Ontario · Receivership (court-appointed)
Supplement to the Receiver’s Fourth Report to the Court dated May 22, 2026 - 1 of 2
Court officer report · 22 May 2026
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What we verified from this filing5 verified
- financial positionnote: Only current assets/current liabilities components stated, not a total: as at June 30, 2022, current assets were $617,000 and current liabilities (excluding current portion of mortgage payable) were $1.3 million; as at June 30, 2025, current assets were $579,000 and current liabilities (excluding current portion of mortgage payable) were $857,000. Accumulated deficit reduced from $650,000 (2022) to $241,000 (2025). Replacement reserve fund balance was $0 at June 30, 2022/2023 and $161,560 at June 30, 2025. · as at: 2025-06-30 · basis: annual audited financial statements (clean audit opinion for FY2024 and FY2025; disclaimer of opinion for FY2023) · scope: entity - Harry Sherman Crowe Housing Co-operative Inc. · currency: CAD
- operational summaryThe Receiver reports that despite ongoing financial challenges caused by extensive repairs and maintenance costs, the Co-op's financial position has continued to improve since the Receiver's appointment, evidenced by reduced current liabilities, a lower accumulated deficit, and a rebuilt replacement reserve fund.
- recovery outcomeentries: basis: unstated · quote: As of March 14, 2023, the Co-operative had a significant accumulated deficit and unpaid financial liabilities and there were not sufficient funds for distribution to unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2026-05-22 · table missing:
- report date22 May 2026
- report noFourth Supplemental Report