1302 Seymour Street
Vancouver, BC V6B 3P3
Executive Director: Krista Thompson
Board Chair: Allan Seckel

Charitable Reg. #:89767 5625 RR0001

STAR RATING

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

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✔+

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.

Low

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.

68%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 68 cents are available for programs.



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OVERVIEW

About Covenant House Vancouver:

Founded in 1997, Covenant House Vancouver supports homeless youth in Vancouver by serving their basic needs and helping them build a strong future. Covenant House offers a “Continuum of Care,” to help youth in all stages of the transition from homelessness to safe housing. Covenant House has three main programs: the Residential Crisis program, the Rights of Passage program, and the Community Support Services program. In F2020, Covenant House Vancouver served an average of 104 youths each day.

In F2020, the Residential Crisis Program made up 56% of total program spending ($6.6m). Covenant House’s Crisis Program runs a 63-bed shelter for youth aged 16 to 24. When youth arrive at the shelter, they receive medical attention, nutritious food, and a safe place to sleep. They can stay for as many nights as they want. There are 28 beds for female-identified youth and 35 beds for male-identified youth. A total of 367 youths stayed in the Residential Crisis program in F2020. Covenant House reports that it served 1,750 meals to youth each week. Some of these meals were served as part of Community Support Services.

In F2020, Covenant House’s Rights of Passage program made up 23% of total program spending ($2.7m). This program gives young people safe, affordable housing and 24/7 support as they transition to living alone. Youth must commit to the program, which includes following curfews, attending classes, and putting aside part of their income for the program fee. Youth will receive a furnished apartment until their 25th birthday. Supports include life skills (cooking, money management, self-care, etc.) and education or employment plan development. A total of 34 youths aged 16-24 were part of the Rights of Passage program in F2020.

In F2020, Community Support Services made up 21% of total program spending ($2.5m). This program provides “as-needed” services to street youth aged 16 to 24. There are two components of this program: Outreach and Drop-In Centre. The Outreach team travels on foot to find youth and offers food, counseling, minor medical attention, and friendship. In F2020, the Outreach team connected with 551 youths. Youth are then invited to Covenant House’s Drop-In Centre for access to a wider array of services and resources. In F2020, an average of 20 youths attended art therapy for mental health support each week.

The remainder of program costs were allocated to public education about youth homelessness.

In F2019, Covenant House Vancouver completed the construction of a new five-story building. The charity moved to the new facility to increase its services for homeless and at-risk youth. Construction is currently underway for a new ten-story facility at the charity’s old location. The new facility will house more beds for youth, new fitness facilities, and classrooms. It is set to be completed in spring 2022.

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Results and Impact

In F2020, across all Covenant House Vancouver’s programs, 219 youths found stable housing, and 93 youths found and maintained employment. The Rights of Passage program is successful in helping 100% of youths in the program transition off the street.

While Ci highlights these key results, they may not be a complete representation of Covenant House’s results and impact.

Charity Intelligence has given Covenant House Vancouver a Low impact rating based on demonstrated impact per dollar spent.

Impact Rating: Low

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Finances

Covenant House Vancouver received total donations and special events revenues of $18.4m in F2020. Administrative costs are 9% of revenues (excluding investment income). Fundraising costs are 23% of donations. This results in overhead costs of 32%. For every dollar donated, 68 cents go to the cause. This is within Ci’s reasonable range for overhead spending.

The charity has total funding reserves of $28.8m. Covenant House Vancouver’s funding reserves can cover program costs for two years and five months.

Charity Intelligence has sent this update to Covenant House Vancouver for review. Changes and edits may be forthcoming.

Updated on June 23, 2021, by Shira Wine.

Financial Review


Financial Ratios

Fiscal year ending June
202020192018
Administrative costs as % of revenues 8.5%8.6%7.8%
Fundraising costs as % of donations 23.4%26.0%23.3%
Total overhead spending 31.9%34.6%31.1%
Program cost coverage (%) 244.8%200.1%234.5%

Summary Financial Statements

All figures in $000s
202020192018
Donations 18,25216,30416,407
Government funding 992774930
Special events 135145129
Investment income 541507234
Other income 267125352
Total revenues 20,18617,85618,052
Program costs 11,77510,6109,416
Administrative costs 1,6711,4921,391
Fundraising costs 4,3074,2843,857
Total spending 17,75316,38514,664
Cash flow from operations 2,4341,4713,388
Capital spending 5,31716,4083,645
Funding reserves 28,82921,22822,081

Note: Ci did not adjust for deferred contributions for the expansion project ($4.5m in F2020) or the forgivable mortgage ($5.1m in F2020) as it did not know if it was contributed from donors or the government. Ci did not include amortization of deferred contributions, affecting total revenues by ($585k) in F2020, ($1.3m) in F2019, and ($641k) in F2018. 

Salary Information

Full-time staff: 185

Avg. compensation: $68,499

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
1
$200k - $250k
1
$160k - $200k
1
$120k - $160k
2
$80k - $120k
5
$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:

No comments have been added by the charity.

Charity Contact

Website: www.covenanthousebc.org
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 604-685-5437

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