Indwell Community Homes is a 4-star charity. It has a B Results Reporting grade, which is average. For every dollar donated to the charity, 88 cents are available to go to the cause, which is within Ci's reasonable range.

Founded in 1970, Indwell Community Homes (Indwell) is a Christian charity that creates affordable and supportive housing across southern Ontario. Indwell serves those struggling with finances, health, wellness, and belonging. The charity states these groups are at the most risk of uncertain housing situations. As of F2023, Indwell has 1,200 tenants across 1,062 households.

In F2023, Indwell spent $9.9m on its programs and $19.8m on capital expenditures (building homes).

Indwell has 27 housing buildings: 13 in Hamilton, 6 in London, 3 in Kitchener, 2 in Simcoe, 2 in Woodstock, and 1 in Peel. In F2023, Indwell opened 89 homes to 84 people. The charity has nine housing projects under construction or in pre-development, totalling over 656 units. Of its nine projects, three are in Hamilton, two are in the GTA, two are in Kitchener, and two are in London.

Indwell’s housing model has four pillars: Integrated Supports, Engaged Partnerships, Innovative Technologies, and Financial Sustainability. Integrated Supports: Indwell provides support to increase the likelihood that tenants are successful in maintaining stable housing. Supports include food security, mental health and addiction support, nursing support, and housing support. Partnerships: Indwell partners with community foundations, government officials, churches, social service organizations, hospitals, and community members to run its build and housing program. Innovative Technologies: Indwell uses new energy technology in its buildings to reduce its ecological footprint. Financial Sustainability: Indwell provides housing at a lower rate than the market average. Indwell states it charges around $500 in rent per month, compared to the Ontario median of $1,250.

Indwell states that its F2023 annual report is shorter due to the charity changing its fiscal year-end.

In F2023, Indwell Community Homes changed its year-end from August to March. F2023 financial numbers only represent seven months.

Indwell Community Homes received $7.5m in donations and special events in F2023. Indwell also received $15.6m in government funding, which is 55% of revenue. Indwell spent $9.9m on its programs, which is 35% of revenue; however, the charity also spent $19.8m (70% of revenue) on capital expenditures.

Administrative costs are 4% of revenue (excluding investment income). Fundraising costs are 7% of donations. For every dollar donated to the charity, 88 cents are available to go to the cause, which is within Ci’s reasonable range.

Indwell has -$87.7m in reserve funds, as its $90.0m in interest-bearing debt exceeds its $2.4m in cash and investments. These debts represent mortgages to support its housing units. Excluding debt, the charity's reserve funds can cover 14% or two months of annual program costs. Indwell notes that its housing facilities and capital assets have a book value of $239.7m.

This charity report is an update that has been sent to Indwell Community Homes for review. Changes and edits may be forthcoming.

Updated on June 12, 2024 by Liam Chapleau.