Page 12 - Aspire to acheive - Inspire to succeed | CHC Annual Report 2019

c h c a n n u a l r e p o r t

STATEMENT

Consolidated Operations 2019

2019 CONSOLIDATED REVENUE 2019 CONSOLIDATED EXPENDITURES
$44,422,363 $42,750,403
Other Rent
2,184,307 Rental Revenue Supplement
22,306,825 Professional Fees Costs 1,421,164 Salaries, Wages
Subsidy: Capital Insurance 260,447 and Benefits
3,188,928 Premiums 7,651,374
813,841
Subsidy: Rental Office
Supplement Administration
Municipal Taxes
1,123,600 1,723,065
7,423,739
Bad Debts
1,140,653 Interest
660,690
Utilities
6,662,143
Amortization
Subsidy: Operating
15,618,703 5,504,954
Social and
Recreational
Programs Materials and
184,923 Services
9,303,410

2019 Windsor Essex CHC Revenues 2019 Windsor Essex CHC Expenditures

TOTAL: $44.4 million TOTAL: $42.8 million
Including: Including:
$22.3 million in Rental Revenues $9.3 million in Materials and Services
$15.6 million in Service Manager Operating Subsidies $7.4 million in Municipal Property Taxes
$3.2 million in Capital Subsidies $7.7 million in Salaries, Wages and Benefits
$2.2 million in other Revenues, such as: solar, $6.7 million Utilities
rooftop antenna rentals, parking and laundry. $814 thousand in Insurance Premiums

Policies set through Housing Services Act (HSA) established by the About 50% of CHC's expenses are considered not directly
province, directly impact and restrict CHC revenue. controllable by the corporation. These expenses include:
insurance, municipal taxes, utilities, amortization and interest.

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