WELLSPRING INC

Louisville, KY | Jefferson County
Community Services

Overview

WELLSPRING INC
31-1020023
225 W BRECKINRIDGE ST
Louisville, KY 40203
Jefferson County
(502) 637-4490

info@wellspringky.org
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
  • LMI Census Tract
  • Majority Minority Census Tract
  • Opportunity Zone
Awards & Certifications info
  • LIHTC Recipient
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
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
    This nonprofit has claimed its profile but has not yet provided this information.

CRA Alignment

CRA Category info
Community Services
Social services and other support for low- and moderate-income, homeless or at-risk individuals.
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.
Programs & Services info
COVID-19 RESPONSE & RECOVERY EFFORTS
Providing supportive housing and related services to current and new clients during the COVID-19 pandemic. Also operating a Crisis Stabilization Unit, telehealth, and virtual counseling sessions.
Targeted Clients info

    Not reported

CRA Income Characteristics info

    Not reported

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
$5.5M
Revenue
$5.5M
Assets
$3.9M
Exempt Ruling Date info
1981-11
Deductibility Status info
Deductible
Last Tax Filing info
2020
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
States Where Tax Return is Filed info
KY
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)

Nonprofit Location

Physical Address info
225 W BRECKINRIDGE ST
Louisville, KY 40203
Jefferson County
FIPS Geocoded Address info
31140
MSA/CBSA info
21
State info
111
County info
0050.00
Tract info
Low
Income Level info
Core-Based Statistical Area info
Louisville/Jefferson County, KY-IN
Combined Statistical Area info
Louisville/Jefferson County--Elizabethtown--Bardstown, KY-IN
Metropolitan Division info
Not located in an MD.
Area Type info
Metropolitan Statistical Area
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 53.47%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info
Geographies Served info

Not reported by nonprofit


This nonprofit has claimed its profile but has not yet provided this information.

Market Data

Census Tract County
0050.00 Jefferson County
Population
Total Population 1,816 768,419
Total Households 1,066 316,411
Income
Median Family Income (Census*) $23,245 $58,196
Median Family Income (2019 FFIEC) $70,800 N/A
Tract Income Percentage 35.78% N/A
Below Poverty Level 28.5% 13.7%
Unemployment Level 12.6% 5.3%
Housing
Total Housing Units 1,253 347,172
Total Owner-Occupied Units 7.2% 61.5%
Total Renter-Occupied Units 77.9% 38.5%
Total Vacant Units 14.9% 7.5%
* Census tract income based on 2019 Census estimated data; County income based on 2020 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

15
Total Voting Members
in Governing Body
info
15
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Katharine R Dobbins
CEO
(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 Wistleblower 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
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax 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 www.learncra.com.