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