CCN 145907 · Cook County, Illinois
Alden Estates of Evanston
2520 Gross Point Road, Evanston, IL 60201
Alden Estates of Evanston is a 99-bed for-profit nursing home in Evanston, Illinois, first certified for Medicare or Medicaid in 1996. CMS rates it 5 out of 5 stars overall in its September 2026 data, and it averaged 69.0 residents a day, about 70% of its certified beds. It has an active FHA-insured Section 232 loan: $6.3 million originally, at 4.75%, with $5.2 million outstanding as of September 30, 2026 and maturity in February 2050.
Facility facts
- Certified beds
- 99
- Average residents per day
- 69.0 (69.7% of beds)
- Ownership type
- For profit - Corporation
- Certification
- Medicare and Medicaid
- Legal business name
- Alden Estates of Evanston, Inc.
- Certified since
- Oct 9, 1996
- Chain or affiliated group
- The Alden Network (27 facilities, chain average 2.8 stars)
- Location
- Urban
Ratings and staffing
Star ratings run from 1 to 5. Staffing is nurse hours per resident per day from CMS Payroll Based Journal data; turnover is the CMS annual nursing staff turnover rate. Occupancy is CMS's average daily census divided by certified beds.
| Measure | This facility | Illinois median | US median |
|---|---|---|---|
| Overall rating | 5 of 5 | State spread: 245 at 1, 112 at 2, 103 at 3, 108 at 4, 93 at 5 | |
| Health inspections | 5 of 5 | ||
| Quality measures | 4 of 5 | ||
| Staffing | 4 of 5 | ||
| Total nurse hours per resident per day | 3.58 | 3.29 | 3.68 |
| RN hours per resident per day | 0.99 | 0.61 | 0.58 |
| Weekend nurse hours per resident per day | 3.14 | ||
| Nursing staff turnover | 18.5% | 43.4% | 44.9% |
| Occupancy (residents / beds) | 69.7% | 76.8% | 85.7% |
| Fines reported by CMS | None | ||
| Health deficiencies, latest standard survey | 4 (Dec 19, 2025) | ||
HUD 223(f) Express Lane: the CMS part
HUD gives 223(f) applications queue priority when the facility has CMS overall and health inspection ratings of at least 2 stars and no abuse icon, among other tests (ORCF criteria of March 31, 2026). Alden Estates of Evanston meets that part today: 5 stars overall, 5 on health inspections, no abuse icon. The loan-to-value, coverage and operator tests depend on the deal. All the criteria.
Who owns and operates it
These are the owners and operators the facility reported to CMS: anyone with a 5% or greater direct or indirect stake, and any organization with operational or managerial control.
| Name | Role | Share | Since |
|---|---|---|---|
| The Alden Group, Ltd.Organization | Direct Ownership Interest | 100% | 10/09/1996 |
| Audra Elisco Grantor Tr Dated 11/02/2004Organization | Indirect Ownership Interest | 21% | 03/01/2018 |
| Lauren Magnusson Grantor Tr Dated 11/02/2004Organization | Indirect Ownership Interest | 21% | 02/28/2018 |
| Randi Schullo Grantor Tr Dated 11/02/2004Organization | Indirect Ownership Interest | 21% | 02/28/2018 |
| Elisco, ArinIndividual | Indirect Ownership Interest | 6% | 07/01/2013 |
| Elisco, CharlesIndividual | Indirect Ownership Interest | 6% | 07/01/2013 |
| Magnusson, GarrettIndividual | Indirect Ownership Interest | 6% | 07/01/2013 |
| Magnusson, PaigeIndividual | Indirect Ownership Interest | 6% | 07/01/2013 |
| Schullo, JosephIndividual | Indirect Ownership Interest | 6% | 07/01/2013 |
| Schullo, NicoleIndividual | Indirect Ownership Interest | 6% | 07/01/2013 |
| Midcap Funding IV TrustOrganization | Security Interest | n/a | 07/01/2010 |
| Alden Management Services, Inc.Organization | Operational / Managerial Control | n/a | 10/09/1996 |
| Davis, EstherIndividual | Operational / Managerial Control | n/a | 03/15/2020 |
| Molitor, RobertIndividual | Operational / Managerial Control | n/a | 06/16/2008 |
Changes of ownership
No change of ownership for this facility appears in the CMS change-of-ownership file, which starts in January 2016.
HUD Section 232 loans
HUD's Office of Healthcare Programs lists these FHA-insured loans for a project we matched to this facility by name, city and bed count. Status, rate and balance come from HUD's insured-mortgage files as of September 30, 2026. Check the FHA number against the loan documents before relying on the match.
| Endorsed | Program | Original amount | Status | FHA number |
|---|---|---|---|---|
| Aug 26, 2015 | 241(a) supplemental loanHUD project name: Alden Estates of Evanston, 99 beds. Lender at endorsement: Capital Funding LLC | $6,279,900 | Active: 4.75%, $5,234,490 balanceMatures Feb 1, 2050. Servicer: Capital Funding LLC | 07110020 |
| Jan 29, 2015 | 223(a)(7) refinance of a 223(f) loanHUD project name: Aldan-Estates of Evanston, 93 beds. Lender at endorsement: Capital Funding LLC | $7,226,100 | Active: 3.55%, $5,733,426 balanceMatures Feb 1, 2050. Servicer: Capital Funding LLC | 07122250 |
| Jun 29, 2005 | 223(a)(7) refinance of a 223(f) loanHUD project name: Alden Estates of Evanston, 81 beds. Lender at endorsement: Cambridge Realty Capital Il | $8,000,800 | Ended Jan 30, 2015Prepayment | 07122085 |
Sources and dates
Facility, rating, staffing and ownership data: CMS Provider Information and CMS Ownership, processing date September 2026. Private equity, REIT and mortgage-interest flags and changes of ownership: CMS Skilled Nursing Facility All Owners and Change of Ownership files (2026-10-01). FHA-insured loans: HUD Office of Healthcare Programs endorsement database, data run July 8, 2026. How we join them, and what the join can get wrong: methodology.
SNF Register is independent. It is not affiliated with or endorsed by CMS, HUD or FHA. Spotted an error? Write to hello@hudskillednursing.loan.