Financially AND people strong

Royal Oaks Lifecare Community started as a dream of Dr. J. Davis Illingworth and Mr. Roe Walker. In the winter of 1983, Royal Oaks opened its doors. Through the years, Royal Oaks has made improvements, built new structures, and acquired additional land. The 38-acre campus includes 263 Independent Living Apartments, 110 Independent Living Garden Homes, 59 Assisted Living apartments, and a 125-bed skilled nursing facility.

Royal Oaks is home to approximately 600 residents and maintains a strong and stable financial standing. We have a net worth of over $25 million. Royal Oaks is one of only a handful of communities across the nation that has received an "A" rating from Fitch Ratings, a global credit rating agency.

A tremendous tax benefit is provided to seniors when entering a CCRC. Since the IRS recognizes CCRCs as medical facilities, Lifecare residents are allowed to deduct a certain percentage of the Entrance Fee AND Monthly Service Fee as medical deductions. The percentage is substantial for our residents--the Royal Oak representative will be able to elaborate. We encourage incoming residents to get financial advice on how best to take advantage of this benefit, based on your personal situation. This article from Smart Money magazine may be of interest, as might this article from U.S. News and World Report.

Royal Oaks is a non-profit and residents are assured their fees will come back to them during their life stay. These promises are also backed by the People of Faith Foundation, Inc. which holds over $12 million in investment assets. The reserves are set aside to ensure that no resident, who through no fault of their own becomes unable to make their monthly service fee payment, would be asked to leave. This is an astounding promise, and it has been kept for thousands of Royal Oaks' residents for nearly three decades.