Liabilities / Assets
99th percentile
Higher debt load relative to assets than 99% of similar nonprofits.
990 • Fiscal year 2018 • EIN 20-0715202
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
99th percentile
Higher debt load relative to assets than 99% of similar nonprofits.
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
25th percentile
Higher top officer pay than 25% of similar nonprofits.
Asset Growth
3rd percentile
Faster asset growth than 3% of similar nonprofits.
Revenue Growth
Score unavailable
A valid growth rate could not be computed from the available filing history.
Assets
Down$10,688,170
Down $1,782,393 (-14%) from 2017
Net Assets
Down-$10,087,596
Down $3,928,240 (-64%) from 2017
Liabilities
Up$20,775,766
Up $2,145,847 (+12%) from 2017
Revenue
Flat$0
Flat from 2017
Expenses
Up$1,190,808
Up $1,185,571 (+22638%) from 2017
Net Income
Down-$1,190,808
Down $1,185,571 (-22638%) from 2017
The exempt purpose is to be a full service continuing care retirement community designed to meet the special needs of the elderly for housing, health care services and financial security.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $2,050,615 | $1,861,368 | ▼ $189,247 |
| Savings and Temporary Cash Investments | $958,179 | $1,265,529 | ▲ $307,350 |
| Accounts Receivable | $4,931 | $1,771 | ▼ $3,160 |
| Total Assets | $12,470,563 | $10,688,170 | ▼ $1,782,393 |
| Other Assets Total | $9,456,838 | $7,559,502 | ▼ $1,897,336 |
| Liabilities | |||
| Tax Exempt Bond Liabilities | $10,135,745 | $11,584,599 | ▲ $1,448,854 |
| Accounts Payable and Accrued Expenses | $4,353,000 | $4,676,629 | ▲ $323,629 |
| Other Liabilities | $4,141,174 | $4,514,538 | ▲ $373,364 |
| Total Liabilities | $18,629,919 | $20,775,766 | ▲ $2,145,847 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $-6,159,356 | $-10,087,596 | ▼ $3,928,240 |
| Total Net Assets Fund Balance | $-6,159,356 | $-10,087,596 | ▼ $3,928,240 |
| Total Liabilities and Net Assets / Fund Balance | $12,470,563 | $10,688,170 | ▼ $1,782,393 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Land | $1,812,757 | - | $1,812,757 |
| Equipment | $48,611 | $59,968 | $108,579 |
| Other Assets Org | $2,904,652 | - | - |
| Name | Title |
|---|---|
| Ernest R Carraway Jr | President |
| Rev Beth Thompson | Secretary/tr |
| Robert Deyton | Vice Preside |
| Line Item | Amount |
|---|---|
| Other Expenses | $1,190,808 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Advertising | $675,527 | - | - | $675,527 |
| Interest | $509,688 | - | - | $509,688 |
| Depreciation Depletion | - | $5,593 | - | $5,593 |
| Total Functional Expenses | $1,185,215 | $5,593 | $0 | $1,190,808 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $1,190,808 |
| Total Expenses per Audited Statements | $1,190,808 |
| Total Expenses per Form 990 | $1,190,808 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Note Payable | $3,299,000 |
| Resident Escrow Deposits | $1,215,538 |
| Bond | Issuer | Issued | Issue Price | Purpose |
|---|---|---|---|---|
| A | Public Finance Authority | 2015-12-30 | $14,825,000 | Purpose is to fund the pre-construction costs and expenses related to the |
| Bond | Total Proceeds | Spent | Retired | Issuance Costs |
|---|---|---|---|---|
| A | $8,356,260 | $1,992,771 | - | $167,125 |
“The board is fully responsible for all aspects of the community, but has engaged retirement living associates, inc. To oversee the day to day operations of the development of the facility.”
“Board reviews prior to filing.”
“The board is responsible for ensuring there are no conflicts of interest with board members. Board members complete annual conflict of interest statements.”
“The board reviews the management fee and compares it to industry standards.”
“Documents available upon request only”
“The exempt purpose is to be a full service continuing care retirement community designed to meet the special needs of the elderly for housing, health care services and financial security.”
“The organization adopted fasb asc 606 revenue from contracts with customers during the fiscal year ended december 31, 2018. The result of the cumulative effect decreased net assets by 1,576,193. In addition, capitalized cost and capitalized interest that were no longer in accordance with fasb 835-20-30 were restated resulting in a decrease in net assets of 1,161,239”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 4353000 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 4676629 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 4931 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 1771 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | THE EXEMPT PURPOSE IS TO BE A FULL SERVICE CONTINUING CARE RETIREMENT COMMUNITY DESIGNED TO MEET THE SPECIAL NEEDS OF THE ELDERLY FOR HOUSING, HEALTH CARE SERVICES AND FINANCIAL SECURITY. |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 675527 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 675527 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | false |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | RETIREMENT LIVING ASSOCIATES INC |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 9197830044 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 7200 CREEDMOOR ROAD SUITE 102 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | RALEIGH |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 27613 |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
| IRS990/CYOtherExpensesAmt | 0 | 1190808 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -1190808 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 1190808 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 0 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | true |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 5593 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 5593 |
| IRS990/Desc | 0 | TO PROVIDE CARE TO A RETIREMENT COMMUNITY BY PROVIDING HIGH QUALITY, FINANCIALLY SOUND LIFE CARE TO ITS RESIDENTS WITH CONVENIENCE TO HEALTH CARE, FOOD SERVICES, ACTIVITIES, ENTERTAINMENT AND OPPORTUNITIES FOR SOCIAL ENRICHMENT IN A LIFE CARE SETTING. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | true |
| IRS990/DocumentRetentionPolicyInd | 0 | false |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/EscrowAccountInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 1185215 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | ERNEST R CARRAWAY JR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | ROBERT DEYTON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | REV BETH THOMPSON |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VICE PRESIDE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | SECRETARY/TR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 2004 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 3 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 0 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 3 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 509688 |
| IRS990/InterestGrp/TotalAmt | 0 | 509688 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestTaxExemptBondsInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 6 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 59968 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 2050615 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 1861368 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 1921336 |
| IRS990/LegalDomicileStateCd | 0 | NC |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | THE EXEMPT PURPOSE IS TO BE A FULL SERVICE CONTINUING CARE RETIREMENT COMMUNITY DESIGNED TO MEET THE SPECIAL NEEDS OF THE ELDERLY FOR HOUSING, HEALTH CARE SERVICES AND FINANCIAL SECURITY. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | -6159356 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | -10087596 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OnBehalfOfIssuerInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 9456838 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 7559502 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 4141174 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 4514538 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrincipalOfficerNm | 0 | ERNEST R CARRAWAY JR |
| IRS990/PriorPeriodAdjustmentsAmt | 0 | -2737432 |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYOtherExpensesAmt | 0 | 5237 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -5237 |
| IRS990/PYTotalExpensesAmt | 0 | 5237 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -1190808 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | true |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 958179 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 1265529 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | THIS ENTITY IS STILL IN THE START-UP STAGE. IT IS CURRENTLY ACCEPTING DEPOSITS THAT ARE 100% REFUNDABLE. THE ENTITY HAS NOT REACHED THE LEVEL OF DEPOSITS THAT IT NEEDS TO BEGIN OPERATIONS. DURING 2015, PUBLIC FINANCE AUTHORITY ISSUED REVENUE BONDS IN THE AMOUNT OF 14,825,00 AT A DISCOUNT, MAKING AVAILABLE APPROXIMATELY 8,356,000 OF NET PROCEEDS TO FUND PRE-CONSTRUCTION DEVELOPMENT COSTS AND EXPENSES AS WELL AS TO REPAY LOANS. FOR THESE REASONS,THE ORGANIZATION SHOULD STILL BE TREATED AS A PUBLIC CHARITY. THE ORGANIZATION REQUESTS THAT IT BE CONSIDERED PUBLICLY SUPPORTED FOR THE PERIODS PRIOR TO OPERATION. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | SUPPLEMENTAL INFORMATION |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 12860 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 12860 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 12860 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 12860 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 12860 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 12860 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 12860 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 48611 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 59968 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 108579 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 1190808 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 1812757 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 1812757 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 4654850 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 2904652 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | START UP COST NET OF AMORTIZATION |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | ESCROWS AND RESERVES |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 3299000 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 1215538 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | NOTE PAYABLE |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | RESIDENT ESCROW DEPOSITS |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 1861368 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 7559502 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 1190808 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 4514538 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 1190808 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd | 0 | A |
| IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd | 0 | true |
| IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt | 0 | PUBLIC FINANCE AUTHORITY THE DIFFERENCE IN THE ISSUE PRICE AND THE PROCEEDS OF ISSUE IS THE DISCOUNT OF 6,468,740. |
| IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt | 1 | PUBLIC FINANCE AUTHORITY DEVELOPMENT OF A CONTINUING CARE RETIREMENT FACILITY IN GREENVILLE, NC |
| IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE K - DIFFERENCES IN ISSUE PRICE EXPLANATION |
| IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | SCHEDULE K - PURPOSE OF ISSUE DESCRIPTION |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd | 0 | A |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd | 0 | true |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt | 0 | 2015-12-30 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN | 0 | 273866124 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd | 0 | A |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum | 0 | 74444VAA8 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt | 0 | 14825000 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt | 0 | PUBLIC FINANCE AUTHORITY |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc | 0 | PURPOSE IS TO FUND THE PRE-CONSTRUCTION COSTS AND EXPENSES RELATED TO THE |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd | 0 | A |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd | 0 | true |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd | 0 | A |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt | 0 | 4099084 |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalizedInterestAmt | 0 | 712999 |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt | 0 | 167125 |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt | 0 | 1992771 |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr | 0 | 2015 |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt | 0 | 8356260 |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE EXEMPT PURPOSE IS TO BE A FULL SERVICE CONTINUING CARE RETIREMENT COMMUNITY DESIGNED TO MEET THE SPECIAL NEEDS OF THE ELDERLY FOR HOUSING, HEALTH CARE SERVICES AND FINANCIAL SECURITY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE BOARD IS FULLY RESPONSIBLE FOR ALL ASPECTS OF THE COMMUNITY, BUT HAS ENGAGED RETIREMENT LIVING ASSOCIATES, INC. TO OVERSEE THE DAY TO DAY OPERATIONS OF THE DEVELOPMENT OF THE FACILITY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | BOARD REVIEWS PRIOR TO FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE BOARD IS RESPONSIBLE FOR ENSURING THERE ARE NO CONFLICTS OF INTEREST WITH BOARD MEMBERS. BOARD MEMBERS COMPLETE ANNUAL CONFLICT OF INTEREST STATEMENTS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE BOARD REVIEWS THE MANAGEMENT FEE AND COMPARES IT TO INDUSTRY STANDARDS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | DOCUMENTS AVAILABLE UPON REQUEST ONLY |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | THE ORGANIZATION ADOPTED FASB ASC 606 REVENUE FROM CONTRACTS WITH CUSTOMERS DURING THE FISCAL YEAR ENDED DECEMBER 31, 2018. THE RESULT OF THE CUMULATIVE EFFECT DECREASED NET ASSETS BY 1,576,193. IN ADDITION, CAPITALIZED COST AND CAPITALIZED INTEREST THAT WERE NO LONGER IN ACCORDANCE WITH FASB 835-20-30 WERE RESTATED RESULTING IN A DECREASE IN NET ASSETS OF 1,161,239 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 12, PART XII, LINE 1 |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt | 0 | NA |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt | 0 | SPRINGSHIRE RETIREMENT LLC |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN | 0 | 200715337 |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd | 0 | NC |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt | 0 | LIFE CARE |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt | 0 | 2304 WESVILL COURT SUITE 310 |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm | 0 | RALEIGH |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd | 0 | 27607 |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt | 0 | 10135745 |
| IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt | 0 | 11584599 |
| IRS990/TaxExemptBondsInd | 0 | true |
| IRS990/TempOrPermanentEndowmentsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 12470563 |
| IRS990/TotalAssetsEOYAmt | 0 | 10688170 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 12470563 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 10688170 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 5593 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 1185215 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 1190808 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 18629919 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 20775766 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 18629919 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 20775766 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | -6159356 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | -10087596 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 1185215 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 12470563 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 10688170 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UnrestrictedNetAssetsGrp/BOYAmt | 0 | -6159356 |
| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | -10087596 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 8396 SIX FORKS ROAD |
| IRS990/USAddress/CityNm | 0 | RALEIGH |
| IRS990/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990/USAddress/ZIPCd | 0 | 27615 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 3 |
| IRS990/VotingMembersIndependentCnt | 0 | 3 |
| IRS990/WebsiteAddressTxt | 0 | WWW.SPRINGSHIRE.ORG |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2019-02-21 02:37:17Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | ERNEST R CARRAWAY JR |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2019-05-13 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | SPRINGSHIRE RETIREMENT COMMUNITY I |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | SPRI |
| ReturnHeader/Filer/EIN | 0 | 200715202 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 2304 WESVILL COURT RM/STE 100 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | RALEIGH |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 27607 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | 6432915AECFB292B455062822C9F530D42E0554E |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 6432915AECFB292B455062822C9F530D42E0554E |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 98.26.10.130 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2019-05-14 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | CD |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 15:52:42 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 561137607 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | JAMES A LUCAS AND COMPANY LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 4909 WESTERN BLVD STE 200 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | RALEIGH |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 276061749 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9198514696 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2019-05-13 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JOELLEN H WILKES |
| ReturnHeader/ReturnTs | 0 | 2019-05-14T15:52:42-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2018-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2018-12-31 |
| ReturnHeader/TaxYr | 0 | 2018 |
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Displayed year
2018 • Form 990Detailed filing. Detailed filing data is available for this year.