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

Donor Accountability

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
201620152014
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%49.2%63.8%

Summary Financial Statements

All figures in $000s
201620152014
Donations 23,10111,6218,181
Goods in kind 1241810
Government funding 45,03254,49038,732
Fees for service 74740
Business activities (net) 2,6922,6212,511
Special events 57201193
Investment income 175293338
Total revenues 71,25469,48249,954
Program costs 1,8231,1041,540
Grants 49,07353,36234,337
Administrative costs 4,5445,5725,366
Fundraising costs 1,1561,024702
Cash flow from operations 14,6598,4218,010
Funding reserves 29,60826,81822,889
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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