SPRINGPOINT SENIOR LIVING INC

EIN: 223498690 501(c)(3) Human Services

WALL, NJ

Total Revenue
$259,287,063
Total Expenses
$267,356,666
Total Assets
$803,115,490
Net Assets
$-123,484,720
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Legal Domicile
NJ
Principal Officer
ANTHONY ARGONDIZZA
Phone
7324303650
Tax Period
2024-01-01 to 2024-12-31

SPRINGPOINT SENIOR LIVING INC is a major nonprofit in the Human Services sector that reported $259.3M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

OUR MISSION - TO INSPIRE OUR FAMILY WITH ENDLESS OPPORTUNITIES.OUR VISION - TO BE THE PREMIER PROVIDER, OFFERING EXCEPTIONAL SERVICES AND INNOVATIVE PROGRAMS THAT EMPOWER THOSE WE SERVE AND THOSE WHO SERVE THEM TO EXPERIENCE THE BEST THAT LIFE HAS TO OFFER.

Program Service Accomplishments

Program 1
Expenses: $232,919,599 Revenue: $236,537,822

EXPENSES INCURRED IN PROVIDING SENIOR HOUSING AND SERVICES, AFFORDABLE HOUSING, ASSISTED LIVING, SKILLED NURSING CARE, REHABILITATION, AND ALZHEIMER'S CARE. PLEASE REFER TO SCHEDULE O FOR THE...

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EXPENSES INCURRED IN PROVIDING SENIOR HOUSING AND SERVICES, AFFORDABLE HOUSING, ASSISTED LIVING, SKILLED NURSING CARE, REHABILITATION, AND ALZHEIMER'S CARE. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $12,167,374
Program Service Revenue $236,537,822
Investment Income $8,628,917
Other Revenue $1,952,950
TOTAL REVENUE $259,287,063

Expense Breakdown

Grants Paid $355,997
Salaries & Benefits $100,719,661
Fundraising Expenses $1,420,203
Program Expenses $232,919,599
Other Expenses $166,281,008
TOTAL EXPENSES $267,356,666

Year-over-Year Comparison

2024 2023 Change
Revenue $259,287,063 $237,472,070 +0.1%
Expenses $267,356,666 $254,573,257 +0.1%
Net Income $-8,069,603 $-17,101,187 -0.5%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
14
Employees
1969
Volunteers
809

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$3,435,742
Total Directors
58
$1,685,629
Key Employees
7
$2,005,223
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTHONY ARGONDIZZA TRUSTEE; EX-OFFICIO-PRESIDENT & CEO 50.00
Officer Director
$0 $411,893 $1,685,629
BARBARA KREIDER CHAIR - TRUSTEE / LPC BOARD CHAIR 1.00
Officer Director
$0 $0 $0
MARK OLEAR VICE CHAIR - TRUSTEE 1.00
Officer Director
$0 $0 $0
EDGAR M COSTER TRUSTEE 1.00
Director
$0 $0 $0
THOMAS WHELAN TRUSTEE 1.00
Director
$0 $0 $0
PATRICIA SCHAEFFER TRUSTEE 1.00
Director
$0 $0 $0
ELENA LADYGINA TRUSTEE 1.00
Director
$0 $0 $0
KRISTIN MCCARTHY TRUSTEE 1.00
Director
$0 $0 $0
JOHN CLARKE TRUSTEE / FOUNDATION BOARD - CHAIR 1.00
Director
$0 $0 $0
YULIA MURPHY TRUSTEE 1.00
Director
$0 $0 $0
LISA MCCRACKEN TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL SERLUCO TRUSTEE 1.00
Director
$0 $0 $0
JESSICA L ISRAEL TRUSTEE 1.00
Director
$0 $0 $0
MAUREEN A SCHNEIDER TRUSTEE 1.00
Director
$0 $0 $0
ANJANA D PATEL TRUSTEE 1.00
Director
$0 $0 $0
BARUCH FALK TRUSTEE - LPCS 1.00
Director
$0 $0 $0
DAVID GERRIDGE TRUSTEE - LPCS 1.00
Director
$0 $0 $0
ANTHONY GLOCKER TRUSTEE - LPCS 1.00
Director
$0 $0 $0
AUDREY HAIMOWITZ TRUSTEE - LPCS 1.00
Director
$0 $0 $0
JULI TOWELL TRUSTEE - LPCS 1.00
Director
$0 $0 $0
DIANE BIRCH TRUSTEE - LPCS 1.00
Director
$0 $0 $0
JAMES MCMULLEN TRUSTEE - LPCS 1.00
Director
$0 $0 $0
EVAN QUARTON TRUSTEE - LPCS 1.00
Director
$0 $0 $0
TIMOTHY M FERGES TRUSTEE - FOUNDATION 1.00
Director
$0 $0 $0
VINCENT P CELENZA TRUSTEE - FOUNDATION 1.00
Director
$0 $0 $0
CHRISTIAN T KOERNER TRUSTEE - FOUNDATION 1.00
Director
$0 $0 $0
RENEE R VENEZIANO TRUSTEE - FOUNDATION 1.00
Director
$0 $0 $0
GLENN MEKLES TRUSTEE - FOUNDATION 1.00
Director
$0 $0 $0
CINDY DEEVY TRUSTEE - FOUNDATION 1.00
Director
$0 $0 $0
BRIDGET MURPHY TRUSTEE - FOUNDATION 1.00
Director
$0 $0 $0
CARL DELLI BOVI CHAIRMAN - TRUSTEE - EAST WINDSOR 0.00
Director
$0 $0 $0
MARY LEE KLEINKAUF VICE CHAIR - TRUSTEE - EAST WINDSOR 0.00
Director
$0 $0 $0
DAVID ROUSSELL TRUSTEE - EAST WINDSOR 0.00
Director
$0 $0 $0
RICHARD SCHROEDER TRUSTEE - EAST WINDSOR 0.00
Director
$0 $0 $0
DEBORAH L THOMAS TRUSTEE - EAST WINDSOR 0.00
Director
$0 $0 $0
TERRY GOLDSTEIN TRUSTEE - EAST WINDSOR 0.00
Director
$0 $0 $0
MARC PLATIZKY TRUSTEE - EAST WINDSOR 0.00
Director
$0 $0 $0
JANE FROTTON CHAIRWOMAN - TRUSTEE - PORTLAND POINTE 0.00
Director
$0 $0 $0
MARILYN SCHERFEN VICE-CHAIR, TRUSTEE - PORTLAND POINTE 0.00
Director
$0 $0 $0
JANE H OLCOTT TRUSTEE - PORTLAND POINTE 0.00
Director
$0 $0 $0
ROBERT SCHOEFFLING TRUSTEE - PORTLAND POINTE 0.00
Director
$0 $0 $0
RICHARD STRYKER TRUSTEE - PORTLAND POINTE 0.00
Director
$0 $0 $0
PAUL MAZZELLA TRUSTEE - PORTLAND POINTE 0.00
Director
$0 $0 $0
MURIEL J SMITH TRUSTEE - PORTLAND POINTE 0.00
Director
$0 $0 $0
ELLEN YUNG O'DWYER TRUSTEE - PORTLAND POINTE 0.00
Director
$0 $0 $0
ROY DELLOSSO TRUSTEE - PORTLAND POINTE 0.00
Director
$0 $0 $0
SHERLEY PENROSE CHAIRWOMAN - TRUSTEE - MIDDLESEX 0.00
Director
$0 $0 $0
NANCY LYNN AVERY VICE CHAIRWOMAN - TRUSTEE - MIDDLESEX 0.00
Director
$0 $0 $0
WILLIAM COYLE TRUSTEE - MIDDLESEX 0.00
Director
$0 $0 $0
LOUISE CREDE TRUSTEE - MIDDLESEX 0.00
Director
$0 $0 $0
DENISE BAGONYI TRUSTEE - MIDDLESEX 0.00
Director
$0 $0 $0
WILLIAM SAN PHILLIPS TRUSTEE - MIDDLESEX 0.00
Director
$0 $0 $0
PAT REPENN TRUSTEE - MIDDLESEX 0.00
Director
$0 $0 $0
TERRY FORMAN CHAIRPERSON - TRUSTEE - WEST WINDSOR 0.00
Director
$0 $0 $0
RAYMOND J RYAN VICE CHAIRPERSON - TRUSTEE - WEST WINDSOR 0.00
Director
$0 $0 $0
MARTIN LIGHTMAN TRUSTEE - WEST WINDSOR 0.00
Director
$0 $0 $0
ADALIN BALL TRUSTEE - WEST WINDSOR 0.00
Director
$0 $0 $0
TIMOTHY M LYNCH MPA MO TRUSTEE - WEST WINDSOR 0.00
Director
$0 $0 $0
GARRETT I MIDGETT SENIOR VP/CFO, TREASURER 50.00
Officer
$0 $92,897 $596,717
MAUREEN E CAFFERTY ESQ SR. VP/GENERAL COUNSEL, SECRETARY 50.00
Officer
$0 $93,061 $582,715
DAVID WOODWARD SENIOR VP/COO, ASSISTANT TREASURER 50.00
Officer
$0 $75,484 $570,681
JAMES TAVORMINA VP OF SALES 50.00
Key Emp
$0 $37,795 $279,282
JULIA ZAUNER VP OF MARKETING (UNTIL 10/24) 50.00
Key Emp
$0 $13,088 $208,165
MARYBETH KOPEC VP FINANCE 50.00
Key Emp
$0 $33,530 $333,932
ODESSA SADSAD VP HEALTH SERVICES 50.00
Key Emp
$0 $34,200 $300,306
JOHN MARTIN VP INFORMATION TECHNOLOGY 50.00
Key Emp
$0 $1,426 $287,918
SANDI KO VP OF HUMAN RESOURCES 50.00
Key Emp
$0 $9,500 $272,170
MICHAEL OAKES SR. VP FOUNDATION 50.00
Key Emp
$305,331 $18,119 $323,450
SUSAN LIPPY LPC EXECUTIVE DIRECTOR 50.00
Highest
$0 $16,970 $263,494
ANNE HAY LPC EXECUTIVE DIRECTOR 50.00
Highest
$0 $7,014 $253,625
MICHAEL GENTILE LPC EXECUTIVE DIRECTOR 50.00
Highest
$0 $4,719 $240,528
RICHARD WHITEMAN LPC EXECUTIVE DIRECTOR 50.00
Highest
$0 $39,550 $327,394
NOEMI VALENCIA REGISTERED NURSE 50.00
Highest
$0 $44,851 $295,356
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $259,287,063 $267,356,666 $803,115,490 $-8,069,603
2023 $237,274,255 $254,573,257 $786,249,643 $-17,299,002
2022 $212,941,224 $236,623,686 $765,284,450 $-23,682,462
2021 $204,804,520 $229,171,707 $810,886,693 $-24,367,187
2020 $201,869,203 $213,957,418 $755,213,356 $-12,088,215
2019 $202,721,658 $214,754,426 $788,226,486 $-12,032,768
2018 $193,113,327 $203,486,466 $798,962,385 $-10,373,139
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