Civic Intelligence

Springshire Retirement Community Inc.

990 • Fiscal year 2022 • EIN 20-0715202

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 08, 2023

Organization ProfileWWW.SPRINGSHIRE.ORG
230 North Elm StreetGreensboro, NC 27401

(336) 271-2561

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

97th percentile

1.82x

Higher debt load relative to assets than 97% of similar nonprofits.

2022 filings • NTEE L • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

99th percentile

1813.44x

Higher debt load relative to revenue than 99% of similar nonprofits.

2022 filings • NTEE L • $10M-$25M nonprofits • Source year 2022

Net Margin

94th percentile

85%

Higher net margin than 94% of similar nonprofits.

2022 filings • NTEE L • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • NTEE L • $10M-$25M nonprofits • Source year 2022

Asset Growth

94th percentile

72%

Faster asset growth than 94% of similar nonprofits.

2022 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2022 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$13,119,434

Up $5,511,116 (+72%) from 2021

Net Assets

Up

-$10,705,566

Up $11,116 (+0.1%) from 2021

Liabilities

Up

$23,825,000

Up $5,500,000 (+30%) from 2021

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin94th percentile

Revenue

Down

$13,138

Down $8,867,281 (-100%) from 2021

Expenses

Flat

$2,022

Flat from 2021

Net Income

Down

$11,116

Down $8,867,281 (-100%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$20M$0-$20MAssets 2011: $2,721,730Liabilities 2011: $7,723,321Net Assets 2011: -$5,001,5912011Assets 2012: $2,481,367Liabilities 2012: $8,800,818Net Assets 2012: -$6,319,4512012Assets 2013: $2,326,087Liabilities 2013: $10,158,052Net Assets 2013: -$7,831,9652013Assets 2014: $2,273,738Liabilities 2014: $11,850,805Net Assets 2014: -$9,577,0672014Assets 2015: $8,901,092Liabilities 2015: $15,051,631Net Assets 2015: -$6,150,5392015Assets 2016: $10,675,327Liabilities 2016: $16,829,446Net Assets 2016: -$6,154,1192016Assets 2017: $12,470,563Liabilities 2017: $18,629,919Net Assets 2017: -$6,159,3562017Assets 2018: $10,688,170Liabilities 2018: $20,775,766Net Assets 2018: -$10,087,5962018Assets 2019: $11,923,519Liabilities 2019: $22,937,044Net Assets 2019: -$11,013,5252019Assets 2020: $4,110,576Liabilities 2020: $23,705,655Net Assets 2020: -$19,595,0792020Assets 2021: $7,608,318Liabilities 2021: $18,325,000Net Assets 2021: -$10,716,6822021Assets 2022: $13,119,434Liabilities 2022: $23,825,000Net Assets 2022: -$10,705,5662022Assets 2023: $13,209,902Liabilities 2023: $23,825,000Net Assets 2023: -$10,615,0982023Assets 2024: $13,228,935Liabilities 2024: $23,825,000Net Assets 2024: -$10,596,0652024

Highlighted filing

2022

Assets$13,119,434
Liabilities$23,825,000
Net Assets-$10,705,566
Open 2022 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $0Expenses 2011: $1,150,710Net Income 2011: -$1,150,7102011Revenue 2012: $0Expenses 2012: $1,317,860Net Income 2012: -$1,317,8602012Revenue 2013: $0Expenses 2013: $1,512,514Net Income 2013: -$1,512,5142013Revenue 2014: $0Expenses 2014: $1,745,102Net Income 2014: -$1,745,1022014Revenue 2015: $12,860Expenses 2015: $2,311Net Income 2015: $10,5492015Revenue 2016: $0Expenses 2016: $3,580Net Income 2016: -$3,5802016Revenue 2017: $0Expenses 2017: $5,237Net Income 2017: -$5,2372017Revenue 2018: $0Expenses 2018: $1,190,808Net Income 2018: -$1,190,8082018Revenue 2019: $0Expenses 2019: $925,929Net Income 2019: -$925,9292019Revenue 2020: $15,617Expenses 2020: $2,262,518Net Income 2020: -$2,246,9012020Revenue 2021: $8,880,419Expenses 2021: $2,022Net Income 2021: $8,878,3972021Revenue 2022: $13,138Expenses 2022: $2,022Net Income 2022: $11,1162022Revenue 2023: $109,243Expenses 2023: $2,022Net Income 2023: $107,2212023Revenue 2024: $12,711Expenses 2024: $2,022Net Income 2024: $10,6892024

Highlighted filing

2022

Revenue$13,138
Expenses$2,022
Net Income$11,116
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 8, 2023
Return Version
2022v5.0
Gross Receipts
$13,138
Mission and Program Overview

Mission

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.

Originally formed to operate as a continuing care retirement facility licensed under the laws of the state of north carolina, springshire changed its mission by moving from a continuing care retirement facility concept in favor of senior living retirement center. Springshire will continue to operate as a tax exempt facility pursuant to rev ruling 72-124 and rev ruling 79-18. As a major component of operating the senior living retirement facility, springshire wants to conduct activities and programs that are intergenerational in conjunction with a charter school. This will include programs and activities that will be an important aspect of greenville preparatory academy, its subsidiary, which will operate as a charter school, with obligations to provide intergenerational programs required from both communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,515,124$2,513,101▼ $2,023
Savings and Temporary Cash Investments$16,794$16,754▼ $40
Total Assets$7,608,318$13,119,434▲ $5,511,116
Other Assets Total$5,076,400$10,589,579▲ $5,513,179
Liabilities
Tax Exempt Bond Liabilities$14,825,000$14,825,000→ $0
Other Liabilities$3,500,000$9,000,000▲ $5,500,000
Total Liabilities$18,325,000$23,825,000▲ $5,500,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-10,716,682$-10,705,566▲ $11,116
Total Net Assets Fund Balance$-10,716,682$-10,705,566▲ $11,116
Total Liabilities and Net Assets / Fund Balance$7,608,318$13,119,434▲ $5,511,116

Asset Categories

AssetBook ValueDepreciationBasis
Land$2,472,580-$2,472,580
Equipment$40,521$68,058$108,579
Other Assets Org$3,858,103--
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
GEORGE O'GARROChair
Ken WalkerVice Chair
Patricia SingletonDirector
Dietrich M EvegeSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$13,138
Other Revenue
$0
Change in Net Assets
$11,116
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,022
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion-$2,022-$2,022
Total Functional Expenses$0$2,022$0$2,022
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan From Pioneer$9,000,000

Bond Issues

BondIssuerIssuedIssue PricePurpose
APublic Finance Authority2015-12-30$14,825,000Purpose is to fund the pre-construction costs and expenses related to the development of a continuin

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$8,356,260$3,085,826-$712,999

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Board reviews prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“The board is responsible for ensuring there are no conflicts of interest with board members. Board members complete annual conflict of interest statements.”

Form 990, Page 6, Part VI, Line 19

“Documents available upon request only”

Filing and Contact Details

Filer

Filer Name
Springshire Retirement Community
EIN
20-0715202
Address
230 NORTH ELM STREET, GREENSBORO, NC 27401

Signing Officer

Name
GEORGE O'GARRO
Title
Chair
Signed
2023-11-08

Organization Details

Principal Officer
GEORGE O'GARRO
Formed
2004
Legal Domicile
Nc
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
James a Lucas and Company Llp
Address
4909 WESTERN BLVD STE 200, RALEIGH, NC 27606
Preparer
Joellen H Wilkes
Phone
9198514696
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Originally formed to operate as a continuing care retirement facility licensed under the laws of the state of north carolina, springshire changed its mission by moving from a continuing care retirement facility concept in favor of senior living retirement center. Springshire will continue to operate as a tax exempt facility pursuant to rev ruling 72-124 and rev ruling 79-18. As a major component of operating the senior living retirement facility, springshire wants to conduct activities and programs that are intergenerational in conjunction with a charter school. This will include programs and activities that will be an important aspect of greenville preparatory academy, its subsidiary, which will operate as a charter school, with obligations to provide intergenerational programs required from both communities.”

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THIS ENTITY IS STILL IN THE START-UP STAGE. 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. IN 2021, THIS ENTITY RECEIVED A LOAN IN THE AMOUNT OF 3,500,000 AND IN 2022 THE ENTITY RECEIVED ADDITIONAL LOANS IN THE AMOUNT OF 2,500,000 IN JUNE OF 2022 AND 3,000,000 IN DECEMBER OF 2022 TO FUND PRE- CONSTRUCTION DEVELOPMENT COSTS AND EXPENSES. 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.
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IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0PUBLIC FINANCE AUTHORITY THE DIFFERENCE IN THE ISSUE PRICE AND THE PROCEEDS OF ISSUE IS THE DISCOUNT OF 6,468,740.
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt1PUBLIC FINANCE AUTHORITY PURPOSE IS TO FUND THE PRE-CONSTRUCTION COSTS AND EXPENSES RELATED TO THE DEVELOPMENT OF A CONTINUING CARE RETIREMENT FACILITY IN GREENVILLE, NC
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0DIFFERENCES IN ISSUE PRICE EXPLANATION
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc1PURPOSE OF ISSUE DESCRIPTION
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02015-12-30
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0273866124
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum074444VAA8
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt014825000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0PUBLIC FINANCE AUTHORITY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0PURPOSE IS TO FUND THE PRE-CONSTRUCTION COSTS AND EXPENSES RELATED TO THE DEVELOPMENT OF A CONTINUIN
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt04186515
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0712999
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt03085826
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02015
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt08356260
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORIGINALLY FORMED TO OPERATE AS A CONTINUING CARE RETIREMENT FACILITY LICENSED UNDER THE LAWS OF THE STATE OF NORTH CAROLINA, SPRINGSHIRE CHANGED ITS MISSION BY MOVING FROM A CONTINUING CARE RETIREMENT FACILITY CONCEPT IN FAVOR OF SENIOR LIVING RETIREMENT CENTER. SPRINGSHIRE WILL CONTINUE TO OPERATE AS A TAX EXEMPT FACILITY PURSUANT TO REV RULING 72-124 AND REV RULING 79-18. AS A MAJOR COMPONENT OF OPERATING THE SENIOR LIVING RETIREMENT FACILITY, SPRINGSHIRE WANTS TO CONDUCT ACTIVITIES AND PROGRAMS THAT ARE INTERGENERATIONAL IN CONJUNCTION WITH A CHARTER SCHOOL. THIS WILL INCLUDE PROGRAMS AND ACTIVITIES THAT WILL BE AN IMPORTANT ASPECT OF GREENVILLE PREPARATORY ACADEMY, ITS SUBSIDIARY, WHICH WILL OPERATE AS A CHARTER SCHOOL, WITH OBLIGATIONS TO PROVIDE INTERGENERATIONAL PROGRAMS REQUIRED FROM BOTH COMMUNITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD REVIEWS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD IS RESPONSIBLE FOR ENSURING THERE ARE NO CONFLICTS OF INTEREST WITH BOARD MEMBERS. BOARD MEMBERS COMPLETE ANNUAL CONFLICT OF INTEREST STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS AVAILABLE UPON REQUEST ONLY
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0SPRINGSHIRE RETIREMENT LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0200715337
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0LIFE CARE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0230 NORTH ELM ST SUITE 2000
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0GREENSBORO
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd027401
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0GREENVILLE PREPARATORY ACADEMY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0870937445
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0230 N ELM STREET SUITE 1900
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0GREENSBORO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd027401
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt014825000
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt014825000
IRS990/TaxExemptBondsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07608318
IRS990/TotalAssetsEOYAmt013119434
IRS990/TotalAssetsGrp/BOYAmt07608318
IRS990/TotalAssetsGrp/EOYAmt013119434
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02022
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02022
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt018325000
IRS990/TotalLiabilitiesEOYAmt023825000
IRS990/TotalLiabilitiesGrp/BOYAmt018325000
IRS990/TotalLiabilitiesGrp/EOYAmt023825000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-10716682
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-10705566
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt013138
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt013138
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07608318
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt013119434
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0230 NORTH ELM ST
IRS990/USAddress/AddressLine2Txt0SUITE 1900
IRS990/USAddress/CityNm0GREENSBORO
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027401
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.SPRINGSHIRE.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0GEORGE O'GARRO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SPRINGSHIRE RETIREMENT COMMUNITY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC
ReturnHeader/Filer/BusinessNameControlTxt0SPRI
ReturnHeader/Filer/EIN0200715202
ReturnHeader/Filer/USAddress/AddressLine1Txt0230 NORTH ELM STREET
ReturnHeader/Filer/USAddress/CityNm0GREENSBORO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027401
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561137607
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JAMES A LUCAS AND COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04909 WESTERN BLVD STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RALEIGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027606
ReturnHeader/PreparerPersonGrp/PhoneNum09198514696
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOELLEN H WILKES
ReturnHeader/ReturnTs02023-11-15T14:26:08-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GEORGE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0OGARRO
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,119,434
Liabilities
$23,825,000
Net assets
-$10,705,566
Revenue
$13,138
Expenses
$2,022
Net income
$11,116
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.2$23.8$10.6$0.01$0.00$0.01
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.2$23.8$10.6$0.11$0.00$0.11
2022Detailed filing. Detailed filing data is available for this year.$13.1$23.8$10.7$0.01$0.00$0.01
2021Detailed filing. Detailed filing data is available for this year.$7.61$18.3$10.7$8.88$0.00$8.88
2020Detailed filing. Detailed filing data is available for this year.$4.11$23.7$19.6$0.02$2.26$2.25
2019Detailed filing. Detailed filing data is available for this year.$11.9$22.9$11.0$0.00$0.93$0.93
2018Detailed filing. Detailed filing data is available for this year.$10.7$20.8$10.1$0.00$1.19$1.19
2017Detailed filing. Detailed filing data is available for this year.$12.5$18.6$6.16$0.00$0.01$0.01
2016Detailed filing. Detailed filing data is available for this year.$10.7$16.8$6.15$0.00$0.00$0.00
2015Detailed filing. Detailed filing data is available for this year.$8.90$15.1$6.15$0.01$0.00$0.01
2014Summary only. Only limited summary data is available for this year.$2.27$11.9$9.58$0.00$1.75$1.75
2013Summary only. Only limited summary data is available for this year.$2.33$10.2$7.83$0.00$1.51$1.51
2012Summary only. Only limited summary data is available for this year.$2.48$8.80$6.32$0.00$1.32$1.32
2011Summary only. Only limited summary data is available for this year.$2.72$7.72$5.00$0.00$1.15$1.15
Peer Organizations

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