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.

Overwhelming generosity

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.

An overview of indwell's finances

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.

RevenuesCurrent YearPrevious Year
Donations2,326,7951,601,708
Operating Grants (Ministry of Health)3,358,8232,686,213
Operating grants (municipal, other) 1,411,7141,190,459
Rent, room and board5,278,4244,333,239
Commercial rentals, services, other406,724806,439
Flourish revenue1Flourish revenue is eliminated upon consolidation in Indwell’s audited financial statements735,938N/A
TOTAL2Does not include capital grants and donations13,518,41810,618,058
ExpensesCurrent YearPrevious Year
Program6,543,7075,849,806
Facilities Management3Excludes amortization of $2,613,812 (2021) and $2,263,670 (2020)2,438,9501,622,352
Interest2,088,9272,011,281
Administration1,779,0331,329,231
Fundraising and communications610,353486,968
TOTAL13,460,97011,299,638

Revenue Breakdown (%)

Expenses Breakdown (%)

FINANCIAL STATEMENTS

2020–2021 in numbers

0
HOMES OPENED
0
DONORS
$ 0 M
IN DONATIONS

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Send a note of encouragement

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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