616 Powell Street
Vancouver, BC V6A 1H4
Executive Director: Mark Smith
Board Chair: Stacey Morrison

Charitable Reg. #:12711 5780 RR0001

STAR RATING

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

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FINANCIAL TRANSPARENCY

Audited financial statements available only upon request.

C+

RESULTS REPORTING

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

n/r

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.

43%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 43 cents are available for programs.

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Programs

About RainCity Housing:

RainCity Housing (RCH) provides specialized housing and support services for people living with mental illness, addictions and other challenges in Vancouver. The charity provides a variety of different programs which include emergency housing, transitional housing, women’s housing, long-term housing and outreach programs. The City of Vancouver’s Response to Homelessness report found that 3,605 people were homeless in Vancouver and surrounding areas in 2017, a 30% increase compared to 2014.

In RainCity Housing’s most recent annual report, from F2014, it states that it housed 271 people in its six full-time transitional housing units. RCH put 376 people into its six long-term housing apartments which include a kitchen, a bathroom and the supports they need to become a member of the community again. The charity’s permanent and temporary shelters gave 800 people an emergency shelter, three meals a day and a referral to more sustainable housing. RCH’s outreach teams provided 125 people with ongoing support, regular visits and advocacy services.

RainCity Housing’s undated Backgrounder and Fact Sheet reports that everyday it provides 647 people with a place to live, 370 meals to people at its shelters and meal programs, 204 people with assistance with medication administration, and over 100 people with emergency shelter and assistance with finding housing.

In December 2015, RCH opened its 3030 Gordon building which provides transitional housing for people in Coquitlam, BC. It has 30 private rooms, 20 for men and 10 for women.

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Finances

RainCity Housing is a Small charity in terms of donations with $304k in F2017, a 26% decrease compared to F2015. The charity received $20.9m in government funding, representing 88% of its total revenue. Additionally, RCH earned $2.5m in rent revenue from its clients, a 61% increase compared to F2015. Administrative costs are 8% of total revenues and fundraising costs are 49% of total donations. For every dollar donated to the charity, $0.43 goes towards its programs, which falls well outside Ci’s reasonable range for overhead spending. RainCity Housing holds negative funding reserves of $30.3m due to owing $35.0m in long-term debt.

This charity report is an update that has been sent to RainCity Housing for review. Changes and edits may be forthcoming.

Updated August 2, 2018 by Derek Houlberg.

Financial Review


Financial Ratios

Fiscal year ending March
201720162015
Administrative costs as % of revenues 7.6%9.2%9.4%
Fundraising costs as % of donations 49.0%45.7%60.0%
Program cost coverage (%) (147.6%)(187.2%)(239%)

Summary Financial Statements

All figures in $000s
201720162015
Donations 304327408
Government funding 20,89417,98213,811
Fees for service 2,4732,0101,536
Investment income 1328234
Total revenues 23,80220,40115,788
Program costs 20,56917,46014,043
Administrative costs 1,7981,8711,473
Fundraising costs 149149245
Cash flow from operations 1,28792127
Funding reserves (30,349)(32,681)(33,568)

Note: Ci did not include deferred capital contributions, decreasing total revenues by $964k in F2017, $971k in F2016 and $859k in F2015. Ci reports on a cash basis and thus adjusted for deferred donations, increasing total donations by $105k in F2017, $66k in F2016, $21k in F2015. Ci adjusted administrative costs to match the charity's T3010A filing with the CRA. 

Salary Information

Full-time staff: 121

Avg. Compensation $103,356

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
2
$80k - $120k
6
$40k - $80k
2
< $40k
0

Information from most recent CRA Charities Directorate filings for F2017

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Comments & Contact

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Charity Contact

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

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