885, 105 – 12 Avenue SE
Calgary, AB T2G 1A1
President: Bryan Romanesky
Acting CEO: Martina Jileckova

Charitable Reg. #:12196 3573 RR0001


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

[Charity Rating: 5/5]



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



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



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


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



For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 97 cents are available for programs.

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About Horizon Housing Society:

Horizon Housing Society is a top-rated 5-star charity. It has a high results reporting grade and negative funding reserves. The charity is financially transparent and has low reported overhead costs outside of Ci's reasonable range.

Founded in 1976, Horizon Housing Society (HHS) provides affordable and supportive housing to Calgarians with special needs. HHS serves low-income people struggling with mental health challenges, disabilities, addiction, homelessness, and domestic violence. The charity owns and operates 900 units and nine group homes across the city. HHS collaborates with other charities that refer tenants and provide required support servicesHHS uses an integrated model where people with different special needs live alongside each other. This reduces the stigma associated with particular group and promotes a sense of community among tenants.  

Horizon Housing Society offers long-term housing solutions. In F2020, the average tenancy was 6.7 years. The average rent for a one-bedroom apartment at HHS is $579, which is 54% lower than the average market rent for a one-bedroom in Calgary. In F2020, Horizon Housing Society had 1,142 residents with 486 new tenants referred during the year. Adults made up 73% of tenants, 17% were children, and 10% were seniors.

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Results and Impact

Horizon Housing Society provides housing for individuals who may otherwise be homeless. In F2020, the charity housed 1,142 residents, including 486 new residents.

While Ci highlights these key results, they may not be a complete representation of Horizon Housing Society's results and impact.

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Horizon Housing Society received $16.8m in donations in F2021, accounting for 74% of total revenue. Administrative costs are 3% of revenues (excluding investment income) and reported fundraising costs are 0.1% of donations in F2021. For every dollar donated, 97 cents go to HHS's programs, which is outside Ci's reasonable range for overhead spending. 

Funding reserves are negative due to total debt of $30m in mortgages related to HHS's properties. 

This charity report is an update that was sent to HHS for review. Changes and edits may be forthcoming. 

Updated on August 12, 2022 by Lin Zhu. 

Financial Review

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 3.0%4.4%1.5%
Fundraising costs as % of donations 0.1%0.7%0.4%
Total overhead spending 3.1%5.1%1.9%
Program cost coverage (%) (437.6%)(277.9%)(270.2%)

Summary Financial Statements

All figures in $000s
Donations 16,8313,06112,653
Government funding 6472,467680
Fees for service 4,7904,2203,020
Business activities (net) 0680
Investment income 78266154
Other income 471493352
Total revenues 22,81710,57516,859
Program costs 4,0643,1813,022
Administrative costs 679454251
Fundraising costs 202246
Other costs 189573339
Total spending 4,9534,2303,658
Cash flow from operations 17,8656,34513,201
Capital spending 26,7787,94410,143
Funding reserves (17,787)(8,842)(8,167)

Note: This review does not consolidate financial statements from Horizon West Housing Society (HWHS) with Horizon Housing Society, though the two distinct non-profits have the same board of directors. HWHS is not a registered charity in Canada. Ci included interest expenses and bad debt expenses in Other costs.

Salary Information

Full-time staff: 23

Avg. compensation: $84,484

Top 10 staff salary range:

$350k +
$300k - $350k
$250k - $300k
$200k - $250k
$160k - $200k
$120k - $160k
$80k - $120k
$40k - $80k
< $40k

Information from most recent CRA Charities Directorate filings for F2021

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.horizonhousing.ab.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: (403) 297-1746


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Charitable Registration Number: 80340 7956 RR0001