Streetohome
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
B
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
Low
DEMONSTRATED IMPACT
The demonstrated impact per dollar Ci calculates from available program information.
NEED FOR FUNDING
Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.
80%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 80 cents are available for programs.
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OVERVIEW
About Streetohome:
Streetohome Foundation is a 2-star, financially transparent charity with a Low impact rating and an average B results reporting grade. It has over five years of program costs covered by reserve funds and 20% overhead spending. For every dollar donated, 80 cents are available to go to the cause.
Founded in 2008, Streetohome Foundation funds projects aimed at eliminating homelessness in Vancouver. The charity funds projects based on need and addresses feasibility in extensive business cases in which it highlights the costs, goals, and expected outcomes. Streetohome Foundation’s past homelessness reduction projects include WorkWithUs, Homeward Bound, STEP Program, and Vancouver Rent Bank.
In the December 2024 fiscal year, it distributed $674k which funded five projects: Recovery Café ($400k), Delancey Street Vancouver ($269k), ATC Facilitator Training ($3k), Therapeutic Community Project Management ($1k), and Smart Cities Life Intentions Action Plan ($1k). It also spent $281k on other program operations in 2024.
Streetohome Foundation reported funding 13 projects, financing development of 14,38 homes, and changing the lives of over 11,000 people in Vancouver since founding. It did not report quantified results for its current projects at the time of this profile update.
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Results and Impact
Streetohome Foundation reported the following results from its past projects:
WorkWithUs: helped over 200 homeless people find work since 2017.
Homeward Bound: moved over 140 program participants into community housing since 2019.
STEP Program: moved over 120 people into affordable housing since 2017.
Vancouver Rent Bank: thanks to the financial support provided by this program, it prevented over 1,400 people from becoming homeless since 2012.
While Charity Intelligence (Ci) highlights these key results, they may not fully represent Streetohome Foundation’s results and impact.
Ci has given Streetohome Foundation a Low impact rating. This is based on its demonstrated social impact per dollar spent.
Impact Rating: Low
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Finances
Streetohome Foundation is now fully financially transparent as of July 31, 2025. This means its 2024 and 2023 audited financial statements are publicly available on its website.
The charity’s audited financial statements follow line-item costing. This means it does not clearly separate expenses into program, administrative, and fundraising activities. This is not a best practice.
Streetohome Foundation received $1.1m in donations in 2024 (72% of total revenue) and $400k of government funding (26% of revenue).
Administrative costs are 14% of total revenue and fundraising costs are 6% of donations. Its 20% overhead spending means that for every dollar donated, 80 cents are available to go to the cause. This is within Ci’s reasonable range.
The charity spent $969k on programs and grants in 2024 – a 40% decrease from $1.6m spent in 2023. Streetohome Foundation is financing the Addiction Recovery Community Housing facility which has been under construction since June 2025.
At the end of 2024, Streetohome Foundation had $4.9m in reserve funds (cash and investments). Its reserves can cover 506% or just over five years of its annual program spending. This exceeds Ci’s 300% reasonable limit.
Profile updated by Julian Dranitsaris on August 6, 2025. Comments and corrections may be forthcoming.
Questions? Contact jdranitsaris@charityintelligence.ca
Financial Review
Fiscal year ending December
|
2024 | 2023 | 2022 |
|---|---|---|---|
| Administrative costs as % of revenues | 13.9% | 18.5% | 24.4% |
| Fundraising costs as % of donations | 5.6% | 10.2% | 16.4% |
| Total overhead spending | 19.5% | 28.6% | 40.8% |
| Program cost coverage (%) | 506.0% | 289.2% | 633.9% |
Summary Financial StatementsAll figures in $s |
2024 | 2023 | 2022 |
|---|---|---|---|
| Donations | 1,107,767 | 861,668 | 516,355 |
| Government funding | 400,000 | 400,000 | 400,000 |
| Investment income | 26,228 | 21,031 | 15,573 |
| Other income | 556 | 2,568 | 2,106 |
| Total revenues | 1,534,551 | 1,285,267 | 934,034 |
| Program costs | 280,867 | 238,768 | 233,078 |
| Grants | 687,690 | 1,385,275 | 623,053 |
| Administrative costs | 209,473 | 233,853 | 224,506 |
| Fundraising costs | 62,209 | 87,459 | 84,507 |
| Total spending | 1,240,239 | 1,945,355 | 1,165,144 |
| Cash flow from operations | 294,312 | (660,088) | (231,110) |
| Capital spending | 0 | 0 | 0 |
| Funding reserves | 4,900,413 | 4,696,715 | 5,426,949 |
Note: 1. LINE-ITEM COSTING: Since Streetohome Foundation's audited financial statements follows line-item costing, Ci referred to its T3010 filings with the CRA to report program, administrative, and fundraising expenses. 2. GRANTS DISTRIBUTED: Ci included the value of grants distributed but reported below the line in expenses. This affected total expenses by $688k in 2024, $1.4m in 2023, and $623k in 2022. 3. DEFERRED DONATIONS: Since Streetohome Foundation follows deferred accounting, Ci adjusted donations for changes in deferred contributions to show donors the year-to-year movement of cash within the charity. This affected total revenue by $294k in 2024, ($633k) in 2023, and ($254k) in 2022.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
1 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
0 |
$40k - $80k |
2 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2024
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Comments & Contact
Comments added by the Charity:
Charity Contact
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