Vancouver, BC V6B 3H7
President & CEO: Rob Turnbull
Board Chair: John McLernon
Charitable Reg. #: 80818 9617 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 #4
Avg. Compensation $92,291
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||1|
|$80k - $120k||1|
|$40k - $80k||2|
About Streetohome Foundation:
Founded in 2010, the Streetohome Foundation is dedicated to finding solutions to homelessness in Vancouver by creating safe, decent, affordable housing for those on the streets and those at risk. Its role is to work with its community to find the resources to fund and develop supportive housing projects. It is not a housing provider; it provides funding to support organizations that do build and operate housing programs.
In F2011, Streetohome granted $197k to McLaren Housing Society (23% of total grant funding), Atira Women’s Resource Society (30%), and the Mental Health Commission of Canada (47%).
The charity’s financial statements are unaudited. Fundraising costs are 24% of donations and administrative costs are 57% of revenue. The charity has funding reserves of $7.6m, which cover annual program costs 38.7 times (although, according to its website, F2012 grants have increased significantly, which will reduce its program cost coverage.) The funding reserves include $6.8m of capital funds held by the Vancouver Foundation, some of which is transferred to Streetohome annually to cover its operating costs. The donations figure reported below may be understated, as Streetohome receives donations that are sent directly to the Vancouver Foundation. The amount of these donations is not disclosed in Streetohome’s financial statements.
Financial RatiosFiscal year ending December
|Administrative costs as % of revenues||56.5%||32.4%|
|Fundraising costs as % of donations||24.1%||15.4%|
|Program cost coverage (%)||3,868.1%||0.0%|
Summary Financial StatementsAll figures in $s
|Cash flow from operations||(41,673)||362,724|