Totals
- Total revenue
- $408,392
- Total expenses
- $688,542
- Contributions and grants received
- $128,669
- Grants paid
- $0
- Program service revenue
- $271,252
- Investment income
- $869
- Other revenue
- $7,602
- Total assets, end of year
- $1,290,067
- Total liabilities, end of year
- $610,210
- Net assets or fund balances, end of year
- $679,857
- Program services expenses (Part IX)
- $410,152
- Management and general expenses
- $201,216
- Fundraising expenses
- $77,174
- Program service expenses (Part III)
- $410,152
Program services were 59.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$25,000
-
1f · All other contributions, gifts and grants
$103,669
-
1g · Noncash contributions included above
$10,055
-
2a · Program service revenue: RENTAL INCOME
total $271,252 · related or exempt $271,252
-
3 · Investment income
total $869 · excluded $869
-
11a · Other revenue: OTHER INCOME
total $7,602 · excluded $7,602
-
11e · Other revenue, total
$7,602
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $84,460 · program services $46,128 · management and general $12,994 · fundraising $25,338
-
7 · Other salaries and wages
total $99,870 · program services $93,017 · management and general $3,393 · fundraising $3,460
-
9 · Other employee benefits
total $18,443 · program services $14,227 · management and general $1,412 · fundraising $2,804
-
10 · Payroll taxes
total $13,728 · program services $9,779 · management and general $1,455 · fundraising $2,494
-
11b · Fees: legal
total $1,646 · program services $1,469 · management and general $177
-
11c · Fees: accounting
total $55,844 · management and general $55,844
-
11e · Fees: professional fundraising services
total $29,870 · fundraising $29,870
-
11g · Fees: other
total $44,780 · management and general $44,609 · fundraising $171
-
12 · Advertising and promotion
total $5,575 · management and general $3,276 · fundraising $2,299
-
13 · Office expenses
total $15,376 · program services $2,813 · management and general $6,876 · fundraising $5,687
-
14 · Information technology
total $10,755 · management and general $10,755
-
16 · Occupancy
total $163,372 · program services $133,884 · management and general $29,488
-
17 · Travel
total $1,283 · management and general $1,232 · fundraising $51
-
20 · Interest
total $15,146 · management and general $15,146
-
22 · Depreciation, depletion and amortization
total $61,568 · program services $58,490 · management and general $3,078
-
23 · Insurance
total $1,697 · management and general $1,697
-
24a · Other expenses: TENANT BENEFITS
total $45,873 · program services $45,873
-
24b · Other expenses: STAFF RELATED EXPENSES
total $9,769 · program services $3,169 · management and general $5,831 · fundraising $769
-
24c · Other expenses: BAD DEBT EXPENSE
total $734 · program services $734
-
24d · Other expenses: GARDEN MAINTENANCE
total $40 · program services $40
-
24e · All other expenses
total $8,713 · program services $529 · management and general $3,953 · fundraising $4,231
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $355,369 · end of year $129,225
-
2 · Savings and temporary cash investments
beginning of year $1,053 · end of year $14,502
-
3 · Pledges and grants receivable
beginning of year $60,169 · end of year $9,280
-
4 · Accounts receivable
beginning of year $6,011 · end of year $9,824
-
9 · Prepaid expenses and deferred charges
end of year $1,620
-
10a · Land, buildings and equipment: cost or other basis
$1,510,207
-
10b · Land, buildings and equipment: accumulated depreciation
$405,258
-
10c · Land, buildings and equipment, net
beginning of year $1,119,729 · end of year $1,104,949
-
15 · Other assets
beginning of year $25,260 · end of year $20,667
-
17 · Accounts payable and accrued expenses
beginning of year $24,849 · end of year $37,345
-
23 · Secured mortgages and notes payable
beginning of year $540,296 · end of year $525,832
-
25 · Other liabilities
beginning of year $42,439 · end of year $47,033
-
27 · Net assets without donor restrictions
beginning of year $794,156 · end of year $518,754
-
28 · Net assets with donor restrictions
beginning of year $165,851 · end of year $161,103
Mission and programs · 2023
Mission
WELL HOUSE EXPANDS, PROVIDES, AND SAFEGUARDS LOW COST HOUSING OPTIONS FOR VULNERABLE POPULATIONS.
-
WELL HOUSE PROVIDES PERMANENT HOUSING FOR INDIVIDUALS AND FAMILIES WHO ARE EXPERIENCING CHRONIC HOMELESSNESS AND WHO ARE NO LONGER ABLE TO ACCESS HOUSING THROUGH TRADITIONAL MARKETS. BY PRIORITIZING PLACEMENTS FOR THOSE EXPERIENCING NUMEROUS BARRIERS, WE HELP OUR NEIGHBORS COME IN FROM THE STREETS, EMERGENCY SHELTERS AND OTHER UNHEALTHY CONDITIONS BRINGING THEM INTO SAFE, STABLE HOUSING IN A SUPPORTIVE COMMUNITY. ADDRESSING THE PRIMARY NEED FOR HOUSING ALLOWS TENANTS WITH ECONOMIC, HEALTH, BEHAVIORAL, AND SOCIAL PROBLEMS TO STABILIZE AND RECOVER FROM TRAUMAS THAT LED THEM TO HOMELESSNESS, AND TO REDEVELOP INDEPENDENT LIVING SKILLS. DURING 2023 WELL HOUSE PROVIDED HOUSING FOR APPROXIMATELY 43 RESIDENTS.
Expenses $410,152 · Revenue $271,252
As filed on the 2023 return.
Listed in Part VII
-
John GloverJOHN GLOVER
EXECUTIVE DI
- Total calculated
- $84,460
- From this org
- $82,169
- From related orgs
- $0
- Other
- $2,291
- Hours/week
- 40
-
Derek DevriesDEREK DEVRIES
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Brent GeersBRENT GEERS
BOARD SECRET
- Total calculated
- $0
- Hours/week
- 1
-
Jenifer JacksonJENIFER JACKSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Maren ChannerMAREN CHANNER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Brad WalshBRAD WALSH
BOARD TREASU
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
WELL HOUSE LTD DIVIDEND HOUS ASSOC
HOUSING · MI · income $143,333 · assets $143,333
Directly controlled by WELL HOUSE
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202413209349304296
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