Public Charity

SPRINGMOOR INC

SPRINGMOOR INC, of RALEIGH, NC, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $44.9M in revenue, $45.2M in expenses, $111.8M in total assets.

EIN: 561368256 RALEIGH, NC Supportive Housing for Older Adults NTEE: P75 Latest filing: 2024

Total Revenue$44.9M

Total Expenses$45.2M

Total Assets$111.8M

Grant Records0

Filing Years2020–2024

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.

Where $100 goes at Springmoor Inc

How Springmoor Inc divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$81 Programs the work itself

$19 Management running the organization

$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $81 for programs

$81

To provide care to a retirement community by providing high quality, responsive, financially sound life care to its residents with convenience to health care, food services, activities, entertainment…

All program spending

Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

PRESIDENT Charles B Ballard

VICE PRESIDE Ernest Carraway

SECRETARY Judy Hill

DIRECTOR Mary Ann Freeman

DIRECTOR Nina Cole

DIRECTOR Susan Walton

Officer compensation and complete director data available with membership.

Financial Trends

Year	Revenue	Expenses	Assets
2024	$44.9M	$45.2M	$111.8M
2023	$42.5M	$44.7M	$111.8M
2022	$40.8M	$40.7M	$114.5M
2021	$37.8M	$39.8M	$57.7M
2020	$38.0M	$36.6M	$58.5M

Between 2020 and 2024, reported annual revenue grew from $38.0M to $44.9M (+18%), with total assets most recently reported at $111.8M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for SPRINGMOOR INC

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