Wellspring Communities Inc
- Assets
- $490.0k
- Revenue
- $513.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Westminster, CO
- Founding
- 06/2000
- Data as of
- 12/2021
- EIN
- 31-1702016
Organization Overview
Wellspring Communities Inc is located in Westminster, CO. The organization was established in 2000. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellspring Communities 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 12/2021, Wellspring Communities Inc generated $513.1k in total revenue. All expenses for the organization totaled $85.8k during the year ending 12/2021. While expenses have increased by 72.5% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEARCHED FOR AND REVIEWED SEVERAL OPPORTUNITIES TO ACQUIRE AFFORDABLE HOUSING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan H Morse CEO And Director | 30 | $73,016 | |
Mrcella Morse Secretary And Director | 5 | $0 | |
Jeffrey Bagley Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $510,833 |
| Interest on Savings | $2,267 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $513,100 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $73,016 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,744 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $84,760 |
| Contributions, gifts, grants paid | $1,000 |
| Total expenses and disbursements | $85,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $489,981 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $489,981 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
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| Organization Name | Assets | Revenue |
|---|---|---|
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Mercy Housing South East Denver, CO | $32,176,710 | $9,687,514 |
Save The Family Foundation Of Arizona Mesa, AZ | $6,981,907 | $8,677,083 |
Pikes Peak Habitat For Humanity Inc Colorado Springs, CO | $13,774,284 | $6,271,945 |
Habitat For Humanity International Inc Fort Collins, CO | $6,791,081 | $6,218,115 |
Mercy Housing Calwest Denver, CO | -$18,791,913 | $14,657,764 |
Neighborhood Nonprofit Housing Corporation Logan, UT | $21,218,797 | $11,345,815 |
Habitat For Humanity International Inc Jackson, WY | $8,153,958 | $5,142,791 |