Note: DEFERRED REVENUE: To report on a cash-basis, Ci adjusted for deferred donations. This affected total revenues by $54k in F2024, ($195k) in F2023, and $39k in F2022. DEFERRED CAPITAL CONTRIBUTIONS: Ci also adjusted for deferred capital contributions affecting total revenues by $786k in F2024, $4.2m in F2023, and $1.0m in F2022. APPAREL REVENUE: Ci reported apparel sales net of apparel cost of sales in business activities. This affected total revenues and expenses by ($58k) in F2024, ($15k) in F2023, and ($27k) in F2022. TENANT DEPOSIT: Ci adjusted for the change in tenant deposits which affected revenues by ($nil) in F2024, $39k in F2023, and ($nil) in F2022. LOSS DUE TO FRAUD: Ci adjusted for the reported loss due to fraud which affected expenses by ($87k) in F2024. LINE-ITEM COSTING: Ci reported administrative and fundraising costs from the charity’s T3010 filings with the CRA.

Comment added by Raising the Roof on August 25, 2025:

We would like to thank Charity Intelligence for the 4 star rating and for recognizing our proactive approach to addressing the root causes of homelessness. We work very hard to make sure that our work is effective and that we are transparent with our results and finances. 

Charity Intelligence noted some key results in their report, but also noted that their findings might not be a complete representation of RTR’s results and impact. Since 2020, when Raising the Roof made a major organizational shift and started directly owning, developing and operating affordable housing, we’ve been able to create and preserve 69 units of affordable housing. The renovation and construction of these units have created paid training and employment opportunities for 261 people with barriers to employment in the trades, 83% of whom are now working full time in construction. As Charity Intelligence has noted, currently 148 people who were experiencing homelessness or were at risk of homelessness now have safe, stable, dignified homes. For more details on the projects that we are currently working on and are operational, check out the Project section of our website www.raisingtheroof.org. 

We are in the process of scaling up the work across Canada, with more than 450 units in the pre-development pipeline in 3 provinces. 

We have met with the Charity Intelligence team to get their advice on how to improve our financial transparency. In this next fiscal year, we will be working with our auditors and finance team to follow line-item costing, as they have suggested. In their report, they noted a decrease in cash reserves in 2024. This was due to two major acquisitions, Birchmount Park in Scarborough and Young in Winnipeg. Birchmount Park is operational and Young is under construction with a target completion and occupancy by the end of 2025. The Young project in Winnipeg has attracted significant capital contributions to ensure completion and offset the longterm operational costs. The completion and full occupancy of both of these projects will leave Raising the Roof in a financially stable position. 

Thank you to Charity Intelligence for helping us to continue to work towards excellence in stewardship of resources and transparency so that, through independent review of our work, we can show the effectiveness and impact and hopefully have more people feel confident that their investment in Raising the Roof’s work will result in more Canadians having safe, stable, affordable homes with support to not just get housing, but stay housed.