Springpoint Senior Living Inc

Springpoint Senior Living Inc 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 12/2019, Springpoint Senior Living Inc employed 2,908 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes.

For the year ending 12/2019, Springpoint Senior Living Inc generated $202.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $214.8m during the year ending 12/2019. While expenses have increased by 7.8% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

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.


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Springpoint Senior Living Inc Board, Officers & Key Employees

Springpoint Senior Living Inc Vendors

Vendor Name (Service)Compensation
C&c Construction Mgmt Inc
Construction
$6,808,570
Yes We Do Llc
Construction
$2,839,333
Genesis Eldercare Rehabilitation Service
Medical Services
$2,722,653
Eric Weinrich Dba First Class Plumbing A
Plumbing
$2,279,646
Ac Drywall And Painting Llc Dba Ac Cons
Construction
$2,250,688
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$244,977
Related organizations$0
Government grants $5,041,817
All other contributions, gifts, grants, and similar amounts not included above$2,339,023
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$7,625,817
Total Program Service Revenue$183,376,368
Investment income $3,547,160
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $222,016
Net Gain/Loss on Asset Sales $7,561,526
Net Income from Fundraising Events -$63,887
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $202,721,658

Springpoint Senior Living Inc Grants Awarded

Over the last fiscal year, Springpoint Senior Living Inc has awarded $20,000 in support to 2 organizations.

Grant RecipientAmount

TWO RIVER THEATER

PURPOSE: GENERAL PURPOSE

$15,000

GROUNDS FOR SCULPTURE

Org PageRecipient Profile

Hamilton, NJ

PURPOSE: GENERAL PURPOSE

$5,000
View Grant Profile

Endowment Analysis

Beg. Balance$13,020,677
Earnings$1,538,934
Net Contributions$1,637,791
Other Expense$4,656,877
Ending Balance$11,540,525

Springpoint Senior Living Inc Peer Organizations

Organization NameAssets
Acts Retirement-Life Communities Inc
Fort Washington, PA
$446,249,117
Springpoint Senior Living Inc
Wall, NJ
$202,721,658
Isabella Geriatric Center Inc
Brooklyn, NY
$111,998,921
Willow Valley Communities
Lancaster, PA
$113,600,002
Humangood Pennsylvania
Lafayette Hill, PA
$75,751,425
Spiritrust Lutheran
York, PA
$68,085,658
Seabrook Village Inc
Tinton Falls, NJ
$67,322,185
Kendal-Crosslands Communities
Kennett Square, PA
$60,239,273
Luthercare
Lititz, PA
$51,782,237
Menno-Haven Inc
Chambersburg, PA
$53,889,657
Inglis House
Philadelphia, PA
$43,396,095
Trustees Of The Masonic Hall And Asylum Fund
New York, NY
$60,611,137

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