Pine Knoll
590 Central Drive, Southern Pines, North Carolina 28387 · Community website
- Operator:
- St. Joseph of the Pines, Inc.
- Ownership:
- Nonprofit
- Affiliation:
- Roman Catholic (Trinity Health)
- Opened:
- 1984
Sole member is Trinity Continuing Care Services, whose sole member is Trinity Health Corporation.
- Type B (modified)
Figures from the 2026 disclosure statement (fiscal 2025 finances), filed with the North Carolina Department of Insurance.PDF
At a glance
Entrance fee, one person, every plan
Monthly fee, independent living
Refund plans offered
- Standard Refund OptionCan decline to nothing
- Fifty Percent (50%) Refund OptionNever less than 50% of the fee
- Ninety Percent (90%) Refund OptionNever less than 90% of the fee
- Membership Fee (non-refundable)Terms not disclosed in the 2026 filing
Days cash on hand
Read the note on this figure
Computed by us: cash $41,574 + investments $8,655,577 + board-designated $249,830 over FY2025 expenses less depreciation and amortization ($31,727,285/365). Excludes the $3.6M statutory operating reserve, donor-designated funds and $8.8M of other receivables (largely funds held at parent Trinity Health); counting the receivables would give about 205 days.
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)The filing calls it Extensive Benefit; we class contracts by how care is priced (our definitions).
Up to 14 days a calendar year of temporary assisted living or nursing care at no extra charge while you keep paying your monthly fee; on a permanent move you pay 50% of the published per diem rate. Requires a health evaluation, management approval and a separate non-refundable Extensive Benefit Fee whose amount is not disclosed.p. 66
- Assisted living
- 50% discount from the published per diem fee once a permanent move is determined (published 2026 Coventry rates: studio $7,724, apartment $8,634 a month); the independent living monthly fee stops when the unit is vacated.
- Nursing care
- 50% discount from the published per diem fee (2026 private-pay daily room rate $390), semi-private room standard; private room at a surcharge.
- Care days included
- 14
- Discount on care
- 50%
- Priority for a bed
- Yes, residents come before outside admissions
Type B (modified)The filing calls it Fee-for-service; we class contracts by how care is priced (our definitions).
Fee-for-service care, but with up to 14 days a calendar year of temporary assisted living or nursing care at no extra charge while you keep paying your monthly fee (which makes it Type B by our definition); on a permanent move you pay the full published per diem rate.p. 67
- Assisted living
- Then-current published per diem (2026 Coventry: studio $7,724, apartment $8,634 a month); the independent living monthly fee stops when the unit is vacated.
- Nursing care
- Then-current published per diem (2026 private-pay daily room rate $390), semi-private room standard; private room at a surcharge.
- Care days included
- 14
- Priority for a bed
- Yes, residents come before outside admissions
| Independent living | 90 |
|---|---|
| Assisted living | Not disclosed in the 2026 filing |
| Memory care | Not disclosed in the 2026 filing |
| Nursing care | Not disclosed in the 2026 filing |
Entrance fees
One-person prices as the filing lists them, by contract. A second person usually pays the extra amount shown.
The 2026 filing lists no entrance-fee schedule. What it says about the contracts:
One Residency Agreement with a choice of Extensive Benefit (50% off published assisted living and nursing per diems, for an extra non-refundable fee) or Fee-for-service healthcare (both include 14 days a year of temporary care at no extra charge, so both map to Type B), and a choice of paying an Entrance Fee (Standard, 50% or 90% refund plans) or a lower, non-refundable Membership Fee with a higher monthly fee. Entrance and membership fee amounts are not stated in the disclosure.PDF
Monthly fees
What residents pay each month, by contract and level of care. A second person adds the amount shown.
Residency Agreement – Extensive Benefit · Type B (modified) (13 prices, $1,886 to $4,684)
| Unit | Level of care | Per month, one person | Second person |
|---|---|---|---|
| Halsford (384 sf) | Independent living | $1,886p. 19 | $1,467 |
| Lampford (573 sf) | Independent living | $2,252p. 19 | $1,467 |
| Upton (720 sf) | Independent living | $2,560p. 19 | $1,467 |
| Newland (836 sf) | Independent living | $2,838p. 19 | $1,467 |
| Ashemore (1,295 sf) | Independent living | $3,973p. 19 | $1,467 |
| Scotsgrove (1,344 sf) | Independent living | $4,070p. 19 | $1,467 |
| Kingston (1,618 sf) | Independent living | $4,404p. 19 | $1,467 |
| Woodleigh (1,211 sf) | Independent living | $3,918p. 19 | $1,467 |
| Bickleigh (1,322 sf) | Independent living | $4,048p. 19 | $1,467 |
| Ashleigh (1,347 sf) | Independent living | $4,090p. 19 | $1,467 |
| Kingsford (1,381 sf) | Independent living | $4,156p. 19 | $1,467 |
| Dunsford (1,443 sf) | Independent living | $4,190p. 19 | $1,467 |
| Fernhill (1,733 sf) | Independent living | $4,684p. 19 | $1,467 |
Residency Agreement – Fee-for-service · Type B (modified) (13 prices, $1,886 to $4,684)
| Unit | Level of care | Per month, one person | Second person |
|---|---|---|---|
| Halsford (384 sf) | Independent living | $1,886p. 19 | $1,467 |
| Lampford (573 sf) | Independent living | $2,252p. 19 | $1,467 |
| Upton (720 sf) | Independent living | $2,560p. 19 | $1,467 |
| Newland (836 sf) | Independent living | $2,838p. 19 | $1,467 |
| Ashemore (1,295 sf) | Independent living | $3,973p. 19 | $1,467 |
| Scotsgrove (1,344 sf) | Independent living | $4,070p. 19 | $1,467 |
| Kingston (1,618 sf) | Independent living | $4,404p. 19 | $1,467 |
| Woodleigh (1,211 sf) | Independent living | $3,918p. 19 | $1,467 |
| Bickleigh (1,322 sf) | Independent living | $4,048p. 19 | $1,467 |
| Ashleigh (1,347 sf) | Independent living | $4,090p. 19 | $1,467 |
| Kingsford (1,381 sf) | Independent living | $4,156p. 19 | $1,467 |
| Dunsford (1,443 sf) | Independent living | $4,190p. 19 | $1,467 |
| Fernhill (1,733 sf) | Independent living | $4,684p. 19 | $1,467 |
Fee increases, year by year
| Year | Level of care | Unit | Increase | Monthly fee, before and after |
|---|---|---|---|---|
| 2026 | Independent living | All units | 5% | Percent onlyp. 19 |
| 2025 | Independent living | All units | 6.6% | Percent onlyp. 19 |
| 2024 | Independent living | All units | 5.5% | Percent onlyp. 19 |
| 2023 | Independent living | All units | 6% | Percent onlyp. 19 |
| 2022 | Independent living | All units | 4% | Percent onlyp. 19 |
Refunds
What comes back from the entrance fee when you leave or die, and when it is paid.
Standard Refund Optionp. 68
The refund is the entrance fee less 2% for each month after closing (for up to 49 months) and less an administrative charge of the greater of $1,000 or 2% of the entrance fee, so nothing is refunded after 49 months. Any refund is paid once your unit has been reserved by a new resident who has paid their entrance fee.
- 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
Fifty Percent (50%) Refund Optionp. 69
Bought with a higher 50% Refund Entrance Fee. The refund declines 2% of the fee a month for up to 24 months, less an administrative charge of the greater of $1,000 or 2%, but is never less than 50% of the fee paid (less periodic charges). Paid once your unit has been reserved by a new resident who has paid their entrance fee; must be elected at closing or within 90 days.
- Kept on move-in
- 2% of the fee
- Declines by
- 2% a month for 24 months
- Never less than
- 50% of the fee
- Longest wait
- No limit stated
- Paid
- When your unit is re-occupied and the new resident has paid
Ninety Percent (90%) Refund Optionp. 69
Bought with a higher 90% Refund Entrance Fee. The refund declines 2% of the fee a month for up to 4 months, less an administrative charge of the greater of $1,000 or 2%, but is never less than 90% of the fee paid (less periodic charges). Paid once your unit has been reserved by a new resident who has paid their entrance fee; must be elected at closing or within 90 days.
- Kept on move-in
- 2% of the fee
- Declines by
- 2% a month for 4 months
- Never less than
- 90% of the fee
- Longest wait
- No limit stated
- Paid
- When your unit is re-occupied and the new resident has paid
Membership Fee (non-refundable)p. 76
Instead of an entrance fee a resident may pay a lower Membership Fee with a higher monthly fee. Once you have moved in, no part of the Membership Fee is refunded, including on death; before move-in it is refunded less $1,000.
- Kept on move-in
- Not disclosed in the 2026 filing
- Declines by
- Not disclosed in the 2026 filing
- Never less than
- Not disclosed in the 2026 filing
- Longest wait
- No limit stated
- Paid
- Not disclosed in the 2026 filing
Refund calculator
Estimated refund: 0%
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.
- Pine Knoll is part of St. Joseph of the Pines, Inc.
- Balance sheet: St. Joseph of the Pines, Inc. (Belle Meade, Pine Knoll, Health Center, Coventry and HUD property management).
- Ratios: St. Joseph of the Pines, Inc.
- Days cash on hand was calculated by us from the audited statements using the standard formula. The formula
Days cash on hand
103 days FY2025p. 29
- 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 figuresComputed by us: cash $41,574 + investments $8,655,577 + board-designated $249,830 over FY2025 expenses less depreciation and amortization ($31,727,285/365). Excludes the $3.6M statutory operating reserve, donor-designated funds and $8.8M of other receivables (largely funds held at parent Trinity Health); counting the receivables would give about 205 days.
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. 29 |
|---|---|
| Total assets | $71.5 million |
| Total liabilities | $68.5 million |
| Long-term debt | $41.0 million |
| Entrance fees not yet earned (deferred revenue) | $20.0 million |
| Refunds owed to residents (refundable fee liability) | $2.9 million |
| Net position (assets minus liabilities) | $3.0 million |
Auditor: brc (Greensboro, NC; firm shown by logo and brc.cpa only). Opinion: Unmodified (clean) opinionp. 29
Occupancy
Nursing care on campus
We have not linked this community’s nursing center to a CMS record. Nursing centers certified by Medicare can be looked up on CMS Care Compare.
In brief
Pine Knoll, opened in 1984 as St. Joseph of the Pines Villas, is the smaller of two independent living campuses run by the nonprofit St. Joseph of the Pines, Inc. (Trinity Health) in Southern Pines; its residents use the Coventry assisted living home and Health Center next to Belle Meade, about 1.5 miles away. It offers the same choice of Extensive Benefit or fee-for-service care and of refund plans as Belle Meade. 2026 monthly fees run $1,886 to $4,684.PDF
Nearest communities in North Carolina
- Penick Village
Southern Pines · 1 miles away
Entrance fee: $135,987 to $859,200
- Belle Meade
Southern Pines · 1 miles away
Entrance fee: Not disclosed in the 2026 filing
- Quail Haven Village
Pinehurst · 5 miles away
Entrance fee: Not disclosed in the 2026 filing
Sources
- Belle Meade and Pine Knoll (St. Joseph of the Pines) — 2026 Disclosure StatementNorth Carolina Department of Insurance · filed 2026, fiscal 2025 finances · 95 pages · retrieved 2026-10-15
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