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-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 Clappertan – 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, Magellan Community Foundation Capital Campaign Cabinet)

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 Magellan Community Charities 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
    • $79,200,000 for Long Term Care
    • $23,500,000 for 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.
  • $    580,000 raised
  • $    500,000 pledged
  • 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. It is currently in the interview process.
  • This third party operator will operate the 256 bed long term care home and the 60 affordable housing apartments.
  • The home is available to seniors in need. Priority to the Portuguese speaking applicants but it will also accommodate other 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 accommodates intensification and the need for seniors support.     
  • The Magellan project facilitates the growth plan of the province of Ontario and of the city of Toronto. 
  • Province of Ontario – Ministry of Health and Long Term Care (MOHLTC)
  • City of Toronto- Affordable Housing and Create TO
  • Canada Mortgage and Housing Corporation (CMHC)

• MOHLTC Licenses Approval – 2018
• City of Toronto, Property Lease – 2019
• Site Plan Approval – 2021
• Construction – 2021-2024
• Doors Open – 2024

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