Calgary Homeless Foundation

Suite 1500, 615 Macleod Trail SE
Calgary, AB T2G4T8
President & CEO: Diana Krecsy
Board Chair: Gerald Chipeur

Charitable Reg. #:88084 6829 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 4/4]

✔+

FINANCIAL TRANSPARENCY

Audited financial statements for current and previous years available on the charity’s website.

A-

RESULTS REPORTING

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

Good

DEMONSTRATED IMPACT

The demonstrated impact per dollar Ci calculates from available program information.

NEED FOR FUNDING

Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.

90%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 90 cents are available for programs.



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Programs

About Calgary Homeless Foundation:

Founded in 1988, Calgary Homeless Foundation (CHF) creates a unified front to reduce homelessness in Calgary. The foundation funds agencies that support the homeless, conducts research on homelessness to inform program funding, advocates for policies that reduce poverty, and engages the community in the cause. In 2008, the Calgary Committee to End Homelessness selected CHF to implement Calgary's 10-Year Plan to End Homelessness, which concluded in F2018. The plan focuses on the Housing First model, which quickly moves homeless people into appropriate housing where they can work on the issues that contributed to their homelessness. 

In F2019, CHF funded 23 agencies operating 59 programs thadeal with homelessness. Programs funded by the foundation provided 2,275 supportive housing spaces to people in needThis year the foundation helped 823 new residents. Of these new residents, 187 were families, 57 were youth, and 579 were singles. 

Calgary Homeless Foundation conducts research on homelessness that affects programming and policy. In 2008, CHF created the Homeless Management Information System (HMIS) to track metrics that provide insights into the status of homelessness in Calgary. When a person is admitted into a shelter or home in any participating agencytheir age, health status, employment status and housing status are entered into the system. In F201923 agencies and 59 programs were sharing data on HMIS, and the charity reports that the system is now regarded as one of the best of its kind in the world. 

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Results and Impact

Ci highlights the following results and impact resulting from Calgary Homeless Foundation’s work. As the charity marks the conclusion of Calgary's 10-Year Plan to End Homelessness, CHF reports a 32% decrease in homelessness in Calgary (per capita) since January 2008. The plan included almost 600 new units of housing and housed almost 10,000 people, as well as CHF & partner agencies creating more than 2,275 new Housing First program spaces. In a CHF Study, researchers concluded that every $1 spent on Housing First is associated with $1.16 - $2.86 of savings to taxpayer funded services. In addition, the charity reports a reduction in public systems usage reduction (e.g., hospital, EMS, police, court, jail) by 41% in 2019.  

Impact Rating: Good

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Finances

Calgary Homeless Foundation is a Major 100 charity, receiving $19.8m in donations in F2019. The charity also received $41.6m in government funding. Administrative costs are 9% of revenues (excluding investment income), and fundraising costs are reported as 1% of donations. However, CHF’s 2019 T3010 filing with the CRA was not available at the time of profile update, thus fundraising costs are likely underreported for F2019. For every dollar donated, 90 cents go to the cause. This is within Ci’s reasonable range for overhead spending. CHF has funding reserves of $21.7m, which can cover program costs for four months.  

This report is an update that was sent to Calgary Homeless Foundation for review. Changes and edits may be forthcoming. 

Updated July 22, 2019 by Caroline McKenna.

Financial Review


Financial Ratios

Fiscal year ending March
201920182017
Administrative costs as % of revenues 9.5%8.8%8.8%
Fundraising costs as % of donations 0.6%3.5%3.2%
Program cost coverage (%) 38.1%38.7%34.2%

Summary Financial Statements

All figures in $000s
201920182017
Donations 19,83921,88220,305
Government funding 41,62940,42937,947
Business activities (net) 001,518
Special events 135900
Investment income 373225138
Total revenues 61,97662,62659,908
Program costs 001,002
Grants 56,84955,67849,456
Administrative costs 5,8205,4975,227
Fundraising costs 114778645
Cash flow from operations (808)6733,578
Funding reserves 21,66821,52617,234

Note: The charity’s audited financials do not break out general donations and government grants. Ci gathered government funding totals from the charity’s T3010 filings and removed these amounts from donations. CHF’s 2019 T3010 filing with the CRA was not available at the time of update. Therefore, fundraising costs could not be broken out, and this analysis likely underreports fundraising costs in F2019.  

Salary Information

Full-time staff: 39

Avg. Compensation $86,715

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
1
$160k - $200k
0
$120k - $160k
3
$80k - $120k
6
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2018

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Comments & Contact

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Charity Contact

Website: www.calgaryhomeless.com
This email address is being protected from spambots. You need JavaScript enabled to view it.

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