Effective December 1, 2015, Federal ID requirements must be completed before a new account will be opened or signing officers are changed for existing accounts. In order to ensure signing officers are updated in a timely manner for your corporation, it is recommended for your corporation to include completed Federal [...]
Mount Forest Non Profit Housing is taking advantage of government programs to update and maintain its building without dipping into its capital reserves. Located in the town of Mount Forest, at the north end of Wellington County, the complex consists of 35 townhouses – mostly 2- and 3-bedroom, [...]
Best practices in building management, investment and governance can help a provider maintain its building in excellent condition while still preserving its capital reserves, even after 25 years. Lutheran Social Services (Owen Sound) Non-Profit has accomplished that, and more. Lutheran Social Services operates St. Francis’ Place—a 78-unit building [...]
Staffing and leadership changes can sometimes seriously impact the performance of organizations. At Suomi Koti, best practices that were already in place help ensure that informed business decision-making continues. Suomi Koti, a non-profit seniors’ residence in Thunder Bay, has managed to maintain its high operational standards in spite [...]
We all strive to achieve excellence in our professional activities. SHSC Financial is committed to helping you achieve financial excellence so you can make the most out of your money. To help with this, the checklist below identifies: Minimal requirements that unitholders in the Social Housing Investment Program [...]
Upbuilding Non-Profit Homes manages a 70-unit property in Guelph. The property contains a 37-unit apartment building and 29 townhouses—all constructed in 1991, as well as a four-unit building constructed around 1950 that was renovated when the other parts of the property were developed. A Building Condition Assessment (BCA) [...]
In August 2011, Capital Ideas profiled one of SHSC Financial’s voluntary unitholders: Infrastructure Ontario—a provincial Crown corporation that acts as a trustee for the investment of capital reserves by affordable housing providers whose initiatives are being financed under the Infrastructure Ontario Loan Program. This time, we profile two other voluntary unitholders: [...]
Some Local Housing Corporations (LHCs) have developed innovative approaches to improve their financial sustainability. Some have voluntarily chosen to place their capital reserves in the Social Housing Investment Program. In addition, many LHCs without capital reserves have chosen to place other money with the Program. Windsor Essex Community [...]
The ups and downs that capital markets are experiencing these days have many people asking how to best balance risk and return. This is an ideal time to ensure that your investment strategy is matched to your anticipated financial needs. Understanding Volatility The charts show the returns earned [...]
Under the Social Housing Reform Act, 2000, prescribed housing providers are required to: Set aside capital reserve funds on an annual basis Invest these reserve funds in the Social Housing Investment Program SHSC Financial believes that most providers are compliant with both requirements. If you are not compliant, you need to work with [...]