Calgary Homeless Foundation

308 – 925 7th Avenue SW
Calgary, AB T2P 1A5
President & CEO: Diana Krecsy
Board Chair: Cameron Bailey

Website: www.calgaryhomeless.com
Charitable Reg. #: 88084 6829 RR0001

Sector: Social Services - Homeless

Public Foundation

Charity Rating

[Charity Rating: 4/4]

Results Reporting

Grade: A+

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [Audited financial statement for most recent year]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to the Cause

♦	♦	♦
			95¢



			75¢
			avg
			65¢


			50¢

2014	2015	2016

For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Impact Rating: Good

•

Full-time staff #57

Avg. Compensation $66,047

Top 10 Staff Salary Range

$350k +	0
$300k - $350k	0
$250k - $300k	0
$200k - $250k	0
$160k - $200k	1
$120k - $160k	4
$80k - $120k	5
$40k - $80k	0
< $40k	0

Information from most recent CRA Charities Directorate filings for F2016

About Calgary Homeless Foundation:

Founded in 1998, Calgary Homeless Foundation (CHF) creates a unified front to reduce homelessness in Calgary. In 2008, the Calgary Committee to End Homelessness selected CHF to implement Calgary's 10-Year Plan to End Homelessness. CHF works in partnership with homeless-serving agencies, the private sector, the government and various community partners in Calgary. The plan focuses on the Housing First method, which quickly moves people experiencing homelessness into appropriate housing where they can work on the issues that contributed to homelessness. Since 2008, CHF reports homelessness has decreased by 11% in Calgary despite a population growth of 217,000 between 2009 and 2013.

CHF supports programs through grants to local agencies running prevention and re-housing programs in Calgary. In 2016, CHF funded 24 agencies and 35 programs that completed 1,309 needs assessments. Programs funded by the foundation provided 2,043 housing spaces of which 324 spaces were given to families, 151 spaces to youth, and 1,568 to singles.

By creating the Homeless Management Information System (HMIS), CHF employs data to track metrics and gain insights on the status of homelessness in Calgary. When a person is admitted into a shelter or home in any participating organization in Calgary, data regarding their age, health status, employment status and housing status is inputted into the system. Information is continuously updated and follow-up assessments are done every three months. In some programs, exit and post-exit assessments are completed. CHF staff use this data to allocate funds where they are most needed. The data is also shared with external researchers as part of CHF’s data sharing initiative.

Financial Review:

Calgary Homeless Foundation is a Major-100 charity with donations of $23.1m in F2016. In addition to this, CHF received $45m in funding from the Alberta and federal government. Administrative costs are 6% of total revenue, while fundraising costs are 5% of donations. As such, for every $1 donated, 89 cents go towards the cause. This falls within Charity Intelligence’s reasonable range of overhead spending. With funding reserves of $29.6m, CHF can cover 58% of annual program costs (this is inclusive of $4m in donor-endowed funds in F2016).

This report is an update that is currently being reviewed by Calgary Homeless Foundation. Changes and edits may be forthcoming.

Updated May 26, 2017 by Juliana Badovinac

Financial Ratios Fiscal year ending March	2016	2015	2014
Administrative costs as % of revenues	6.4%	8.1%	10.8%
Fundraising costs as % of donations	5.0%	8.7%	8.4%
Program cost coverage (%)	58.2%	43.7%	63.8%

Summary Financial Statements All figures in $000s	2016	2015	2014
Donations	23,101	12,673	8,181
Goods in kind	124	0	0
Government funding	45,032	54,490	38,732
Fees for service	74	0	0
Business activities (net)	2,692	2,621	2,511
Special events	57	201	193
Investment income	175	293	338
Total revenues	71,254	70,279	49,954
Program costs	1,823	1,104	1,540
Grants	49,073	52,211	34,337
Administrative costs	4,544	6,637	5,366
Fundraising costs	1,156	0	702
Cash flow from operations	14,659	0	8,010
Funding reserves	29,608	26,818	22,889

Note: Ci did not adjust revenue for the deferred contributions, as the foundation has not provided a breakdown of the deferred contributions from government and non-government. All deferred contributions are assumed to be from government. Ci included the revenue from fees for services of the RESOLVE campaign, increasing revenues by $74k in F2016 and $74k in F2015.

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