Message from the Board of Directors Chair and Executive Director Type message here picture ANITA VERMA picture JOANNE JASPER ______________________ Anita Verma Chair, Board of Directors Joanne M. Jasper Executive Director Board of Directors Members: Pictures from left to right: Marie Bova Ted Bruger Frances Chapkin Marissa Colalillo Barbara Datlen-Kelly Haroon Gafur Patricia Hewitson Gail Johnson Beverly McClelland Gavin McIntosh Alex Remedios Lorne Shapiro, Robert Sewards 2 |
<strong>2008</strong> Summarized Financial Statements as at March 31, <strong>2008</strong> ASSETS <strong>2008</strong> 2007 Current assets Cash and short-term deposits $ 614,208 $ 515,180 Account receivable and other assets 2<strong>09</strong>,859 177,880 824,067 693,060 Property and equipment 115,513 97,140 $ 939,580 $ 790,200 LIABILITIES AND NET ASSETS Current liabilities Accounts payable and accrued liabilities $ 224,453 $ 167,118 Due to Local Health Integration Network 45,389 - Deferred revenue – grants 59,864 56,417 329,706 223,535 Deferred revenue – property and equipment 115,513 97,140 445,219 320,675 Net assets Internally restricted 325,523 325,523 Unrestricted 168,838 144,002 494,361 469,525 $ 939,580 $ 790,200 Summarized Statement of Operations and Net Assets Year Ended March 31, <strong>2008</strong> Revenue <strong>2008</strong> 2007 Government grants $ 1,684,436 $ 1,522,485 Fees for services 924,327 864,378 United Way of Greater Toronto 98,592 80,346 Other 37,141 45,854 2,744,496 2,513,063 Direct Program Expenses Salaries, benefits and training 1,951,708 1,797,004 Food, transportation and other 311,137 346,739 Rent 218,953 190,315 Administrative and other 99,492 116,435 Professional services 76,791 47,846 Amortization of property and equipment 61,579 41,591 2,719,660 2,539,930 24,836 (26,867) Excess (deficiency) of revenue over expenses 469,525 496,392 Net assets, beginning of year Net assets, end of year $ 494,361 $ 469,525 3 |