Smith Village
Smith Village is a not-for-profit Life Plan Community in Chicago's Beverly neighborhood, founded in 1924, providing a full continuum of senior care — Independent Living, Assisted Living, Memory Care, Skilled Nursing, and short-term Rehabilitation — to approximately 255-300 residents aged 62 and older under parent organization Smith Senior Living.
- Company typePrivate
- Founded1924
- HeadquartersChicago, United States
- Headcount51–100
- GTM typeB2C
- OfferingServices
What Smith Village does
Smith Village is a not-for-profit Life Plan Community (Continuing Care Retirement Community) located in Chicago's historic Beverly neighborhood, serving adults aged 62 and older since its founding in 1924 as Oakhaven Old People's Home. Operated under the 501(c)(3) parent organization Smith Senior Living (which also runs sister community Smith Crossing in Orland Park), Smith Village provides a full continuum of senior care on a single campus: Independent Living (729-1,265 sq ft apartments across nine floor plans), Assisted Living, Memory Care (two levels), Skilled Nursing Care, and Greenleaf Short-Term Rehabilitation. As of 2024 the community serves approximately 255-300 residents at 95% occupancy and maintains a federal five-star CMS rating alongside CARF accreditation.
The business operates on a multi-stream revenue model. Independent Living residents pay a one-time entrance fee (Traditional plan from $116,400 or 80% Refundable plan from $194,500) plus an all-inclusive monthly service fee starting at $3,681 covering dining, utilities, housekeeping, transportation, wellness programs, and activities. Healthcare services (Assisted Living, Memory Care, Skilled Nursing, Greenleaf Rehab) generate additional revenue and accept external admissions on a space-available basis. Emilie's Fund requires $2 million annually in charitable donations to support residents who outlive their financial resources; no resident has been asked to leave due to exhausted funds.
The technology stack is operational rather than differentiating: HUR exercise equipment with wristband-based fitness tracking, federally mandated electronic medical records, Act-On marketing automation, Roobrik prospect qualification surveys, and Google Analytics/DoubleClick. GTM is sales-led, employing dedicated Sales Counselors, a 7-step "Roadmap to Success" prospect journey, a 90-day trial stay program, regular "Taste and Tour" events, and recent expansion into broadcast TV marketing (2025 commercial, WGN TV features). Strategic capital deployment has focused on campus modernization — a $68 million CCRC conversion in 2008 and a $22.3 million Johanson Wing expansion completed in 2021 — rather than geographic or service-line expansion.
Smith Village firmographics
Firmographics- Name
- Smith Village
- Legal name
- Smith Village
- Website
- https://smithvillage.org
- Company type
- Private
- Founded year
- 1924
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Smith Village is a not-for-profit Life Plan Community in Chicago's Beverly neighborhood, founded in 1924, providing a full continuum of senior care — Independent Living, Assisted Living, Memory Care, Skilled Nursing, and short-term Rehabilitation — to approximately 255-300 residents aged 62 and older under parent organization Smith Senior Living.
- Ownership category
- akta.pro rank
Smith Village industry classification
Industry- Product category
- Senior Living Services
- NAICS
- Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (62331), Continuing Care Retirement Communities (623311), Assisted Living Facilities for the Elderly (623312), Nursing and Residential Care Facilities (623)
- SIC
- Services-Nursing & Personal Care Facilities (8050), Services-Skilled Nursing Care Facilities (8051)
- akta.pro primary industry
- Market-Rate Independent Living (Private Pay) Communities (HLADAAAA)
- akta.pro secondary industries
- Active Adult (55+) Independent Living Communities (HLADAAAD), Luxury/Resort-Style Independent Living Communities (HLADAAAC)
Keywords
Where Smith Village is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Smith Village business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Independent Living - Entrance Fees: One-time entrance fees for senior living residence and contract, guaranteeing lifetime residency and access to all levels of care. Two refund plan options: Traditional (reduced fee starting at $116,400) and 80% Refundable (starting at $194,500).
- Independent Living - Monthly Service Fees: Recurring monthly fees based on residence style and number of occupants, covering dining points, utilities (telephone, internet, cable), bi-weekly housekeeping, linen service, parking, maintenance, transportation, security, storage, wellness programs, and all activities. Starting at $3,681/month.
- Healthcare Services Revenue: On-site healthcare services including Skilled Nursing Care, Assisted Living, Memory Care, and Greenleaf Short-Term Rehabilitation. Services are open to both residents and external community members on a space-available basis.
- Emilie's Fund Donations: Charitable giving program requiring $2 million annually. Includes major gifts, endowment gifts, planned giving, and memorial/tribute gifts. 501(c)(3) tax-deductible donations support residents who outlive their funds.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | One time | Traditional Entrance Fee - Reduced upfront cost |
| Subscription | One time | 80% Refundable Entrance Fee - Maximum value preservation |
| Subscription | Monthly | Monthly Service Fee - All-inclusive living |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels8 records
Smith Village product offering
Product offeringCore offering
Smith Village operates a not-for-profit Life Plan Community (Continuing Care Retirement Community) in Chicago's Beverly neighborhood, offering Independent Living, Assisted Living, Memory Care, Skilled Nursing, and Greenleaf Short-Term Rehabilitation services on a single campus. Residents enter through a Life Care contract that includes a one-time entrance fee plus monthly service fees and guarantees lifetime access to escalating levels of care without having to relocate. Healthcare services are also available on a space-available basis to external older adults ages 62+.
Product overview
Smith Village operates as a not-for-profit Life Plan Community (CCRC) offering a comprehensive continuum of senior living and healthcare services. The core platform is Life Care, which provides lifetime access to care regardless of future health needs. The product portfolio includes five interconnected living/care options: Independent Living (maintenance-free apartments with amenities), Assisted Living (personalized daily help), Memory Care (dementia support with two care levels), Skilled Nursing Care (24/7 around-the-clock care), and Greenleaf Rehabilitation (short-term rehab therapies). Residents entering Independent Living are guaranteed access to higher levels of care if needed, all on the same campus, without having to relocate.
Differentiator
Problem solved
Functional benefit
Brands
- Greenleaf Rehabilitation Center: State-of-the-art short-term rehabilitation facility providing physical, occupational, speech, respiratory, and restorative therapies for seniors recovering from surgery, injury, or illness
- Life Care
Products and services
- Independent Living Maintenance-free apartment residences for active seniors aged 62+, ranging from 729 to 1,265 square feet with nine floor plan options including one-bedroom and two-bedroom layouts. Includes all utilities, housekeeping, dining plans, transportation, and access to community amenities under a Life Care contract.
- Assisted Living Personalized care services helping residents maintain independence with assistance with activities of daily living, 24/7 safety monitoring, and medication management in comfortable one-bedroom apartments with kitchenettes.
- Memory Care Person-centered dementia care offering two levels: Assisted Living Memory Care for early and middle stages, and Skilled Nursing Memory Care for advanced stages. Includes personalized care plans, cognitive therapy, and structured daily programming in a purpose-built safe environment.
- Skilled Nursing Care Around-the-clock restorative, therapeutic, and rehabilitative care with private suites, full baths, and 24/7 nursing staff overseen by a full-time medical director. Accepts direct admissions from outside the community on a space-available basis.
- Greenleaf Rehabilitation Center State-of-the-art short-term rehabilitation facility offering physical therapy, occupational therapy, speech therapy, respiratory therapy, and restorative care. Features private suites with European-style bathrooms and is open to all adults ages 62+, not just Smith Village residents.
- Life Care / Life Plan Community Not-for-profit Life Plan Community (CCRC) providing lifetime access to a full continuum of care including Independent Living, Assisted Living, Memory Care, Skilled Nursing Care, and Short-Term Rehabilitation, all on one campus, ensuring residents do not need to relocate as care needs escalate.
Quantifiable outcome
- Zero residents asked to leave due to exhausted funds through no fault of their own (with Emilie's Fund support)
- +2 more outcomes
Companies that use Smith Village
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles5 records
Smith Village technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature3 records
Smith Village partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor.
- Beverly Area Planning AssociationminorSmith Village Executive Director Marti Jatis was featured in The Villager newsletter of the Beverly Area Planning Association, highlighting community involvement and leadership in the neighborhood.
- Chicago High School for Agricultural SciencesminorCulinary students organized an annual Thanksgiving feast for 300 seniors in the Beverly, Morgan Park and Mount Greenwood neighborhoods. With guidance from Diego Burgos, executive chef at Smith Village, students carved 17 turkeys and assembled individually packed meals, then delivered to seniors' homes during COVID.
- Saint Cajetan SchoolminorStudents at Saint Cajetan School team up with Smith Village Senior Center to create artwork, fill gift bags, and record sing-along greetings for veterans in the Road Home Program at Rush Medical Center. Annual 'Valentines for Vets' event bringing together seniors and students for intergenerational community service.
- Rush Medical Center - Road Home ProgramminorVeterans benefiting from mental health programs at the Road Home Program receive gift bags, artwork, and recorded greetings created by Smith Village residents and students from St. Cajetan School.
Scale indicators7 records
Recent moves9 records
Expansion highlights4 records
Smith Village competitors and assessment
Company assessmentDirect peers
- Smith Crossing: Sister community operated by Smith Senior Living in Orland Park, IL. Operates the same Life Plan Community / CCRC model with full continuum of care (Independent Living, Assisted Living, Memory Care, Skilled Nursing) on a 32-acre campus—sharing parent organization, management, and brand.
- The Clare: Continuing care retirement community located in downtown Chicago offering independent living, assisted living, memory care, and skilled nursing. Directly comparable CCRC model serving the same Chicago metropolitan market, although positioned at the luxury price tier versus Smith Village's market-rate offering.
- Presbyterian Homes: Nonprofit operator of multiple Life Plan Communities across Illinois and other states, including Westminster Place in Evanston. Closely comparable as a faith-affiliated nonprofit CCRC operator delivering the full continuum of care to mid-market and upper-mid-market seniors.
- Friendship Village of Schaumburg: Nonprofit Life Plan Community in suburban Chicago offering independent living, assisted living, memory care, skilled nursing, and rehabilitation. Comparable market-rate CCRC in the Chicago metro serving a similar demographic and operating with a similar continuum-of-care value proposition.
- Lutheran Life Communities: Faith-based nonprofit operator of senior living and CCRC communities across the Midwest, including Pleasant View in Ottawa, IL. Comparable faith-affiliated nonprofit CCRC model serving similar market-rate seniors with full continuum of care.
Broad incumbents
- Brookdale Senior Living: Largest U.S. senior living operator with independent living, assisted living, memory care, and continuing care communities nationwide. Broader incumbent operating at much larger scale across multiple states, including the Chicago market; overlaps with Smith Village in assisted living and memory care but lacks the nonprofit Life Plan Community structure.
- Sunrise Senior Living: Established national senior living operator with assisted living, memory care, independent living, and short-term stay services across the U.S. and U.K., including multiple Chicago-area communities. Comparable continuum-of-care offerings but at broader scale and as a for-profit operator.
- Atria Senior Living: Major for-profit operator of senior living communities across the U.S. and Canada, providing independent living, assisted living, and memory care services. Competes in the broader Chicago senior living market with similar resident-facing services but without nonprofit Life Plan Community positioning.
- Five Star Senior Living: National senior living and rehabilitation services operator with communities across the U.S., including Illinois. Comparable in delivering independent living, assisted living, memory care, and skilled nursing services, but at broader scale and as a publicly traded for-profit operator.
- Belmont Village Senior Living: Operator of senior living communities focused on independent living, assisted living, and memory care with an emphasis on wellness and clinical programs. Operates multiple Chicago-area communities and overlaps with Smith Village's assisted living and memory care services, but at broader geographic scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Smith Village social profiles
Digital presenceSmith Village compliance and trust
Trust signalCompliance2 records
Smith Village financial estimates
Financial estimateRevenue estimate
Valuation estimate
Smith Village leadership team
Management profileNumber of profiles
Profiles23 records
Smith Village funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Smith Village M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Smith Village
What does Smith Village do?
Smith Village operates a not-for-profit Life Plan Community (Continuing Care Retirement Community) in Chicago's Beverly neighborhood, offering Independent Living, Assisted Living, Memory Care, Skilled Nursing, and Greenleaf Short-Term Rehabilitation services on a single campus. Residents enter through a Life Care contract that includes a one-time entrance fee plus monthly service fees and guarantees lifetime access to escalating levels of care without having to relocate. Healthcare services are also available on a space-available basis to external older adults ages 62+.
Is Smith Village a public or private company?
Smith Village is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Smith Village founded?
Smith Village was founded in 1924. It employs 51 to 100 people.
Where is Smith Village based?
Smith Village is headquartered in Chicago, United States, in the North America region.
How does Smith Village make money?
Four revenue lines are on record. Independent Living - Entrance Fees are the primary driver. The others are independent Living - Monthly Service Fees, healthcare Services Revenue and emilie's Fund Donations.
Who are Smith Village's main competitors?
Direct peers on record are Smith Crossing, The Clare, Presbyterian Homes, Friendship Village of Schaumburg and Lutheran Life Communities. Broad incumbents are Brookdale Senior Living, Sunrise Senior Living, Atria Senior Living, Five Star Senior Living and Belmont Village Senior Living.
Does Smith Village have an API?
No public API is recorded for Smith Village.
What industry is Smith Village in?
Smith Village's product category is Senior Living Services. Its primary akta.pro industry code is HLADAAAA, Market-Rate Independent Living (Private Pay) Communities, with a secondary code of HLADAAAD, Active Adult (55+) Independent Living Communities. Its NAICS code is 62331 and its SIC code is 8050.