Twin Lakes Community
3701 Wade Coble Drive, Burlington, North Carolina 27215 · Community website
- Operator:
- Lutheran Retirement Ministries of Alamance County, North Carolina
- Ownership:
- Nonprofit
- Affiliation:
- Lutheran (Evangelical Lutheran Church in America, through Macedonia Evangelical Lutheran Church)
- Opened:
- 1983
- Type B (modified)
Figures from the 2026 disclosure statement (fiscal 2025 finances), filed with the North Carolina Department of Insurance.PDF
At a glance
Entrance fee, one person, every plan
Monthly fee, independent living
Refund plans offered
- Standard RefundCan decline to nothing
- 50% RefundNever less than 50% of the fee
Days cash on hand
Read the note on this figure
Margin caution: the 13.29% net operating margin is the NC statutory ratio from the Key Financial Metrics table (p2), which does not mark its years as audited; the audited statement of operations shows a GAAP operating loss of $4,039,041 on $46,100,888 of operating revenue for FY2025 (p36), about -8.8%, after $10.9M of depreciation and $4.0M of interest.
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)
Care is paid at Twin Lakes' daily and monthly rates, but residents pay $402 a day for a private skilled nursing room against a $432 market rate for non-community members (about 7% less), and get up to three grace days a year of temporary care without an extra occupancy charge (not cumulative, ending on a long-term move to health care). Residents have priority over outside admissions; during a temporary stay they also keep paying their independent living fee.p. 23
- Assisted living
- Deacon Pointe assisted living at its monthly fee ($6,540 small, $6,958 large apartment)
- Nursing care
- Coble Creek skilled nursing private room $402/day for community members versus $432/day market rate for non-community members; memory care $373 semi-private / $384 private per day
- Care days included
- 3
- Priority for a bed
- Yes, residents come before outside admissions
| Independent living | 482 |
|---|---|
| Assisted living | 36 |
| Memory care | 32 |
| Nursing care | 104 |
Entrance fees
One-person prices as the filing lists them, by contract. A second person usually pays the extra amount shown.
Residency Contract · Type B (modified) (44 prices, $67,000 to $599,000)
| Unit | Sq ft | Refund plan | Price, one person | Second person |
|---|---|---|---|---|
| Aldersgate & Brandenburg Apartments - Heather 1BR/1BA | 600 | Standard Refund | $67,000p. 23 | $6,500 |
| Aldersgate & Brandenburg Apartments - Heather 1BR/1BA | 600 | 50% Refund | $101,000p. 23 | $6,500 |
| Aldersgate & Brandenburg Apartments - Laurel 2BR/1BA | 800 | Standard Refund | $79,000p. 23 | $6,500 |
| Aldersgate & Brandenburg Apartments - Laurel 2BR/1BA | 800 | 50% Refund | $119,000p. 23 | $6,500 |
| Wittenberg Apartments - Edelweiss 1BR/1BA | 819 | Standard Refund | $98,000p. 23 | $6,500 |
| Wittenberg Apartments - Edelweiss 1BR/1BA | 819 | 50% Refund | $148,000p. 23 | $6,500 |
| Wittenberg Apartments - Iris 2BR/2BA | 969 | Standard Refund | $118,000p. 23 | $6,500 |
| Wittenberg Apartments - Iris 2BR/2BA | 969 | 50% Refund | $176,000p. 23 | $6,500 |
| Wittenberg Apartments - Valerian 2BR/2BA | 1,007 | Standard Refund | $118,000p. 23 | $6,500 |
| Wittenberg Apartments - Valerian 2BR/2BA | 1,007 | 50% Refund | $176,000p. 23 | $6,500 |
| Villa 2BR/2BA - Acacia | 1,311 | Standard Refund | $163,000p. 23 | $13,000 |
| Villa 2BR/2BA - Acacia | 1,311 | 50% Refund | $245,000p. 23 | $13,000 |
| Villa 2BR/2BA - Chestnut | 1,311 | Standard Refund | $174,000p. 23 | $13,000 |
| Villa 2BR/2BA - Chestnut | 1,311 | 50% Refund | $262,000p. 23 | $13,000 |
| Villa 2BR/2BA - Aspen | 1,311 | Standard Refund | $182,000p. 23 | $13,000 |
| Villa 2BR/2BA - Aspen | 1,311 | 50% Refund | $273,000p. 23 | $13,000 |
| Villa 2BR/2BA - Birch | 1,602 | Standard Refund | $227,000p. 23 | $13,000 |
| Villa 2BR/2BA - Birch | 1,602 | 50% Refund | $340,000p. 23 | $13,000 |
| Villa 2BR/2BA - Dogwood | 1,677 | Standard Refund | $242,000p. 23 | $13,000 |
| Villa 2BR/2BA - Dogwood | 1,677 | 50% Refund | $363,000p. 23 | $13,000 |
| Stockton Apartments - Magnolia 1BR/1BA/study | 1,046 | Standard Refund | $182,000p. 23 | $18,000 |
| Stockton Apartments - Magnolia 1BR/1BA/study | 1,046 | 50% Refund | $265,000p. 23 | $18,000 |
| Stockton Apartments - Oak 2BR/2BA | 1,460 | Standard Refund | $249,000p. 23 | $18,000 |
| Stockton Apartments - Oak 2BR/2BA | 1,460 | 50% Refund | $369,000p. 23 | $18,000 |
| Stockton Apartments - Poplar 2BR/2BA/study | 1,672 | Standard Refund | $293,000p. 23 | $18,000 |
| Stockton Apartments - Poplar 2BR/2BA/study | 1,672 | 50% Refund | $434,000p. 23 | $18,000 |
| Stockton Apartments - Redbud 2BR/2BA/study | 1,726 | Standard Refund | $333,000p. 23 | $18,000 |
| Stockton Apartments - Redbud 2BR/2BA/study | 1,726 | 50% Refund | $492,000p. 23 | $18,000 |
| Stockton Apartments - Sycamore 2BR/2BA/study | 1,780 | Standard Refund | $353,000p. 23 | $18,000 |
| Stockton Apartments - Sycamore 2BR/2BA/study | 1,780 | 50% Refund | $520,000p. 23 | $18,000 |
| Stockton Apartments - Tupelo 2BR/2BA/study | 1,939 | Standard Refund | $374,000p. 23 | $18,000 |
| Stockton Apartments - Tupelo 2BR/2BA/study | 1,939 | 50% Refund | $556,000p. 23 | $18,000 |
| Stockton Apartments - Willow 2BR/2.5BA/study | 1,950 | Standard Refund | $381,000p. 23 | $18,000 |
| Stockton Apartments - Willow 2BR/2.5BA/study | 1,950 | 50% Refund | $563,000p. 23 | $18,000 |
| Garden Home 3BR - Juniper | 1,750 | Standard Refund | $306,000p. 23 | $18,000 |
| Garden Home 3BR - Juniper | 1,750 | 50% Refund | $458,000p. 23 | $18,000 |
| Garden Home 3BR - Evergreen | 1,888 | Standard Refund | $331,000p. 23 | $18,000 |
| Garden Home 3BR - Evergreen | 1,888 | 50% Refund | $496,000p. 23 | $18,000 |
| Garden Home 3BR - Forsythia | 1,960 | Standard Refund | $348,000p. 23 | $18,000 |
| Garden Home 3BR - Forsythia | 1,960 | 50% Refund | $524,000p. 23 | $18,000 |
| Garden Home 3BR - Gardenia | 2,000 | Standard Refund | $362,000p. 23 | $18,000 |
| Garden Home 3BR - Gardenia | 2,000 | 50% Refund | $543,000p. 23 | $18,000 |
| Garden Home 3BR - Holly | 2,200 | Standard Refund | $399,000p. 23 | $18,000 |
| Garden Home 3BR - Holly | 2,200 | 50% Refund | $599,000p. 23 | $18,000 |
Monthly fees
What residents pay each month, by contract and level of care. A second person adds the amount shown.
Residency Contract · Type B (modified) (24 prices, $2,033 to $6,958)
| Unit | Level of care | Per month, one person | Second person |
|---|---|---|---|
| Aldersgate & Brandenburg Apartments - Heather 1BR/1BA | Independent living | $2,033p. 23 | $249 |
| Aldersgate & Brandenburg Apartments - Laurel 2BR/1BA | Independent living | $2,296p. 23 | $795 |
| Wittenberg Apartments - Edelweiss 1BR/1BA | Independent living | $2,547p. 23 | $795 |
| Wittenberg Apartments - Iris 2BR/2BA | Independent living | $2,657p. 23 | $795 |
| Wittenberg Apartments - Valerian 2BR/2BA | Independent living | $2,657p. 23 | $795 |
| Villa 2BR/2BA - Acacia | Independent living | $2,884p. 23 | $795 |
| Villa 2BR/2BA - Chestnut | Independent living | $2,884p. 23 | $795 |
| Villa 2BR/2BA - Aspen | Independent living | $2,884p. 23 | $795 |
| Villa 2BR/2BA - Birch | Independent living | $2,998p. 23 | $795 |
| Villa 2BR/2BA - Dogwood | Independent living | $2,998p. 23 | $795 |
| Stockton Apartments - Magnolia 1BR/1BA/study | Independent living | $2,931p. 23 | $818 |
| Stockton Apartments - Oak 2BR/2BA | Independent living | $2,994p. 23 | $818 |
| Stockton Apartments - Poplar 2BR/2BA/study | Independent living | $3,079p. 23 | $800 |
| Stockton Apartments - Redbud 2BR/2BA/study | Independent living | $3,179p. 23 | $818 |
| Stockton Apartments - Sycamore 2BR/2BA/study | Independent living | $3,328p. 23 | $818 |
| Stockton Apartments - Tupelo 2BR/2BA/study | Independent living | $3,572p. 23 | $818 |
| Stockton Apartments - Willow 2BR/2.5BA/study | Independent living | $3,592p. 23 | $818 |
| Garden Home 3BR - Juniper | Independent living | $3,207p. 23 | $818 |
| Garden Home 3BR - Evergreen | Independent living | $3,429p. 23 | $818 |
| Garden Home 3BR - Forsythia | Independent living | $3,429p. 23 | $818 |
| Garden Home 3BR - Gardenia | Independent living | $3,647p. 23 | $818 |
| Garden Home 3BR - Holly | Independent living | $3,860p. 23 | $818 |
| Deacon Pointe Assisted Living - Small apartment | Assisted living | $6,540p. 23 | Not listed |
| Deacon Pointe Assisted Living - Large apartment | Assisted living | $6,958p. 23 | Not listed |
Fee increases, year by year
| Year | Level of care | Unit | Increase | Monthly fee, before and after |
|---|---|---|---|---|
| 2025 | Independent living | All units | 5% | Percent onlyp. 24 |
| 2025 | Assisted living | All units | 5% | Percent onlyp. 24 |
| 2025 | Nursing care | All units | 6% | Percent onlyp. 24 |
| 2025 | Memory care | All units | 7% | Percent onlyp. 24 |
| 2024 | Independent living | All units | 5% | Percent onlyp. 24 |
| 2024 | Assisted living | All units | 6% | Percent onlyp. 24 |
| 2024 | Nursing care | All units | 6% | Percent onlyp. 24 |
| 2024 | Memory care | All units | 6% | Percent onlyp. 24 |
| 2023 | Independent living | All units | 4% | Percent onlyp. 24 |
| 2023 | Assisted living | All units | 4% | Percent onlyp. 24 |
| 2023 | Nursing care | All units | 6% | Percent onlyp. 24 |
| 2023 | Memory care | All units | 4% | Percent onlyp. 24 |
| 2022 | Independent living | All units | 3% | Percent onlyp. 24 |
| 2022 | Assisted living | All units | 3% | Percent onlyp. 24 |
| 2022 | Nursing care | All units | 3% | Percent onlyp. 24 |
| 2022 | Memory care | All units | 0% | Percent onlyp. 24 |
| 2021 | Independent living | All units | 3% | Percent onlyp. 24 |
| 2021 | Assisted living | All units | 3% | Percent onlyp. 24 |
| 2021 | Nursing care | All units | 5% | Percent onlyp. 24 |
| 2021 | Memory care | All units | 1% | Percent onlyp. 24 |
Refunds
What comes back from the entrance fee when you leave or die, and when it is paid.
Standard Refundp. 95
4% of the entry fee is never refundable; the other 96% declines day by day over 912 days (about 30 months, roughly 3.2% a month), after which nothing is refunded. Any refund is paid within 60 days after the later of moving out or the unit being re-leased and its new entry fee received.
- Kept on move-in
- 4% of the fee
- Declines by
- 3.2% a month for 30 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
50% Refundp. 19
Half of the entry fee is always refundable. Of the other half, 96% declines day by day over 912 days (about 30 months), so the refund starts near 98% and reaches 50% after 30 months. It is paid within 60 days after the later of moving out or the unit being re-leased and its new entry fee received.
- Kept on move-in
- 2% of the fee
- Declines by
- 1.6% a month for 30 months
- Never less than
- 50% of the fee
- Longest wait
- No limit stated
- Paid
- When your unit is re-occupied and the new resident has paid
Refund calculator
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.
- Balance sheet and ratios: Lutheran Retirement Ministries of Alamance County, North Carolina.
- Ratios are interim figures, unaudited.
Days cash on hand
410.29 days FY2025p. 2
- 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
2.91x FY2025p. 2
- 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
Read with these figuresMargin caution: the 13.29% net operating margin is the NC statutory ratio from the Key Financial Metrics table (p2), which does not mark its years as audited; the audited statement of operations shows a GAAP operating loss of $4,039,041 on $46,100,888 of operating revenue for FY2025 (p36), about -8.8%, after $10.9M of depreciation and $4.0M of interest.
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. 35 | FY2024p. 2 | FY2023p. 2 |
|---|---|---|---|
| Days cash on hand | 410.29 days | 317.95 days | 299.84 days |
| Debt service coverage | 2.91x | 4.96x | 2.29x |
| Operating margin | 13.29% | 8.59% | 1.66% |
| Total assets | $295.9 million | $254.3 million | Not disclosed |
| Total liabilities | $226.0 million | $184.3 million | Not disclosed |
| Long-term debt | $135.2 million | $111.1 million | Not disclosed |
| Entrance fees not yet earned (deferred revenue) | $57.8 million | Not disclosed | Not disclosed |
| Refunds owed to residents (refundable fee liability) | $17.2 million | Not disclosed | Not disclosed |
| Net position (assets minus liabilities) | $69.9 million | $70.0 million | Not disclosed |
Auditor: Gilliam Bell Moser LLP. Opinion: Unmodified (clean) opinionp. 35
Occupancy
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
- 3 of 5
Fines recorded by CMS: 1 totalling $6,152. Health citations since 2023-10-16: 7. Twin Lakes Community on Care Compare
CARF-accredited since 1998. Check on CARF’s site
In brief
Twin Lakes Community, a single-site Lutheran CCRC on about 215 acres in Elon, has 482 independent living homes, 36 assisted living apartments, 32 memory care beds and 104 skilled nursing beds, with 36 more apartments due in 2026. Entry fees run from $67,000 to $599,000 on two plans: Standard, which declines to no refund over 30 months, and 50% Refund. Residents pay for care at daily and monthly rates: skilled nursing is $402 a day for residents against a $432 market rate, plus up to three grace days a year of temporary care without an occupancy charge.PDF
Also in Burlington
- Oak Creek Apartments
Burlington
Entrance fee: $25,000 to $30,000
- The Village at Brookwood
Burlington
Entrance fee: $162,000 to $567,000
Sources
- Twin Lakes Community — 2026 Disclosure StatementNorth Carolina Department of Insurance · filed 2026, fiscal 2025 finances · 102 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.