Better Business Bureau Report for
Society of St. Vincent de Paul

Better Business Bureau Report issued May 2010
Better Business Bureau Report expires May 2012


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


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Charity Contact Information

Name: Society of St. Vincent de Paul
Address: 1015-C South Preston Highway
  Louisville, KY 40203
Phone: 502-584-2480
Web Address: www.svdplou.org
Also known as:St. Vincent de Paul Society
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Better Business Bureau Comments

Year, State Incorporated: 1953, Kentucky
Affiliates: None
Stated Purpose: St. Vincent de Paul | Louisville, a lay Catholic organization, serves individuals and families in need including those who are homeless, living in poverty, suffering from addiction, enduring mental illness or experiencing acute economic crisis. Through the availability of a full continuum of care including food, shelter, affordable housing, counseling, skill development, rent and utility assistance, St. Vincent de Paul reaches out to those most at risk...regardless of background or faith...with the goal of lifting each person to a life of personal and economic independence.

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Evaluation Conclusions

               

Society of St. Vincent de Paul meets the 20 Standards for Charity Accountability.
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Programs

               

Every night over 200 men, women and children are provided shelter through our six housing programs and over 275 people eat in our community Open Hand Kitchen every day. Our six housing programs include the Ozanam Inn shelter for homeless men, De Paul Apartments for homeless women & children, Roberts Hall for disabled women, Simon Hall for disabled men, Tranquil House for mentally ill adults and St. Jude Women’s Recovery Center for homeless women suffering from addiction. Our clients are supported by a professional case management staff to secure a successful transition from homelessness to self-sufficiency. In addition to our downtown campus, 47 conferences throughout Louisville, Central Kentucky and Southern Indiana provide financial support for rent, utilities and food costs to neighbors in need.

For the fiscal year ended September 30, 2008, Society of St. Vincent de Paul's program expenses were:

  
de Paul Stores 856,757
Open Hand Kitchen 405,379
St. Jude Women's Recovery 360,149
Ozanam Inn 317,346
Conference Affairs/Support Services 195,543
CH2 147,187
Roberts Hall` 140,857
de Paul Apartments 86,732
Tranquil House 82,371
PSHCH 79,340
Follow-Up Program 75,959
CH2 JR 53,856
Simon Hall 45,628
Katrina Resettlement 9,736
Storage and maintenance 8,127
CH1 598
Total Program Expenses: $2,865,565
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Governance

               

Chief Executive : Ed Wnorowski, Executive Director
Compensation*:

Chair of the Board: David Higgins
Chair's Profession / Business Affiliation: Brown-Forman (retired)

Co-Chair of the Board : John Poole

Chair's Profession / Business Affiliation: Todd-Veredus Asset Management

Board Size: 24

Paid Staff Size: 69

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Fund Raising

               

Method(s) Used:

Fund raising methods include direct mail, invitations to fund raising events, grant proposals, internet, and planned giving arrangements
Fund raising costs were 14% of related contributions. (Related contributions, which totaled $2,107,769, 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 Society of St. Vincent de Paul's audited financial statements for the fiscal year ended September 30, 2008.

Source of Funds  
Contributions & Bequests 1,139,356
Store Sales 916,313
Grants 846,059
Program Fees 331,818
Special Events 105,191
Investment Income 98,174
Miscellaneous 48,640
Realized Gains 17,842
Donated Vehicles 17,163
Unrealized Gains -367,029
Total Income $3,153,527


chart



Uses of Funds as a % of Total Expenses

Programs: 80%  Fund Raising: 8%  Administrative: 12% 

Total income   $3,153,527
  Program expenses $2,865,565
  Fund raising expenses 285,961
  Administrative expenses 441,069
 
Total expenses   $3,592,595
Expenses in Excess of Income   (439,068)
Beginning net assets   7,149,952
Other Changes in Net Assets (4,323)
Ending net assets   6,706,561
Total liabilities   1,473,390
Total assets   $8,179,951


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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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