Better Business Bureau Report for
Wellsprings Village, Inc.

Better Business Bureau Report issued January 2012
Better Business Bureau Report expires January 2013


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Wellsprings Village, Inc.
Address: P. O. Box 311017
  Houston, TX 77231
Phone: 713-529-6559
Web Address: http://www.wellspringsvillage.org
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Better Business Bureau Comments

Year, State Incorporated: 1988, Texas
Affiliates: None
Stated Purpose: To provide a safe, growthful environment for homeless and abused women. We seek to empower them to become economically and emotionally self-sustaining members of society.

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Evaluation Conclusions

               

Wellsprings Village, Inc. meets the 20 Standards for Charity Accountability.
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Programs

               

The Wellsprings Village is a transitional housing program that provides housing and supportive services to homeless and abused women that do not have children in their immediate care. Six four bedroom houses (eight women in each house; two women in each bedroom) are used for transitional housing. Primary supportive services include comprehensive case management, career/professional development, job skills training/educational programs, life skills training, counseling, and time and financial management. Residents also receive assistance with personal supplies, food, household items, transportation, and clothing. The Wellsprings Village served 143 women in the scattered-site supportive housing program and the on-site transitional residence program.

For the fiscal year ended December 31, 2010, Wellsprings Village, Inc.'s program expenses were:

  
Total: 497,272
Total Program Expenses: $497,272
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Governance

               

Chief Executive : Valerie Beckham, Executive Director
Compensation*:
 $70,000

Chair of the Board: Carole E. Updyke
Chair's Profession / Business Affiliation: Retired educator

Board Size: 9

Paid Staff Size: 12

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

direct mail, invitations to fund raising events, grant proposals
Fund raising costs were 27% of related contributions. (Related contributions, which totaled $640,813, are donations received as a result of fund raising activities.)
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Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               

The following information is based on Wellsprings Village, Inc.'s audited financial statements for the fiscal year ended December 31, 2010.

Source of Funds  
Contributions 389,644
Grants and contracts 125,953
United Way 125,216
Fundraising 19,228
Investment income -144
Total Income $659,897


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Uses of Funds as a % of Total Expenses

Programs: 68%  Fund Raising: 24%  Administrative: 8% 

Total income   $659,897
  Program expenses $497,272
  Fund raising expenses 173,018
  Administrative expenses 56,855
 
Total expenses   $727,145
Expenses in Excess of Income   (67,248)
Beginning net assets   2,053,084
Ending net assets   1,985,836
Total liabilities   384,767
Total assets   $2,370,603


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Complaints

               

The BBB has processed no complaints about this organization in the past 36 months, our standard reporting period.

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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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