Springpoint Senior Living Inc
- Assets
- $91.1m
- Revenue
- $20.2m
- Investments
- $75.0k
- Employees
- 128
- Location
- Wall, NJ
- Founding
- 01/1997
- Data as of
- 12/2021
- EIN
- 31-1480524
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 12/2021, Springpoint Senior Living Inc employed 128 individuals. This organization is a parent organization of 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 12/2021, Springpoint Senior Living Inc generated $20.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $16.5m during the year ending 12/2021. While expenses have increased by 2.7% per year over the past 7 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
2021
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 ADMINISTRATIVE, FINANCIAL AND SUPPORT SERVICES TO ALL AFFILIATES. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Argondizza Trustee; Ex-Officio-President & CEO | OfficerTrustee | 5 | $923,290 |
Garrett I Midgett Senior Vp/cfo, Treasurer | Officer | 5 | $451,609 |
Maureen E Cafferty ESQ Sr. Vp/general Counsel, Secretary | Officer | 5 | $438,686 |
David Woodward Senior Vp/coo, Assistant Treasurer | Officer | 5 | $417,683 |
Linda Rose Sr. VP Health Services | Officer | 5 | $300,764 |
John Harz VP Of Human Resources | Officer | 5 | $276,358 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medrehab Alliance Interstate Llc Rehab Services | 12/30/21 | $420,000 |
Pavone Marketing Group Inc Dba Varsity M Marketing Services | 12/30/21 | $371,453 |
Ceridian Employer Services Payroll Processing | 12/30/21 | $622,576 |
Netsmart Technologies Computer Software | 12/30/21 | $329,258 |
Baker Tilly Us Llp Auditing / Tax Services | 12/30/21 | $340,104 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $289,076 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $289,076 |
| Total Program Service Revenue | $18,346,543 |
| Investment income | $1,479,702 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,539 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,222,460 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,550 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,348,214 |
| Compensation of current officers, directors, key employees. | $2,183,061 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,241,884 |
| Pension plan accruals and contributions | $25,711 |
| Other employee benefits | $746,193 |
| Payroll taxes | $666,520 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $267,417 |
| Fees for services: Accounting | $36,012 |
| Fees for services: Lobbying | $804 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $745,260 |
| Advertising and promotion | $143,776 |
| Office expenses | $395,272 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $553,504 |
| Travel | $102,028 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,720 |
| Interest | $626,207 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $341,826 |
| Insurance | $112,901 |
| All other expenses | $40,896 |
| Total functional expenses | $16,497,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $700 |
| Savings and temporary cash investments | $14,484,425 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $66,202,877 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $361,031 |
| Net Land, buildings, and equipment | $424,822 |
| Investments—publicly traded securities | $3,739,494 |
| Investments—other securities | $75,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,828,528 |
| Total assets | $91,116,877 |
| Accounts payable and accrued expenses | $12,263,842 |
| Grants payable | $0 |
| Deferred revenue | $17,672,219 |
| Tax-exempt bond liabilities | $7,679,532 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $11,666,456 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,886,041 |
| Total liabilities | $54,168,090 |
| Net assets without donor restrictions | $36,948,787 |
| Net assets with donor restrictions | $0 |
| 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 | $91,116,877 |
Grants Awarded
Over the last fiscal year, Springpoint Senior Living Inc has awarded $11,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Hamilton, NJ PURPOSE: GENERAL PURPOSE | $6,500 |
Oceanport, NJ PURPOSE: GENERAL PURPOSE | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Springpoint Senior Living Inc has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
Princeton Area Community Foundation Inc Lawrenceville, NJ PURPOSE: $1,000 -Stonebridge Chaplaincy, $1,000 - Resident | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Armenian Home Inc Forest Hills, NY | $920,237 | $91,924 |
Messiah Home Mechanicsburg, PA | $178,549,269 | $51,412,413 |
Fellowship Senior Living Inc Basking Ridge, NJ | $187,391,253 | $47,338,549 |
Brethren Home Community New Oxford, PA | $203,107,620 | $47,521,434 |
The Mennonite Home Lancaster, PA | $196,485,253 | $48,109,566 |
Landis Homes Retirement Community Lititz, PA | $172,325,737 | $44,637,724 |
United Methodist Homes Of New Jersey Neptune, NJ | $66,409,487 | $39,329,714 |
Meadowood Corporation Worcester, PA | $160,208,688 | $42,941,264 |
Garden Spot Village New Holland, PA | $169,543,574 | $40,104,692 |
Tel Hai Nursing Center Inc Honey Brook, PA | $119,373,790 | $37,776,975 |
Dunwoody Village Inc Newtown Square, PA | $142,529,302 | $43,112,422 |
Bible Fellowship Church Homes Inc Whitehall, PA | $54,916,553 | $34,312,583 |