Toronto, ON M5B 2K6
Executive Director: Patricia Mueller
Board Chair: Jeremy Roach
Charitable Reg. #: 11896 2182 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
Full-time staff #47
Avg. Compensation $67,411
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||1|
|$40k - $80k||9|
About Homes First :
Founded in 1983, Homes First provides housing and support services aimed at breaking the cycle of homelessness for Toronto's most vulnerable. Taking a housing-first approach, Homes First believes addiction and mental health can't be effectively treated with a person living on the streets. Homes First is one of Toronto's largest social housing providers. Homes First helps the homeless through providing both emergency temporary shelters and supportive long-term housing for the chronically homeless. In F2015, Homes First provided emergency shelter for a total of 60,800 nights, helped 351 people in supportive housing, served 141,344 meals and supported 23 patients from the Centre for Addiction and Mental Health.
The financial summary is based on the consolidated financial statements of Homes First Society and Homes First Foundation.
In F2015, Homes First spent 10% of revenues on administrative costs and 16% of donations on fundraising costs. Total overhead costs of 26% fall within Ci's reasonable range.
As of F2015, Homes First Society and Homes First Foundation had cash and investments of $3.9m and mortgage debt of $11.7m. Overall, the charity has a negative funding reserve of ($7.7m).
Analysis updated by Ruoxi Gao in 2016, currently under review by Homes First.
Financial RatiosFiscal year ending December
|Administrative costs as % of revenues||10.4%||10.6%||12.1%|
|Fundraising costs as % of donations||15.5%||7.6%||3.9%|
|Program cost coverage (%)||(111.9%)||(139.8%)||(149.3%)|
Summary Financial StatementsAll figures in $000s
|Fees for service||116||116||116|
|Business activities (net)||1,156||1,097||1,086|
|Cash flow from operations||530||446||523|