MISSION

STATEMENT

The mission of Wisconsin Illinois Senior Housing Inc. (WISH) is to serve elderly and disabled individuals by providing quality housing, health care and other services to enhance the lives of those we serve.

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OUR HISTORY

Wisconsin Illinois Senior Housing Inc. (WISH) began as an Illinois 501c3 not-for-profit corporation, then called Crystal Lake Home for the Aged, Inc., in 1989.  At that time, its sole purpose was to operate a 46-bed Skilled Nursing Facility (SNF), in Crystal Lake, Illinois.

 

In 1998, the Corporation was offered an opportunity to purchase three Skilled Nursing Facilities and one Intermediate Care Facility for the Mentally Retarded (ICF/MR) in the State of Wisconsin.  The Corporation changed its name to Wisconsin Illinois Senior Housing Inc., enhanced its Board of Directors, and went through the process to complete a tax-exempt bond issue through the Wisconsin Health and Education Facilities Authority (WHEFA) to purchase those four facilities, located in Elkhorn, Lake Geneva, Wild Rose and Ripon, Wisconsin, and to refinance the Crystal Lake facility.  This transaction was completed in 1999, and WISH assumed operational oversight of those projects.  This issue was refinanced in 2006 and again in 2018.

 

In 2000, a troubled facility in Montello, Wisconsin was gifted to WISH, providing it with its sixth facility.

 

In 2006, another opportunity was presented to WISH to purchase six Community Based Residential Facilities (CBRFs) in Wisconsin.  The Board of Directors created a single member Limited Liability Corporation (LLC) called Wellington Homes of Wisconsin, LLC, to purchase those facilities, located in Wausau, Stevens Point, Wisconsin Rapids, Hartford and Ft. Atkinson (2 facilities).  Another tax-exempt bond issue was completed through WHEFA, and the transaction closed in 2007.

 

In 2009, Kiwanis Manor, a not-for-profit nursing facility in East Troy, WI was purchased by WISH and became its newest facility.  Also in 2009, WISH constructed a new 14 bed CBRF on the grounds of Montello Care Center in Montello, WI.  These were initially funded with a bank loan but changed to permanent financing with the issuance of a tax-exempt bond issue in 2010.

 

In 2012, WISH purchased Ingleside Manor, a for-profit SNF with an attached Independent Living facility in Mt. Horeb, WI.  Also that year, WISH purchased Edgerton Care Center, a SNF in Edgerton, WI.  A tax-exempt bond issue was completed that year which provided those funds.  In 2014, WISH opened a 16-unit CBRF on the Mt. Horeb campus which was financed internally. 

 

In 2013, one of the original three Wisconsin SNF’s purchased in 1999 was re-built as a 44,000sf SNF from its original 18,000sf SNF.  This was financed with a tax-exempt bond issue.

 

A 2014 Bank private placement was completed to provide funds for substantial additions at East Troy Manor and to pay off the 2006 bond issue.

 

In 2015, a SNF in Spooner, WI was gifted to WISH.  This facility included a hospital building, a clinic, and 9 acres of land.  The hospital has relocated to a new facility in 2016, and the clinic was also relocated to a new location at the end of 2016.  In addition to the continued operation of the SNF, we have renovated a floor of the hospital for a 14-bed memory care CBRF, which is operating and full.  The remainder of the space is available for leasing for a variety of uses and has been renamed the Spooner Business Park.  In early 2020, there were 14 tenants in that space.

 

In 2016, WISH opened Transitions At Home, as a subsidiary home health agency.  Currently, this is operating in Walworth and Jefferson Counties in Wisconsin.  In 2018, Transitions opened a second site in Stevens Point, WI and has just opened an in-home personal care home division.  In 2020, a third home health agency was opened in Mt. Horeb, WI.

 

That same year, WISH refinanced all its debt with a $56M financing that is partially bank financed and partially a tax-exempt bond issue.  This has lowered WISH’s interest rate and annual payments.

 

In 2019, WISH purchased Bell Tower Residences, a 90-unit CBRF in Merrill, WI.  Also included in that purchase was a 16-unit residence for the Sisters as well as the Sisters’ office building and 10 acres of land.  The residence and office building have been leased back to the Sisters for a minimum of five years.  Also that year, WISH ceased operations at Wild Rose Manor in Wild Rose, Wisconsin.

 

Since its inception in 1989, the facilities have been managed either by a subsidiary of, or by, Carriage Healthcare Companies, Inc., a Colorado-based long term care management company.

 

Services provided by WISH include skilled nursing services, dementia care, rehabilitation services, home health and various levels of assisted living services.

 

The Board of Directors of WISH has established Community Advisory Boards at each of its skilled nursing facilities, consisting of members of the community who provide valuable insight and offer advice and assistance to their local facility.

© 2020 Wisconsin Illinois Senior Housing Inc.