Nonprofit · EIN 56-1497371
WELL-SPRING RET COMMUNITY
Tax-exempt · GREENSBORO, NC 27410
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $42,978,331 | $41,407,976 | $1,570,355 | $139,126,189 | $93,476,921 | $45,649,268 |
| December 31, 2023 | 990 | $39,926,094 | $41,111,393 | -$1,185,299 | $138,730,668 | $96,593,105 | $42,137,563 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $957,475
- Program service revenue
- $38,873,041
- Investment income
- $3,037,279
- Net rental income
- $110,536
- Net gain from sales of assets
- $877,658
- Other revenue
- $110,536
Expenses
- Grants and similar amounts paid
- $973,627
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $17,352,618
- Salaries, compensation and benefits (total)
- $20,828,795
- Professional fundraising fees
- $0
- Legal fees
- $26,915
- Accounting fees
- $98,139
- Occupancy
- $1,924,341
- Travel
- $32,622
- Depreciation
- $7,329,520
- Program services (functional)
- $37,700,076
- Management and general (functional)
- $3,627,125
- Fundraising (functional)
- $80,775
Balance sheet and other
- Total assets, start of year
- $138,730,668
- Total assets, end of year
- $139,126,189
- Total liabilities, end of year
- $93,476,921
- Net assets, end of year
- $45,649,268
- Land, buildings and equipment
- $78,480,450
- Net assets without donor restrictions
- $44,145,875
- Net assets with donor restrictions
- $1,503,393
- Gross receipts
- $42,978,331
- Employees
- 646
- Volunteers
- 17
- Year formed
- 1987
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STEPHEN P FLEMING | PRESIDENT CEO Officer | 5 | $0 | $534,571 | $49,201 |
| K ALAN TUTTEROW | SECRETARY INTERIM TREAS Officer | 5 | $0 | $410,135 | $37,740 |
| MISTI RIDENOUR | EXECUTIVE DIRECTOR Key employee | 40 | $236,213 | $0 | $41,750 |
| MICHAEL JONES | DIRECTOR OF HEALTH SERVICES Key employee | 40 | $171,264 | $0 | $30,408 |
| SUSAN SUEK | DIRECTOR OF NURSING Highest-paid employee | 40 | $140,490 | $0 | $19,930 |
| TODD DUMKE | DIRECTOR OF DINING SERVICES Highest-paid employee | 40 | $141,889 | $0 | $16,690 |
| PHILIP JOHNSON | DIRECTOR OF FACILITIES Highest-paid employee | 40 | $126,277 | $0 | $9,786 |
| KENNETH BOGGS | VICE-CHAIR IMM PAST CHAI Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KATHRYN COOKIE BILLINGS | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JERRY BAILEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JEAN DAVISON | ASSISTANT SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ANTHONY BOYD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CHRIS BROWN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| WARREN WEBSTER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BARRY CANNER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BOB CHANDLER | BOARD MEMBER Trustee or director | 1 | $0 |
| TIM CLONTZ | BOARD MEMBER Trustee or director | 1 | $0 |
| SALLY CONE | BOARD MEMBER Trustee or director | 1 | $0 |
| WENDY GATLIN | BOARD MEMBER Trustee or director | 1 | $0 |
| JENNIFER KOENIG | BOARD MEMBER Trustee or director | 1 | $0 |
| BONNIE MCALISTER | BOARD MEMBER Trustee or director | 1 | $0 |
| BOB POWELL | BOARD MEMBER Trustee or director | 1 | $0 |
| SUSAN SHUMAKER | BOARD MEMBER Trustee or director | 1 | $0 |
| BEN ZURAW | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 32 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STEPHEN P FLEMING | PRESIDENT/CEO Officer | 5 | $0 | $447,834 | $34,843 |
| K ALAN TUTTEROW | SECRETARY/INTERIM TREAS Officer | 5 | $0 | $434,923 | $23,512 |
| MISTI RIDENOUR | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $218,836 | $0 | $11,230 |
| MICHAEL JONES | DIRECTOR OF HEALTH SERVICES Highest-paid employee | 40 | $145,664 | $0 | $38,799 |
| SUSAN SUEK | DIRECTOR OF NURSING Highest-paid employee | 40 | $136,821 | $0 | $10,580 |
| TODD DUMKE | DIRECTOR OF DINING SERVICES Highest-paid employee | 40 | $130,916 | $0 | $10,580 |
| PHILIP JOHNSON | DIRECTOR OF FACILITIES Highest-paid employee | 40 | $127,950 | $0 | $13,430 |
| KENNETH BOGGS | VICE-CHAIR, IMM. PAST CHAI Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KATHRYN COOKIE BILLINGS | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JERRY BAILEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JEFF BLASER | ASSISTANT SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ANTHONY BOYD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CHRIS BROWN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DAN CAMIA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BARRY CANNER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BOB CHANDLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| TIM CLONTZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SALLY CONE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SUSAN COX | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| WENDY GATLIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RUSTY HOLT | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DARYL INGOLD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JENNIFER KOENIG | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BONNIE MCALISTER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SUSAN MCDONALD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BOB POWELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SUSAN SHUMAKER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CAROLE SIMMS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MARTY STADLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| TOM STEELE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JENNIFER YOUNG | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BEN ZURAW | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5603 NEW GARDEN VILLAGE DR, GREENSBORO, NC 27410-8595
- Principal officer (990 for 2024)
- STEPHEN P FLEMING, 5603 NEW GARDEN VILLAGE DR, GREENSBORO, NC 27410
- Signed the 990
- RHONDA CUMMONS, CO DIRECTOR OF FINANCE
- Phone
- (336) 545-5421
Mission
WELL-SPRING IS A NOT-FOR-PROFIT ORGANIZATION PROVIDING AGING-ADULT SERVICES WHICH CREATE AN EXPERIENCE THAT EXCEEDS THE NEEDS OF AN EVOLVING POPULATION OF OLDER ADULTS.
Program accomplishments
- WELL-SPRING RETIREMENT COMMUNITY INC WELL-SPRING A NORTH CAROLINA NONPROFIT CORPORATION WAS ORGANIZED FOR THE PURPOSE OF OPERATING A CONTINUING CARE RETIREMENT COMMUNITY. WELL-SPRING IS GOVERNED BY A BOARD OF TRUSTEES COMPOSED OF CIVIC LEADERS CURRENTLY CONSISTING OF 25 INDIVIDUALS WHO SERVE WITHOUT COMPENSATION FOR STAGGERED THREE-YEAR TERMS. A MULTI-DENOMINATIONAL GROUP OF CHURCHES IN GREENSBORO NORTH CAROLINA INITIALLY SPONSORED AND PROVIDED LEADERSHIP TO WELL-SPRING. REV. RUL. 72-124 1972-1 C.B. 145 SETS OUT REQUIREMENTS THAT HOME FOR THE AGED MUST MEET TO QUALIFY FOR SECTION 501C 3 EXEMPTION. THE INTERNAL REVENUE SERVICE PROVIDED THE FOLLOWING REQUIREMENTS: 1 SATISFACTION OF THE NEED FOR HOUSING THROUGH THE PROVISION OF EMOTIONAL RECREATIONAL SOCIAL RELIGIOUS AND SIMILAR NEEDS OF AGED.Expenses $37,700,076 · grants $973,627 · revenue $38,873,041
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Check at the IRS |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1497371
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1987
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P750)
- Assets (IRS master file)
- $148,902,424
- Income (IRS master file)
- $48,797,302
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $42,978,331 | $41,407,976 | $139,126,189 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $39,926,094 | $41,111,393 | $138,730,668 | XML |
| 990 | December 2022 | $36,704,666 | $36,925,554 | $137,378,238 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-1497371).
Questions about WELL-SPRING RET COMMUNITY
- What is the EIN of WELL-SPRING RET COMMUNITY?
- The employer identification number (EIN) of WELL-SPRING RET COMMUNITY is 56-1497371.
- Is WELL-SPRING RET COMMUNITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to WELL-SPRING RET COMMUNITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WELL-SPRING RET COMMUNITY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WELL-SPRING RET COMMUNITY due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WELL-SPRING RET COMMUNITY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WELL-SPRING RET COMMUNITY?
- The 990 for the year ended December 31, 2024 names STEPHEN P FLEMING.
- Who are the officers and directors of WELL-SPRING RET COMMUNITY?
- The 990 for the year ended December 31, 2024 lists 24 people; 5 received compensation from the organization.
- How much revenue does WELL-SPRING RET COMMUNITY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $42,978,331, expenses of $41,407,976 and total assets of $139,126,189 at year end.
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