Friendship Village CEO Mike Flynn, talks with residents at the retirement community in Schaumburg. Besides former residents like Kroll, current residents are also worried about their investment.

Her dispute is over Friendship Village’s policy of only paying back entry fees upon the resale of a resident’s unit. The facility — the largest not-for-profit retirement community in ...

Friendship Village of Schaumburg, an 815-unit complex at 350 West Schaumburg Road, defaulted on more than $125 million in debt and on Friday filed a Chapter 11 petition, Crain’s reported.

SCHAUMBURG, Ill. (WLS) -- It's not unusual to see a few 25-year-old professional baseball players walking around the Friendship Village retirement home. That's because they live there during the ...

The largest nonprofit retirement community in Illinois, Friendship Village of Schaumburg, has filed for bankruptcy protection, unable to recover from the devastating blow of the COVID-19 pandemic.

Friends of Faith Retirement Homes Inc., which opened Friendship Village at Park Lane and West Ninth Street in 1968, will be investing $70 million in reconstructing its independent living ...

The latest bankruptcy follows a Chapter 11 filing in 2023 by Schaumburg’s Friendship Village, now called Encore Village. The Oaks at Bartlett also filed for bankruptcy in 2011 and 2019, went ...

Friendship Village is a leading Life Plan retirement community offering independent living garden homes and apartment homes, as well as assisted living, memory support, skilled nursing care, and ...

Friendship Village is among the list of many retirement communities struggling to honor their refund obligations after COVID-19 disrupted a common business model that they say worked for many ...

At age 88, World War II veteran Robert Kroll moved to Friendship Village of Schaumburg, a retirement community where he would be taken care of until death, and so his children would get their ...