 2 Bedroom, 2 Bath (1) | Independent living | $5,329p. 23 | $1,560 |
| IL – Shamrock Cottage - 2 Bedroom, 2 Bath Den (12) | Independent living | $6,198p. 23 | $1,560 |
| IL – Shamrock Cottage - 2 Bedroom, 2 Bath Den (7) | Independent living | $6,899p. 23 | $1,560 |
| AL – 1 Bedroom – Multi unit with services (12) | Assisted living | $7,529p. 23 | Not listed |
| AL – 1 Bedroom, 1 Bath (10) | Assisted living | $7,922p. 23 | Not listed |
| AL – 2 Bedroom (2) | Assisted living | $9,496p. 23 | Not listed |
| AL – 1 Bedroom – Dementia Care (24) | Memory care | $9,383p. 23 | Not listed |
Fee increases, year by year
| Year | Level of care | Unit | Increase | Monthly fee, before and after |
|---|---|---|---|---|
| 2025 | Independent living | All units | 4.5% | Percent onlyp. 24 |
| 2024 | Independent living | All units | 5% | Percent onlyp. 24 |
| 2023 | Independent living | All units | 4.5% | Percent onlyp. 24 |
| 2022 | Independent living | All units | 4.5% | Percent onlyp. 24 |
| 2021 | Independent living | All units | 3% | Percent onlyp. 24 |
Refunds
What comes back from the entrance fee when you leave or die, and when it is paid.
Plan A - Traditional Amortizing Entrance Fee (0% after 49 months)p. 104
2% of the entrance fee is earned on occupancy and another 2% each month, so nothing is refundable after 49 months. Any refund is paid about 60 days after a replacement entrance fee for your residence has been paid in full. Unpaid bills, any financial assistance and excess repair costs are deducted first, and nothing is refunded on a move to assisted living or nursing.
- Kept on move-in
- 2% of the fee
- Declines by
- 2% a month for 49 months
- Never less than
- Nothing: it can decline to zero
- Longest wait
- No limit stated
- Paid
- When your unit is re-occupied and the new resident has paid
Refund calculator
Estimated refund: $0 (0% of the fee)
When it is paid: when your unit is re-occupied and the new resident has paid. 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: Maryfield, Inc.
- Ratios: Maryfield, Inc. (sole obligor).
Days cash on hand
258 days FY2025p. 2
- 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
1.77x FY2025p. 2
- 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 document's $20,208,700 of unrestricted cash and investments (p34) includes the $6,969,000 statutory operating reserve held as an asset limited as to use (p47). Cash and current investments alone ($13,239,700) ≈ 169 days on the document's own basis, ≈ 151 days on total expenses less depreciation and amortization (p49).
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. 47 | FY2024p. 2 | FY2023p. 2 |
|---|---|---|---|
| Days cash on hand | 258 days | 220 days | 187 days |
| Debt service coverage | 1.77x | 1.85x | 1.67x |
| Operating margin | 18.1% | 12.8% | 10.4% |
| Total assets | $166.5 million | $166.1 million | Not disclosed |
| Total liabilities | $133.9 million | $137.4 million | Not disclosed |
| Long-term debt | $82.0 million | $85.7 million | Not disclosed |
| Entrance fees not yet earned (deferred revenue) | $29.8 million | $27.5 million | Not disclosed |
| Refunds owed to residents (refundable fee liability) | $13.4 million | Not disclosed | Not disclosed |
| Net position (assets minus liabilities) | $32.5 million | $28.7 million | Not disclosed |
Auditor: Forvis Mazars, LLP. Opinion: Unmodified (clean) opinionp. 47
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
- 5 of 5
- Quality measures
- 4 of 5
Fines recorded by CMS: 0. Maryfield Nursing Home on Care Compare
In brief
Pennybyrn at Maryfield in High Point, NC is a nonprofit Catholic-founded continuing care retirement community run by Maryfield, Inc., with 222 independent living units, 24 assisted living and 24 memory support units, and 125 skilled nursing beds. Its one current contract amortizes the entrance fee ($150,000 to $477,667) to no refund after 49 months and includes 15 grace days per year of health care at no additional charge during temporary stays, with unused days carrying over to a cumulative maximum of 45 while the resident remains in independent living; after that, and on a permanent move, residents pay the published health care rates.PDF
Nearest communities in North Carolina
- Providence Place
High Point · 5 miles away
Entrance fee: None: rental
- River Landing at Sandy Ridge
Colfax · 6 miles away
Entrance fee: $15,000 to $638,000
- Friends Homes West
Greensboro · 7 miles away
Entrance fee: $139,000 to $510,000
Sources
- Pennybyrn at Maryfield — 2026 Disclosure StatementNorth Carolina Department of Insurance · filed 2026, fiscal 2025 finances · 121 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.