Wellesley Central Residences Inc.
Charitable organization · Toronto, Ontario · BN 852872076RR0001 · Organizations Relieving Poverty
Source: T3010 return, FPE 2024-03-31. Split of total expenditures ($1,889,401) as filed with the CRA.
Wellesley Central Residences Inc. is a charitable organization based in Toronto, Ontario, classified by the CRA under organizations relieving poverty. In its fiscal year ending March 31, 2024, it reported $2M in revenue and $1.9M in expenditures.
Its funding that year was roughly 48% from government. In 2022, 1 other registered charity reported granting it a combined $100K.
Compared with 1,125 poverty-relief charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 33% of peers.
Its filed list of directors and trustees shows 6 names.
In its own words
Operation of socail housing for frail seniors and for individuals living with hiv/aids
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $2M | $1.9M | $1.5M | — | — | $2.3M |
| 2023 | $2M | $1.8M | $1.6M | — | — | $2.3M |
| 2022 | $1.8M | $1.8M | $1.6M | — | — | $2.3M |
| 2021 | $2M | $1.8M | $1.4M | — | — | $2.4M |
| 2020 | $1.8M | $1.6M | $1.3M | — | — | $2.1M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2022
Received $100K from 1 charity:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Cheryl Folkes (director); Debbie Lai (vice president); Lou Odette (president); Catherine Rutto (director); Shequita Thompson-Reid (secretary); Alana Walter (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Wellesley Central Residences Inc.’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 852872076RR0001), or read how we compute the receipt.