In his 10 years at the Association of Neighbourhood Houses of BC (ANHBC), CFO Tarunjeet Bhatia has seen the organization’s revenues grow from $7 million in 2002 to $17 million in 2011 and the number of employees increase by 60% over the same period.
One of B.C.’s first non-profits, ANHBC is recognized by Business in Vancouver as the 11th- largest charity in the province.
Under Bhatia’s financial management, the association has produced 10 years of clean audits and enjoys a reputation for its financial services acumen that is significantly better than many other non-profits across Metro Vancouver.
Throughout his tenure at ANHBC, first as manager of finance and in his current role as CFO, Bhatia has established new approaches and contributed to the organization’s non-profit accounting and capital structures.
He transformed the ANHBC from a manual accounting process to a sophisticated enterprise resource planning system.
Bhatia also developed performance reporting and diversity training as part of a transparency and accountability process and implemented a social enterprise model of shared financial services.
Bhatia’s role often expands beyond the general scope of a CFO. He has overseen project management of construction and socia-housing projects and was instrumental in developing a strategic plan for ANHBC, the first in its 117-year history.
In the last three years, ANHBC’s donor, membership and funding base has increased 21.4%.
Mamie Hutt-Temoana, ANHBC’s CEO, said “increasingly during the last 10 years there have been periods of market volatility, particularly in the non-profit sector, and Bhatia has ensured that ANHBC is well placed with a strong balance sheet and secure financial reserves, such as ANHBC’s current $4.5 million investment portfolio.” •
