F A Q s

• Magellan Community Charities is a not-for-profit registered charitable organization.
• It was created to build and operate a senior long-term care and assisted living facility, offering culturally sensitive care to aging members of Portuguese speaking Canadian communities.

• • Magellan Community Charities 
    • • Parent of the operating entities.
    • Magellan Community Care
      • Not-for-profit registered charitable organization to operate 256 bed long term care units.
    • Magellan Community Housing
      • Not-for-profit registered charitable organization to operate 60 assisting living units.
  • Magellan Community Foundation 
    • • A not-for-profit registered charitable organization to source and administer donations.

• Angie Camara – Corporate Strategic Partnerships
• Chris Clapperton – Lawyer, Estate Planning 
• Manuel DaCosta – Businessman and Philanthropist
• John P. Ferreira – Lawyer, Real Estate 
• Vitor Fonseca – Finance And Real Estate Professional
• Jack A. Prazeres – Businessman and Community Advocate
• Ulysses Pratas – Businessman
  • (Chair – Capital Campaign)

Officers:

• Irene S. Faria – Chartered Professional Accountant
  • (Treasurer)
• Elizabeth Mendes – Public Policy Professional 
  • (Secretary)
• Charles Sousa – Former Ontario Minister of Finance
  • (Chair)

• This charity will have a separate and independent Board of Directors.
• Currently the Board of Directors of MCC is serving as its Board.
• A Capital Campaign Cabinet has been formed to initiate the process.

• No one on any of the boards are or will be paid.  
• The Board and its Officers are strictly volunteers and donors.

• Sara Isabel Dias is our Executive Director.   
  • • Over 20+ years of senior management experience in the not-for-profit sector and operating charitable campaigns.
• Richard Ramos is our Development Manager.   
  • • Accomplished project management professional and planner with 20+ years of experience in construction management and land development. 

• $103,500,000                                Total
  • $79,200,000                         Long Term Care
  • $23,500,000                         Affordable Housing (Assisting Living)

• $ 7,450,000                                 Land value

                                                                1.18 acres (100 year lease@ $1/yr)

• $ 76,950,000                               Loans
  • $59,905,000                     Senior Lender
  • $17,000,000                     CMHC
• $  3,945,000                                Grants
  • $1,315,000                       CMHC (Co-Investment)
  • $ 130,000                         CMHC (Seed Funding – received)
  • $1,500,000                       City of Toronto (*to be approved by council)
  • $1,000,000                       Metrolinks (*to be approved by council)
• $ 15,200,000                               Equity Component

• $ 20,000,000                         LTC Revenues
• $ 1,500,000                           Affordable Housing/Assisted Living

• $400,000 projected in first year of operation.
• All net surpluses to support ongoing capital improvements.

• $ 15,200,000

• $ 2,500,000       Pledged
• $ 580,000          Raised

• The Ministry of Health and Long Term Care (MOHLTC) Development Grant available upon substantial completion of the LTC facilities and up to $11 million.

• Diligently working to get the project built with:
  • First tranche of funding is the $15.2 million to cover soft costs such planning, site permits and consulting fees, etc.
  • The Construction Manager will be providing a 100% performance bond in order to complete the construction of the facilities.

• All donors will receive an official charitable tax receipt.
• All donations will go toward the first tranche for shovel-in-the-ground readiness. 

• An extensive RFP was issued and a number of highly reputable and qualified builders were interviewed.
• Corebuild Construction was successfully awarded the construction management contract.

• Magellan Community Charities narrowed down three proponents after conducting an extensive RFP. The process of selection is currently underway. 
• This third party operator will operate the 256 bed long term care home and the 60 affordable housing apartments.

• The home is available for seniors in need. Priority is given to Portuguese speaking applicants but it will also accommodate seniors from the CCAC/LHIN waiting list.

• The Magellan complex is receiving a lot of community attention and government support because it is a unique way to provide continuum of care in a densely populated area.   
• The stacking of long term care and affordable housing/assisted living units facilitates the official growth plan which is of interest to all levels of government.

• Province of Ontario – Ministry of Long Term Care (MOHLTC)
• City of Toronto – Affordable Housing and Create TO
• Canada Mortgage and Housing Corporation (CMHC)

• MOLTC Licences Approval (2018)
• City of Toronto, Property Lease (2019)
• Site Plan Approval (2021)
• Begin Construction (2021)
• Doors Open (2024)