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.