CCN 146008 · Kane County, Illinois
Alden of Waterford
2021 Randi Drive, Aurora, IL 60505
Alden of Waterford is a 99-bed for-profit nursing home in Aurora, Illinois, first certified for Medicare or Medicaid in 2001. CMS rates it 3 out of 5 stars overall in its September 2026 data, and it averaged 86.2 residents a day, about 87% of its certified beds. It has an active FHA-insured Section 232 loan: $23.8 million originally, at 2.25%, with $21.9 million outstanding as of September 30, 2026 and maturity in September 2061.
Facility facts
- Certified beds
- 99
- Average residents per day
- 86.2 (87.1% of beds)
- Ownership type
- For profit - Corporation
- Certification
- Medicare and Medicaid
- Legal business name
- Alden of Waterford, L.L.C.
- Certified since
- Sep 6, 2001
- 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 | 3 of 5 | State spread: 245 at 1, 112 at 2, 103 at 3, 108 at 4, 93 at 5 | |
| Health inspections | 3 of 5 | ||
| Quality measures | 3 of 5 | ||
| Staffing | 3 of 5 | ||
| Total nurse hours per resident per day | 3.64 | 3.29 | 3.68 |
| RN hours per resident per day | 1.27 | 0.61 | 0.58 |
| Weekend nurse hours per resident per day | 3.07 | ||
| Nursing staff turnover | 43.5% | 43.4% | 44.9% |
| Occupancy (residents / beds) | 87.1% | 76.8% | 85.7% |
| Fines reported by CMS | 1 totaling $106,499 | ||
| Health deficiencies, latest standard survey | 13 (Mar 27, 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 of Waterford meets that part today: 3 stars overall, 3 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 |
|---|---|---|---|
| Alden of Waterford Investments LLCOrganization | Direct Ownership Interest | 100% | 10/13/1999 |
| Audra Elisco Grantor Tr Dated 11/02/2004Organization | Indirect Ownership Interest | n/a | 03/01/2018 |
| Lauren Magnusson Grantor Tr Dated 11/02/2004Organization | Indirect Ownership Interest | n/a | 02/28/2018 |
| Randi Schullo Grantor Tr Dated 11/02/2004Organization | Indirect Ownership Interest | n/a | 02/28/2018 |
| The Alden Group, Ltd.Organization | Indirect Ownership Interest | n/a | 10/09/1996 |
| Bank Leumi USAOrganization | Security Interest | n/a | 08/29/2012 |
| Alden Management Services, Inc.Organization | Operational / Managerial Control | n/a | 10/09/1996 |
| Davis, EstherIndividual | Operational / Managerial Control | n/a | 03/15/2010 |
| 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 30, 2021 | 223(a)(7) refinance of a construction loanHUD project name: Alden Waterford, 159 beds. Lender at endorsement: Cambridge Realty Capital Il | $23,844,900 | Active: 2.25%, $21,898,832 balanceMatures Sep 1, 2061. Servicer: Cambridge Realty Capital Il | 07143293 |
| Apr 29, 2011 | 223(a)(7) refinance of a construction loanHUD project name: Alden of Waterford, 165 beds. Lender at endorsement: Cambridge Realty Capital Il | $19,440,000 | Ended Aug 30, 2021Prepayment | 07143233 |
| May 15, 2008 | 223(d) operating loss loanHUD project name: Alden Waterford, 165 beds. Lender at endorsement: Cambridge Realty Capital Il | $4,404,900 | Ended May 31, 2012Prepayment | 07115032 |
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.