2025-09-25T17:07:48-04:00 2023-12-31 561137607 JAMES A LUCAS AND COMPANY LLP 4909 WESTERN BLVD STE 200 RALEIGH NC 27606 990 2023-01-01 200715202 SPRINGSHIRE RETIREMENT COMMUNITY INC SPRI 9194683118 230 NORTH ELM STREET GREENSBORO NC 27401 GEORGE O'GARRO CHAIR 9194683118 2025-09-22 true JOELLEN H WILKES P00181775 9198514696 2025-09-24 2023 2025-03-06 01:10:19Z GEORGE O'GARRO 230 NORTH ELM ST SUITE 1900 GREENSBORO NC 27401 109243 false X WWW.SPRINGSHIRE.ORG X 2004 NC 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. 4 4 0 0 0 0 13138 109243 0 13138 109243 0 0 0 0 0 2022 2022 2022 2022 11116 107221 13119434 13209902 23825000 23825000 -10705566 -10615098 X 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. false false 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. true false false false false false false false false false true false false true true false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false true true false false false true 0 0 0 false false false false false false false false X 4 4 false false false false false false false true true false false false true false true false false false false false X BROOKS PIERCE 3362712561 2000 RENAISSANCE PLAZA 230 NORTH ELM STREET GREENSBORO NC 27401 X DIETRICH M EVEGE SECRETARY/TR 10.00 X X 0 0 0 GEORGE O'GARRO CHAIR 10.00 X X 0 0 0 PATRICIA SINGLETON DIRECTOR 5.00 X 0 0 0 KEN WALKER VICE CHAIR 10.00 X X 0 0 0 false false false 109243 109243 109243 109243 2022 2022 2022 0 2022 0 16754 2581159 70080 2513101 2511079 10589579 10698823 13119434 13209902 14825000 14825000 9000000 9000000 23825000 23825000 X -10705566 -10615098 -10705566 -10615098 13119434 13209902 107221 -16753 X false false false X 15617 2898 13139 109243 140897 15617 2898 13139 109243 140897 140897 15617 2898 13139 109243 140897 1.00000 1.00000 0.00000 0.00000 X SUPPLEMENTAL INFORMATION THIS ENTITY IS STILL IN THE START-UP STAGE. DURING 2015, PUBLIC FINANCE AUTHORITY ISSUED REVENUE BONDS IN THE AMOUNT OF 14,825,00 AT A DISCOUNT, MAKING AVAILABLE APPROXIMATELY 8,356,000 OF NET PROCEEDS TO FUND PRE-CONSTRUCTION DEVELOPMENT COSTS AND EXPENSES AS WELL AS TO REPAY LOANS. IN 2021, THIS ENTITY RECEIVED A LOAN IN THE AMOUNT OF 3,500,000 AND IN 2022 THE ENTITY RECEIVED ADDITIONAL LOANS IN THE AMOUNT OF 2,500,000 IN JUNE OF 2022 AND 3,000,000 IN DECEMBER OF 2022 TO FUND PRE- CONSTRUCTION DEVELOPMENT COSTS AND EXPENSES. FOR THESE REASONS,THE ORGANIZATION SHOULD STILL BE TREATED AS A PUBLIC CHARITY. THE ORGANIZATION REQUESTS THAT IT BE CONSIDERED PUBLICLY SUPPORTED FOR THE PERIODS PRIOR TO OPERATION. 2472580 2472580 108579 70080 38499 2511079 PRE DEVELOPMENT & CONSTRUCTION 6096402 LOAN TO GPA 3241564 ESCROWS AND RESERVES 1360857 10698823 LOAN FROM PIONEER 9000000 9000000 A PUBLIC FINANCE AUTHORITY 273866124 74444VAA8 2015-12-30 14825000 PURPOSE IS TO FUND THE PRE-CONSTRUCTION COSTS AND EXPENSES RELATED TO THE DEVELOPMENT OF A CONTINUIN false false false A 8356260 712999 4186515 3085826 2015 false false false true A false false false false false false false A false true false false false false false false false A true DIFFERENCES IN ISSUE PRICE EXPLANATION PUBLIC FINANCE AUTHORITY THE DIFFERENCE IN THE ISSUE PRICE AND THE PROCEEDS OF ISSUE IS THE DISCOUNT OF 6,468,740. PURPOSE OF ISSUE DESCRIPTION PUBLIC FINANCE AUTHORITY PURPOSE IS TO FUND THE PRE-CONSTRUCTION COSTS AND EXPENSES RELATED TO THE DEVELOPMENT OF A CONTINUING CARE RETIREMENT FACILITY IN GREENVILLE, NC FORM 990 - ORGANIZATION'S 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. FORM 990, PAGE 6, PART VI, LINE 11B BOARD REVIEWS PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD IS RESPONSIBLE FOR ENSURING THERE ARE NO CONFLICTS OF INTEREST WITH BOARD MEMBERS. BOARD MEMBERS COMPLETE ANNUAL CONFLICT OF INTEREST STATEMENTS. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS AVAILABLE UPON REQUEST ONLY SPRINGSHIRE RETIREMENT LLC 230 NORTH ELM ST SUITE 2000 GREENSBORO NC 27401 200715337 LIFE CARE NC NA GREENVILLE PREPARATORY ACADEMY 230 N ELM STREET SUITE 1900 GREENSBORO NC 27401 870937445 SCHOOL NC 501C3 NA false false false false false false false false false false false false false false false false false false false false