Springpoint Senior Living Inc
- Assets
- $76.6m
- Revenue
- $20.0m
- Investments
- $79.3k
- Employees
- 126
- Location
- Wall, NJ
- Founding
- 01/1997
- Data as of
- 12/2023
- 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 12/2023, Springpoint Senior Living Inc employed 126 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 12/2023, Springpoint Senior Living Inc generated $20.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $18.0m during the year ending 12/2023. While expenses have increased by 3.1% 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 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 |
|---|---|---|---|
Name Not Listed Trustee; Ex-Officio-President & CEO | OfficerTrustee | 5 | $1,181,272 |
Name Not Listed Vice Chair - Trustee | OfficerTrustee | 1 | $0 |
Name Not Listed Chair - Trustee | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prime Care Technologies Inc Computer Hosting Services | 12/30/23 | $1,021,713 |
Ceridian Employer Services Payroll Processing | 12/30/23 | $510,121 |
Del-sano Contracting Corp Construction | 12/30/23 | $1,180,029 |
Baker Tilly Us Llp Auditing/tax Services | 12/30/23 | $410,913 |
Medrehab Alliance Interstate Llc Rehab Services | 12/30/23 | $420,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $19,910,863 |
| Investment income | $122,214 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,033,077 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,000 |
| 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. | $4,649,295 |
| Compensation of current officers, directors, key employees. | $2,377,505 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,320,616 |
| Pension plan accruals and contributions | $196,173 |
| Other employee benefits | $425,204 |
| Payroll taxes | $626,781 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $234,020 |
| Fees for services: Accounting | $36,713 |
| Fees for services: Lobbying | $9,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,058,812 |
| Advertising and promotion | $91,850 |
| Office expenses | $318,250 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $507,213 |
| Travel | $210,194 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $162,988 |
| Interest | $998,587 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $263,937 |
| Insurance | $165,483 |
| All other expenses | $0 |
| Total functional expenses | $18,011,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $9,288,622 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $64,762 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $58,225,135 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $264,379 |
| Net Land, buildings, and equipment | $407,080 |
| Investments—publicly traded securities | $4,012,953 |
| Investments—other securities | $79,337 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,248,093 |
| Total assets | $76,590,561 |
| Accounts payable and accrued expenses | $9,054,849 |
| Grants payable | $0 |
| Deferred revenue | $320,000 |
| Tax-exempt bond liabilities | $7,403,303 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $18,448,810 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,489,283 |
| Total liabilities | $38,716,245 |
| Net assets without donor restrictions | $37,874,316 |
| 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 | $76,590,561 |
Grants Awarded
Over the last fiscal year, Springpoint Senior Living Inc has awarded $667,035 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PRESBYTERIAN HOME AT WALL PURPOSE: GENERAL PURPOSE | $657,495 |
LEADINGAGE NEW JERSEY PURPOSE: GENERAL PURPOSE | $9,540 |