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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.
In 2010 the 75 and older population was 19 million. By 2020 the number is projected to reach 66 million.
—Administration on aging