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.
Fiscal 2021 was a challenging year operationally. As the pandemic continued, the added stressors it created have had an impact on all of us, including our tenants and staff. Through it all, our supporters have been incredible and we are completely overwhelmed by God’s grace and the generosity of our community.
9 out of every 10 people that move in with Indwell are still with us a year later. This is only possible with the help of donors—whose gifts are the launching point1Your gift is a catalyst for remaining project funding, with an impact of up to 10x for creating more affordable housing and keeping our programs running.
DevelopmentThe 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 10–15% 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.
ProgrammingFollowing 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.
Stability Housing stability measures are most often expressed in three very simple states: unhoused, housed, and still housed. All three states are expressed in most supportive housing and housing first literature. Housing First oriented literature is most often concerned with two basic outcome transactions: moving from unhoused to housed and from housed to still housed.
The latter transaction is often expressed as a target, based on the Tsemberis 1999 Housing First randomized control trial where a cohort of people who were unhoused, became housed and at the end of 1 year (with the treatment—support—condition) 80% were still housed. 80% still housed remains the gold standard and has been demonstrated consistently through several randomized control trials.
Simply put, if you are providing opportunities for individuals with complexity (concurrent disorder, primary mental health, or other complexities) to access housing and following up with support, you should be aiming for a minimum of 80% of your original cohort still housed 12 months later.
In Indwell’s case, out of 143 people who moved in in 2020, 122 people stayed housed for more than 12 months.
| Revenues | Current Year | Previous Year |
|---|---|---|
| Donations | 2,326,795 | 1,601,708 |
| Operating Grants (Ministry of Health) | 3,358,823 | 2,686,213 |
| Operating grants (municipal, other) | 1,411,714 | 1,190,459 |
| Rent, room and board | 5,278,424 | 4,333,239 |
| Commercial rentals, services, other | 406,724 | 806,439 |
| Flourish revenue1Flourish revenue is eliminated upon consolidation in Indwell’s audited financial statements | 735,938 | N/A |
| TOTAL2Does not include capital grants and donations | 13,518,418 | 10,618,058 |
| Expenses | Current Year | Previous Year |
|---|---|---|
| Program | 6,543,707 | 5,849,806 |
| Facilities Management3Excludes amortization of $2,613,812 (2021) and $2,263,670 (2020) | 2,438,950 | 1,622,352 |
| Interest | 2,088,927 | 2,011,281 |
| Administration | 1,779,033 | 1,329,231 |
| Fundraising and communications | 610,353 | 486,968 |
| TOTAL | 13,460,970 | 11,299,638 |
We’re a Christian charity that creates affordable housing communities that support people seeking health, wellness and belonging.
We value the inherent dignity of all people as image bearers of God.
We live out our Christian calling to love our neighbours as ourselves.
Hope is the foundation of all our actions.
Through your gifts you are providing affordable housing, supports, and community for Indwell tenants. This helps each person achieve health, wellness and belonging.
Stay up-to-date on what’s happening at Indwell as well as on upcoming events in your community.
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Now more than ever, it is important that our tenants feel connected with others, even if they cannot be physically connected. Send a note of encouragement to be shared with our tenants who are feeling isolated at this time.
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