Springpoint Senior Living Inc
- Assets
- $786.2m
- Revenue
- $237.3m
- Investments
- $0.0
- Employees
- 2,010
- Location
- Wall, NJ
- Founding
- 01/1997
- Data as of
- 12/2023
- EIN
- 22-3498690
Organization Overview
Springpoint Senior Living Inc is located in Wall, NJ. The organization was established in 1997. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2023, Springpoint Senior Living Inc employed 2,010 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Springpoint Senior Living Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Springpoint Senior Living Inc generated $237.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $254.6m during the year ending 12/2023. While expenses have increased by 6.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE OUR FAMILY WITH ENDLESS OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN PROVIDING SENIOR HOUSING AND SERVICES, AFFORDABLE HOUSING, ASSISTED LIVING, SKILLED NURSING CARE, REHABILITATION, AND ALZHEIMER'S CARE. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee; Ex-Officio-President & CEO | OfficerTrustee | 50 | $0 |
Name Not Listed Vice Chair - Trustee / Lpc Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Chair - Trustee | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee - West Windsor | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee - Lpcs | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morrison Management Specialists Inc Dba Compass One Dining Department Operations | 12/30/23 | $24,630,356 |
Ac Drywall And Painting Llc Dba Ac Construction Services Construction | 12/30/23 | $6,363,153 |
Twomagnets Inc Dba Clipboard Health Contracted Nursing Staff | 12/30/23 | $1,430,368 |
Yes We Do Llc Construction | 12/30/23 | $4,042,147 |
Premier Custom Homes Llc Construction | 12/30/23 | $1,323,056 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $353,109 |
| Related organizations | $0 |
| Government grants | $8,023,732 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,680,541 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,057,382 |
| Total Program Service Revenue | $217,339,712 |
| Investment income | $4,396,610 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $466,708 |
| Net Gain/Loss on Asset Sales | $1,733,833 |
| Net Income from Fundraising Events | -$74,782 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $237,274,255 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,602 |
| Grants and other assistance to domestic individuals. | $268,082 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $321,834 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $76,114,018 |
| Pension plan accruals and contributions | $1,035,291 |
| Other employee benefits | $9,466,504 |
| Payroll taxes | $5,459,026 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,207,577 |
| Fees for services: Accounting | $801,245 |
| Fees for services: Lobbying | $126,077 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,090 |
| Fees for services: Other | $36,687,915 |
| Advertising and promotion | $5,162,477 |
| Office expenses | $4,498,412 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,585,804 |
| Travel | $246,836 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $277,557 |
| Interest | $12,125,341 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,498,822 |
| Insurance | $4,512,479 |
| All other expenses | $3,108,190 |
| Total functional expenses | $254,573,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,770 |
| Savings and temporary cash investments | $46,139,419 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,621,738 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,581,313 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,424,470 |
| Net Land, buildings, and equipment | $458,195,670 |
| Investments—publicly traded securities | $173,923,816 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $67,000,812 |
| Other assets | $12,342,635 |
| Total assets | $786,249,643 |
| Accounts payable and accrued expenses | $18,427,774 |
| Grants payable | $0 |
| Deferred revenue | $145,320,923 |
| Tax-exempt bond liabilities | $167,471,697 |
| Escrow or custodial account liability | $36,596 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $141,039,962 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $440,108,709 |
| Total liabilities | $912,405,661 |
| Net assets without donor restrictions | -$139,980,968 |
| Net assets with donor restrictions | $13,824,950 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $786,249,643 |
Grants Awarded
Over the last fiscal year, Springpoint Senior Living Inc has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TWO RIVER THEATER PURPOSE: GENERAL PURPOSE | $15,000 |
GROUNDS FOR SCULPTURE PURPOSE: GENERAL PURPOSE | $5,000 |