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Brookdale Carriage Club Providence and Matthews Glen compared
Two North Carolina communities about 3 miles apart, compared from their own disclosure statements. Tinted rows are where they differ; each page tab opens the filing at the figure.
| Figure | Brookdale Carriage Club Providence | Matthews Glen |
|---|---|---|
| Location | Charlotte, NC | Matthews, NC |
| Filing used | 2026 statement, fiscal 2025 financesPDF | 2026 statement, fiscal 2025 financesPDF |
| Contract types | Rental | Type A (life care) |
| Entrance fee, one person | None: rental | $196,900 to $1,006,900p. 31p. 32 |
| Monthly fee, independent living | $4,285 to $7,530p. 22p. 23 | $2,906 to $7,437p. 30 |
| Refund plans | None: rental contract | Declining Balance (0% after 50 months)p. 173 |
| Highest guaranteed refund | None: rental contract | 0% of the feep. 173 |
| When a refund is paid | None: rental contract | Within a fixed number of daysp. 173 |
| Days cash on hand | 429 days (FY2025)p. 2Counts $24.2M of cash (p30): $12.5M cash plus $11.7M the balance sheet shows as restricted cash (the DOI operating reserve and lender reserves, p48). Cash alone would cover about 221 days of the same expenses. The provider keeps no operating cash of its own; operations are funded through the parent, which took $5.4M in net member distributions in 2025 (p46, p48). | 256 days (FY2025)p. 2Figures for ACTS Retirement-Life Communities, Inc. (Obligated Group). Figures are for the whole ACTS obligated group, which runs many communities. ACTS Retirement-Life Communities, Inc. alone (provider only) reports 257 days cash and 3.42x coverage for FY2025 (p45, p47). The group's $395.2M of unrestricted cash and investments (p40) is $74.0M more than cash plus board-designated funds on the balance sheet ($321.2M, p57); the document does not say what the difference is. On cash and board-designated funds alone, days cash ≈ 208 (cash operating expenses including interest, p58). |
| Its lenders' minimum | Not disclosed in the 2026 filing | At least 90 daysp. 46 |
| Debt service coverage | 2.40x (FY2025)p. 2Counts $24.2M of cash (p30): $12.5M cash plus $11.7M the balance sheet shows as restricted cash (the DOI operating reserve and lender reserves, p48). Cash alone would cover about 221 days of the same expenses. The provider keeps no operating cash of its own; operations are funded through the parent, which took $5.4M in net member distributions in 2025 (p46, p48). | 3.31x (FY2025)p. 2Figures for ACTS Retirement-Life Communities, Inc. (Obligated Group). Figures are for the whole ACTS obligated group, which runs many communities. ACTS Retirement-Life Communities, Inc. alone (provider only) reports 257 days cash and 3.42x coverage for FY2025 (p45, p47). The group's $395.2M of unrestricted cash and investments (p40) is $74.0M more than cash plus board-designated funds on the balance sheet ($321.2M, p57); the document does not say what the difference is. On cash and board-designated funds alone, days cash ≈ 208 (cash operating expenses including interest, p58). |
| Independent living occupancy | 85.8% (2025)p. 19 | 94.2% (2025)p. 27 |
| Net position | $27.3 million (FY2025)p. 43 | $229.4 million (FY2025)p. 57 |
| Whose finances | ARCLP – Charlotte, LLC d/b/a Brookdale Carriage Club Providence (stand-alone); ratios for ARCLP – Charlotte, LLC (provider only)p. 43 | ACTS Retirement-Life Communities, Inc. (Obligated Group), special-purpose combined; ratios for ACTS Retirement-Life Communities, Inc. (Obligated Group)p. 57 |
| Audit opinion | Unmodified (clean) opinion, LBMC, PCp. 43 | Unmodified (clean) opinion, Baker Tilly US, LLPp. 57 |
| Nursing care, CMS rating | 5 of 5 (CMS overall) | 5 of 5 (CMS overall) |
What care costs later, in each contract
Brookdale Carriage Club Providence
Rental: Assisted living (Coach House), memory care (the Arbors) and the healthcare center are on campus and available at an additional fee to the extent space is available. No care days, discount or priority are promised in the contract.p. 20
Matthews Glen
Type A (life care): Assisted living (OakBridge Terrace) and routine/skilled nursing (WillowBrooke Court) are provided as part of the Monthly Fee, so the monthly fee does not change on a move to a higher level of care. Ancillaries (medications, therapy, physician services, supplies) and a private nursing room can cost extra.p. 154