WELLSPRING INC

Louisville, KY | Jefferson County
Community Services
WELLSPRING INC
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As of , this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification:

Overview

WELLSPRING INC
31-1020023
225 W BRECKINRIDGE ST
Louisville, KY 40203
Jefferson County
(502) 637-4361

info@wellspringky.org
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Mission Statement info

WELLSPRING PROMOTES MENTAL HEALTH RECOVERY AND SUPPORTS INDIVIDUALS IN BUILDING HEALTHY AND HOPEFUL LIVES THROUGH BEHAVIORAL HEALTH, HOUSING AND EMPLOYMENT SERVICES.

CRA Category info
  • Community Services
Nonprofit location info
  • Majority Minority Census Tract
  • Opportunity Zone
Awards & Certifications info
  • LIHTC Recipient
Founded info
1981
Total Employees info
98
Total Volunteers info
175
Nonprofit Classification (NTEE Code) info
-

Not reported

IRS Activity Codes info
161
Scientific research (diseases)
123
Discussion groups, forums, panels lectures, etc.
-
Not reported
Standard Business Classification (NAICS Code) info
-
Not reported
Targeted Clients info
  • Disabled
  • Economically Disadvantaged
  • Families
  • General Public
  • Homeless
  • Underbanked or Unbanked
CRA Income Characteristics info
  • HUD Assistance Recipients
  • Low-Income
  • Medicaid Recipients
  • People Living Below Poverty Level
  • SSI Recipients

CRA Alignment

CRA Category info
Community Services
Social services and other support for low- and moderate-income, homeless or at-risk individuals.
99%
Percent LMI Served info
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 info
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 info
  • Disabled
  • Domestic Violence Victims
  • Economically Disadvantaged
  • Families
  • General Public
  • Homeless
  • LGBTQ Individuals
  • Men
  • People in Recovery
  • Women
CRA Income Characteristics info
  • 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 info
  • Disabled
  • Domestic Violence Victims
  • Economically Disadvantaged
  • General Public
  • Homeless
  • LGBTQ Individuals
  • Men
  • Minority Individuals
  • People in Recovery
  • Women
CRA Income Characteristics info
  • Low-Income
  • Moderate-Income
  • People Living Below Poverty Level
  • Medicaid Recipients
Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info
Most Recent LIHTC Project info
YOUNGLAND APARTMENTS

 
LOUISVILLE, KY
Amount info
Not reported
Project Year info
1994
Allocation Year info
1992
Total Units info
5
Low-Income Units info
5
Currently Monitored info
Not reported
Construction Type info
Acquisition and Rehab
Property Characteristics info
  • Nonprofit Sponsor
  • Scattered Site Property
Special Programs & Financing info
  • None reported
Targeted Population info
  • None reported

IRS Summary

Income
$7.9M
Revenue
$7.8M
Assets
$9M

IRS Business Master File Details info

As of December 2024
Exempt Ruling Date info
1981-11
Deductibility Status info
Deductible
Last Tax Filing info
2023
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
Basis for Foundation/Public Charity Status info
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 info

As of December 2024
Verified in Publication 78 info
Yes
Deductibility Limitation info
50% (60% for cash contributions)
Organization Description info
A public charity

IRS Form 990 Returns info

Through December 2024
Tax period ending in
2023-06
E-File
990
XML
990
Tax period ending in
2022-06
E-File
990
XML
990
Tax period ending in
2021-06
PDF
990
E-File
990
XML
990
Tax period ending in
2020-06
PDF
990
E-File
990
XML
990
Tax period ending in
2019-06
PDF
990
E-File
990
XML
990
Tax period ending in
2018-06
PDF
990
E-File
990
XML
990
Tax period ending in
2017-06
PDF
990
E-File
990
XML
990
Tax period ending in
2016-06
PDF
990

Nonprofit Location

Physical Address info
225 W BRECKINRIDGE ST
Louisville, KY 40203
Jefferson County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
31140
MSA/MD info
21
State info
111
County info
0050.00
Tract info
Unknown
Income Level info
Core-Based Statistical Area info
31140 - Louisville/Jefferson County, KY-IN
Combined Statistical Area info
350 - Louisville/Jefferson County--Elizabethtown, KY-IN
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 63.23%
FFIEC Distressed Census Tract info
FFIEC Underserved Census Tract info
Geographies Served info
  • KY - Jefferson County
  • KY - Shelby County

Market Data

Census Tract County
0050.00 Jefferson County
Population
Total Population 1,754 779,232
Total Households 1,071 327,211
Income
Median Income* $0 $66,296
Median Family Income (2024 FFIEC est.) $92,600 $92,600
Tract Income Percentage 0% N/A
Below Poverty Level 47.2% 14.1%
Unemployment Level 14.1% 5.1%
Housing
Total Housing Units 1,291 356,155
Total Owner-Occupied Units 4.6% 61.8%
Total Renter-Occupied Units 78.4% 38.2%
Total Vacant Units 17.0% 7.2%
* 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 2022 American Community Survey.
View more than 200 performance context data points for this county now.

Management

17
Total Voting Members
in Governing Body info
17
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
Katharine R Dobbins
(502) 637-4361
Principal Officer info
Katharine R Dobbins
findCRA Profile Owner
Kimberly Johnson
Development Director
kim.johnson@wellspringky.org
Key Policies & Documents info
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 info
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 info
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.