Financial Sustainability
Committed to Using Our Resources Wisely
At the end of 2013 we worked hard to develop a Sustainability Plan with the hope that we could re-establish KSM as an important and valuable resource for the community. When we look back we feel tremendous gratitude for the trust, generosity and contributions of the community. The progress has given us confidence about the long term future of the organization. We have established a stronger financial foundation and we have increased the value of the organization and facility to the community. We have not only been able to increase the impact of our programs we have also become an important contributor to poverty reduction initiatives across the region.
KEY MILESTONES
$2 million debt was completely paid off as of January 16th, 2018
We are incredibly thankful to the 50 donors that helped us eliminate our mortgage. This was an important step and helped us to eliminate interest payments and focus more resources on achieving our achieving our mission.
A Reserve fund was established in January 2019
Not-for-profit experts suggest that 1/2 a year operational costs should be retained to protect against unforeseen expenses and/or financial shortfalls. In 2019 and 2020 we managed expenses and revenues carefully to establish the reserve fund and strengthen the organizations long term sustainability.
Increased investment in Food Services in 2020
In order to provide a more consistent quality and quantity of food to our clients and to help other agencies across the region we were able to increase staff and put more effort into establishing ‘best in class’ food services. Eating healthy food is an important part of health and wellbeing and so we are excited to be able to work with other partners to ensure that all those in need have access to the healthy food options they need.
Formation of Kerr Street Mission Foundation in 2024
The addition of the Kerr Street Mission Foundation is another step forward towards our goal of sustainability and puts us in a better position to receive and manage legacy and estate gifts. Click here to learn more about the foundation.
FINANCIAL ACCOUNTABILITY
2025 proved to be a pivotal financial year for Kerr Street Mission, as needs across our community rose sharply – and together, we met the moment.
- Food Security: Demand reached record levels, with our Food Market serving over 1,200 individuals weekly with access to nutritious food.
- Child & Youth Development: Our summer camps expanded to an offsite location, adding three additional weeks and 150 new camper spots.
- Family Services: Participation increased across all areas – including Kids Clubs, Youth Connected, and Seniors programs – reflecting growing need for wraparound support.
In response, KSM took bold steps to ensure individuals and families could access the support they need – not just today, but for the long term. We made significant investments to expand access to nutritious food, strengthen mental health and well-being resources, and help clients navigate complex social and government support systems. These investments came at a significant cost- a $400,000 increase to our 2025 budget. Because of you, we achieved our donation revenue target and delivered on all our strategic priorities. Most importantly, because of you, individuals and families facing profound need received life-changing support.
Annual reports, financial statements, and audit reports from the past two years are available upon request. Please contact for copies.
2025 REVENUE SOURCES & ALLOCATION
NOTES:
- The value of food and other goods donated and distributed to clients is NOT captured as a revenue or included as an expense.
- The percentages are based on unaudited statements. Audited Statements will be completed in April and are available upon request.
Bring HOPE to our community today!
