Habitat for Humanity GTA

155 Bermondsey Road
Toronto, ON M4A 1X9
CEO: Ene Underwood
Board Chair: David Sauve

Website: www.torontohabitat.ca
Charitable Reg. #: 13382 4680 RR0001

Sector: Social Services

Operating Charity

Charity Rating

[Charity Rating: 4/4]

Donor Accountability

Grade: A+

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

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #137

Avg. Compensation $30,090

Top 10 Staff Salary Range

$350k +	0
$300k - $350k	0
$250k - $300k	0
$200k - $250k	0
$160k - $200k	0
$120k - $160k	1
$80k - $120k	5
$40k - $80k	4
< $40k	0

Information from most recent CRA Charities Directorate filings for F2014

About Habitat for Humanity GTA:

In 2014, the Habitat for Humanity affiliates of Brampton Caledon, Toronto, and York Region legally amalgamated into one new affiliate serving two-thirds of the GTA, now known as Habitat for Humanity GTA (HFHT). It mobilizes volunteers and community partners to build affordable housing for low-income families and promote homeownership as a means to breaking the cycle of poverty. Volunteers and partner families build the homes with donated materials and labour, the partner families buy the homes from HFHT with interest-free mortgages, and mortgage payments are used to fund the construction of future homes. HFHT covers its overhead expenses with the proceeds from its retail operation, the ReStore, which sells donated building supplies, home furnishing, appliances, and décor. In 2014, HFHT used over 8000 volunteers and 126k volunteer hours to complete the construction of 21 new homes. Since its founding, it has built 287 homes.

Financial Review:

Financial data for 2014 is for 9 months ending December 2014. In F2014, HFHT's fundraising costs were 26% of donations (including goods in kind) and administrative costs were 6% of revenue. The organization has negative funding reserves of ($16.2m) due to a bank loan and long-term debt of $16.5m. Excluding this, HFHT can cover 4% of its annual program costs.

Financial Ratios Fiscal year ending December	2014	2013	2012
Administrative costs as % of revenues	6.3%	6.8%	5.0%
Fundraising costs as % of donations	26.0%	20.6%	20.3%
Program cost coverage (%)	(275.1%)	(92.8%)	(87.2%)

Summary Financial Statements All figures in $000s	2014	2013	2012
Donations	4,180	4,285	3,514
Goods in kind	1,042	987	933
Government funding	1,620	0	0
Fees for service	2,746	1,949	2,414
Business activities (net)	1,322	1,197	1,510
Investment income	168	22	29
Total revenues	11,078	8,441	8,400
Program costs	7,869	13,579	4,209
Administrative costs	687	568	422
Fundraising costs	1,355	1,087	903
Cash flow from operations	1,167	(6,794)	2,866
Funding reserves	(16,236)	(12,607)	(3,670)

Note: Ci removed amortization and adjustment for deferred contributions from revenues. Ci also added the payment received from mortgage payments by HFHT to fees for services. These changes decreased revenue by $2.8m in F2014, $2.0m in F2013, and $2.5m in F2012. Ci added the cash expenditure on projects in program costs increasing expenses by $5.8m in F2014, $11.8m in F2012 and $2.7m in F2012. Ci also removed the amortization expenses from program and administrative costs.

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