Financials – The WoodGreen Foundation
We are sincerely grateful for the generosity and visionary support of our donors, partners and collaborators. We commend you for putting your beliefs into action, and fostering a Toronto where everyone has the opportunity to thrive.
This year your donations helped us to serve over 37,000 individuals. You made it possible to establish resettlement services for Syrian refugees, for an additional 17 women to graduate from the Homeward Bound program, for the formation of a barrier free seniors crisis line, just to name a few. Everything we do within our neighbourhoods and communities is made possible through your generous support.
As you read through the next few pages, you will find the names of individuals and organizations that support WoodGreen’s vital services and strengthen our work in social innovation. Through the commitment and philanthropic support of our donors, we are able to make progress towards our shared goal of creating opportunities for all Torontonians. On behalf of the Foundation Board, I would like to sincerely thank our donors, partners and supporters – we are deeply indebted to you.
Michael Worb
Board Chair, The WoodGreen Foundation
THE WOODGREEN FOUNDATION
COMMUNITY CARE EAST YORK FUND
| 2016 | 2015 | |
|---|---|---|
| $ | $ | |
| Closing Balance | 1,183,443 | 1,142,719 |
| Opening Balance | 1,142,719 | 1,169,610 |
| RECIEPTS | ||
| Donations | 28,569 | 225 |
| Investment income earned on fund balances | 12,155 | 34,419 |
| Total | 1,183,443 | 1,204,254 |
| DISIMBURSEMENTS | ||
| Less: Donations to WoodGreen Community Services ** | - | 61,535 |
THE WOODGREEN FOUNDATION
CONDENSED STATEMENT OF REVENUE
AND EXPENSES – 2015-2016 FISCAL YEAR
| 2016 | 2015 | |
|---|---|---|
| $ | $ | |
| Excess of revenue over expenses | 716,149 | 58,671 |
| Fund Balances - beginning of year | 2,948,478 | 2,889,807 |
| Fund Balances - end of year | 3,664,627 | 2,948,478 |
| REVENUE | ||
| Donations | 1,209,078 | 1,182,147 |
| Special events | 1,828 | 88,593 |
| Investment income and change in fair value of investments | 23,249 | 53,506 |
| Total | 1,234,155 | 1,324,246 |
| EXPENSES | ||
| Fundraising and special events | 14,492 | 63,580 |
| Administrative | 93,055 | 104,015 |
| Amortization of capital assets | - | - |
| Total | 107,547 | 167,595 |
| Excess (deficiency) of revenue over expenses before donations | 1,126,608 | 1,156,651 |
| Donations to WoodGreen Community Services | (407,259) | (331,635) |
| Donations to WoodGreen Community Housing Inc. | (3,200) | (66,345) |
| Donations to WoodGreen Settlement Corporation | – | (700,000) |