Better Business Bureau Report for
The Healing Place

Better Business Bureau Report issued December 2017
Better Business Bureau Report expires December 2019


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: The Healing Place
Address: 1020 West Market Street
  Louisville, KY 40202
Phone: 502-585-4848
Web Address: www.thehealingplace.org
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Better Business Bureau Comments

Year, State Incorporated: 1989, Kentucky
Affiliates: None
Stated Purpose: The mission of The Healing Place is to reach the homeless, offer recovery for the addicted, and help restore productive lives.

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Evaluation Conclusions

              

The Healing Place meets the 20 Standards for Charity Accountability.
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Programs

              

The Healing Place is a long term, residential social model recovery program for those addicted to drugs and alcohol. It is the largest shelter recovery program in Kentucky and serves more than 700 men and women on two campuses. Services are provided at no cost to the client. The organization relies heavily on financial contributions from individuals, corporations and foundations, as well as donated goods and services. 81% of all funds are directly related to program services for clients.

For the fiscal year ended December 31, 2016, The Healing Place's program expenses were:

  
Program Services 5,708,820
Total Program Expenses: $5,708,820
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Governance

              

Chief Executive : Jay Davidson, Chairman
Compensation*: 

Chair of the Board: Scott Colosi
Chair's Profession / Business Affiliation: President, Chief Financial Officer at Texas Roadhouse, Inc.

Board Size: 32

Paid Staff Size: 95

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

Methods of fund raising include direct mail, invitations to fund raising events, print advertisements, television, radio, grant proposals, internet, and planned giving arrangements.
Fund raising costs were 11% of related contributions. (Related contributions, which totaled $5,145,376, are donations received as a result of fund raising activities.)
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on The Healing Place's audited financial statements - consolidated for the fiscal year ended December 31, 2016.

Ending net assets as reported below include $11,136,964 in unrestricted net assets, $6,911,190 in temporarily restricted net assets, and $100,000 in permanently restricted net assets.

Of those unrestricted net assets stated above, $10,908,817 are undesignated and $228,147 are board designated.

Total assets as reported include $8,839,163 invested in property and equipment, net.

Source of Funds  
Program Service Fees 3,150,786
Capital Campaign Contributions 2,354,446
Federal and State Grants 1,223,699
Contributions and Grants 1,051,244
Noncash Contributions 343,962
Special Events, net 172,025
Other Interest Income 111,172
Net realized and unrealized gain on investments 2,869
Investment Income 1,250
Total Income $8,411,453


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Uses of Funds as a % of Total Expenses

Programs: 82%  Fund Raising: 8%  Administrative: 10% 

Total income $8,411,453
Program expenses $5,708,820
Fund raising expenses 578,342
Administrative expenses 699,776
Total expenses $6,986,938
Income in Excess of Expenses 1,424,515
Beginning net assets 16,723,639
Ending net assets 18,148,154
Total liabilities 2,367,322
Total assets $20,515,476


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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