Financial Integrity and Sustainability

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.

We're in this together.

Thank you to the many people, businesses, churches, community associations, and service groups who partner with Indwell to provide hope and homes. We so appreciate the working relationships we have with many organizations, community and family foundations, and municipalities and their staff with whom we collaborate to end homelessness.

An overview of indwell's finances

The key to Indwell’s ability to provide hope and homes are our generous donors.

Development Costs

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.

Ongoing Programming 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.

FINANCIAL STATEMENTS

2018–2019 in numbers

HOURS VOLUNTEERED
IN 2019
(THE EQUIVALENT OF THREE FULL-TIME STAFF!)

Making Housing Affordable

A guide for facilitating partnerships with churches and charities to develop affordable housing

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It is good to see your organization flourishing thanks to the awesome work that people like you continue to do. I remain thankful that those I care about had a safe and supportive place to live. A blessing in very unfortunate and complicated circumstances throughout the years.

I am so thankful to your staff and the entire Indwell team. My daughter finally found peace and love, and she has gotten way better. She is doing great and we are all so proud of her.

Indwell is high on my list of organizations that I respect because of the positive Christian image they project. This is powerful.

Indwell is Ontario’s premiere supportive housing provider. They are values driven, entrepreneurial, and have the individuals they serve at the core of why they do what they do.

I love what this organization is doing! Breaking down barriers, showing their residents God's love, creating healthy communities to live in, taking measures to remove the "broken window" effect, The list goes on and on!

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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