Sanders
7385 Walker Ave., Gloucester, Virginia 23061
- Operator:
- Sanders Common, Ltd. d/b/a Sanders (sole member: Riverside Healthcare Association, Inc., d/b/a Riverside Health)
- Ownership:
- Nonprofit
- Affiliation:
- Not disclosed in the 2025 filing
- Opened:
- 1985
Nonprofit nonstock 501(c)(3) whose sole member is Riverside Healthcare Association (since September 2003); Riverside Healthcare Association owns the real estate and, under the affiliation agreement, became responsible for all of Sanders' financial and contractual obligations (p3, p20, p22). Nursing beds are in Francis N. Sanders Nursing Home, Inc., a separate Riverside entity (p21, p95).
- Rental
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 Sanders, and a later one may have been filed since.
At a glance
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 Residency Lease Agreement; we class contracts by how care is priced (our definitions).
Sanders now offers only one-year leases (then month to month) with no entrance fee. Tenants get priority access to assisted living and the on-campus nursing center but pay the regular rates.p. 47
- Assisted living
- Assisted living monthly rate by apartment and level of care: $5,659-$7,636 in 2025; second person $2,855 base or $3,402-$4,494 by level
- Nursing care
- Long-term care private room $356 per day; skilled nursing private room $743 per day (2025)
- Priority for a bed
- Yes, residents come before outside admissions
| Independent living | 12 |
|---|---|
| Assisted living | 32 |
| Memory care | Not disclosed in the 2025 filing |
| Nursing care | 55 |
Entrance fees
One-person prices as the filing lists them, by contract. A second person usually pays the extra amount shown.
The 2025 filing lists no entrance-fee schedule. What it says about the contracts:
Sanders no longer sells continuing care contracts; new residents sign a Residency Lease Agreement with no entrance fee (one-year lease converting to month to month, $2,000 reservation deposit credited to the last month's rent). One legacy continuing-care resident remains, whose contract adds one day of nursing care per month of occupancy, up to 10 days a year (p23, p25, p42).PDF
Monthly fees
What residents pay each month, by contract and level of care. A second person adds the amount shown.
Residency Lease Agreement · Rental (3 prices, $3,567 to $4,137)
Assisted living (monthly rate) · Rental (4 prices, $5,659 to $7,636)
| Unit | Level of care | Per month, one person | Second person |
|---|---|---|---|
| Studio (349 sq ft), Levels 1-3 | Assisted living | $5,659 to $6,751p. 37 | Not listed |
| Alcove (384 sq ft), Levels 1-3 | Assisted living | $5,918 to $7,010p. 37 | Not listed |
| One bedroom (426 sq ft), Levels 1-3 | Assisted living | $6,257 to $7,349p. 37 | Not listed |
| Grand (470 sq ft), Levels 1-3 | Assisted living | $6,544 to $7,636p. 37 | 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. 26 |
| 2024 | Independent living | All units | 5% | Percent onlyp. 26 |
| 2023 | Independent living | All units | 6% | Percent onlyp. 26 |
| 2022 | Independent living | All units | 3% | Percent onlyp. 26 |
| 2021 | Independent living | All units | 3% | Percent onlyp. 26 |
| 2020 | Independent living | All units | 2% | Percent onlyp. 26 |
| 2019 | Independent living | All units | 3% | Percent onlyp. 26 |
| 2018 | Independent living | All units | 3% | Percent onlyp. 26 |
| 2025 | Assisted living | All units | 4.5% | Percent onlyp. 38 |
| 2025 | Nursing care | All units | 4% | Percent onlyp. 38 |
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.
- Sanders is part of Riverside Health (Riverside Healthcare Association, Inc.).
- Balance sheet: Sanders Common, Ltd.
Days cash on hand
Not disclosed in the 2025 filing
- 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. 30 | FY2023p. 30 |
|---|---|---|
| Total assets | −$475,384 | $299,925 |
| Total liabilities | Not disclosed | Not disclosed |
| Long-term debt | $0 | Not disclosed |
| Entrance fees not yet earned (deferred revenue) | Not disclosed | Not disclosed |
| Refunds owed to residents (refundable fee liability) | Not disclosed | Not disclosed |
| Net position (assets minus liabilities) | −$689,002 | −$13,835 |
Auditor: KPMG LLP. Opinion: Unmodified (clean) opinionp. 30
Occupancy
| Level of care | 2024p. 30 |
|---|---|
| Independent living | 98% |
| Assisted living | 96% |
| Memory care | Not disclosed |
| Nursing care | 89% |
Events the filing reports
Dated facts the disclosure statement states, such as bond issues, missed covenants or changes of ownership.
- 2024-11Credit rating S&P Global Ratings affirmed parent Riverside Health's long-term credit rating at A- with a stable outlook.p. 3
- 2003-09Ownership change Sanders became a member corporation of Riverside Healthcare Association, Inc., which became responsible for its financial and contractual obligations.p. 22
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
- 5 of 5
- Quality measures
- 3 of 5
Fines recorded by CMS: 0. Health citations since 2023-10-16: 0. RIVERSIDE LIFELONG HEALTH & REHABILITATION SANDERS on Care Compare
In brief
Sanders is a small Riverside Health retirement campus in Gloucester Courthouse with 12 independent-living cottages, 32 assisted living apartments and a 55-bed nursing and rehab center. It no longer sells continuing care contracts: cottages are leased with no entrance fee at $3,567 to $4,137 a month in 2025, and tenants get priority access to assisted living and nursing at regular rates. Sanders itself ran an operating loss of $675,167 in 2024 and has negative net assets; Riverside Health is responsible for its obligations.PDF
Nearest communities in Virginia
- Williamsburg Landing
Williamsburg · 16 miles away
Entrance fee: $48,067 to $1,054,547
- Warwick Forest
Newport News · 18 miles away
Entrance fee: $148,328 to $377,659
- Patriots Colony
Williamsburg · 19 miles away
Entrance fee: $177,629 to $912,827
Sources
- Sanders — 2025 Disclosure StatementVirginia State Corporation Commission, Bureau of Insurance · filed 2025, fiscal 2024 finances · 98 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.