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Spring Meadows Inc

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

EIN: 710533427 ✦ Springdale, AR ✦ Designated as a 501(c)(4)

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Overview

What is Spring Meadows Inc?

Spring Meadows Inc is a nonprofit organization situated in Springdale, Arkansas, with a focus on addressing the housing needs of the elderly. Utilizing the U.S. Department of Housing and Urban Development's Section 202 Program, they provide low-income housing solutions for this demographic. With a dedicated team of eight individuals, Spring Meadows Inc plays a crucial role in ensuring elderly individuals have access to suitable and affordable housing, thereby improving their overall well-being.

Is Spring Meadows Inc legitimate?

Spring Meadows Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Spring Meadows 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: $226,146

For more financial information, click here

What is the mission statement of Spring Meadows Inc?

Spring Meadows Inc, as a organization, is dedicated to serving the elderly population with limited income. They achieve this mission by leveraging HUD's Section 202 Program, enabling them to provide suitable housing solutions. Their primary goal is to ensure that the elderly have access to safe and affordable living spaces. Through this program, Spring Meadows Inc strives to improve the quality of life for the elderly, providing them with a secure and comfortable living environment. The organization's activities are centered around the use of HUD's Section 202 Program, which is their primary means of fulfilling their mission to provide affordable housing for the elderly.

Who is the CEO of Spring Meadows Inc?

Jack Farmer is the President of Spring Meadows Inc.

What is the revenue of Spring Meadows Inc?

Spring Meadows Inc's revenue in 2023 was $880,994.

Who are the executives of Spring Meadows Inc and what are their salaries?

The average compensation at Spring Meadows Inc during 2023 was $28,268. There are 8 employees at Spring Meadows Inc.


Here are 7 key members and their salaries:


Rodney Weeks (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Desnhardt (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Horwart (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Myrna Schwartz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeanne Harp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Ogden (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Truman Stamps (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Spring Meadows Inc?

Spring Meadows Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Spring Meadows Inc

Spring Meadows Inc, as a nonprofit organization, is dedicated to providing affordable housing solutions for the elderly community. Utilizing the HUD's Section 202 Program, Spring Meadows Inc strives to make housing more accessible and affordable for this demographic, thereby ensuring they can maintain a dignified living standard. By leveraging this program, Spring Meadows Inc is committed to making a tangible impact on the lives of the elderly, providing them with a secure and comfortable living environment.

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Impact




October, 2024

Spring Meadows Inc has a significant impact by providing low-income housing for the elderly in Springdale, AR. Through the utilization of HUD's Section 202 Program, the organization addresses the critical housing needs of senior citizens, ensuring they have access to affordable and secure living environments. This not only enhances their quality of life but also fosters a sense of community and support among residents. By focusing on this underserved population, Spring Meadows Inc plays a vital role in promoting stability and well-being among the elderly, contributing to improved health outcomes and overall satisfaction in their later years.




This information is meant to be a general summary of Spring Meadows 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.

Revenue
$880,994 (2023)
Expenses
$849,924 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $14,238
  • Program Service Revenue: $339,269
  • Gross Receipts: $880,994

Assets and Liabilities:

  • Total Assets: $958,671
  • Total Liabilities: $1,856,907
  • Net Assets: -$898,236

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Rental Revenue

Revenue

$336,558

Laundry Income

Revenue

$2,711

Organization Details

Founding Year

1980

Principal Officer

Jack Farmer

Main Address

1800 Carley Road, Springdale, AR, 72764

NTEE Category

Code: L21Z - Housing

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