Toronto, ON M5C 1K6
CEO: Mark Aston
Board Chair: Janet Mason
Charitable Reg. #: 11893 1377 RR0001
Grade: B-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 #192
Avg. Compensation $77,083
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||3|
|$80k - $120k||7|
|$40k - $80k||0|
About Fred Victor:
Founded in 1894, Fred Victor's 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 Centre is one of Toronto's lead agencies addressing homelessness in the ZeroTO initiative to end homelessness.
Fred Victor is a multi-service charity. It has 19 different sites across Toronto providing many programs to many distinct clients. These cover four main categories: Housing, Health, Income, and Ending Homelessness.
Fred Victor’s Housing programs include 2 emergency homeless shelters that are open 24/7, emergency respite care. Its Bethlehem United shelter is the only Toronto shelter allowing pets. Fred Victor provides shelters and transitional housing for dedicated demographics. For example, it was recently loaned the Mary Sheffield mansion where, in partnership with LOFT, it provides transitional housing to 23 older women (55+) with complex needs. Also under housing programs, FVC works with Toronto Community Housing to provide community supports in affordable housing centres.
In health programs, Fred Victor is one charity on the frontlines of Toronto's opioid crisis. In 2018 it opened a safe-injection site. It provides 3 booths. Its treatment numbers are not yet available. FVC made 500 referrals to fast-track services for people with mental health and addictions. It also provided on-site health and support services to 450 people in F2017.
FVC's income programs include Employment & Training, Friends Catering, and Women’s Bakery. At the Women’s Bakery, Fred Victor set 24 women to earn more money. Its Friends Restaurant served 52,200 low-cost meals.
Results and Impact:
In F2017, Fred Victor helped 487 people find housing and move on to improved living situations.
In its Ending Homelessness program, Fred Victor provided 40 people with transitional housing supports, of which 70% successfully moved into permanent housing.
Fred Victor reports that 100% of graduates from the Women’s Bakery went on to further education, employment, or volunteerism in F2017.
Fred Victor is a medium-sized charity, with total donations of $1.3m in F2018. Fred Victor received $22.5m in government funding which represents 86% of total revenues. Administrative costs are 6% of revenues (excluding investment income) and fundraising costs are 2% of donations. For every dollar donated, $0.92 goes to the cause. This is within Ci’s reasonable range for overhead spending.
Fred Victor’s interest-bearing debts of $11.6m (held in mortgages) exceed its gross funding reserves of $4.0m. Excluding interest-bearing debts, Fred Victor could operate using reserve funds for less than a month.
This charity report is an update that has been sent to Fred Victor for review. Changes and edits may be forthcoming.
Updated on May 24, 2019 by Lauren Chin.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||6.0%||7.2%||5.4%|
|Fundraising costs as % of donations||2.4%||3.7%||2.5%|
|Program cost coverage (%)||(31.6%)||(42.2%)||(5%)|
Summary Financial StatementsAll figures in $000s
|Fees for service||1,631||1,449||503|
|Cash flow from operations||438||634||1,593|