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ANNUAL REPORT 2014FOR THE YEAR ENDED MARCH 31, 2014

1 | HORIZON HOUSING SOCIETY 2014 ANNUAL REPORT | 2

2013 has been an important year for Horizon Housing Society. Since our beginnings in 1976, we have continually focused on improving our service and supports by attracting exceptional people and building strong processes. Over the past 38 years, we have constantly become better at building integrated communities where everyone enjoys a sense of purpose and feels respected. In 2013, we solidified our leadership role, not just in the affordable housing community but within the community at large through two significant events. This past year, Horizon Housing’s Alice Bissett Place received the prestigious Building of the Year (101+ Units) award from the Calgary Residential Rental Association. This award recognizes Alice Bissett Place as a property that is safe, secure and well maintained while also inspiring a sense of pride and comfort among its tenants. Winning this award, in competition with buildings operated by institutional and for-profit owners, serves as a testament that affordable housing really can operate at the highest standards.

In addition, the management team conducted a tenant satisfaction survey along with an internal engagement survey of staff that clearly demonstrates we are doing things right. Overall, our tenants feel safe living in our buildings and they feel welcome, supported and part of a community. Our staff responded that they feel a great sense of purpose and connection to our vision.

I am proud of what we’ve accomplished and am confident to move forward with our strategic plan and initiatives such as the RESOLVE Campaign. This progress means we can continue to build and provide affordable housing for Calgarians in need.

This is my first year as Board Chair. It has been a year of growth, of learning and appreciation for all the Horizon Housing team does, every day, to make a difference. Our role as the board is to provide governance and oversight to ensure our organization has the essentials needed to sustain its success today and into the future. We are confident that we do. Our leadership role is solid. Our foundation is strong.

I would like to extend my personal thanks to my fellow board members for their dedication and, on behalf of Horizon Housing Society’s Board of Directors, I would like to thank our staff, donors, volunteers, and stakeholders for their support. Your commitment to our vision and mission makes great things possible. You make a difference, everyday, in what we do and what the future will be for Horizon Housing. I am excited by the possibilities as together, we build a stronger Horizon for Calgarians in need.

WE VALUE

MAKING A DIFFERENCE

Ian MacDonald Q.C. President, Board of Directors

Horizon Housing Society

OUR

MISSION

OUR

VISION

2013 / 2014

OPERATIONAL HIGHLIGHTS

TO PROVIDE APPROPRIATE HOMES IN AN INTEGRATED

ENVIRONMENT TO PERSONS WITH MENTAL HEALTH

CHALLENGES OR OTHER SPECIAL NEEDS.

ALL PEOPLE WITH SPECIAL NEEDS ARE LIVING IN

APPROPRIATE HOMES INTEGRATED WITHIN OUR

COMMUNITY.

581UNITS OWNED& OPERATED

638TENANTS

5.6AVERAGE YEARS

OF TENANCY

$446AVERAGE ONE BEDROOM

RENT

FULL TIMESTAFF MEMBERS

SPENT IN CAPITAL UPGRADES THIS YEAR$439,883 SPENT IN CAPITAL UPGRADES IN

THE LAST 5 YEARS

OVER

$1.43M

21

APARTMENTBUILDINGS7SUPPORTEDGROUP HOMES8

1 | HORIZON HOUSING SOCIETY

(L TO R): KELLY TABOR – DIRECTOR, HILARY ZAHARKO – DIRECTOR, KATHY YUEN – DIRECTOR, DON PEARD – VICE PRESIDENT, IAN MACDONALD – PRESIDENT, DIANE SUTHERLAND – DIRECTOR, WADE PAGET – TREASURER, SIMONE HUGHES – DIRECTOR,

BRYAN ROMANESKY – DIRECTOR, LORRAINE MOONEY – SECRETARY, BRYCE MCLEAN – DIRECTORMISSING: TONYA CURRIE – DIRECTOR, BRIAN PILLER - DIRECTOR, CHRIS WALLACE – DIRECTOR

2014 ANNUAL REPORT | 2


SINCE ITS INCEPTION IN 1976, HORIZON HOUSING SOCIETY HAS CONTINUALLY MET OUR

COMMUNITY’S INCREASED DEMAND FOR INNOVATIVE AND STRATEGIC SOLUTIONS FOR

THOSE WHO NEED IT MOST. OUR CAPACITY TO BE RESOURCEFUL AND COMPASSIONATE

IN OUR RESPONSES TO SOCIAL DEMANDS AND INDIVIDUAL NEEDS, DEMONSTRATES THE

STRENGTH OF OUR PEOPLE AND OUR LEADERSHIP ROLE IN THE

AFFORDABLE HOUSING SECTOR.

EXECUTIVE DIRECTOR, KIM O’BRIEN TOOK THE HELM OF HORIZON

HOUSING IN 2008. AN ENERGETIC AND VISIONARY LEADER, KIM

HAS A PASSION FOR WORKING AS ONE VOICE, ONE COMMUNITY, TO

ADDRESS CALGARY’S MOST PRESSING SOCIAL ISSUE – THE LACK

OF AFFORDABLE HOUSING.

SHE SHARES HER VISION AND HER

THOUGHTS ON HOW WE CAN ALL MAKE

A DIFFERENCE TO ENSURE EVERY

CALGARIAN HAS A PLACE TO

COME HOME TO IN OUR CITY.

WHAT MAKES HORIZON HOUSING LEADERS IN AFFORDABLE HOUSING?A while ago, I read that there are three attributes all leaders share. Courage. Curiosity. And Wisdom.

I believe we demonstrate all of these every day across everything we do.

On an organizational level, we have the courage to make bold decisions and see them through. Like joining the RESOLVE Campaign. This is an innovative capital campaign that has never been done before in North America. Yet, we believe addressing the affordable housing crisis in our city is critical. RESOLVE gives us both the voice and the platform to truly make a difference. Rather than being fearful of the unknown, we stepped into it and said, let’s make it work. Along with eight other agencies, our government partners, and our corporate and philanthropic partners, we are making it happen. That’s exciting.

From the perspective of curiosity, we’re all about constantly challenging ourselves by asking the question, “Why?” Why are we doing something in a particular way? Is there a better way? Could we collaborate with another organization to do this more effectively and leverage our impact? We are always seeking better opportunities, partnerships, and practices to improve how we serve people and shepherd our resources to ensure the work we do in our community is both effective and sustainable.

As to wisdom, we are a very smart organization. We have decades of experience in property management which we put into practice every day. We are also committed to sharing it with others.

Our goal is to create opportunities for everyone to succeed. For our tenants, this means housing that establishes a sense of safety, security and well-being. For our staff, it means a supportive work environment that celebrates each person’s capacity to contribute, learn and progress. For our partners, it means recognizing the boundaries of our areas of expertise, and creating the space for them to bring their best to the

WHAT MAKES HORIZON HOUSING GREAT?The quality and commitment of our people. I’m really proud of the recognition we received this past year, and more than anything, I am proud of our people. Last year, we wanted to understand how staff found meaning in their work. Without question, it was that people connected not just with ‘the cause’ but with the impact they have on individual lives and in communities.

We are a group of people who seek partnerships, within the organization and outside it as well. Partnerships are key to our success, and everyone here is committed to working collaboratively and cooperatively. We don’t need to be all to everybody, we just need to find the right people to work together with us to ensure everyone has a place to call home.

table. And for the communities in which we live and work, it means working together to address concerns and celebrate successes where everyone benefits.

WHAT WILL IT TAKE TO BUILD HORIZON HOUSING INTO THE FUTURE?I am really excited about how we are continuing to up our game and demonstrate leadership in everything we do. Over the years, we’ve built a solid foundation in our operations and their scalability. We’re smart operators.

We’ve got the resources and processes in place to continue to grow our housing portfolio so that we can keep housing people into the future and making a difference for all of Calgary.

Our goal is to be best in class in everything we do, which means, we’ve got to be smarter about how we envision the homes we’re building and we need to constantly improve what we do to benefit the whole community. To be good for one, it must be good for everyone.

We have to keep attracting the right people to the sector, and we must keep connecting people, not just within the sector, but throughout the whole city.

We have to be flexible and innovative. We have to bring heart to our work and ensure we capture the minds of everyday Calgarians so everyone understands the role they play in ending social issues like homelessness and the social and cost benefits of providing affordable housing to people in need.

To build strong, healthy communities, we need to work to ensure everyone has a home where they know they are safe in a community that cares.

WE VALUE

OUR PEOPLE

“Our goal is to create opportunities for everyone to succeed: our tenants, our staff, our partners and ultimately, our community.”

5 | HORIZON HOUSING SOCIETY 2014 ANNUAL REPORT | 6 2014 ANNUAL REPORT | 6

CALGARY IS WITNESSING THE IMPACT THAT

INNOVATIVE SOLUTIONS CAN ACHIEVE ON

SEEMINGLY INSURMOUNTABLE SOCIAL

ISSUES. THE RESOLVE CAMPAIGN IS AN

INNOVATIVE SOLUTION THAT IS GAINING

MOMENTUM. ALONG WITH HORIZON

HOUSING SOCIETY, EIGHT OTHER SOCIAL

SERVICE AGENCIES HAVE COME TOGETHER

WITH INDUSTRY, GOVERNMENT AND

COMMUNITY PHILANTHROPISTS TO

ADDRESS THE CRITICAL SHORTAGE OF

AFFORDABLE HOUSING IN OUR CITY.

THROUGH THIS FIRST-OF-ITS-KIND CAPITAL

CAMPAIGN IN CANADA, THE PARTNERS

ARE COLLECTIVELY TRANSFORMING THE

AFFORDABLE HOUSING CRISIS IN OUR CITY

AS WELL AS ITS SOCIAL LANDSCAPE.

HORIZON HOUSING BELIEVES IN

COLLABORATION AND, THROUGH

RESOLVE, WILL RAISE $10 MILLION FOR

160 UNITS OF AFFORDABLE HOUSING. IN

TOTAL, RESOLVE WILL RAISE $120 MILLION

FOR AFFORDABLE HOUSING IN CALGARY

THAT WILL PROVIDE HOMES TO 3,000

CALGARIANS IN NEED.

WE ARE GAINING GROUND. WE ARE

BRIDGING THE GAP AND LEADING THE WAY

HOME FOR THOUSANDS OF CALGARIANS.

RESOLVE was created because there is a critical shortage of affordable housing in Calgary. Calgary is blessed with a prosperous economy, but with growth comes challenges. We have the lowest vacancy rate in Canada, a situation that is pushing up rental rates. It is our most vulnerable citizens who are most affected.

Calgary has led the nation in innovative solutions to homelessness. We were the first in Canada to develop a comprehensive 10 Year Plan to End Homelessness. Other cities in Canada are now following our lead.

One of the biggest obstacles to reaching the goals of the 10 Year Plan is the lack of affordable housing infrastructure. It is no surprise that Calgary is once again leading the nation with an innovative solution to this challenge.

No other city has nine social service agencies working together to solve a problem that affects our whole community.

No other city has over 20 distinguished community leaders volunteering their time and expertise to make a difference and no other city has industry, government and community philanthropists stepping up to do their part.

Calgary is a city like no other and because of everyone working together, our goal is attainable. Our city has the capacity and the willingness to give – and we have a great case about why giving to RESOLVE will make a lasting difference to our city, not just to the 3,000 homeless and vulnerable Calgarians who will have a place to call home, but for every Calgarian for decades to come.

Alan Norris CEO, Brookfield Residential Properties, Chair of the RESOLVE Campaign and Chair of the Calgary Homeless Foundation

WE VALUE

COLLABORATION

WE ARE ONE OF 9 PARTNERS IN THE RESOLVE CAMPAIGN TO RAISE

$120 MILLIONFOR NEW AFFORDABLE HOUSING PROJECTS

OVER 15 REFERRING PARTNER AGENCIESOUR PARTNER AGENCIES REFER PEOPLE IN NEED TO HORIZON HOUSING SOCIETY AND PROVIDE

ONGOING SUPPORT TO ENSURE THEY ARE SUCCESSFUL IN MAKING THEIR HOME WITH US.

HOW DO WE WORK WITH OTHERS?

“RESOLVE is a collaboration of nine agencies that together, will lead the way home for 3,000 Calgarians.”


THE STRENGTH OF OUR PARTNERSHIPS HAS BEEN THE CORNERSTONE OF OUR

PROGRESS AND IMPACT. COLLABORATION AND WORKING TOGETHER ARE CENTRAL TO

OUR WORK, AND WE ARE GRATEFUL FOR OUR PARTNER’S CONTINUED COMMITMENT TO

WORKING WITH US TO ENSURE EVERY CALGARIAN HAS ACCESS TO SAFE, SECURE AND

AFFORDABLE HOUSING.

ON A DAILY BASIS, OUR TENANT SERVICES TEAM CONNECTS WITH HOUSING LOCATORS

AND LIAISONS FROM OVER 15 PARTNER AGENCIES TO ENSURE THOSE IN NEED OF

HOUSING FIND THE RIGHT PLACE TO CALL HOME. THROUGH THIS COLLABORATIVE

NETWORK, WE IMPACT LIVES AND CREATE VIBRANT, STRONG COMMUNITIES IN WHICH

EVERYONE KNOWS THEY HAVE A PLACE AND HOME WHERE THEY BELONG.

THE LEADERSHIP MODEL FOR PROPERTY MANAGERS Kyle Schutz - Housing Liaison, The Mustard Seed

Like Horizon Housing Society, The Mustard Seed is in the business of changing lives. From humble roots as a coffee house ministry to helping the less fortunate in Calgary’s downtown core, The Mustard Seed has grown into a provincial leader, providing innovative solutions to addressing homelessness and poverty in Calgary, Edmonton and Sundre. The Mustard Seed and Horizon Housing work together to meet the needs of homeless and vulnerable Calgarians. Like all the agencies with whom we work, collaboration, communication and cooperation are key to building successful partnerships.

“We can’t do what we do all by ourselves. We have to work together, particularly when it comes to our housing programs,” says Kyle Schutz, Housing Liaison with The Mustard Seed, Calgary. The Seed is one of over 15 referring partner agencies Horizon Housing works with on a daily basis to ensure people in need not only find affordable, safe, secure housing but have the support they need to keep it. “Working with Horizon Housing is great. The people are caring, the organization is flexible and I always know that no matter what the circumstances, they will be fair.”

Like Horizon Housing, The Mustard Seed is committed to ending homelessness through the provision of affordable housing that provides each individual a community that cares and supports them on their journey home.

“Horizon isn’t like any other property manager I’ve ever encountered,” says Kyle. “Not only are they exceptionally well-managed and responsive, but they have great heart. They care about the people we serve, and that makes my job easier.”

Like many other agencies in the homeless serving sector, The Mustard Seed refers tenants to Horizon Housing Society. As property manager, Horizon Housing provides the brick and mortar and looks after day-to-day tenancy matters. Referring partner agencies provide the supports to promote housing sustainability. “But it’s more than just the brick and mortar,” says Kyle. “When I house one of our residents in a Horizon Housing building, I know that they are in a place where everyone takes pride in their surroundings, and their home. With Horizon, I know my tenants are joining a community, and that makes all the difference in their ability to achieve success.”

For Kyle, along with being a model for all landlords and property managers, there’s only one thing Horizon Housing Society can do to improve, “build more and more housing”.

WE VALUE

OUR PARTNERS

“Working with Horizon is great. The people are caring, the organization is flexible and I always know that no matter what the circumstances, they will be fair.”

ALBERTA HEALTH SERVICES - ASSERTIVE COMMUNITY TREATMENT

THE ALEX, PATHWAYS TO HOUSING

ALPHA HOUSE SOCIETY

ASPEN FAMILY & COMMUNITY NETWORK SOCIETY

CALGARY URBAN PROJECT SOCIETY

DISCOVERY HOUSE

HOMELESS HOUSING SOCIETY OF CALGARY

INN FROM THE COLD

THE MUSTARD SEED

ST. VINCENT DE PAUL

SAINT JUDE’S HEALTH MANANAGEMENT INSTITUTE

WOOD’S HOMES

YWCA

HOW DO OUR PARTNERS HELP?

WHO ELSE DO WE WORK WITH?

156

77

25

25

22

CANADIAN MENTAL HEALTH ASSOCIATION

CALGARY HOUSING COMPANY

UNIVERSAL REHABILITATION SERVICE AGENCY

ACCESSIBLE HOUSING SOCIETY

KERBY CENTRE

THE # OF UNITS EACH PARTNER AGENCY SUPPORTS:

2014 ANNUAL REPORT | 8


“I like to give back because without all the people and agencies who helped me get straight, I wouldn’t be sitting here now.”

said. “It was humbling. I didn’t know what to do. I had lost everything including my hopes and dreams.”

With the support and help of the community, Illiana and her son began to rebuild. They stayed for the allowable two years and then, they had to move on. “It’s hard finding housing in this city. I don’t have much of an income. My English is still not that good. I needed help.”

That’s when Aspen Housing stepped in and began a search to help Iliana find a home.

“I wouldn’t be here today without the amazing community of people that helped me find a home with Horizon Housing Society,” she says, tears momentarily clouding her sparkling eyes. There’s a catch in her throat. She clears it and continues. “There are angels in this city,” she says. “My son would not have his mother is if wasn’t for them.

After four months of searching, Illiana found a home at Horizon West, a 108 unit apartment building near the Westbrook LRT station. “It’s perfect,” she says. “My son can still go to his same school and I can continue classes at Bow Valley College. I don’t have a car so it’s easy to get around from here.”

She’s hoping to find a part time job in the area. Hoping to build the future she always dreamed of for herself and her son.

“I have hope again,” she says. “I almost gave up but Aspen and Horizon Housing came together to bring me here. Now I have hope for me and my son.”

For Illiana, home is a place where she and her son are safe. “Home is stability,” she says. And then she adds, her face lit up by her smile, “Horizon Housing offers a place where I can dream again.”

GIVING BACK BEGINS AT HOME Ward - Bob Ward Residence

He doesn’t like to talk much. Shy, reserved, Ward once wandered the streets abusing drugs and alcohol to ease the mental health issues that disrupted his daily living.

“It wasn’t working for me,” he says of two decades lost to homelessness including an eighteen month stint in prison.

“I know it sounds weird, but going to jail is about the best thing that could have happened to me back then. It was there I got the help I needed to get my life in order.”

That help included getting medication for his mental illness which, with the stability he’s found having a home, he takes

HOME IS A PLACE WHERE FREEDOM LIVES Patricia - Alice Bissett Place

Thirty-five years ago, Patricia and a girlfriend climbed aboard a train and headed westward from Ontario. It didn’t matter that she was leaving a good job in Ottawa or that she didn’t know what was going to happen when she arrived at her destination. It was the ‘70s and Calgary was booming. There were jobs aplenty and for two independent young women, lots of opportunities to make life happen.

She did well. Worked hard. Got married, had a daughter and when the marriage ended, she kept moving ahead, doing what she’d always done, taking care of what needed to be done. Eventually, she set up her own business as a caregiver for seniors. For ten years she succeeded in building her reputation and her client base, doing what she’d always done. Work hard, take care of others and keep going.

And then, the unexpected struck. A debilitating illness left her unable to work. As the sole breadwinner in her home, with no income coming in, she feared she would be homeless.

“I know my family and friends would have made sure that didn’t happen,” she says. “But I’ve always been independent. I don’t like being a burden on anyone.”

For four years, Patricia struggled to regain her health, moving in and out of hospital, fighting to make ends meet, to keep herself afloat.

Two years ago, her mental health worker told her about Alice Bissett Place, a 114 unit residence for singles and families in the Inglewood area. “It was a dream come true,” she says. “Living here has given me peace of mind. I don’t continually worry

about how I’m going to get through the month. I don’t worry about making ends meet. I’ve got a support system, my worker from Canadian Mental Health Association and Wayne and Pat, the Building Managers here, as well as all my neighbours and my family making sure I’m okay. I’m happy.”

Patricia knows she can knock on someone’s door if she needs help, or simply sit in the lobby and chat with people as they come and go. “This is a community that cares about everyone,” she says. “It all comes down to caring for one another, and gratitude,” she adds thoughtfully. “I am grateful every day for this place. I’m getting my health back. I’m feeling stronger and I know I’m going to be okay.”

For Patricia, home is a place where she can be herself, feel comfortable, put her feet up and do what she wants to do. Home is a place to where she can enjoy her freedom and keep doing what she’s doing to rebuild her life.

HOME IS A PLACE WHERE DREAMS BEGIN AGAIN Illiana - Horizon West

Five years ago, when Illiana left her homeland, her family and her friends, she believed she was bringing her three year old son to safety. Security. A better future.

A devoted mother, the former journalist didn’t mind that she would be starting out anew. She didn’t care that she would have to learn a new language, she only wanted to do what she believed was best for her son.

And then, she fell in love and that relationship led her to the beginning of what is today her new life at Horizon Housing. “I ended up at Brenda Strafford House two years ago,” she

regularly. Once lost on the streets, life today is beyond anything he could have imagined in the past. Living at Bob Ward Residence, he has the stability and the community he’s always wanted.

“It’s hard when you’re homeless,” he says. “You don’t think straight, especially if you’ve got a mental issue and you’re not getting the proper medication. Living here, being with Horizon Housing, and having my mental health worker checking in on me makes all the difference between life and death. I don’t have to worry about where I’ll sleep tonight, or what’s going to happen to me. I’m surrounded by people who care about me.”

Once, depression and suicide were the only things he thought about. Now, Ward focuses on work, taking care of himself, helping out around the building and cooking meals to share with his neighbours. “I’m in touch with my family again too,” he says. “It feels good. And I know that with the stability I’ve got here, I’ve got hope of building a relationship with my daughter too.”

Ward believes that everyone needs a Horizon in their life. He believes that places like Bob Ward Residence make it possible to get people off the street.

“It’s important that people get a place to call home,” he says, sitting in the comfort of his own home, the certificates he’s earned as a welder lined up on one wall and photos of his family lining the shelf above the TV. “Living on the streets, staying in shelters, I didn’t have hope. I was lost. Now I’m found and I know as long as I stay on the right track, Horizon will be there with me because this is my home for as long as I need it.”

WE VALUE

OUR TENANTS

“Horizon helps people heal. It’s really important because we need organizations like Horizon Housing to make sure everyone is taken care of.”

“Horizon gives people hope. To be a good society, we must first solve the issues that cause people to lose hope.”


WE VALUE

SOLUTIONS

WHO ARE OUR TENANTS? WHY IS AFFORDABLE HOUSING IMPORTANT?

WHAT ARE WE DOING TO SOLVE THE PROBLEM?WHAT IS OUR AVERAGE RENT? TENANT SATISFACTION SURVEY

37%SINGLEMALES

26%SINGLE

FEMALES

37%INDIVIDUALS IN FAMILIES(couples, single mothers,

single fathers, families, children)

HORIZION HOUSING$446.00

ALBERTA$1,007.00

CALGARY$1,087.00

HORIZON HOUSING’S AVERAGE RENT FOR A ONE-BEDROOM APARTMENT COMPARED TO MARKET RENTS IN CALGARY ANDALBERTA.

IT COSTS2-3 TIMES LESS

TO END HOMELESSNESS THAN IT DOESTO MANAGE IT

SAVES THE PUBLIC MONEY

STUDIES INDICATE HOMELESS PEOPLE, ON AVERAGE, INCUR SYSTEM COSTS OF $55,403 PER YEAR AND MANY HAVE BEEN

HOMELESS FOR A DECADE OR MORE.

WHILE PROVIDING HOUSING AND SUPPORT TO THOSE WITH COMPLEX NEEDS CAN COST AS LITTLE AS $21,271 PER YEAR.

3,500 HOUSEHOLDS ON CALGARY HOUSING COMPANY’S AFFORDABLE

HOUSING WAITLIST.

ON ANY GIVEN NIGHT, 200 FAMILIES SLEEP IN

CALGARY SHELTERS.

34% Mental Health Challenges46% Low income / Affordable5% Physical Disability5% Brain Injury5% Seniors5% Market

WE OFFER MORETHAN JUST HOUSING.WE PROVIDE HOMES.

BUILDING CLEANLINESS 84%

OVERALL RATING 83%

REPAIR & UPKEEP 82% PROVIDINGHOMES

THROUGHOUTTHE CITY

HOUSING FIRSTWITH HOUSING FIRST, THE PRIORITY

IS TO QUICKLY MOVE PEOPLE EXPERIENCING HOMELESSNESS

INTO APPROPRIATE HOUSING FIRST, AND THEN BEGIN TO WORK ON

THE ISSUES THAT CONTRIBUTED TO THEIR HOMELESSNESS FROM THE

STABILITY AND SAFETY OF A HOME.



CONDENSED BALANCE SHEET - MARCH 31, 2014

2014 2013

Assets

Current Assets $ 4,453,724 $ 4,379,254

Long-Term Investment 414,341 -

Property and Equipment 33,009,528 34,074,680

Total $ 37,877,593 $ 38,453,934

Liabilities and Net Assets

Current Liabilities $ 983,893 $ 1,200,583

Long-Term Liabilities 7,233,571 7,287,590

Unrestricted 692,690 291,608

Net Assets Invested in Property and Equipment 26,562,542 27,305,181

Net Assets Restricted for Reserves 2,404,897 2,368,972

Total $ 37,877,593 $ 38,453,934

CONDENSED STATEMENT OF REVENUE AND EXPENDITURES; YEAR ENDED MARCH 31, 2014

2014 2013

Revenue

Rental Revenue $ 2,503,676 $ 2,416,945

Government Grants - 916,722

Government Assistance and Donations 847,680 688,550

Other 476,101 536,738

Interest 52,279 24,196

Total $ 3,879,736 $ 4,583,151

Expenditures

Amortization and Interest $ 1,489,307 $ 1,633,422

Salaries and Benefits 1,117,360 999,028

Maintenance 548,146 584,079

Utilities 515,601 483,628

Insurance 82,335 81,386

Property Taxes 18,882 75,821

Administration 258,655 251,568

Fundraising Expense 155,082 68,835

Distribution to Horizon West Housing Society - 100,000

Total $ 4,185,368 $ 4,277,767

Excess of Revenue over Expenditures $ (305,632) $ 305,384

CONDENSED STATEMENT OF CHANGES IN NET ASSETS; YEAR ENDED MARCH 31, 2014

General Fund Capital Fund New Growth

Fund 2014 Total 2013 Total

Balance, Beginning of Year $ 1,627,801 $ 27,305,181 $ 1,032,779 $ 29,965,761 $ 29,660,377

Excess (Deficiency) of Revenue over Expenditures 821,462 (1,121,592) (5,502) (305,632) 305,384

Fixed Asset Additions (64,973) 64,973 - - -

Repayment of Long-Term Debt (313,980) 313,980 - - -

Balance - End of Year $ 2,070,310 $ 26,562,542 $ 1,027,277 $ 29,660,129 $ 29,965,761

FINANCIALSCONDENSED BALANCE SHEET - MARCH 31, 2014

2014 2013

Assets

Current Assets $ 305,267 $ 395,119

Property and Equipment 1,030,318 1,242,360

Total $ 1,335,585 $ 1,637,479

Liabilities and Net Assets

Current Liabilities $ 704,028 $ 641,488

Long-Term Liabilities 1,968,930 2,463,034

Unrestricted (39,677) 20,639

Net Assets Invested in Property and Equipment (1,432,223) (1,704,508)

Net Assets Restricted for Reserves 134,527 216,826

Total $ 1,335,585 $ 1,637,479

CONDENSED STATEMENT OF REVENUE AND EXPENDITURES; YEAR ENDED MARCH 31, 2014

2014 2013

Revenue

Rental Revenue $ 700,318 $ 706,045

Government Assistance and Donations 472,746 435,730

Other 148,495 147,060

Interest 2,111 1,602

Contribution from Horizon Housing Society - 100,000

Total $ 1,323,670 $ 1,390,437

Expenditures

Amortization and Interest $ 398,731 $ 549,791

Salaries and Benefits 286,652 261,046

Maintenance 201,396 137,953

Utilities 192,985 187,781

Insurance 22,225 23,722

Property Taxes 21,916 26,409

Administration 70,095 59,414

Total $ 1,194,000 $ 1,246,116

Excess of Revenue over Expenditures $ 129,670 $ 144,321

CONDENSED STATEMENT OF CHANGES IN NET ASSETS; YEAR ENDED MARCH 31, 2014

General Fund Capital Fund 2014 Total 2013 Total

Balance, Beginning of Year $ 237,465 $ (1,704,508) $ (1,467,043) $ (1,611,364)

Excess (Deficiency) of Revenue over Expenditures 461,714 (332,044) 129,670 144,321

Fixed Asset Additions (120,002) 120,002 - -

Repayment of Long-Term Debt (484,327) 484,327 - -

Balance - End of Year $ 94,850 $ (1,432,223) $ (1,337,373) $ (1,467,043)

For complete audited financial statements for both Horizon Housing Society and Horizon West Housing Society, please visit our website at horizonhousing.ab.ca

HORIZON HOUSING SOCIETY FINANCIAL REPORT(AS PREPARED BY MANAGEMENT)

HORIZON WEST HOUSING SOCIETY FINANCIAL REPORT(AS PREPARED BY MANAGEMENT)


WE VALUE

EVERY MILESTONE

Annual TenantHoliday Party

9th AnnualFish & ChipsGolf Tournament &Fly-Fishing Derby

Alice Bissett Place“Building of theYear” Award

Annual Tenant& Community

Stampede BBQ


On behalf of the citizens of Calgary and my City Council colleagues, I extend warm wishes to all of you gathered for Horizon Housing Society’s 2014 Annual General Meeting.

Horizon Housing Society’s nearly forty year commitment to providing integrated, supported homes to our city’s vulnerable populations illustrates the spirit of our community at its best. Since 1976, thousands of Calgarians have found homes through this organization. Horizon Housing Society’s experience, professionalism and leadership in the sector reflects a successful track record of providing safe, affordable homes to people in need.

I am pleased to recognize Horizon Housing Society as one of the partners in the RESOLVE campaign that will help create homes for 3,000 people. This type of collaboration is an important example of how organizations can work together to address some of our city’s most pressing issues. Horizon Housing Society, its volunteers, donors, partners, and supporters should all be very proud of the good work they do to support Calgarians in need.

Sincerely,

Naheed K. Nenshi Mayor of Calgary

ACTUAL APPLIANCES

ALL WEATHER WINDOWS

ARC FINANCIAL CORP

ASHLEY PINAY

BFL CANADA INSURANCE SERVICES INC.

BOARDWALK RENTAL COMMUNITIES

BOB HAMILTON

BRAND ALLIANCE

BRIAN PILLER

BROCK ROBILLARD

BROWNLEE LLP

BRUCE MACKENZIE

BRYCE MCLEAN

CALGARY CANUCKS

CALGARY STAMPEDE DOWNTOWN ATTRACTIONS COMMITTEE

CALIBER PLANNING

CAL-RID EXTERMINATORS INC.

CAMBIUM WOODWORKS 2005 LTD

CANADIAN HEAVY OIL ASSOCIATION

CATALINA PAINTING

CENTRAL ROOFING LTD

COINAMATIC

COLLIN & LOIS MARX

CORIL HOLDINGS LTD.

CORK FINE WINE, LIQUOR AND ALE

DAN DELALOYE

DAVID STUART

DESJARDINS FINANCIAL SECURITY

DIANA WARD

DICK & LOIS HASKAYNE

DON & PAT PEARD

DOUG DIRKS

EDITH SOMMER

ELEMENT INTEGRATED WORKPLACE SOLUTIONS

FAHRENHEIT 451

FIRST CALGARY FINANCIAL

FRANK WALKER

GARTH ROWAN

GLJ PETROLEUM CONSULTANTS

GRAHAM WETTER

GREAT-WEST LIFE

GREIG & BRENDA NICHOLLS FUND

HAMILTON & PARTNERS

HILARY ZAHARKO

HOWARD MCGIFFIN

HUNTING PLC

IAN ALLADIN

IAN MACDONALD

ILLIANA GONZALES

INSPIRATION WINDOWS AND FLOORING INC.

INTACT INSURANCE

INTER PIPELINE FUND

INVESCO

JAMES ELECTRIC MOTOR SERVICES LTD.

JIM HOEY

JOAN GREEN

JOHN GUDERYAN

JOHN KRSIAK

KAITLIN HRUDEY

KATHY YUEN

KELLY HRUDEY

KELLY TABOR

KNOX UNITED CHURCH

KONE

KYLE SCHUTZ

LANA MERCHANT

LARRY STANLEIGH

LEARNING DISABILITIES ASSOCIATION OF ALBERTA

LORRAINE MOONEY

LUPI LUXURY HOMES INC.

LYDIA LYTWYN

MACKENZIE FINANCIAL CORPORATION

MARIA KRSIAK

MARNIE SCHAETTI

MARSH & MCLENNAN COMPANIES

MICHAEL BADDELEY

MICHAEL PINEO

MICHELLE SCREPNECHUK

NEXEN ENERGY, A CNOOC LTD.COMPANY

P1 ENERGY

PATRICIA MCLEAN

PATRICK HENRY

PENNY LANE ENTERTAINMENT GROUP

PETER ANSLEY

PHASE ONE DESIGN

PHIL HUBER

POLARIS SEISMIC INTERNATIONAL LTD.

PWC

PROGRESS ENERGY CANADA LTD.

RBC

REGGIN TECHNICAL SERVICES

RICK GREEN

ROBERT CARACCIOLO

ROBERT PATRICK

RONALD YAGER

SAGIUM

SCOTIA VENDING

SCOTT COE

SHININGSTAR ENERGY LTD.

SILVERA FOR SENIORS

SILVERTIP RESORT

SIMONE HUGHES

SONATA WINDOW FASHIONS & INTERIOR DESIGN

STEWART CREEK GOLF & COUNTRY CLUB

SUN LIFE FINANCIAL

TELUS

TRIMAC TRANSPORTATION SERVICES

TROTTER & MORTON

VALERIE LONSDALE

VANTAGE POINT INVESTMENT MANAGEMENT

VANTAGE CLEANING SERVICES INC.

WADE PAGET

WARD GERVAIS

WES BOUW

WESTJET

WALTER NOKITIN

WALTER TWIDDY

WAYNE MANTIKA

WAYNE THOMAS

WAYNE THRUSH

WE VALUE

OUR SUPPORTERS

A MESSAGE FROM

MAYOR NENSHI

HORIZON HOUSING SOCIETY400, 105 - 12TH AVENUE SE CALGARY, AB T2G 1A1

T 403.297.1746 F [email protected]

HORIZONHOUSING.AB.CA

annual report 2014€¦ · annual report 2014. for the year ended march 31, 2014. 1 | horizon...

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