Calgary Homeless Foundation
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
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.
High
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.
80%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 80 cents are available for programs.
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OVERVIEW
About Calgary Homeless Foundation:
Calgary Homeless Foundation is a five-star financially transparent charity with a High demonstrated impact score. It has an A results reporting grade, which is above average. For every dollar donated, 80 cents are available to go to the cause. This is within Ci’s reasonable range.
Founded in 1999, Calgary Homeless Foundation (CHF) finances its network of 25 agencies involved in emergency housing, community treatment, non-market housing, and other social services. Its network serves Calgary’s homeless and at-risk population. The charity follows a collaboration maturity model and aims to centralize its agency network in its 2025 Strategic Plan. According to the charity’s Coordinated Access and Assessment agency database, 85% of Calgary’s homeless population suffer from poor mental health, 89% struggle with substance abuse, 91% face debilitating physical health conditions, and 74% suffer from all of these issues. The charity’s only program is financial support it provides to its agency network. CHF spent $69.1m on agency support in the fiscal year ending March 2024 (F2024).
A Charity Intelligence 2024 Top 100 Rated Charity.
Grants to agencies was 100% of the CHF’s program spending. In F2024, the charity spent $69.1m on grants and costs associated with granting. These grants were provided to 25 agencies. Its agencies reported on how its clients transition in, between, and out various shelters/programs. According to the charity, 1,229 people (1,076 in F2023) exited a supportive housing program in F2024. Of these, 588 were diverted to other programs, 279 were transferred to preventative programs, and 362 found independent housing. The charity also reported moving 728 people into supportive housing in F2024 (777 in F2023) with the following demographic breakdown: 157 youths, 104 families, and 467 adults.
The charity’s network provided 203,581 essential consumer products (31,209 handwarmers, 30,142 snacks, 15,158 water bottles, 24,350 first aid kits, and 11,621 pairs of socks) in F2024. CHF also funded six warming centres which saw 26,796 visits by 2,296 unique individuals. The charity’s network also provided 1,296 people emergency transportation to shelters and carried out 2,823 of these transports in F2024.
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Results and Impact
In F2024, CHF's network moved 728 people move into supportive housing and helped 362 people achieve independent housing in F2024. Calgary Homeless Foundation also reported housing almost 10,000 people and building 600 permanent housing units at the end of its 2008-2018 ten-year plan.
CHF's network also provided emergency shelter transportation to 1,296 unique individuals who would not have otherwise been able to access a shelter. Since it ran 2,923 transport missions, each person was transported around two times across F2024.
Calgary Homeless Foundation’s network saw 26,796 warming centre visits in its six warming centres which served 2,296 unique individuals. This means that each person visited a warming centre around 11 times in F2024.
While Ci highlights these key results, they may not be a complete representation of Calgary Homeless Foundation's total results and impact.
Charity Intelligence has given Calgary Homeless Foundation a High impact rating based on demonstrated impact per dollar spent.
Impact Rating: High
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Finances
In F2024, Calgary Homeless Foundation received $1.6m in donations compared to $1.4m in F2023. 95% of the charity’s revenue is from $63.2m in government grants ($21.6m Federal and $41.6m Provincial grants). Administrative costs are 9% of revenues and fundraising costs are 10% of donations, resulting in 20% total overhead spending when accounting for rounding. This means that for every dollar donated, 80 cents are available to go to the cause. This is within Ci’s reasonable range.
In F2024, the charity spent $69.1m on its programs (grants to its agency network). CHF’s F2024 T3010 filing with the CRA has not been released at the time of this update, so Ci was unable to determine F2024 non-grant program costs. Ci will have the opportunity to update this information when the T3010 filings are updated. The charity also had a cash deficit of $9.0m in F2024.
At the end of F2024, Calgary Homeless Foundation had $25.3m in reserve funds (cash and investments) which covers 37% or slightly over four months of its annual program spending.
Profile updated by Julian Dranitsaris on July 18, 2024. Comments and corrections may be forthcoming.
Financial Review
Fiscal year ending March
|
2024 | 2023 | 2022 |
|---|---|---|---|
| Administrative costs as % of revenues | 9.2% | 8.0% | 7.2% |
| Fundraising costs as % of donations | 10.3% | 5.7% | 2.7% |
| Total overhead spending | 19.5% | 13.8% | 9.9% |
| Program cost coverage (%) | 36.6% | 61.8% | 31.2% |
Summary Financial StatementsAll figures in $000s |
2024 | 2023 | 2022 |
|---|---|---|---|
| Donations | 1,630 | 1,412 | 2,771 |
| Government funding | 63,168 | 65,666 | 69,371 |
| Other income | 1,632 | 1,091 | 150 |
| Total revenues | 66,430 | 68,168 | 72,293 |
| Program costs | 0 | 4,271 | 3,200 |
| Grants | 69,097 | 47,910 | 67,945 |
| Administrative costs | 6,121 | 5,460 | 5,221 |
| Fundraising costs | 168 | 81 | 74 |
| Total spending | 75,386 | 57,722 | 76,439 |
| Cash flow from operations | (8,956) | 10,446 | (4,147) |
| Capital spending | 16 | 199 | 39 |
| Funding reserves | 25,290 | 32,227 | 22,169 |
Note: 1. ADJUSTMENT FOR DEFERRED GOVERNMENT GRANTS: Calgary Homeless Foundation uses deferred accounting. To show donors financial information on a cash basis, Ci adjusted government funding for changes in deferred contributions. This affected revenues by ($42k), ($161k), and ($154k) in F2024, F2023, and F2022 respectively. 2. GRANTS PAYABLE: Ci also adjusted expenses for changes in grants payable. This affected expenses by ($nil), ($691k), and $65k in F2024, F2023, and F2022 respectively. 3. PROGRAM COSTS: Since the charity’s audited financials do not separate program costs into grants and cash used in operations, Ci used the charity’s T3010 filings from the CRA to report non-grant program costs when available.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
1 |
$160k - $200k |
2 |
$120k - $160k |
4 |
$80k - $120k |
3 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
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Comments & Contact
Comments added by the Charity:
This comment was added on August 26, 2023:
Calgary Homeless Foundation’s F2023 financial statements report at a level that provides transparency by breaking out government grants general donations and fundraising expenses. Additionally, they clearly report what funds are distributed as program costs. Prior to F2023, Calgary Homeless Foundation’s audited financials did not break out general donations and government grants. Ci previously gathered government funding from the charity’s T3010 filing and its annual report and removed these amounts from donations. At the time of writing this report, Calgary Homeless Foundation’s T3010 filing for F2023 was not yet available. Calgary Homeless Foundation’s program costs are disbursed through grants. To reflect this, Ci adjusted for changes in grants payable affecting expenses by ($691k) in F2023, $64k in F2022, and ($124k) in F2021 in its prior period reporting.
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 403-237-6456