We recognize the importance of ensuring that your donations are being used effectively, and we work hard to be transparent and accountable to you, our donors. If you have any questions, please contact us at info@indwell.ca.
A heartfelt thank you to the many individuals, businesses, churches, community associations, and service groups who partner with Indwell to provide hope and homes. We deeply appreciate the working relationships we have with the many organizations, community and family foundations, politicians, municipalities and their staff, and civil servants at the federal and provincial levels with whom we collaborate to end homelessness.
The key to Indwell’s ability to provide hope and homes are our generous donors.
The gifts that Indwell receives from individuals, businesses, churches, service clubs and foundations provide the initial funding needed for construction of new affordable housing projects. These gifts generally make up about 15% of the total project costs, but are crucial to the success of each project. These gifts demonstrate community buy-in and provide the base of funding that Indwell can then leverage to request government funding. Broad community support is a catalyst for other funding, multiplying about seven times in creating new affordable housing.
The largest contributor to Indwell’s new housing projects is the Canadian Mortgage and Housing Corporation (CMHC), providing about 55% of the funds required through grants and financing. We also apply for municipal and provincial funding, which on average contribute about 30% of development costs.
Following construction, tenant rents cover about 38% of operational expenses, which includes managing our facilities and the carrying costs of financing. About 43% of Indwell’s revenue is from funding from the Ontario Ministry of Health for programs that provide a high level of supports, as well as other operating grants.
Indwell’s generous donors contribute the remaining 15%, which is critical to providing health care, social, spiritual and housing supports for tenants. Indwell requires about $2,650 per year per apartment above what we receive in rent, Ministry of Health funding, municipal funding and other grants to provide high quality supportive housing.
| Revenues | 2020 | 2019 |
|---|---|---|
| Donations | 1,601,708 | 1,187,097 |
| Operating grants (Ministry of Health) | 2,686,213 | 1,848,443 |
| Operating grants (municipal, other) | 1,190,459 | 1,665,643 |
| Rent, room and board | 4,333,139 | 3,142,463 |
| Commercial rentals, services, other | 806,439 | 351,379 |
| TOTAL | 10,618,058 | 8,195,025 |
* Does not include capital revenue
| Expenses | 2020 | 2019 |
|---|---|---|
| Program | 5,849,806 | 4,121,691 |
| Facilities management** | 3,886,022 | 3,145,949 |
| Interest | 2,011,281 | 1,876,151 |
| Administration | 1,329,231 | 1,059,868 |
| Fundraising and communications | 486,968 | 434,563 |
| TOTAL* | 13,563,308 | 10,638,222 |
** Includes amortization of $2,263,670 (2020) and $1,903,504 (2019)
Through your gifts you are providing affordable housing, supports, and community for Indwell tenants. This helps each person achieve health, wellness and belonging.
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