Streetohome Foundation

Suite 103, 525 Seymour Street
Vancouver, BC V6B 3H7
President & CEO: Rob Turnbull
Board Chair: John McLernon

Charitable Reg. #: 80818 9617 RR0001
Sector: Social Services - Homeless
Operating Charity

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 available only through official request for information from Canada Revenue Agency [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #4

Avg. Compensation $92,291

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 1
$80k - $120k 1
$40k - $80k 2
< $40k 0
Information from most recent CRA Charities Directorate filings for F2011

About Streetohome Foundation:

Founded in 2010, the Streetohome Foundation is dedicated to finding solutions to homelessness in Vancouver by creating safe, decent, affordable housing for those on the streets and those at risk. Its role is to work with its community to find the resources to fund and develop supportive housing projects. It is not a housing provider; it provides funding to support organizations that do build and operate housing programs.

In F2011, Streetohome granted $197k to McLaren Housing Society (23% of total grant funding), Atira Women’s Resource Society (30%), and the Mental Health Commission of Canada (47%).

Financial Review:

The charity’s financial statements are unaudited. Fundraising costs are 24% of donations and administrative costs are 57% of revenue. The charity has funding reserves of $7.6m, which cover annual program costs 38.7 times (although, according to its website, F2012 grants have increased significantly, which will reduce its program cost coverage.) The funding reserves include $6.8m of capital funds held by the Vancouver Foundation, some of which is transferred to Streetohome annually to cover its operating costs. The donations figure reported below may be understated, as Streetohome receives donations that are sent directly to the Vancouver Foundation. The amount of these donations is not disclosed in Streetohome’s financial statements.

Financial Ratios

Fiscal year ending December
Administrative costs as % of revenues 56.5%32.4%
Fundraising costs as % of donations 24.1%15.4%
Program cost coverage (%) 3,868.1%0.0%

Summary Financial Statements

All figures in $s
Donations 798,894693,504
Investment income 777181
Total revenues 799,671693,685
Grants 196,6670
Administrative costs 451,768224,441
Fundraising costs 192,909106,520
Cash flow from operations (41,673)362,724
Funding reserves 7,607,1892,924,423
Note: The breakdown between administrative and fundraising costs is based on Ci’s best estimate, as the charity does not disclose the breakdown on its financial statements.

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