Toronto Grace Health Centre

47 Austin Terrace
Toronto, ON M5R 1Y8
CEO: Marilyn Rook
Board Chair: Neil Watt

Charitable Reg. #:11913 5150 RR0001

STAR RATING

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✔+

FINANCIAL TRANSPARENCY

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

A

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.

100%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 100 cents are available for programs.



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Programs

About Toronto Grace Health Centre:

Toronto Grace Health Centre (TGHC) is a 119-bed hospital located in the heart of downtown Toronto and is owned and operated by The Salvation Army. The Toronto Grace provides medically complex and specialized care and services to those individuals who require Complex Continuing Care, Post-Acute Care Rehabilitation and Palliative Care. The care and services provided at the Toronto Grace help facilitate the patient flow through the health care system and ensure recovery to those individuals who may return to their homes or to Long Term Care (LTC) facilities in their communities.

A major renovation plan that will see infrastructure upgrades to the 650 Church Street facility is currently the major fundraising focus. The upgrade will ensure a safe home for patients and their families as well as the staff that serve them.  TGHC received a $1m gift in the form of a challenge grant from the W. Garfield Weston Foundation for the renovation in 2014.

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Finances

Administrative costs are 0.1% of total revenue and the charity does not report fundraising costs. In F2014, TGHC had funding reserves of $1.3m which cover only 6% of annual program costs. In F2014, 85% of the total revenues were generated in the form of funding from the provincial government. Donations and bequests formed a small (0.5%) portion of total revenues.

Updated on May 26, 2015 by Rohan Bhargava

This report is old and we are not seeing much donor interest necessitating an update. If you are a donor and would like to see an update, please contact us at Charity Intelligence.

Financial Review


Financial Ratios

Fiscal year ending March
20142013
Administrative costs as % of revenues 0.1%0.1%
Program cost coverage (%) 6.3%8.8%

Summary Financial Statements

All figures in $000s
20142013
Donations 96131
Government funding 18,01517,991
Fees for service 8981,053
Business activities (net) 652697
Investment income 260266
Other income 581298
Total revenues 20,50220,436
Program costs 19,96519,860
Administrative costs 2021
Cash flow from operations 517554
Funding reserves 1,2601,747

Salary Information

Full-time staff: 136

Avg. Compensation $82,090

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
1
$160k - $200k
0
$120k - $160k
2
$80k - $120k
7
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2014

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Comments & Contact

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Charity Contact

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

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