Toronto, ON M5C 1K6
Executive Director: Mark Aston
Board Chair: David R. Black
Charitable Reg. #: 11893 1377 RR0001
Grade: A-The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to The Cause
Full-time staff #321
Avg. Compensation $40,956
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||1|
|$80k - $120k||9|
|$40k - $80k||0|
About Fred Victor:
Founded in 1894, Fred Victor aims to improve the health, income and housing stability of people experiencing homelessness and poverty. The charity operates 18 different sites across Toronto offering affordable housing, transitional housing, an emergency shelter, food access, job training and counselling, health information and community services, mental health outreach and services, and specialized support services. In 2015, Fred Victor merged with Community Resource Connections of Toronto (CRCT). CRCT has a 40-year history of providing care and support for people with mental health challenges.
The charity reports 2,000 people using its programs and services every day. In F2016, clients stayed 70,810 nights in Fred Victor housing or shelters. Of 7,415 visits to Employment and Training Services, 300 secured employment and 62 previously homeless people were trained and employed in supported work placements. Across Fred Victor programs, 500,000 healthy snacks and meals were served.
In May 2016, tenants began moving into a 10-story apartment building acquired by Fred Victor through an RFP process with the Ontario government. The apartment building was initially used as part of the athletes village in the 2015 Pan Am/Pan Para games. Located in the Canary District of Toronto, it is now affordable and secure housing for 300 of Fred Victor's tenants.
Fred Victor is a medium-sized charity with $1.9m in donations. Government funding accounted for the majority of revenue, granting $19.1m to Fred Victor in F2016. Fred Victor also received $503k in rent from clients living in the charity’s affordable housing. Administrative costs were 9% of revenues and fundraising costs were 17% of donations. For every $1 donated, 75 cents go to the cause. This falls within Charity’s Intelligence reasonable range of overhead spending.
The charity has funding reserves of ($1.6m) as it currently carries $6.9m in mortgages payable to the Bank of Canada. Removing donor-endowed funds of $1.3m from total funding reserves, Fred Victor has funding reserves of ($2.9m).
Updated July 5, 2017 by Juliana Badovinac.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||8.7%||14.5%||13.8%|
|Fundraising costs as % of donations||16.7%||21.6%||2.4%|
|Program cost coverage (%)||(8.4%)||(21.2%)||(29%)|
Summary Financial StatementsAll figures in $000s
|Fees for service||503||534||432|
|Cash flow from operations||840||148||459|