Providence Place
1765 Westchester Drive, High Point, North Carolina 27262 · Community website
- Operator:
- Providence Place, LLC (sole member EveryAge)
- Ownership:
- Nonprofit
- Affiliation:
- Not disclosed in the 2026 filing
- Opened:
- 2025
Providence Place, LLC is a disregarded-entity LLC whose sole member is EveryAge, a North Carolina nonprofit; it acquired the community (first established in 1978 under different ownership) on October 1, 2024 and was licensed as a CCRC on February 13, 2025.
- Rental
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
Refund plans offered
Days cash on hand
Read the note on this figure
Margin caution: the 14.10% net operating margin is the NC statutory ratio (resident operating income / resident revenue, FS-1 p2, Appendix F p188); the audited combining statement of operations shows a GAAP operating loss of $667,794 on $23,305,183 of operating revenue for Providence Place (p88), about -2.9%. First year under EveryAge ownership; no prior-year ratios. The bond obligated group Providence Place belongs to (EveryAge, Abernethy Laurels, Piedmont Crossing, Lake Prince Woods, BellaAge Hickory and others) reported 342 days cash on hand and 2.72x debt service coverage for FY2025 (p40, p43).
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.
- Rental: No entrance fee and no promise of future care.
How the contract types compare
RentalThe filing calls it fee-for-service or limited-benefit; we class contracts by how care is priced (our definitions).
No care days or discounts are included: residents moving to assisted living, memory care or nursing pay the direct admission rates. Admission depends on bed availability; if no bed is free the community will help find placement elsewhere and gives priority application access at other EveryAge nursing facilities.p. 45
- Assisted living
- Charged at the assisted living monthly rate: $4,822 semi-private, $6,103 private; memory care $6,200-$7,023.
- Nursing care
- Charged at the skilled nursing monthly rate: $9,247 semi-private, $10,281 private; memory care $9,551-$10,615.
| Independent living | 160 |
|---|---|
| Assisted living | 90 |
| Memory care | Not disclosed in the 2026 filing |
| Nursing care | 129 |
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 rental continuing care contract (Residential Living Residency Agreement): no entrance fee, a security deposit equal to one month's rent plus a non-refundable application fee, a one-year initial term then month to month. The security deposit is refunded on death or on termination with 60 days' notice after the term (less damages and charges) but is forfeited if the resident leaves before the 12-month term ends. Assisted living, memory care and nursing are charged at the community's monthly rates.PDF
Monthly fees
What residents pay each month, by contract and level of care. A second person adds the amount shown.
Residential Living Residency Agreement (rental) · Rental (17 prices, $1,024 to $10,615)
| Unit | Level of care | Per month, one person | Second person |
|---|---|---|---|
| Residential Living Village 1 Studio Apartment | Independent living | $1,024p. 25 | $250 |
| Residential Living Village 1 - One Bedroom/One Bath Apartment | Independent living | $1,086 to $1,939p. 25 | $250 |
| Residential Living Village 1 - Two Bedroom/One Bath Apartment | Independent living | $1,531 to $1,728p. 25 | $250 |
| Residential Living Village 1 - Two Bedroom/Two Bath Apartment | Independent living | $2,048 to $2,725p. 25 | $250 |
| Residential Living Village 2 - One Bedroom/One Bath Apartment | Independent living | $1,095 to $1,731p. 25 | $250 |
| Residential Living Village 2 - Two Bedroom/One Bath Apartment | Independent living | $1,744 to $1,931p. 26 | $250 |
| Residential Living Village 2 - Two Bedroom/Two Bath Apartment | Independent living | $2,068 to $2,912p. 26 | $250 |
| Residential Living Villa - Two Bedroom/Two Bath | Independent living | $2,525 to $2,594p. 26 | $250 |
| Residential Living Villa - Three Bedroom/Two Bath | Independent living | $3,019p. 26 | $250 |
| Assisted Living Semi-private | Assisted living | $4,822p. 26 | Not listed |
| Assisted Living Private | Assisted living | $6,103p. 26 | Not listed |
| Assisted Living Memory Care Semi-private | Memory care | $6,200p. 26 | Not listed |
| Assisted Living Memory Care - Private | Memory care | $7,023p. 26 | Not listed |
| Skilled Nursing - Private | Nursing care | $10,281p. 26 | Not listed |
| Skilled Nursing - Semi-private | Nursing care | $9,247p. 26 | Not listed |
| Skilled Nursing - Memory Care - Private | Memory care | $10,615p. 26 | Not listed |
| Skilled Nursing - Memory Care - Semi-private | Memory care | $9,551p. 26 | Not listed |
Fee increases, year by year
| Year | Level of care | Unit | Increase | Monthly fee, before and after |
|---|---|---|---|---|
| 2025 | Independent living | All units | 4% | Percent onlyp. 27 |
Refunds
What comes back from the entrance fee when you leave or die, and when it is paid.
No entrance-fee refund plan: residents rent.
Finances
Whether the organisation behind the community has the cash and income to keep its promises for decades.
- Providence Place is part of EveryAge obligated group.
- Balance sheet: Providence Place, LLC (column of the EveryAge and Affiliates combining schedule).
- Ratios: Providence Place, LLC (provider only).
Days cash on hand
101 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
1.28x 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 figuresMargin caution: the 14.10% net operating margin is the NC statutory ratio (resident operating income / resident revenue, FS-1 p2, Appendix F p188); the audited combining statement of operations shows a GAAP operating loss of $667,794 on $23,305,183 of operating revenue for Providence Place (p88), about -2.9%. First year under EveryAge ownership; no prior-year ratios. The bond obligated group Providence Place belongs to (EveryAge, Abernethy Laurels, Piedmont Crossing, Lake Prince Woods, BellaAge Hickory and others) reported 342 days cash on hand and 2.72x debt service coverage for FY2025 (p40, p43).
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. 86 |
|---|---|
| Total assets | $37.6 million |
| Total liabilities | $38.0 million |
| Long-term debt | $35.8 million |
| Entrance fees not yet earned (deferred revenue) | $0 |
| Refunds owed to residents (refundable fee liability) | $0 |
| Net position (assets minus liabilities) | −$441,825 |
Auditor: CliftonLarsonAllen LLP. Opinion: Unmodified (clean) opinionp. 86
Occupancy
| Level of care | 2025p. 22 |
|---|---|
| Independent living | 96.25% |
| Assisted living | 72.22% |
| Memory care | Not disclosed |
| Nursing care | 90.7% |
Events the filing reports
Dated facts the disclosure statement states, such as bond issues, missed covenants or changes of ownership.
- 2024-10Ownership change Providence Place, LLC (sole member EveryAge) acquired the assets of Providence Place Retirement Community on October 1, 2024; it was licensed as a continuing care retirement community on February 13, 2025.p. 21
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
- 3 of 5
- Health inspections
- 3 of 5
- Staffing
- 4 of 5
- Quality measures
- 2 of 5
Fines recorded by CMS: 1 totalling $8,018. Health citations since 2023-10-16: 7. Westchester Manor at Providence Place on Care Compare
In brief
Providence Place in High Point is a rental continuing care community owned by EveryAge since October 2024, with 160 independent living units, 90 assisted living units and 129 skilled nursing beds. There is no entrance fee; independent living monthly fees run from $1,024 to $3,019 for one person, and care is charged at monthly rates from $4,822 (assisted living) to $10,615 (nursing memory care). In FY2025 it reported 101 days cash on hand and 1.28x debt service coverage, with negative net assets of $441,825 on its own balance sheet.PDF
Nearest communities in North Carolina
- Pennybyrn at Maryfield
High Point · 5 miles away
Entrance fee: $150,000 to $477,667
- River Landing at Sandy Ridge
Colfax · 8 miles away
Entrance fee: $15,000 to $638,000
- Piedmont Crossing
Thomasville · 8 miles away
Entrance fee: $61,500 to $568,500
Sources
- Providence Place — 2026 Disclosure StatementNorth Carolina Department of Insurance · filed 2026, fiscal 2025 finances · 188 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.