Ottawa Community Loan Funds / Fonds d'emprunt communautaire d'Ottawa
Publicly funded institution · Ottawa, Ontario · BN 896380615RR0001 · Organizations Relieving Poverty
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($1,738,187) as filed with the CRA.
Ottawa Community Loan Funds / Fonds d'emprunt communautaire d'Ottawa is a charitable organization based in Ottawa, Ontario, classified by the CRA under organizations relieving poverty. It appears on the charity register the way hospitals, universities, and other publicly funded bodies do — to issue tax receipts — rather than as a donation-driven charity in the usual sense. In its fiscal year ending December 31, 2024, it reported $1.8M in revenue and $1.7M in expenditures.
Its funding that year was roughly 76% from government. Government funding is the majority of its budget. In 2023, 2 other registered charities reported granting it a combined $155K.
Compared with 1,618 poverty-relief institutions of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 99% of peers. Its highest-paid positions fell in the $80,000–119,999 range (2 positions in that band). The charity reported 13 permanent full-time positions.
Its filed list of directors and trustees shows 7 names.
In its own words
The organization's purpose is to : - to advance education by providing workshops on financial literacy and entrepreneurship; - to relieve poverty by assisting persons in need to apply for professional development and small business loans and by providing guarantees on those loans when required; and - to undertake activities ancillary and incidental to the attainment of the above charitable purposes.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $1.8M | $1.7M | $1.9M | — | — | $290K |
| 2023 | $1.3M | $1.2M | $1.2M | — | — | $265K |
| 2022 | $1.1M | $1.1M | $1.1M | — | — | $260K |
| 2021 | $1.3M | $1.2M | $1.2M | — | — | $269K |
| 2020 | $1.3M | $1.2M | $1.1M | — | — | $232K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2023
Received $155K from 2 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $80,000–119,9992 positions
- $40,000–79,9994 positions
- $1–39,9997 positions
- Permanent full-time positions13
- Total compensation, all staff$651K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Kameshwar Mishra (chair); Shaundra Mitchener (director); Meaghan Farrell (director); Kevin Judge (director); Marianne Kayed (director); Vyas Dhara (director); Rudy Witlox (director/interim treasur).
As listed on its 2024 return.
Check the source
Every figure on this page is from Ottawa Community Loan Funds / Fonds d'emprunt communautaire d'Ottawa’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 896380615RR0001), or read how we compute the receipt.