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
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