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Financial Information

Operating Revenue

House of Friendship has an annual operating budget of approximately $5 milliion. About two-thirds of that revenue comes from various levels of government - Region of Waterloo 37%; Province of Ontario 25%; Municipal (cities of Kitchener and Waterloo) 2% and Federal Government 3%. Direct operating donations comprise about 16% ($758,865) 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 as well as 45,000 hours of volunteer labour. We estimate the value of such gifts to be approximately $2.5 million annually. These donations help us to substantially reduce our annual operating expenses.

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

Spending by Service Area

Our cost of administration is estimated to be approximately 15% of our operating budget.

Annual Report - Click here to view a copy of our 2006-2007 Annual Report with full audited financial statements and program statistics.   Annual Report0607