Hockey Helps the Homeless

44 East Beaver Creek, Unit #4
Richmond Hill, ON L4B 1G8
Executive Director: Andrew Gucciardi
Board President: Rob Way

Charitable Reg. #:86558 0146 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 2/5]

FINANCIAL TRANSPARENCY

Most recent Audited financial statements available on the charity’s website.

C-

RESULTS REPORTING

Grade based on the charity's public reporting of the work it does and the results it achieves.

n/r

DEMONSTRATED IMPACT

The demonstrated impact per dollar Ci calculates from available program information.

NEED FOR FUNDING

Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.

58%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 58 cents are available for programs.



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OVERVIEW

About Hockey Helps the Homeless:

Hockey Helps the Homeless is a 2-star charity. It has a below-average reporting grade and overhead costs outside Ci's reasonable range. Charity Intelligence has not assessed (n/r) Hockey Helps the Homeless' impact. 

Founded in 1996, Hockey Helps the Homeless (HHH) takes advantage of Canadians’ passion for hockey to raise money for homeless charities. HHH organizes Pro-Am tournaments that connect hockey pros and fans together in tournaments. With the money raised, HHH's goal is to end homelessness in communities across Canada, which it attempts to achieve through funding and partnering with other local agencies that provide housing and support for the homeless. Its head office is in Richmond Hill, Ontario.

In F2021, HHH hosted tournaments in Barrie, Toronto, Calgary, Durham, Edmonton, Halifax, London, Montreal, Vancouver, Waterloo, Winnipeg, and York. It also hosted tournaments for university students at three Ontario universities and colleges: Queen's University, Durham College, and Western University. 

By registering as a player or a team, donors play at least three games with two retired NHL or Olympic pros on their team. Players can register in competitive, recreational, or 50-plus tournaments depending on their skill level and desired intensity of play. Some pros participating in the F2021 tournament included Glenn Anderson, Nik Antropov, DaveBabych, and Patrice Brisebois.

The charity had not released a 2022 Annual Report at the time of this profile. Thus, information provided is primarily from F2021, while the financial information is from F2022.

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Results and Impact

For the Support program, in F2021, Hockey Helps the Homeless’ funding helped VETS Canada support 200 veterans in crisis in the Halifax Area. In F2021, the charity also funded The Mustard Seed to provide about 100 individuals per day with a daily food program and emergency support in Edmonton. 

For the Housing program, in F2021, HHH funded The Salvation Army in Vancouver, providing a safe place of refuge for over 200 adults every night with free and nutritious meals for up to 400 men, women and children. In Halifax, the charity helped Adsum to house 120 people every day in F2021.

While Ci highlights these key results, they may not be a complete representation of Hockey Helps the Homeless' results and impact.

 

 

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Finances

Hockey Helps the Homeless received donations and tournament income of $4.7m in F2022. In F2022, the charity donated $3.0m to the homeless, an increase of 147% compared to F2021 (with grants of $1.2m). Administrative costs are 13% of revenues (excluding investment income) and fundraising costs are 29% of donations. This leads to overhead spending of 42%. For every dollar donated, 58 cents go to the cause. This is outside Ci’s reasonable range. 

In F2022, HHH had $2.0m in reserve funds. The charity could cover 8 months of its annual program costs with current reserves. 

This charity report is an update that is currently being reviewed by Hockey Helps the Homeless. Changes and edits may be forthcoming.

Updated on May 29, 2023 by Krystie Nguyen.

Financial Review


Financial Ratios

Fiscal year ending June
202220212020
Administrative costs as % of revenues 12.9%13.4%17.3%
Fundraising costs as % of donations 28.7%15.1%28.6%
Total overhead spending 41.5%28.5%45.8%
Program cost coverage (%) 67.8%177.5%50.2%

Summary Financial Statements

All figures in $s
202220212020
Donations 523,141575,000230,000
Government funding 45,973214,61893,945
Special events 4,119,0892,376,8343,665,003
Total revenues 4,688,2033,166,4523,988,948
Grants 3,009,7511,220,1082,856,108
Administrative costs 603,686424,257689,434
Fundraising costs 1,330,117444,4571,112,446
Total spending 4,943,5542,088,8224,657,988
Cash flow from operations (255,351)1,077,630(669,040)
Capital spending 12,5037,79611,683
Funding reserves 2,040,3662,166,1341,434,781

Note: Ci reported the supplies and funding donated for the homeless as part of expenses, increasing the total expenses by $3.0m in F2022, $1.2m in F2021, and $2.9m in F2020. Ci removed amortization from administration and fundraising costs pro-rata.

Salary Information

Full-time staff: 14

Avg. compensation: $29,592

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
0
$80k - $120k
1
$40k - $80k
8
< $40k
1

Information from most recent CRA Charities Directorate filings for F2022

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.hockeyhelpsthehomeless.com
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 905-943-4250

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Charitable Registration Number: 80340 7956 RR0001