The Chesapeake

955 Harpersville Road, Newport News, Virginia 23601

Operator:: Virginia Baptist Homes, Inc. dba LifeSpire of Virginia
Ownership:: Nonprofit
Affiliation:: Baptist (Baptist General Association of Virginia)
Opened:: 1969

Newport News Baptist Retirement Community, Inc., a LifeSpire subsidiary, owns the improvements; LifeSpire owns the land.

Type A (life care)
Type B (modified)

Figures from the 2026 disclosure statement (fiscal 2025 finances), filed with the Virginia State Corporation Commission, Bureau of Insurance.PDF

At a glance

Entrance fee, one person, every plan

$149,000 to $855,000p. 15 p. 17

Monthly fee, independent living

$3,520 to $6,751p. 15 p. 17

Refund plans offered

Standard RefundableCan decline to nothing
90% RefundableNever less than 90% of the fee

Days cash on hand

266 (FY2025, interim, unaudited)p. 100Its lenders require at least 120.Figures for LifeSpire of Virginia Obligated Group

Independent living occupancy

96.8% (2025)p. 24

Nursing care, CMS overall rating

3 of 5CMS data as of 2026-09-01

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)

Life-Care residents keep paying their independent-living monthly fee in assisted living, memory care or the Health Care Center, plus two extra meals a day and ancillary charges. If the Health Care Center is full, residents get priority admittance when a bed opens.p. 82

Assisted living: Same Monthly Fee as the residence held at transfer (or the last one held at least a year), plus two additional meals a day and ancillary charges
Nursing care: Same Monthly Fee plus two additional meals a day and ancillary charges (non-Medicare stay)
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 residents pay the published daily rate for assisted living, memory support and the Health Care Center, less 10%. If the Health Care Center is full, residents get priority admittance when a bed opens.p. 15

Assisted living: Discounted Daily Rate (daily rate less 10%); 2026 daily rates $270-$313 assisted living, $325-$337 memory support
Nursing care: Discounted Daily Rate (daily rate less 10%); 2026 Health Care daily rate $450
Discount on care: 10%
Priority for a bed: Yes, residents come before outside admissions

Units on campusp. 24
Independent living	251
Assisted living	57
Memory care	16
Nursing care	52

Entrance fees

One-person prices as the filing lists them, by contract. A second person usually pays the extra amount shown.

Fee for Service · Type B (modified) (54 prices, $149,000 to $713,000)

Unit	Refund plan	Price, one person	Second person
The Virginian	Standard Refundable	$149,000p. 15	$41,000
The Virginian	90% Refundable	$290,000p. 15	$79,000
The Aberdeen	Standard Refundable	$153,000p. 15	$41,000
The Aberdeen	90% Refundable	$298,000p. 15	$79,000
The Harris	Standard Refundable	$153,000p. 15	$41,000
The Harris	90% Refundable	$298,000p. 15	$79,000
The Chester	Standard Refundable	$169,000p. 15	$41,000
The Chester	90% Refundable	$330,000p. 15	$79,000
The York	Standard Refundable	$175,000p. 15	$41,000
The York	90% Refundable	$339,000p. 15	$79,000
The Mobjack	Standard Refundable	$205,000p. 16	$41,000
The Mobjack	90% Refundable	$400,000p. 16	$79,000
The Bennett	Standard Refundable	$185,000p. 16	$41,000
The Bennett	90% Refundable	$361,000p. 16	$79,000
The Easton	Standard Refundable	$225,000p. 16	$41,000
The Easton	90% Refundable	$438,000p. 16	$79,000
The Patrick	Standard Refundable	$215,000p. 16	$41,000
The Patrick	90% Refundable	$419,000p. 16	$79,000
The Potomac	Standard Refundable	$223,000p. 16	$41,000
The Potomac	90% Refundable	$434,000p. 16	$79,000
The Warwick	Standard Refundable	$234,000p. 16	$41,000
The Warwick	90% Refundable	$458,000p. 16	$79,000
The Elizabeth	Standard Refundable	$215,000p. 16	$41,000
The Elizabeth	90% Refundable	$419,000p. 16	$79,000
The Elizabeth Deluxe	Standard Refundable	$366,000p. 16	$41,000
The Elizabeth Deluxe	90% Refundable	$713,000p. 16	$79,000
The James	Standard Refundable	$254,000p. 16	$41,000
The James	90% Refundable	$495,000p. 16	$79,000
The Bryant	Standard Refundable	$254,000p. 16	$41,000
The Bryant	90% Refundable	$495,000p. 16	$79,000
The Lawson	Standard Refundable	$229,000p. 16	$41,000
The Lawson	90% Refundable	$446,000p. 16	$79,000
The Rappahannock	Standard Refundable	$287,000p. 16	$41,000
The Rappahannock	90% Refundable	$559,000p. 16	$79,000
The Willoughby	Standard Refundable	$299,000p. 16	$41,000
The Willoughby	90% Refundable	$582,000p. 16	$79,000
The Bethel	Standard Refundable	$227,000p. 16	$41,000
The Bethel	90% Refundable	$442,000p. 16	$79,000
The Lynnhaven	Standard Refundable	$338,000p. 16	$41,000
The Lynnhaven	90% Refundable	$660,000p. 16	$79,000
The Lancaster I/Gloucester I	Standard Refundable	$313,000p. 16	$41,000
The Lancaster I/Gloucester I	90% Refundable	$610,000p. 16	$79,000
The Lancaster II/Gloucester II	Standard Refundable	$332,000p. 16	$41,000
The Lancaster II/Gloucester II	90% Refundable	$645,000p. 16	$79,000
The Lancaster III/Gloucester III	Standard Refundable	$343,000p. 16	$41,000
The Lancaster III/Gloucester III	90% Refundable	$669,000p. 16	$79,000
The Smithfield	Standard Refundable	$307,000p. 16	$41,000
The Smithfield	90% Refundable	$598,000p. 16	$79,000
The Smithfield II/III	Standard Refundable	$325,000p. 16	$41,000
The Smithfield II/III	90% Refundable	$633,000p. 16	$79,000
The Madison	Standard Refundable	$224,000p. 16	$41,000
The Madison	90% Refundable	$436,000p. 16	$79,000
The Nottoway	Standard Refundable	$309,000p. 16	$41,000
The Nottoway	90% Refundable	$603,000p. 16	$79,000

Life-Care · Type A (life care) (54 prices, $175,000 to $855,000)

Unit	Refund plan	Price, one person	Second person
The Virginian	Standard Refundable	$175,000p. 17	$47,000
The Virginian	90% Refundable	$345,000p. 17	$91,000
The Aberdeen	Standard Refundable	$179,000p. 17	$47,000
The Aberdeen	90% Refundable	$356,000p. 17	$91,000
The Harris	Standard Refundable	$179,000p. 17	$47,000
The Harris	90% Refundable	$356,000p. 17	$91,000
The Chester	Standard Refundable	$198,000p. 17	$47,000
The Chester	90% Refundable	$398,000p. 17	$91,000
The Bennett	Standard Refundable	$218,000p. 17	$47,000
The Bennett	90% Refundable	$438,000p. 17	$91,000
The York	Standard Refundable	$204,000p. 17	$47,000
The York	90% Refundable	$414,000p. 17	$91,000
The Mobjack	Standard Refundable	$240,000p. 17	$47,000
The Mobjack	90% Refundable	$480,000p. 17	$91,000
The Easton	Standard Refundable	$263,000p. 17	$47,000
The Easton	90% Refundable	$525,000p. 17	$91,000
The Patrick	Standard Refundable	$253,000p. 17	$47,000
The Patrick	90% Refundable	$505,000p. 17	$91,000
The Potomac	Standard Refundable	$261,000p. 17	$47,000
The Potomac	90% Refundable	$521,000p. 17	$91,000
The Warwick	Standard Refundable	$276,000p. 17	$47,000
The Warwick	90% Refundable	$553,000p. 17	$91,000
The Elizabeth	Standard Refundable	$253,000p. 17	$47,000
The Elizabeth	90% Refundable	$506,000p. 17	$91,000
The Elizabeth Deluxe	Standard Refundable	$431,000p. 17	$47,000
The Elizabeth Deluxe	90% Refundable	$855,000p. 17	$91,000
The James	Standard Refundable	$298,000p. 17	$47,000
The James	90% Refundable	$597,000p. 17	$91,000
The Bryant	Standard Refundable	$298,000p. 17	$47,000
The Bryant	90% Refundable	$597,000p. 17	$91,000
The Lawson	Standard Refundable	$268,000p. 17	$47,000
The Lawson	90% Refundable	$539,000p. 17	$91,000
The Rappahannock	Standard Refundable	$337,000p. 17	$47,000
The Rappahannock	90% Refundable	$678,000p. 17	$91,000
The Lynnhaven	Standard Refundable	$397,000p. 17	$47,000
The Lynnhaven	90% Refundable	$799,000p. 17	$91,000
The Lancaster I/Gloucester I	Standard Refundable	$368,000p. 17	$47,000
The Lancaster I/Gloucester I	90% Refundable	$737,000p. 17	$91,000
The Lancaster II/Gloucester II	Standard Refundable	$390,000p. 17	$47,000
The Lancaster II/Gloucester II	90% Refundable	$783,000p. 17	$91,000
The Lancaster III/Gloucester III	Standard Refundable	$402,000p. 17	$47,000
The Lancaster III/Gloucester III	90% Refundable	$812,000p. 17	$91,000
The Smithfield	Standard Refundable	$360,000p. 17	$47,000
The Smithfield	90% Refundable	$726,000p. 17	$91,000
The Smithfield II/III	Standard Refundable	$382,000p. 17	$47,000
The Smithfield II/III	90% Refundable	$764,000p. 17	$91,000
The Willoughby	Standard Refundable	$352,000p. 17	$47,000
The Willoughby	90% Refundable	$708,000p. 17	$91,000
The Madison	Standard Refundable	$262,000p. 18	$47,000
The Madison	90% Refundable	$523,000p. 18	$91,000
The Bethel	Standard Refundable	$266,000p. 18	$47,000
The Bethel	90% Refundable	$534,000p. 18	$91,000
The Nottoway	Standard Refundable	$363,000p. 18	$47,000
The Nottoway	90% Refundable	$727,000p. 18	$91,000

Monthly fees

What residents pay each month, by contract and level of care. A second person adds the amount shown.

Fee for Service · Type B (modified) (27 prices, $3,520 to $5,443)

Unit	Level of care	Per month, one person	Second person
The Virginian	Independent living	$3,520p. 15	$1,423
The Aberdeen	Independent living	$3,755p. 15	$1,423
The Harris	Independent living	$3,755p. 15	$1,423
The Chester	Independent living	$3,755p. 15	$1,423
The York	Independent living	$3,797p. 15	$1,423
The Mobjack	Independent living	$4,098p. 16	$1,423
The Bennett	Independent living	$3,952p. 16	$1,423
The Easton	Independent living	$3,952p. 16	$1,423
The Patrick	Independent living	$4,220p. 16	$1,423
The Potomac	Independent living	$4,282p. 16	$1,423
The Warwick	Independent living	$4,217p. 16	$1,423
The Elizabeth	Independent living	$4,282p. 16	$1,423
The Elizabeth Deluxe	Independent living	$5,443p. 16	$1,423
The James	Independent living	$4,282p. 16	$1,423
The Bryant	Independent living	$4,282p. 16	$1,423
The Lawson	Independent living	$4,220p. 16	$1,423
The Rappahannock	Independent living	$4,623p. 16	$1,423
The Willoughby	Independent living	$4,702p. 16	$1,423
The Bethel	Independent living	$3,911p. 16	$1,423
The Lynnhaven	Independent living	$5,054p. 16	$1,423
The Lancaster I/Gloucester I	Independent living	$4,605p. 16	$1,423
The Lancaster II/Gloucester II	Independent living	$4,742p. 16	$1,423
The Lancaster III/Gloucester III	Independent living	$4,900p. 16	$1,423
The Smithfield	Independent living	$4,582p. 16	$1,423
The Smithfield II/III	Independent living	$4,707p. 16	$1,423
The Madison	Independent living	$3,599p. 16	$1,423
The Nottoway	Independent living	$4,477p. 16	$1,423

Life-Care · Type A (life care) (27 prices, $4,371 to $6,751)

Unit	Level of care	Per month, one person	Second person
The Virginian	Independent living	$4,371p. 17	$1,755
The Aberdeen	Independent living	$4,665p. 17	$1,755
The Harris	Independent living	$4,665p. 17	$1,755
The Chester	Independent living	$4,665p. 17	$1,755
The Bennett	Independent living	$4,908p. 17	$1,755
The York	Independent living	$4,714p. 17	$1,755
The Mobjack	Independent living	$5,092p. 17	$1,755
The Easton	Independent living	$4,908p. 17	$1,755
The Patrick	Independent living	$5,241p. 17	$1,755
The Potomac	Independent living	$5,318p. 17	$1,755
The Warwick	Independent living	$5,241p. 17	$1,755
The Elizabeth	Independent living	$5,318p. 17	$1,755
The Elizabeth Deluxe	Independent living	$6,751p. 17	$1,755
The James	Independent living	$5,318p. 17	$1,755
The Bryant	Independent living	$5,318p. 17	$1,755
The Lawson	Independent living	$5,241p. 17	$1,755
The Rappahannock	Independent living	$5,742p. 17	$1,755
The Lynnhaven	Independent living	$6,276p. 17	$1,755
The Lancaster I/Gloucester I	Independent living	$5,723p. 17	$1,755
The Lancaster II/Gloucester II	Independent living	$5,891p. 17	$1,755
The Lancaster III/Gloucester III	Independent living	$6,084p. 17	$1,755
The Smithfield	Independent living	$5,692p. 17	$1,755
The Smithfield II/III	Independent living	$5,845p. 17	$1,755
The Willoughby	Independent living	$5,839p. 17	$1,755
The Madison	Independent living	$4,497p. 18	$1,755
The Bethel	Independent living	$4,854p. 18	$1,755
The Nottoway	Independent living	$5,562p. 18	$1,755

Fee increases, year by year

Independent living, yearly increase. Figures in the table.

Year	Level of care	Unit	Increase	Monthly fee, before and after
2026	Independent living	All units	3.75%	Percent onlyp. 18
2026	Assisted living	All units	4.75%	Percent onlyp. 18
2026	Memory care	All units	4.75%	Percent onlyp. 18
2026	Nursing care	All units	4.75%	Percent onlyp. 18
2025	Independent living	All units	3.95%	Percent onlyp. 18
2025	Assisted living	All units	3.95%	Percent onlyp. 18
2025	Memory care	All units	3.95%	Percent onlyp. 18
2025	Nursing care	All units	3.95%	Percent onlyp. 18
2024	Independent living	All units	4.45%	Percent onlyp. 18
2024	Assisted living	All units	5.45%	Percent onlyp. 18
2024	Memory care	All units	5.45%	Percent onlyp. 18
2024	Nursing care	All units	5.45%	Percent onlyp. 18
2023	Independent living	All units	8%	Percent onlyp. 18
2023	Assisted living	All units	8.5%	Percent onlyp. 18
2023	Memory care	All units	8.5%	Percent onlyp. 18
2023	Nursing care	All units	10%	Percent onlyp. 18
2022	Independent living	All units	5%	Percent onlyp. 18
2022	Assisted living	All units	5%	Percent onlyp. 18
2022	Memory care	All units	5%	Percent onlyp. 18
2022	Nursing care	All units	5%	Percent onlyp. 18

Refunds

What comes back from the entrance fee when you leave or die, and when it is paid.

Standard Refundablep. 89

A 4% administrative charge is kept; the rest amortizes at 2% a month and nothing is refundable after 50 months. Any refund is paid only after your residence is sold to a new resident who has paid their entrance fee.

Kept on move-in: 4% of the fee
Declines by: 2% a month for 50 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

90% Refundablep. 65

A 4% administrative charge is kept; the rest amortizes 1% a month for 10 months, leaving at least 90% of the fee net of the charge. The refund is paid only after your residence is sold to a new resident who has paid their entrance fee; if you later need financial assistance, the refundable balance is applied to your care first.

Kept on move-in: 4% of the fee
Declines by: 1% a month for 10 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

Refund calculator

Refund planEntrance fee paid ($)Years until moving out or death

Estimated refund: $0 (0% of the fee)

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.

The Chesapeake is part of LifeSpire of Virginia Obligated Group (LifeSpire, The Culpeper, Lakewood, The Chesapeake, The Glebe, The Summit).
Balance sheet: Virginia Baptist Homes, Inc. dba LifeSpire of Virginia and Subsidiaries (consolidated).
Ratios: LifeSpire of Virginia Obligated Group.
Ratios are interim figures, unaudited.

Days cash on hand

266 days FY2025p. 100

Its lenders’ minimum: 120 daysp. 25
Industry median: 321 days Ziegler median for fiscal 2022, 132 bond-financed not-for-profit entrance-fee CCRCs

Debt service coverage

2.31x FY2025p. 100

Its lenders’ minimum: 1.20xp. 25
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	FY2025p. 100	FY2024p. 100
Days cash on hand	266 days	Not disclosed
Debt service coverage	2.31x	Not disclosed
Total assets	$561.3 million	$548.6 million
Total liabilities	$569.2 million	$576.6 million
Long-term debt	$329.7 million	$356.0 million
Entrance fees not yet earned (deferred revenue)	$154.4 million	$120.5 million
Refunds owed to residents (refundable fee liability)	$56.7 million	$68.3 million
Net position (assets minus liabilities)	−$7.9 million	−$28.0 million

Auditor: CliftonLarsonAllen LLP. Opinion: Unmodified (clean) opinionp. 100

Occupancy

Level of care	2025p. 24
Independent living	96.8%
Assisted living	94.7%
Memory care	93.8%
Nursing care	94.2%

Events the filing reports

Dated facts the disclosure statement states, such as bond issues, missed covenants or changes of ownership.

2025Credit rating Fitch reaffirmed LifeSpire’s BBB rating with a stable outlook.p. 22
2024-10 The Obligated Group issued a $168,825,000 note (Series 2024A and Entrance Fee Principal Redemption Series 2024B-1/B-2) to refund the Series 2014A bonds and 2021 Taxable Loan and fund expansions at The Glebe and The Summit.p. 20

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: 1 of 5
Quality measures: 5 of 5

Fines recorded by CMS: 0. Health citations since 2023-10-16: 12. THE CHESAPEAKE on Care Compare

In brief

The Chesapeake is a LifeSpire of Virginia community on a 40-acre campus in Newport News, opened in 1969, with 251 independent living, 57 assisted living, 16 memory support and 52 Health Care Center units. It offers a Life-Care contract and a Fee for Service contract (care at the daily rate less 10%), each with a Standard Refundable or 90% Refundable entrance fee; 2026 entrance fees run from $149,000 to $855,000. Finances are reported for LifeSpire and its subsidiaries together, which ended 2025 with a net deficit of $7.9 million; the Obligated Group reported 266 days cash on hand against a 120-day covenant.PDF

Nearest communities in Virginia

Warwick Forest
Newport News · 5 miles away
Entrance fee: $148,328 to $377,659
Harbor's Edge
Norfolk · 18 miles away
Entrance fee: $283,079 to $2,164,084
Williamsburg Landing
Williamsburg · 18 miles away
Entrance fee: $48,067 to $1,054,547

Sources

The Chesapeake — 2026 Disclosure StatementVirginia State Corporation Commission, Bureau of Insurance · filed 2026, fiscal 2025 finances · 149 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.