Human Services : Homeless Services

Wellspring House

The journey out of poverty includes homes, jobs, education. 'Love' is an action word.

three stars

85.37

302 Essex Avenue Gloucester, MA 01930
tel: (978) 281-3558   Web Site
EIN: 04-2735048

Board Leadership
Rosemary Costello
Chair

CEO
Melissa Dimond
President & CEO

  Score
(out of 100)
Rating
Overall Score & Rating 85.37 three stars
  Financial 82.48 three stars
  Accountability & Transparency 89.00 three stars
This rating was published 04/01/2020 and includes data from FY2019, the most recent 990 received at that time.

Founded in 1981, Wellspring House empowers individuals and families to live more secure lives through basic needs assistance, education and job training. Our basic needs assistance program provides emergency shelter for families, housing search assistance for families living in motels, emergency homeless prevention funding and guidance, assistance for recently homeless families, permanent homes for 11 low-income people at our lodging house, and advocacy for affordable housing and issues related to homelessness. Wellspring House also offers education and job training opportunities through curriculums that are designed to make sure that adult students can access information in different learning styles, and respectful of the adult learner.

Founded in 1981, Wellspring House empowers individuals and families to live more secure lives through basic needs assistance, education and job training. Our basic needs assistance program provides emergency shelter for families, housing search assistance for families living in motels, emergency homeless prevention funding and guidance, assistance for recently homeless families, permanent homes for 11 low-income people at our lodging house, and advocacy for affordable housing and issues related to homelessness. Wellspring House also offers education and job training opportunities through curriculums that are designed to make sure that adult students can access information in different learning styles, and respectful of the adult learner.

Impact Information

This charity has reported a measure of cost-effectiveness: how much impact (per dollar) your donation will have on the charity's social outcome. The cost-effectiveness calculation was performed using protocols developed by ImpactMatters, an independent auditor of philanthropic impact.

For nonprofits that run multiple programs, we highlight the impact of one program below.  Learn More about Impact Information.
Program Name: Wellspring House
Program Activities
Wellspring House provides people experiencing homelessness with a temporary place to stay.
Impact Statement
$430 provides a night of shelter for a person experiencing homelessness.
Impact Assessment
3/5
Assessment Benchmark
Impact assessments of emergency shelters are based on the cost of providing a night of shelter relative to the Fair Market Rent in that county. Programs receive a 5/5 assessment if they are less than 200% the cost of a meal and a 4/5 assessment if they are less than 400%. If a nonprofit reports impact but doesn't meet the threshold for cost-effectiveness, it earns a 3/5 assessment.
Methodology
ImpactMatters analyzed publicly available data to rate the cost-effectiveness of Wellspring House.
Data Source
We look for self-reported shelter nights. If we cannot find this information we estimate it using HIC data.
Method for Attributing Outcomes
We assume that the provision of shelter by one nonprofit does not diminish the provision of shelter by any other (neighboring) nonprofit. We also assume there is, in general, no slack capacity in the homeless shelter system. In the absence of a given shelter, beneficiaries would not be able to stay at another shelter because other shelters are assumed to have no beds to spare. We therefore set the counterfactual to zero.
Details
Analysis conducted by ImpactMatters and published on November 22, 2019.
This impact information is current as of June 2020, when it was provided to us by ImpactMatters. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

three stars

82.48

Accountability & Transparency

three stars

89.00

This rating was published 04/01/2020 and includes data from FY2019, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
75.8%
  Administrative Expenses 10.9%
  Fundraising Expenses 13.2%
  Fundraising Efficiency $0.15
  Working Capital Ratio (years) 1.11
  Program Expenses Growth 2.6%
  Liabilities to Assets 10.7%
All data for Financial Performance Metrics calculations was provided by Wellspring House on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Wellspring House on recent 990s filed with the IRS.
REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,323,242
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $683,417
Total Contributions $2,006,659
   Program Service Revenue $215,952
Total Primary Revenue $2,222,611
   Other Revenue $234,369
TOTAL REVENUE $2,456,980
   
EXPENSES  
   Program Expenses $1,721,849
   Administrative Expenses $263,454
   Fundraising Expenses $349,089
TOTAL FUNCTIONAL EXPENSES $2,334,392
   
Payments to Affiliates $0
Excess (or Deficit) for the year $122,588
   
Net Assets $2,676,061

Charts

Compensation % of Expenses Paid to Title
$112,720 4.82% Melissa Dimond President, Executive Director

Mission

Founded in 1981, Wellspring House empowers individuals and families to live more secure lives through basic needs assistance, education and job training. Our basic needs assistance program provides emergency shelter for families, housing search assistance for families living in motels, emergency homeless prevention funding and guidance, assistance for recently homeless families, permanent homes for 11 low-income people at our lodging house, and advocacy for affordable housing and issues related to homelessness. Wellspring House also offers education and job training opportunities through curriculums that are designed to make sure that adult students can access information in different learning styles, and respectful of the adult learner.

Highly Rated

Charity Name & State Overall Score Overall Rating
Wellspring House (MA) 85.37 three stars
The Midnight Mission (CA) 95.38 four stars
Adopt-A-Family (FL) 95.55 four stars
The Homeless Families Foundation (OH) 94.43 four stars
Cross Roads House (NH) 90.75 four stars

Compare These Charities (Highly Rated)

Charity Contact Info

Wellspring House
302 Essex Avenue
Gloucester, MA 01930
tel: (978) 281-3558
EIN: 04-2735048

Visit Web Site

Board Leadership

Rosemary Costello
Chair

CEO

Melissa Dimond
President & CEO