Civic Intelligence

Springmoor Inc.

990 • Fiscal year 2015 • EIN 56-1368256

Jan 01, 2015 to Dec 31, 2015 • Filed on May 16, 2016

1500 Sawmill RoadRaleigh, NC 27615

(919) 848-7000

Siviq Scores

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

Liabilities / Assets

96th percentile

1.20x

Higher debt load relative to assets than 96% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Liabilities / Revenue

83rd percentile

1.97x

Higher debt load relative to revenue than 83% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Net Margin

21st percentile

-3.2%

Higher net margin than 21% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Top Officer Pay

4th percentile

$450

Higher top officer pay than 4% of similar nonprofits.

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

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Asset Growth

52nd percentile

2.3%

Faster asset growth than 52% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Revenue Growth

50th percentile

4.2%

Faster revenue growth than 50% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Assets

Up

$59,203,023

Up $1,331,391 (+2.3%) from 2014

Net Assets

Down

-$11,546,310

Down $1,137,055 (-11%) from 2014

Liabilities

Up

$70,749,333

Up $2,468,446 (+3.6%) from 2014

Revenue

Up

$35,978,308

Up $1,436,855 (+4.2%) from 2014

Expenses

Up

$37,115,363

Up $882,772 (+2.4%) from 2014

Net Income

Up

-$1,137,055

Up $554,083 (+33%) from 2014

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0-$50MAssets 2011: $54,962,343Liabilities 2011: $36,694,927Net Assets 2011: $18,267,4162011Assets 2012: $55,460,292Liabilities 2012: $36,813,415Net Assets 2012: $18,646,8772012Assets 2013: $57,732,602Liabilities 2013: $38,783,724Net Assets 2013: $18,948,8782013Assets 2014: $57,871,632Liabilities 2014: $68,280,887Net Assets 2014: -$10,409,2552014Assets 2015: $59,203,023Liabilities 2015: $70,749,333Net Assets 2015: -$11,546,3102015Assets 2016: $57,683,959Liabilities 2016: $73,457,646Net Assets 2016: -$15,773,6872016Assets 2017: $58,716,030Liabilities 2017: $75,339,431Net Assets 2017: -$16,623,4012017Assets 2018: $58,013,105Liabilities 2018: $76,468,604Net Assets 2018: -$18,455,4992018Assets 2019: $58,513,591Liabilities 2019: $77,096,553Net Assets 2019: -$18,582,9622019Assets 2020: $58,547,954Liabilities 2020: $75,692,383Net Assets 2020: -$17,144,4292020Assets 2021: $57,744,266Liabilities 2021: $76,959,914Net Assets 2021: -$19,215,6482021Assets 2022: $114,513,623Liabilities 2022: $139,348,890Net Assets 2022: -$24,835,2672022Assets 2023: $111,795,876Liabilities 2023: $136,811,400Net Assets 2023: -$25,015,5242023Assets 2024: $111,805,869Liabilities 2024: $137,055,911Net Assets 2024: -$25,250,0422024

Highlighted filing

2015

Assets$59,203,023
Liabilities$70,749,333
Net Assets-$11,546,310

Operations Trend

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

$60M$40M$20M$0-$20MRevenue 2011: $35,055,613Expenses 2011: $31,694,641Net Income 2011: $3,360,9722011Revenue 2012: $33,140,587Expenses 2012: $32,761,126Net Income 2012: $379,4612012Revenue 2013: $34,563,917Expenses 2013: $34,261,916Net Income 2013: $302,0012013Revenue 2014: $34,541,453Expenses 2014: $36,232,591Net Income 2014: -$1,691,1382014Revenue 2015: $35,978,308Expenses 2015: $37,115,363Net Income 2015: -$1,137,0552015Revenue 2016: $33,625,691Expenses 2016: $37,853,068Net Income 2016: -$4,227,3772016Revenue 2017: $36,082,815Expenses 2017: $36,932,529Net Income 2017: -$849,7142017Revenue 2018: $38,503,859Expenses 2018: $37,404,507Net Income 2018: $1,099,3522018Revenue 2019: $38,535,108Expenses 2019: $38,662,571Net Income 2019: -$127,4632019Revenue 2020: $38,045,737Expenses 2020: $36,607,204Net Income 2020: $1,438,5332020Revenue 2021: $37,768,204Expenses 2021: $39,842,573Net Income 2021: -$2,074,3692021Revenue 2022: $40,800,832Expenses 2022: $40,703,048Net Income 2022: $97,7842022Revenue 2023: $42,539,253Expenses 2023: $44,719,921Net Income 2023: -$2,180,6682023Revenue 2024: $44,919,208Expenses 2024: $45,153,726Net Income 2024: -$234,5182024

Highlighted filing

2015

Revenue$35,978,308
Expenses$37,115,363
Net Income-$1,137,055
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 16, 2016
Return Version
2015v2.1
Gross Receipts
$35,978,308
Mission and Program Overview

Mission

Springmoor is a nationally accredited full service life care retirement community designed to emphasize independent living, dignity, security, and peace of mind. It offers a wide range of residences, services, amenities and comprehensive health care. Springmoor is designed to provide active, independent retirement living while providing for existing and future health and personal care needs. Springmoor's health care program gives each resident a strong sense of security, life with dignity, lifetime care, personal safety and financial security, as well as interaction and companionship with many fine neighbors who have common interests.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$35,320,296$35,320,296→ $0
Land, Buildings, and Equipment, Net$14,472,309$14,595,543▲ $123,234
Savings and Temporary Cash Investments$6,431,507$8,015,364▲ $1,583,857
Accounts Receivable$1,066,803$1,221,950▲ $155,147
Prepaid Expenses and Deferred Charges$577,061$45,199▼ $531,862
Inventories for Sale or Use$3,656$4,671▲ $1,015
Total Assets$57,871,632$59,203,023▲ $1,331,391
Liabilities
Other Liabilities$35,536,412$36,075,560▲ $539,148
Deferred Revenue$26,783,676$29,509,983▲ $2,726,307
Mortgage Notes Payable Secured by Investment Property$5,281,135$4,533,851▼ $747,284
Accounts Payable and Accrued Expenses$679,664$629,939▼ $49,725
Total Liabilities$68,280,887$70,749,333▲ $2,468,446
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,918$2,608▼ $310
Unrestricted Net Assets$-10,412,173$-11,548,918▼ $1,136,745
Total Net Assets Fund Balance$-10,409,255$-11,546,310▼ $1,137,055
Total Liabilities and Net Assets / Fund Balance$57,871,632$59,203,023▲ $1,331,391

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$14,595,543$9,386,990$23,982,533
Compensation and Service Providers

Employees

NameTitleBaseTotal
Albert CallowayDirector$450$450
Charles B BallardPresident$450$450
Edith SimpsonSec/treas$450$450
Ernest CarrawayVice Preside$450$450
Nina ColeDirector$450$450
Robert CookDirector$450$450
William BaxleyDirector$450$450

Highest Paid Contractors

ContractorServicesLocationCompensation
Ammons Springmoor Associates INCManagement2304 WESVILL COURT SUITE 310, Raleigh, NC 27607$698,000
Revenue and Support

Revenue Composition

Contributions and Grants
$956
Program Service Revenue
$32,504,052
Investment Income
$3,473,300
Other Revenue
$0
All Other Contributions
$956
Change in Net Assets
$-1,137,055

Audited Revenue Reconciliation

Revenue per Audited Statements
$35,978,308
Total Revenue per Audited Statements
$35,978,308
Total Revenue per Form 990
$35,978,308
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$36,829,288
Grants and Similar Amounts Paid$282,925
Salaries, Compensation, and Employee Benefits$3,150
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy-$12,329,681-$12,329,681
All Other Expenses$1,859,675$758,472-$2,618,147
Other Expenses$851,722$17,764-$851,722
Depreciation Depletion-$723,275-$723,275
Fees for Services Management-$698,000-$698,000
Grants to Domestic Individuals$282,925--$282,925
Insurance-$238,008-$238,008
Advertising-$203,178-$203,178
Office Expenses$48,327$126,745-$175,072
Fees for Services Accounting-$140,635-$140,635
Interest-$89,102-$89,102
Travel$20,358$1,315-$21,673
Fees for Services Legal-$3,617-$3,617
Current Officers, Directors, Trustees, and Key Employees-$3,150-$3,150
Total Functional Expenses$19,406,037$17,709,326$0$37,115,363

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$37,115,363
Total Expenses per Audited Statements$37,115,363
Total Expenses per Form 990$37,115,363
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
See Explanation Below--No-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Advance Fees$29,418,600
Deferred Lease Expense Payable$5,633,343
Waiting List Deposits$1,023,617
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Springmoor, inc. Is managaed by ammons springmoor associates, inc. There is a management contract in place and while the annual cost is 698,000, the management company handles everything for the organization.

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

This form 990 is reviewed by the organization's accounting staff and executive director prior to filing and is provided to the board prior to filing.

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

Each member of the board signs a conflict of interest statement annually and it is kept on file. Management relies on the board to remedy any conflict of interest.

Form 990, Page 6, Part VI, Line 15A

The board negotiates the contract with the management company.

Form 990, Page 6, Part VI, Line 15B

The compensation of other key employees is determined by independent parties using comparable data.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to public upon request.

Filing and Contact Details

Filer

Filer Name
Springmoor Inc
EIN
56-1368256
Phone
9198487000
Address
1500 SAWMILL ROAD, RALEIGH, NC 27615

Signing Officer

Name
Charles B Ballard
Title
President
Phone
9198487000
Signed
2016-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles B Ballard
Formed
1983
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
James a Lucas and Company Llp
Address
4909 WESTERN BLVD STE 200, RALEIGH, NC 27606-1749
Preparer
Joellen H Wilkes
Phone
9198514696
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Springmoor is a nationally accredited full service life care retirement community designed to emphasize independent living, dignity, security, and peace of mind. It offers a wide range of residences, services, amenities and comprehensive health care. Springmoor is designed to provide active, independent retirement living while providing for existing and future health and personal care needs. Springmoor's health care program gives each resident a strong sense of security, life with dignity, lifetime care, personal safety and financial security, as well as interaction and companionship with many fine neighbors who have common interests.

Financial Statement Notes

Schedule D, Page 3, Part X

Accounting for uncertainty in income taxes management has evaluated the effect of the guidance provided by u.s. Generally accepted accounting principles on accounting for uncertainty in income taxes. The organization's policy is to record a liability for any tax position taken that is beneficial to the organization, including any related interest and penalties, when it is more likely than not the position taken by management with respect to a transaction or class of transactions will be overturned by a taxing authority upon examination. Management believes that the organization continues to satisfy the requirements of a tax-exempt organization at december 31, 2015. Management has evaluated all other tax positions that could have a significant affect on the financial statements and determined the organization had no uncertain income tax positions at december 31, 2015 and, accordingly, no liability has been accrued.

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IRS990/MissionDesc0SPRINGMOOR IS A NATIONALLY ACCREDITED FULL SERVICE LIFE CARE RETIREMENT COMMUNITY DESIGNED TO EMPHASIZE INDEPENDENT LIVING, DIGNITY, SECURITY, AND PEACE OF MIND. IT OFFERS A WIDE RANGE OF RESIDENCES, SERVICES, AMENITIES AND COMPREHENSIVE HEALTH CARE. SPRINGMOOR IS DESIGNED TO PROVIDE ACTIVE, INDEPENDENT RETIREMENT LIVING WHILE PROVIDING FOR EXISTING AND FUTURE HEALTH AND PERSONAL CARE NEEDS. SPRINGMOOR'S HEALTH CARE PROGRAM GIVES EACH RESIDENT A STRONG SENSE OF SECURITY, LIFE WITH DIGNITY, LIFETIME CARE, PERSONAL SAFETY AND FINANCIAL SECURITY, AS WELL AS INTERACTION AND COMPANIONSHIP WITH MANY FINE NEIGHBORS WHO HAVE COMMON INTERESTS.
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IRS990/OtherExpensesGrp/Desc0ADMINISTRATIVE SERVICES
IRS990/OtherExpensesGrp/Desc1FOOD COSTS
IRS990/OtherExpensesGrp/Desc2MAINTENANCE AND SUPPLIES
IRS990/OtherExpensesGrp/Desc3BUILDING MAINTENANCE
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IRS990/PrincipalOfficerNm0CHARLES B BALLARD
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IRS990/ProgramServiceRevenueGrp/Desc1REIMBURSEMENTS
IRS990/ProgramServiceRevenueGrp/Desc2HOMECARE AND WELLNESS INCOME
IRS990/ProgramServiceRevenueGrp/Desc3FOOD SERVICE INCOME
IRS990/ProgramServiceRevenueGrp/Desc4HAIRSTYLE SHOP INCOME
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IRS990/RelatedEntityInd0false
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt0135796
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0699107
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0956
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt04602
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt03473300
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt03507125
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt032504052
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt031019362
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt031543120
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0155750630
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03473300
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IRS990ScheduleA/InvestmentIncomeCYPct00.10000
IRS990ScheduleA/InvestmentIncomePYPct00.10000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.89500
IRS990ScheduleA/PublicSupportPY509Pct00.89330
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0104194
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0185080
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0163816
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0135796
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0699107
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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt032505008
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt031037929
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt031058281
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt029633462
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt031543120
IRS990ScheduleA/Total509Grp/TotalAmt0155777800
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt035978308
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt034541453
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt034563917
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt033140587
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt035055613
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0173279878
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt014595543
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09386990
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt023982533
IRS990ScheduleD/ExpensesSubtotalAmt037115363
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt029418600
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15633343
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21023617
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REFUNDABLE ADVANCE FEES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED LEASE EXPENSE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2WAITING LIST DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt035978308
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED BY U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE ORGANIZATION'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE ORGANIZATION, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THAT THE ORGANIZATION CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AT DECEMBER 31, 2015. MANAGEMENT HAS EVALUATED ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT AFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THE ORGANIZATION HAD NO UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2015 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt014595543
IRS990ScheduleD/TotalExpensesPerForm990Amt037115363
IRS990ScheduleD/TotalLiabilityAmt036075560
IRS990ScheduleD/TotalRevenuePerForm990Amt035978308
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt035978308
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt037115363
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0282925
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SUBSIDIES
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt07
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0SEE EXPLANATION BELOW
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0THIS INFORMATION IS BEING PROVIDED FOR FULL DISCLOSURE ONLY. THE INDIVIDUALS ARE NOT NOW AND NEVER WERE ON THE BOARD OF DIRECTORS. JUSTUS AMMONS AND JO ELLEN AMMONS (DECEASED IN FEBRUARY, 2014) ARE PARTNERS IN AMMONS-SPRINGMOOR ASSOC., LLC (ASA) AND SHAREHOLDERS IN AMMONS, INC. SPRINGMOOR, INC. LEASES IT'S FACILITIES FROM ASA AND AMMONS, INC. IN 2015 SPRINGMOOR, INC. PAID ASA RENT OF 9,100,824 AND AMMONS, INC RENT OF 1,969,220 AMMONS SPRINGMOOR ASSOCIATES, INC IS A CLOSELY HELD CORPORATION WHOSE MAJORITY SHAREHOLDER IS DAVID AMMONS, SON OF JUSTUS AND JO ELLEN AMMONS. ASAI PROVIDES MANAGEMENT SERVICES FOR SPRINGMOOR, INC. IN 2015, SPRINGMOOR, INC. PAID ASAI 698,000 IN MANAGEMENT FEES. SPRINGMOOR, INC. HAS LOANED MONEY TO ASA AND AI. AS OF DECEMBER 31, 2015, ASA OWED SPRINGMOOR, INC. 27,243,119 AND AI OWED SPRINGMOOR, INC. 8,077,177. THE LEASING AND BORROWING TRANSACTIONS BETWEEN AMMONS, INC. AND AMMONS SPRINGMOOR ASSOCIATES WERE REVIEWED BY THE INTERNAL REVENUE SERVICE NATIONAL OFFICE IN 1991 AND THE NATIONAL OFFICE RULED THESE TRANSACTIONS DID NOT THREATEN SPRINGMOOR, INC.'S TAX EXEMPT STATUS IN ANY WAY. SUBSEQUENTLY, THE TRANSACTIONS WERE REVIEWED IN THE AUDIT OF THE 2012 FORM 990 AND THE AUDITOR AGREED WITH THE PREVIOUS FINDINGS FROM 1991.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SPRINGMOOR IS A NATIONALLY ACCREDITED FULL SERVICE LIFE CARE RETIREMENT COMMUNITY DESIGNED TO EMPHASIZE INDEPENDENT LIVING, DIGNITY, SECURITY, AND PEACE OF MIND. IT OFFERS A WIDE RANGE OF RESIDENCES, SERVICES, AMENITIES AND COMPREHENSIVE HEALTH CARE. SPRINGMOOR IS DESIGNED TO PROVIDE ACTIVE, INDEPENDENT RETIREMENT LIVING WHILE PROVIDING FOR EXISTING AND FUTURE HEALTH AND PERSONAL CARE NEEDS. SPRINGMOOR'S HEALTH CARE PROGRAM GIVES EACH RESIDENT A STRONG SENSE OF SECURITY, LIFE WITH DIGNITY, LIFETIME CARE, PERSONAL SAFETY AND FINANCIAL SECURITY, AS WELL AS INTERACTION AND COMPANIONSHIP WITH MANY FINE NEIGHBORS WHO HAVE COMMON INTERESTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SPRINGMOOR, INC. IS MANAGAED BY AMMONS SPRINGMOOR ASSOCIATES, INC. THERE IS A MANAGEMENT CONTRACT IN PLACE AND WHILE THE ANNUAL COST IS 698,000, THE MANAGEMENT COMPANY HANDLES EVERYTHING FOR THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THIS FORM 990 IS REVIEWED BY THE ORGANIZATION'S ACCOUNTING STAFF AND EXECUTIVE DIRECTOR PRIOR TO FILING AND IS PROVIDED TO THE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH MEMBER OF THE BOARD SIGNS A CONFLICT OF INTEREST STATEMENT ANNUALLY AND IT IS KEPT ON FILE. MANAGEMENT RELIES ON THE BOARD TO REMEDY ANY CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD NEGOTIATES THE CONTRACT WITH THE MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE COMPENSATION OF OTHER KEY EMPLOYEES IS DETERMINED BY INDEPENDENT PARTIES USING COMPARABLE DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS ARE MADE AVAILABLE TO PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt057871632
IRS990/TotalAssetsEOYAmt059203023
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IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt019406037
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/BOYAmt068280887
IRS990/TotalLiabilitiesGrp/EOYAmt070749333
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-10409255
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IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0212307
IRS990/TotalProgramServiceExpensesAmt019406037
IRS990/TotalProgramServiceRevenueAmt032504052
IRS990/TotalReportableCompFromOrgAmt03150
IRS990/TotalRevenueGrp/ExclusionAmt03473300

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$112$137$25.3$44.9$45.2$0.23
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$112$137$25.0$42.5$44.7$2.18
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$115$139$24.8$40.8$40.7$0.10
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$57.7$77.0$19.2$37.8$39.8$2.07
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$58.5$75.7$17.1$38.0$36.6$1.44
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$58.5$77.1$18.6$38.5$38.7$0.13
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$58.0$76.5$18.5$38.5$37.4$1.10
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$58.7$75.3$16.6$36.1$36.9$0.85
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$57.7$73.5$15.8$33.6$37.9$4.23
2015Detailed filing. Detailed filing data is available for this year.$59.2$70.7$11.5$36.0$37.1$1.14
2014Detailed filing. Detailed filing data is available for this year.$57.9$68.3$10.4$34.5$36.2$1.69
2013Summary only. Only limited summary data is available for this year.$57.7$38.8$18.9$34.6$34.3$0.30
2012Summary only. Only limited summary data is available for this year.$55.5$36.8$18.6$33.1$32.8$0.38
2011Summary only. Only limited summary data is available for this year.$55.0$36.7$18.3$35.1$31.7$3.36