<strong>Reena</strong> Annual Report <strong>Reena</strong> Annual ReportTreasurer’s Reportby Donald Bennett, Chair,Finance CommitteeI’m pleased to report on some ofthe highlights for the fiscal endedMarch 31st, 2009.We ended with an overall surplus,$85,759. Ontario MCSS subsidiesincreased by some 5.8%. The largestgrowth in funding, totalling $784,675,was as a result of base and wage gapincreases. These new annualizedfunds allowed us to meet our PayEquity obligations, and to addresswage gap requirements.We welcomed five new clients intoservice with new MCSS fiscal fundingof slightly less than $300,000. As well,seven additional clients came intoservice during the year with fundingfrom other sources. By year-end, wehad been approved for six newarrivals.We received $289,000 in one-timedollars for the specific purpose ofmaintaining our properties. We’remost grateful to the Ministry for thismuch needed injection of fiscaldollars. We have used this money torenovate and upgrade a number ofgroup home kitchens, several washroomsincluding our Battle Centrelocation, and other smaller jobs.We opened our newest group homeat 240 Crestwood. This home, with acapacity of seven, will operate on aper-diem basis as a partnershipbetween <strong>Reena</strong>, Delisle YouthServices and York Support Services.Four young persons are currentlyresiding at this residence.<strong>Reena</strong> Foundation GrantsWe continue to operate ouroutreach and respite programs at adeficit. Without a significant annualgrant from our Foundation, theseprograms would most likely have tobe scaled back. During this fiscal year,<strong>Reena</strong> received outreach grants fromour Foundation of just under$400,000. The Ministry providedoutreach grants of approximately$29,000. The total budget for alloutreach programs exceeds $900,000,so it’s quite obvious that thecontinued survival of these programsdepends not only on fees fromparticipants, but on donations as well.<strong>Reena</strong> Foundation also providedgrants to assist us in furnishing onegroup home, and contributed towardthe successful KINUS Conference ofJune 2008. We’re most grateful to allmembers of <strong>Reena</strong> Foundation fortheir fund raising initiatives, whichmake <strong>Reena</strong> a better place.<strong>Reena</strong> Residential Building –Lebovic Campus<strong>Reena</strong> continues to spendconsiderable time, energy and moneyon the proposed <strong>Reena</strong> Residentialbuilding to be located at the newLebovic Campus in Vaughan. Thisfour-floor, 105,000 sq. ft., building willprovide affordable housing for 84persons in 60 apartments. <strong>Reena</strong> willbe owner and lead agency of thisapartment building, also to be sharedwith three other agencies. Theground floor will contain space for anenlarged Pathways program, whichwill permit a four-fold increase in thatprogram.The proposed building has thus farreached several milestones. We havefinalized the architectural drawingsand have formally applied to City ofVaughan for our building permit. Wehave pre-qualified potentialcontractors interested in bidding onthis $21,000,000 project. Applicationhas been made to InfrastructureOntario for mortgage financing. Thatapplication is under review at thismoment.The Ministry of Community andSocial Services has contributed$2,000,000 toward this building.Another $600,000 has been received infiscal 2009-10. The Region of York, inpartnership with the Federalgovernment, will provide $1.6 milliondollars during the construction phase,plus an additional $2.6 million dollarsover the next 20 years as part of theoperating budget.The project, the largest in <strong>Reena</strong>’s35-year history, is a daunting task.Aside from the size and scope of theproject, we’re trying to pull this offduring tough economic times. It’s aknown axiom that, during periods ofrecession, companies and individualstend to scale back on all expendituresof a discretionary nature. The declinein fund raising revenues has hurt allcharities, including <strong>Reena</strong> Foundation.<strong>Reena</strong>’s plan is to capitalize onconsiderable equity that hasaccumulated in privately- funded<strong>Reena</strong> and Batay <strong>Reena</strong> assets. We areplanning to borrow against some ofthose assets for the short term, untilsuch time when donations and fundraising will get back on track. We havemet with our bankers and it’s our hopeto be approved for a short-term loan of60 months duration. If approved, andassuming that the building permit is inour possession, this project will get offthe ground by late fall, 2009.In conclusion, I would be remiss if Idid not thank the members of theFinance Committee, who have sograciously committed to the cause andhave provided <strong>Reena</strong> with invaluableexpertise and professional advice:Stanley Abraham, Denis Boisselle,Councillor David Cohen, MortonCohen, Joan Gold, and Ron Kobric.Donald Bennett, CATreasurer – <strong>Reena</strong>16 • Annual Report • September 2009
Kolreena Kolreena <strong>Reena</strong> Foundation Kolreena KolreenaUpdate on the <strong>Reena</strong> Foundation BoardThe Board of Directors of <strong>Reena</strong> Foundation is pleased toannounce that at the Annual General Meeting of the<strong>Reena</strong> Foundation Board and Members, held ThursdayJuly 30, 2009, Leon Kieselstein was elected as Chair of theBoard. Other Officers elected were Irving Feldman, Vice-Chair: Ellis Orlan, Treasurer; and Steven Weisz, Secretary.Report of the Chairof the <strong>Reena</strong>Foundation Boardby Leon KieselsteinReport of thePresidentby Gary SimIam both very honoured and veryexcited about serving as Chair ofthe <strong>Reena</strong> Foundation for the nexttwo years. As we reflect on the life ofone of <strong>Reena</strong>’s founders – RabbiJoseph E. Kelman - I am reminded of<strong>Reena</strong>’s great history and the amazingsuccession of great leaders that <strong>Reena</strong>has attracted. There is no doubt that itis this strong leadership from thecommunity that has made <strong>Reena</strong> theworld class organization it is today. Ilook forward to working with theleadership of <strong>Reena</strong> in defining how<strong>Reena</strong> Foundation can play animportant role in building the futureof <strong>Reena</strong>.<strong>Reena</strong> Foundation recently held itsAnnual General Meeting. Our Boardof Directors that will take us throughthe next years is full of promise for abrighter fundraising future and I lookforward to working with each of ourvolunteer leaders in raising moremoney.Over the coming year, we will focuson three key thrusts;First, we will focus on ourfundraising priorities. We willaggressively pursue our target tocomplete the first half of our $18million Capital Campaign that will seethe completion of the new <strong>Reena</strong>Residential Building on the LebovicCampus in Vaughan. Tobie BekhorWe have passed some verysignificant milestones in ourattempts to build asubstantial endowment fund at <strong>Reena</strong>Foundation. <strong>Reena</strong>’s 100thendowment fund was recentlyestablished. Just this past year, thetotal in <strong>Reena</strong>’s endowment fundsurpassed the $2 million mark! WeNew Members and Directors elected were Ellis Orlan andJeff Shankman.The Board would like to extend its sincere thanks toretiring Board members, Murray Klein, Jeff Rayman andHoney Schipper for their years of service, dedication andcaring.and Irving Feldman, our CampaignCo-Chairs, continue to build apowerful fundraising Cabinet. Inaddition, we will continue to fully fundthe Respite and Enrichment Programsthat today serve over 800 of <strong>Reena</strong>’skids.Second, we will support and buildour New Leadership Division. We wantto see more membership in thisdynamic group. I especially lookforward to working with Steven Weisz,the chair of our New LeadershipDivision and his team. It is our desireto help train, motivate and empowerthis energetic and talented group ofyoung people. This group is the futureof <strong>Reena</strong> and our community and theyneed and deserve all of our dedicatedand enthusiastic support.Finally, in these tough andchallenging times we will redouble ourefforts to build relationships andcommunications with our primarystakeholders – our donors, ourvolunteers and our sister company<strong>Reena</strong>. It is relationships and thestrength of them that will see usthrough the worst and best of times.I look forward to working with theentire <strong>Reena</strong> team in making thesepriorities a reality. In closing, from myfamily to yours, let me wish you andyour families a Happy New Year, aneasy fast and a sweet year.have come a long way.But you may ask why this isimportant. It has been said that allgreat service organizations can bemeasured by their endowment fund. Itis a tribute to the level of communitysupport for an organization, but it isalso a clear indication that thecontinued on page 18Kolreena • September 2009 • 17