Civic Intelligence

Springmoor Inc.

990 • Fiscal year 2024 • EIN 56-1368256

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 11, 2025

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

1.23x

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

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

87th percentile

3.05x

Higher debt load relative to revenue than 87% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

31st percentile

-0.5%

Higher net margin than 31% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

5th percentile

$450

Higher top officer pay than 5% of similar nonprofits.

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

2024 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

21st percentile

0.0%

Faster asset growth than 21% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

41st percentile

5.6%

Faster revenue growth than 41% of similar nonprofits.

2024 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$111,805,869

Up $9,993 (+0.0%) from 2023

Net Assets

Down

-$25,250,042

Down $234,518 (-0.9%) from 2023

Liabilities

Up

$137,055,911

Up $244,511 (+0.2%) from 2023

Revenue

Up

$44,919,208

Up $2,379,955 (+5.6%) from 2023

Expenses

Up

$45,153,726

Up $433,805 (+1.0%) from 2023

Net Income

Up

-$234,518

Up $1,946,150 (+89%) from 2023

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

2024

Assets$111,805,869
Liabilities$137,055,911
Net Assets-$25,250,042

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

2024

Revenue$44,919,208
Expenses$45,153,726
Net Income-$234,518
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 11, 2025
Return Version
2024v5.0
Gross Receipts
$45,145,059
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$19,870,339$22,351,247▲ $2,480,908
Savings and Temporary Cash Investments$7,594,508$8,487,305▲ $892,797
Prepaid Expenses and Deferred Charges$213,519$875,246▲ $661,727
Accounts Receivable$330,134$383,766▲ $53,632
Inventories for Sale or Use$5,883$8,548▲ $2,665
Total Assets$111,795,876$111,805,869▲ $9,993
Other Assets Total$48,461,197$44,379,461▼ $4,081,736
Liabilities
Other Liabilities$105,873,390$104,936,625▼ $936,765
Deferred Revenue$29,863,259$30,792,566▲ $929,307
Accounts Payable and Accrued Expenses$1,074,751$1,326,720▲ $251,969
Total Liabilities$136,811,400$137,055,911▲ $244,511
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,741$2,441▼ $300
Net Assets Without Donor Restrictions$-25,018,265$-25,252,483▼ $234,218
Total Net Assets Fund Balance$-25,015,524$-25,250,042▼ $234,518
Total Liabilities and Net Assets / Fund Balance$111,795,876$111,805,869▲ $9,993

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$21,324,253$8,707,767$30,032,020
Equipment$1,026,994$6,403,073$7,430,067
Other Assets Org$9,608--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Charles B BallardPresident$450$450
Ernest CarrawayVice Preside$450$450
Judy HillSecretary$450$450
Mary Ann FreemanDirector$450$450
Nina ColeDirector$450$450
Susan WaltonDirector$450$450
William BaxleyDirector$450$450

Highest Paid Contractors

ContractorServicesLocationCompensation
Ammons Springmoor Associates INCManagement2304 WESVILL COURT SUITE 100, Raleigh, NC 27607$750,000
Revenue and Support

Revenue Composition

Contributions and Grants
$81,825
Program Service Revenue
$41,191,735
Investment Income
$3,645,648
Other Revenue
$0
All Other Contributions
$81,825
Change in Net Assets
$-234,518

Audited Revenue Reconciliation

Revenue per Audited Statements
$44,919,208
Total Revenue per Audited Statements
$44,919,208
Total Revenue per Form 990
$44,919,208
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$44,713,488
Grants and Similar Amounts Paid$440,238
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$3,958,942$289,027-$4,247,969
Other Expenses$1,979,707$25,926-$2,005,633
Occupancy$1,457,749--$1,457,749
Depreciation Depletion$918,920--$918,920
Fees for Services Management-$750,000-$750,000
Grants to Domestic Individuals$440,238--$440,238
Office Expenses$31,837$346,258-$378,095
Insurance$334,292--$334,292
Advertising-$283,216-$283,216
Fees for Services Accounting-$166,252-$166,252
Interest$144,731--$144,731
Fees for Services Other-$13,850-$13,850
Fees for Services Legal-$12,360-$12,360
Travel$4,836$2,273-$7,109
Total Functional Expenses$41,563,155$3,590,571$0$45,153,726

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$45,153,726
Total Expenses per Audited Statements$45,153,726
Total Expenses per Form 990$45,153,726
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
Lease Liablility-right of Use Assets$49,671,004
Refundable Advance Fees$36,000,481
Deferred Lease Expense Payable$8,075,915
Notes Payable$6,400,990
Waiting List Deposits$4,788,235
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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

The board of directors is fully responsible for all aspects of providing services and amenities contracted with the residents and they contract with a management company to provide the day to day services associated with staffing, licensing and overseeing operations while maintaining control per the management agreement.

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
2025-11-11
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
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.

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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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0-25015524
IRS990/NetAssetsOrFundBalancesEOYAmt0-25250042
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-210851
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-210851
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-25018265
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-25252483
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt01457749
IRS990/OccupancyGrp/TotalAmt01457749
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0346258
IRS990/OfficeExpensesGrp/ProgramServicesAmt031837
IRS990/OfficeExpensesGrp/TotalAmt0378095
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt048461197
IRS990/OtherAssetsTotalGrp/EOYAmt044379461
IRS990/OtherExpensesGrp/Desc0ADMINISTRATIVE SERVICES
IRS990/OtherExpensesGrp/Desc1LEASE EXPENSE
IRS990/OtherExpensesGrp/Desc2FOOD COSTS
IRS990/OtherExpensesGrp/Desc3MAINTENANCE AND SUPPLIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01686277
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt115132
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt225926
IRS990/OtherExpensesGrp/ProgramServicesAmt018566456
IRS990/OtherExpensesGrp/ProgramServicesAmt111586643
IRS990/OtherExpensesGrp/ProgramServicesAmt22138804
IRS990/OtherExpensesGrp/ProgramServicesAmt31979707
IRS990/OtherExpensesGrp/TotalAmt020252733
IRS990/OtherExpensesGrp/TotalAmt111601775
IRS990/OtherExpensesGrp/TotalAmt22138804
IRS990/OtherExpensesGrp/TotalAmt32005633
IRS990/OtherLiabilitiesGrp/BOYAmt0105873390
IRS990/OtherLiabilitiesGrp/EOYAmt0104936625
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt035320296
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt035320296
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0213519
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0875246
IRS990/PrincipalOfficerNm0CHARLES B BALLARD
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0FEES FROM RESIDENTS
IRS990/ProgramServiceRevenueGrp/Desc1HOMECARE AND WELLNESS INCOME
IRS990/ProgramServiceRevenueGrp/Desc2REIMBURSEMENTS
IRS990/ProgramServiceRevenueGrp/Desc3MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/Desc4FOOD SERVICE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt038397433
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11048368
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2820834
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3316127
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4197358
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt038397433
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11048368
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2820834
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3316127
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4197358
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt058070
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0406643
IRS990/PYInvestmentIncomeAmt03606735
IRS990/PYOtherExpensesAmt044310578
IRS990/PYProgramServiceRevenueAmt038874448
IRS990/PYRevenuesLessExpensesAmt0-2180668
IRS990/PYSalariesCompEmpBnftPaidAmt02700
IRS990/PYTotalExpensesAmt044719921
IRS990/PYTotalRevenueAmt042539253
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-234518
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt041191735
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07594508
IRS990/SavingsAndTempCashInvstGrp/EOYAmt08487305
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt044089
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt059925
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt065043
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt062135
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0231192
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt081825
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt058070
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt062186
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01625
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01050
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0204756
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt03856499
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt03606735
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt03538508
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt03477302
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03492412
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt017971456
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt041191735
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt038874448
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt037200138
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt034289277
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt034552275
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0186107873
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03856499
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt03606735
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt03538508
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt03477302
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03492412
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt017971456
IRS990ScheduleA/InvestmentIncomeCYPct00.09000
IRS990ScheduleA/InvestmentIncomePYPct00.09000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.91090
IRS990ScheduleA/PublicSupportPY509Pct00.90830
IRS990ScheduleA/PublicSupportTotal509Amt0186081437
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt044089
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt059925
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt065043
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt062135
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0231192
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt041273560
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt038932518
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt037262324
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt034290902
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt034553325
IRS990ScheduleA/Total509Grp/TotalAmt0186312629
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt045130059
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt042539253
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt040800832
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt037768204
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt038045737
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0204284085
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt021324253
IRS990ScheduleD/BuildingsGrp/DepreciationAmt08707767
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt030032020
IRS990ScheduleD/EquipmentGrp/BookValueAmt01026994
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06403073
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07430067
IRS990ScheduleD/ExpensesSubtotalAmt045153726
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt044087898
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1281955
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt29608
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RIGHT OF USE ASSETS NET OF AMORT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1UMIC SUBSCRIBERS SAVINGS ACCT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2INVESTMENT-UNITY SENIOR CARE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt049671004
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt136000481
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt28075915
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt36400990
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt44788235
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE LIABLILITY-RIGHT OF USE ASSETS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1REFUNDABLE ADVANCE FEES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFERRED LEASE EXPENSE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3NOTES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4WAITING LIST DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt044919208
IRS990ScheduleD/TotalBookValueLandBuildingsAmt022351247
IRS990ScheduleD/TotalBookValueOtherAssetsAmt044379461
IRS990ScheduleD/TotalExpensesPerForm990Amt045153726
IRS990ScheduleD/TotalLiabilityAmt0104936625
IRS990ScheduleD/TotalRevenuePerForm990Amt044919208
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt044919208
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt045153726
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0440238
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SUBSIDIES
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt010
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0RESIDENTS REQUESTING ASSISTANCE APPLY AND A COMMITTEE ANALYZES THEIR REQUEST ALONG WITH THEIR FINANCIAL INFORMATION AND DETERMINES ELIGIBILITY. THE COMMITTEE BRINGS THE ELIGIBLE REQUESTS TO THE BOARD FOR APPROVAL.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0SEE EXPLANATION BELOW
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0SPRINGMOOR, INC. LEASES IT'S FACILITIES FROM AMMONS-SPRINGMOOR ASSOC, LLC (ASA) AND AMMONS, INC. IN 2024 SPRINGMOOR, INC. PAID ASA RENT OF 11,659,323 AND AMMONS, INC RENT OF 2,160,815. AMMONS SPRINGMOOR ASSOCIATES, INC (ASAI)IS A CLOSELY HELD CORPORATION WHOSE MAJORITY SHAREHOLDER IS DAVID AMMONS. ASAI PROVIDES MANAGEMENT SERVICES FOR SPRINGMOOR, INC. IN 2024, SPRINGMOOR, INC. PAID ASAI 750,000 IN MANAGEMENT FEES. SPRINGMOOR, INC. HAS LOANED MONEY TO ASA AND AMMONS INC. AS OF DECEMBER 31, 2024, ASA OWED SPRINGMOOR, INC. 27,243,119 AND AMMONS INC. OWED SPRINGMOOR, INC. 8,077,177. THE LEASING AND BORROWING TRANSACTIONS BETWEEN AMMONS, INC. AND AMMONS- SPRINGMOOR ASSOC, LLC 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/ExplanationTxt1THE BOARD OF DIRECTORS IS FULLY RESPONSIBLE FOR ALL ASPECTS OF PROVIDING SERVICES AND AMENITIES CONTRACTED WITH THE RESIDENTS AND THEY CONTRACT WITH A MANAGEMENT COMPANY TO PROVIDE THE DAY TO DAY SERVICES ASSOCIATED WITH STAFFING, LICENSING AND OVERSEEING OPERATIONS WHILE MAINTAINING CONTROL PER THE MANAGEMENT AGREEMENT.
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0111795876
IRS990/TotalAssetsEOYAmt0111805869

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$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
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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