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The Glebe and Brandon Oaks compared
Two Virginia communities about 12 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 Glebe | Brandon Oaks |
|---|---|---|
| Location | Daleville, VA | Roanoke, VA |
| Filing used | 2026 statement, fiscal 2025 financesPDF | 2023 statement, fiscal 2022 financesPDF |
| Contract types | Type A (life care), Type B (modified) | Type A (life care), Type B (modified) |
| Entrance fee, one person | $165,000 to $875,000p. 14 | $76,900 to $697,700p. 90 |
| Monthly fee, independent living | $3,726 to $6,954p. 14 | $3,008 to $6,408p. 90 |
| Refund plans | Standard Refundable; 90% Refundablep. 86 | Traditional; 50% Refundable; 90% Refundablep. 17 |
| Highest guaranteed refund | 90% of the feep. 86 | 90% of the feep. 17 |
| When a refund is paid | When your unit is re-occupied and the new resident has paidp. 86 | Within a fixed number of days; When your unit is re-occupied and the new resident has paidp. 17 |
| Days cash on hand | 266 days (FY2025, interim)p. 98Figures for LifeSpire of Virginia Obligated Group. | 301 days (FY2022)p. 137Figures for Brandon Oaks (DSC); Virginia Lutheran Homes Obligated Group (days cash). Days cash on hand is for the Obligated Group (VLH corporate plus Brandon Oaks), from audit supplementary schedules; debt service coverage is Brandon Oaks alone (Obligated Group 1.39x). |
| Its lenders' minimum | At least 120 daysp. 23 | At least 120 daysp. 123 |
| Debt service coverage | 2.31x (FY2025, interim)p. 98Figures for LifeSpire of Virginia Obligated Group. | 1.43x (FY2022)p. 137Figures for Brandon Oaks (DSC); Virginia Lutheran Homes Obligated Group (days cash). Days cash on hand is for the Obligated Group (VLH corporate plus Brandon Oaks), from audit supplementary schedules; debt service coverage is Brandon Oaks alone (Obligated Group 1.39x). |
| Independent living occupancy | 97.5% (2025)p. 22 | 84.9% (2022)p. 141 |
| Net position | −$7.9 million (FY2025)p. 98 | −$17.8 million (FY2022)p. 141 |
| Whose finances | Virginia Baptist Homes, Inc. dba LifeSpire of Virginia and Subsidiaries (consolidated); ratios for LifeSpire of Virginia Obligated Groupp. 98 | Brandon Oaks (Virginia Lutheran Homes, Inc. column); ratios for Brandon Oaks (DSC); Virginia Lutheran Homes Obligated Group (days cash)p. 141 |
| Audit opinion | Unmodified (clean) opinion, CliftonLarsonAllen LLPp. 98 | Unmodified (clean) opinion, Brown Edwardsp. 141 |
| Nursing care, CMS rating | 5 of 5 (CMS overall) | 5 of 5 (CMS overall) |
What care costs later, in each contract
The Glebe
Type A (life care): Life-Care residents keep paying their independent-living monthly fee in assisted living, memory support or the Health Care Center, plus two extra meals a day and ancillary charges. If a bed is not available, residents get priority admittance when a room opens.p. 78
Type B (modified): Fee for Service residents pay the published daily rate for assisted living, memory support and the Health Care Center, less 10%. If a bed is not available, residents get priority admittance when a room opens.p. 45
Brandon Oaks
Type A (life care): Life care residents who move to assisted living, memory care or nursing keep paying their Monthly Service Fee plus two extra meals a day, with priority for admission over the outside community.p. 15
Type B (modified): Covers 365 cumulative days of assisted living or nursing at the prevailing monthly fee (after Medicare or insurance pays its part); after that care is charged at private pay rates. Entrance fees are $25,000 lower (single) than the matching life care plan.p. 54