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Day Spring Homes INC EIN 20-1349092

Day Spring Homes INC

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Day Spring Homes INC is a human services nonprofit based in Louisville, KY, formed in 2005. For fiscal year 2024 it reported $33K in revenue, $53K in expenses, and $155K in net assets.Pt I

Founded
2005
Type
Public charity (501(c)(3)) · Human Services
Location
Louisville, KY
Website
www.dayspringky.org
Filings
4 on file (2021–2024)
Revenue
$33KFY2024
Expenses
$53K
Net assets
$155K
People
20
Filings
4
Updates
0
More identity details & actions ⌄
EIN  20-1349092 Public charity (501(c)(3)) Louisville, KY Founded 2005
Form 990 (PDF)
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Size
<$100K
What they do
a human services nonprofit
Leadership
Becca Krall · Chair
Money in and out
$33K revenue, $53K expenses
Bottom line
79% program efficiency
Where the money goes · FY2024
Total revenue
$33K
Pt VIII · Ln 12
Total expenses
$53K
Pt IX · Ln 25
Net assets
$155K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$20K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.21
Program efficiency
79%
of spending reaches programs▼ -21% vs prior filing year
Operating runway
0.7mo
months of highly liquid reserves at operating expense rate▲ +250% vs prior filing year
Surplus margin
-59%
revenue over expenses, this year▲ +39% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$33K
FY2024▲ +40%
Expenses
$53K
FY2024▲ +14%
Total assets
$194K
FY2024▼ -8%
Total liabilities
$39K
FY2024▲ +8%
Total revenue
$33K
Pt VIII · Ln 12
Total expenses
$53K
Pt IX · Ln 25
Net assets
$155K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$20K
Total assetsPt X · Ln 16$194K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 319
Independent voting membersPt I · Ln 419
Mission & Programs · Part III

Where the work happens

1 program service account for $42K of program spending, described in the organization's own filed words · FY2024.
01

To provide housing and social support for individuals with intellectual and developmental disabilities. Rental income is paid by the residents and rent subsidies are received from hud.

$42Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDay Spring Homes INC
EINHdr · item D20-1349092
Principal addressHdr · item CLouisville, KY
WebsiteHdr · item Jwww.dayspringky.org
Year of formationHdr · item L2005
State of legal domicileHdr · item MKY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P73)
Ruling yearIRS BMFOct 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a19
Independent voting membersPt VI · Ln 1b19
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
John Barber
Vice Chair
$0Pt VII · Sec A
Beth Barrett
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Eric Clark
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$32K · 97%
Investment income$1K · 3%
Program service revenue97%$32K
Investment income3%$1K
Total revenueLn 12$33K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.21
Program services79%$42K
Management & general21%$11K
Total functional expensesLn 25$53K

Balance Sheet

Part X · end of year
CashLn 1$3K
Total assetsLn 16$194K
Total liabilitiesLn 26$39K
Total net assetsLn 32$155K
Months of cash on handcomputed0.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3K · Operating expenses/yr $53K
0.7 months
Where the money goes
Program services
Program services $42K · Total expenses $53K
79%
Management & General
Management & general $11K · Total expenses $53K
21%
Fundraising
Fundraising $0 · Total expenses $53K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $33K
0%
Government reliance
Government grants — · Total revenue $33K
—
Earned-income share
Program service revenue $32K · Total revenue $33K
97%
Investment reliance
Investment income $1K · Total revenue $33K
+3%
Program self-sufficiency
Program service revenue $32K · Total expenses $53K
61%
Growth & trend
Revenue growth (YoY)
This year $33K · Prior year $24K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $155K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $33K · Expenses $53K
-59%
Liabilities-to-Assets
Total liabilities — · Total assets $194K
—
Net-asset ratio
Net assets $155K · Total assets $194K
80%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $194K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Becca Krall · Reported title CHAIR · Highest reported compensation $0 · Total expenses $53K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $53K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 79%——
Overhead ratio 21%——
Revenue growth 40%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$24K revenue · ⤓ 990 PDF
FY2023$27K revenue · ⤓ 990 PDF
FY2022$26K revenue · ⤓ 990 PDF
FY2021$24K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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