WhiteStone: A Masonic and Eastern Star Community
700 South Holden Road, Greensboro, North Carolina 27407 · Community website
- Operator:
- The Masonic and Eastern Star Home of North Carolina, Incorporated (managed by Life Care Services LLC)
- Ownership:
- Nonprofit
- Affiliation:
- Masonic: The Grand Lodge of Ancient Free and Accepted Masons of North Carolina appoints 12 and The Grand Chapter Order of The Eastern Star of North Carolina 8 of the 20 directors; neither is responsible for its obligations; no religious affiliation
- Opened:
- 1912
- 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
- Range across refund plans (plan not specified)Terms not disclosed in the 2026 filing
- Traditional (0% after 50 months)Can decline to nothing
- 50% Return-of-CapitalNever less than 50% of the fee
- 90% Return-of-CapitalNever less than 90% of the fee
Days cash on hand
Read the note on this figure
The reported 302 days only holds by counting reserves: cash ($4.3M) and investments ($11.8M) on the audited balance sheet are about 208 days of 2025 cash operating expenses (p44, p45); adding the $6.1M NC DOI operating reserve and $0.9M board-designated for entrance fee refunds (p55) gives about 297 days. The statement's own unrestricted cash figure is given as both $18,964,908 (p31) and $18,375,352 (p32). The 18.1% statutory net operating margin sits beside an audited 2025 operating loss of $2,564,421 under GAAP (p45).
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)
Each resident gets 30 days a year of care in the Community Health Center without the per diem charge, while still living in the residence; days are per person, do not carry over and cannot be combined. Beyond those days, and after a permanent move (when the residence is surrendered and the monthly fee stops), the resident pays the Health Center's published rates. Residents get priority over non-residents for admission.p. 97
- Assisted living
- After the 30 annual days, assisted living private room $8,176 a month; memory care private room $337 a day (2026)
- Nursing care
- After the 30 annual days, semi-private $396 a day, private $449 a day (2026)
- Care days included
- 30
- Priority for a bed
- Yes, residents come before outside admissions
| Independent living | 210 |
|---|---|
| Assisted living | 24 |
| Memory care | 12 |
| Nursing care | 88 |
Entrance fees
One-person prices as the filing lists them, by contract. A second person usually pays the extra amount shown.
Residency Agreement (Traditional, 50% or 90% Return-of-Capital) · Type B (modified) (8 prices, $30,900 to $510,803)
| Unit | Refund plan | Price, one person | Second person |
|---|---|---|---|
| One bedroom | Range across refund plans (plan not specified) | $30,900 to $214,794p. 22 | Not listed |
| One bedroom with den | Range across refund plans (plan not specified) | $228,686 to $251,507p. 22 | Not listed |
| Two bedrooms | Range across refund plans (plan not specified) | $281,049 to $306,242p. 22 | Not listed |
| Two bedrooms with den | Range across refund plans (plan not specified) | $388,980 to $510,803p. 22 | Not listed |
| Two bedrooms with sunroom | Range across refund plans (plan not specified) | $319,519 to $320,506p. 22 | Not listed |
| One bedroom cottage | Range across refund plans (plan not specified) | $139,359p. 22 | Not listed |
| Two bedroom cottage | Range across refund plans (plan not specified) | $162,698p. 22 | Not listed |
| Two bedroom villa | Range across refund plans (plan not specified) | $361,302 to $386,302p. 22 | Not listed |
Monthly fees
What residents pay each month, by contract and level of care. A second person adds the amount shown.
Residency Agreement (Traditional, 50% or 90% Return-of-Capital) · Type B (modified) (9 prices, $3,788 to $8,176)
| Unit | Level of care | Per month, one person | Second person |
|---|---|---|---|
| One bedroom | Independent living | $3,836 to $4,403p. 21 | $1,300 |
| One bedroom with den | Independent living | $4,207 to $4,459p. 21 | $1,300 |
| Two bedrooms | Independent living | $4,706 to $4,802p. 21 | $1,300 |
| Two bedrooms with den | Independent living | $4,867 to $5,843p. 21 | $1,300 |
| Two bedrooms with sunroom | Independent living | $4,942 to $4,952p. 21 | $1,300 |
| One bedroom cottage | Independent living | $3,788p. 21 | $1,300 |
| Two bedroom cottage | Independent living | $4,149p. 21 | $1,300 |
| Two bedroom villa | Independent living | $4,927p. 21 | $1,300 |
| Assisted Living Care - Private Room | Assisted living | $8,176p. 21 | 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. 22 |
| 2024 | Independent living | All units | 9% | Percent onlyp. 22 |
| 2023 | Independent living | All units | 8.5% | Percent onlyp. 22 |
| 2022 | Independent living | All units | 5% | Percent onlyp. 22 |
| 2021 | Independent living | All units | 4% | Percent onlyp. 22 |
Refunds
What comes back from the entrance fee when you leave or die, and when it is paid.
Range across refund plans (plan not specified)p. 22
The published entrance fee ranges do not say which of the three refund plans they apply to; see the Traditional, 50% and 90% plans for the refund terms.
- 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
- No limit stated
- Paid
- Not disclosed in the 2026 filing
Traditional (0% after 50 months)p. 154
The repayment is the entrance fee less 2% for each month of residency, so nothing is repaid after 50 months. Repayment is made within 60 days after a new resident has reserved your residence and paid in full, or within 24 months of cancellation if it is not re-reserved.
- Kept on move-in
- 0% of the fee
- Declines by
- 2% a month for 50 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
50% Return-of-Capitalp. 104
You are repaid 96% of the entrance fee less 2% a month for up to 23 months, so the repayment never falls below 50%. Repayment is made within 60 days after a new resident has reserved your residence and paid in full, or within 24 months of cancellation if it is not re-reserved.
- Kept on move-in
- 4% of the fee
- Declines by
- 2% a month for 23 months
- Never less than
- 50% of the fee
- Longest wait
- 24 months
- Paid
- When your unit is re-occupied or after 24 months, whichever is first
90% Return-of-Capitalp. 129
You are repaid 96% of the entrance fee less 2% a month for up to 3 months, so the repayment never falls below 90%. Repayment is made within 60 days after a new resident has reserved your residence and paid in full, or within 24 months of cancellation if it is not re-reserved.
- Kept on move-in
- 4% of the fee
- Declines by
- 2% a month for 3 months
- Never less than
- 90% of the fee
- Longest wait
- 24 months
- Paid
- When your unit is re-occupied or after 24 months, whichever is first
Refund calculator
Estimated refund: 0%
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.
- Balance sheet: The Masonic and Eastern Star Home of North Carolina, Incorporated (WhiteStone).
- Ratios: The Masonic and Eastern Star Home of North Carolina, Incorporated (provider only; no obligated group).
Days cash on hand
302 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
1.40x 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 figuresThe reported 302 days only holds by counting reserves: cash ($4.3M) and investments ($11.8M) on the audited balance sheet are about 208 days of 2025 cash operating expenses (p44, p45); adding the $6.1M NC DOI operating reserve and $0.9M board-designated for entrance fee refunds (p55) gives about 297 days. The statement's own unrestricted cash figure is given as both $18,964,908 (p31) and $18,375,352 (p32). The 18.1% statutory net operating margin sits beside an audited 2025 operating loss of $2,564,421 under GAAP (p45).
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. 44 | FY2024p. 2 | FY2023p. 2 |
|---|---|---|---|
| Days cash on hand | 302 days | 250 days | 267 days |
| Debt service coverage | 1.40x | 5.58x | 1.41x |
| Operating margin | 18.1% | 2.9% | -8.2% |
| Total assets | $135.4 million | $132.9 million | Not disclosed |
| Total liabilities | $124.5 million | $125.4 million | Not disclosed |
| Long-term debt | $80.1 million | $81.2 million | Not disclosed |
| Entrance fees not yet earned (deferred revenue) | $32.5 million | $31.6 million | Not disclosed |
| Refunds owed to residents (refundable fee liability) | $6.8 million | $7.7 million | Not disclosed |
| Net position (assets minus liabilities) | $10.9 million | $7.5 million | Not disclosed |
Auditor: Baker Tilly US, LLP. Opinion: Unmodified (clean) opinionp. 44
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
- 4 of 5
- Health inspections
- 4 of 5
- Staffing
- 4 of 5
- Quality measures
- 4 of 5
Fines recorded by CMS: 1 totalling $25,490. Health citations since 2023-10-16: 6. Whitestone a Masonic and Eastern Star Community on Care Compare
In brief
WhiteStone in Greensboro, founded by North Carolina's Masons and Eastern Star in 1912, has about 210 independent living apartments, cottages and houses plus assisted living, memory care and a licensed 88-bed nursing center, managed by Life Care Services. Its three Residency Agreements include 30 days a year of Health Center care, then published rates, and differ in refund: Traditional (nothing after 50 months), 50% or 90% Return-of-Capital. 2026 entrance fees are published as ranges from $30,900 (the low end of the one-bedroom range; the next-lowest price printed is $139,359) to $510,803, without saying which refund plan they apply to, with monthly fees of $3,788-$5,843 plus $1,300 for a second person.PDF
Nearest communities in North Carolina
- Friends Homes Guilford
Greensboro · 3 miles away
Entrance fee: $30,000 to $416,000
- Friends Homes West
Greensboro · 3 miles away
Entrance fee: $139,000 to $510,000
- Well-Spring, A Life Plan Community
Greensboro · 5 miles away
Entrance fee: $138,000 to $648,000
Sources
- WhiteStone: A Masonic and Eastern Star Community — 2026 Disclosure StatementNorth Carolina Department of Insurance · filed 2026, fiscal 2025 finances · 165 pages · retrieved 2026-10-15
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