Toronto Grace Health Centre

47 Austin Terrace
Toronto, ON M5R 1Y8
CEO: Marilyn Rook
Board Chair: Neil Watt

Website: www.torontograce.org
Charitable Reg. #: 11913 5150 RR0001
Sector: Health
Operating Charity

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 available only upon request

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #136

Avg. Compensation $82,090

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 1
$160k - $200k 0
$120k - $160k 2
$80k - $120k 7
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2014

About Toronto Grace Health Centre:

Toronto Grace Health Centre (TGHC) is a 119-bed hospital located in the heart of downtown Toronto and is owned and operated by The Salvation Army. The Toronto Grace provides medically complex and specialized care and services to those individuals who require Complex Continuing Care, Post-Acute Care Rehabilitation and Palliative Care. The care and services provided at the Toronto Grace help facilitate the patient flow through the health care system and ensure recovery to those individuals who may return to their homes or to Long Term Care (LTC) facilities in their communities.

A major renovation plan that will see infrastructure upgrades to the 650 Church Street facility is currently the major fundraising focus. The upgrade will ensure a safe home for patients and their families as well as the staff that serve them. TGHC received a $1m gift in the form of a challenge grant from the W. Garfield Weston Foundation for the renovation in 2014.

Financial Review:

Administrative costs are 0.1% of total revenue and the charity does not report fundraising costs. In F2014, TGHC had funding reserves of $1.3m which cover only 6% of annual program costs. In F2014, 85% of the total revenues were generated in the form of funding from the provincial government. Donations and bequests formed a small (0.5%) portion of total revenues.

Updated on May 26, 2015 by Rohan Bhargava

Financial Ratios

Fiscal year ending March
20142013
Administrative costs as % of revenues 0.1%0.1%
Program cost coverage (%) 6.3%8.8%

Summary Financial Statements

All figures in $000s
20142013
Donations 96131
Government funding 18,01517,991
Fees for service 8981,053
Business activities (net) 652697
Investment income 260266
Other income 581298
Total revenues 20,50220,436
Program costs 19,96519,860
Administrative costs 2021
Cash flow from operations 517554
Funding reserves 1,2601,747

Comments added by the Charity:

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