Fred Victor Centre
Toronto, ON M5C 1K6
Executive Director: Mark Aston
Board Chair: Pamela Taylor
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
Full-time staff #105
Avg. Compensation $62,463
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||1|
|$80k - $120k||6|
|$40k - $80k||0|
About Fred Victor Centre:
Founded in 1894, Fred Victor Centres (FV) works with Toronto's homeless and poor with a focus on providing shelter and housing. In F2014, FV worked with more than 8,000 people (even with F2012's reporting) through 14 locations across Toronto. FV's mission is to be a home and provide the opportunities for meaningful participation in society for all. FV operates 2 homeless shelters with a total of 114 beds (including Toronto's only shelter that accepts pets). Through collaboration with Toronto's "Street to Homes" program, 150 people left the shelter system into homes in F2014. FV operates 80 affordable housing units for families and 96 supportive housing units for previously chronically homeless people. FV's staff work across Toronto to help people living in shelters and on the streets to find a home and keep it. In F2014, FV helped 208 people get housing. FV also runs drop-in centres, serving 42,000 meals in F2014 and providing job training, supports and community projects to Toronto's homeless.
FV is campaigning to raise $3m to adapt and furnish a Pan Am Games facility in Toronto's West Donlands into 108 apartments that will benefit an estimated 300 tenants with affordable and supportive housing. As of January 2015, it has raised $1.9m.
Administrative costs are 8.3% of total revenues in F2014 with fundraising costs representing 5.3% of donations. As with all charities operating homeless shelters, funding reserves are negative due to large mortgages; FV has $9.0m in mortgages on its shelters and housing facilities. As such, funding reserves are ($3.0)m. FV has donor-endowed funds of $1.3m. A further $1.2m in funding reserves is restricted for capital repairs under agreement with the City of Toronto.
Financial RatiosFiscal year ending March
|Administrative costs as % of revenues||8.3%||7.2%||6.9%|
|Fundraising costs as % of donations||5.3%||6.0%||6.9%|
|Program cost coverage (%)||(28.2%)||(41.5%)||(56.5%)|
Summary Financial StatementsAll figures in $000s
|Fees for service||450||403||332|
|Cash flow from operations||486||839||2,990|