FRONTENAC COMMUNITY MENTAL HEALTH AND ADDICTION SERVICES (FCMHAS)

PITCH DECKVICKY HUEHN, EXECUTIVE DIRECTORIMPACT ONTARIO 2014

Presentation Content•Problem

•Solution

•Finances • Impact – what are the financial savings?

•The ASK

PROBLEM• Insufficient housing: Over 1,000

neighbours on waiting list (Waiting period: 7 years)• Inadequate support: Lack of

community housing and support for persons with mental health challenges increases pressure on hospitals already facing bed shortages and gridlock. Individuals who can access hospital do not get comprehensive supports.

FCMHAS has supports but no housing units.

IMPACTIn the past year: Provided support to 3,000 individuals Responded to over 11,000 calls on crisis line Assisted 1,500 families in Family Resource

Centre Helped 1,000 people manage their addictions Diverted 325 people from hospital ER Provided year-round supported housing for

218 people with a vacancy rate less than 1.5% Diverted 113 from courts to community

services 88 area residents of at risk of homelessness

retained housing

2011

2007

RECOGNITION

SOLUTION

Vision

Organization – track record, team, assets

Housing Project - features

SOLUTIONOur Organization Track Record: over forty years providing housing and

support services to persons facing mental illness and addictions.

Team: 180 member team including psychiatrists, social workers and counselors providing a continuum of services – employment, court support, community support, addictions counseling, crisis services, and residential support.

Assets: 14 residential holdings with 165 units ranging from detached houses to apartments.

SOLUTION: 35 LYONS STREET

25 single unit suites Amenities: common

room, laundry, parking, bike racks, rent inclusive of utilities

Energy efficiencies include: geothermal ground source heat pump system, gas used for hot water and energy star appliances

Accessible

PROJECT MANAGEMENTTeam Member Organization Area of Expertise

Dr. Tom Anger FCMHAS Board Member

Financial Management, Capital PlanningQueen’s University; Director International MBA program; Executive Director QEDC and Professor

Darrin AllportSupervisor, Property Operations

FCMHAS Construction, Property Management

Heather Clark KembelOAA, MRAIC, LEED AP

Colbourne & Kembel Architects inc.

Architect

Frank MiceliDirector of Construction

Ameresco Canada Project Manager

FINANCES

Capital

Operating

Return on Investment

PROJECT FINANCESConstruction Costs

Building costs $5,200,000

Planning $200,000

Contingency $200,00

Total Project Costs $5,600,000

Funding Sources

Federal Government $1,651,000

Commercial Mortgage – RBC Insurance $1,250,000

Agency owned property remortgaged $580,000

Agency unrestricted capital $548,000

Agency internal loan from capital reserve $221,000

Social Financing $1,350,000

Total Funding $5,600,000

FCMHAS Finances

Operating budget: $14M

Housing capital $12M

Revenue

Rental Revenue $176,880

Other Revenue $6,000

Total Revenue $182,880

Expenses

Utilities $12,500

Other $15,000

Mortgage Principal and Interest $76,000

Bond Interest $33,200

Capital Reserve contribution $6,000

Total Expenses $142,700

Profit (loss) $40,180

PROJECT FINANCESANNUAL OPERATING BUDGET FOR 35 LYON STREET

THE ASK

Opportunity

Milestones

Return

Project Management / Team

OPPORTUNITY

Capital Raise $1,350,000Terms Minimum investment: $500,000

promissory note Interest rate: 4.0% paid semi-annually Maturity: 20 years

Purpose of Capital

The proceeds would be used to support the development and financing of 25 affordable housing units

PROJECT MILESTONES

Milestone Date

Site acquisition Purchased 2007

Municipal approvals January 2011

Mortgage financing March 2014 (anticipated)

Construction start April 2013

Close Financing Spring 2014

First Occupancy March 2015

TEAM

Vicky Huehn, MPA Executive Director

Bruce GriffithChair

Tom Anger, MBA Treasurer

THANK YOU

Vicky HuehnExecutive Directorvhuehn@fcmhas.ca613.544.1356 extension 2402

THANK YOU