The Village at Brookwood
1860 Brookwood Ave, Burlington, North Carolina 27215 · Community website
- Operator:
- Alamance Extended Care, Inc. d/b/a The Village at Brookwood (sole member Well-Spring Services, Inc.; parent Kintura)
- Ownership:
- Nonprofit
- Affiliation:
- Not disclosed in the 2026 filing
- Opened:
- 2003
- Type A (life care)
- Type C (fee for service)
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
- Standard (6% nonrefundable, 2% per month, 0% after 47 months)Can decline to nothing
Days cash on hand
Read the note on this figure
The 100 days counts the $4.0M statutory operating reserve: Brookwood's cash ($0.84M) + investments ($0.13M) + the reserve ($4.01M) = the $4.98M of 'unrestricted cash and investments' the statement cites (p35, p86). Cash and investments alone are about $0.97M, roughly 20 days at the same daily expense rate the statement used for its 100. The Well-Spring Services obligated group, which owes the bonds, reports 433 days and 3.97x coverage for FY2025 (p40, p42).
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 C (fee for service): Care is charged at market rates when you need it.
How the contract types compare
Type A (life care)The filing calls it Life Care (Type A); we class contracts by how care is priced (our definitions).
Life Care residents get 14 free Health Care Center days a calendar year (the contract limits its 14-day respite benefit to skilled nursing), then pay one Lifecare rate, set at the weighted-average single Lifecare monthly fee ($5,594 in 2026), whatever the level of care. Fee-for-service residents pay $7,635-$13,740 a month for the same care.p. 154
- Assisted living
- Life Care Benefit monthly fee of $5,594 ($186 a day) in 2026, the same for assisted living, memory care and skilled nursing, plus two extra daily meals and ancillaries; 14 free Health Care Center days a year first.
- Nursing care
- Same $5,594 Life Care Benefit monthly fee, plus meals and ancillaries.
- Care days included
- 14
Type C (fee for service)The filing calls it Fee For Service (Type B-Modified Life Care); we class contracts by how care is priced (our definitions).
Fee-for-service residents pay the published per diem rate for assisted living, memory care and skilled nursing, with priority access to the Health Care Center. No free days or discount are stated in the contract or projections.p. 169
- Assisted living
- Per diem rates: assisted living $7,635 a month ($255 a day), memory support $9,880 ($329 a day) in 2026.
- Nursing care
- Per diem rate: $13,740 a month ($458 a day) in 2026.
- Priority for a bed
- Yes, residents come before outside admissions
| Independent living | 176 |
|---|---|
| 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.
Life Care Residence & Services Agreement · Type A (life care) (10 prices, $257,000 to $567,000)
| Unit | Refund plan | Price, one person | Second person |
|---|---|---|---|
| Azalea (One Bedroom) - IL Apt | Standard (6% nonrefundable, 2% per month, 0% after 47 months) | $257,000p. 26 | $46,000 |
| Birch (One Bedroom + Den) - IL Apt | Standard (6% nonrefundable, 2% per month, 0% after 47 months) | $315,000p. 26 | $46,000 |
| Camellia (Two Bedroom) - IL Apt | Standard (6% nonrefundable, 2% per month, 0% after 47 months) | $347,000p. 26 | $46,000 |
| Dogwood (Two Bedroom + Den) - IL Apt | Standard (6% nonrefundable, 2% per month, 0% after 47 months) | $388,000p. 26 | $46,000 |
| Elm (Two Bedroom Deluxe) - IL Apt | Standard (6% nonrefundable, 2% per month, 0% after 47 months) | $430,000p. 26 | $46,000 |
| Holly (Two Bedroom) - IL Garden Home | Standard (6% nonrefundable, 2% per month, 0% after 47 months) | $440,000p. 26 | $46,000 |
| Juniper (Two Bedroom) - IL Garden Home | Standard (6% nonrefundable, 2% per month, 0% after 47 months) | $506,000p. 26 | $53,000 |
| Magnolia or Maple (Three Bedroom) - IL Garden Home | Standard (6% nonrefundable, 2% per month, 0% after 47 months) | $473,000p. 26 | $46,000 |
| Oak (Two Bedroom + Den/Office) - IL Garden Home | Standard (6% nonrefundable, 2% per month, 0% after 47 months) | $493,000p. 26 | $46,000 |
| Pine (Three Bedroom) - IL Garden Home | Standard (6% nonrefundable, 2% per month, 0% after 47 months) | $567,000p. 26 | $53,000 |
Fee for Service Residence & Services Agreement · Type C (fee for service) (10 prices, $162,000 to $431,000)
| Unit | Refund plan | Price, one person | Second person |
|---|---|---|---|
| Azalea (One Bedroom) - IL Apt | Standard (6% nonrefundable, 2% per month, 0% after 47 months) | $162,000p. 27 | $29,000 |
| Birch (One Bedroom + Den) - IL Apt | Standard (6% nonrefundable, 2% per month, 0% after 47 months) | $205,000p. 27 | $30,000 |
| Camellia (Two Bedroom) - IL Apt | Standard (6% nonrefundable, 2% per month, 0% after 47 months) | $243,000p. 27 | $32,000 |
| Dogwood (Two Bedroom + Den) - IL Apt | Standard (6% nonrefundable, 2% per month, 0% after 47 months) | $272,000p. 27 | $32,000 |
| Elm (Two Bedroom Deluxe) - IL Apt | Standard (6% nonrefundable, 2% per month, 0% after 47 months) | $301,000p. 27 | $32,000 |
| Holly (Two Bedroom) - IL Garden Home | Standard (6% nonrefundable, 2% per month, 0% after 47 months) | $335,000p. 27 | $35,000 |
| Juniper (Two Bedroom) - IL Garden Home | Standard (6% nonrefundable, 2% per month, 0% after 47 months) | $385,000p. 27 | $40,000 |
| Magnolia or Maple (Three Bedroom) - IL Garden Home | Standard (6% nonrefundable, 2% per month, 0% after 47 months) | $360,000p. 27 | $35,000 |
| Oak (Two Bedroom + Den/Office) - IL Garden Home | Standard (6% nonrefundable, 2% per month, 0% after 47 months) | $375,000p. 27 | $35,000 |
| Pine (Three Bedroom) - IL Garden Home | Standard (6% nonrefundable, 2% per month, 0% after 47 months) | $431,000p. 27 | $40,000 |
Monthly fees
What residents pay each month, by contract and level of care. A second person adds the amount shown.
Life Care Residence & Services Agreement · Type A (life care) (13 prices, $3,667 to $6,104)
| Unit | Level of care | Per month, one person | Second person |
|---|---|---|---|
| Azalea (One Bedroom) - IL Apt | Independent living | $3,667p. 25 | $1,796 |
| Birch (One Bedroom + Den) - IL Apt | Independent living | $3,988p. 25 | $1,796 |
| Camellia (Two Bedroom) - IL Apt | Independent living | $4,359p. 25 | $1,796 |
| Dogwood (Two Bedroom + Den) - IL Apt | Independent living | $4,730p. 25 | $1,796 |
| Elm (Two Bedroom Deluxe) - IL Apt | Independent living | $5,129p. 25 | $1,796 |
| Holly (Two Bedroom) - IL Garden Home | Independent living | $5,601p. 25 | $1,796 |
| Juniper (Two Bedroom) - IL Garden Home | Independent living | $5,672p. 25 | $1,796 |
| Magnolia or Maple (Three Bedroom) - IL Garden Home | Independent living | $5,860p. 25 | $1,796 |
| Oak (Two Bedroom + Den/Office) - IL Garden Home | Independent living | $6,030p. 25 | $1,796 |
| Pine (Three Bedroom) - IL Garden Home | Independent living | $6,104p. 25 | $1,796 |
| Assisted Living (Life Care Benefit) | Assisted living | $5,594p. 25 | Not listed |
| Memory Care (Life Care Benefit) | Memory care | $5,594p. 25 | Not listed |
| Skilled Nursing (Life Care Benefit) | Nursing care | $5,594p. 25 | Not listed |
Fee for Service Residence & Services Agreement · Type C (fee for service) (13 prices, $3,081 to $13,740)
| Unit | Level of care | Per month, one person | Second person |
|---|---|---|---|
| Azalea (One Bedroom) - IL Apt | Independent living | $3,081p. 25 | $1,148 |
| Birch (One Bedroom + Den) - IL Apt | Independent living | $3,399p. 25 | $1,148 |
| Camellia (Two Bedroom) - IL Apt | Independent living | $3,771p. 25 | $1,148 |
| Dogwood (Two Bedroom + Den) - IL Apt | Independent living | $4,177p. 25 | $1,148 |
| Elm (Two Bedroom Deluxe) - IL Apt | Independent living | $4,580p. 25 | $1,148 |
| Holly (Two Bedroom) - IL Garden Home | Independent living | $4,621p. 25 | $1,148 |
| Juniper (Two Bedroom) - IL Garden Home | Independent living | $4,697p. 26 | $1,148 |
| Magnolia or Maple (Three Bedroom) - IL Garden Home | Independent living | $4,917p. 26 | $1,148 |
| Oak (Two Bedroom + Den/Office) - IL Garden Home | Independent living | $5,084p. 26 | $1,148 |
| Pine (Three Bedroom) - IL Garden Home | Independent living | $5,162p. 26 | $1,148 |
| Assisted Living (per diem rate) | Assisted living | $7,635p. 26 | Not listed |
| Memory Support (per diem rate) | Memory care | $9,880p. 26 | Not listed |
| Skilled Nursing (per diem rate) | Nursing care | $13,740p. 26 | Not listed |
Fee increases, year by year
| Year | Level of care | Unit | Increase | Monthly fee, before and after |
|---|---|---|---|---|
| 2026 | Independent living | All units | 4.75% | Percent onlyp. 26 |
| 2025 | Independent living | All units | 5.25% | Percent onlyp. 26 |
| 2024 | Independent living | All units | 5.75% | Percent onlyp. 26 |
| 2023 | Independent living | All units | 7% | Percent onlyp. 26 |
| 2022 | Independent living | All units | 5.01% | Percent onlyp. 26 |
Refunds
What comes back from the entrance fee when you leave or die, and when it is paid.
Standard (6% nonrefundable, 2% per month, 0% after 47 months)p. 153
An initial 6% of the entrance fee is nonrefundable and the rest amortizes at 2% a month, reaching no refund after 47 months. Any refund is paid when the residence is reserved by a new resident who has paid the full entrance fee, or within one year of termination, whichever comes first, less restoration costs and unpaid charges.
- Kept on move-in
- 6% of the fee
- Declines by
- 2% a month for 47 months
- Never less than
- Nothing: it can decline to zero
- Longest wait
- 12 months
- Paid
- When your unit is re-occupied or after 12 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 12 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 Village at Brookwood is part of Well-Spring Services obligated group (with Well-Spring Retirement Community), part of Kintura.
- Balance sheet: Alamance Extended Care, Inc. d/b/a The Village at Brookwood (column of the Well-Spring Services, Inc. consolidating balance sheet).
- Ratios: The Village at Brookwood (community only); the bond covenants apply to the Well-Spring Services obligated group.
Days cash on hand
100 days FY2025p. 2
- Its lenders’ minimum: 120 daysp. 19
- Industry median: 321 days Ziegler median for fiscal 2022, 132 bond-financed not-for-profit entrance-fee CCRCs
Debt service coverage
2.72x FY2025p. 2
- Its lenders’ minimum: 1.20xp. 19
- Industry median: 1.80x Ziegler median for fiscal 2022, 132 bond-financed not-for-profit entrance-fee CCRCs
Read with these figuresThe 100 days counts the $4.0M statutory operating reserve: Brookwood's cash ($0.84M) + investments ($0.13M) + the reserve ($4.01M) = the $4.98M of 'unrestricted cash and investments' the statement cites (p35, p86). Cash and investments alone are about $0.97M, roughly 20 days at the same daily expense rate the statement used for its 100. The Well-Spring Services obligated group, which owes the bonds, reports 433 days and 3.97x coverage for FY2025 (p40, p42).
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. 87 | FY2024p. 2 | FY2023p. 2 |
|---|---|---|---|
| Days cash on hand | 100 days | 98 days | 144 days |
| Debt service coverage | 2.72x | 3.19x | 1.56x |
| Operating margin | 5.45% | 3.55% | -5.57% |
| Total assets | $60.0 million | Not disclosed | Not disclosed |
| Total liabilities | $61.0 million | Not disclosed | Not disclosed |
| Long-term debt | $23.4 million | Not disclosed | Not disclosed |
| Entrance fees not yet earned (deferred revenue) | $15.4 million | Not disclosed | Not disclosed |
| Refunds owed to residents (refundable fee liability) | $3.6 million | Not disclosed | Not disclosed |
| Net position (assets minus liabilities) | −$946,758 | Not disclosed | Not disclosed |
Auditor: CliftonLarsonAllen LLP. Opinion: Unmodified (clean) opinionp. 87
Occupancy
Events the filing reports
Dated facts the disclosure statement states, such as bond issues, missed covenants or changes of ownership.
- 2024Ownership change Kintura was formed through the affiliation of The Presbyterian Homes, Inc. (Brightspire) and Well-Spring Services, Inc.; Kintura is now the controlling corporate parent and appoints the board.p. 8
- 2022-07Ownership change The Village at Brookwood became part of the nonprofit Well-Spring Group family, after being a member of the Cone Health family and managed by Well-Spring from 2017 to 2022.p. 142
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
- 4 of 5
Fines recorded by CMS: 0. Health citations since 2023-10-16: 1. Edgewood Place at the Village at Brookwood on Care Compare
In brief
The Village at Brookwood in Burlington, NC is a nonprofit continuing care retirement community on about 50 acres with 176 independent living apartments and garden homes, 24 assisted living units (12 for memory care) and 24 skilled nursing beds, part of Kintura and the Well-Spring Services obligated group. It sells a Life Care contract (2026 entrance fees $257,000-$567,000, care at a flat $5,594 a month after 14 free days a year) and a Fee for Service contract ($162,000-$431,000, care at per diem rates), both declining to no refund after 47 months. Its own balance sheet showed net assets of about -$0.9M at the end of 2025.PDF
Nearest communities in North Carolina
- Oak Creek Apartments
Burlington · 3 miles away
Entrance fee: $25,000 to $30,000
- WhiteStone: A Masonic and Eastern Star Community
Greensboro · 21 miles away
Entrance fee: $30,900 to $510,803
- Well-Spring, A Life Plan Community
Greensboro · 23 miles away
Entrance fee: $138,000 to $648,000
Sources
- The Village at Brookwood — 2026 Disclosure StatementNorth Carolina Department of Insurance · filed 2026, fiscal 2025 finances · 183 pages · retrieved 2026-10-15
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