
Homes First
Toronto, ON M5B 2K6
Executive Director: Patricia Mueller
Board Chair: Jeremy Roach
Website: www.homesfirst.on.ca
Charitable Reg. #: 11896 2182 RR0001
Charity Rating
Donor Accountability
Grade: B+
The grade is based on the charity's public reporting of the work it does and the results it achieves.Financial Transparency



Need for Funding



Spending Breakdown
Cents to The Cause
♦ | ♦ | ♦ | |
95¢ | |||
75¢ | |||
avg | |||
65¢ | |||
50¢ | |||
2013 | 2014 | 2015 |
Full-time staff #47
Avg. Compensation $67,411
Top 10 Staff Salary Range
$350k + | 0 |
$300k - $350k | 0 |
$250k - $300k | 0 |
$200k - $250k | 0 |
$160k - $200k | 0 |
$120k - $160k | 0 |
$80k - $120k | 1 |
$40k - $80k | 9 |
< $40k | 0 |
About Homes First :
Founded in 1983, Homes First provides housing and support services aimed at breaking the cycle of homelessness for Toronto's most vulnerable. Taking a housing-first approach, Homes First believes addiction and mental health can't be effectively treated with a person living on the streets. Homes First is one of Toronto's largest social housing providers. Homes First helps the homeless through providing both emergency temporary shelters and supportive long-term housing for the chronically homeless. In F2015, Homes First provided emergency shelter for a total of 60,800 nights, helped 351 people in supportive housing, served 141,344 meals and supported 23 patients from the Centre for Addiction and Mental Health.
Financial Review:
The financial summary is based on the consolidated financial statements of Homes First Society and Homes First Foundation.
In F2015, Homes First spent 10% of revenues on administrative costs and 16% of donations on fundraising costs. Total overhead costs of 26% fall within Ci's reasonable range.
As of F2015, Homes First Society and Homes First Foundation had cash and investments of $3.9m and mortgage debt of $11.7m. Overall, the charity has a negative funding reserve of ($7.7m).
Analysis updated by Ruoxi Gao in 2016, currently under review by Homes First.
Financial RatiosFiscal year ending December |
2015 | 2014 | 2013 |
---|---|---|---|
Administrative costs as % of revenues | 10.4% | 10.6% | 12.1% |
Fundraising costs as % of donations | 15.5% | 7.6% | 3.9% |
Program cost coverage (%) | (111.9%) | (139.8%) | (149.3%) |
Summary Financial StatementsAll figures in $000s |
2015 | 2014 | 2013 |
---|---|---|---|
Donations | 1,189 | 1,174 | 1,378 |
Government funding | 7,486 | 7,035 | 7,166 |
Fees for service | 116 | 116 | 116 |
Business activities (net) | 1,156 | 1,097 | 1,086 |
Investment income | 1 | 1 | 1 |
Other income | 126 | 58 | 103 |
Total revenues | 10,074 | 9,481 | 9,850 |
Program costs | 6,897 | 6,499 | 6,604 |
Administrative costs | 1,051 | 1,003 | 1,191 |
Fundraising costs | 184 | 90 | 54 |
Other costs | 1,412 | 1,444 | 1,478 |
Cash flow from operations | 530 | 446 | 523 |
Funding reserves | (7,715) | (9,083) | (9,857) |
Comments added by the Charity:
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