Business View Magazine
7
SMS Engineering: Holy Family Home
Publication
23762 SMS Holy Family Home Ad 2015.indd 1
07-29-15 10:47 AM
tax return.
Total yearly budget is roughly $20 million: $14.5 mil-
lion from government funding, $5.5 million from resi-
dent per diems.
Capital Expenses
Non-profit organizations receive 90 percent funding
for capital projects from the Manitoba government
(through approved borrowing and long-term financing).
The owner is required to put up 10 percent.
In the case of Holy Family’s $68.35 million project, ap-
proximately $6 million must be raised by the owner.
The Sisters have a Foundation in place that is imple-
menting the capital campaign initiative.
All About Compassion
Mary Semus, Assistant CEO at HFH speaks to the
bond that forms between client and care provider:
“This relationship is the heart of care delivery where
