Page 13 - 2015 CHC Annual Report

Windsor Essex CHC 2015 Annual Report www.wechc.com 13

STATEMENT OF OPERATIONS

2015 CHC - Consolidated Statement of Revenue WINDSOR ESSEX CHC
$38,356,929 REVENUES
TOTAL: $ 38,356,929 MILLION
Rental revenue
Including:
Rent Subsidy
• $18 in Rental Revenues
$13,741,828 $18,751,315 Capital Contributions • $13.7 million in Service
Other
Manager Operating Subsidies
Service Manager Operating • $3.2 million in Capital
subsidy
Subsidies
$809,202 • $809 million in other
$3,279,330 $1,775,254
Revenues, such as: solar, roof-
top antenna rentals, parking
and laundry.
Policies set through Housing
Services Act (HSA) established by
the province, directly affect and
restrict CHC revenue.

2015 CHC - Consolidated Statement of WINDSOR ESSEX CHC
Expenditures $34,690,154 EXPENDITURES

$6,808,579 $5,625,064 $1,395,626 Salaries Benefits and Wages TOTAL: $34,360,154 MILLION
$786,346 Administration Expenses
$1,588,418 $1,361,309 Insurance premiums Including:
$384,193 Mortgage Interest (NPS/NPF) • $7.5 million in Utilities
$2,214,823 Mortgage Payments (NPS/NPF) • $6.8 million in Municipal
$7,463,232 Materials and Services
Utilities Property Taxes
$7,062,563 Bad debts • $5.6 million in Salaries,
Rent supplement costs
Municipal taxes Benefits and Wages
About 59% of CHC’s expenses
are consdiered to be not
directly controllable by the
corporation. These expenses
inlucde: utilies, municipal
property taxes, amortization
and insurance.