Overview
What is Springmoor Inc?
Springmoor Inc is a renowned retirement community based in Raleigh, North Carolina, with the address 1500 Sawmill Road, 27615. Their mission is to deliver high-quality, responsive, financially sound care to their residents, providing them with convenience to essential services, healthcare, food, activities, entertainment, and opportunities for social enrichment in a life care retirement setting. As a nationally accredited organization, Springmoor emphasizes independent living, dignity, security, and peace of mind, offering an extensive range of residences, services, amenities, and comprehensive healthcare. Their healthcare program ensures residents' security, lifelong care, personal safety, and financial security, fostering interaction and companionship with neighbors who share common interests.
Official website here: www.springmoor.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star rating
Springmoor Inc has received a Three-Star rating from Charity Navigator, reflecting a focus on accountability and finance. The score is based solely on the organization's financial practices, showcasing strengths in areas such as independent board governance and financial oversight. Notably, the organization has a fully independent board and has no reported material diversions of assets, which contributes positively to its accountability.
Despite these strengths, there are areas where Springmoor Inc has room for improvement. The organization scored poorly on its liabilities to assets ratio, indicating potential financial risk, and lacks a whistleblower policy, which could be essential for maintaining transparency and ethical governance. These factors may raise concerns for potential donors regarding the organization's financial health and governance practices.
Overall, while Springmoor Inc demonstrates solid accountability in several areas, addressing its financial liabilities and implementing necessary policies could further enhance its credibility and performance in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Springmoor Inc legitimate?
Springmoor Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Springmoor 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.
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Official website here: www.springmoor.org
What is the mission statement of Springmoor Inc?
Springmoor Inc is a nationally accredited full-service retirement community, dedicated to promoting independent living, dignity, security, and peace of mind for its residents. Providing a range of residences, services, amenities, and comprehensive healthcare, Springmoor aims to support active, independent retirement living while addressing both current and future health and personal care needs. The community's health care program offers its residents a strong sense of security, ensuring life with dignity, lifetime care, personal safety, financial security, and companionship with many neighbors who share common interests.
Official website here: www.springmoor.org
Who is the CEO of Springmoor Inc?
Charles B Ballard is the President of Springmoor Inc.
Official website here: www.springmoor.org
What is the revenue of Springmoor Inc?
Springmoor Inc's revenue in 2022 was $40,800,832.
Official website here: www.springmoor.org
Who are the executives of Springmoor Inc and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.springmoor.org
Where can I find the form 990 for Springmoor Inc?
Springmoor Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.springmoor.org
Learn more at the official website: www.springmoor.org
Mission Statement of Springmoor Inc
Springmoor Inc, a nationally accredited full service retirement community, emphasizes independent living, dignity, security, and peace of mind for its residents. The community offers a diverse range of residences, services, amenities, and comprehensive healthcare, designed to support active and independent retirement living while addressing existing and future health and personal care needs.
At Springmoor Inc, each resident is provided with a strong sense of security, enabling them to live life with dignity and lifetime care. The community ensures personal safety and financial security while fostering interaction and companionship among neighbors who share common interests. The healthcare program at Springmoor goes beyond the basics to give residents the confidence and assurance they need to enjoy their retirement years to the fullest.
Springmoor's mission is centered around creating an environment that cultivates independence and dignity for its residents, while holistically addressing their healthcare needs. The community's comprehensive healthcare offerings provide peace of mind to its residents and their families, allowing them to focus on living life to the fullest. The wide range of residences, services, and amenities cater to individual preferences and changing needs, ensuring that every resident's journey in the community is unique and fulfilling.
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Impact
October, 2024
Springmoor Inc significantly enhances the quality of life for its residents by providing a comprehensive, full-service life care retirement community. Situated in Raleigh, NC, it promotes independent living while ensuring access to necessary health care and personal services. Residents enjoy a peaceful and secure environment that emphasizes dignity and respect.
The community offers a diverse range of residences and amenities, designed to foster an active lifestyle while also preparing for future health care needs. This approach not only addresses immediate living requirements but also provides ongoing support and care, alleviating concerns about aging and health trajectories.
Moreover, Springmoor cultivates a sense of community among its residents, encouraging social interaction and companionship. By bringing together individuals with shared interests, it creates an enriching environment that promotes emotional well-being and a sense of belonging. As a result, Springmoor Inc plays a pivotal role in ensuring that older adults can live fulfilling lives with peace of mind, security, and financial stability.
This information is meant to be a general summary of Springmoor 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: $3,538,508
- Program Service Revenue: $37,200,138
- Gross Receipts: $40,800,832
Assets and Liabilities:
- Total Assets: $114,513,623
- Total Liabilities: $139,348,890
- Net Assets: -$24,835,267
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES FROM RESIDENTS
Revenue
$35,092,232
HOMECARE AND WELLNESS INCOME
Revenue
$910,229
REIMBURSEMENTS
Revenue
$658,682
HAIRSTYLE SHOP INCOME
Revenue
$175,090
FOOD SERVICE INCOME
Revenue
$103,608
Organization Details
Founding Year
1983
Phone
(919) 848-7000Principal Officer
Charles B Ballard
Main Address
1500 SAWMILL ROAD, RALEIGH, NC, 27615
Website
www.springmoor.orgNTEE Category
Code: P750 - Human services
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