RainCity Housing

191 Alexander Street
Vancouver, BC V6A 1B8
Executive Director: Mark Smith
Board Chair: Stacey Morrison

Website: www.raincityhousing.org
Charitable Reg. #: 12711 5780 RR0001
Sector: Social Services - Homeless (Shelter)
Operating Charity

Social Results Reporting

Grade: B

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements available only through official request for information from Canada Revenue Agency [ Audited financial statement for most recent year ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #124

Avg. Compensation $73,827

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 3
$80k - $120k 3
$40k - $80k 4
< $40k 0
Information from most recent CRA Charities Directorate filings for F2014

About RainCity Housing :

RainCity Housing (RCH) provides innovative, specialized housing and support services for people living with mental illness, addictions and other challenges. The RainCity Housing family of programs includes emergency housing, transitional housing, women's housing, long-term housing, outreach programs, food services and community living support. RCH reported to have provided 29,660 shelter stays and 149,845 meals. It reported to have assisted 180 previously homeless people in securing independent housing.

In September 2009, the Mental Health Commission of Canada sponsored the research development project At Home/Chez Soi. RCH's role was to implement the Housing First Assertive Community Treatment (ACT) Team. The team is a recovery-oriented supportive housing approach that provides homeless people living with mental illness immediate access to rent supplements to live anywhere in the city. The rent supplements do not require participants to be in psychiatric or substance use treatment. Self-determination, choice, and harm reduction are at the core of all housing, support, and services provided by the ACT Team. The ACT team supports 100 clients at a client-staff ratio of 10:1.

Financial Review:

In F2014, administrative costs were 9% of revenues and fundraising costs were 54% of donations. RCH's funding reserves were negative due to $18.5m in mortgages and other debt.

Financial Ratios

Fiscal year ending March
201420132012
Administrative costs as % of revenues 9.2%10.2%10.4%
Fundraising costs as % of donations 54.4%35.3%12.3%
Program cost coverage (%) (123.7%)(86%)(42.3%)

Summary Financial Statements

All figures in $000s
201420132012
Donations 668540584
Government funding 13,46411,89011,566
Fees for service 1,1601,1641,161
Investment income 90138124
Total revenues 15,38313,73213,435
Program costs 11,90510,58410,409
Administrative costs 1,4021,3801,380
Fundraising costs 36419072
Other costs 192199205
Cash flow from operations 1,5211,3781,368
Funding reserves (14,722)(9,105)(4,405)
Note: Ci has included deferred revenue and deferred contributions, increasing revenue by $117k in F2014, $267k in F2013 and $339k in F2012.

Comments added by the Charity:

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