The Gardens of Taylor Glen
3700 Taylor Glen Lane, Concord, North Carolina 28027 · Community website
- Operator:
- Baptist Retirement Homes of North Carolina, Incorporated dba ThriveMore
- Ownership:
- Nonprofit
- Affiliation:
- Baptist (historical relationship with the Baptist State Convention of North Carolina; separate corporate entity)
- Opened:
- 2002
Taylor Glen is an operating division of ThriveMore, not a separate legal entity.
- Type B (modified)
Figures from the 2026 disclosure statement (fiscal 2025 finances), filed with the North Carolina Department of Insurance.PDF
At a glance
Monthly fee, independent living
Refund plans offered
- Traditional Payment Program (0% after 24 months)Can decline to nothing
- Fifty Percent Refund ProgramTerms not disclosed in the 2026 filing
- Ninety Percent Refund ProgramTerms not disclosed in the 2026 filing
Days cash on hand
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 B (modified): A set number of care days is included, or care is charged at a stated discount.
How the contract types compare
Type B (modified)
14 cumulative lifetime days in the health care center are included without extra charge. After that residents pay ThriveMore's current rates: $6,940 a month for the adult care home plus $560 or $840 for higher levels of care, $9,000 a month for memory-enhanced care, and $377 a day for a private nursing room.p. 16
- Assisted living
- 14 lifetime days included (assisted or nursing combined), then the current adult care home rate ($6,940/month plus level-of-care charges)
- Nursing care
- 14 lifetime days included (combined with assisted), then the current daily rate ($377 private room)
- Care days included
- 14
| Independent living | 130 |
|---|---|
| Assisted living | 12 |
| Memory care | 12 |
| Nursing care | 24 |
Entrance fees
One-person prices as the filing lists them, by contract. A second person usually pays the extra amount shown.
Residence and Services Agreement · Type B (modified) (14 prices, $150,300 to $614,000)
| Unit | Refund plan | Price, one person | Second person |
|---|---|---|---|
| Apartment - One bedroom apartment home (Rose) | Traditional Payment Program (0% after 24 months) | $150,300p. 19 | $15,000 |
| Apartment - One bedroom deluxe (Gardenia) | Traditional Payment Program (0% after 24 months) | $162,800p. 19 | $15,000 |
| Apartment - Two bedroom apartment home (Azalea) | Traditional Payment Program (0% after 24 months) | $207,800p. 19 | $15,000 |
| Apartment - Two bedroom deluxe apartment home (Camellia) | Traditional Payment Program (0% after 24 months) | $281,400p. 19 | $15,000 |
| Apartment - Two bedroom classic apartment home (Magnolia) | Traditional Payment Program (0% after 24 months) | $335,900p. 19 | $15,000 |
| Apartment - Two bedroom combo apartment home (Hibiscus) | Traditional Payment Program (0% after 24 months) | $376,400p. 19 | $15,000 |
| Villa apartment - One bedroom/1 bath (Daisy) | Traditional Payment Program (0% after 24 months) | $213,000p. 19 | $18,000 |
| Villa apartment - Two bedroom/2 bath (Lily) | Traditional Payment Program (0% after 24 months) | $289,000p. 19 | $18,000 |
| Villa apartment - Two bedroom/2.5 bath (Peony) | Traditional Payment Program (0% after 24 months) | $345,000p. 19 | $18,000 |
| Villa apartment - Two bedroom/2.5 bath (Dahlia) | Traditional Payment Program (0% after 24 months) | $384,000p. 19 | $18,000 |
| Cottage - Two bedroom/2 bath (Dogwood) | Traditional Payment Program (0% after 24 months) | $353,000p. 20 | $23,000 |
| Cottage - Two bedroom/2 bath (Lupine) | Traditional Payment Program (0% after 24 months) | $382,000p. 20 | $23,000 |
| Cottage - Two bedroom/2.5 bath (Iris) | Traditional Payment Program (0% after 24 months) | $432,000p. 20 | $23,000 |
| Cottage - Three bedroom/3.5 bath (Iris II) | Traditional Payment Program (0% after 24 months) | $614,000p. 20 | $23,000 |
Monthly fees
What residents pay each month, by contract and level of care. A second person adds the amount shown.
Residence and Services Agreement · Type B (modified) (16 prices, $2,520 to $9,000)
| Unit | Level of care | Per month, one person | Second person |
|---|---|---|---|
| Apartment - One bedroom apartment home (Rose) | Independent living | $2,520p. 20 | $960 |
| Apartment - One bedroom deluxe (Gardenia) | Independent living | $2,910p. 20 | $960 |
| Apartment - Two bedroom apartment home (Azalea) | Independent living | $4,220p. 20 | $960 |
| Apartment - Two bedroom deluxe apartment home (Camellia) | Independent living | $4,660p. 20 | $960 |
| Apartment - Two bedroom classic apartment home (Magnolia) | Independent living | $4,860p. 20 | $960 |
| Apartment - Two bedroom combo apartment home (Hibiscus) | Independent living | $5,280p. 20 | $960 |
| Villa apartment - One bedroom/1 bath (Daisy) | Independent living | $3,700p. 20 | $960 |
| Villa apartment - Two bedroom/2 bath (Lily) | Independent living | $5,000p. 20 | $960 |
| Villa apartment - Two bedroom/2.5 bath (Peony) | Independent living | $5,980p. 20 | $960 |
| Villa apartment - Two bedroom/2.5 bath (Dahlia) | Independent living | $6,630p. 20 | $960 |
| Cottage - Two bedroom/2 bath (Dogwood) | Independent living | $5,650p. 20 | $960 |
| Cottage - Two bedroom/2 bath (Lupine) | Independent living | $6,090p. 20 | $960 |
| Cottage - Two bedroom/2.5 bath (Iris) | Independent living | $6,850p. 20 | $960 |
| Cottage - Three bedroom/3.5 bath (Iris II) | Independent living | $8,150p. 20 | $960 |
| Adult Care Home | Assisted living | $6,940p. 20 | Not listed |
| Memory-Enhanced residence | Memory care | $9,000p. 21 | Not listed |
Fee increases, year by year
No year-by-year increase history was recorded from the 2026 filing.
Refunds
What comes back from the entrance fee when you leave or die, and when it is paid.
Traditional Payment Program (0% after 24 months)p. 13
The refund is the entrance fee less 4% for each month of occupancy, so nothing is refunded after 24 months. It is paid when your unit is re-occupied by a new resident or two years after termination, whichever comes first.
- Kept on move-in
- Not disclosed in the 2026 filing
- Declines by
- 4% a month for 24 months
- Never less than
- Nothing: it can decline to zero
- Longest wait
- 24 months
- Paid
- When your unit is re-occupied or after 24 months, whichever is first
Fifty Percent Refund Programp. 12
Costs 1.4 times the Traditional entrance fee and keeps a 50% refund for life. On voluntary termination it is paid at re-occupancy or two years, whichever comes first; the statement does not say how quickly the refund falls to 50%.
- Kept on move-in
- Not disclosed in the 2026 filing
- Declines by
- Not disclosed in the 2026 filing
- Never less than
- Not disclosed in the 2026 filing
- Longest wait
- 24 months
- Paid
- When your unit is re-occupied or after 24 months, whichever is first
Ninety Percent Refund Programp. 12
Costs 1.8 times the Traditional entrance fee and keeps a 90% refund for life. On voluntary termination it is paid at re-occupancy or two years, whichever comes first.
- Kept on move-in
- Not disclosed in the 2026 filing
- Declines by
- Not disclosed in the 2026 filing
- Never less than
- Not disclosed in the 2026 filing
- Longest wait
- 24 months
- Paid
- When your unit is re-occupied or after 24 months, whichever is first
Refund calculator
Estimated refund: $0 (0% of the fee)
When it is paid: when your unit is re-occupied or after 24 months, whichever is first. 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 Gardens of Taylor Glen is part of Baptist Retirement Homes of North Carolina, Incorporated dba ThriveMore (Brookridge, The Gardens of Taylor Glen, Ardenwoods, The Taylor House, ThriveMore At Home).
- Balance sheet: Baptist Retirement Homes of North Carolina, Incorporated dba ThriveMore and Affiliate (consolidated).
- Ratios: Baptist Retirement Homes of North Carolina, Incorporated dba ThriveMore (consolidated).
- Ratios are interim figures, unaudited.
Days cash on hand
475.24 days FY2025p. 4
- 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
1.36x FY2025p. 4
- 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
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. 32 | FY2024p. 4 | FY2023p. 4 |
|---|---|---|---|
| Days cash on hand | 475.24 days | 509.74 days | 471.21 days |
| Debt service coverage | 1.36x | 2.47x | Not disclosed |
| Operating margin | -15.4% | -10.42% | -15.77% |
| Total assets | $230.0 million | Not disclosed | Not disclosed |
| Total liabilities | $154.8 million | Not disclosed | Not disclosed |
| Long-term debt | $84.4 million | Not disclosed | Not disclosed |
| Entrance fees not yet earned (deferred revenue) | $22.9 million | Not disclosed | Not disclosed |
| Refunds owed to residents (refundable fee liability) | $27.6 million | Not disclosed | Not disclosed |
| Net position (assets minus liabilities) | $75.2 million | Not disclosed | Not disclosed |
Auditor: CliftonLarsonAllen LLP. Opinion: Unmodified (clean) opinionp. 32
Occupancy
| Level of care | 2025p. 8 |
|---|---|
| Independent living | 99% |
| Assisted living | 92% |
| Memory care | Not disclosed |
| Nursing care | 54% |
Events the filing reports
Dated facts the disclosure statement states, such as bond issues, missed covenants or changes of ownership.
- 2023-10Ownership change ThriveMore, the operator, completed the purchase of Ardenwoods Retirement Community in Arden, NC in October 2023, after its sale of Western North Carolina Baptist Home in Asheville closed in September 2023.p. 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
- 4 of 5
- Staffing
- No rating
- Quality measures
- No rating
Fines recorded by CMS: 0. Health citations since 2023-10-16: 3. The Gardens of Taylor Glen Retirement Community on Care Compare
In brief
The Gardens of Taylor Glen is a continuing care retirement community in Concord run by ThriveMore (Baptist Retirement Homes of North Carolina), with 130 independent living apartments, 12 adult care, 12 memory-enhanced and 24 nursing beds, and a 50-home expansion opening through 2026. Its contract includes 14 lifetime days of health care, then current rates; Traditional entrance fees run from $150,300 to $614,000 and refund nothing after 24 months, with 50% and 90% refund options at 1.4 and 1.8 times the price. ThriveMore's consolidated FY2025 figures show 475 days cash on hand and 1.36x debt service coverage, with an operating margin of -15.4%.PDF
Other communities in North Carolina
- Abernethy Laurels
Newton
Entrance fee: $40,500 to $543,000
- Arbor Acres
Winston-Salem
Entrance fee: $54,000 to $689,000
- Ardenwoods
Arden
Entrance fee: $271,000 to $484,000
Sources
- The Gardens of Taylor Glen — 2026 Disclosure StatementNorth Carolina Department of Insurance · filed 2026, fiscal 2025 finances · 204 pages · retrieved 2026-10-15
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