Sharon Village Apartments
4009 Craig Avenue, Charlotte, North Carolina 28211 · Community website
- Operator:
- NHC HealthCare/Charlotte, LLC (subsidiary of National HealthCare Corporation)
- Ownership:
- For-profit
- Affiliation:
- Not disclosed in the 2025 filing
- Opened:
- 1983
NHC HealthCare/Charlotte, LLC is owned 100% by NHC/OP, L.P., which is 99% owned by publicly traded National HealthCare Corporation (NYSE American: NHC) and 1% by NHC/Delaware, Inc. The LLC also operates the adjacent 180-bed White Oak Manor - Charlotte nursing center and owns the real estate.
- Type C (fee for service)
- Rental
Figures from the 2025 disclosure statement (fiscal 2024 finances), filed with the North Carolina Department of Insurance.PDF The finances describe fiscal 2024; this is the newest statement we have for Sharon Village Apartments, and a later one may have been filed since.
In this filing
- 2024-12: The statement says the reserve balance available at December 31, 2024 was $0 because investment accounts were not funded during the ownership transition; the anticipated operating reserve requirement was $274,324 and funding was in process.p. 23
At a glance
Entrance fee, one person, every plan
Monthly fee, independent living
Refund plans offered
- Retention Deposit PlanCan decline to nothing
Days cash on hand
Read the note on this figure
The filing has no financial statements for Sharon Village or its operating LLC. Its only audited statements are the FY2024 Form 10-K of the parent, National HealthCare Corporation (Ernst & Young, unmodified), covering the whole publicly traded company; Section VI (p21) says the parent filings will be presented until the newly formed provider entity has its own audited statements. Parent figures are not shown as this community's.
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 C (fee for service): Care is charged at market rates when you need it.
- Rental: No entrance fee and no promise of future care.
How the contract types compare
Type C (fee for service)
Residents get priority for a bed in the adjoining 180-bed nursing center but pay for nursing care separately. The disclosure narrative (p16) says each resident is allowed 10 inpatient days a year there, but the retention-plan contract form does not include that clause.p. 204
- Assisted living
- No assisted living is described at this campus
- Nursing care
- Market rates in the adjoining White Oak Manor - Charlotte nursing center (rates not disclosed)
- Priority for a bed
- Yes, residents come before outside admissions
RentalThe filing calls it Straight Rental Plan; we class contracts by how care is priced (our definitions).
Same as the retention plan: priority for a nursing-center bed, with care paid separately. The no-deposit contract form does not include the 10 nursing-facility days mentioned in the disclosure narrative.p. 220
- Assisted living
- No assisted living is described at this campus
- Nursing care
- Market rates in the adjoining nursing center (rates not disclosed)
- Priority for a bed
- Yes, residents come before outside admissions
| Independent living | 34 |
|---|---|
| Assisted living | None on campus |
| Memory care | Not disclosed in the 2025 filing |
| Nursing care | 180 |
Entrance fees
One-person prices as the filing lists them, by contract. A second person usually pays the extra amount shown.
Apartment Rental Agreement (With Retention Schedule Included) · Type C (fee for service) (4 prices, $17,000 to $30,000)
Monthly fees
What residents pay each month, by contract and level of care. A second person adds the amount shown.
Apartment Rental Agreement (With Retention Schedule Included) · Type C (fee for service) (4 prices, $980 to $1,910)
Apartment Rental Agreement (With No Initial Deposit) – Straight Rental Plan · Rental (4 prices, $1,310 to $2,390)
Fee increases, year by year
| Year | Level of care | Unit | Increase | Monthly fee, before and after |
|---|---|---|---|---|
| 2024 | Independent living | Two Bedrooms (retention plan, 1 person) | 10.09%calculated from the dollar amounts | $1,735 to $1,910p. 19 |
| 2024 | Independent living | One Bedroom (retention plan, 1 person) | 10.34%calculated from the dollar amounts | $1,160 to $1,280p. 19 |
| 2024 | Independent living | One Bedroom Deluxe (retention plan, 1 person) | 9.9%calculated from the dollar amounts | $1,465 to $1,610p. 19 |
| 2024 | Independent living | Efficiency (retention plan, 1 person) | 9.5%calculated from the dollar amounts | $895 to $980p. 19 |
| 2023 | Independent living | All units | 0% | Percent onlyp. 20 |
| 2022 | Independent living | All units | 0% | Percent onlyp. 20 |
| 2021 | Independent living | Two Bedrooms (retention plan, 1 person) | 5.15%calculated from the dollar amounts | $1,650 to $1,735p. 19 |
| 2021 | Independent living | One Bedroom (retention plan, 1 person) | 4.98%calculated from the dollar amounts | $1,105 to $1,160p. 19 |
| 2021 | Independent living | One Bedroom Deluxe (retention plan, 1 person) | 5.02%calculated from the dollar amounts | $1,395 to $1,465p. 19 |
| 2021 | Independent living | Efficiency (retention plan, 1 person) | 10.36%calculated from the dollar amounts | $811 to $895p. 19 |
Refunds
What comes back from the entrance fee when you leave or die, and when it is paid.
Retention Deposit Planp. 14
If the resident dies, nothing is refunded: the unearned part of the deposit becomes the facility's property (for a couple, the deposit keeps earning out until the surviving spouse dies, then the remainder is forfeited). Otherwise 20% is kept on move-in and the refundable share falls 20 percentage points a year (prorated daily) to nothing after four years; on leaving for any other reason the unearned part is refunded within 30 days.
- Kept on move-in
- 20% of the fee
- Declines by
- 1.67% a month for 48 months
- Never less than
- Nothing: it can decline to zero
- Longest wait
- 1 month
- Paid
- Within a fixed number of days
Refund calculator
Estimated refund: $0 (0% of the fee)
When it is paid: within a fixed number of days. 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.
- Sharon Village Apartments is part of National HealthCare Corporation (parent; financially responsible for subsidiaries' obligations).
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
Read with these figuresThe filing has no financial statements for Sharon Village or its operating LLC. Its only audited statements are the FY2024 Form 10-K of the parent, National HealthCare Corporation (Ernst & Young, unmodified), covering the whole publicly traded company; Section VI (p21) says the parent filings will be presented until the newly formed provider entity has its own audited statements. Parent figures are not shown as this community's.
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 | FY2024p. 21 |
|---|---|
| Total assets | Not disclosed |
| Total liabilities | Not disclosed |
| Long-term debt | Not disclosed |
| Entrance fees not yet earned (deferred revenue) | Not disclosed |
| Refunds owed to residents (refundable fee liability) | Not disclosed |
| Net position (assets minus liabilities) | Not disclosed |
Auditor: Not disclosed in the 2025 filing. Opinion: Not disclosed in the 2025 filingp. 21
Occupancy
The 2025 filing does not report occupancy.
Events the filing reports
Dated facts the disclosure statement states, such as bond issues, missed covenants or changes of ownership.
- 2024-12 The statement says the reserve balance available at December 31, 2024 was $0 because investment accounts were not funded during the ownership transition; the anticipated operating reserve requirement was $274,324 and funding was in process.p. 23
- 2024-08Ownership change National HealthCare Corporation purchased the White Oak portfolio, which includes White Oak of Charlotte, on August 1, 2024; NHC HealthCare/Charlotte, LLC, now the licensed operator, was organized in June 2024.p. 32
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
Sharon Village Apartments is a 34-apartment independent living community in Charlotte next to the 180-bed White Oak Manor - Charlotte nursing center, operated by a subsidiary of National HealthCare Corporation, which bought the White Oak portfolio in August 2024. Residents choose a rental plan with no deposit or a $17,000-$30,000 retention deposit that lowers the rent and earns out over four years, with the unearned part forfeited if the resident dies; monthly rent runs $980-$2,390 for one person, and nursing care at the adjoining center is offered on a priority basis and paid for separately. The statement has no financial statements for the community itself (only the parent company's), reports its reserve balance was $0 at the end of 2024, and could be delivered only until May 30, 2025.PDF
Nearest communities in North Carolina
- Brookdale Carriage Club Providence
Charlotte · 4 miles away
Entrance fee: None: rental
- Givens Aldersgate
Charlotte · 4 miles away
Entrance fee: $238,794 to $928,258
- The Barclay at SouthPark
Charlotte · 4 miles away
Entrance fee: Not disclosed in the 2026 filing
Sources
- Sharon Village Apartments — 2025 Disclosure StatementNorth Carolina Department of Insurance · filed 2025, fiscal 2024 finances · 225 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.