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The Cedars of Chapel Hill and Pittsboro Christian Village compared
Two North Carolina communities about 16 miles apart, compared from their own disclosure statements. Tinted rows are where they differ; each page tab opens the filing at the figure.
| Figure | The Cedars of Chapel Hill | Pittsboro Christian Village |
|---|---|---|
| Location | Chapel Hill, NC | Pittsboro, NC |
| Filing used | 2026 statement, fiscal 2025 financesPDF | 2026 statement, fiscal 2025 financesPDF |
| Contract types | Equity | Type C (fee for service) |
| Entrance fee, one person | Purchase + membership fee | $3,500 to $155,000p. 36p. 20 |
| Monthly fee, independent living | $5,255 to $6,940p. 20 | $2,000 to $2,875p. 19 |
| Refund plans | Not disclosed in the 2026 filing | Refundable Resident Entry Fee (RREF); Non-refundable entrance fee ($3,500)p. 22p. 36 |
| Highest guaranteed refund | Not disclosed in the 2026 filing | 0% of the feep. 22p. 36 |
| When a refund is paid | Not disclosed in the 2026 filing | When your unit is re-occupied and the new resident has paidp. 22p. 36 |
| Days cash on hand | 88.1 days (FY2025)p. 2Days cash counts restricted cash held as the NC statutory operating reserve (FS-1 note 1, p2). Unrestricted cash alone was $445,499 at 12/31/2025, about 9 days of 2025 expenses. Section 29.1 (p26) states 81 days at year-end, which FS-1 shows for FY2024. | 272 days (FY2025)p. 2The document gives three figures: 272 days (Table FS-1), 297 days on $1,648,102 (Section 29.1) and $1,505,266 of unrestricted cash and investments (Tables 29.1-29.2). The audited balance sheet shows $1,608,024 of cash ($1,020,404) and investments ($587,620), which is about 189 days of 2025 cash expenses; 272 is reached only by also counting the $755,000 statutory operating reserve held as an asset limited as to use (about 278 days). |
| Its lenders' minimum | Not disclosed in the 2026 filing | Not disclosed in the 2026 filing |
| Debt service coverage | Not disclosed in the 2026 filingDays cash counts restricted cash held as the NC statutory operating reserve (FS-1 note 1, p2). Unrestricted cash alone was $445,499 at 12/31/2025, about 9 days of 2025 expenses. Section 29.1 (p26) states 81 days at year-end, which FS-1 shows for FY2024. | 8.44x (FY2025)p. 2The document gives three figures: 272 days (Table FS-1), 297 days on $1,648,102 (Section 29.1) and $1,505,266 of unrestricted cash and investments (Tables 29.1-29.2). The audited balance sheet shows $1,608,024 of cash ($1,020,404) and investments ($587,620), which is about 189 days of 2025 cash expenses; 272 is reached only by also counting the $755,000 statutory operating reserve held as an asset limited as to use (about 278 days). |
| Independent living occupancy | 100% (2025)p. 16 | 91.5% (2025)p. 32 |
| Net position | $6.7 million (FY2025)p. 38 | $5.9 million (FY2025)p. 43 |
| Whose finances | The Cedars of Chapel Hill Club, Inc.p. 38 | Pittsboro Christian Village, Inc.p. 43 |
| Audit opinion | Unmodified (clean) opinion, Hawley, C.P.A., P.A.p. 38 | Unmodified (clean) opinion, Foard and Company, P.A.p. 43 |
| Nursing care, CMS rating | 4 of 5 (CMS overall) | No CMS record linked |
What care costs later, in each contract
The Cedars of Chapel Hill
Equity: Each Member gets 90 cumulative lifetime days of assisted living or nursing in DuBose Health Center without extra charge beyond the Monthly Payment, meals and supplies. After that the Member pays the Member rate in addition to the Monthly Payment, and keeps Member rates even if the home is sold; if DuBose has no bed, the Club pays any increased charge at another facility.p. 120
Pittsboro Christian Village
Type C (fee for service): Assisted living is paid at the Care Home monthly rate; independent residents can use it short term (up to 180 days, when beds are available) at a reduced rate the document does not quantify. The community has no skilled nursing.p. 19