RainCity Housing
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
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. Updated information October 22, 2020 by Kate Bahen.
Financial Review
Fiscal year ending March
|
2017 | 2016 | 2015 |
---|---|---|---|
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 (%) | (147.5%) | (187.2%) | (239.0%) |
Summary Financial StatementsAll figures in $000s |
2017 | 2016 | 2015 |
---|---|---|---|
Donations | 304 | 327 | 408 |
Government funding | 20,894 | 17,982 | 13,811 |
Fees for service | 2,473 | 2,010 | 1,536 |
Investment income | 132 | 82 | 34 |
Total revenues | 23,802 | 20,401 | 15,788 |
Program costs | 20,569 | 17,460 | 14,043 |
Administrative costs | 1,798 | 1,871 | 1,473 |
Fundraising costs | 149 | 149 | 245 |
Cash flow from operations | 1,287 | 921 | 27 |
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
$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
Comments added by the Charity:
Charity Contact
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