Home › Compare
The East Tower at Cardinal North Hills and The Oaks at Whitaker Glen compared
Two North Carolina communities about 2 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 East Tower at Cardinal North Hills | The Oaks at Whitaker Glen |
|---|---|---|
| Location | Raleigh, NC | Raleigh, NC |
| Filing used | 2026 statement, fiscal 2025 financesPDF | 2026 statement, fiscal 2025 financesPDF |
| Contract types | Rental | Type C (fee for service) |
| Entrance fee, one person | None: rental | $124,000 to $783,000p. 22p. 24 |
| Monthly fee, independent living | $7,653 to $15,515p. 19 | $2,500 to $6,200p. 21p. 23 |
| Refund plans | None: rental contract | Lineage Plan (existing units); Heritage Plan (existing units); Lineage Plan (expansion units); Heritage Plan (expansion units); Legacy Plan (expansion units)p. 25 |
| Highest guaranteed refund | None: rental contract | 75% of the feep. 25 |
| When a refund is paid | None: rental contract | When your unit is re-occupied and the new resident has paid; In turn, from a fund of new residents' entrance feesp. 25 |
| Days cash on hand | 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). | 171 days (FY2025)p. 2The 171 days hold only by counting the $2,925,704 restricted statutory operating reserve; unrestricted cash was $46,927 at 12/31/2025 (about 3 days). That restricted reserve is below the $3,148,992 required, and the provider counts a $2,587,853 callable note receivable from its ultimate parent, United Health Services, Inc., and a parent guaranty toward the requirement. No debt service in 2023-2025, so coverage is not applicable. The on-campus skilled nursing facility closed in July 2022. |
| Its lenders' minimum | Not disclosed in the 2026 filing | Not disclosed in the 2026 filing |
| Debt service coverage | 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). | Not disclosed in the 2026 filingThe 171 days hold only by counting the $2,925,704 restricted statutory operating reserve; unrestricted cash was $46,927 at 12/31/2025 (about 3 days). That restricted reserve is below the $3,148,992 required, and the provider counts a $2,587,853 callable note receivable from its ultimate parent, United Health Services, Inc., and a parent guaranty toward the requirement. No debt service in 2023-2025, so coverage is not applicable. The on-campus skilled nursing facility closed in July 2022. |
| Independent living occupancy | 98.9% (2025)p. 16 | 60.9% (2025)p. 17 |
| Net position | −$172,750 (FY2025)p. 39 | $6.0 million (FY2025)p. 49 |
| Whose finances | Tower at The Cardinal, LLCp. 39 | Whitaker Glen, Inc.p. 49 |
| Audit opinion | Unmodified (clean) opinion, WithumSmith+Brown, PCp. 39 | Unmodified (clean) opinion, Mauldin & Jenkins, LLCp. 49 |
| Nursing care, CMS rating | 3 of 5 (CMS overall) | No CMS record linked |
What care costs later, in each contract
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
The Oaks at Whitaker Glen
Type C (fee for service): No care is included. The campus has no assisted living or nursing today; residents are admitted to affiliated PruittHealth facilities when a bed is available and pay those facilities' customary rates, and stop paying the monthly service fee after a permanent transfer.p. 18