SPRINGSHIRE RETIREMENT COMMUNITY
Mission
ORIGINALLY FORMED TO OPERATE AS A CONTINUING CARE RETIREMENT FACILITY LICENSED UNDER THE LAWS OF THE STATE OF NORTH CAROLINA, SPRINGSHIRE CHANGED ITS MISSION BY MOVING FROM A CONTINUING CARE RETIREMENT FACILITY CONCEPT IN FAVOR OF SENIOR LIVING RETIREMENT CENTER. SPRINGSHIRE WILL CONTINUE TO OPERATE AS A TAX EXEMPT FACILITY PURSUANT TO REV RULING 72-124 AND REV RULING 79-18. AS A MAJOR COMPONENT OF OPERATING THE SENIOR LIVING RETIREMENT FACILITY, SPRINGSHIRE WANTS TO CONDUCT ACTIVITIES AND PROGRAMS THAT ARE INTERGENERATIONAL IN CONJUNCTION WITH A CHARTER SCHOOL. THIS WILL INCLUDE PROGRAMS AND ACTIVITIES THAT WILL BE AN IMPORTANT ASPECT OF GREENVILLE PREPARATORY ACADEMY, ITS SUBSIDIARY, WHICH WILL OPERATE AS A CHARTER SCHOOL, WITH OBLIGATIONS TO PROVIDE INTERGENERATIONAL PROGRAMS REQUIRED FROM BOTH COMMUNITIES.
Financials
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2023 | $109k | $0 | $13.2M |
Compensation
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