Capitol Retirement Village

Name

Capitol Retirement Village

Legal name

Capitol Retirement Village, Inc.

Website

https://crv500.org

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Affordable Senior Independent Living Housing

NAICS

Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (62331), Services for the Elderly and Persons with Disabilities (62412)

SIC

Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Affordable/Subsidized Independent Living (HUD/LIHTC) Communities (HLADAAAB)

akta.pro secondary industry

Senior Living Property Management (BPAJAGAI)

Keywords

• Affordable senior housing
• Independent living community
• HUD 202 PRAC
• Subsidized senior apartments
• Retirement community housing

Headquarters

HQ city

Springfield

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Resident Rent Payments: Rent is calculated as 30% of annual adjusted gross income minus qualified medical expenses. This income-based pricing model ensures affordability for very low-income seniors under HUD 202 PRAC program guidelines.
2. Utility Payments: Residents pay for electricity only. Gas, water, and trash collection are included in rent, creating a predictable cost structure for residents.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Capitol Retirement Village provides affordable independent senior living through 59 one-bedroom apartments in a three-floor building in Springfield, Illinois, operated under the HUD 202 PRAC program. Residents aged 62+ pay rent equal to 30% of adjusted gross income, with all utilities except electricity included, and receive on-site amenities such as a community room, laundry, beauty shop, van transportation, a service coordinator, and a night manager.

Product overview

Capitol Retirement Village operates as a unified senior living community offering three interconnected service lines: Independent Living/Retirement Community (the core housing product), Affordable Housing (income-based pricing at 30% of adjusted gross income), and Subsidized Housing (HUD 202 PRAC program). Residents receive one-bedroom apartments (540 sq ft) as the base housing unit, with all residents benefiting from the shared Amenities Package (community room, laundry, beauty shop, transportation, security) and Activities Program (recreation, social events, outings). The community is designed for seniors 62+ who can live independently.

Differentiator

Problem solved

Functional benefit

Products and services

• Independent Senior Living at Capitol Retirement Village The community's core offering: independent senior living in a 59-unit, three-floor building at 500 Bruns Lane, Springfield, IL, providing 540 sq ft one-bedroom apartments with open floor plans, individually controlled heating and cooling, secured entry, on-site laundry, community room, beauty shop, van transportation, and a structured activities program. Residents must be 62+ and meet HUD income eligibility; rent is set at 30% of adjusted gross income. Four apartments are wheelchair-accessible.
• Affordable Housing for Low-Income Seniors Income-based affordable housing for seniors aged 62+ with annual gross income at or below 50% of the Springfield area median income. Single applicants: $40,250/year; couple applicants: $46,000/year. Rent is calculated at 30% of adjusted gross income minus qualified medical expenses, with most utilities (gas, water, trash) included.
• HUD 202 PRAC Subsidized Housing Federally subsidized senior housing under the HUD 202 Project Rental Assistance Contract (PRAC) program, which provides rental assistance payments enabling residents to pay only 30% of adjusted gross income for housing. The PRAC contract is the regulatory framework that supports a full-time service coordinator and an on-site night manager.

Quantifiable outcome

• Rent reduced to 30% of adjusted income for eligible seniors
• +2 more outcomes

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves3 records

Expansion highlights3 records

Broad incumbents

• Five Star Senior Living: National operator of independent living, assisted living, and memory care communities. Overlaps in independent living product and senior demographic but is for-profit and market-rate rather than HUD-subsidized.
• Holiday Retirement: National independent and assisted living operator focused on seniors. Comparable resident profile for independent living, though Holiday is for-profit and market-rate, contrasting with Capitol Retirement Village's HUD-subsidized model.
• Atria Senior Living: Large national senior living operator with independent living and assisted living communities. Competes for independent-living seniors but at market-rate; useful as a market-sizing incumbent.
• Brookdale Senior Living: Largest U.S. senior housing operator across independent living, assisted living, and memory care. Overlaps with Capitol Retirement Village on independent living for seniors but operates primarily market-rate at much larger scale.

Direct peers

• Volunteers of America: National nonprofit that operates HUD 202 senior housing properties across the country, including independent living communities serving low-income seniors. Directly comparable in funding model, resident demographics, and service-coordinator staffing pattern.
• National Church Residences: Faith-based nonprofit operator of affordable senior housing, including a large portfolio of HUD 202 PRAC communities. Directly comparable in mission, resident profile (low-income seniors 62+), and HUD-subsidized rent model. The most head-to-head operator to Capitol Retirement Village at portfolio scale.
• Immanuel Communities: Faith-affiliated nonprofit operating independent living and affordable senior housing, including HUD-supported properties. Comparable faith-based governance and low-income senior resident model.
• Methodist Senior Services: Faith-affiliated nonprofit operator of independent living, assisted living, and HUD-subsidized senior housing communities. Directly comparable in mission and affordable housing product set.
• Presbyterian Senior Living: Faith-affiliated nonprofit providing independent living and assisted living for low-to-moderate income seniors, including HUD-subsidized properties. Comparable mission-driven ownership structure and senior affordable housing product.
• Catholic Charities Housing Services: Faith-based nonprofit network that owns and operates affordable senior housing, frequently under HUD 202 PRAC programs. Matches Capitol Retirement Village's faith-based management approach and very-low-income senior resident base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/capitol-retirement-village

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Capitol Retirement Village