616 Powell Street
Vancouver, BC V6A 1H4
Executive Director: Greg Richmond
Board Chair: Jennifer Cudlipp

Charitable Reg. #:12711 5780 RR0001

STAR RATING

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

[Charity Rating: 3/5]

✔+

FINANCIAL TRANSPARENCY

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

B+

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.

53%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 53 cents are available for programs.



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OVERVIEW

About RainCity Housing:

Founded in 1982, RainCity Housing (RainCity) provides housing and supports for marginalized people who face mental health and substance use issues. The charity currently operates over 25 programs in the Lower Mainland Region of British Columbia and provides housing and support to over 2,000 people each year. RainCity’s programs fall into four main areas: transitional and long-term housing, year-round and seasonal shelters, outreach teams, and Indigenous and peer services.

The charity does not provide a dollar breakdown on program spending but reports that Transitional and Long-Term Housing Programs accounted for 60% of total spending in F2020. In 2019, RainCity opened four new modular housing buildings that welcomed 174 people. RainCity reports that, in total, its Transitional and Long-Term Housing Program provided shelter for 1,089 people in F2020.

The charity allocated 12% of total spending to Year-Round and Seasonal Shelters in F2020. RainCity reports that over 900 individuals received emergency shelter, three meals a day, and referral housing in F2020.

The operation of RainCity’s Outreach Teams accounted for 11% of total spending in F2020. RainCity has a variety of Outreach Teams, including its Housing LGBTQ2S+ Youth Housing Outreach Program. The charity reports that this program is the first of its kind in Canada.

The charity allocated 8% of total spending to Indigenous Cultural Services and Peer Services in F2020. RainCity offers these services at nearly all housing sites. The charity reports that its Indigenous Cultural Services and Peer Services serve several thousand individuals throughout the Lower Mainland Region and Sunshine Coast of British Columbia.

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Results and Impact

In F2020, RainCity opened four modular housing sites that provided homes for 174 people who did not have a stable and safe place to live. Each resident at the site receives one meal a day. Additionally, RainCity provided three meals a day to residents at shelters in F2020.

In 2017, McCreary Centre Society completed an external evaluation of RainCity’s LGBTQ2S+ Housing First Project. The report included a variety of statistics speaking to the results of the project. McCreary Centre Society reported that out of the 28 youth that participated in the program, ten found employment, nine no longer have problematic substance use, 90% created community and friendships, and 100% experienced an improved housing situation.

While Ci highlights these key results, they may not be a complete representation of RainCity’s results and impact. This charity is not yet rated on impact (n/r).

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Finances

RainCity is a small-sized charity in terms of donations, with $289k in F2020. The charity received $31.2m in government funding, representing 89% of total revenues. Additionally, RainCity received $3.3m in rent revenue from its clients in F2020. Administrative costs are 9% of total revenues (less investment income) and fundraising costs are 38% of donations. This results in total overhead spending of 47%.  For every dollar donated, 53 cents go to the cause, which falls well outside Ci’s reasonable range for overhead spending. This is a significant decrease from F2019, in which 62 cents of every dollar went to the cause.

RainCity has ($25.8m) in funding reserves, due to the possession of $33.3m in short-term and long-term debt. Excluding debt, the charity could cover 24% or just under three months of annual program costs with reserves.

Charity Intelligence has sent this update to RainCity for review. Changes and edits may be forthcoming.

Updated on June 3, 2021 by Sydney Olexa.

Financial Review


Financial Ratios

Fiscal year ending March
202020192018
Administrative costs as % of revenues 9.4%8.9%6.8%
Fundraising costs as % of donations 37.8%28.7%34.6%
Total overhead spending 47.2%37.6%41.5%
Program cost coverage (%) (84.2%)(108.6%)(128.9%)

Summary Financial Statements

All figures in $000s
202020192018
Donations 289367403
Government funding 31,24725,99322,725
Fees for service 3,2992,6152,412
Investment income 243169162
Total revenues 35,07829,14325,701
Program costs 30,66025,86722,775
Administrative costs 3,2812,5881,746
Fundraising costs 109105139
Total spending 34,05028,56024,661
Cash flow from operations 1,0295831,040
Capital spending 35975297
Funding reserves (25,824)(28,089)(29,366)

Note: Ci did not include deferred capital contributions, decreasing total revenues by $972k in F2020, $976k in F2019 and $968k in F2018. Ci reports on a cash basis and thus adjusted for deferred donations, increasing total donations by $119k in F2020, $103k in F2019, $166k in F2018. The net effect of these adjustments on total revenues was ($853k) in F2020, ($976k) in F2019, and ($801k) in F2018. Ci adjusted administrative costs and fundraising costs to match the charity's T3010A filing with the CRA. 

Salary Information

Full-time staff: 175

Avg. compensation: $101,527

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
3
$80k - $120k
7
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2020

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Comments & Contact

Comments added by the Charity:

Charity Contact

Website: www.raincityhousing.org
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 604.662.7023

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