Villa Charities Annual Report 2019 - Page 9

VILLA CHARITIES GROUP Statement of Operations ($000s) Villa Charities Inc. For the Year Ended December 31 Columbus Centre For the Year Ended December 31 2019 2018 2019 2018 Revenues 10,165 7,213 Expenses 9,303 5,985 Surplus before depreciation 862 1,228 Depreciation 1,907 1,668 Surplus / (Deficit) (1,045) (439) Revenues 6,323 7,765 Expenses 6,786 8,370 Surplus before depreciation (463) (605) Depreciation 106 106 Surplus / (Deficit) (569) (711) Write-down of Redevelopment costs — — Surplus / (Deficit) (1,045) (439) Joseph D. Carrier Art Gallery For the Year Ended December 31 Apartments for Seniors For the Year June 30 or March 31* 2019 2018 Revenues 7,913 7,699 Expenses 4,483 4,448 Surplus before depreciation 3,430 3,251 Depreciation 1,678 2,530 Surplus / (Deficit) 1,752 721 Contribution to Capital Reserves 294 308 * Caboto Terrace and Casa Del Zotto have a June 30th year end and Casa Abruzzo has a March 31st year end 2019 2018 Revenues 57 8 Expenses 57 61 Surplus / (Deficit) — (53) Villa Colombo Toronto For the Year Ended December 31 2019 2018 Revenues 32,150 31,861 Expenses 31,912 31,358 Surplus before depreciation 238 503 Depreciation 284 219 Villa Charities Foundation For the Year Ended December 31 Surplus / (Deficit) (46) 283 2019 2018 Donations & Special Events 454 578 Revenue Investment Income 281 218 Total Revenue 735 796 Expenses 563 609 Unrealized Investment Gains 281 (377) (Losses) Donations made 152 402 Surplus / (Deficit) 301 (592) Villa Colombo Vaughan For the Year Ended December 31 2019 2018 Revenues 13,479 12,720 Expenses 13,112 12,689 Surplus before depreciation 367 31 Depreciation 53 39 Surplus / (Deficit) 314 (7) Contribution to Capital Reserves 319 50 Consolidated Annual Report 2019 | 9