Springwood Estates Inc
- Assets
- $572.2k
- Revenue
- $233.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Rockledge, FL
- Founding
- 07/1981
- Data as of
- 09/2022
- EIN
- 59-2193020
Organization Overview
Springwood Estates Inc is located in Rockledge, FL. The organization was established in 1981. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Springwood Estates 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 09/2022, Springwood Estates Inc generated $233.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (19.9%) each year. All expenses for the organization totaled $200.2k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (20.4%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HOUSING AND LONGTERM CARE FOR DEVELOPMENTALLY DISABLED PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUBSIDIZED LOW INCOME HOUSING FOR DEVELOPMENTALLY DISABLED PERSONS.NUMBER BENEFITED: 26 ADULTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Durante Treasurer | OfficerTrustee | 0.4 | $0 |
Christine Myers Interim Chair/vice Chair | OfficerTrustee | 0.4 | $0 |
Patricia Akram Secretary | OfficerTrustee | 0.4 | $0 |
Vanessa Vinicombe President And CEO | Officer | 40 | $0 |
Dorothy Richardson Board Of Director | Trustee | 0.4 | $0 |
Kate Dilulio Board Of Director | Trustee | 0.4 | $0 |
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 | $233,724 |
| Investment income | $0 |
| 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 | $233,724 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,173 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $884 |
| Fees for services: Management | $81,286 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $142 |
| Advertising and promotion | $0 |
| Office expenses | $6,957 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,644 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,921 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,792 |
| Insurance | $13,512 |
| All other expenses | $33,889 |
| Total functional expenses | $200,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,785 |
| Savings and temporary cash investments | $235,112 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,536 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,758 |
| Net Land, buildings, and equipment | $240,487 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $530 |
| Total assets | $572,208 |
| Accounts payable and accrued expenses | $89,829 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,629 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,625 |
| Total liabilities | $100,083 |
| Net assets without donor restrictions | $472,125 |
| 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 | $572,208 |
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