Civic Intelligence

Wellspring Communities Inc.

990PF • Fiscal year 2018 • EIN 31-1702016

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

Organization Profile
11726 Zenobia LoopWestminster, CO 80031

(720) 272-7748

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

90th percentile

0.75x

Higher debt load relative to assets than 90% of similar nonprofits.

2018 filings • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

90th percentile

1.56x

Higher debt load relative to revenue than 90% of similar nonprofits.

2018 filings • $1M-$5M nonprofits • Source year 2018

Net Margin

89th percentile

50%

Higher net margin than 89% of similar nonprofits.

2018 filings • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

93rd percentile

$226,504

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 42.1% of source-year revenue.

2018 filings • $1M-$5M nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$1,116,465

Up $747,028 (+202%) from 2012

Net Assets

Up

$276,888

Up $147,105 (+113%) from 2012

Liabilities

Up

$839,577

Up $599,923 (+250%) from 2012

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin89th percentile

Revenue

$538,536

No earlier filing loaded for comparison.

Expenses

Up

$271,575

Up $257,699 (+1857%) from 2012

Net Income

$266,961

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2010: $459,172Liabilities 2010: $275,666Net Assets 2010: $183,5062010Assets 2011: $441,215Liabilities 2011: $272,851Net Assets 2011: $168,3642011Assets 2012: $369,437Liabilities 2012: $239,654Net Assets 2012: $129,7832012Assets 2018: $1,116,465Liabilities 2018: $839,577Net Assets 2018: $276,8882018Assets 2020: $62,641Liabilities 2020: $0Net Assets 2020: $62,6412020Assets 2021: $489,981Liabilities 2021: $0Net Assets 2021: $489,9812021Assets 2022: $15Liabilities 2022: $0Net Assets 2022: $152022Assets 2023: $1,015Liabilities 2023: $1,015Net Assets 2023: $02023

Highlighted filing

2018

Assets$1,116,465
Liabilities$839,577
Net Assets$276,888
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $16,1642010Expenses 2011: $15,1422011Expenses 2012: $13,8762012Revenue 2018: $538,536Expenses 2018: $271,575Net Income 2018: $266,9612018Revenue 2020: $43,924Expenses 2020: $165,530Net Income 2020: -$121,6062020Revenue 2021: $513,100Expenses 2021: $85,760Net Income 2021: $427,3402021Revenue 2022: $0Expenses 2022: $489,966Net Income 2022: -$489,9662022Revenue 2023: $1,000Expenses 2023: $1,000Net Income 2023: $02023

Highlighted filing

2018

Revenue$538,536
Expenses$271,575
Net Income$266,961
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JONATHAN H MORSEPresident, DirectorPT$226,504-$226,504
RUSSELL G ALBRIGHTExecutive DirectorPT$11,674-$11,674
JEFFREY BAGLEYDirector-$5,000-$5,000
MARCELLA MORSEDirector-$0--
Filing and Contact Details

Filer

Filer Name
Wellspring Communities Inc
EIN
31-1702016
Phone
7202727748
Address
11726 ZENOBIA LOOP, WESTMINSTER, CO 80031

Signing Officer

Name
Jonathan H Morse
Title
Director, President
Signed
2019-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Cross & Associates CPAs
Address
6412 South 900 East Suite 201, Salt Lake City, UT 84121
Preparer
Joshua Lakin CPA
Phone
8013131777
Raw XML Appendix307 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990PF/UndistributedIncomeGrp/ExcessFromYear4Amt08424
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt0269675
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt0269675
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt0392227
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt0122552
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt08430
LandEtcSchedule2/LandEtcGrp/BookValueAmt01468
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt0Miscellaneous
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt09898
MortgagesAndNotesPayableSch/NotePayableGrp/BalanceDueAmt0750678
MortgagesAndNotesPayableSch/NotePayableGrp/BalanceDueAmt11
MortgagesAndNotesPayableSch/NotePayableGrp/InterestRt05.0000
MortgagesAndNotesPayableSch/NotePayableGrp/InterestRt13.0000
MortgagesAndNotesPayableSch/NotePayableGrp/InterestRt23.0000
MortgagesAndNotesPayableSch/NotePayableGrp/LenderNameGrp/PersonNm0CONSOLIDATED CAPITAL CORP
MortgagesAndNotesPayableSch/NotePayableGrp/LenderNameGrp/PersonNm1CONSOLIDATED CAPITAL CORP
MortgagesAndNotesPayableSch/NotePayableGrp/LenderNameGrp/PersonNm2CONSOLIDATED CAPITAL CORP
MortgagesAndNotesPayableSch/NotePayableGrp/LoanOriginalAmt0851850
MortgagesAndNotesPayableSch/NotePayableGrp/LoanOriginalAmt1272500
MortgagesAndNotesPayableSch/NotePayableGrp/LoanOriginalAmt2198000
MortgagesAndNotesPayableSch/NotePayableGrp/LoanPurposeTxt0REAL PROPERTY PARTNERSHIP INV
MortgagesAndNotesPayableSch/NotePayableGrp/LoanPurposeTxt1PRESERVE INVESTMENT
MortgagesAndNotesPayableSch/NotePayableGrp/LoanPurposeTxt2SPECIAL ASSESSMENT HOA
MortgagesAndNotesPayableSch/NotePayableGrp/NoteDt02005-01
MortgagesAndNotesPayableSch/NotePayableGrp/NoteDt12013-10
MortgagesAndNotesPayableSch/NotePayableGrp/NoteDt22015-01
MortgagesAndNotesPayableSch/NotePayableGrp/RepaymentTermsTxt0NET CASH FLOW/SALE OF ASSET
MortgagesAndNotesPayableSch/NotePayableGrp/RepaymentTermsTxt1NET CASH FLOW/SALE OF ASSET
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0BANK FEES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1LICENSE FEE
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt030
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt1100
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt030
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt1100
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/BOYBookValueAmt067756
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/BOYBookValueAmt11
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/Desc0OTHER LIABILITIES
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/Desc1Rounding
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/EOYBookValueAmt088899
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/AdjustedNetIncomeAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt013534
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0PROFESSIONAL FEES
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt013534
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt00
TaxesSchedule/TaxesDetail/Amt011484
TaxesSchedule/TaxesDetail/CategoryTxt0PAYROLL TAXES
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt011484
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JONATHAN H MORSE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR, PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WELLSPRING COMMUNITIES INC
ReturnHeader/Filer/BusinessNameControlTxt0WELL
ReturnHeader/Filer/EIN0311702016
ReturnHeader/Filer/PhoneNum07202727748
ReturnHeader/Filer/USAddress/AddressLine1Txt011726 ZENOBIA LOOP
ReturnHeader/Filer/USAddress/CityNm0WESTMINSTER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080031
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0870528982
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Cross & Associates CPAs
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06412 South 900 East Suite 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Salt Lake City
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0UT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd084121
ReturnHeader/PreparerPersonGrp/PhoneNum08013131777
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSHUA LAKIN CPA
ReturnHeader/ReturnTs02019-11-14T12:02:27-08:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2018 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,116,465
Liabilities
$839,577
Net assets
$276,888
Revenue
$538,536
Expenses
$271,575
Net income
$266,961
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.49$0.49
2021Detailed filing. Detailed filing data is available for this year.$0.49$0.00$0.49$0.51$0.09$0.43
2020Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$0.04$0.17$0.12
2018Detailed filing. Detailed filing data is available for this year.$1.12$0.84$0.28$0.54$0.27$0.27
2012Detailed filing. Detailed filing data is available for this year.$0.37$0.24$0.13$0.01
2011Detailed filing. Detailed filing data is available for this year.$0.44$0.27$0.17$0.02
2010Detailed filing. Detailed filing data is available for this year.$0.46$0.28$0.18$0.02