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Carol Woods and Croasdaile Village Retirement Community compared
Two North Carolina communities about 8 miles apart, compared from their own disclosure statements. Tinted rows are where they differ; each page tab opens the filing at the figure.
| Figure | Carol Woods | Croasdaile Village Retirement Community |
|---|---|---|
| Location | Chapel Hill, NC | Durham, NC |
| Filing used | 2026 statement, fiscal 2025 financesPDF | 2026 statement, fiscal 2025 financesPDF |
| Contract types | Type B (modified) | Type B (modified) |
| Entrance fee, one person | $116,600 to $671,700p. 196 | $70,619 to $586,998p. 34p. 58 |
| Monthly fee, independent living | $2,905 to $6,858p. 189p. 188 | $2,606 to $6,103p. 30p. 58 |
| Refund plans | Declining Balance (0% after 50 months)p. 152 | Standard (0% after 50 months); 50% Return of Capital; 90% Return of Capitalp. 148p. 39 |
| Highest guaranteed refund | 0% of the feep. 152 | 90% of the feep. 148p. 39 |
| When a refund is paid | When your unit is re-occupied and the new resident has paidp. 152 | When your unit is re-occupied or after 24 months, whichever is firstp. 148p. 39 |
| Days cash on hand | 690 days (FY2025)p. 2The reported 690 days counts the $8.76M statutory operating reserve: Carol Woods' own cash ($0.58M) + investments ($53.62M) + the reserve ($8.76M) = the $62.95M of 'unrestricted cash and investments' the statement cites (p42, p91). Cash and investments alone ($54.2M) on 2025 expenses less depreciation are about 593 days for Carol Woods alone (p91-93) and about 586 days consolidated (p61-62). | 700.69 days (FY2025)p. 2Figures for UMRH Obligated Group (UMRH and The United Methodist Retirement Homes Foundation, Inc.); the same group ratios are reported in the Cypress Glen and Croasdaile Village statements. Group figure for UMRH, which also owns Cypress Glen and Wesley Pines; it is not a Croasdaile-only ratio. Consolidated cash and investments ($132.7M, p72) cover about 598 days of consolidated FY2025 cash operating expenses; the reported 700.69 days could not be reproduced from the statements and may count assets limited as to use such as the $20.1M statutory operating reserve. |
| Its lenders' minimum | Not disclosed in the 2026 filing | At least 250 daysp. 61 |
| Debt service coverage | 1.47x (FY2025)p. 2The reported 690 days counts the $8.76M statutory operating reserve: Carol Woods' own cash ($0.58M) + investments ($53.62M) + the reserve ($8.76M) = the $62.95M of 'unrestricted cash and investments' the statement cites (p42, p91). Cash and investments alone ($54.2M) on 2025 expenses less depreciation are about 593 days for Carol Woods alone (p91-93) and about 586 days consolidated (p61-62). | 3.14x (FY2025)p. 2Figures for UMRH Obligated Group (UMRH and The United Methodist Retirement Homes Foundation, Inc.); the same group ratios are reported in the Cypress Glen and Croasdaile Village statements. Group figure for UMRH, which also owns Cypress Glen and Wesley Pines; it is not a Croasdaile-only ratio. Consolidated cash and investments ($132.7M, p72) cover about 598 days of consolidated FY2025 cash operating expenses; the reported 700.69 days could not be reproduced from the statements and may count assets limited as to use such as the $20.1M statutory operating reserve. |
| Independent living occupancy | 95.6% (2025)p. 23 | 96.9% (2025)p. 26 |
| Net position | $42.0 million (FY2025)p. 61 | $147.4 million (FY2025)p. 72 |
| Whose finances | The Chapel Hill Residential Retirement Center, Inc. (Carol Woods) and The Carol Woods Charitable Fund, Inc. (consolidated); ratios for Carol Woods (provider only, sole member of the obligated group)p. 61 | The United Methodist Retirement Homes, Inc., its Affiliate, and Subsidiaries (consolidated); ratios for UMRH Obligated Group (UMRH and The United Methodist Retirement Homes Foundation, Inc.); the same group ratios are reported in the Cypress Glen and Croasdaile Village statementsp. 72 |
| Audit opinion | Unmodified (clean) opinion, CliftonLarsonAllen LLPp. 61 | Unmodified (clean) opinion, Forvis Mazars, LLPp. 72 |
| Nursing care, CMS rating | 5 of 5 (CMS overall) | 4 of 5 (CMS overall) |
What care costs later, in each contract
Carol Woods
Type B (modified): Each resident accrues 15 Free Days a year, which accumulate without limit and cover the discounted daily charge. Beyond them, residents pay a daily rate that the projections describe as discounted roughly 60-70% from the non-resident rate, plus the monthly fee.p. 145
Croasdaile Village Retirement Community
Type B (modified): Each resident gets 6 free days a year of assisted living or nursing care combined, renewing annually and not accumulating, while still paying the monthly fee. Beyond those days, and after a permanent move, the resident pays the per diem rate for the level of care; continuing care residents take priority when there is an assisted living waitlist.p. 141