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.
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.
92%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 92 cents are available for programs.
My anchor
OVERVIEW
About Fred Victor:
Founded in 1894, Fred Victor Centre’s (Fred Victor) mission is to improve the health, income, and housing stability of poor and homeless people in Toronto. It works towards its vision for Toronto to be a healthy and thriving city where every person has a home and access to opportunity. Fred Victor is one of Toronto's lead agencies addressing homelessness in the ZeroTO initiative to end homelessness in Toronto by 2025.
Fred Victor is a multi-service charity with 20 different sites across Toronto providing programs to over 2,000 clients daily. These programs cover four main categories: Housing, Health, Income, and Ending Homelessness. During F2020, Fred Victor amalgamated with the Toronto Christian Resource Centre (CRC), which shares a similar mission of offering housing and support services for people living in Regent Park and downtown Toronto.
Fred Victor’s Housing and Ending Homelessness programs include 2 emergency homeless shelters that are open 24/7, providing emergency respite care. Its Bethlehem United shelter supported over 500 people in F2021 and is the only Toronto shelter that allows pets. Fred Victor’s Women’s Drop-In program also had 41,480 visits in F2021 with 1,114 referrals made to find adequate housing.
Fred Victor’s health programs place it at the front lines of Toronto's opioid crisis. During the pandemic, fatal opioid overdoses increased by 75% in Ontario. In 2018, Fred Victor opened a safe-injection site which saw 36,574 supervised consumption visits in F2021. It also engaged 7,559 participants in health promotion groups, including suicide intervention in F2021. It also provided on-site mental health and support services to 1,154 people and diverted 1,020 clients out of the criminal justice system to support services in the community.
Fred Victor's Income programs include Employment & Training, Friends Catering, Keep Cool, and a Women’s Bakery. In F2021, 24 women at the Women’s Bakery graduated with the goal that they would be able to increase their income. The Keep Cool Team provided on-the-job Peer outreach Work training for 71 people. In F2021, clients accessed Fred Victor’s employment and training services 2,820 times.
Fred Victor acquired the 40 Oaks Housing Community in F2020 through its amalgamation with the CRC; 40 Oaks provides affordable housing for 100 tenants.
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Results and Impact
In F2021, Fred Victor helped 47 people who stayed at the Bethlehem United Shelter and 24 women who accessed the Women’s Transition to Housing program move on to permanent housing. It also reports that 137 clients who accessed other housing support services secured permanent housing, and 95% of housing access and support clients retained housing in the last 24 months.
Fred Victor’s supervised injection site and health staff reversed 577 overdoses in F2021.
In F2021, 103 people found jobs after accessing Employment and Training Services. Fred Victor reports that 100% of the 24 graduates from the Women’s Bakery went on to further education, employment, or volunteerism in F2020.
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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Finances
Fred Victor received donations of $4.5m in F2021. Fred Victor received $34.1m 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 8%. For every dollar donated, 92 cents go to the cause. This is within Ci’s reasonable range for overhead spending. Note that 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 F2021 CRA data for Fred Victor was not available at the time of this update.
Fred Victor has gross funding reserves of $16.0m. Its interest-bearing debts are $14.3m (held in mortgages). Excluding the long-term portions of mortgages, Fred Victor could operate using reserve funds for roughly five months.
Ci has sent this charity update to Fred Victor for review. Changes and edits may be forthcoming.
Updated on August 5, 2021, by Shira Wine.
Financial Review
Fiscal year ending March
|
2021 | 2020 | 2019 |
|---|---|---|---|
| Administrative costs as % of revenues | 6.0% | 7.0% | 6.0% |
| Fundraising costs as % of donations | 1.6% | 2.8% | 2.2% |
| Total overhead spending | 7.5% | 9.8% | 8.2% |
| Program cost coverage (%) | 4.5% | (5.0%) | (5.4%) |
Summary Financial StatementsAll figures in $000s |
2021 | 2020 | 2019 |
|---|---|---|---|
| Donations | 4,493 | 2,508 | 1,922 |
| Government funding | 34,115 | 29,196 | 28,692 |
| Fees for service | 77 | 113 | 144 |
| Business activities (net) | 3,066 | 2,003 | 1,642 |
| Investment income | 100 | 35 | 52 |
| Other income | 569 | 304 | 363 |
| Total revenues | 42,421 | 34,159 | 32,815 |
| Program costs | 38,341 | 30,421 | 29,348 |
| Administrative costs | 2,518 | 2,391 | 1,963 |
| Fundraising costs | 70 | 70 | 43 |
| Other costs | 532 | 371 | 322 |
| Total spending | 41,460 | 33,253 | 31,676 |
| Cash flow from operations | 961 | 906 | 1,139 |
| Capital spending | 694 | 509 | 59 |
| Funding reserves | 1,730 | (1,522) | (1,577) |
Note: Ci has not adjusted for deferred contributions as it appears to be mostly government funding. This would have affected revenues by $3.9m in F2021, $1.3m in F2020, and $3.9m in F2019.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
2 |
$80k - $120k |
8 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2020
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Comments & Contact
Comments added by the Charity:
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
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-364-8228