Springmoor Inc

Overview

Springmoor Inc is a non-profit organization categorized under human services, specifically as a multipurpose and other senior continuing care community. It operates as a Continuing Care Retirement Community (CCRC) that offers a full continuum of on-campus healthcare services. The organization is tax-exempt under Section 501(c)(3) of the U.S. tax code, allowing donations to be tax-deductible[1].

History

Springmoor was founded by Justus M. (Jud) Ammons, who was inspired by innovative approaches to senior living that combine active retirement with lifelong health services. Ammons developed the community in conjunction with consultants and community leaders to meet the needs of seniors. Springmoor opened in 1984 as the first full-service retirement community in Raleigh, North Carolina[2].

Mission and Operations

The mission of Springmoor is to promote the well-being of its residents through quality housing, amenities, medical and healthcare services, and activity programs. The community aims to provide a dignified and secure living environment, fostering an active lifestyle for its residents. Springmoor is nationally accredited and financially stable, located on 42 wooded acres in Northwest Raleigh[2].

Financial Operations

Springmoor derives most of its revenue from program services and investment income. The organization manages significant assets and liabilities, reflecting its operational scale as a major retirement community[1].

Springmoor Endowment Fund

The Springmoor Endowment Fund supports the community by ensuring residents who have exhausted their financial means can still benefit from Springmoor's care. The fund relies on donations and supports Springmoor's commitment to lifelong care for its residents[3].

Governance and Resident Involvement

Residents play a crucial role in Springmoor's governance through an elected resident association that helps manage various community aspects. This involvement ensures that the community remains responsive to the needs and interests of its residents[2].

Recognition and Legacy

Springmoor is recognized as a premier retirement community in the region, known for its commitment to excellence in senior living. It has been a trusted resource for quality senior living for nearly 40 years[4].

[1] https://projects.propublica.org/nonprofits/organizations/561368256 [2] https://springmoor.org/a-welcoming-community/ [3] https://springmoor.org/a-welcoming-community/endowment-fund/ [4] https://springmoor.org/a-welcoming-community/annual-reports/ [5] https://springmoor.org