Greenspring Village Inc
- Assets
- $569.1m
- Revenue
- $93.9m
- Investments
- $191.5m
- Employees
- 1,341
- Location
- Springfield, VA
- Founding
- 04/1999
- Data as of
- 12/2019
- EIN
- 52-2095427
Organization Overview
Greenspring Village Inc is located in Springfield, VA. The organization was established in 1999. 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, Greenspring Village Inc employed 1,341 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Greenspring Village Inc generated $93.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $103.3m during the year ending 12/2019. While expenses have increased by 1.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE A HOME FOR SENIORS THAT SATISFIES THEIR THREE PRIMARY NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GREENSPRING VILLAGE PROVIDES SERVICES NEEDED BY SENIOR RESIDENTS, WHO RESIDE IN 1,395 INDEPENDENT LIVING UNITS, 135 ASSISTED LIVING UNITS, 92 SKILLED NURSING BEDS AND 44 MEMORY CARE UNITS. THE SERVICES WE PROVIDE TO OUR RESIDENTS INCLUDE, BUT ARE NOT LIMITED TO HOUSING, FOOD, MEDICAL, SECURITY AND MAINTENANCE SERVICES, RECREATIONAL AND PASTORAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chandra Kumar Executive Director | Officer | 40 | $209,467 |
Cody Burns Director Of Finance | Officer | 40 | $155,888 |
Sheila Willing Sales Counselor | 40 | $143,658 | |
Karen Hall Asst Administrator Ex Care | 40 | $131,507 | |
Kimberly Nelson Director Philanthropy | 40 | $125,364 | |
Ribca Mersha Rehabilitation Manager | 40 | $118,807 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Positive General Contractors Inc Contractor | 12/30/19 | $3,654,153 |
Erickson Living Management Management - See Sch. O | 12/30/19 | $10,942,953 |
Noovis Network Services | 12/30/19 | $1,420,226 |
Cypress Contracting Llc Construction Contractor | 12/30/19 | $3,283,544 |
Buch Construction Inc Builder | 12/30/19 | $5,644,724 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $346,278 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,533,369 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,879,647 |
| Total Program Service Revenue | $90,530,481 |
| Investment income | $187,920 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $351,151 |
| Net Gain/Loss on Asset Sales | -$23,159 |
| Net Income from Fundraising Events | $3,906 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $93,929,946 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,270 |
| Grants and other assistance to domestic individuals. | $402,325 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $400,293 |
| Compensation of current officers, directors, key employees. | $400,293 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,950,449 |
| Pension plan accruals and contributions | $621,447 |
| Other employee benefits | $6,391,207 |
| Payroll taxes | $2,846,401 |
| Fees for services: Management | $3,572,735 |
| Fees for services: Legal | $33,245 |
| Fees for services: Accounting | $78,626 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,992 |
| Fees for services: Other | $7,343,772 |
| Advertising and promotion | $2,493,744 |
| Office expenses | $7,518,611 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,228,821 |
| Travel | $134,823 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,371,760 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,077,547 |
| Insurance | $702,719 |
| All other expenses | $0 |
| Total functional expenses | $103,306,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,325 |
| Savings and temporary cash investments | $15,391,562 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,816,928 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,030,180 |
| Inventories for sale or use | $150,071 |
| Prepaid expenses and deferred charges | $310,130 |
| Net Land, buildings, and equipment | $343,383,765 |
| Investments—publicly traded securities | $4,517,290 |
| Investments—other securities | $191,451,644 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,833 |
| Total assets | $569,090,728 |
| Accounts payable and accrued expenses | $7,677,148 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $44,123,801 |
| Escrow or custodial account liability | $2,647,450 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $485,599,023 |
| Total liabilities | $540,047,422 |
| Net assets without donor restrictions | $25,606,136 |
| Net assets with donor restrictions | $3,437,170 |
| 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 | $569,090,728 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Greenspring Village Inc has recieved totaling $27,075.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $11,075 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Plano-Coudon Foundation Inc Baltimore, MD PURPOSE: BENEVOLENT CARE FUND FOR RESIDENTS | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asbury Atlantic Inc Frederick, MD | $494,519,761 | $174,395,209 |
Riderwood Village Inc Silver Spring, MD | $745,711,687 | $111,726,433 |
Greenspring Village Inc Springfield, VA | $569,090,728 | $93,929,946 |
Oak Crest Village Inc Parkville, MD | $424,538,804 | $92,752,531 |
Ashby Ponds Inc Ashburn, VA | $762,046,134 | $88,246,844 |
Goodwin House Incorporated Alexandria, VA | $424,363,325 | $93,583,962 |
Sentara Life Care Corporation Norfolk, VA | $44,157,960 | $76,095,498 |
Westminster-Canterbury Corporation Richmond, VA | $317,540,772 | $75,738,304 |
Virginia United Methodist Homes Inc Glen Allen, VA | $269,986,507 | $68,274,041 |
Westminster-Canterbury On Chesapeake Bay Virginia Beach, VA | $181,465,545 | $62,696,283 |
Givens Estates Inc Asheville, NC | $262,529,502 | $64,590,409 |
Masonic Homes Of Kentucky Inc Masonic Home, KY | $97,554,611 | $38,116,040 |