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Financial Information

Coming Together to Extend the Hand of Friendship: Operating Revenue

House of Friendship has an annual operating budget of almost $5.3 million. About two-thirds of that revenue comes from various levels of government - Region of Waterloo 34%; Province of Ontario 28%; Municipal (cities of Kitchener and Waterloo) 2% and Federal Government 1%. Direct operating donations comprise about 18% and an annual United Way grant is about 6% of the budget. Fees paid by participants in our residential programs are about 7% and other income about 4%.

In addition to the sources of revenue noted here, we receive over 1,300 non-monetary or “in-kind” donations annually that do not appear on our financial statements. These include food, clothing, furniture and other household items. We estimate the value of such gifts to be approximately $2 million annually. Meanwhile, over 1,000 volunteers contribute almost 50,000 hours or the equivalent of $500,000 in labour. These donations help us to keep expenses to a minimum and to stretch resources even further.

Thanks to all of you who assist others through your cash donations and gifts-in-kind.

Keeping Our Promise: Spending by Service Area

Our cost of administration is estimated to be approximately 17% of our annual operating budget.

Annual Report - Click here to view a copy of our 2009-2010 Annual Report with full audited financial statements and program statistics.