Raising the Roof
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
B+
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.
85%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 85 cents are available for programs.
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OVERVIEW
About Raising the Roof:
Raising the Roof is a 4-star charity. It is financially transparent, has an above-average results reporting grade, and has reasonable overhead spending.
Founded in 1996, Raising the Roof (RTR) aims to prevent homelessness across Canada. As a homelessness prevention charity, it takes a proactive approach by focusing on early intervention and addressing the root causes of homelessness. RTR’s programs help to transform vacant spaces into affordable housing units and offer employable skills. The charity estimates that 235,000 Canadians face homelessness each year. Raising the Roof has three main programs: Reside, Wraparound Supports, and partner agency grants.
Reside made up 57% of program costs in F2022. Launched in 2018, the Reside program aims to prevent homelessness by acquiring and renovating unused properties into affordable housing. Raising the Roof targets vacant homes, churches, and commercial buildings. To renovate the buildings, it works with local contractors that agree to train and hire youth at risk of homelessness. It then partners with community housing groups to identify at-risk people and help move them into their new homes. Raising the Roof has three ongoing Reside projects to be completed in 2023 and 2024, including houses in Winnipeg, Sudbury, and Orillia. The charity believes these projects will train and employ a total of 85 youth at risk of homelessness.
Wraparound Supports represented 39% of program costs in F2022. Through the program, RTR funds local construction businesses and social enterprises working with Canadians at risk of homelessness. It helps partner businesses expand support services for homeless and at-risk workers, such as case management, financial coaching, and mental health support. As a result, participants receive support while developing their careers in the construction industry. Between January 2022 and April 2023, 116 trades trainees received wraparound support.
Grants to partner agencies accounted for the remaining 4% of program costs. Since its founding, RTR has granted to 200 agencies. RTR granted to 22 Canadian social services charities in F2022.
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Results and Impact
In January 2022, Raising the Roof completed a Reside project in Toronto. RTR states that the project provided a home for six refugees who were homeless. It also provided training, employment, and support to 38 people with barriers to employment. RTR reports that 35 of the 38 trainees are now completing paid apprenticeships, working full-time in the trades, or working on other projects.
RTR states that it has changed 172 people’s lives through full-time employment in the trades and affordable housing since the Reside program started.
While Ci highlights these key results, they may not be a complete representation of Raising the Roof’s results and impact.
This charity is not yet rated on impact (n/r).
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Finances
Raising the Roof had total donations and special events revenue of $2.3m in F2022, compared to $1.8m in F2021 (29% increase) and $1.1m in F2020 (113% increase).
Administrative costs are 9% of revenue (less investment income), and fundraising costs are 6% of donations. This results in total overhead spending of 15%. For every dollar donated, 85 cents go to the cause, which is within Ci’s reasonable range.
RTR has $1.7m in reserve funds (cash and investments) after accounting for $100k in interest-bearing debt. The charity could cover 220% or over two years and two months of its annual program costs with reserves.
According to its annual filings with the CRA, Raising the Roof uses external fundraisers. RTR received $186k from external fundraisers in F2021 and $44k in F2020 but did not report how much it paid. This is a mandatory filing.
Charity Intelligence has sent this update to Raising the Roof for review. Changes and edits may be forthcoming.
Updated on August 8, 2023, by Sydney Olexa.
Financial Review
Fiscal year ending June
|
2022 | 2021 | 2020 |
|---|---|---|---|
| Administrative costs as % of revenues | 8.6% | 6.5% | 14.6% |
| Fundraising costs as % of donations | 6.4% | 12.5% | 6.9% |
| Total overhead spending | 14.9% | 19.0% | 21.5% |
| Program cost coverage (%) | 219.8% | 188.2% | 210.3% |
Summary Financial StatementsAll figures in $s |
2022 | 2021 | 2020 |
|---|---|---|---|
| Donations | 2,249,265 | 1,769,931 | 1,057,493 |
| Government funding | 25,632 | 8,739 | 35,159 |
| Fees for service | 0 | 0 | 5,372 |
| Business activities (net) | 124,335 | 105,407 | 79,938 |
| Special events | 31,019 | 2,275 | 13,661 |
| Investment income | 0 | 0 | 6,821 |
| Other income | 7,859 | 14,241 | (4,549) |
| Total revenues | 2,438,110 | 1,900,593 | 1,193,895 |
| Program costs | 711,303 | 643,392 | 309,776 |
| Grants | 43,201 | 38,715 | 36,520 |
| Administrative costs | 209,429 | 124,163 | 173,522 |
| Fundraising costs | 144,764 | 221,185 | 73,853 |
| Total spending | 1,108,697 | 1,027,455 | 593,671 |
| Cash flow from operations | 1,329,413 | 873,138 | 600,224 |
| Capital spending | 1,009,560 | 301,162 | 342,634 |
| Funding reserves | 1,658,331 | 1,283,410 | 728,105 |
Note: To report on a cash basis, Ci adjusted for deferred revenues and deferred capital contributions. This affected revenues by $1.0m in F2022, $624k in F2021, and $478k in F2020. Ci reported toque revenue net of toque purchases in business activities. This affected revenues and expenses by ($27k) in F2022, ($40k) in F2021, and ($19k) in F2020. Ci reported administrative and fundraising costs from the charity’s T3010 filings with the CRA.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
2 |
$40k - $80k |
2 |
< $40k |
1 |
Information from most recent CRA Charities Directorate filings for F2022
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Comments & Contact
Comments added by the Charity:
Charity Contact
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