Overview
What is Well House?
Well House is a compassionate nonprofit organization situated in Grand Rapids, Michigan. Their primary mission is to offer permanent housing solutions for individuals and families facing chronic homelessness, who are often unable to secure housing through conventional markets due to various barriers. By prioritizing placements for those with numerous challenges, Well House assists in bringing their neighbors out of the streets, emergency shelters, and unhealthy living conditions, into safe, stable housing within a supportive community. The organization's focus on housing enables tenants with economic, health, behavioral, and social problems to stabilize, recover from past traumas, and redevelop independent living skills. In 2022, Well House provided housing for approximately 60 residents, demonstrating their commitment to expanding and safeguarding low-cost housing options for vulnerable populations. The organization is led by a small team of dedicated professionals, as indicated by their total staff count of 3.
Official website here: www.wellhousegr.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
Well House has earned a Three-Star rating from Charity Navigator, reflecting a solid level of accountability and finance management. The rating is heavily influenced by its strong performance in areas such as having a majority independent board and well-maintained financial oversight. The organization scored perfectly in several key aspects, including conflict of interest policies and document retention policies, indicating a commitment to transparency.
However, the organization has room for improvement, particularly in its program expense ratio, which stands at 56.99%. This suggests that a significant portion of its expenses may not be directed toward program services, potentially affecting its overall impact. The absence of a whistleblower policy also highlights a gap in governance that could be addressed to enhance organizational integrity.
Overall, Well House demonstrates a dedication to financial accountability and good governance, but it may benefit from refining its program spending and implementing additional policies to fortify its operational framework.
This AI summary has been generated from information found on Charity Navigator.
Is Well House legitimate?
Well House is a legitimate nonprofit organization registered as a 501(c)(3) entity. Well House 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $92,629
Professional Fundraising Fees: $56,250
Other Salaries and Wages: $85,511
For more financial information, click here
Official website here: www.wellhousegr.org
What is the mission statement of Well House?
Well House expands, provides, and safeguards affordable housing options for vulnerable populations, serving as a refuge for individuals and families struggling with chronic homelessness. By prioritizing placements for individuals facing numerous barriers, Well House helps bring them out of the streets, emergency shelters, and unhealthy conditions, providing them with safe and stable housing in a supportive community. This primary focus on housing allows tenants with various challenges, including economic, health, behavioral, and social problems, to stabilize and recover from the traumas that led to their homelessness, ultimately helping them redevelop independent living skills. During 2022, Well House provided housing for approximately 60 residents.
Official website here: www.wellhousegr.org
Who is the CEO of Well House?
John Glover is the Executive Di of Well House.
Official website here: www.wellhousegr.org
What is the revenue of Well House?
Well House's revenue in 2022 was $554,560.
Official website here: www.wellhousegr.org
Who are the executives of Well House and what are their salaries?
The average compensation at Well House during 2022 was $59,380. There are 3 employees and 15 volunteers at Well House.
Here are 9 key members and their salaries:
- Compensation: $82,319
- Related: $0
- Other: $10,310
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.wellhousegr.org
Where can I find the form 990 for Well House?
Well House's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wellhousegr.org
Learn more at the official website: www.wellhousegr.org
Mission Statement of Well House
Well House expands, provides, and safeguards affordable housing options for vulnerable populations. As a nonprofit, Well House prioritizes placements for individuals and families experiencing chronic homelessness, who are no longer able to secure housing through traditional markets. By offering permanent housing, Well House brings those struggling in emergency shelters, on the streets, and from other unhealthy conditions into safe, stable housing within a supportive community. This primary focus on housing allows tenants with various economic, health, behavioral, and social challenges to stabilize and recover from the traumas that led them to homelessness, and to redevelop independent living skills. In 2022, Well House provided housing for approximately 60 residents.
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Impact
July, 2024
Well House's impact is significant in providing permanent housing for individuals and families experiencing chronic homelessness and facing barriers in accessing traditional housing markets. By prioritizing placements for those in need, Well House helps vulnerable populations transition from the streets, emergency shelters, and other unhealthy conditions into safe and stable housing within a supportive community. This approach addresses the primary need for housing, allowing tenants to stabilize and recover from the traumas that led them to homelessness while developing independent living skills. In 2022, Well House provided housing for approximately 60 residents, making a direct impact on improving the lives of those in need in Grand Rapids, MI.
This information is meant to be a general summary of Well House. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $53
- Program Service Revenue: $226,140
- Gross Receipts: $571,699
Assets and Liabilities:
- Total Assets: $1,567,591
- Total Liabilities: $607,584
- Net Assets: $960,007
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$226,140
Organization Details
Founding Year
1991
Phone
(616) 245-3910Principal Officer
John Glover
Main Address
600 CASS AVENUE SE, GRAND RAPIDS, MI, 49503
Website
www.wellhousegr.orgNTEE Category
Code: L41 - Housing
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