Wellspring Resources

Alton,
IL
(2009)

Wellspring Resources

Behavioral Health, Community, FQHCs, Healthcare

The woman-operated Wellspring Resources (now Centerstone) in the medically underserved area of Alton Township is currently meeting a vital community need by providing extensive outpatient mental health services to area residents.

Investment

NMTC Amount: $4,900,000
Total Project Cost: $6,880,800

IMPACT

30 FTE jobs
30 construction jobs
2,700 patients served
Project includes a Federally Qualified Health Center.
35,000 sq. ft. of real estate

CDEs

Grow America

Investor

US Bank

Project Description

The woman-operated Wellspring Resources (now Centerstone) in the medically underserved area of Alton Township is currently meeting a vital community need by providing extensive outpatient mental health services to area residents. As a policy, the State of Illinois is shifting away from an institutional setting to serve the mentally ill and toward community mental health centers such as Wellspring to be the key mental health delivery system. The nonprofit Wellspring serves 2,700 patients annually, 100% of whom are low-income. The new 35,000 sq. ft., green mental health center allows Wellspring to expand services, hire 30 additional mental health workers and better respond to state RFPs. A HUD 108 loan from Madison County and state NMTCs were also leveraged to provide gap financing.

MAP

Address: 2615 Edwards Street, Alton, IL 62002

Census Tract: 17119402600

Other Illinois Projects

Serionix, Inc.

Urbana,
IL
(2024)

Manufacturing and Industrial

CDE(s): Advantage Capital, The Community Development Venture Capital Alliance

A major investment project is driving industrial growth and employment in Urbana, IL

Chicago Jesuit Academy

Chicago,
IL
(2022)

Behavioral Health, Community, Historic Rehabilitation, Schools

CDE(s): Cinnaire New Markets, Enterprise Community Partners, SCORE

The Chicago Jesuit Academy was founded in 2005 to support students from historically disinvested communities and is located on Chicago’s West Austin Neighborhood. The CJA currently provides a high-quality education

Bethel Center

Chicago,
IL
(2007)

Community, Daycare and Early Childhood, Youth and Families

CDE(s): Bethel New Life

On May 19, 2005, Bethel New Life, Inc., a nationally recognized faith-based community development corporation that has served the low-income West Garfield and Austin neighborhoods of Chicago for over twenty-five

Build, INC

Chicago,
IL
(2022)

Youth and Families

CDE(s): Chase, Chicago Development Fund, IFF, Local Initiatives Support Corporation

Construction of a headquarters for BUILD, a nonprofit that has worked for more than 50 years to help young people on the West Side of Chicago overcome systemic obstacles to