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      <TotalRevenue>
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      <GrantsToDomesticOrgs>
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      <GrantsToDomesticIndividuals>
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      <BenefitsToMembers>
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      <FeesForServicesManagement>
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      </FeesForServicesManagement>
      <FeesForServicesLegal>
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      <FeesForServicesAccounting>
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      <FeesForServicesLobbying>
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      </FeesForServicesLobbying>
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      <OtherLiabilities>
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        <ReturnReference>SCHEDULE D, PART X</ReturnReference>
        <Explanation>THE ORGANIZATION IS THE PARENT OF A TAX-EXEMPT GROUP OF ORGANIZATIONS THAT PROVIDE CONTINUING CARE RETIREMENT COMMUNITY SERVICES. AN INDEPENDENT CPA FIRM AUDITED THE CONSOLIDATED FINANCIAL STATEMENTS OF SPRINGPOINT SENIOR LIVING, INC. AND AFFILIATES FOR THE YEARS ENDED DECEMBER 31, 2011 AND DECEMBER 31, 2010; RESPECTIVELY. THE FOLLOWING IS THE TEXT OF THE FOOTNOTE INCLUDED IN THE ORGANIZATION'S YEAR ENDED DECEMBER 31, 2011 CONSOLIDATED AUDITED FINANCIAL STATEMENTS THAT REPORTS THE ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48: THE COMPANY ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD IS MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN 2011 AND 2010.</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
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        <Identifier>COMPENSATION INFORMATION</Identifier>
        <ReturnReference>SCHEDULE J, PART I; QUESTION 4B</ReturnReference>
        <Explanation>THE DEFERRED COMPENSATION AMOUNT IN COLUMN C FOR THE FOLLOWING INDIVIDUALS INCLUDES UNVESTED BENEFITS IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN WHICH ARE SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. ACCORDINGLY, THE INDIVIDUALS MAY NEVER ACTUALLY RECEIVE THIS UNVESTED BENEFIT AMOUNT. THE AMOUNTS OUTLINED HEREIN WERE NOT INCLUDED IN THE INDIVIDUAL'S 2011 FORM W-2, BOX 5 AS TAXABLE MEDICARE WAGES: GARY T. PUMA, $2,427,023; GARRETT I. MIDGETT III, $227,381 AND MAUREEN E CAFFERTY, ESQ., $22,610.</Explanation>
      </Form990ScheduleJPartIII>
      <Form990ScheduleJPartIII>
        <Identifier>COMPENSATION INFORMATION</Identifier>
        <ReturnReference>SCHEDULE J, PART I; QUESTION 7 AND CORE FORM, PART VII</ReturnReference>
        <Explanation>CERTAIN INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED A BONUS DURING CALENDAR YEAR 2011 WHICH AMOUNTS WERE INCLUDED IN COLUMN B(II) HEREIN AND IN EACH INDIVIDUAL'S 2011 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. PLEASE REFER TO THIS SECTION OF THE FORM 990, SCHEDULE J FOR THIS INFORMATION BY PERSON BY AMOUNT.</Explanation>
      </Form990ScheduleJPartIII>
    </IRS990ScheduleJ>
    <IRS990ScheduleK documentId="IRS990ScheduleK">
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>222045817</IssuerEIN>
        <DateIssued>2010-12-14</DateIssued>
        <IssuePrice>30000000</IssuePrice>
        <DescriptionOfPurpose>RENOVATIONS/DEBT PAYOFF</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
        <PoolFinancing>true</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartII>
        <AmountRetired>0</AmountRetired>
        <AmountBondDefeased>0</AmountBondDefeased>
        <TotalProceeds>30000000</TotalProceeds>
        <AmountInReserveFund>0</AmountInReserveFund>
        <CapitalizedInterest>0</CapitalizedInterest>
        <RefundingEscrow>0</RefundingEscrow>
        <IssuanceCostsFromProceeds>332456</IssuanceCostsFromProceeds>
        <CreditEnhancement>0</CreditEnhancement>
        <WorkingCapitalExpenditures>29667544</WorkingCapitalExpenditures>
        <CapitalExpenditures>0</CapitalExpenditures>
        <OtherSpentProceeds>0</OtherSpentProceeds>
        <AmountUnspent>0</AmountUnspent>
        <YearOfSubstCompletion>2010</YearOfSubstCompletion>
        <CurrentRefunding>false</CurrentRefunding>
        <AdvanceRefunding>false</AdvanceRefunding>
        <FinalAllocationMade>true</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>true</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartIII>
        <OwningBondFinancedProperty>false</OwningBondFinancedProperty>
        <AnyLeaseArrangements>false</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>false</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>false</AnyResearchAgreements>
        <PrcntgePrvtBusinessUseByOthers>0</PrcntgePrvtBusinessUseByOthers>
        <PostIssuanceComplianceProcdrs>true</PostIssuanceComplianceProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIV>
        <Form8038TFiled>false</Form8038TFiled>
        <VariableRateIssue>true</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>false</HedgeIdentifiedInBooksAndRecds>
        <NameOfHedgeProvider>
          <BusinessNameLine1>0</BusinessNameLine1>
        </NameOfHedgeProvider>
        <GrossProceedsInvestedInGIC>false</GrossProceedsInvestedInGIC>
        <NameOfGICProvider>
          <BusinessNameLine1>0</BusinessNameLine1>
        </NameOfGICProvider>
        <GrossProceedsInvested>false</GrossProceedsInvested>
        <ExceptionToRebate>false</ExceptionToRebate>
      </Form990ScheduleKPartIV>
      <FedTaxRequirementsCompliance>X</FedTaxRequirementsCompliance>
      <Form990ScheduleKPartVI>
        <Identifier>TAX-EXEMPT LIABILITIES</Identifier>
        <ReturnReference>SCHEDULE K</ReturnReference>
        <Explanation>The tax-exempt bond issuances reflected in Schedule K, Part I are issued on behalf of the SPRINGPOINT SENIOR LIVING, INC. OBLIGated group OF WHICH this organization IS THE TAX-EXEMPT PARENT. SPECIFICALLY, THIS TAX-EXEMPT BOND WAS ISSUED ON BEHALF OF THIS ORGANIZATION AND SPRINGPOINT AT MEADOW LAKES, INC.; A MEMBER OF THE SPRINGPOINT SENIOR LIVING, INC. OBLIGATED GROUP. Please note that Schedule K, Parts II, III and IV have been completed based upon the total amount of the tax-exempt bond issuances for the obligated group; not by each individual institution or entity. THE PROCEEDS FROM THE SERIES 2010 BONDS WERE ALLOCATED TO MEMBERS OF THE 1998 OBLIGATED GROUP BASED ON THEIR DIRECT USE OF THE PROCEEDS. THE TOTAL PROCEEDS FROM THE SERIES 2010 BONDS WERE USED TO (A) FINANCE RENOVATIONS TO CERTAIN PROPERTIES OWNED AND OPERATED BY THE 1998 OBLIGATED GROUP AND (B) TO FINANCE CERTAIN COSTS OF ISSUANCE OF THE 2010 BOND.</Explanation>
      </Form990ScheduleKPartVI>
    </IRS990ScheduleK>
    <IRS990ScheduleO documentId="IRS990ScheduleO">
      <GeneralExplanation>
        <Identifier>COMMUNITY BENEFIT STATEMENT AND PROGRAM SERVICES</Identifier>
        <ReturnReference>CORE FORM, PART III; STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS</ReturnReference>
        <Explanation>Background ========== Springpoint Senior Living is New Jersey's leading not-for-profit provider of senior housing and care, in business since 1916. Through our Springpoint Foundation, we provide financial support for residents in need, as well as offer life-enhancing educational, arts and cultural programming. Other affiliated services include management and development on a partnership or fee basis through Princeton Senior Living. Springpoint Senior Living owns and operates 23 senior communities throughout New Jersey including five full-service senior living and 18 affordable housing communities. Springpoint employs approximately 1,200 individuals who care for more than 3,000 residents. Springpoint Senior Living is guided its commitment to the quality of life of its own residents as well as concern for the well-being of seniors throughout New Jersey. Springpoint Senior Living is non-denominational, welcoming residents of all faiths and backgrounds. Mission Statement ================= Springpoint Senior Living's mission is to make a difference in the lives of residents, families and communities we serve. "Residents-first" Philosophy ============================ At Springpoint Senior Living, our "residents- first" philosophy guides us in promoting and expanding our mission of offering high-quality housing and services and an outstanding quality of life for every resident, every day. Springpoint Senior Living Statement for Community Benefits ========================================================== Springpoint Senior Living is an active community partner, bringing philanthropic, cultural and educational resources to seniors and their family members across New Jersey. Springpoint Senior Living Principles ==================================== Springpoint Senior Living is guided by the following principles in furthering its charitable tax-exempt purposes: 1. A belief that each resident deserves the highest quality of life every day. 2. A conviction that seniors need and deserve choices in their lifestyle preferences. 3. A commitment to ongoing learning as a means to enhance quality of life by addressing issues of health, housing, financial planning and more. 4. A commitment to enhancing access to arts, culture and educational programming for seniors. Vision ====== Springpoint Senior Living will be the leader in innovative housing, healthcare and integrated supportive service solutions. Springpoint Senior Living Communities ===================================== Full-service senior living -------------------------- Springpoint full service senior living communities offer flexible accommodations designed to meet health and housing needs that can change over time. The full-service care spectrum encompasses independent living, assisted living and skilled nursing care. These communities also offer housekeeping, meals and activities. All five Springpoint full-service retirement communities hold accreditation by CARF-CCAC, the nation's only accrediting body for continuing care retirement communities. Services offered by Springpoint full-service senior living communities include: - restaurant-style and casual dining - high-quality on-site health care - fitness center and indoor pool (Crestwood Manor, Meadow Lakes, Monroe Village and Stonebridge at Montgomery) - beauty and barber shop - housekeeping services - concierge services Full-service senior living community snapshot Crestwood Manor, Whiting, NJ Crestwood offers 331 one- and two-bedroom apartments, 32 expanded services program units, and a 64-bed skilled nursing care center on a 40-acre campus in Ocean County. Meadow Lakes, East Windsor, NJ Meadow Lakes offers 279 independent living apartments, 15 cottages, 44 assisted living suites and 60 skilled nursing BEDS on a 103-acre campus in Mercer County. Monroe Village, Monroe Township, NJ Monroe Village offers 285 independent living apartments, 28 assisted living suites and 60 skilled nursing BEDS on 55 acres in Middlesex County. Stonebridge at Montgomery, Skillman, NJ Stonebridge offers 187 independent living apartments, 24 cottages, 60 assisted living apartments and 40 skilled nursing BEDS on 40 acres in Somerset County. The Atrium at Navesink Harbor, Red Bank, NJ The Atrium at Navesink Harbor is currently undergoing an expansion. Upon completion it will offer 140 independent living units, and 43 long term care BEDS. Affordable housing ------------------ Springpoint affordable housing communities offer comfortable, attractive, reasonably-priced housing options to individuals with limited incomes. Prospective residents are age 62 and over and must meet federal income guidelines. Residents pay rent based on 30% of their adjusted gross annual income. Income limits vary by location. Heat and hot water are also included in the rental fee. Please note: below-market flat-fee rents apply at Samuel Miller and for some apartments at Asbury Tower. Each Springpoint affordable housing community offers private unfurnished apartments with easy access to transportation, shopping, medical facilities and other amenities. Springpoint Senior Living affordable housing communities include: - Allaire Crossing, Wall, 66 units (managed) - Asbury Tower, Asbury Park, 350 units (managed) - Butler Senior Community, Butler, 90 units (managed) - Countryside Meadows, Egg Harbor City, 83 units - Crossroads at Howell, Freehold, 86 units - The Oaks at Toms River, 85 units - Friendship Gardens, Howell, 99 units (managed) - The Gables at West Windsor, 85 units - Hidden Brook at Franklin, 85 units - Manchester Pines, Whiting, 84 units - Plainfield Tower West, Plainfield, 154 units (managed) - Portland Pointe, Atlantic highlands, 57 units - Robert Noble Manor, South Amboy, 40 units (managed) - Samuel Miller Senior Housing, Mount Holly, 29 units (managed) - Stafford by the Bay, Manahawkin, 85 units - Watching Terrace at Middlesex, 86 units - Wheaton Pointe at East Windsor, 84 units - Woodlands at Ramsey, 99 units (managed)</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMMUNITY BENEFIT STATEMENT AND PROGRAM SERVICES (CONTINUED)</Identifier>
        <ReturnReference>CORE FORM, PART III; STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS</ReturnReference>
        <Explanation>Springpoint Foundation ---------------------- The Springpoint Foundation is the community outreach and philanthropic arm of Springpoint Senior Living. Since 1916, the primary purpose of the Springpoint Foundation has been making a difference in the lives of seniors and their families through our resident and community partnership programs. We seek to accomplish our goals by encouraging charitable support through a variety of giving and sponsorship opportunities, special events and gift planning programs. Life-enhancing resident assistance Benevolent care: financial stability equals peace of mind for today's aging adults. Today, we are holding true to our mission and helping more residents financially than in any previous year. Supplemental medical services: necessary medical care can often be unaffordable or unattainable for today's seniors. Simple, high-quality, readily available care would allow them to receive needed treatment while remaining comfortably at home. The foundation provides substantial funding for supplemental assisted living-type medical care that directly impacts residents' quality of life every day. Transportation: many older adults are unable to drive, significantly limiting their ability to remain independent and negatively impacting their quality of life. Each year, the foundation allocates funding for transportation. For example, the foundation currently supports the purchase and maintenance of new busses that provide greater independence for more than 1,700 residents living in 18 affordable housing communities. Chaplaincy: spiritual leadership positively influences both the physical and emotional well-being of seniors. Our programs encourage seniors to practice their faith and obtain the spiritual guidance they need to maintain a healthy state of mind and body. Community enrichment partnership programs World-class arts and culture: this exciting and innovative partnership initiative brings world-class arts organizations, artists, and cultural leaders together with the Springpoint Foundation. As a result, an expansive repertoire of arts and cultural disciplines are more readily available, accessible, and affordable for older adults. Funded in part by the Springpoint Foundation, as well as individuals and corporate sponsors, our arts and culture initiative engages leading arts and cultural partners to develop programs designed to make arts more accessible and affordable. Recent programs included world-class chamber music concerts, dance recitals, bi-monthly lectures on various art and history topics, and a series of live opera performances. Community service and volunteering: in an effort to enrich the larger community, the Springpoint Foundation acts as a convener and coordinator of community service and volunteer programs. Working with individuals and organizations, the foundation creates and identifies volunteer opportunities that benefit people and communities in need. Health and wellness education: older people today face a tremendous number of unique issues. At the foundation, we firmly believe that continuing education by top professionals is the key to overcoming those challenges. Through advice, knowledge-sharing and related services, we can address the needs of seniors and their families, giving them the guidance needed to make the most informed decisions about their lives. The foundation supports a community education initiative which serves as a vital information resource for older adults, their families and caregivers. The foundation enhances quality of life by highlighting current, relevant issues as they relate to health, housing and finances for older people. Workforce development and internships: our tomorrow's leaders program is designed to create and inspire the next generation of leaders and innovators in senior care. It is supported through sponsorship of interns by individuals, corporations, and Springpoint vendors. Interns gain hands-on experience and first-hand knowledge of the latest policies and practices that affect the needs of aging adults. We are proud that many of our interns continue on to a career in the field of senior care. Conclusion ---------- Springpoint Senior Living is a not-for-profit leader in high-quality senior housing and care. Springpoint offers diverse retirement lifestyle options as well as a range of innovative services and programming that enhance residents' lives each day. Our lifestyle choices include full-service senior living, and affordable housing. Because Springpoint is a not-for-profit corporation, residents and their families are always our first priority. Our compassionate, professional staff ensures that residents enjoy the best quality of life each day while maintaining the highest possible level of independence.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>DISCLOSURE INFORMATION</Identifier>
        <ReturnReference>CORE FORM, PART VI, SECTION A; QUESTION 4</ReturnReference>
        <Explanation>DURING 2011, THE ORGANIZATION AMENDED AND RESTATED ITS BYLAWS TO REFLECT THE FACT THAT THE ORGANIZATION ELIMINATED ITS SENIOR VICE PRESIDENT OF ADMINISTRATIVE SERVICES POSITION AND CREATED A POSITION FOR AN EXECUTIVE VICE PRESIDENT/CHIEF OPERATING OFFICER. IN ADDITION, THE ORGANIZATION CHANGED ITS MISSION STATEMENT TO MORE ACCURATELY REFLECT ITS TAX-EXEMPT PURPOSE.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>DISCLOSURE INFORMATION</Identifier>
        <ReturnReference>CORE FORM, PART VI, SECTION B; QUESTION 11B</ReturnReference>
        <Explanation>THE ORGANIZATION IS THE PARENT OF A TAX-EXEMPT GROUP OF ORGANIZATIONS THAT PROVIDE CONTINUING CARE RETIREMENT COMMUNITY SERVICES AND AFFORDABLE HOUSING. THE FORM 990 WAS PROVIDED TO THE MEMBERS OF THE ORGANIZATION'S FULL GOVERNING BODY; ITS BOARD OF TRUSTEES, FOR ITS REVIEW AND APPROVAL PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE ("IRS"). THE AUDIT COMMITTEE OF THE ORGANIZATION HELD A MEETING AND PERFORMED A DETAILED REVIEW OF THE FORM 990 PRIOR TO THE PROVISION OF THE FORM TO THE ORGANIZATION'S BOARD OF TRUSTEES. THE ORGANIZATION'S BOARD OF TRUSTEES HAS DELEGATED TO ITS AUDIT COMMITTEE THE RESPONSIBILITY TO OVERSEE, REVIEW AND APPROVE OF THE FEDERAL FORM 990, INCLUDING THE PREPARATION, REVIEW AND FILING PROCESS. AS PART OF THE TAX RETURN PREPARATION PROCESS, THE ORGANIZATION HIRED A PROFESSIONAL CPA FIRM WITH EXPERIENCE AND EXPERTISE IN BOTH HEALTHCARE AND NOT-FOR-PROFIT TAX RETURN PREPARATION TO PREPARE THE FEDERAL FORM 990. THE CPA FIRM'S TAX PROFESSIONALS WORKED CLOSELY WITH THE ORGANIZATION'S FINANCE PERSONNEL AND VARIOUS OTHER INDIVIDUALS OF THE ORGANIZATION TO OBTAIN THE INFORMATION NEEDED IN ORDER TO PREPARE A COMPLETE AND ACCURATE TAX RETURN. THE CPA FIRM PREPARED A DRAFT FEDERAL FORM 990 AND FURNISHED IT TO THE ORGANIZATION'S FINANCE PERSONNEL AND OTHER INDIVIDUALS FOR THEIR REVIEW. THE ORGANIZATION'S FINANCE PERSONNEL AND OTHER INDIVIDUALS REVIEWED THE DRAFT FEDERAL FORM 990 AND DISCUSSED QUESTIONS AND COMMENTS WITH THE CPA FIRM. REVISIONS WERE MADE TO THE DRAFT FEDERAL FORM 990 WHERE NECESSARY AND A FINAL DRAFT WAS FURNISHED BY THE CPA FIRM TO THE ORGANIZATION'S FINANCE PERSONNEL AND VARIOUS OTHER INDIVIDUALS FOR FINAL REVIEW AND APPROVAL PRIOR TO PRESENTATION OF THE FEDERAL FORM 990 TO THE MEMBERS OF THE SPRINGPOINT SENIOR LIVING, INC. AUDIT COMMITTEE AND THEREAFTER THE PROVISION TO ITS FULL BOARD OF TRUSTEES.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>DISCLOSURE INFORMATION</Identifier>
        <ReturnReference>CORE FORM, PART VI, SECTION B; QUESTION 12</ReturnReference>
        <Explanation>THE ORGANIZATION IS THE PARENT OF A TAX-EXEMPT GROUP OF ORGANIZATIONS THAT PROVIDE CONTINUING CARE RETIREMENT COMMUNITY SERVICES AND AFFORDABLE HOUSING. THE ORGANIZATION REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. ANNUALLY ALL MEMBERS OF THE BOARD OF TRUSTEES, OFFICERS AND SENIOR MANAGEMENT PERSONNEL ARE REQUIRED TO REVIEW THE EXISTING CONFLICT OF INTEREST POLICY AND COMPLETE A QUESTIONNAIRE. THE COMPLETED QUESTIONNAIRES ARE RETURNED TO THE ORGANIZATION'S GENERAL COUNSEL FOR REVIEW. THEREAFTER THE ORGANIZATION'S GENERAL COUNSEL PREPARES A SUMMARY OF THE COMPLETED QUESTIONNAIRES WHICH CONTAINS INFORMATION DISCLOSED ON AN INDIVIDUAL BY INDIVIDUAL BASIS AND PRESENTS THIS SUMMARY TO THE ORGANIZATION'S GOVERNANCE COMMITTEE FOR ITS REVIEW AND DISCUSSION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>DISCLOSURE INFORMATION</Identifier>
        <ReturnReference>CORE FORM, PART VI, SECTION B; QUESTION 15</ReturnReference>
        <Explanation>THE ORGANIZATION'S BOARD OF TRUSTEES HAS AN EXECUTIVE COMPENSATION COMMITTEE ("COMMITTEE"). THE COMMITTEE HAS ADOPTED A WRITTEN EXECUTIVE COMPENSATION PHILOSOPHY WHICH IT FOLLOWS WHEN IT REVIEWS AND APPROVES OF THE COMPENSATION AND BENEFITS OF THE ORGANIZATION'S SENIOR MANAGEMENT, INCLUDING THE PRESIDENT/CHIEF EXECUTIVE OFFICER, CHIEF OPERATING OFFICER AND CHIEF FINANCIAL OFFICER. THE COMMITTEE REVIEWS THE "TOTAL COMPENSATION" OF THE INDIVIDUALS WHICH IS INTENDED TO INCLUDE BOTH CURRENT AND DEFERRED COMPENSATION AND ALL EMPLOYEE BENEFITS, BOTH QUALIFIED AND NON-QUALIFIED. THE COMMITTEE'S REVIEW IS DONE ON AT LEAST AN ANNUAL BASIS AND ENSURES THAT THE "TOTAL COMPENSATION" OF SENIOR MANAGEMENT OF THE ORGANIZATION IS REASONABLE. THE ACTIONS TAKEN BY THE COMMITTEE ENABLE THE ORGANIZATION TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS FOR PURPOSES OF INTERNAL REVENUE CODE SECTION 4958 WITH RESPECT TO THE TOTAL COMPENSATION OF CERTAIN MEMBERS OF THE SENIOR MANAGEMENT TEAM, INCLUDING THE PRESIDENT/CHIEF EXECUTIVE OFFICER, CHIEF OPERATING OFFICER AND CHIEF FINANCIAL OFFICER. THE THREE FACTORS WHICH MUST BE SATISFIED IN ORDER TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS ARE THE FOLLOWING: 1. THE COMPENSATION ARRANGEMENT IS APPROVED IN ADVANCE BY AN "AUTHORIZED BODY" OF THE APPLICABLE TAX-EXEMPT ORGANIZATION WHICH IS COMPOSED ENTIRELY OF INDIVIDUALS WHO DO NOT HAVE A "CONFLICT OF INTEREST" WITH RESPECT TO THE COMPENSATION ARRANGEMENT; 2. THE AUTHORIZED BODY OBTAINED AND RELIED UPON "APPROPRIATE DATA AS TO COMPARABILITY" PRIOR TO MAKING ITS DETERMINATION; AND 3. THE AUTHORIZED BODY "ADEQUATELY DOCUMENTED THE BASIS FOR ITS DETERMINATION" CONCURRENTLY WITH MAKING THAT DETERMINATION. THE COMMITTEE IS COMPRISED OF MEMBERS OF THE BOARD OF TRUSTEES EACH OF WHO ARE INDEPENDENT AND ARE FREE FROM ANY CONFLICTS OF INTEREST. THE COMMITTEE RELIED UPON APPROPRIATE COMPARABLE DATA; SPECIFICALLY THE COMMITTEE OBTAINED A WRITTEN COMPENSATION STUDY FROM AN INDEPENDENT FIRM WHICH SPECIALIZES IN THE REVIEWING OF RETIREMENT HOUSING AND SENIOR LIVING HEALTHCARE SERVICES EXECUTIVE COMPENSATION AND BENEFITS THROUGHOUT THE UNITED STATES. THIS STUDY USED COMPARABLE GEOGRAPHIC AND DEMOGRAPHIC MARKET DATA INCLUDING BUT NOT LIMITED TO SIMILAR SIZED ORGANIZATIONS, # OF CONTINUING CARE RETIREMENT COMMUNITIES AND RESIDENTIAL FACILITY REVENUE. THE COMMITTEE ADEQUATELY DOCUMENTED ITS BASIS FOR ITS DETERMINATION THROUGH THE TIMELY PREPARATION OF WRITTEN MINUTES OF THE COMPENSATION COMMITTEE MEETINGS DURING WHICH THE EXECUTIVE COMPENSATION AND BENEFITS WAS REVIEWED AND SUBSEQUENTLY APPROVED.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>DISCLOSURE INFORMATION</Identifier>
        <ReturnReference>CORE FORM, PART VI, SECTION C; QUESTION 19</ReturnReference>
        <Explanation>THE ORGANIZATION HAS ISSUED TAX-EXEMPT BONDS TO FINANCE VARIOUS CAPITAL IMPROVEMENT PROJECTS, RENOVATIONS AND EQUIPMENT. IN CONJUNCTION WITH THE ISSUANCE OF THESE TAX-EXEMPT BONDS, THE ORGANIZATION'S FINANCIAL STATEMENTS WERE INCLUDED WITH THE TAX-EXEMPT BOND PROSPECTUS WHICH WAS MADE AVAILABLE TO THE GENERAL PUBLIC FOR REVIEW. THE ORGANIZATION'S FILED CERTIFICATE OF INCORPORATION AND ANY AMENDMENTS CAN BE OBTAINED AND REVIEWED THROUGH THE STATE OF NEW JERSEY DEPARTMENT OF THE TREASURY.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>OTHER CHANGES IN NET ASSETS</Identifier>
        <ReturnReference>CORE FORM, PART XI; QUESTION 5</ReturnReference>
        <Explanation>OTHER CHANGES IN NET ASSETS OR FUND BALANCE INCLUDE: - NET UNREALIZED LOSS ON INVESTMENTS - ($88,735) - CHANGE IN FAIR VALUE OF DERIVATE FINANCIAL INSTRUMENTS - ($114,592)</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>AUDITED FINANCIAL STATEMENTS</Identifier>
        <ReturnReference>CORE FORM, PART XII; QUESTION 2</ReturnReference>
        <Explanation>THE ORGANIZATION IS THE PARENT OF A TAX-EXEMPT GROUP OF ORGANIZATIONS THAT PROVIDE CONTINUING CARE RETIREMENT COMMUNITY SERVICES AND AFFORDABLE HOUSING. AN INDEPENDENT CPA FIRM AUDITED THE CONSOLIDATED FINANCIAL STATEMENTS OF THE ORGANIZATION FOR THE YEARS ENDED DECEMBER 31, 2011 AND DECEMBER 31, 2010; RESPECTIVELY, AND ISSUED A CONSOLIDATED FINANCIAL STATEMENT WITH CONSOLIDATING SCHEDULES BY ENTITY. AN UNQUALIFIED OPINION WAS ISSUED EACH YEAR BY THE INDEPENDENT CPA FIRM. THE ORGANIZATION'S AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT AUDITOR.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:CAROLYN G HOLMES TITLE:CHAIR - TRUSTEE HOURS:1</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:KERRY M PARKER TITLE:VICE CHAIR - TRUSTEE HOURS:1</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:JOSEPH ANANIA TITLE:TRUSTEE HOURS:1</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:DAVID H BLAIR TITLE:TRUSTEE HOURS:1</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:FRANCIS V BONELLO TITLE:TRUSTEE HOURS:1</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:ERIC N BURKETT MD TITLE:TRUSTEE HOURS:1</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:MICHAEL DAGNES TITLE:TRUSTEE HOURS:1</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:SUSAN M HENDRICKSON TITLE:TRUSTEE HOURS:1</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:DAVID G KOSTINAS TITLE:TRUSTEE HOURS:1</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:JOHN J MCSORLEY TITLE:TRUSTEE HOURS:1</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:JEANA M PISCATELLI TITLE:TRUSTEE HOURS:1</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:GARY T PUMA TITLE:TRUSTEE;EX-OFFICIO-PRES/CEO HOURS:50</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:MAUREEN SCHNEIDER TITLE:TRUSTEE HOURS:1</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:RICHARD J SERLUCO TITLE:TRUSTEE HOURS:1</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:REVEREND LEE B SPITZER PHD TITLE:TRUSTEE HOURS:1</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:JAMES S VACCARO (EFFECTIVE 7/11/11) TITLE:ASST SECRETARY - EXEC VP/COO HOURS:50</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:CHARLES R MOONEY (TERMED 6/17/11) TITLE:SVP ADM SVS/BUS DEVELOPMENT HOURS:50</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:GARRETT t MIDGETT III TITLE:TREASURER - SENIOR VP/CFO HOURS:50</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:LAURENCE C GUMINA (TERMED 12/29/11) TITLE:SENIOR VP PROJECT DEVELOPMENT HOURS:50</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:ANTHONY ARGONDIZZA TITLE:SENIOR VP OPERATIONS HOURS:50</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:MAUREEN E CAFFERTY ESQ TITLE:SECRETARY - VP/GENERAL COUNSEL HOURS:50</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:LAURA T KISLOWSKI (TERMED 11/15/11) TITLE:SR VP SALES &amp; MARKETING HOURS:50</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:LINDA ROSE TITLE:SENIOR VP HEALTH SERVICES HOURS:50</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:PAMELA I SMITH (EFFECTIVE 7/26/11) TITLE:SR VP STRATEGIC SVCS HOURS:50</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:DAVID L WOODWARD TITLE:VP AFFORDABLE HOUSING HOURS:50</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:RAYMOND R LEENIG TITLE:VP INFORMATION TECHNOLOGY HOURS:50</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:MARYBETH KOPEC TITLE:VP FINANCE HOURS:50</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:JOSEPH T CLAFFEY TITLE:VP FOUNDATION HOURS:50</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:DAVID B WEAN TITLE:CCRC EXECUTIVE DIRECTOR HOURS:50</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:BRENDEN D GAROZZO TITLE:CCRC EXECUTIVE DIRECTOR HOURS:50</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:JOHN C RAUNER TITLE:CCRC EXECUTIVE DIRECTOR HOURS:50</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:JAY ZIMMER TITLE:CCRC EXECUTIVE DIRECTOR HOURS:50</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>HOURS DEVOTED FOR RELATED ORGANIZATION</Identifier>
        <ReturnReference>FORM 990 PART VII</ReturnReference>
        <Explanation>NAME:PATRICIA A DIMINO TITLE:ASSISTED LIVING EXECUTIVE DIR HOURS:50</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="IRS990ScheduleR">
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        <NameOfDisregardedEntity>
          <BusinessNameLine1>PRINCETON SENIOR LIVING LLC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>13 ROZSEL ROAD SUITE C120</AddressLine1>
          <City>PRINCETON</City>
          <State>NJ</State>
          <ZIPCode>08540</ZIPCode>
        </AddressUS>
        <EIN>208081178</EIN>
        <PrimaryActivities>HEALTH SVCS.</PrimaryActivities>
        <LegalDomicileState>NJ</LegalDomicileState>
        <TotalIncome>1895582</TotalIncome>
        <EOYAssets>6398552</EOYAssets>
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          <BusinessNameLine1>SPRINGPOINT</BusinessNameLine1>
        </DirectControllingEntityName>
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      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>THE PRESBYTERIAN HOME AT DOVER INC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>923 OAK AVENUE</AddressLine1>
          <City>TOMS RIVER</City>
          <State>NJ</State>
          <ZIPCode>08753</ZIPCode>
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        <EIN>202005487</EIN>
        <PrimaryActivities>HEALTH SVCS.</PrimaryActivities>
        <LegalDomicileState>NJ</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>509(a)(2)</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>SPRINGPOINT</BusinessNameLine1>
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        <ControlledOrg>true</ControlledOrg>
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        <NameOfDisregardedEntity>
          <BusinessNameLine1>SPRINGPOINT AT THE ATRIUM INC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>40 RIVERSIDE AVENUE</AddressLine1>
          <City>RED BANK</City>
          <State>NJ</State>
          <ZIPCode>07701</ZIPCode>
        </AddressUS>
        <EIN>204111730</EIN>
        <PrimaryActivities>HEALTH SVCS.</PrimaryActivities>
        <LegalDomicileState>NJ</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>509(a)(2)</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>SPRINGPOINT</BusinessNameLine1>
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        <ControlledOrg>true</ControlledOrg>
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      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>SENIOR LIVING INSTITUTE INC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>13 ROSZEL ROAD SUITE C120</AddressLine1>
          <City>PRINCETON</City>
          <State>NJ</State>
          <ZIPCode>08540</ZIPCode>
        </AddressUS>
        <EIN>204301044</EIN>
        <PrimaryActivities>HEALTH SVCS.</PrimaryActivities>
        <LegalDomicileState>NJ</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>509(a)(2)</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>SPRINGPOINT</BusinessNameLine1>
        </DirectControllingEntityName>
        <ControlledOrg>true</ControlledOrg>
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      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>SPRINGPOINT AT MEADOW LAKES INC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>300 MEADOW LAKES</AddressLine1>
          <City>HIGHTSTOWN</City>
          <State>NJ</State>
          <ZIPCode>08520</ZIPCode>
        </AddressUS>
        <EIN>210643358</EIN>
        <PrimaryActivities>HEALTH SVCS.</PrimaryActivities>
        <LegalDomicileState>NJ</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>509(a)(2)</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>SPRINGPOINT</BusinessNameLine1>
        </DirectControllingEntityName>
        <ControlledOrg>true</ControlledOrg>
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      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>SPRINGPOINT AT HADDONFIELD INC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>132 WARRICK ROAD</AddressLine1>
          <City>HADDONFIELD</City>
          <State>NJ</State>
          <ZIPCode>08033</ZIPCode>
        </AddressUS>
        <EIN>222255288</EIN>
        <PrimaryActivities>HEALTH SVCS.</PrimaryActivities>
        <LegalDomicileState>NJ</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>509(a)(2)</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>SPRINGPOINT</BusinessNameLine1>
        </DirectControllingEntityName>
        <ControlledOrg>true</ControlledOrg>
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      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>PRESBYTERIAN HOME OF PLAINFIELD INC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>601 WEST 7TH STREET</AddressLine1>
          <City>PLAINFIELD</City>
          <State>NJ</State>
          <ZIPCode>07060</ZIPCode>
        </AddressUS>
        <EIN>222266022</EIN>
        <PrimaryActivities>HEALTH SVCS.</PrimaryActivities>
        <LegalDomicileState>NJ</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>509(a)(2)</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>SPRINGPOINT</BusinessNameLine1>
        </DirectControllingEntityName>
        <ControlledOrg>true</ControlledOrg>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>PRESBYTERIAN HOMES OF NORTHERN NJ INC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>40-44 NOORWOOD AVENUE</AddressLine1>
          <City>PLAINFIELD</City>
          <State>NJ</State>
          <ZIPCode>07060</ZIPCode>
        </AddressUS>
        <EIN>222374845</EIN>
        <PrimaryActivities>INACTIVE</PrimaryActivities>
        <LegalDomicileState>NJ</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>509(a)(2)</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>SPRINGPOINT</BusinessNameLine1>
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        <ControlledOrg>true</ControlledOrg>
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      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>SPRINGPOINT FOUNDATION INC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>13 ROSZEL ROAD SUITE C120</AddressLine1>
          <City>PRINCETON</City>
          <State>NJ</State>
          <ZIPCode>08540</ZIPCode>
        </AddressUS>
        <EIN>222375658</EIN>
        <PrimaryActivities>HEALTH SVCS.</PrimaryActivities>
        <LegalDomicileState>NJ</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>509(a)(2)</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>SPRINGPOINT</BusinessNameLine1>
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        <ControlledOrg>true</ControlledOrg>
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      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>SPRINGPOINT AT MONROE INC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>1 DAVID BRAINERD DRIVE</AddressLine1>
          <City>JAMESBURG</City>
          <State>NJ</State>
          <ZIPCode>08831</ZIPCode>
        </AddressUS>
        <EIN>222567703</EIN>
        <PrimaryActivities>HEALTH SVCS.</PrimaryActivities>
        <LegalDomicileState>NJ</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>509(a)(2)</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>SPRINGPOINT</BusinessNameLine1>
        </DirectControllingEntityName>
        <ControlledOrg>true</ControlledOrg>
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      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>PRESBYTERIAN HOME AT WEST WINDSOR INC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>996 ALEXANDER ROAD</AddressLine1>
          <City>PRINCETON JUNCTION</City>
          <State>NJ</State>
          <ZIPCode>08550</ZIPCode>
        </AddressUS>
        <EIN>222630096</EIN>
        <PrimaryActivities>HEALTH SVCS.</PrimaryActivities>
        <LegalDomicileState>NJ</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>509(a)(2)</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>SPRINGPOINT</BusinessNameLine1>
        </DirectControllingEntityName>
        <ControlledOrg>true</ControlledOrg>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>PRESBYTERIAN HOME AT HOWELL INC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>720 ROUTE 9 SOUTH</AddressLine1>
          <City>FREEHOLD</City>
          <State>NJ</State>
          <ZIPCode>07728</ZIPCode>
        </AddressUS>
        <EIN>223338957</EIN>
        <PrimaryActivities>HEALTH SVCS.</PrimaryActivities>
        <LegalDomicileState>NJ</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>509(a)(2)</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>SPRINGPOINT</BusinessNameLine1>
        </DirectControllingEntityName>
        <ControlledOrg>true</ControlledOrg>
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      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>PRESBYTERIAN HOME AT EAST WINDSOR INC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>20 LANNING BOULEVARD</AddressLine1>
          <City>EAST WINDSOR</City>
          <State>NJ</State>
          <ZIPCode>08520</ZIPCode>
        </AddressUS>
        <EIN>223410945</EIN>
        <PrimaryActivities>HEALTH SVCS.</PrimaryActivities>
        <LegalDomicileState>NJ</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>509(a)(2)</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>SPRINGPOINT</BusinessNameLine1>
        </DirectControllingEntityName>
        <ControlledOrg>true</ControlledOrg>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>PRESBYTERIAN HOME AT FRANKLIN INC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>1 BOB FRANKS WAY</AddressLine1>
          <City>SOMERSET</City>
          <State>NJ</State>
          <ZIPCode>08873</ZIPCode>
        </AddressUS>
        <EIN>223598076</EIN>
        <PrimaryActivities>HEALTH SVCS.</PrimaryActivities>
        <LegalDomicileState>NJ</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>509(a)(2)</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>SPRINGPOINT</BusinessNameLine1>
        </DirectControllingEntityName>
        <ControlledOrg>true</ControlledOrg>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>SPRINGPOINT AT MONTGOMERY INC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>100 HOLLINSHEAD SPRING ROAD</AddressLine1>
          <City>SKILLMAN</City>
          <State>NJ</State>
          <ZIPCode>08558</ZIPCode>
        </AddressUS>
        <EIN>223693840</EIN>
        <PrimaryActivities>HEALTH SVCS.</PrimaryActivities>
        <LegalDomicileState>NJ</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>509(a)(2)</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>SPRINGPOINT</BusinessNameLine1>
        </DirectControllingEntityName>
        <ControlledOrg>true</ControlledOrg>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>PRESBYTERIAN HOME AT STAFFORD INC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>312 EAST BAY AVENUE</AddressLine1>
          <City>MANAHAWKIN</City>
          <State>NJ</State>
          <ZIPCode>08050</ZIPCode>
        </AddressUS>
        <EIN>223707435</EIN>
        <PrimaryActivities>HEALTH SVCS.</PrimaryActivities>
        <LegalDomicileState>NJ</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>509(a)(2)</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>SPRINGPOINT</BusinessNameLine1>
        </DirectControllingEntityName>
        <ControlledOrg>true</ControlledOrg>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>SPRINGPOINT AT WATERFORD GLEN INC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>2021 HIGHWAY 35</AddressLine1>
          <City>WALL</City>
          <State>NJ</State>
          <ZIPCode>07719</ZIPCode>
        </AddressUS>
        <EIN>223727577</EIN>
        <PrimaryActivities>HEALTH SVCS.</PrimaryActivities>
        <LegalDomicileState>NJ</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>509(a)(2)</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>SPRINGPOINT</BusinessNameLine1>
        </DirectControllingEntityName>
        <ControlledOrg>true</ControlledOrg>
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      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>SPRINGPOINT AT WATCHUNG RIDGE INC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>680 MOUNTAIN BOULEVARD</AddressLine1>
          <City>WATCHUNG</City>
          <State>NJ</State>
          <ZIPCode>07060</ZIPCode>
        </AddressUS>
        <EIN>223757374</EIN>
        <PrimaryActivities>HEALTH SVCS.</PrimaryActivities>
        <LegalDomicileState>NJ</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>509(a)(2)</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>SPRINGPOINT</BusinessNameLine1>
        </DirectControllingEntityName>
        <ControlledOrg>true</ControlledOrg>
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      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>SPRINGPOINT AT STONY BROOK INC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>143 W FRANKLIN AVENUE</AddressLine1>
          <City>PENNINGTON</City>
          <State>NJ</State>
          <ZIPCode>08534</ZIPCode>
        </AddressUS>
        <EIN>223757377</EIN>
        <PrimaryActivities>HEALTH SVCS.</PrimaryActivities>
        <LegalDomicileState>NJ</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>509(a)(2)</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>SPRINGPOINT</BusinessNameLine1>
        </DirectControllingEntityName>
        <ControlledOrg>true</ControlledOrg>
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      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>INTEGRATED MANAGEMENT SERVICES INC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>13 ROSZEL ROAD SUITE C120</AddressLine1>
          <City>PRINCETON</City>
          <State>NJ</State>
          <ZIPCode>08540</ZIPCode>
        </AddressUS>
        <EIN>223800002</EIN>
        <PrimaryActivities>HEALTH SVCS.</PrimaryActivities>
        <LegalDomicileState>NJ</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>509(a)(2)</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>SPRINGPOINT</BusinessNameLine1>
        </DirectControllingEntityName>
        <ControlledOrg>true</ControlledOrg>
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      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>PRESBYTERIAN HOME OF ASBURY PARK INC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>1701 OCEAN AVENUE</AddressLine1>
          <City>ASBURY PARK</City>
          <State>NJ</State>
          <ZIPCode>07712</ZIPCode>
        </AddressUS>
        <EIN>237212229</EIN>
        <PrimaryActivities>HEALTH SVCS.</PrimaryActivities>
        <LegalDomicileState>NJ</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>509(a)(2)</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>SPRINGPOINT</BusinessNameLine1>
        </DirectControllingEntityName>
        <ControlledOrg>true</ControlledOrg>
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      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>PRESBYTERIAN HOME AT MANCHESTER INC</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>3204 HILLTOP ROAD</AddressLine1>
          <City>WHITING</City>
          <State>NJ</State>
          <ZIPCode>08759</ZIPCode>
        </AddressUS>
        <EIN>261746122</EIN>
        <PrimaryActivities>HEALTH SVCS.</PrimaryActivities>
        <LegalDomicileState>NJ</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>509(a)(2)</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>SPRINGPOINT</BusinessNameLine1>
        </DirectControllingEntityName>
        <ControlledOrg>true</ControlledOrg>
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      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>SPRINGPOINT AT CRESTWOOD INC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>50 LACEY ROAD</AddressLine1>
          <City>WHITING</City>
          <State>NJ</State>
          <ZIPCode>08759</ZIPCode>
        </AddressUS>
        <EIN>521572691</EIN>
        <PrimaryActivities>HEALTH SVCS.</PrimaryActivities>
        <LegalDomicileState>NJ</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>509(a)(2)</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>SPRINGPOINT</BusinessNameLine1>
        </DirectControllingEntityName>
        <ControlledOrg>true</ControlledOrg>
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      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>PRESBYTERIAN HOME AT WALL INC</BusinessNameLine1>
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          <BusinessNameLine1>SPRINGPOINT AT WATCHUNG RIDGE INC</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>K</TransactionType>
        <AmountInvolved>288968</AmountInvolved>
        <MethodOfAmtDetermination>COST</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>SPRINGPOINT AT WATCHUNG RIDGE INC</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>N</TransactionType>
        <AmountInvolved>333409</AmountInvolved>
        <MethodOfAmtDetermination>COST</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>SPRINGPOINT AT WATCHUNG RIDGE INC</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>P</TransactionType>
        <AmountInvolved>498401</AmountInvolved>
        <MethodOfAmtDetermination>COST</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>MIDDLESEX BORO SENIOR CITIZEN HOUSING CORP</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>K</TransactionType>
        <AmountInvolved>56347</AmountInvolved>
        <MethodOfAmtDetermination>COST</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>MIDDLESEX BORO SENIOR CITIZEN HOUSING CORP</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>P</TransactionType>
        <AmountInvolved>91752</AmountInvolved>
        <MethodOfAmtDetermination>COST</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>SPRINGPOINT AT WATERFORD GLEN INC</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>K</TransactionType>
        <AmountInvolved>389266</AmountInvolved>
        <MethodOfAmtDetermination>COST</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>SPRINGPOINT AT WATERFORD GLEN INC</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>N</TransactionType>
        <AmountInvolved>415487</AmountInvolved>
        <MethodOfAmtDetermination>COST</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>SPRINGPOINT AT WATERFORD GLEN INC</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>P</TransactionType>
        <AmountInvolved>710001</AmountInvolved>
        <MethodOfAmtDetermination>COST</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>PRESBYTERIAN HOME AT WEST WINDSOR INC</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>K</TransactionType>
        <AmountInvolved>52416</AmountInvolved>
        <MethodOfAmtDetermination>COST</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>PRESBYTERIAN HOME AT WEST WINDSOR INC</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>P</TransactionType>
        <AmountInvolved>115422</AmountInvolved>
        <MethodOfAmtDetermination>COST</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>PRESBYTERIAN HOME AT EAST WINDSOR INC</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>K</TransactionType>
        <AmountInvolved>52779</AmountInvolved>
        <MethodOfAmtDetermination>COST</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>PRESBYTERIAN HOME AT EAST WINDSOR INC</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>P</TransactionType>
        <AmountInvolved>105542</AmountInvolved>
        <MethodOfAmtDetermination>COST</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
    </IRS990ScheduleR>
  </ReturnData>
</Return>