Well House

Tax-deductible

Grand Rapids, MI501(c)(3)EIN 38-2779457

Well house expands, provides and safeguards low-cost housing options for vulnerable populations.

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
Run by 73 volunteers and 6 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $77K a year · 11% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$83K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$911K
40% of total assets
Looks good: liabilities are 40% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
+237% vs prior year
Spent
$686K
To programs
62%
Net assets
$1.4M
By yearFY2020–FY2024
Revenue
$1.4M
FY2024▲ +237%
Revenue by fiscal year
FY2020$476K
FY2021$619K
FY2022$555K
FY2023$408K
FY2024$1.4M
Expenses
$686K
FY2024-0.4%
Expenses by fiscal year
FY2020$505K
FY2021$480K
FY2022$692K
FY2023$689K
FY2024$686K
Net assets
$1.4M
FY2024▲ +102%
Net assets by fiscal year
FY2020$769K
FY2021$908K
FY2022$960K
FY2023$680K
FY2024$1.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1988.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $424K Management & general 17% · $115K Fundraising 21% · $146K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

7 people listed on the 990; $83K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$83,485Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Secret
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Treasu
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
John Glover$83,485$82,169$82,319$82,479$80,885

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides and safeguards affordable housing for vulnerable people.

Provided by the organization

This section is blank until Well House claims this page.

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1 program service account for $424K of program spending, described in the organization's own filed words · FY2024.
01

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…

$424Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$8K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Gifts and grantsLn 1h$951K
Fees for servicesLn 2g$274K
Investment incomeLn 3$143K
Money outPt IX
$686K
Ln 25
Programscol B$424K
Managementcol C$115K
Fundraisingcol D$146K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$419K
Total assetsLn 16$2.3M
LiabilitiesLn 26$911K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$951K
Government grantsLn 1e$411K
Noncash giftsLn 1g$10K
Fees for servicesLn 2g$274K
Investment incomeLn 3$143K
Other incomeLn 4–11$9K
Gains on assetsLn 7$143K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$387K
SavingsLn 2$32K
Cash and savings togetherLn 1–2$419K
Land, buildings, equipmentLn 10c$1.4M
Other assetsLn 15$10K
Total assetsLn 16$2.3M
LiabilitiesLn 26$911K
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 56
VolunteersI 673
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$144K$419K
Land, buildings, equipmentLn 10c$1.1M$1.4M
Total assetsLn 16$1.3M$2.3M
LiabilitiesLn 26$610K$911K
Net assetsLn 32$680K$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$93K$47K$19K$28K
Other salaries and wagesLn 7$76K$46K$15K$15K
Other employee benefitsLn 9$8K$5K$2K$2K
Payroll taxesLn 10$13K$7K$3K$3K
Legal feesLn 11b$24K$236$13K$10K
Accounting feesLn 11c$62K$23K$28K$11K
Other fees for servicesLn 11g$91K$25K$17K$49K
Advertising and promotionLn 12$7K$325$6K
Office expensesLn 13$10K$5K$2K$2K
Information technologyLn 14$8K$4K$2K$2K
OccupancyLn 16$166K$156K$4K$5K
TravelLn 17$2K$1K$487
InterestLn 20$19K$11K$4K$4K
Depreciation, depletion and amortizationLn 22$60K$56K$1K$2K
Other expenses (24a–d)Ln 24$43K$37K$2K$5K
All other expensesLn 24e$5K$638$3K$1K
Total functional expensesLn 25$686K$424K$115K$146K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.4M$686K$691K$1.4M 990 PDF
FY2023 $408K$689K−$280K$680K 990 PDF
FY2022 $555K$692K−$137K$960K 990 PDF
FY2021 $619K$480K$139K$908K 990 PDF
FY2020 $476K$505K−$29K$769K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,377,181 across 9 lines filed
VIII-1e Government grants$411,267
VIII-1f All other contributions, gifts and grants$539,731
VIII-1g Noncash contributions (included above)$9,838
VIII-1h Total contributions, gifts and grants$950,998
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $274,106$274,106
VIII-3 Investment incomeExcluded from tax $208$208
VIII-7 Net gain or loss on sales of assetsRelated to mission $143,289$143,289
VIII-8 Net income from fundraising eventsExcluded from tax $8,580$8,580
VIII-12 Total revenueRelated to mission $417,395 · Excluded from tax $8,788$1,377,181
Part IX · Statement of functional expenses $685,687 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $46,654 · Management $18,662 · Fundraising $27,992$93,308
IX-7 Other salaries and wagesPrograms $45,662 · Management $15,221 · Fundraising $15,220$76,103
IX-9 Other employee benefitsPrograms $5,155 · Management $1,695 · Fundraising $1,629$8,479
IX-10 Payroll taxesPrograms $6,901 · Management $2,510 · Fundraising $3,137$12,548
IX-11b Legal feesPrograms $236 · Management $13,452 · Fundraising $10,153$23,841
IX-11c Accounting feesPrograms $23,136 · Management $28,213 · Fundraising $10,517$61,866
IX-11g Other fees for servicesPrograms $24,755 · Management $17,228 · Fundraising $48,635$90,618
IX-12 Advertising and promotionManagement $325 · Fundraising $6,181$6,506
IX-13 Office expensesPrograms $5,254 · Management $1,911 · Fundraising $2,388$9,553
IX-14 Information technologyPrograms $4,228 · Management $1,538 · Fundraising $1,922$7,688
IX-16 OccupancyPrograms $156,137 · Management $4,347 · Fundraising $5,434$165,918
IX-17 TravelPrograms $1,462 · Fundraising $487$1,949
IX-20 InterestPrograms $11,018 · Management $3,518 · Fundraising $4,398$18,934
IX-22 Depreciation, depletion and amortizationPrograms $56,444 · Management $1,438 · Fundraising $1,798$59,680
IX-24 Other expenses (24a–d)Programs $36,769 · Management $1,920 · Fundraising $4,685$43,374
IX-24e All other expensesPrograms $638 · Management $3,291 · Fundraising $1,393$5,322
IX-25 Total functional expensesPrograms $424,449 · Management $115,269 · Fundraising $145,969$685,687
Part X · Balance sheet $2,286,952 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $129,225$387,115
X-2 Savings and temporary cash investmentsStart of year $14,502$32,116
X-3 Pledges and grants receivableStart of year $9,280$416,412
X-4 Accounts receivableStart of year $9,824$17,716
X-9 Prepaid expenses and deferred chargesStart of year $1,620$1,415
X-10c Land, buildings and equipment, netStart of year $1,104,949$1,421,798
X-15 Other assetsStart of year $20,667$10,380
X-16 Total assetsStart of year $1,290,067$2,286,952
X-17 Accounts payable and accrued expensesStart of year $37,345$260,645
X-25 Other liabilitiesStart of year $47,033$38,106
X-26 Total liabilitiesStart of year $610,210$910,606
X-27 Net assets without donor restrictionsStart of year $518,754$799,925
X-28 Net assets with donor restrictionsStart of year $161,103$576,421
X-32 Total net assets or fund balancesStart of year $679,857$1,376,346
X-33 Total liabilities and net assetsStart of year $1,290,067$2,286,952
Part XI · Reconciliation of net assets $1,376,346 net assets at year end
XI-1 Total revenue$1,377,181
XI-2 Total expenses$685,687
XI-3 Revenue less expenses$691,494
XI-4 Net assets at start of year$679,857
XI-5 Net unrealized gains (losses) on investments$4,995
XI-10 Net assets at end of year$1,376,346

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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