Overview
What is Day Spring Inc?
Day Spring Inc, located in Louisville, Kentucky, is a nonprofit organization committed to offering housing and social support services to intellectually disabled adults. They operate both group and individual homes, providing a nurturing environment for their clients. The organization's primary role involves serving as a housing manager and employee provider for four HUD Section 811 projects, ensuring the necessary support and care for the individuals residing in these projects. With a workforce of 113 dedicated employees, Day Spring Inc is dedicated to improving the quality of life and promoting independence for intellectually disabled adults in Louisville.
Official website here: www.dayspringky.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81%, Three-Star out of Four Stars.
Day Spring Inc has received a Three-Star rating based on its accountability and finance metrics, which are crucial for assessing nonprofit effectiveness. The organization excels in areas such as board independence and oversight, achieving high scores across various governance practices including a fully independent board and well-maintained financial policies. Their program expense ratio is also impressive, indicating that a significant portion of their resources is directed towards program activities.
However, the organization faces challenges with its liabilities to assets ratio, which stands at 158.22%. This high ratio raises concerns about financial stability and the potential risk of operating at a deficit. While their accountability measures and program spending are commendable, this financial aspect could be a point of caution for potential donors and stakeholders.
Overall, Day Spring Inc demonstrates a strong commitment to governance and operational transparency, yet it is essential to monitor its financial health to ensure long-term sustainability and effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Day Spring Inc legitimate?
Day Spring Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Day Spring 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,515,309
For more financial information, click here
Official website here: www.dayspringky.org
What is the mission statement of Day Spring Inc?
Day Spring Inc serves as a housing manager and employee provider for four HUD Section 811 projects. Their primary mission is to offer housing, social support, and family home provider services to intellectually disabled adults, catering to both group and individual homes. The organization's objective is to enhance the quality of life for these adults, providing them with a stable and supportive living environment. Day Spring Inc's services aim to promote independence, enhance their overall well-being, and help them navigate daily life challenges effectively.
Official website here: www.dayspringky.org
Who is the CEO of Day Spring Inc?
Phyllis A Krall is the Chairperson of Day Spring Inc. The CEO's salary of Day Spring Inc is $0 and their total compensation is $0.
Official website here: www.dayspringky.org
What is the revenue of Day Spring Inc?
Day Spring Inc's revenue in 2023 was $4,436,193.
Official website here: www.dayspringky.org
Who are the executives of Day Spring Inc and what are their salaries?
The average compensation at Day Spring Inc during 2023 was $22,259. There are 113 employees at Day Spring Inc.
Here are 4 key members and their salaries (Day Spring Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.dayspringky.org
Where can I find the form 990 for Day Spring Inc?
Day Spring Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.dayspringky.org
Learn more at the official website: www.dayspringky.org
Mission Statement of Day Spring Inc
Day Spring Inc, as a housing manager and employee provider, is committed to serving intellectually disabled adults in Louisville, Kentucky. Their mission is centered around providing housing, social support, and family home provider services within group and individual homes. This nonprofit organization strives to create an environment that caters to the unique needs of these individuals, ensuring they live with dignity and independence. By managing four HUD Section 811 projects, Day Spring Inc is able to extend its reach and make a meaningful impact on the lives of those it serves.
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Impact
July, 2024
Day Spring Inc has a significant impact on the lives of intellectually disabled adults in Louisville, KY by providing housing, social support, and family home provider services. Through managing and employing individuals for four HUD Section 811 projects, Day Spring Inc ensures that these vulnerable adults have access to safe and supportive living environments. Their mission to provide housing and essential services to intellectually disabled adults contributes to the overall well-being and quality of life of these individuals in the community.
This information is meant to be a general summary of Day Spring Inc. 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 2023.
- Investment Income: $89,329
- Program Service Revenue: $4,309,010
- Gross Receipts: $4,854,521
Assets and Liabilities:
- Total Assets: $357,408
- Total Liabilities: $565,535
- Net Assets: -$208,127
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICAID REVENUE
Revenue
$4,037,975
FOOD & TRANSPORTATION
Revenue
$210,147
PROPERTY MGMT FEES
Revenue
$60,888
Organization Details
Founding Year
1992
Phone
(502) 636-5990Principal Officer
Phyllis A Krall
Main Address
3430 DAY SPRING COURT, LOUISVILLE, KY, 40213
Website
www.dayspringky.orgNTEE Category
Code: P33Z - Human services
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