Villa Charities 2018 Annual Report VC19_AnnualReport_Interiors_Apr29_FNL2 - Page 8

villa charities group actual results REVENUES Villa Colombo Toronto villa charities group statements of operations ($000s) Villa Charities Inc. 2018 2017 31,860,951 31,042,334 Villa Colombo Vaughan 12,720,140 12,542,602 Revenues Columbus Centre 7,764,505 7,542,406 Expenses For the Year December 31 2017 2018 2017 7,213 6,973 Revenues 7,765 7,542 5,985 5,366 Expenses 8,370 7,747 Surplus before depreciation 1,228 1,607 Surplus before depreciation (605) (205) Depreciation 106 106 (711) (311) Joseph D. Carrier Art Gallery 7,828 51,097 Seniors’ Apartments 7,699,181 7,334,580 Depreciation 1,668 1,572 Villa Charities Inc. 7,213,248 6,972,376 Surplus (440) 35 Villa Charities Foundation 796,027 1,424,826 TOTAL 68,061,880 66,910,221 Write-down of Redevelopment costs — (504) (440) (469) Surplus / (Deficit) 2018 2017 Villa Colombo Toronto 31,577,595 30,407,825 Villa Colombo Vaughan 12,727,421 12,423,534 Columbus Centre 8,475,105 7,853,231 Joseph D. Carrier Art Gallery 61,184 84,703 Seniors’ Apartments 6,977,964 7,029,694 Villa Charities Inc. 7,652,739 7,441,927 Villa Charities Foundation 1,388,563 1,292,293 TOTAL 68,860,571 66,533,207 SURPLUS / (DEFICIT) (798,691) Apartments for Seniors 2017 Revenues 7,699 7,335 Expenses 4,448 4,577 Surplus before depreciation Depreciation Surplus / (Deficit) Contribution to Capital Reserves 3,251 2,758 2,530 2,453 721 305 308 274 * C  aboto Terrace and Casa Del Zotto have a June 30th year end and Casa Abruzzo has a March 31st year end expenses 2018 revenues 2018 1% 2% 11% 11% 10% 11% 47% 0% 19% 8 46% 19% 2017 578 1,197 Villa Colombo Vaughan Donations & Special Events Revenue Columbus Centre Investment Income 218 227 796 1,424 Expenses 609 837 Unrealized Investment Losses 377 21 402 434 (592) 132 Villa Colombo Toronto Joseph D. Carrier Art Gallery Seniors’ Apartments Villa Charities Inc. Villa Charities Foundation Donations dispersed VILLA CHARITIES Surplus / (Deficit) ANNUAL REPORT Joseph D. Carrier Art Gallery For the Year December 31 2018 2017 Revenues 8 51 Expenses 61 85 (53) (34) Surplus / (Deficit) Villa Colombo Toronto For the Year December 31 2018 2017 Revenues 31,861 31,042 Expenses 31,359 30,199 Surplus before depreciation 502 843 Depreciation 219 208 Surplus / (Deficit) 283 635 For the Year December 31 2018 0% 12% 11% Villa Charities Foundation Surplus / (Deficit) For the Year June 30 or March 31* 2018 377,014 For the Year December 31 2018 EXPENSES Columbus Centre Villa Colombo Vaughan For the Year December 31 2018 2017 Revenues 12,720 12,543 Expenses 12,688 12,404 32 139 Surplus before depreciation Depreciation 39 20 Surplus / (Deficit) (7) 119 Contribution to Capital Reserves 50 100 9