Invest­ing In the Future

Over the past sev­en years, Friend­ship Senior Options has invest­ed over $250 mil­lion in cap­i­tal improve­ments to improve the oper­at­ing per­for­mance of our two com­mu­ni­ties and enhance the abil­i­ty of the orga­ni­za­tion to meet the needs of old­er adults — now and in the future.

Every year the num­ber of seniors in our pop­u­la­tion increas­es. By 2050, it’s esti­mat­ed that there will be 2 bil­lion peo­ple over 60 in the world.

That means the need for liv­ing options and health­care ser­vices will be greater than ever. With fore­sight into these grow­ing needs, we are mak­ing smart finan­cial deci­sions that will posi­tion us for growth while allow­ing us to be fis­cal­ly respon­si­ble with our cur­rent assets.

We pride our­selves on our open­ness to over­sight and have built a rep­u­ta­tion for finan­cial sta­bil­i­ty. Friend­ship Vil­lage is among just 16 per­cent of Con­tin­u­ing Care Retire­ment Com­mu­ni­ties (CCRCs) nation­al­ly that sub­mits to an inde­pen­dent review by the Con­tin­u­ing Care Accred­i­ta­tion Com­mis­sion-Com­mis­sion on Accred­i­ta­tion of Reha­bil­i­ta­tion Facil­i­ties (CCAC-CARF) and was the first in Illi­nois to be certified.

Friend­ship Vil­lage was also the first CCRC in the state to be accred­it­ed and the only one to receive the five-year accred­i­ta­tion six times.

Every five years, a sur­vey team vis­its Friend­ship Vil­lage to eval­u­ate our per­for­mance against more than 1,200 qual­i­ty stan­dards. As Green­Fields of Gene­va con­tin­ues to grow its cen­sus, we antic­i­pate it will also par­tic­i­pate in this accred­i­ta­tion system.

As respon­si­ble stew­ards of our res­i­dents’ resources as well as the finances of the entire orga­ni­za­tion, we have found a crit­i­cal bal­ance between invest­ing in our future and main­tain­ing finan­cial sta­bil­i­ty under ever-chang­ing circumstances.

View our 2019 Annu­al Report Online

Baby boomers turn 60 at a rate of 330 every hour.

—US Census Bureau