Wellsprings Village Inc
- Assets
- $1.8m
- Revenue
- $487.5k
- Investments
- $0.0
- Employees
- 13
- Location
- Houston, TX
- Founding
- 09/1988
- Data as of
- 12/2022
- EIN
- 76-0251130
Organization Overview
Wellsprings Village Inc is located in Houston, TX. The organization was established in 1988. According to its NTEE Classification (P85) the organization is classified as: Homeless Centers, under the broad grouping of Human Services and related organizations. As of 12/2022, Wellsprings Village Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellsprings Village Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Wellsprings Village Inc generated $487.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $502.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WELLSPRINGS PROVIDES A SAFE, NURTURING ENVIRONMENT FOR WOMEN WHO WERE HOMELESS OR ABUSED, HELPING THEM TO BECOME INDEPENDENT CONTRIBUTING MEMBERS OF OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOMELESS ASSISTANCE:PROVIDES TRANSITIONAL RESIDENCE, JOB-TRAINING AND COUNSELING FOR HOMELESS, EMPLOYMENT-AGED WOMEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carole Updyke President | OfficerTrustee | 4 | $0 |
Virginia Kazmierczak Vp/secretary | OfficerTrustee | 4 | $0 |
William Rice Treasurer | OfficerTrustee | 4 | $0 |
Charles Carmouche Member | Trustee | 4 | $0 |
Mary Ann Geist Member | Trustee | 4 | $0 |
Mark Janik Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $137,070 |
| Related organizations | $0 |
| Government grants | $60,846 |
| All other contributions, gifts, grants, and similar amounts not included above | $318,206 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $516,122 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$28,650 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $487,472 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $64,302 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $70,000 |
| Compensation of current officers, directors, key employees. | $7,932 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $177,797 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,630 |
| Payroll taxes | $20,685 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,009 |
| Advertising and promotion | $2,862 |
| Office expenses | $16,615 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,311 |
| Travel | $97 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,702 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,818 |
| Insurance | $14,450 |
| All other expenses | $33,833 |
| Total functional expenses | $502,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,401 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $40,423 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $595 |
| Net Land, buildings, and equipment | $1,627,279 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,777,698 |
| Accounts payable and accrued expenses | $18,065 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $159,420 |
| Total liabilities | $177,485 |
| Net assets without donor restrictions | $1,578,813 |
| Net assets with donor restrictions | $21,400 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,777,698 |