Better Business Bureau Report for
The Daily Planet

Better Business Bureau Report issued July 2012
Better Business Bureau Report expires May 2014


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


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Charity Contact Information

Name: The Daily Planet
Address: 517 W Grace St.
  Richmond, VA 23220
Phone: 804-783-2505
Web Address: www.dailyplanetva.org
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Better Business Bureau Comments

Year, State Incorporated: 1978, Virginia
Affiliates: None
Stated Purpose: Our mission is to provide accessible, comprehensive, integrated quality healthcare services to those who are homeless or at risk of homelessness. We envision a community where ALL are empowered to live healthy, enriched and stable lives.

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Evaluation Conclusions

              

The Daily Planet meets the 20 Standards for Charity Accountability.
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Programs

              

The Daily Planet offers a holistic approach to our programs by addressing the total wellness of each man, woman and child seeking our help. The Daily Planet provides essential programs for those who are homeless and uninsured individuals in the Central Virginia region. The Daily Planet’s Healthcare Center provides primary medical care, behavioral health, dental care and eye care as well as a medical respite facility for homeless individuals. It is the only freestanding health center in the Central Virginia area that serves the homeless and underprivileged on a non-emergency basis regardless of one’s ability to pay. Daily Planet also provides services to support daily life for individuals who are homeless: laundry and shower facilities, mail access, and escrow banking. The Daily Planet has two specialized residential programs, including Safe Haven for individuals with chronic mental illness coupled with homelessness and a Medical Respite Program offering 30 days for homeless individuals to fully recuperate after a medical situation that required hospital care. Safe Haven and Medical Respite are unique programs for the region providing services that are unavailable in other settings for the homeless.

For the fiscal year ended June 30, 2011, The Daily Planet's program expenses were:

  
Public health 2,918,818
Safe Haven 386,325
Medical Respite 288,342
Collaborative treatment 169,597
Total Program Expenses: $3,763,082
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Governance

              

Chief Executive : Peter Prizzio, Chief Executive Officer
Compensation*: 
$272,129

Chair of the Board: George Welch
Chair's Profession / Business Affiliation: Director Communications Services, Universal Corporation

Board Size: 18

Paid Staff Size: 78

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

              

Method(s) Used:

direct mail, invitations to fund raising events, grant proposals, internet
Fund raising costs were 4% of related contributions. (Related contributions, which totaled $3,100,807, 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 Daily Planet's audited financial statements for the fiscal year ended June 30, 2011.

Source of Funds  
Federal government grants 2,197,925
other revenue 1,331,722
Other grants 327,678
contributions 316,526
United Way 191,355
in-kind contributions 67,323
Total Income $4,432,529


chart



Uses of Funds as a % of Total Expenses

Programs: 86%  Fund Raising: 3%  Administrative: 11% 

Total income $4,432,529
Program expenses $3,763,082
Fund raising expenses 123,298
Administrative expenses 500,465
Total expenses $4,386,845
Income in Excess of Expenses 45,684
Beginning net assets 3,457,415
Ending net assets 3,503,099
Total liabilities 674,955
Total assets $4,178,054


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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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