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