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Scotia Village and Wesley Pines Retirement Community compared
Two North Carolina communities about 29 miles apart, compared from their own disclosure statements. Tinted rows are where they differ; each page tab opens the filing at the figure.
| Figure | Scotia Village | Wesley Pines Retirement Community |
|---|---|---|
| Location | Laurinburg, NC | Lumberton, 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 | $54,000 to $444,000p. 25 | $82,564 to $191,397p. 31 |
| Monthly fee, independent living | $3,131 to $4,815p. 23p. 24 | $3,424 to $3,559p. 30 |
| Refund plans | Standard; 50% Refundable; 90% Refundable; Range across refund plans (plan not specified)p. 27p. 25 | Standard (0% after 50 months); 50% Return of Capital; 90% Return of Capitalp. 144p. 34 |
| Highest guaranteed refund | 90% of the feep. 27p. 25 | 90% of the feep. 144p. 34 |
| When a refund is paid | When your unit is re-occupied and the new resident has paidp. 27p. 25 | When your unit is re-occupied or after 24 months, whichever is firstp. 144p. 34 |
| Days cash on hand | 248 days (FY2025)p. 38Figures for Scotia Village (community only). FY2025 is a 15-month period (Oct 2024-Dec 2025) after a fiscal-year-end change. The 248 days appears to count Scotia Village's $4.4M statutory operating reserve: its cash ($0.16M) and investments ($6.26M) alone are about 147 days of cash operating expenses (p78, p81). The Brightspire obligated group reports 738 days and 2.08x (p38, p40). | 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 Cypress Glen; it is not a Wesley Pines-only ratio. Consolidated cash and investments ($132.7M, p66) 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 | At least 120 daysp. 19 | At least 250 daysp. 55 |
| Debt service coverage | 6.47x (FY2025)p. 38Figures for Scotia Village (community only). FY2025 is a 15-month period (Oct 2024-Dec 2025) after a fiscal-year-end change. The 248 days appears to count Scotia Village's $4.4M statutory operating reserve: its cash ($0.16M) and investments ($6.26M) alone are about 147 days of cash operating expenses (p78, p81). The Brightspire obligated group reports 738 days and 2.08x (p38, p40). | 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 Cypress Glen; it is not a Wesley Pines-only ratio. Consolidated cash and investments ($132.7M, p66) 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 | 98.41% (2025)p. 21 | 92.6% (2025)p. 25 |
| Net position | $24.3 million (FY2025)p. 79 | $147.4 million (FY2025)p. 66 |
| Whose finances | Scotia Village (Scotia Village column of the Presbyterian Homes combining statement); ratios for Scotia Village (community only)p. 79 | 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. 66 |
| Audit opinion | Unmodified (clean) opinion, Bernard Robinson & Company, L.L.P.p. 79 | Unmodified (clean) opinion, Forvis Mazars, LLPp. 66 |
| Nursing care, CMS rating | 5 of 5 (CMS overall) | 4 of 5 (CMS overall) |
What care costs later, in each contract
Scotia Village
Type B (modified): 14 grace days a year with no per diem (unused days do not carry over), then nursing care at 80% of the published daily rate. The apartment must be surrendered on request 90 days after the grace days run out.p. 126
Wesley Pines 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 independent living monthly fee. After a permanent move the resident pays the assisted living fee or nursing per diem at the published rate; continuing care residents take priority when there is an assisted living waitlist.p. 23