36 Lombard St Suite 300
Toronto, ON M5C 2X3
CEO: Keith Hambly
Board Chair: Jawad Kassab

Charitable Reg. #:11893 1377 RR0001


Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 4/5]



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



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



The demonstrated impact per dollar Ci calculates from available program information.


Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.



For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 91 cents are available for programs.

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About Fred Victor:

Fred Victor is a 4-star rated charity. It has an above-average results reporting grade, low overhead costs, and is financially transparent.  

Founded in 1894, Fred Victor helps homeless and low-income people access housing, health care, and employment services. The charity is based in Toronto and operates over 20 sites across the city. In F2020, Fred Victor joined with Toronto Christian Resource Centre (CRC) and obtained the 40 Oaks Housing Community. This unit provides affordable housing for 100 tenants. 

The charity operates four main programs: Housing, Health, Income, and Ending Homelessness. The charity does not disclose how much it spent on each program in F2023.  

Fred Victor’s Housing program helps people secure affordable permanent and transitional housing. The charity also runs two emergency shelters for people to stay in while they find more long-term housing. In F2023, Fred Victor provided 2,370 people with shelter, food, and support through its shelters. Another 580 people received safe and permanent housing. In F2023, the charity opened a new permanent housing site in Scarborough with 22 apartments. 

The charity also operates a Health program. Fred Victor works to address substance abuse, mental health challenges, physical injuries, food insecurity, and social isolation. In F2023, Fred Victor served 225,997 community meals. It supported 1,297 people with mental health and/or addiction. The charity also had 35,019 visits to its safe consumption sites. 

Fred Victor's Income program includes Employment & Training, Friends Catering, Keep Cool, and a Women's Bakery program. These projects train and hire homeless people to help them become financially stable. In F2023, the charity hosted 4,258 Employment & Training meetings. It helped 120 clients become certified in Community and Social Services Careers. Another 24 women completed the charity's Bakery program. Finally, Fred Victor operated 15 Cooling Centres during the summer.  

Through the charity's Ending Homelessness program, Fred Victor works to prevent people from becoming homeless. The charity works towards the goal of zero homelessness by 2025. In F2023, Fred Victor supported 51 people to prevent them from losing their housing.

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Results and Impact

In F2023, Fred Victor helped 263 people secure housing. The charity also helped move 174 people from transitional housing into permanent housing. It helped move an additional 176 people out of shelters and into permanent housing.  

Fred Victor’s supervised injection site and health staff reversed 460 overdoses in F2023. Additionally, the charity reports that it helped divert 652 people from the criminal justice system to mental health services.  

In F2023, 175 people found work or started formal education after accessing Employment and Training Services. The charity states that 85% of its clients achieved income stability. 

While Ci highlights these key results, they may not be a complete representation of Fred Victor's results and impact. Fred Victor is not yet rated on impact (n/r).

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Fred Victor received $5.4m in donations in F2023. The charity also received $38.1m in government funding, representing 80% of total revenues. Administrative costs are 6% of revenues (excluding investment income), and fundraising costs are 2% of donations. This means overhead costs are 9%. For every dollar donated, 91 cents go to the cause. This is within Ci’s reasonable range for overhead spending. 

Overhead ratios are likely understated due to a lack of transparency in cost breakdowns for common expenses like salaries, rent, and benefits. Additionally, Ci could not use the figures reported in Fred Victor’s T3010 filing with the CRA since expenses do not reconcile with the charity’s audited financial statements and F2023 CRA data for Fred Victor was not available at the time of this update. 

­­Fred Victor has gross funding reserves of $27.6m which can cover around eight months of annual program costs. Its interest-bearing debts are $11.4m (held in mortgages). Including these debts, Fred Victor has net funding reserves of $16.3m which can cover around five months of annual program costs. 

Ci has sent this charity update to Fred Victor for review. Changes and edits may be forthcoming. 

Updated on July 11, 2023, by Clive Stevens.

Financial Review

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 6.5%5.9%6.0%
Fundraising costs as % of donations 2.2%1.2%1.5%
Total overhead spending 8.8%7.1%7.5%
Program cost coverage (%) 38.3%13.6%4.5%

Summary Financial Statements

All figures in $000s
Donations 5,3815,1144,608
Government funding 37,51335,81733,535
Fees for service 1395677
Business activities (net) 3,1672,9833,066
Investment income 61620100
Other income 283682569
Total revenues 47,09944,67341,955
Program costs 42,44140,28138,341
Administrative costs 3,0372,6392,518
Fundraising costs 1206070
Other costs 439499532
Total spending 46,03643,47941,460
Cash flow from operations 1,0631,194495
Capital spending 11,234607694
Funding reserves 16,2675,4831,730

Note: To report on a cash basis, Ci adjusted donations by changes in deferred revenue from non-government sources. This affected revenue by $446k in F2023, ($39k) in F2022, and $115k in F2021. Ci also adjusted donations by changes in deferred revenue from government sources. This affected revenue by ($634k) in F2023, ($209k) in F2022, and ($580k) in F2021. In F2023, capital spending includes $11.1m of proceeds from sale of capital assets.

Salary Information

Full-time staff: 303

Avg. compensation: $84,107

Top 10 staff salary range:

$350k +
$300k - $350k
$250k - $300k
$200k - $250k
$160k - $200k
$120k - $160k
$80k - $120k
$40k - $80k
< $40k

Information from most recent CRA Charities Directorate filings for F2022

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Comments & Contact

Comments added by the Charity:

The following comment is from a previous profile. New comments may be forthcoming.

Mack slept outdoors for almost 20 years… on heating grates, in parks and doorways, on concrete slab and in ravines. Mack uses a wheelchair and he has asthma from breathing the discharge air from heating grates. Mack used to work as a painter before a back injury put him in hospital for six months.  After that, he ended up on the street. Mack grew up in Nova Scotia. He was tossed around foster homes where he suffered terrible abuse.

Fred Victor got Mack a place to live. It’s hard work making the transition from the street to a home. Says Mack in his bachelor apartment:  “I’d been used to the street for so long, I couldn’t keep an apartment.  Living outside, my main objective was to survive. Every day I woke up, I thanked the Lord, because I was alive. And I’d take it from there.” One of the best things about having a home - to sleep without fear. 

Mack is one person. There are thousands of people in similar circumstances. Donors to Fred Victor help folks like Mack get and keep a safe stable place to call home. 

Charity Contact

Website: www.fredvictor.org
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-364-8228


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Charitable Registration Number: 80340 7956 RR0001