Shenandoah Valley Westminster-Canterbury
300 Westminster-Canterbury Drive, Winchester, Virginia 22603
- Operator:
- Westminster-Canterbury of Winchester, Inc.
- Ownership:
- Nonprofit
- Affiliation:
- Organized under guidelines approved by Virginia Diocesan Homes (Episcopal) and the Synod of the Virginias of the Presbyterian Church (p7)
- Opened:
- 1987
Westminster-Canterbury of Winchester, Inc., a not-for-profit Virginia non-stock corporation trading as Shenandoah Valley Westminster-Canterbury; holds fee simple title, subject to a first mortgage held by the bond trustee (p2). Statements consolidate a subsidiary.
- Type A (life care)
- Type B (modified)
Figures from the 2024 disclosure statement (fiscal 2023 finances), filed with the Virginia State Corporation Commission, Bureau of Insurance.PDF The finances describe fiscal 2023; this is the newest statement we have for Shenandoah Valley Westminster-Canterbury, and a later one may have been filed since.
At a glance
Refund plans offered
- 100%/12 then 2.5%/38 Month RefundCan decline to nothing
- 50% RefundNever less than 47.5% of the fee
- 100% RefundNever less than 95% of the fee
- Assisted Living 3.8%/25 Month RefundCan decline to nothing
Days cash on hand
Read the note on this figure
Computed by us from the audited statements; the document reports no liquidity or coverage ratios. Long-term investments may include the $1.0M board-designated endowment.
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 A (life care): Moving to assisted living or nursing leaves your monthly fee essentially unchanged.
- 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 A (life care)The filing calls it Life Care; we class contracts by how care is priced (our definitions).
Assisted living and health center care with no increase in the Monthly Fee, apart from a $300-a-month expanded dietary services fee on permanent transfer (2024, p27). For comparison, in 2024 assisted living rented without a contract for $8,116-$9,233 a month and memory support and health care cost $419 a day ($584 skilled) (p25).p. 26
- Assisted living
- Same Monthly Fee as the apartment/cottage plus a nominal expanded-dietary fee ($300/month in 2024)
- Nursing care
- Same Monthly Fee as the apartment/cottage plus a nominal expanded-dietary fee ($300/month in 2024)
Type B (modified)The filing calls it Modified Care; we class contracts by how care is priced (our definitions).
30 non-cumulative days of assisted living or health center care per year at the regular Monthly Fee; after that the then-current assisted living or health center rate applies (2024: memory support and health care $419 a day, skilled nursing $584, assisted living rental $8,116-$9,233 a month; p25).p. 26
- Assisted living
- Monthly Fee for 30 non-cumulative days a year, then the then-current assisted living rate
- Nursing care
- Monthly Fee for 30 non-cumulative days a year, then the then-current health center rate
- Care days included
- 30
| Independent living | 261 |
|---|---|
| Assisted living | 48 |
| Memory care | 12 |
| Nursing care | 51 |
Entrance fees
One-person prices as the filing lists them, by contract. A second person usually pays the extra amount shown.
Life Care - Option A · Type A (life care) (7 prices, $146,855 to $736,936)
| Unit | Sq ft | Refund plan | Price, one person | Second person |
|---|---|---|---|---|
| Apartment - Studio | 485 | 100%/12 then 2.5%/38 Month Refund | $146,855p. 17 | Not listed |
| Apartment - 1 Bedroom | 709 to 970 | 100%/12 then 2.5%/38 Month Refund | $211,646 to $287,205p. 17 | $51,364 |
| Apartment - 2 Bedroom | 970 to 1,418 | 100%/12 then 2.5%/38 Month Refund | $294,515 to $427,735p. 17 | $51,364 |
| Cottage | 1,563 to 2,550 | 100%/12 then 2.5%/38 Month Refund | $496,024 to $736,936p. 17 | $51,364 |
| Westbury Commons home | 2,027 to 2,543 | 100%/12 then 2.5%/38 Month Refund | $590,560 to $735,121p. 17 | $51,364 |
| Lady Slipper-Magnolia plans | 1,410 to 1,987 | 100%/12 then 2.5%/38 Month Refund | $428,628 to $630,812p. 17 | $51,364 |
| Pine-Fraser Fir plans | 1,186 to 2,036 | 100%/12 then 2.5%/38 Month Refund | $436,392 to $733,580p. 17 | $51,364 |
Life Care - Option B · Type A (life care) (7 prices, $234,615 to $880,318)
| Unit | Sq ft | Refund plan | Price, one person | Second person |
|---|---|---|---|---|
| Apartment - Studio | 485 | 100%/12 then 2.5%/38 Month Refund | $234,615p. 18 | Not listed |
| Apartment - 1 Bedroom | 709 to 970 | 100%/12 then 2.5%/38 Month Refund | $299,829 to $372,244p. 18 | $70,065 |
| Apartment - 2 Bedroom | 970 to 1,418 | 100%/12 then 2.5%/38 Month Refund | $380,936 to $529,602p. 18 | $70,065 |
| Cottage | 1,563 to 2,550 | 100%/12 then 2.5%/38 Month Refund | $599,112 to $841,543p. 18 | $70,065 |
| Westbury Commons home | 2,027 to 2,543 | 100%/12 then 2.5%/38 Month Refund | $705,624 to $840,998p. 18 | $70,065 |
| Lady Slipper-Magnolia plans | 1,410 to 1,987 | 100%/12 then 2.5%/38 Month Refund | $523,734 to $746,119p. 18 | $70,065 |
| Pine-Fraser Fir plans | 1,186 to 2,036 | 100%/12 then 2.5%/38 Month Refund | $523,736 to $880,318p. 18 | $70,065 |
Modified Care - Option A · Type B (modified) (7 prices, $110,274 to $554,754)
| Unit | Sq ft | Refund plan | Price, one person | Second person |
|---|---|---|---|---|
| Apartment - Studio | 485 | 100%/12 then 2.5%/38 Month Refund | $110,274p. 23 | Not listed |
| Apartment - 1 Bedroom | 709 to 970 | 100%/12 then 2.5%/38 Month Refund | $159,923 to $215,419p. 23 | $45,185 |
| Apartment - 2 Bedroom | 970 to 1,418 | 100%/12 then 2.5%/38 Month Refund | $221,684 to $333,205p. 23 | $45,185 |
| Cottage | 1,563 to 2,550 | 100%/12 then 2.5%/38 Month Refund | $367,763 to $554,754p. 23 | $45,185 |
| Westbury Commons home | 2,027 to 2,543 | 100%/12 then 2.5%/38 Month Refund | $439,374 to $553,387p. 23 | $45,185 |
| Lady Slipper-Magnolia plans | 1,410 to 1,987 | 100%/12 then 2.5%/38 Month Refund | $336,726 to $474,619p. 23 | $45,185 |
| Pine-Fraser Fir plans | 1,186 to 2,036 | 100%/12 then 2.5%/38 Month Refund | $327,322 to $550,267p. 23 | $45,185 |
Modified Care - Option B · Type B (modified) (7 prices, $175,869 to $660,321)
| Unit | Sq ft | Refund plan | Price, one person | Second person |
|---|---|---|---|---|
| Apartment - Studio | 485 | 100%/12 then 2.5%/38 Month Refund | $175,869p. 24 | Not listed |
| Apartment - 1 Bedroom | 709 to 970 | 100%/12 then 2.5%/38 Month Refund | $226,216 to $279,316p. 24 | $62,784 |
| Apartment - 2 Bedroom | 970 to 1,418 | 100%/12 then 2.5%/38 Month Refund | $286,019 to $413,386p. 24 | $62,784 |
| Cottage | 1,563 to 2,550 | 100%/12 then 2.5%/38 Month Refund | $450,238 to $630,470p. 24 | $62,784 |
| Westbury Commons home | 2,027 to 2,543 | 100%/12 then 2.5%/38 Month Refund | $527,427 to $628,625p. 24 | $62,784 |
| Lady Slipper-Magnolia plans | 1,410 to 1,987 | 100%/12 then 2.5%/38 Month Refund | $409,934 to $560,455p. 24 | $62,784 |
| Pine-Fraser Fir plans | 1,186 to 2,036 | 100%/12 then 2.5%/38 Month Refund | $392,830 to $660,321p. 24 | $62,784 |
Assisted Living Lifecare Contract · Type A (life care) (1 prices, $141,214 to $187,379)
| Unit | Refund plan | Price, one person | Second person |
|---|---|---|---|
| Assisted Living - Contract Suite / Deluxe | Assisted Living 3.8%/25 Month Refund | $141,214 to $187,379p. 25 | $88,233 |
Monthly fees
What residents pay each month, by contract and level of care. A second person adds the amount shown.
Life Care - Option A · Type A (life care) (7 prices, $3,616 to $6,850)
| Unit | Level of care | Per month, one person | Second person |
|---|---|---|---|
| Apartment - Studio | Independent living | $3,616p. 17 | Not listed |
| Apartment - 1 Bedroom | Independent living | $4,282 to $5,049p. 17 | $2,104 |
| Apartment - 2 Bedroom | Independent living | $5,170 to $5,892p. 17 | $2,104 |
| Cottage | Independent living | $5,967 to $6,850p. 17 | $2,104 |
| Westbury Commons home | Independent living | $6,161 to $6,826p. 17 | $2,104 |
| Lady Slipper-Magnolia plans | Independent living | $5,875 to $6,306p. 17 | $2,104 |
| Pine-Fraser Fir plans | Independent living | $5,676 to $6,435p. 17 | $2,104 |
Life Care - Option B · Type A (life care) (7 prices, $2,700 to $6,056)
| Unit | Level of care | Per month, one person | Second person |
|---|---|---|---|
| Apartment - Studio | Independent living | $2,700p. 18 | Not listed |
| Apartment - 1 Bedroom | Independent living | $3,370 to $4,132p. 18 | $1,886 |
| Apartment - 2 Bedroom | Independent living | $4,248 to $4,951p. 18 | $1,886 |
| Cottage | Independent living | $5,049 to $6,056p. 18 | $1,886 |
| Westbury Commons home | Independent living | $5,176 to $6,041p. 18 | $1,886 |
| Lady Slipper-Magnolia plans | Independent living | $4,935 to $5,394p. 18 | $1,886 |
| Pine-Fraser Fir plans | Independent living | $4,729 to $5,364p. 18 | $1,886 |
Modified Care - Option A · Type B (modified) (7 prices, $3,204 to $6,064)
| Unit | Level of care | Per month, one person | Second person |
|---|---|---|---|
| Apartment - Studio | Independent living | $3,204p. 23 | Not listed |
| Apartment - 1 Bedroom | Independent living | $3,795 to $4,459p. 23 | $1,852 |
| Apartment - 2 Bedroom | Independent living | $4,574 to $5,211p. 23 | $1,852 |
| Cottage | Independent living | $5,279 to $6,064p. 23 | $1,852 |
| Westbury Commons home | Independent living | $5,451 to $6,041p. 23 | $1,852 |
| Lady Slipper-Magnolia plans | Independent living | $5,198 to $5,583p. 23 | $1,852 |
| Pine-Fraser Fir plans | Independent living | $5,119 to $5,800p. 23 | $1,852 |
Modified Care - Option B · Type B (modified) (7 prices, $2,396 to $5,359)
| Unit | Level of care | Per month, one person | Second person |
|---|---|---|---|
| Apartment - Studio | Independent living | $2,396p. 24 | Not listed |
| Apartment - 1 Bedroom | Independent living | $2,991 to $3,650p. 24 | $1,656 |
| Apartment - 2 Bedroom | Independent living | $3,753 to $4,385p. 24 | $1,656 |
| Cottage | Independent living | $4,459 to $5,359p. 24 | $1,656 |
| Westbury Commons home | Independent living | $4,586 to $5,335p. 24 | $1,656 |
| Lady Slipper-Magnolia plans | Independent living | $4,367 to $4,774p. 24 | $1,656 |
| Pine-Fraser Fir plans | Independent living | $4,260 to $4,830p. 24 | $1,656 |
Assisted Living Lifecare Contract · Type A (life care) (1 prices, $6,396 to $7,234)
| Unit | Level of care | Per month, one person | Second person |
|---|---|---|---|
| Assisted Living - Contract Suite / Deluxe | Assisted living | $6,396 to $7,234p. 25 | $3,439 |
Fee increases, year by year
Refunds
What comes back from the entrance fee when you leave or die, and when it is paid.
100%/12 then 2.5%/38 Month Refundp. 60
A 5% administrative fee is kept; the rest (the 'Refund-Eligible Entrance Fee') is fully refundable for 12 months, then declines 2.5% a month so nothing is refundable after 50 months. This is the plan the published rate schedules price.
- Kept on move-in
- 5% of the fee
- Declines by
- 2.5% a month for 50 months
- Never less than
- Nothing: it can decline to zero
- Longest wait
- No limit stated
- Paid
- Not disclosed in the 2024 filing
50% Refundp. 58
After the 5% administrative fee, fully refundable for 12 months; from month 13 the refund declines 2% a month and is never less than 50% of the refund-eligible fee, reaching 50% at month 37 (audit note 11, p129). Priced separately; prices not in the document.
- Kept on move-in
- 5% of the fee
- Declines by
- 2% a month for 37 months
- Never less than
- 47.5% of the fee
- Longest wait
- No limit stated
- Paid
- Not disclosed in the 2024 filing
100% Refundp. 59
After the 5% administrative fee, 100% of the refund-eligible entrance fee is refunded on termination or death. Priced separately; prices not in the document.
- Kept on move-in
- 5% of the fee
- Declines by
- Does not decline
- Never less than
- 95% of the fee
- Longest wait
- No limit stated
- Paid
- Not disclosed in the 2024 filing
Assisted Living 3.8%/25 Month Refundp. 88
For entry directly to assisted living: the refund-eligible fee declines 3.8% a month and nothing is refundable after 25 months (the fee sheet on p25 says 4%).
- Kept on move-in
- 5% of the fee
- Declines by
- 3.8% a month for 25 months
- Never less than
- Nothing: it can decline to zero
- Longest wait
- No limit stated
- Paid
- Not disclosed in the 2024 filing
Refund calculator
Estimated refund: $0 (0% of the fee)
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 and ratios: Westminster-Canterbury of Winchester, Inc. and Subsidiary (consolidated).
- Days cash on hand was calculated by us from the audited statements using the standard formula. The formula
Days cash on hand
598 days FY2023p. 109
- Its lenders’ minimum: Not disclosed in the 2024 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 2024 filing
- Its lenders’ minimum: Not disclosed in the 2024 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 from the audited statements; the document reports no liquidity or coverage ratios. Long-term investments may include the $1.0M board-designated endowment.
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 | FY2023p. 110 |
|---|---|
| Total assets | $225.4 million |
| Total liabilities | $188.6 million |
| Long-term debt | $81.1 million |
| Entrance fees not yet earned (deferred revenue) | $77.9 million |
| Refunds owed to residents (refundable fee liability) | $321,244 |
| Net position (assets minus liabilities) | $36.8 million |
Auditor: CliftonLarsonAllen LLP. Opinion: Unmodified (clean) opinionp. 110
Occupancy
| Level of care | 2023p. 143 |
|---|---|
| Independent living | 87.7% |
| Assisted living | 90.2% |
| Memory care | Not disclosed |
| Nursing care | 86.3% |
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
- 4 of 5
- Health inspections
- 3 of 5
- Staffing
- 5 of 5
- Quality measures
- 4 of 5
Fines recorded by CMS: 0. Health citations since 2023-10-16: 3. SHENANDOAH VALLEY WESTMINSTER CANTERBURY on Care Compare
CARF-accredited since 1995. Check on CARF’s site
In brief
Shenandoah Valley Westminster-Canterbury is a nonprofit continuing care community in Winchester, open since 1987, with 261 independent living residences (apartments, cottages, Westbury Commons homes and villa apartments), 48 assisted living apartments, 12 memory support rooms and 51 health center rooms. It sells Life Care contracts (no monthly fee increase for assisted living or nursing) and Modified Care contracts (30 days of care a year), with one-person entrance fees effective January 1, 2024 from $110,274 to $880,318 depending on contract and option. Every figure here comes from the April 2024 filing: fees are 2024 prices and the financials are for calendar 2023, when the community posted an operating loss of $449,450.PDF
Nearest communities in Virginia
- The Village at Orchard Ridge
Winchester · 2 miles away
Entrance fee: $276,610 to $1,268,780
- Ashby Ponds
Ashburn · 40 miles away
Entrance fee: $274,000 to $1,417,000
- Falcons Landing
Potomac Falls · 44 miles away
Entrance fee: $22,800 to $877,600
Sources
- Shenandoah Valley Westminster-Canterbury — Disclosure Statement, April 30, 2024Virginia State Corporation Commission, Bureau of Insurance · filed 2024, fiscal 2023 finances · 147 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.