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Cypress Glen Retirement Community and The East Tower at Cardinal North Hills compared
Two North Carolina communities about 74 miles apart, compared from their own disclosure statements. Tinted rows are where they differ; each page tab opens the filing at the figure.
| Figure | Cypress Glen Retirement Community | The East Tower at Cardinal North Hills |
|---|---|---|
| Location | Greenville, NC | Raleigh, NC |
| Filing used | 2026 statement, fiscal 2025 financesPDF | 2026 statement, fiscal 2025 financesPDF |
| Contract types | Type B (modified) | Rental |
| Entrance fee, one person | $24,156 to $408,720p. 33p. 34 | None: rental |
| Monthly fee, independent living | $2,505 to $7,148p. 29p. 31 | $7,653 to $15,515p. 19 |
| Refund plans | Standard (0% after 50 months); 50% Return of Capital; 80% Return of Capital; 90% Return of Capitalp. 147p. 38p. 37 | None: rental contract |
| Highest guaranteed refund | 90% of the feep. 147p. 38p. 37 | None: rental contract |
| When a refund is paid | When your unit is re-occupied or after 24 months, whichever is firstp. 147p. 38p. 37 | None: rental contract |
| Days cash on hand | 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 Croasdaile Village and Wesley Pines; it is not a Cypress Glen-only ratio. Consolidated cash and investments ($132.7M, p70) 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. | 8 days (FY2025)p. 2Cash on hand covered 8 days of operating costs at the end of 2025, 2 days at the end of 2024 and 0 days at the end of 2023 (FS-1, p2): year-end 2025 cash was $538,885 against about $26M a year of expenses, most of it $12.7M rent. The state-required operating reserve is not held as cash or investments; it is met by a $6.8M irrevocable standby letter of credit from Credit Agricole, which cannot be drawn for any purpose, including fee refunds, without regulator approval (pp27-28). |
| Its lenders' minimum | At least 250 daysp. 59 | Not disclosed in the 2026 filing |
| Debt service coverage | 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 Croasdaile Village and Wesley Pines; it is not a Cypress Glen-only ratio. Consolidated cash and investments ($132.7M, p70) 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. | Not disclosed in the 2026 filingCash on hand covered 8 days of operating costs at the end of 2025, 2 days at the end of 2024 and 0 days at the end of 2023 (FS-1, p2): year-end 2025 cash was $538,885 against about $26M a year of expenses, most of it $12.7M rent. The state-required operating reserve is not held as cash or investments; it is met by a $6.8M irrevocable standby letter of credit from Credit Agricole, which cannot be drawn for any purpose, including fee refunds, without regulator approval (pp27-28). |
| Independent living occupancy | 97.2% (2025)p. 25 | 98.9% (2025)p. 16 |
| Net position | $147.4 million (FY2025)p. 70 | −$172,750 (FY2025)p. 39 |
| Whose finances | 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. 70 | Tower at The Cardinal, LLCp. 39 |
| Audit opinion | Unmodified (clean) opinion, Forvis Mazars, LLPp. 70 | Unmodified (clean) opinion, WithumSmith+Brown, PCp. 39 |
| Nursing care, CMS rating | 5 of 5 (CMS overall) | 3 of 5 (CMS overall) |
What care costs later, in each contract
Cypress Glen Retirement Community
Type B (modified): Each resident gets 6 free days a year of assisted living, memory care or nursing 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; continuing care residents take priority when there is an assisted living waitlist.p. 140
The East Tower at Cardinal North Hills
Rental: No care is prepaid. Assisted living is on site at market monthly fees plus point-based care charges; memory care and nursing require moving to the affiliate's Health Center at the adjacent Cardinal at North Hills, which ends this agreement and is fee-for-service.p. 111