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Ashby Ponds and Falcons Landing compared
Two Virginia communities about 4 miles apart, compared from their own disclosure statements. Tinted rows are where they differ; each page tab opens the filing at the figure.
| Figure | Ashby Ponds | Falcons Landing |
|---|---|---|
| Location | Ashburn, VA | Potomac Falls, VA |
| Filing used | 2024 statement, fiscal 2023 financesPDF | 2025 statement, fiscal 2024 financesPDF |
| Contract types | Type C (fee for service) | Type B (modified), Type C (fee for service) |
| Entrance fee, one person | $274,000 to $1,417,000p. 102 | $22,800 to $877,600p. 98p. 99 |
| Monthly fee, independent living | $2,988 to $5,004p. 102 | $4,100 to $7,960p. 98p. 99 |
| Refund plans | 90% Refund Amountp. 25 | Plan 0; Plan 50; Plan 95p. 42 |
| Highest guaranteed refund | 90% of the feep. 25 | 95% of the feep. 42 |
| When a refund is paid | In turn, from a fund of new residents' entrance feesp. 25 | Within a fixed number of daysp. 42 |
| Days cash on hand | 137 days (FY2023, calculated)p. 114 | 316 days (FY2024, calculated)p. 110 |
| Its lenders' minimum | Not disclosed in the 2024 filing | Not disclosed in the 2025 filing |
| Debt service coverage | Not disclosed in the 2024 filing | Not disclosed in the 2025 filing |
| Independent living occupancy | 97.4% (2023)p. 192 | Not disclosed in the 2025 filing |
| Net position | −$88.0 million (FY2023)p. 114 | $12.8 million (FY2024)p. 110 |
| Whose finances | Ashby Ponds, Inc.p. 114 | Air Force Retired Officers Community - Washington, D.C.p. 110 |
| Audit opinion | Unmodified (clean) opinion, PricewaterhouseCoopers LLPp. 114 | Unmodified (clean) opinion, Plante & Moran, PLLCp. 110 |
| Nursing care, CMS rating | 4 of 5 (CMS overall) | 5 of 5 (CMS overall) |
What care costs later, in each contract
Ashby Ponds
Type C (fee for service): Residents who move to assisted living, memory care or nursing pay that level's monthly package or daily rate; there is no life-care discount. If those units are full, the Medical Director arranges services in the resident's apartment or a transfer to an off-site facility.p. 104
Falcons Landing
Type B (modified): Continuing Care contract holders pay set resident daily rates in the health center that are half the direct-admission rates charged to Fee for Service residents (e.g. nursing $200 vs $400 a day), with no limit on how long the discounted rates apply.p. 102
Type C (fee for service): Fee for Service residents pay the full direct-admission daily rate for all non-Medicare health center stays.p. 103