2025-11-14T13:08:34-05:00 2024-12-31 561137607 JAMES A LUCAS AND COMPANY LLP 4909 WESTERN BLVD STE 200 RALEIGH NC 27606 990 2024-01-01 561368256 SPRINGMOOR INC SPRI 9198487000 1500 SAWMILL ROAD RALEIGH NC 27615 CHARLES B BALLARD PRESIDENT 9198487000 2025-11-11 true true JOELLEN H WILKES P00181775 9198514696 2025-11-11 2024 2025-03-06 01:10:19Z CHARLES B BALLARD 309 TROTTERS RIDGE DRIVE RALEIGH NC 27614 45145059 false X WWW.SPRINGMOOR.ORG X 1983 NC SPRINGMOOR IS A NATIONALLY ACCREDITED FULL SERVICE LIFE CARE RETIREMENT COMMUNITY DESIGNED TO EMPHASIZE INDEPENDENT LIVING, DIGNITY, SECURITY, AND PEACE OF MIND. IT OFFERS A WIDE RANGE OF RESIDENCES, SERVICES, AMENITIES AND COMPREHENSIVE HEALTH CARE. SPRINGMOOR IS DESIGNED TO PROVIDE ACTIVE, INDEPENDENT RETIREMENT LIVING WHILE PROVIDING FOR EXISTING AND FUTURE HEALTH AND PERSONAL CARE NEEDS. SPRINGMOOR'S HEALTH CARE PROGRAM GIVES EACH RESIDENT A STRONG SENSE OF SECURITY, LIFE WITH DIGNITY, LIFETIME CARE, PERSONAL SAFETY AND FINANCIAL SECURITY, AS WELL AS INTERACTION AND COMPANIONSHIP WITH MANY FINE NEIGHBORS WHO HAVE COMMON INTERESTS. 7 7 0 0 58070 81825 38874448 41191735 3606735 3645648 0 42539253 44919208 406643 440238 0 2700 0 0 0 44310578 44713488 44719921 45153726 -2180668 -234518 111795876 111805869 136811400 137055911 -25015524 -25250042 X SPRINGMOOR IS A NATIONALLY ACCREDITED FULL SERVICE LIFE CARE RETIREMENT COMMUNITY DESIGNED TO EMPHASIZE INDEPENDENT LIVING, DIGNITY, SECURITY, AND PEACE OF MIND. IT OFFERS A WIDE RANGE OF RESIDENCES, SERVICES, AMENITIES AND COMPREHENSIVE HEALTH CARE. SPRINGMOOR IS DESIGNED TO PROVIDE ACTIVE, INDEPENDENT RETIREMENT LIVING WHILE PROVIDING FOR EXISTING AND FUTURE HEALTH AND PERSONAL CARE NEEDS. SPRINGMOOR'S HEALTH CARE PROGRAM GIVES EACH RESIDENT A STRONG SENSE OF SECURITY, LIFE WITH DIGNITY, LIFETIME CARE, PERSONAL SAFETY AND FINANCIAL SECURITY, AS WELL AS INTERACTION AND COMPANIONSHIP WITH MANY FINE NEIGHBORS WHO HAVE COMMON INTERESTS. false false 41563155 440238 41191735 TO PROVIDE CARE TO A RETIREMENT COMMUNITY BY PROVIDING HIGH QUALITY, RESPONSIVE, FINANCIALLY SOUND LIFE CARE TO ITS RESIDENTS WITH CONVENIENCE TO HEALTH CARE, FOOD SERVICES, ACTIVITIES, ENTERTAINMENT AND OPPORTUNITIES FOR SOCIAL ENRICHMENT IN A LIFE CARE RETIREMENT SETTING. 41563155 true false false false false false false false false false true false false true true false true false false false false false false false false false false false true false false false false false false true true true false false false false false false false false false true 47 0 0 false false false false false false false false false false false false false false X 7 7 false true false false false false false true true false false true true true true false true true true false NC X BRANDON HAIR 9198487000 1500 SAWMILL ROAD RALEIGH NC 27615 CHARLES B BALLARD PRESIDENT 1.00 X X 450 0 0 WILLIAM BAXLEY DIRECTOR 1.00 X 450 0 0 ERNEST CARRAWAY VICE PRESIDE 1.00 X X 450 0 0 NINA COLE DIRECTOR 1.00 X 450 0 0 MARY ANN FREEMAN DIRECTOR 1.00 X 450 0 0 JUDY HILL SECRETARY 1.00 X 450 0 0 SUSAN WALTON DIRECTOR 1.00 X 450 0 0 3150 false false false AMMONS SPRINGMOOR ASSOCIATES INC 2304 WESVILL COURT SUITE 100 RALEIGH NC 27607 MANAGEMENT 750000 1 81825 81825 FEES FROM RESIDENTS 38397433 38397433 HOMECARE AND WELLNESS INCOME 1048368 1048368 REIMBURSEMENTS 820834 820834 MISCELLANEOUS INCOME 316127 316127 FOOD SERVICE INCOME 197358 197358 411615 411615 41191735 3856499 3856499 15000 225851 -210851 -210851 -210851 44919208 40980884 3856499 440238 440238 750000 750000 12360 12360 166252 166252 13850 13850 283216 283216 378095 31837 346258 1457749 1457749 7109 4836 2273 144731 144731 918920 918920 334292 334292 ADMINISTRATIVE SERVICES 20252733 18566456 1686277 LEASE EXPENSE 11601775 11586643 15132 FOOD COSTS 2138804 2138804 MAINTENANCE AND SUPPLIES 2005633 1979707 25926 4247969 3958942 289027 45153726 41563155 3590571 0 7594508 8487305 330134 383766 35320296 35320296 5883 8548 213519 875246 37462087 15110840 19870339 22351247 48461197 44379461 111795876 111805869 1074751 1326720 29863259 30792566 105873390 104936625 136811400 137055911 X -25018265 -25252483 2741 2441 -25015524 -25250042 111795876 111805869 -234518 X false true X true false X 1050 1625 62186 58070 81825 204756 34552275 34289277 37200138 38874448 41191735 186107873 34553325 34290902 37262324 38932518 41273560 186312629 62135 65043 59925 44089 231192 62135 65043 59925 44089 231192 186081437 3492412 3477302 3538508 3606735 3856499 17971456 3492412 3477302 3538508 3606735 3856499 17971456 38045737 37768204 40800832 42539253 45130059 204284085 0.91090 0.90830 0.09000 0.09000 X 30032020 8707767 21324253 7430067 6403073 1026994 22351247 RIGHT OF USE ASSETS NET OF AMORT 44087898 UMIC SUBSCRIBERS SAVINGS ACCT 281955 INVESTMENT-UNITY SENIOR CARE 9608 44379461 LEASE LIABLILITY-RIGHT OF USE ASSETS 49671004 REFUNDABLE ADVANCE FEES 36000481 DEFERRED LEASE EXPENSE PAYABLE 8075915 NOTES PAYABLE 6400990 WAITING LIST DEPOSITS 4788235 104936625 44919208 44919208 44919208 45153726 45153726 45153726 true SUBSIDIES 10 440238 SCHEDULE I, PAGE 1, PART I, LINE 2 RESIDENTS REQUESTING ASSISTANCE APPLY AND A COMMITTEE ANALYZES THEIR REQUEST ALONG WITH THEIR FINANCIAL INFORMATION AND DETERMINES ELIGIBILITY. THE COMMITTEE BRINGS THE ELIGIBLE REQUESTS TO THE BOARD FOR APPROVAL. SEE EXPLANATION BELOW false SCHEDULE L, PART V SPRINGMOOR, INC. LEASES IT'S FACILITIES FROM AMMONS-SPRINGMOOR ASSOC, LLC (ASA) AND AMMONS, INC. IN 2024 SPRINGMOOR, INC. PAID ASA RENT OF 11,659,323 AND AMMONS, INC RENT OF 2,160,815. AMMONS SPRINGMOOR ASSOCIATES, INC (ASAI)IS A CLOSELY HELD CORPORATION WHOSE MAJORITY SHAREHOLDER IS DAVID AMMONS. ASAI PROVIDES MANAGEMENT SERVICES FOR SPRINGMOOR, INC. IN 2024, SPRINGMOOR, INC. PAID ASAI 750,000 IN MANAGEMENT FEES. SPRINGMOOR, INC. HAS LOANED MONEY TO ASA AND AMMONS INC. AS OF DECEMBER 31, 2024, ASA OWED SPRINGMOOR, INC. 27,243,119 AND AMMONS INC. OWED SPRINGMOOR, INC. 8,077,177. THE LEASING AND BORROWING TRANSACTIONS BETWEEN AMMONS, INC. AND AMMONS- SPRINGMOOR ASSOC, LLC WERE REVIEWED BY THE INTERNAL REVENUE SERVICE NATIONAL OFFICE IN 1991 AND THE NATIONAL OFFICE RULED THESE TRANSACTIONS DID NOT THREATEN SPRINGMOOR, INC.'S TAX EXEMPT STATUS IN ANY WAY. SUBSEQUENTLY, THE TRANSACTIONS WERE REVIEWED IN THE AUDIT OF THE 2012 FORM 990 AND THE AUDITOR AGREED WITH THE PREVIOUS FINDINGS FROM 1991. FORM 990 - ORGANIZATION'S MISSION SPRINGMOOR IS A NATIONALLY ACCREDITED FULL SERVICE LIFE CARE RETIREMENT COMMUNITY DESIGNED TO EMPHASIZE INDEPENDENT LIVING, DIGNITY, SECURITY, AND PEACE OF MIND. IT OFFERS A WIDE RANGE OF RESIDENCES, SERVICES, AMENITIES AND COMPREHENSIVE HEALTH CARE. SPRINGMOOR IS DESIGNED TO PROVIDE ACTIVE, INDEPENDENT RETIREMENT LIVING WHILE PROVIDING FOR EXISTING AND FUTURE HEALTH AND PERSONAL CARE NEEDS. SPRINGMOOR'S HEALTH CARE PROGRAM GIVES EACH RESIDENT A STRONG SENSE OF SECURITY, LIFE WITH DIGNITY, LIFETIME CARE, PERSONAL SAFETY AND FINANCIAL SECURITY, AS WELL AS INTERACTION AND COMPANIONSHIP WITH MANY FINE NEIGHBORS WHO HAVE COMMON INTERESTS. FORM 990, PAGE 6, PART VI, LINE 3 THE BOARD OF DIRECTORS IS FULLY RESPONSIBLE FOR ALL ASPECTS OF PROVIDING SERVICES AND AMENITIES CONTRACTED WITH THE RESIDENTS AND THEY CONTRACT WITH A MANAGEMENT COMPANY TO PROVIDE THE DAY TO DAY SERVICES ASSOCIATED WITH STAFFING, LICENSING AND OVERSEEING OPERATIONS WHILE MAINTAINING CONTROL PER THE MANAGEMENT AGREEMENT. FORM 990, PAGE 6, PART VI, LINE 11B THIS FORM 990 IS REVIEWED BY THE ORGANIZATION'S ACCOUNTING STAFF AND EXECUTIVE DIRECTOR PRIOR TO FILING AND IS PROVIDED TO THE BOARD PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C EACH MEMBER OF THE BOARD SIGNS A CONFLICT OF INTEREST STATEMENT ANNUALLY AND IT IS KEPT ON FILE. MANAGEMENT RELIES ON THE BOARD TO REMEDY ANY CONFLICT OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD NEGOTIATES THE CONTRACT WITH THE MANAGEMENT COMPANY. FORM 990, PAGE 6, PART VI, LINE 15B THE COMPENSATION OF OTHER KEY EMPLOYEES IS DETERMINED BY INDEPENDENT PARTIES USING COMPARABLE DATA. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE TO PUBLIC UPON REQUEST.