2017 VCI Annual-Report | Page 11

villa charities group statements of operations

Villa Charities Inc . For the Year December 31
2017 2016 Revenues 6,973 8,210 Expenses 5,366 6,408 Surplus before depreciation 1,607 1,802 Depreciation 1,572 1,601 Surplus 35 201
Write-down of Redevelopment costs 504 —
Surplus / ( Deficit ) ( 469 ) 201
Apartments for Seniors For the Year June 30 or March 31 *
2017 2016 Revenues 7,335 7,212 Expenses 4,577 4,393 Surplus before depreciation 2,758 2,819 Depreciation 2,453 2,370 Surplus / ( Deficit ) 305 449
Contribution to Capital
Reserves
274
294
* Caboto Terrace and Casa Del Zotto have a June 30th year end and Casa Abruzzo has a March 31st year end
Villa Charities
Foundation
For the Year December 31
2017
2016
Donations & Special Events
1,197
860
Revenue
Investment Income
207
516
1,404
1,376
Expenses
837
529
Donations made ( dispersed )
434
1,110
Surplus / ( Deficit )
133
( 263 )
Columbus Centre
For the Year December 31
2017
2016
Revenues
7,542
8,065
Expenses
7,747
8,047
Surplus / ( deficit ) before depreciation
( 205 )
18
Depreciation
106
116
Surplus / ( Deficit )
( 311 )
( 98 )
Joseph D . Carrier
Art Gallery
For the Year December 31
2017
2016
Revenues
51
74
Expenses
84
90
Surplus / ( Deficit )
( 33 )
( 16 )
Villa Colombo Toronto
For the Year December 31
2017
2016
Revenues
31,042
30,444
Expenses
30,199
29,858
Surplus before depreciation
843
586
Depreciation
209
214
Surplus / ( Deficit )
634
372
Villa Colombo Vaughan
For the Year December 31
2017
2016
Revenues
12,543
12,200
Expenses
12,403
12,036
Surplus before depreciation
140
164
Depreciation
20
20
Surplus / ( Deficit )
120
144
Contribution to Capital Reserves
100
140
ANNUAL REPORT
11