WELLSPRING INC

Louisville, KY | Jefferson County
CRA Category: Affordable Housing

CRA Overview

Affordable Housing
NTEE Code
Not Applicable
NTEE Category
-
NTEE Description
-
IRS Activity Codes
161
Scientific research (diseases)
123
Discussion groups, forums, panels lectures, etc.
NAICS Code
Not Available
NAICS Category
-
CDFI
No
NMTC Recipient
No
LIHTC Recipient
Yes
Last Awarded
1994
SBA SBIC
No
HUD Counseling Agency
No

CRA Programs & Services Overview

COVID-19 RESPONSE & RECOVERY EFFORTS

Affordable Housing
Supportive Housing
Louisville, KY

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.

IRS Information

Organization Type
Corporation
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)
Affiliation Classification
Independent Organization
Ruling Date
1981-11
Deductibility Status
Deductible
Organization Tax Filing Status
990 (all other) or 990EZ return
Foundation Tax Filing Status
990-PF not required by IRS
Last Year Taxes Filed
2018

Nonprofit Location

225 W BRECKINRIDGE ST
Louisville, KY 40203
Jefferson County
31140
MSA/CBSA
21
State
111
County
0050.00
Tract
Low
Income Level
MSA/CBSA Title
Louisville/Jefferson County, KY-IN
Metro or Micro
Metropolitan Statistical Area
Metropolitan Division Title
-
CSA Title
Louisville/Jefferson County--Elizabethtown--Bardstown, KY-IN
LMI Census Tract
Yes
Underserved Area
No
Distressed Area
No
Poverty
Unemployment
Population Loss
Opportunity Zone
Yes
Majority Minority Census Tract
Yes
53.47%

Geography Demographics | Census Tract 0050.00

Total Persons
1,816
Total Households
1,066
Median Age
48
Total Minority
971
Total Seniors (65+)
631
2010 MSA Median Family
$64,965
2019 Est. MSA MFI from Census
$70,800
2019 Est. MSA MFI from FFIEC
$70,800
2010 Tract Median Family
$23,245
Tract Income %
35.78%
Self-Employed Households
71
Unemployed %
12.61%
Below Poverty %
28.53%
Households with Public Assistance
50
Total Housing Units
1,253
Median Home Age (Years)
57
1-4 Family Housing Units
332
Multi-Family Housing Units
921
Owner-Occupied Units
90
Renter-Occupied Units
976
Vacant Units
187