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Friends Homes Guilford and Friends Homes West compared
Two North Carolina communities about 1 miles apart, compared from their own disclosure statements. Tinted rows are where they differ; each page tab opens the filing at the figure.
| Figure | Friends Homes Guilford | Friends Homes West |
|---|---|---|
| Location | Greensboro, NC | Greensboro, NC |
| Filing used | 2026 statement, fiscal 2025 financesPDF | 2026 statement, fiscal 2025 financesPDF |
| Contract types | Type C (fee for service) | Type C (fee for service) |
| Entrance fee, one person | $30,000 to $416,000p. 28 | $139,000 to $510,000p. 27 |
| Monthly fee, independent living | $2,119 to $4,841p. 26p. 25 | $3,343 to $5,305p. 25 |
| Refund plans | Standard; Woolman/Fox (Nonrefundable)p. 94p. 95 | Standardp. 94 |
| Highest guaranteed refund | 0% of the feep. 94p. 95 | 0% of the feep. 94 |
| When a refund is paid | When your unit is re-occupied and the new resident has paidp. 94p. 95 | When your unit is re-occupied and the new resident has paidp. 94 |
| Days cash on hand | 741 days (FY2025)p. 2Figures for Friends Homes, Inc., provider only (sole member of its own obligated group) — Friends Homes Guilford and Friends Homes West combined. Ratios cover Friends Homes Guilford and Friends Homes West together. The 741 days counts the $12.9M held as the statutory operating reserve (Table 29.2 gives unrestricted cash and investments of $83.7M). Cash and investments alone ($70.7M) cover about 627 days of FY2025 cash operating expenses. | 741 days (FY2025)p. 2Figures for Friends Homes, Inc., provider only (sole member of its own obligated group) — Friends Homes Guilford and Friends Homes West combined. Ratios cover Friends Homes Guilford and Friends Homes West together. The 741 days counts the $12.9M held as the statutory operating reserve (Table 29.2 gives unrestricted cash and investments of $83.7M). Cash and investments alone ($70.7M) cover about 627 days of FY2025 cash operating expenses. |
| Its lenders' minimum | At least 120 daysp. 20 | At least 120 daysp. 20 |
| Debt service coverage | 2.50x (FY2025)p. 2Figures for Friends Homes, Inc., provider only (sole member of its own obligated group) — Friends Homes Guilford and Friends Homes West combined. Ratios cover Friends Homes Guilford and Friends Homes West together. The 741 days counts the $12.9M held as the statutory operating reserve (Table 29.2 gives unrestricted cash and investments of $83.7M). Cash and investments alone ($70.7M) cover about 627 days of FY2025 cash operating expenses. | 2.50x (FY2025)p. 2Figures for Friends Homes, Inc., provider only (sole member of its own obligated group) — Friends Homes Guilford and Friends Homes West combined. Ratios cover Friends Homes Guilford and Friends Homes West together. The 741 days counts the $12.9M held as the statutory operating reserve (Table 29.2 gives unrestricted cash and investments of $83.7M). Cash and investments alone ($70.7M) cover about 627 days of FY2025 cash operating expenses. |
| Independent living occupancy | 99% (2025)p. 22 | 99% (2025)p. 22 |
| Net position | $63.6 million (FY2025)p. 51 | $63.6 million (FY2025)p. 51 |
| Whose finances | Friends Homes, Inc. — Friends Homes Guilford and Friends Homes West campuses combined (one audited balance sheet); ratios for Friends Homes, Inc., provider only (sole member of its own obligated group) — Friends Homes Guilford and Friends Homes West combinedp. 51 | Friends Homes, Inc. — Friends Homes Guilford and Friends Homes West campuses combined (one audited balance sheet); ratios for Friends Homes, Inc., provider only (sole member of its own obligated group) — Friends Homes Guilford and Friends Homes West combinedp. 51 |
| Audit opinion | Unmodified (clean) opinion, Turlington and Company, L.L.P.p. 51 | Unmodified (clean) opinion, Turlington and Company, L.L.P.p. 51 |
| Nursing care, CMS rating | 5 of 5 (CMS overall) | No CMS record linked |
What care costs later, in each contract
Friends Homes Guilford
Type C (fee for service): A resident moving to assisted living or nursing pays the community's published per diem rate plus ancillary charges, and keeps paying the independent living monthly charge unless and until the unit is surrendered (it must be surrendered on request after 90 days). No days of care are included and no discount is stated.p. 89
Friends Homes West
Type C (fee for service): A resident moving to assisted living or nursing pays the community's published per diem rate plus ancillary charges, and keeps paying the independent living monthly charge unless and until the unit is surrendered (it must be surrendered on request after 90 days). No days of care are included and no discount is stated.p. 89