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Springmoor Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 561368256 ✦ Raleigh, NC ✦ Designated as a 501(c)(3)

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

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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


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:

    Charles B Ballard (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Baxley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Albert Calloway (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ernest Carraway (Vice Preside) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nina Cole (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Judy Hill (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Edith Simpson (Sec/Treas) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.springmoor.org

    Where can I find the form 990 for Springmoor Inc?

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    Springmoor Inc has a significant impact by providing high-quality, responsive, and financially sound life care services to retirees. It emphasizes independent living, dignity, security, and peace of mind while offering a wide range of residences, services, amenities, and comprehensive healthcare. Through its carefully designed retirement community, Springmoor ensures that residents have access to convenient healthcare, food services, activities, entertainment, and opportunities for social enrichment. This approach not only enhances the quality of life for the retirees but also provides them with personal safety, financial security, and a sense of belonging through interaction and companionship with like-minded neighbors.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • 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

    Principal Officer

    Charles B Ballard

    Main Address

    1500 SAWMILL ROAD, RALEIGH, NC, 27615

    NTEE Category

    Code: P75 - Human services

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