Financial security at Carol Woods is all about peace of mind about the future—about how Carol Woods’ financial strength impacts your personal financial situation over time. As the oldest retirement community in Chapel Hill, Carol Woods has a 28-year history of fiscal responsibility that has translated into steady and predictable annual fee increases. Taking a look at Carol Woods’ history can be a helpful barometer of future financial security.

• Over the past twelve years, Carol Woods’ annual increase in monthly service fees have averaged between 3% and 4 %.
  
• Over the past twelve years, the assisted living and skilled nursing per diems charged to Carol Woods’ residents have increased an average of $2-$3/day per year.
  
• Steady fee increases have been achieved while sustaining an Actuarial Funded Status of at least 105% over time. This measure considers Carol Woods' current resident population, and gauges the actuarial prospect that Carol Woods' current financial status combined with future fees from those residents will be sufficient to provide a lifetime of care and service to our residents. 105% Funded Status projects that Carol Woods can meet its future obligations to current residents, with a desirable 5% cushion.
  
• The Carol Woods Resident Assistance Fund is a charitable fund that provides financial assistance to residents whose assets have been depleted over time. The Resident Assistance Fund is supported through charitable gifts and provides a safety net for Carol Woods’ residents.
  
• In 2001 Carol Woods received an "A" credit rating from Standard & Poors (S&P), a rating that S&P has reaffirmed each subsequent year. In making a rating determination, S&P considers an organization's financial strength, projected financial performance, market demand, and the capability of its governing Board and senior management.