Homeless Shelter - Company History
COMPANY HISTORY
After twenty years of sponsorship, Patrick House became an organization independent from the St. Patrick Society in November 2004. The annual budget for Patrick House had grown to be 250% of the entire budget for the Society. The increasing financial liability for the Society became too heavy of a burden and it was mutually agreed that the Society would be able to best operate separate from Patrick House.
The Society signed over the deed for the building the Patrick House operates from for the cost of $1. The financial result of this separation is a loss of 25% of total funding for Patrick House. Funding loss coupled with a tight environment for funding, Patrick House is surviving financially on a month to month basis. Funding and fundraising is the foremost concern for Patrick House. It was additionally agreed that Patrick House would no longer use "Patrick" to identify itself.
In the City of Denver, Patrick House is one of four...
[The entire page is 404 words long]
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