Newbridge On The Charles

Our Mission

AT SEPTEMBER 30, 2013, NEWBRIDGEON THE CHARLES HAD A NEGATIVE ACCUMULATED NET ASSET BALAN CE OF $(89,270,776) NEWBRIDGE ON THE CHA RLES OPERATES A CONTINUING CARE RETIREMENT COMMUN ITY (CCRC) IT IS THE NATURE OF CCRC ORGANIZATIONS TO HAVE NEGATIVE NET ASSET BALANCES BEC AUSE OF THE NATURE OF THEIR FINANCING WHEN NEW RESIDENTS MOVE INTO A CCRC, THEY PAY ENTRA NCE FEE THAT IS 50-90% (GENERALLY 90%) REFUNDABLE AT THE TERMINATION OF THE CONTRACT.