Suite 210 308 11th Ave SE
Calgary, AB T2G 0Y2
Executive Director: Frank Kelton
Board Chair: Greg Boone

Charitable Reg. #:89528 2358 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 1/5]

FINANCIAL TRANSPARENCY

Audited financial statements available only through official request for information from Charities Directorate.

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.

89%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 89 cents are available for programs.



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OVERVIEW

About Potential Place:

Potential Place is a small, 1-star rated charity. It is not financially transparent and publicly reports little of its programs and results. Before you give, read Charity Intelligence’s report.

Founded in 1995, Potential Place is dedicated to improving the lives of people with chronic mental illness. The charity is based in Calgary, Alberta. According to the charity, one in five Calgarians struggle with mental illness at some point in their life. As a member of Clubhouse International, Potential Place operates in accordance with international standards relating to the treatment of clients, programming offered, and governance. The charity has two main programs: Housing and Employment. The charity does not disclose how much it spent on its programs in F2021.

Potential Place’s Employment program provides training, job placement, and professional development services.

Through the charity’s Housing program, the charity advocates for housing support for its clients. Potential Place operates two small apartment buildings that can house 25 adults.

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Results and Impact

Potential Place commissioned a study published by the Canadian Journal of Community Mental Health in F2021. 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% to 16% after registration to Potential Place.

While Charity Intelligence highlights these key results, they may not be a complete representation of Potential Place’s results and impacts.

Updated on July 19, 2022 by Ann Lei.

 

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Finances

Potential Place is a small charity in terms of donations, with $97k in donations in F2021. The charity also received $1.2m in government funding in F2021, representing 73% of total revenue. Administrative costs are 11% of revenues (less investment income). Potential Place does not report any direct fundraising costs in F2021, F2020, or F2019. This means that for every dollar donated to the charity, 89 cents go to the cause. This is within Ci’s reasonable range of overhead spending. Potential Place has funding reserves of $661k which can cover six months of annual program costs.

Potential Place is not financially transparent. Audited financial statements are available only through an official request from the CRA.

This report is an update that has been sent to Potential Place for review. Changes and edits may be forthcoming.

Updated July 19, 2022 by Ann Lei.

Financial Review


Financial Ratios

Fiscal year ending March
202120202019
Administrative costs as % of revenues 10.6%13.0%10.9%
Total overhead spending 10.6%13.0%10.9%
Program cost coverage (%) 50.5%23.0%28.1%

Summary Financial Statements

All figures in $s
202120202019
Donations 97,29268,31464,407
Goods in kind 00224
Government funding 1,159,635872,380752,124
Fees for service 308,959306,135297,255
Lotteries (net) 048,62069,522
Investment income 1,5332,1621,946
Other income 17,41710,4785,782
Total revenues 1,584,8361,308,0891,191,260
Program costs 1,309,8911,235,9291,067,989
Administrative costs 167,303169,319130,128
Total spending 1,477,1941,405,2481,198,117
Cash flow from operations 107,642(97,159)(6,857)
Capital spending 26,506(14,577)821
Funding reserves 661,143283,646299,824

Note: Ci took program and administrative costs from the charity’s T3010 filing with the CRA.

Salary Information

Full-time staff: 11

Avg. compensation: $74,736

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
1
$80k - $120k
2
$40k - $80k
7
< $40k
0

Information from most recent CRA Charities Directorate filings for F2021

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.potentialplace.org
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 403-216-9250

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Charitable Registration Number: 80340 7956 RR0001