Wellspring Multi-Service Center

814 Nantasket Ave., Hull, MA 02045   Phone: (781) 925-3211     Fax: (781) 925-9562
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Financial Statement

2006-2007

EXPENSES
$700,436
EXPENSES $499,576.14

INCOME
$660,546

INCOME $520,502.65

BALANCE SHEET

ASSETS

Cash $102,885
Total Other Current Assets $4,516
Fixed Assets $915,125
TOTAL ASSETS $1,022,526

LIABILITIES & EQUITY

Accounts Payable $27,287
Mortgage Payable $502,992
Net Assets $492,247
TOTAL LIABILITIES & EQUITY $1,022,526

Financial Management
Wellspring relies on individual donors as well as community, business and government support to fund the operations and programs of the organization. The staff and board of Wellspring is dedicated to sound fiscal management. Due to the focus on achieving a strong return on donations, Wellspring is able to use more than ninety-one cents out of every dollar for direct programming and services to the clients.


 
 
 

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