Frequently Asked Questions about Redstone Village
Learn more about our continuing care retirement community.
Why is Redstone Village designated as a not-for-profit organization/community?
Redstone Village is a 501(c) 3 not-for-profit community because it complies with the definition provided by the Internal Revenue Service for organizations like Redstone Village, which are entitled to tax exemption and has a Board which serves voluntarily (without compensation). By providing funding for those who would otherwise no longer have sufficient financial resources to continue living at the community, Redstone Village also offers a charitable aspect. Lastly, as is common practice for most not-profit entities, Redstone Village reinvests any excess revenue back into the community for its benefit and improvement and for those of its residents.
Who sponsors and stands behind Redstone Village?
Redstone Village is sponsored by the Redstone Military Retirement Residence Association and its board of directors, who are committed to fulfilling the needs and desires of its residents, as well as to follow the mission statement established at the inception of Redstone Village. The board is comprised entirely of local members and officers who reside in the greater Huntsville area.
How large is the campus?
Redstone Village is sprawled over 114 acres and nestled atop Farley Mountain in southeast Huntsville in the foothills of the Appalachians. Surrounded by beautiful mountain views, Redstone Village offers a commons area of nearly 10,000 sq ft; plus an indoor aquatics center. There are 127 private apartment homes in 15 different floor plans, each of which includes a reserved underground parking garage space; 21 villa homes (each includes an attached 2-car garage) and four overnight guest suites for company to stay in. The top-rated health care center in the area includes 48 private assisted living residences (Grandview); 48 private memory support residences (Grandview Gardens); and 56 private skilled nursing suites, as well as four shared/companion accommodations (Fairview).
What about my pet(s)?
We fully recognize the importance of pets in the lives of residents, and we welcome pets that you agree to care for yourself while they reside with you at Redstone Village. Community guidelines regarding pets will be provided.
Why do people decide to live at Redstone Village? What are the benefits they like most?
Communities such as Redstone Village are referred to (nationally) as a Life Plan community, meaning Redstone Village assures individuals of quality of life regardless of future health difficulties. Planning for the future is less worrisome with this peace of mind, which in turn provides you more time to do the things that matter most. Some residents even feel this has allowed them to live longer, healthier and more satisfying lives. By living at Redstone Village, many residents find their circle of friends has grown almost exponentially, fulfilling an important part of their retirement dreams.
Why did Redstone Village choose to include Life Care protection with each of its residences?
Redstone Village and its not-for-profit board of directors decided to offer a comprehensive way of addressing and covering the “what-ifs” of life. While everyone hopes not to require the use of the Life Care guarantee, it provides a greater peace of mind in the case of life changes.
What is meant when Redstone Village offers a 90% refundable plan? And what other financial plans are offered?
The refund plan means that you (or your estate) will be entitled to receive 90% of the entrance fee you paid upon entry for residing at Redstone Village once no longer living at Redstone Village, either due to death or the decision to move elsewhere at any point. Redstone Village also offers a traditional amortizing plan in which the entrance fee will be refundable to the resident on a declining basis over a specified period of time.
How are both the entry fee and the monthly services fees qualified as tax deductible?
Each year, according to the proportion of dollars used to operate each of Redstone Village’s health care center, a certain percentage of the entry fee (if paid that particular year) and monthly services fees (paid each and every year) is eligible for use as a tax deduction under the category of pre-paid medical expenses. Once the percentage amount is determined, it is then released to each resident for tax preparation purposes.
Has Redstone Village completed any expansions?
Yes, Redstone Village has completed not only a new residential expansion but also additional assisted living and memory support residences.
What kinds of customizations, finishes and upgrades are possible?
For those who’d like to put their own stamp on their new residence, Redstone Village offers a Selection Display Studio where individuals can choose finishes reflecting their personal tastes and preferences before ever moving in.
What is the difference between a villa and a cottage home?
The villas are free-standing, single-family homes, while the cottages have a shared wall along the 2-car garage that adjoins to another Cottage. Each is of equal size and similar layout.
What voice/input opportunities do Redstone Village residents have?
The Residents Council, with its many sub-committees, makes recommendations, advises and provides an all-important resident perspective to the management team and to the board of directors.
Are there volunteering opportunities at Redstone Village or in the greater community?
We are proud to support the many residents who wish to find that extra dimension of purpose, meaningfulness and fulfillment through the contribution of their time and energies in volunteer work throughout the greater Huntsville area. Opportunities are also available within the Redstone Village campus itself.
Do you accept donations in memory of friends or loved ones?
To make a donation to our Benevolent Fund in honor of or in memory of a loved one, please contact our business office at (800) 724-5535. All donations are greatly appreciated as these funds assist residents who have a financial need.