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Your Home of Choice ANNUAL REPORT 2018
Your Home of Choice
ANNUAL REPORT
2018
Community Quality Care Safe Environment Integrity Compassion
2018 HIGHLIGHTS 2018-2020 Strategic Plan finalized and implemented
2019-2021 Business Plan finalized and implemented
COR Safety Certification maintained for the 5th consecutive year
New signage for Meridian Housing Foundation Administration Office
Yardi EFT setup for direct deposit payment of vendors
Advocacy work for funding of affordable housing project
Advocacy for increase in lodge security
Staff received best practices training
Canada Summer Job Grant supported hiring of 2 summer students
Creation and installation of double-sided mural, “Comforts Past”
Live on social media – Facebook and Twitter
Introduced Resident Council meetings
First booth at Tri-Municipal Expo in Trans Alta Tri-Leisure Centre in Spruce Grove
2018 Housing Turnover Move-ins Move-Outs
Supportive Housing 24 24
Independent Housing 28 26
2018 Summary Total Units Seniors Served Seniors Waiting Average Age
Lodge 57 57 66 87
Independent Lodge 42 50 37 87
Self-Contained Apartments 135 148 85 78
Affordable Housing 6 10 3 72
Total 240 266 191
“Our vision is of inclusive communities that provide a safe and secure home for all”
Community Quality Care Safe Environment Integrity Compassion
2018 FINANCIAL SUMMARY
Statement of Financial Position Financial Report
Assets
Revenue Expenses
Current
Rent Revenue /Recoveries $1,878,858 Salaries and benefits $2,071,902
Cash, cash equivalents $3,327,152
Municipal requisitions $897,916 Amortization $296,379
Accounts receivable $7,433
Lodge assistance grant $387,302 Food & kitchen supplies $271,384
GST recoverable $20,351
Management Fees $397,884 Repairs & maintenance $304,174
Prepaid expenses $43,526 Other income $164,280 Utilities $211,225
$3,398,462 Office/Interest $292,862
Tangible Capital Assets $7,345,154
$10,743,616
Liabilities– Current
Current
AP and accrued liabilities $205,501
Deferred contributions– operations
$143,000
Current portion of long term debt
$168,305
$516,806
Long Term Debt $1,464,873
Deferred contributions- Tangible capital assets
$2,223,799
$4,205,478
Net Assets
Unrestricted net assets (deficit)
-$60,231
Internally restricted net assets $3,110,192
Invested in tangible capital assets $3,488,177
$6,538,138
$10,743,616
Salaries and
benefits, $2,071,902 , 60%
Amortization, $296,379 , 9%
Food & kitchen supplies,
$271,384 , 8%
Repairs & maintenance, $304,174 , 9%
Utilities, $211,225 , 6%
Office/Interest, $292,862, 8%
MHF 2018 Expenses
Salaries and benefits
Amortization
Food & kitchen supplies
Repairs & maintenance
Utilities
Office/Interest
Rent Revenue /Recoveries,
$1,878,858 , 51%Municipal
requisitions, $897,916 , 24%
Lodge assistance grant, $387,302 , 10%
Management Fees, $397,884 , 11%
Other income, $164,280 , 4%
MHF 2018 Revenue
Revenue
Rent Revenue /Recoveries
Municipal requisitions
Lodge assistance grant
Management Fees
Other income
“Our mission is to provide and
manage independent, supportive
and affordable housing to seniors,
individuals and families thereby
creating an inclusive community”
Community Quality Care Safe Environment Integrity Compassion
75,000+ Meals Served
11,000+ Loads of Laundry
1,000+ Contractor Visits
995 Emergency Alert Responses
486 Hours of Staff Training
72 Safety Observations
46 Employees
42 Team Meetings
41 Volunteers
36 Certified First Aiders
10 Fire Drills
Meridian Housing Foundation 5303-47th Street
Stony Plain, AB, T7Z 1P1 780-963-2149
www.meridianhousingfoundation.ca
