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Wellspring House Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 042735048 ✦ Gloucester, MA ✦ Designated as a 501(c)(3)

Overview

What is Wellspring House Inc?

Wellspring House Inc, situated in Gloucester, Massachusetts, is a nonprofit organization dedicated to supporting families and individuals who are at risk of or currently experiencing homelessness. Through its shelter program and case management services, Wellspring House provides a safe space and assistance to families who find market-rate rents unaffordable. The organization's mission goes beyond shelter, aiming to inspire its clients to attain employment and financial stability. This is achieved through education, job training, and career readiness programs. With a team of 46 dedicated individuals, Wellspring House on the North Shore is committed to empowering families and adults to achieve a more secure future.


Official website here: www.wellspringhouse.org

Is Wellspring House Inc legitimate?

Wellspring House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wellspring House Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $118,046
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,553,596

For more financial information, click here


Official website here: www.wellspringhouse.org

What is the mission statement of Wellspring House Inc?

Wellspring House Inc's mission is centered around inspiring families and adults towards financial stability and employment. They achieve this goal through a variety of means, including providing stable housing, education, job training, and career readiness programs. The organization aims to help individuals who are struggling financially, often due to high market rate rents that exceed their means, by offering shelter and homelessness prevention assistance. Wellspring House Inc's mission is to empower these individuals, enabling them to secure employment and improve their financial situation.


Official website here: www.wellspringhouse.org

Who is the CEO of Wellspring House Inc?

Pete Michaels is the Treasurer of Wellspring House Inc.


Official website here: www.wellspringhouse.org

What is the revenue of Wellspring House Inc?

Wellspring House Inc's revenue in 2023 was $2,987,734.


Official website here: www.wellspringhouse.org

Who are the executives of Wellspring House Inc and what are their salaries?

The average compensation at Wellspring House Inc during 2023 was $36,340. There are 46 employees and 46 volunteers at Wellspring House Inc.

Here are 22 key members and their salaries:

    Melissa A Dimond (President And Executive Director)
  • Compensation: $116,106
  • Related: $0
  • Other: $1,940

    • Rosemary Costello (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karim Benali (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Julia Frost (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patricia Fae Ho (Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michelle Langille (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steve Cohen (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gonzalo Verdugo (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Shelia Dykstra (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pete Michaels (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nicole Twomey (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anthony Barbuto (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Leo Zerilli (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ingrid Mitchell (Clerk) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Amy Kingman (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cathy Bilotta (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bonnie Fendrock (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Purvi Harley (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bernadette Orr (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jenny Perkin (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joan Quinlan (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jennifer Warry (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.wellspringhouse.org

    Where can I find the form 990 for Wellspring House Inc?

    The Wellspring House Inc’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.wellspringhouse.org

    Learn more at the official website: www.wellspringhouse.org

    Mission Statement of Wellspring House Inc

    Wellspring House Inc, a nonprofit organization, inspires families and adults on the North Shore to attain employment and financial stability. They achieve this goal by providing stable housing, education, job training, and career readiness. The mission of Wellspring House Inc is to empower these individuals, enabling them to overcome challenges and secure their financial future.

    Wellspring House Inc offers a shelter program and related case management services for homeless families or those at risk of becoming homeless. Families require these services because market-rate rents exceed their means. By offering shelter and homelessness prevention assistance, Wellspring House Inc helps families maintain their housing stability and avoid the hardships associated with homelessness. The organization's mission is a testament to its commitment to supporting families and adults in need, providing them with the tools and resources necessary to achieve long-term financial security.

    Impact

    This information is meant to be a general summary of Wellspring House Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Wellspring House Inc's impact can be seen in how it inspires families and adults on the North Shore to achieve employment and financial security through stable housing, education, job training, and career readiness. The organization provides a family shelter and homelessness prevention program that offers shelter and case management services for homeless families or those at serious risk of homelessness. By addressing the critical need for affordable housing and offering support services, Wellspring House Inc plays a vital role in helping families on the North Shore secure stability and work towards a brighter future.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $99,535
  • Program Service Revenue: $1,443,983
  • Gross Receipts: $3,452,745

    • Assets and Liabilities:
  • Total Assets: $3,410,540
  • Total Liabilities: $371,138
  • Net Assets: $3,039,402
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL INCOME

    Revenue

    $137,730

    CONTRACTED SERVICES

    Revenue

    $129,834

    GOVERNMENT AGENCIES

    Revenue

    $1,176,419

    Organization Details

    Founding Year

    1981

    Principal Officer

    Pete Michaels

    Main Address

    302 ESSEX AVENUE, GLOUCESTER, MA, 019302351

    NTEE Category

    Code: P430 - Human services

    If you are a representative of Wellspring House Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.