Healing Place Inc
- Assets
- $37.3m
- Revenue
- $12.8m
- Investments
- $770.3k
- Employees
- 241
- Location
- Louisville, KY
- Founding
- 02/1990
- Data as of
- 12/2023
- EIN
- 61-1164775
Organization Overview
Healing Place Inc is located in Louisville, KY. The organization was established in 1990. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Healing Place Inc employed 241 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Healing Place Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Healing Place Inc generated $12.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $13.2m during the year ending 12/2023. While expenses have increased by 8.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO REACH MEN AND WOMEN SUFFERING FROM DRUG AND ALCOHOL ADDICTION, PROVIDE THE TOOLS FOR RECOVERY, AND RESTORE PRODUCTIVE LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AGENCY OPERATES A COMPREHENSIVE RESIDENTIAL PROGRAM FOR ALCOHOLIC/ADDICTED MEN AND WOMEN, INCLUDING (1) NONMEDICAL DETOXIFICATION CENTERS, (2) OVERNIGHT SHELTERS, (3) A RESIDENTIAL RECOVERY PROGRAM, AND (4) TRANSITIONAL HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alfonso Cornish Chair | OfficerTrustee | 0.3 | $0 |
Sandra Stanley Treasurer | OfficerTrustee | 0.3 | $0 |
M Deane Stewart Secretary | OfficerTrustee | 0.3 | $0 |
T Lee Weyland Director | Trustee | 0.3 | $0 |
Wilma Couch Director | Trustee | 0.3 | $0 |
James Boggan Director | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Shone Services Consulting | 12/30/23 | $168,879 |
Incipio Consulting | 12/30/23 | $158,100 |
2020 Consulting Professionals Consulting | 12/30/23 | $110,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $118,681 |
| Related organizations | $0 |
| Government grants | $3,032,940 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,236,284 |
| Noncash contributions included in lines 1a–1f | $292,951 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,387,905 |
| Total Program Service Revenue | $6,682,054 |
| Investment income | $125,316 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $275,191 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$33,901 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,753,397 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $282,485 |
| Compensation of current officers, directors, key employees. | $53,672 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,247,411 |
| Pension plan accruals and contributions | $146,137 |
| Other employee benefits | $464,971 |
| Payroll taxes | $491,496 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,866 |
| Fees for services: Accounting | $72,767 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $592,221 |
| Advertising and promotion | $4,239 |
| Office expenses | $247,927 |
| Information technology | $40,464 |
| Royalties | $0 |
| Occupancy | $1,918,767 |
| Travel | $86,379 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,924 |
| Interest | $123,305 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $384,039 |
| Insurance | $141,999 |
| All other expenses | $298,023 |
| Total functional expenses | $13,200,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,887,165 |
| Savings and temporary cash investments | $466,666 |
| Pledges and grants receivable | $142,142 |
| Accounts receivable, net | $967,848 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $16,163,900 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $159,422 |
| Net Land, buildings, and equipment | $5,636,312 |
| Investments—publicly traded securities | $692,317 |
| Investments—other securities | $770,345 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,414,651 |
| Total assets | $37,300,768 |
| Accounts payable and accrued expenses | $1,098,374 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,587,256 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,685,630 |
| Net assets without donor restrictions | $30,414,499 |
| Net assets with donor restrictions | $1,200,639 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $37,300,768 |