IRCOM

95 Ellen St.
Winnipeg, MB R3A 1S8
Executive Director: Dorota Blumczynska
Board President: Mike Dudar

Website: www.ircom.ca
Charitable Reg. #: 12842 9537 RR0001
Sector: Social Services
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 #14

Avg. Compensation $45,008

Top 10 Staff Salary Range

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

About IRCOM:

Founded in 1991, the Immigrant and Refugee Community Organization of Manitoba (IRCOM), helps in the successful integration of newcomer families within the first 5 years of their settlement in Canada. The charity operates a transitional housing complex in downtown Winnipeg called IRCOM House Ellen. This complex offers secure, affordable and clean apartments to newcomer families for up to 3 years after their arrival. Currently, the complex supports an average of 300 families. A new facility called IRCOM Isabel is expected to open for operations in early 2016. Between 50 and 60 new families will benefit from this new complex.

In addition, IRCOM provides onsite support and services including an After-School Program for children and youth, an Asset Building Program for those interested in learning about money in the Canadian context and participating in a matched savings program, as well as a Community Resource Program that connects community members with employment, education, and various health resources throughout Winnipeg. IRCOM also runs the Newcomer Literacy Initiative, which consists of daily English classes for newcomers and the Newcomer Driver Education Program, which helps newcomers obtain their driver's licence.

Financial Review:

In F2014, IRCOM's administrative costs were 6% of revenues. The charity did not report fundraising costs in either its audited financial statements nor its CRA T3010 filing. At the end of F2014, IRCOM had funding reserves of $410k covering 29% of annual program costs.

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

Updated July 30, 2015 by Yash Ahuja.

Financial Ratios

Fiscal year ending March
201420132012
Administrative costs as % of revenues 5.5%4.2%5.5%
Program cost coverage (%) 28.7%45.4%40.3%

Summary Financial Statements

All figures in $s
201420132012
Donations 535,819596,310562,634
Government funding 914,804712,885523,342
Fees for service 0089,236
Investment income 3,0012,6602,767
Other income 67,998144,36255,364
Total revenues 1,521,6221,456,2171,233,343
Program costs 1,428,6691,252,715962,918
Administrative costs 83,96361,48267,555
Other costs 2,4601,7421,512
Cash flow from operations 6,530140,278201,358
Funding reserves 410,125568,051387,691
Note: Revenues have been adjusted to reflect deferred contributions in the year received, affecting donations by $6k in F2014, $126 in F2013 and $181k in F2012.

Comments added by the Charity:

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