OTTAWA COMMUNITY LOAN FUND/FONDS D'EMPRUNT COMMUNAUTAIRE D'OTTAWA
Charitable organizationOrganizations relieving poverty·308-2211 RIVERSIDE DR · OTTAWA, ON · K1H 7X5·BN 896380615RR0001
Last reported: F2024 filing · period ending 2024-12-31
This filing's expense lines don't reconcile: program spending (line 5000) plus overhead (5010 + 5020) adds up to more than total spending (4950). Cents-to-cause and overhead can't both be right, and the filing doesn't say which — so this charity is left out of ranked search results for this filing year. We show both figures exactly as filed; read them together with this in mind, or check the public record ↗.
What it does — in its own words
Ongoing programs
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.
Program descriptions from its F2024 T3010 filing, verbatim · self-reported · this is also the text our semantic search matches against. source ↗
Tier 1 — what we computed (open data)
From the charity's own F2024 T3010 filing. Self-reported; not independently verified. You can recompute every figure.
Cents to cause
T1 · computed (open data)108¢
As filed: 108¢ of each dollar to programs — but this filing's expense lines don't reconcile (see note above).
Sector median: 89¢ across 55,155 computed charities.
T3010 line 5000 ÷ 4950 · Self-reported on the T3010; not independently verified. source ↗
Operating overhead
T1 · computed (open data)2%
Management, administration, and fundraising as a share of total spending. We treat 5–35% as the typical range; we state the figure, you judge.
T3010 line (5010 + 5020) ÷ 4950 · Self-reported on the T3010; not independently verified. source ↗
Reserves
T1 · computed (open data)0.6 yr
Years current reserves could cover program spending.
Sector quartiles: 0.4 yr / 0.8 yr / 7.5 yr (p25 / median / p90).
T3010 line (4100 + 4140) ÷ 5000 · Self-reported on the T3010; not independently verified. source ↗
Total revenue
T1 · computed (open data)$1.8M
Last-reported total revenue.
T3010 line 4700 · Self-reported on the T3010; not independently verified. source ↗
Donor-funded
T1 · computed (open data)0%
Share of revenue from receipted donations.
T3010 line 4500 ÷ 4700 · Self-reported on the T3010; not independently verified. source ↗
Government-funded
T1 · computed (open data)76%
Share of revenue from federal, provincial, and municipal sources.
T3010 line 4570 (or 4540+4550+4560) ÷ 4700 · Self-reported on the T3010; not independently verified. source ↗
Over the years
Every figure as filed at each fiscal period end, 2019–2024.
| Period end | Revenue | Cents to cause | Overhead | Reserves |
|---|---|---|---|---|
| 2019-12-31 | $1.1M | 97¢ | 3% | 0.5 yr |
| 2020-12-31 | $1.3M | 96¢ | 4% | 0.5 yr |
| 2021-12-31 | $1.3M | 97¢ | 3% | 0.9 yr |
| 2022-12-31 | $1.1M | 93¢ | 7% | 0.9 yr |
| 2023-12-31 | $1.3M | 96¢ | 4% | 1.5 yr |
| 2024-12-31 | $1.8M | 108¢✱ | 2% | 0.6 yr |
| trend |
From its T3010 filings (CRA annual releases) · self-reported, not audited by us · when a period is restated in a later release, the newest figures are shown · ✱ = cents-to-cause outside the valid 0–100% range (filing error; not used in rankings). source ↗
★ Tier 2 — Charity Intelligence (analyst-reviewed)
Not rated by Charity Intelligence. Their analysts cover 618 of Canada's 83,761 charities; absence of a rating says nothing about this charity. Our computed figures above stand on their own.
Board of directors
9 directors reported · 9 of 9at arm's length
- MISHRA, KAMESHWARCHAIRarm's length
- NORRIS, LEIGH-ANNESECRETARYarm's length
- MITCHENER, SHAUNDRADIRECTORarm's length
- FARRELL, MEAGHANDIRECTORarm's length
- JUDGE, KEVINDIRECTORarm's length
- KAYED, MARIANNEDIRECTORarm's length
- DHARA, VYASDIRECTORarm's length
- WITLOX, RUDYDIRECTOR/INTERIM TREASURarm's length
- BAHROUMI, GORANTREASURERarm's length
From its F2024T3010 filing (public CRA record), as filed. “Arm's length” means not related to other officials by family or business ties. source ↗
Right of reply
This charity hasn't added a response yet. When it does, it appears here, beside the numbers, and is never removed. Represent this charity? Submit a response.
Verify everything: full public record on CharityData.ca ↗ · CRA charities listing ↗