Potential Place Society
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
C
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
n/r
DEMONSTRATED IMPACT
The demonstrated impact per dollar Ci calculates from available program information.
NEED FOR FUNDING
Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.
87%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 87 cents are available for programs.
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OVERVIEW
About Potential Place Society:
Potential Place Society is a 3-star charity that is financially transparent. Its results reporting grade is a C, which is below average. The overhead spending is 23%, which is within Ci’s reasonable range. PPS has reserve funds to cover program costs for 6 months.
Founded in 1995, Potential Place Society (PPS) is dedicated to improving the lives of people with chronic mental illness. The charity is based in Calgary, Alberta. The charity states that one in four Calgarians struggle with mental illness at some point in their life. As a member of Clubhouse International, PPS follows international standards relating to the treatment of clients, programming offered, and governance. The charity has three main programs: Housing, Employment, and Education. The charity does not disclose how much it spent on its programs in F2023.
Employment: Potential Place Society finds employment opportunities for its members and provides ongoing support, coaching, and mentorship.
Housing: Potential Place Society advocates for affordable housing for its members. PPS also has two small apartment buildings that house 25 members who live independently.
Education: PPS has an education program that supports funding for members wanting to go back to school. PPS also has the Young Adults of Potential Place program which offers peer to peer engagement between young adults transitioning from youth programs into adult programs.
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Results and Impact
Potential Place Society commissioned a study published by the Canadian Journal of Community Mental Health in 2021. The study looked at the Clubhouse model and its impact on psychiatric hospitalization in Canada. The study found that clients were less likely to be psychiatrically hospitalized after enrollment at Potential Place. The percentage of clients hospitalized dropped from 32% before registration to 16% after registration to Potential Place Society. The study also showed that the longer that Clubhouse members were enrolled, the less likely they were to be psychiatrically hospitalized (from 43.9% for 0 years of enrollment to 21.2% for those enrolled more than 13 years).
While Charity Intelligence highlights these key results, they may not be a complete representation of Potential Place Society’s outcomes.
Potential Place Society has not yet been rated on impact (n/r).
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Finances
Potential Place Society had donations of $199k in F2023, which makes it a small charity.
The charity received $776k in government funding representing 59% of total revenues.
PPS received $39k in casino revenue.
Administrative costs are 10% of revenues (less investment income) and fundraising costs are 3% of donations. This results in total overhead spending of 13%. This is within Ci’s reasonable range for overhead spending.
Potential Place Society has $566k in reserve funds. These reserve funds are PPS’s cash and investments. The charity has 6 months program costs covered by its current reserves.
After the F2023 year end, Potential Place Society put a deposit of $100k on land, which has a total purchase price of $5.1m. PPS plans to construct a large apartment complex on the acquired land, with an estimated cost of $29.4m. PPS is currently in discussion with funders to set terms and conditions for the funding that will be provided, and related commitments to support the project.
This charity report is an update that has been sent to Potential Place Society for review. Changes and edits may be forthcoming. Updated on May 30, 2024, by Lily Ferguson.
Financial Review
Fiscal year ending March
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 10.1% | 12.5% | 10.6% |
| Fundraising costs as % of donations | 3.0% | 3.7% | 0.0% |
| Total overhead spending | 13.1% | 16.2% | 10.6% |
| Program cost coverage (%) | 48.9% | 37.9% | 50.5% |
Summary Financial StatementsAll figures in $s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 199,482 | 21,495 | 97,292 |
| Goods in kind | 0 | 0 | 0 |
| Government funding | 775,967 | 1,040,560 | 1,159,635 |
| Fees for service | 320,853 | 306,925 | 308,959 |
| Lotteries (net) | 38,797 | 19,657 | 0 |
| Investment income | 6,827 | 2,046 | 1,533 |
| Other income | (18,461) | (26,953) | 17,417 |
| Total revenues | 1,323,465 | 1,363,730 | 1,584,836 |
| Program costs | 1,158,533 | 1,226,789 | 1,309,891 |
| Administrative costs | 133,407 | 170,637 | 167,303 |
| Fundraising costs | 5,962 | 796 | 0 |
| Total spending | 1,297,902 | 1,398,222 | 1,477,194 |
| Cash flow from operations | 25,563 | (34,492) | 107,642 |
| Capital spending | 26,798 | 4,779 | 26,506 |
| Funding reserves | 566,108 | 465,189 | 661,143 |
Note: The charity does not report administration costs as a line item. Ci reported administrative costs from the charity’s T3010 filings with the CRA and backed them out of the charity’s reported program expenses. Ci adjusted for deferred revenue which affects total revenue by ($44k) in F2023, ($58k) in F2022, and $102k in F2021. Ci removed recognition of lease inducement from revenues, affecting total revenues by ($15k) in F2023, F2022, and F2021. PPS does not disclose donor-endowed separate from board-endowed funds. As such, no deduction for endowments is made to funding reserves.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
0 |
$80k - $120k |
2 |
$40k - $80k |
7 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
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Comments & Contact
Comments added by the Charity:
Charity Contact
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