CCN 146130 · Lake County, Illinois
Hillcrest Retirement Village
1740 North Circuit Drive, Round Lake Beach, IL 60073
Hillcrest Retirement Village is a 140-bed for-profit nursing home in Round Lake Beach, Illinois, first certified for Medicare or Medicaid in 2009. CMS rates it 3 out of 5 stars overall in its September 2026 data, and it averaged 129.5 residents a day, about 93% of its certified beds. It has an active FHA-insured Section 232 loan: $5.7 million originally, at 2.95%, with $4.5 million outstanding as of September 30, 2026 and maturity in January 2050.
Facility facts
- Certified beds
- 140
- Average residents per day
- 129.5 (92.5% of beds)
- Ownership type
- For profit - Partnership
- Certification
- Medicare and Medicaid
- Legal business name
- Hillcrest Retirement Village Ltd
- Certified since
- Feb 1, 2009
- Chain or affiliated group
- None listed by CMS
- 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 | 2 of 5 | ||
| Total nurse hours per resident per day | 2.82 | 3.29 | 3.68 |
| RN hours per resident per day | 0.43 | 0.61 | 0.58 |
| Weekend nurse hours per resident per day | 2.55 | ||
| Nursing staff turnover | 15.1% | 43.4% | 44.9% |
| Occupancy (residents / beds) | 92.5% | 76.8% | 85.7% |
| Fines reported by CMS | 1 totaling $18,974 | ||
| Health deficiencies, latest standard survey | 14 (Aug 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). Hillcrest Retirement Village 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 |
|---|---|---|---|
| Earl Rosenbaum Declaration of TrustOrganization | Direct Ownership Interest | 34% | 02/08/2008 |
| Bishop, JackIndividual | Direct Ownership Interest | 16% | 02/08/2008 |
| Bishop, KarlaIndividual | Direct Ownership Interest | 16% | 02/08/2008 |
| Rosenbaum, AlanIndividual | Operational / Managerial Control | n/a | 06/06/1990 |
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 |
|---|---|---|---|---|
| Dec 19, 2014 | 223(f) refinance or purchaseHUD project name: Hillcrest Retirement Village, 144 beds. Lender at endorsement: Capital One Mf Finance LLC | $5,671,200 | Active: 2.95%, $4,471,913 balanceMatures Jan 1, 2050. Servicer: Capital One NA | 07122286 |
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.