Westminster at Lake Ridge
12191 Clipper Drive, Lake Ridge, Virginia 22192
- Operator:
- Westminster Presbyterian Retirement Community, Incorporated (part of Ingleside)
- Ownership:
- Nonprofit
- Affiliation:
- Presbyterian (historical connection with the National Capital Presbytery through Ingleside at Rock Creek; no control or financial responsibility)
- Opened:
- Not disclosed in the 2025 filing
Virginia nonprofit, nonstock 501(c)(3). The parent Westminster Ingleside King Farm Presbyterian Retirement Communities, Inc. (d/b/a Ingleside) holds reserved powers and charges a 5.25%-of-revenue management fee (p8, p11). The Provider owns the site, subject to the 2016 bond mortgage (p6).
- Type B (modified)
Figures from the 2025 disclosure statement (fiscal 2024 finances), filed with the Virginia State Corporation Commission, Bureau of Insurance.PDF The finances describe fiscal 2024; this is the newest statement we have for Westminster at Lake Ridge, and a later one may have been filed since.
At a glance
Entrance fee, one person, every plan
Monthly fee, independent living
Refund plans offered
- 90% RefundableNever less than 90% of the fee
- 50% RefundableNever less than 50% of the fee
- 0% RefundableTerms not disclosed in the 2025 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)The filing calls it Resident Fee-For-Service; we class contracts by how care is priced (our definitions).
5 days per temporary stay are included in the monthly fee, at most 15 a year: the contract covers the first five days of temporary Health Center care that begins more than 30 days after the resident's last Health Center day, with a limit of 15 such days in any twelve-month period. After that, residents pay the full per diem rate on top of the monthly fee until they give up their independent living residence. Independent living residents have priority access to the Health Center.p. 85
- Assisted living
- 2024 per diem $306 (studio) / $314 (large studio), plus $17 or $35/day for Level II/III care
- Nursing care
- 2024 per diem $581 private / $599 private suite
- Care days included
- 5
- Priority for a bed
- Yes, residents come before outside admissions
| Independent living | 235 |
|---|---|
| Assisted living | 46 |
| Memory care | Not disclosed in the 2025 filing |
| Nursing care | 60 |
Entrance fees
One-person prices as the filing lists them, by contract. A second person usually pays the extra amount shown.
The 2025 filing lists no entrance-fee schedule. What it says about the contracts:
Only the Resident Fee-For-Service contract is offered (90%, 50% or 0% refundable). Life Care contracts were discontinued in September 2010 and still apply to existing holders (p17). Fee-For-Service residents get their first five days of temporary Health Center care included in the monthly fee (15 days a year at most) and then pay the per diem rate (p18, p85). Per diem (direct-admission) residency is available in AL and nursing.PDF
Monthly fees
What residents pay each month, by contract and level of care. A second person adds the amount shown.
Residence and Care Agreement (Resident Fee-For-Service) · Type B (modified) (8 prices, $2,281 to $8,142)
| Unit | Level of care | Per month, one person | Second person |
|---|---|---|---|
| Apartment - One Bedroom | Independent living | $2,281 to $4,174p. 114 | Not listed |
| Apartment - One Bedroom Deluxe | Independent living | $2,681 to $4,906p. 114 | Not listed |
| Apartment - One Bedroom Den | Independent living | $3,162 to $5,808p. 114 | Not listed |
| Apartment - Two Bedroom | Independent living | $3,492 to $6,414p. 114 | Not listed |
| Apartment - Two Bedroom Den | Independent living | $4,070 to $7,493p. 114 | Not listed |
| Cottage - One Bedroom Den | Independent living | $3,502 to $6,433p. 114 | Not listed |
| Cottage - Two Bedroom | Independent living | $3,961 to $7,292p. 114 | Not listed |
| Cottage - Two Bedroom Den | Independent living | $4,420 to $8,142p. 114 | Not listed |
Health Center per diem · Type B (modified) (3 prices, $9,486 to $18,210)
| Unit | Level of care | Per month, one person | Second person |
|---|---|---|---|
| Assisted living studio / large studio | Assisted living | $9,486 to $9,734p. 116 | Not listed |
| Nursing private room / private suite | Nursing care | $17,662 to $18,210p. 116 | Not listed |
| Memory Care Unit private room / private suite | Memory care | $17,237 to $17,754p. 25 | Not listed |
Fee increases, year by year
| Year | Level of care | Unit | Increase | Monthly fee, before and after |
|---|---|---|---|---|
| 2024 | Independent living | All units | 4.5% | Percent onlyp. 114 |
| 2024 | Nursing care | All units | 4.5% | Percent onlyp. 116 |
| 2024 | Assisted living | All units | 4.5% | Percent onlyp. 116 |
| 2023 | Independent living | All units | 9% | Percent onlyp. 114 |
| 2023 | Nursing care | All units | 9.11% | Percent onlyp. 116 |
| 2023 | Assisted living | All units | 9% | Percent onlyp. 116 |
| 2022 | Independent living | All units | 5.5% | Percent onlyp. 114 |
| 2022 | Nursing care | All units | 5.5% | Percent onlyp. 116 |
| 2022 | Assisted living | All units | 4.6% | Percent onlyp. 116 |
| 2021 | Independent living | All units | 4.5% | Percent onlyp. 114 |
| 2021 | Nursing care | All units | 3.5% | Percent onlyp. 116 |
| 2021 | Assisted living | All units | 0% | Percent onlyp. 116 |
| 2020 | Independent living | All units | 3.5% | Percent onlyp. 114 |
| 2020 | Nursing care | All units | 0% | Percent onlyp. 116 |
| 2020 | Assisted living | All units | 0% | Percent onlyp. 116 |
Refunds
What comes back from the entrance fee when you leave or die, and when it is paid.
90% Refundablep. 22
The refund falls 2% a month for the first five months and never goes below 90% of the entrance fee. Refunds are paid when a new entrance fee is received for the vacated unit.
- Kept on move-in
- 0% of the fee
- Declines by
- 2% a month for 5 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
50% Refundablep. 22
The refund falls 2% a month for 25 months and never goes below 50%. It is paid when a new entrance fee is received for the vacated unit.
- Kept on move-in
- 0% of the fee
- Declines by
- 2% a month for 25 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
0% Refundablep. 22
The entrance fee is fully earned on the day you move in, and nothing is refunded.
- Kept on move-in
- 100% of the fee
- Declines by
- Not disclosed in the 2025 filing
- Never less than
- Not disclosed in the 2025 filing
- Longest wait
- No limit stated
- Paid
- Not disclosed in the 2025 filing
Refund calculator
Estimated refund: 90%
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: Westminster Presbyterian Retirement Community, Incorporated.
Days cash on hand
205 days FY2024p. 121
- Its lenders’ minimum: 150 daysp. 121
- Industry median: 321 days Ziegler median for fiscal 2022, 132 bond-financed not-for-profit entrance-fee CCRCs
Debt service coverage
1.88x FY2024p. 121
- Its lenders’ minimum: 1.20xp. 121
- 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 | FY2024p. 126 | FY2023p. 126 |
|---|---|---|
| Days cash on hand | 205 days | Not disclosed |
| Debt service coverage | 1.88x | Not disclosed |
| Total assets | $79.6 million | $83.1 million |
| Total liabilities | $113.6 million | $116.1 million |
| Long-term debt | $47.9 million | Not disclosed |
| Entrance fees not yet earned (deferred revenue) | $24.9 million | Not disclosed |
| Refunds owed to residents (refundable fee liability) | $34.3 million | Not disclosed |
| Net position (assets minus liabilities) | −$34.1 million | −$33.1 million |
Auditor: Baker Tilly US, LLP. Opinion: Unmodified (clean) opinionp. 126
Occupancy
| Level of care | 2024p. 29 |
|---|---|
| Independent living | 97% |
| Assisted living | 96% |
| Memory care | Not disclosed |
| Nursing care | 74% |
Events the filing reports
Dated facts the disclosure statement states, such as bond issues, missed covenants or changes of ownership.
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
- 3 of 5
- Staffing
- 5 of 5
- Quality measures
- 5 of 5
Fines recorded by CMS: 1 totalling $8,405. Health citations since 2023-10-16: 2. WESTMINSTER AT LAKE RIDGE on Care Compare
CARF-accredited since 2015. Check on CARF’s site
In brief
Westminster at Lake Ridge is a nonprofit community on the Occoquan River in Prince William County, with 235 independent living cottages and apartments, 46 assisted living places and a 60-suite nursing center. New residents sign a fee-for-service contract (90%, 50% or 0% refundable) that includes five days of each temporary Health Center stay, up to 15 days a year, with full per diem rates after that. For 2024 the audited covenant schedule shows 205 days cash on hand (150 required) and 1.88x debt service coverage (1.20x required), with a total net deficit of $34.1 million.PDF
Nearest communities in Virginia
- The Fairfax
Fort Belvoir · 6 miles away
Entrance fee: $135,598 to $1,027,327
- Greenspring Village
Springfield · 7 miles away
Entrance fee: $144,000 to $1,280,000
- The Woodlands
Fairfax · 12 miles away
Entrance fee: $346,000 to $765,000
Sources
- Westminster at Lake Ridge — 2024 Disclosure StatementVirginia State Corporation Commission, Bureau of Insurance · filed 2025, fiscal 2024 finances · 144 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.