Page 12 - Realign | CHC Annual Report 2021

STATEMENT 2021

Consolidated Operations

2021 WINDSOR ESSEX CHC CONSOLIDATED REVENUE 2021 WINDSOR ESSEX CHC EXPENDITURES
$49,666,000 $46,060,000
Other Rent
4,012,000 Rental Revenue Professional Fees Supplement
22,281,000 Costs 1,827,000 Salaries, Wages
Subsidy: Capital 215,000
2,050,000 Insurance and Benefits
Premiums 7,937,000
1,389,000
Subsidy: Rental Office
Supplement Administration
Municipal Taxes
2,264,000 1,548,000
8,079,000
Interest
403,000
Utilities
7,055,000
Amortization
4,885,000
Bad Debts
Subsidy: Operating 393,000
19,059,000 Social and Recreational Materials and
Services
Programs
12,215,000
78,000

2021 Windsor Essex CHC 2021 Windsor Essex CHC
REVENUES EXPENDITURES

TOTAL: $49.6 million TOTAL: $46 million
Including: Including:
$22.3 million in Rental Revenues $12.2 million in Materials and Services
$19 million in Service Manager Operating Subsidies $8.1 million in Municipal Property Taxes
$2.3 million in Rental Supplement Subsidies $7.9 million in Salaries, Wages and Benefits
$2 million in Capital Subsidies $7 million Utilities
$4 million in other Revenues, such as: solar, rooftop $1.5 million Office Administration
antenna rentals, parking and laundry.
$1.4 million in Insurance Premiums
About 50% of CHC's expenses are considered not directly
The province’s policies set through Housing Services Act (HSA) controllable by the corporation. These expenses include:
directly impact and restrict CHC revenue. insurance, municipal taxes, utilities, amortization and interest.

CHC continually monitors our financial position and provides regular updates to the Board of Directors. In compliance with Ontario Business Corporations Act,
KPMG, the appointed auditors for CHC, completed an audit of our financial position from January 1, 2021, to December 31, 2021. Those findings have been
summarized on pages 12-16 of this annual report.

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