Springpoint

What Springpoint does

Springpoint Senior Living, Inc. is a 501(c)(3) nonprofit organization founded in 1916, operating as New Jersey's largest nonprofit senior housing provider with 29 communities across New Jersey and Delaware, serving nearly 4,500 residents and employing over 1,600 people. The portfolio spans the full continuum of senior care: 8 Life Plan Communities (full-service campuses offering independent living with built-in access to escalating care levels), 2 Senior Care Communities (assisted living, memory care, and short-term respite), and 19 Affordable Housing properties (income-based senior apartments with waiting lists of at least one year, operated under HUD and NJHMFA guidelines). The organization is led by President and CEO Anthony A. Argondizza (joined 1994, CEO since 2017) and CFO Garrett Midgett (joined 1994, CFO since 2008), and holds a BBB+ investment-grade rating from Fitch Ratings.

The business model combines multiple revenue streams: Life Plan Community residents pay upfront entrance fees plus ongoing monthly service fees for guaranteed future care access; assisted living and memory care are billed as monthly subscriptions; skilled nursing and rehabilitation are billed through Medicare, Medicaid, or private pay; affordable housing rents are capped at 30% of adjusted gross income for qualifying residents 62+. Adjacent product lines include Springpoint Choice, a long-term care planning membership program with Personal Care Navigators and priority access to care; Springpoint at Home, a non-medical in-home care service for aging in place; the LivWell wellness program operating across seven dimensions of wellness; and the Connections dementia care model. Distribution is community-based: each of the 29 locations operates dedicated sales and move-in coordination teams, supported by toll-free phone intake and website contact forms, with the physical campuses functioning as both service delivery and sales channel.

The technology stack is described as a full-stack platform supporting community management, electronic health records, resident engagement, and operational systems across the portfolio. No public APIs, third-party developer platforms, or proprietary AI/ML products are disclosed; the Connections program references "tech-based brain fitness programs" and the company received a 2025 Tech Awards Summit recognition for technology innovation in senior living. The organization reinvests surplus into community enhancements, programs, and the Springpoint Foundation, which provides benevolent care, financial assistance, and affordable housing initiatives. Springpoint has received multiple consecutive Newsweek Best Senior Living recognitions (2026), Fortune Best Workplaces in Aging Services (2025), Great Place to Work certification, and U.S. News best senior living designations.

Name

Springpoint

Legal name

Springpoint Senior Living, Inc.

Website

https://springpointsl.org

Company type

Private

Founded year

1916

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Springpoint Senior Living is a 109-year-old New Jersey-based 501(c)(3) nonprofit operating 29 senior living communities across New Jersey and Delaware, serving nearly 4,500 residents with a full continuum of care from independent living through skilled nursing, plus affordable housing, in-home care, and long-term care planning membership.

Ownership category

akta.pro rank

Product category

Senior Living Services

NAICS

Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (62331), Continuing Care Retirement Communities (623311), Assisted Living Facilities for the Elderly (623312), Nursing and Residential Care Facilities (623)

SIC

Services-Nursing & Personal Care Facilities (8050), Services-Skilled Nursing Care Facilities (8051), Services-Home Health Care Services (8082)

akta.pro primary industry

Continuing Care Retirement Communities (CCRC) with Memory Care (HLADACAD)

akta.pro secondary industry

Assisted Living with Memory Care (Mixed Campus) (HLADABAB)

Keywords

• Senior living services
• Assisted living communities
• Memory care programs
• Life plan communities
• Affordable senior housing

Headquarters

HQ city

Township Of Washington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Life Plan Community Fees: Residents pay entrance fees and ongoing monthly service fees for access to independent living with guaranteed future care access across the continuum. Entrance fees vary by contract type and residence size.
2. Assisted Living and Memory Care: Monthly fees for personalized assisted living and memory care services including daily living support, medication management, and specialized dementia programming.
3. Skilled Nursing and Rehabilitation: 24-hour nursing care services billed through Medicare for short-term rehab, Medicaid for eligible long-term care, or private pay arrangements.
4. Affordable Housing Rent: Income-based monthly rents for qualifying seniors 62+, with some communities offering market-rate options. HUD-subsidized community residents pay 30% of adjusted gross annual income.
5. Springpoint Choice Membership: Long-term care planning membership program allowing pre-payment for future care access at discounted rates, combining financial protection with personalized care coordination.
6. Home Care Services: Non-medical in-home care services ranging from companionship and light housekeeping to personal care and 24/7 live-in support, available hourly or through custom care plans.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels10 records

Core offering

Springpoint is a nonprofit senior living provider operating 29 communities across New Jersey and Delaware that deliver a full continuum of care spanning independent living, assisted living, memory care, skilled nursing and rehabilitation, affordable housing, and in-home care. Residents pay entrance fees plus recurring monthly service fees at Life Plan Communities, with specialized proprietary programs (Connections dementia care, LivWell wellness) and the Springpoint Choice long-term care planning membership extending the offering.

Product overview

Springpoint is a nonprofit senior living provider offering a diversified portfolio of residential care and wellness services across New Jersey and Delaware. The core offering consists of Life Plan Communities (full-service campuses with independent living and built-in access to escalating care levels), Senior Care Communities (assisted living and memory care environments), and Affordable Housing (income-based senior apartments). Supporting services include Springpoint at Home (in-home care), Springpoint Choice (long-term care planning membership), and the LivWell wellness program. The portfolio is anchored by 8 Life Plan Communities, 2 Senior Care Communities, and 20 Affordable Housing properties serving approximately 4,500 residents. The company reinvests revenue into community enhancements, programs, and services rather than distributing to shareholders.

Differentiator

Problem solved

Functional benefit

Brands

• LivWell: Springpoint's award-winning personalized senior wellness program designed to nurture mind, body, and spirit for enriched, purposeful daily living, covering seven wellness dimensions: physical, emotional, social, intellectual, spiritual, vocational, and environmental
• Springpoint Choice
• Springpoint at Home

Products and services

• Life Plan Communities Full-service senior living campuses offering independent living with built-in access to higher levels of care including assisted living, memory care, skilled nursing, and rehabilitation if needed. Residents can age in place with seamless transitions between care levels; available across 8 Springpoint campuses spanning New Jersey and Delaware.
• Senior Care Communities Supportive residential environments offering personal care, memory care, and short-term respite stays. Provides personalized assisted living with dedicated team members in purpose-built small neighborhood settings across 2 Springpoint Senior Care Communities.
• Affordable Housing Income-based senior apartments available at below-market rents offering comfortable, secure, independent living for adults 62+ (55+ at select communities). Includes barrier-free options for adults 18+ with mobility impairments. Operated across 19 Affordable Housing communities in New Jersey, with most properties maintaining waiting lists of at least one year or longer.
• Springpoint at Home Personalized in-home care services helping seniors remain safe and independent in their own homes. Services include companionship, meal preparation, personal care assistance, transportation, and medication reminders from a few hours weekly to 24/7 live-in care, provided by licensed caregivers.
• Springpoint Choice Long-term care planning membership program offering predictable costs, priority access to care, and Personal Care Navigator guidance. Allows pre-payment for future care at discounted rates combined with personalized care coordination. Multiple plan options are available based on age, financial circumstances, and anticipated future needs.

Quantifiable outcome

• 4,000+ older adults empowered to live boldly across NJ and DE
• +3 more outcomes

Named customers4 records

Segments7 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators10 records

Recent moves1 record

Expansion highlights6 records

Broad incumbents

• Brookdale Senior Living: Largest U.S. senior living operator with a national portfolio spanning independent living, assisted living, memory care, and skilled nursing. Operates CCRCs at scale and competes in the same customer segments; Springpoint's VP of Operations previously worked at Brookdale.
• Sunrise Senior Living: Large national assisted living and memory care operator with strong brand presence in the Northeast. Comparable in care-level offerings but operates as a for-profit model and broader geographic reach than Springpoint.
• Atria Senior Living: Large for-profit senior living operator with communities across the U.S. including New Jersey; offers independent living, assisted living, and memory care with similar amenity-rich positioning. Competes in same geographies for higher-acuity residents.
• Senior Lifestyle: National senior living operator with a portfolio of independent living, assisted living, memory care, and skilled nursing communities, including presence in the Northeast. Comparable service breadth and mid-market positioning to Springpoint's communities.

Direct peers

• Benchmark Senior Living: Northeast-focused senior living operator offering independent living, assisted living, and memory care communities across a multi-state footprint with similar resident-first positioning. Springpoint's VP of Operations previously held roles at Benchmark.
• Life Care Services: One of the largest U.S. managers and developers of Life Plan Communities (CCRCs), serving over 14,000 residents across 30+ states. Closest comparable to Springpoint's eight-campus Life Plan Community platform and full continuum of care delivery.
• Acts Retirement-Life Communities: Nonprofit operator of Life Plan Communities primarily in the Mid-Atlantic and Southeast, serving over 10,000 residents. Direct analog as a faith-rooted nonprofit CCRC provider in the eastern U.S. competing for the same senior demographic.
• Presbyterian Senior Living: Pennsylvania-based nonprofit providing a full continuum of senior living services (independent living, personal care, skilled nursing, memory care, home care, affordable housing) across multiple campuses. Strong peer given similar mission-driven structure and Mid-Atlantic region overlap.
• National Church Residences: Nonprofit provider of senior living, affordable housing, and home and community-based services across multiple states. Comparable nonprofit structure and combination of CCRC, affordable housing, and home-based service offerings.
• Watermark Retirement Communities: Operator of upscale senior living communities with a focus on Life Plan and assisted living campuses, primarily in the Northeast and Southwest. Direct competitor for premium independent living and continuum-of-care residents in overlapping markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Springpoint-971082012931573
• LinkedInlinkedin.com/company/springpoint-senior-living
• Xx.com/SpringpointTLP

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Springpoint