Page 13 - Defining New Ways - CHC Annual Report 2018

STATEMENT OF OPERATIONS NON-PROFIT FAMILIES 2018

Other Rental Revenue
3,212,542
2018 3,722,238
NON-PROFIT
FAMILIES
REVENUE

$9,974,099 Subsidy: Operating
Subsidy: Capital 2,352,492
418,313
The Non-Profit Families
program provides housing to
families in the City of Windsor
and County of Essex at both Subsidy: Rental
affordable market rents and Supplement
on a rent-geared-to-income 138,177
(RGI) basis. About 40% of this
program is affordable market
rent while 60% is dedicated Salaries, Wages
to the RGI program. The Professional and Benefits
program receives municipal Fees 32,887 596,428
funding through a set HSA
subsidy formula. Municipal Taxes Office
1,046,275 Administration
212,231
2018
NON-PROFIT Insurance
Utilities 219,647 Premiums
FAMILIES 69,732 Interest
EXPENDITURES 670,037
Bad Debts
69,322
$5,334,868

Amortization of
Tangible Capital
Materials and
Services Assets
1,318,250 1,100,059

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CHC ANNUAL REPORT