Spring Glen Retirement Community
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Transcript of Spring Glen Retirement Community
Spring Glen Retirement Community
Residential Services, Inc.Chapel Hill, North Carolina
Groundbreaking – June 2002
Grand Opening – October 2003
• United States Congressman David Price
• Howard Lee, Chairman of the North Carolina Board of Education
• Carmen Hooker Odom, Secretary of Department of Health and Human Services
Lobby
Formal Dining Room
Living Room
Bedroom
Kitchenette in a Suite
Activity Room
Activity Room
Commercial Kitchen
Fitness Room
Rogers Garden
Rogers Garden
Vegetable Garden
Mike Roig Interactive Sculpture
Pig Pickin’ & Spring Fling Events
Capital Cost
NC Housing Finance Agency, $301,219
Orange County; $375,000
Suntrust, $145,346 Donations, $500,333
Foundations, $512,600
RSI Contr. , $179,425
NC Housing Finance AgencyOrange CountySuntrustDonationsFoundationsRSI Contributions
Total:$2,013,923.00
Operating Cost
Revenues Expenses
ICF, 47%
CAP, 37%
SS/
SSI, 13%
Private Pay, 3%
ICFCAPSS/SSIPrivate Pay
Salary & Benefits,
63%
Building, 6%
Admin & Gen, 12%
ICF, 2%
Misc, 10% Trans,
3% Food,
4% Salary & Bene-fits
Building
Adm & Gen
ICF
Misc
Trans
Food
Challenges
• Unchartered territory• Health issues• Maintaining family contacts• Financial issues• Limited capacity