Covenant House Toronto

20 Gerrard Street East
Toronto, ON M5B 2P3
Executive Director: Bruce Rivers
Board Chair: Duncan Hannay

Website: www.covenanthousetoronto.ca
Charitable Reg. #: 10699 0195 RR0001

Sector: Social Services - Homeless (Shelter)

Operating Charity

Charity Rating

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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 #166

Avg. Compensation $71,119

Top 10 Staff Salary Range

$350k +	0
$300k - $350k	0
$250k - $300k	0
$200k - $250k	1
$160k - $200k	3
$120k - $160k	4
$80k - $120k	2
$40k - $80k	0
< $40k	0

Information from most recent CRA Charities Directorate filings for F2015

About Covenant House Toronto:

Founded in 1982, Covenant House Toronto (CHT) is Canada's largest youth shelter. Its mission is to "…serve suffering children of the street, and protect and safeguard all children...with absolute respect and unconditional love." Its vision is "to lead change that challenges homeless youth to pursue a life of opportunity."

Covenant House Toronto provides 24/7 crisis care to youth aged 16 to 24, giving them access to a bed, clothes, food and pastoral support. The youths are expected to work on their plans for the future, and meet goals and expectations set out for them. CHT also provides a wide range of services including health care, education, job training, transitional housing and employment assistance.

Covenant House Toronto is part of a leading international agency, and has served over 90,000 youths since its inception. CHT is currently in year 3 of its 5 year strategic plan. This plan focuses on housing and aftercare, employment opportunities, community support, advocacy, fiscal stewardship and expansion.

In F2015, Covenant House Toronto provided drop-in services to 1,827 kids, and supported 46 human-trafficking victims. Further, 702 youths were treated over 6,899 visits to its health care clinic. Over the year, CHT also provided 18 awareness presentations and training sessions. In F2015, 448 youths were reunited with their families, and 436 youths realized jobs or job-training placements.

Financial Review:

Covenant House Toronto is a Major 100 charity, with annual donations of $18m in F2015. Its administrative costs are 7% of revenues and its fundraising costs are 33% of revenues. For every $1 donated to the charity, 60 cents are put towards its programs, falling within Ci's reasonable range. Covenant House Toronto has funding reserves of $12m, resulting in a program cost coverage ratio of 84%. This means that the charity can cover 84% of its annual programs, indicating a need for donations.

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

Updated on May 20, 2016 by Lynn Tay.

Financial Ratios Fiscal year ending June	2015	2014	2013
Administrative costs as % of revenues	6.5%	6.1%	6.3%
Fundraising costs as % of donations	33.4%	32.3%	30.0%
Program cost coverage (%)	84.4%	88.1%	84.5%

Summary Financial Statements All figures in $000s	2015	2014	2013
Donations	18,172	17,339	15,366
Government funding	292	517	300
Fees for service	2,561	2,490	2,489
Investment income	138	567	268
Other income	88	45	48
Total revenues	21,251	20,959	18,471
Program costs	13,659	12,969	12,688
Administrative costs	1,372	1,237	1,155
Fundraising costs	6,066	5,603	4,616
Cash flow from operations	154	1,149	13
Funding reserves	11,525	11,428	10,723

Note: Ci has adjusted amortization of deferred capital contributions and due from Toronto Hostel Services affecting revenues by ($515k) in F2015, by ($514k) in F2014, and by ($488k) in F2013. Ci has adjusted amortization of capital assets affecting expenses by ($749k) in F2015, by ($723k) in F2014, and by ($646k) in F2013.

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