Overview
What is Springshire Retirement Community Inc?
Springshire Retirement Community Inc, located in Greensboro, North Carolina, is a tax-exempt organization with a mission to foster intergenerational activities in conjunction with a charter school. Initially established as a continuing care retirement facility, Springshire shifted its focus to senior living retirement centers while continuing to operate under the Rev. Ruling 72-124 and Rev. Ruling 79-18. A major component of their operations involves collaborating with Greenville Preparatory Academy, a subsidiary charter school, to provide intergenerational programs required for both communities. The organization's goal is to connect generations through various programs and activities.
Official website here: www.springshire.org
Is Springshire Retirement Community Inc legitimate?
Springshire Retirement Community Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Springshire Retirement Community Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.springshire.org
What is the mission statement of Springshire Retirement Community Inc?
Springshire Retirement Community Inc initially operated as a continuing care retirement facility, but later changed its mission to operate as a senior living retirement center. The organization continues to operate as a tax-exempt facility, in accordance with Revenue Rulings 72-124 and 79-18. A significant component of its operations involves collaborating with a charter school to conduct intergenerational activities and programs. These programs are expected to be a vital aspect of Greenville Preparatory Academy, a subsidiary of Springshire Retirement Community Inc, which operates as a charter school, with obligations to provide intergenerational programs for both communities.
Official website here: www.springshire.org
Who is the CEO of Springshire Retirement Community Inc?
George O'Garro is the Secretary/Tr of Springshire Retirement Community Inc.
Official website here: www.springshire.org
What is the revenue of Springshire Retirement Community Inc?
Springshire Retirement Community Inc's revenue in 2022 was $13,138.
Official website here: www.springshire.org
Who are the executives of Springshire Retirement Community Inc and what are their salaries?
Here are 4 key members and their salaries:
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Official website here: www.springshire.org
Where can I find the form 990 for Springshire Retirement Community Inc?
Springshire Retirement Community Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.springshire.org
Learn more at the official website: www.springshire.org
Mission Statement of Springshire Retirement Community Inc
Springshire Retirement Community Inc, originally established as a Continuing Care Retirement Facility under North Carolina's state laws, underwent a significant transformation in its mission. The organization moved away from the Continuing Care Retirement Facility concept and shifted towards operating as a Senior Living Retirement Center. Springshire continues to operate as a tax-exempt facility, adhering to Revenue Ruling 72-124 and 79-18.
As a key component of its new mission, Springshire Retirement Community Inc aims to engage in intergenerational activities and programs in conjunction with a charter school. This collaboration will involve offering programs and activities that will be a significant aspect of Greenville Preparatory Academy, Springshire's subsidiary, which will operate as a charter school. The obligations to provide intergenerational programs are expected to be shared between the two communities. By integrating generations through these activities, Springshire seeks to foster a sense of unity and learning among different age groups.
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Impact
August, 2024
Springshire Retirement Community Inc's impact lies in its innovative approach to senior living. By transitioning from a traditional continuing care retirement facility to a senior living retirement center, Springshire aims to foster intergenerational connections through its partnership with a charter school. This unique model enables residents to engage in activities and programs that bridge generations, enhancing the overall well-being and quality of life for both seniors and younger members of the community. This forward-thinking initiative not only supports the residents of Springshire but also contributes to the broader social fabric of the community by promoting inclusivity and lifelong learning.
This information is meant to be a general summary of Springshire Retirement Community Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $13,138
- Gross Receipts: $13,138
Assets and Liabilities:
- Total Assets: $13,119,434
- Total Liabilities: $23,825,000
- Net Assets: -$10,705,566
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Organization Details
Founding Year
2004
Principal Officer
George O'Garro
Main Address
230 NORTH ELM STREET, GREENSBORO, NC, 27401
Website
www.springshire.orgNTEE Category
Code: L22 - Housing
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