Financials – The WoodGreen Foundation
Message from the Chair of The WoodGreen Foundation
As I move into the role of Chair, I am grateful to our Past Chair, Michael Worb, for his leadership and dedication to WoodGreen.
I am also pleased to welcome Teresa Vasilopoulos as our new Executive Director of The WoodGreen Foundation. Teresa has an impressive record of fundraising success in both the domestic and, more recently, international sectors and has a particular interest in WoodGreen’s leadership work in poverty reduction, health and homelessness.
Through the support of generous donors and by combining WoodGreen’s entrepreneurial and innovative approach WoodGreen is able to develop pilot programs that are leading to sustainable solutions in the social service sector. One program that illustrates the incredible impact we are able to achieve through donor support is the Homeward Bound program. A four year wrap around program for single mother-led families, Homeward Bound is seeing 98% of its graduates finding fulltime family sustaining careers and is truly breaking a generational cycle of poverty. Continuing to set the pace in the social service sector, WoodGreen has recently launched a new program to help youth transition out of care, expanded senior support programs and established the online portal to assist a smooth transition to support programs for Syrian refugees as they arrive in Canada. WoodGreen has also been named an Ontario Financial Empowerment Champion in recognition of our services for people living on a low income.
As you read through the stories of success in the Annual Report, I hope you are able to take pride in what we have achieved together. It is only with your support that all of this work is possible. On behalf of the Foundation Board, I would like to sincerely thank each and every one of our donors, supporters and partners who, together, are helping us break the cycle of poverty and building new pathways to opportunity.
Chair, The WoodGreen Foundation
THE WOODGREEN FOUNDATION
COMMUNITY CARE EAST YORK FUND
|Investment income earned on fund balances||17,790||12,155|
|Less: Donations to WoodGreen Community Services||-||-|
THE WOODGREEN FOUNDATION
CONDENSED STATEMENT OF REVENUE
AND EXPENSES – 2016-2017 FISCAL YEAR
|Investment income and change in fair value of investments||37,103||23,249|
|Fundraising and special events||9,660||14,492|
|Excess (deficiency) of revenue over expenses before donations||1,010,168||1,126,608|
|Donations to WoodGreen Community Services||(439,288)||(407,259)|
|Donations to WoodGreen Community Housing Inc.||-||(3,200)|
|Donations to WoodGreen Settlement Corporation||(100,000)||–|
|Excess of revenue over expenses||470,880||716,149|
|Fund Balances - beginning of year||3,664,627||2,948,478|
|Fund Balances - end of year||4,135,507||3,664,627|