WELLSPRING INC
Louisville, KY | Jefferson County
Community Services
Overview
WELLSPRING INC
31-1020023
225 W BRECKINRIDGE ST
Louisville, KY 40203
Jefferson County
Louisville, KY 40203
Jefferson County
(502) 637-4361
info@wellspringky.org
Mission Statement
WELLSPRING LEADS OUR COMMUNITY IN DEVELOPING HOUSING, PROVIDING EVIDENCE-BASED TREATMENT AND STRENGTHENING RECOVERY FOR ADULTS WITH MENTAL ILLNESS.
CRA Category
- Community Services
Nonprofit location
- Majority Minority Census Tract
- Opportunity Zone
Awards & Certifications
- LIHTC Recipient
Founded
1981
Total Employees
115
Total Volunteers
175
Nonprofit Classification (NTEE Code)
-
Not reported
IRS Activity Codes
161
Scientific research (diseases)
123
Discussion groups, forums, panels lectures, etc.
-
Not reported
Standard Business Classification (NAICS Code)
-
Not reported
Targeted Clients
- Disabled
- Economically Disadvantaged
- Families
- General Public
- Homeless
- Underbanked or Unbanked
CRA Income Characteristics
- HUD Assistance Recipients
- Low-Income
- Medicaid Recipients
- People Living Below Poverty Level
- SSI Recipients
CRA Alignment
CRA Category
Community Services
Social services and other support for low- and moderate-income, homeless or at-risk individuals.
99%
Percent LMI Served
as reported by the nonprofit
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and
then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
LOWHIGH
LOWHIGH
LOWHIGH
LOWHIGH
Programs & Services
Affordable Housing
Wellspring combines affordable housing with the support services needed to achieve stability following a period of homelessness, hospitalization, or incarceration for adults with mental illness. We believe individuals should be able to live independently in their home community with access to neighborhood amenities like grocery stores, parks, access to public transportation and medical care. Wellspring owns several Affordable Housing properties throughout Metro Louisville where adults with mental illness live and find their personal path to recovery.
Targeted Clients
- Disabled
- Domestic Violence Victims
- Economically Disadvantaged
- Families
- General Public
- Homeless
- LGBTQ Individuals
- Men
- People in Recovery
- Women
CRA Income Characteristics
- Low-Income
- People Living Below Poverty Level
- HUD Assistance Recipients
- Medicaid Recipients
- SSI Recipients
Crisis Stabilization Units
Wellspring's CSUs assist adults who are experiencing an acute psychiatric episode. With our 24/7 care, we help people avoid hospitalization, achieve stabilization, and recover from acute mental health symptoms such as severe depression, mania, or psychosis. Clients receive intensive treatment, close monitoring with high levels of staff support, and medications prescribed by a psychiatrist, if necessary, in a homelike setting. The program is a licensed, accredited crisis stabilization offering the only services of their kind in the Louisville Metro region. The Crisis Stabilization Program is the only Wellspring program that does not require a serious mental illness diagnosis.
Targeted Clients
- Disabled
- Domestic Violence Victims
- Economically Disadvantaged
- General Public
- Homeless
- LGBTQ Individuals
- Men
- Minority Individuals
- People in Recovery
- Women
CRA Income Characteristics
- Low-Income
- Moderate-Income
- People Living Below Poverty Level
- Medicaid Recipients
Awards & Certifications
Community Development Financial Institution
Community Development Financial Institution Award Recipient
New Market Tax Credit Recipient
HUD Counseling Agency
Low Income Housing Tax Credit Recipient
Most Recent LIHTC Project
YOUNGLAND APARTMENTS
Amount
Not reported
Project Year
1994
Allocation Year
1992
Total Units
5
Low-Income Units
5
Currently Monitored
Not reported
Construction Type
Acquisition and Rehab
Property Characteristics
- Nonprofit Sponsor
- Scattered Site Property
Special Programs & Financing
- None reported
Targeted Population
- None reported
IRS Summary
Income
$9M
Revenue
$7.9M
Assets
$7.8M
IRS Business Master File Details
As of March 2025
Exempt Ruling Date
1981-11
Deductibility Status
Deductible
Last Tax Filing
2023
Organization Type
Corporation
Organization Tax Filing Status
990 (all other) or 990EZ return
Foundation Tax Filing Status
990-PF not required by IRS
Affiliation Classification
Independent Organization
Basis for Foundation/Public Charity Status
Organization normally receives no more than one-third of support from gross investment and unrelated business income and at same time more than one-third of its support from contributions, fees and gross receipts related to exempt purposes 509(a)(2)
IRS Publication 78 Details
As of March 2025
Verified in Publication 78
Yes
Deductibility Limitation
50% (60% for cash contributions)
Organization Description
A public charity
IRS Form 990 Returns
Through December 2024
Tax period ending in
2016-06
Nonprofit Location
Main Address
225 W BRECKINRIDGE ST
Louisville, KY 40203
Jefferson County
Louisville, KY 40203
Jefferson County
Area Type
Metropolitan Statistical Area
FIPS Geocoded Address
31140
MSA/MD
21
State
111
County
0050.00
Tract
Unknown
Income Level
Core-Based Statistical Area
31140 - Louisville/Jefferson County, KY-IN
Combined Statistical Area
350 - Louisville/Jefferson County--Elizabethtown, KY-IN
Metropolitan Division
Not located in an MD.
Located In
Low- or Moderate-Income Census Tract
Opportunity Zone
Majority Minority Census Tract
63.23%
FFIEC Distressed Census Tract
FFIEC Underserved Census Tract
Geographies Served
- KY - Jefferson County
- KY - Shelby County
Market Data
| Census Tract | County | |
|---|---|---|
| 0050.00 | Jefferson County | |
| Population | ||
| Total Population | 1,754 | 777,392 |
| Total Households | 1,071 | 329,392 |
| Income | ||
| Median Income* | $0 | $67,849 |
| Median Family Income (2024 FFIEC est.) | $92,600 | $89,300 |
| Tract Income Percentage | 0% | N/A |
| Below Poverty Level | 47.2% | 14.5% |
| Unemployment Level | 14.1% | 4.8% |
| Housing | ||
| Total Housing Units | 1,291 | 357,923 |
| Total Owner-Occupied Units | 4.6% | 61.8% |
| Total Renter-Occupied Units | 78.4% | 38.2% |
| Total Vacant Units | 17.0% | 7% |
* Census Tract Median Income based on 2020 Tract Median Family Income as reported in the 2024 FFIEC Census Flat File. County Income based on Median Household Income as reported in the 2023 American Community Survey.
Management
17
Total Voting Members
in Governing Body
in Governing Body
17
Independent Voting Members
in Governing Body
in Governing Body
Tax Filing Signatory
Katharine R Dobbins
(502) 637-4361
(502) 637-4361
Principal Officer
Katharine R Dobbins
findCRA Profile Owner
Kimberly Johnson
Development Director
kim.johnson@wellspringky.org
Development Director
kim.johnson@wellspringky.org
Key Policies & Documents
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
Organization Activities
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations
Information in this section is extracted from the nonprofit's e-filed tax return and based on answers provided by the nonprofit in their 990 e-filed for the tax period ending on 2022-06.
A hyphen (“-“) in this section indicates that the information was not required by the IRS or not reported by the nonprofit in its tax return e-filing.
This Nonprofit Profile was created using data available from publicly available government and industry sources, our own research, and information provided directly the nonprofit organization. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit help.findcra.com.
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