Lookout Emergency Aid Society

429 Alexander Street
Vancouver, BC V6A 1C6
Board Chair: Tom Roberts
Executive Director: Shayne Williams

Website: www.lookoutsociety.ca
Charitable Reg. #: 13069 5166 RR0001
Sector: Social Services - Homeless
Operating Charity

Charity Rating

[Charity Rating: 4/4]

Social Results Reporting

Grade: A+

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 for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #187

Avg. Compensation $47,030

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 3
$40k - $80k 7
< $40k 0
Information from most recent CRA Charities Directorate filings for F2014

About Lookout Emergency Aid Society:

Lookout provides housing to the homeless and connection to services in the Vancouver region. It runs 4 emergency shelters, 6 longer-term transitional residences for those who experience repeated housing crises, and 13 permanent supportive residences for those at risk of homelessness. Lookout has partnership agreements with 3 hotels and works with their management to provide services to tenants. Lookout's services at its shelters and residences include: assistance with medication, help with money management and budgeting, teaching life skills, referrals to other services and agencies, and monitoring of physical and mental health, among others. Lookout also organizes other programs, including: short-term follow-up services to those repeatedly in emergency situations, mentoring programs for those living with low income, a home start-up kit to provide furnishings for those moving into new homes, a drop-in activity center, and various community events.

In F2014, Lookout provided 63,335 bed nights and served 190,005 meals in its four shelters. It housed 218 individuals in its 6 transitional residences, and 649 individuals in its permanent supportive residences. Lookout's Outreach Program provided 3,940 individuals with follow-up services. Lookout's activity center had a membership of 2,920, with 40,879 total visits. The center offered 863 meal sessions, 1,891 life skill events, and 1,178 leisure activity sessions.

Financial Review:

In F2014, fundraising costs were 13% of donations and administrative costs were 3% of revenues. The organization has negative funding reserves of ($7.4m). Excluding its mortgage, Lookout has funding reserves of $10.5m, which cover 58% of annual program costs.

This charity report is an update that is being reviewed by Lookout. Changes and edits may be forthcoming.

Updated July 16, 2015 by Mikhil Mahore.

Financial Ratios

Fiscal year ending March
201420132012
Administrative costs as % of revenues 3.0%3.4%3.4%
Fundraising costs as % of donations 12.5%10.9%9.1%
Program cost coverage (%) (40.9%)(38.5%)(51.7%)

Summary Financial Statements

All figures in $000s
201420132012
Donations 614542487
Government funding 16,14315,35414,589
Fees for service 2,9602,8902,389
Investment income 1087560
Total revenues 19,82518,86117,525
Program costs 18,02417,15216,332
Administrative costs 590645589
Fundraising costs 775944
Cash flow from operations 1,1341,005560
Funding reserves (7,368)(6,597)(8,445)
Note: Ci removed the amortization of deferred contribution and the recognition of replacement and renovation reserves from revenue, changing revenue by ($499k) in F2014, ($499k) in F2013 and ($523k) in F2012. Ci removed amortization from program costs, changing program costs by ($1.3m) in each year. As no breakdown is provided in the audited financial statements, the breakdown between program, administrative and fundraising costs came from the charity’s T3010 filing.

Comments added by the Charity:

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