Overview
What is Ronald Mcdonald House Of New York Inc?
Ronald Mcdonald House of New York Inc is a renowned nonprofit organization based in New York City. Their primary mission is to offer a no-cost temporary home for families while their pediatric patients undergo outpatient treatment at one of the 13 partnering hospitals. The house, which has 95 guest rooms and various amenities such as laundry facilities, kitchens, living spaces, and outdoor terraces, aims to keep families close during challenging times. Over the years, they have expanded their efforts to address social determinants of health for children diagnosed with complex diseases, extending their reach across the boroughs. With a team of 88 employees, the organization provides daily nutritious meals and roundtrip transportation services to families, ensuring they are well supported during their hospital visits.
Official website here: www.rmh-newyork.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 92%, Four-Star out of Four Star rating.
Ronald McDonald House of New York Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance across various metrics. With an overall score of 92%, the organization shows notable strengths in Accountability & Finance (90%) and Culture & Community (94%). The charity is governed entirely by independent board members, which enhances its accountability and transparency.
The organization excels in leadership and adaptability, scoring a perfect 100% in this category, indicating effective management and strategic planning. Furthermore, it demonstrates strong financial practices, evidenced by its low liabilities to assets ratio of 9.09% and a significantly high working capital ratio of 6.28 years. The charity also actively engages with its constituents, achieving perfect scores in feedback collection and usage, which highlights its commitment to community involvement.
However, there are some areas where the charity could improve. The program expense ratio at 63.04% suggests that a larger portion of its expenses goes towards fundraising rather than direct program services. Additionally, the fundraising efficiency ratio of $0.33 indicates that there may be room for better optimization of fundraising activities to increase net revenue. Overall, while the Ronald McDonald House of New York Inc is strong in many areas, focusing on improving fundraising efficiency could enhance its impact further.
This AI summary has been generated from information found on Charity Navigator.
Is Ronald Mcdonald House Of New York Inc legitimate?
Ronald Mcdonald House Of New York Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ronald Mcdonald House Of New York Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,389,085
Professional Fundraising Fees: $116,185
Other Salaries and Wages: $4,529,993
For more financial information, click here
Official website here: www.rmh-newyork.org
What is the mission statement of Ronald Mcdonald House Of New York Inc?
Ronald Mcdonald House of New York aims to create a supportive environment for families whose children are undergoing outpatient treatment for pediatric cancer and other complex illnesses at partnering hospitals. Their mission extends beyond medical care, addressing social determinants of health for these children and their families. In recent years, the organization has expanded its reach, increasing interventions to enhance the overall well-being of these families.
Official website here: www.rmh-newyork.org
Who is the CEO of Ronald Mcdonald House Of New York Inc?
Jan Navatkoski is the Director of Ronald Mcdonald House Of New York Inc. The CEO's salary of Ronald Mcdonald House Of New York Inc is $670,907 and their total compensation is $745,523.
Official website here: www.rmh-newyork.org
What is the revenue of Ronald Mcdonald House Of New York Inc?
Ronald Mcdonald House Of New York Inc's revenue in 2022 was $13,461,140.
Official website here: www.rmh-newyork.org
Who are the executives of Ronald Mcdonald House Of New York Inc and what are their salaries?
The average compensation at Ronald Mcdonald House Of New York Inc during 2022 was $78,626. There are 88 employees and 1500 volunteers at Ronald Mcdonald House Of New York Inc.
Here are 61 key members and their salaries (Ronald Mcdonald House Of New York Inc's CEO's salary is $670,907 and their total compensation is $745,523):
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Official website here: www.rmh-newyork.org
Where can I find the form 990 for Ronald Mcdonald House Of New York Inc?
Ronald Mcdonald House Of New York Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rmh-newyork.org
Learn more at the official website: www.rmh-newyork.org
Mission Statement of Ronald Mcdonald House Of New York Inc
Ronald Mcdonald House of New York, a renowned nonprofit organization, is dedicated to keeping families close as they navigate the challenging journey of their pediatric patients undergoing outpatient treatment at thirteen partnering hospitals. The mission of this charitable institution transcends the hospital walls, as it strives to create a nurturing and supportive environment not just for the pediatric patients battling cancer and other complex illnesses, but also for their families.
Ronald Mcdonald House New York has broadened the scope of its work in recent years, focusing on addressing social determinants of health for children diagnosed with cancers and other intricate diseases. By expanding its interventions, this esteemed organization aims to enhance the overall well-being of its young patients and their families, ensuring they receive the necessary support during their challenging times.
The nurturing environment at Ronald Mcdonald House of New York not only offers shelter and comfort but also enables families to stay connected, fostering a sense of community and togetherness. This organization's mission reflects its commitment to being a beacon of hope and a source of strength during the most trying times. By extending their reach across various boroughs, the organization continues to make a difference in the lives of countless families facing pediatric health challenges.
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Impact
October, 2024
Ronald McDonald House of New York Inc. significantly impacts families with pediatric patients by providing a vital support system during challenging times. By offering a no-cost temporary home, it ensures that families can stay close to their children who are receiving outpatient treatment at nearby hospitals. With 95 guest rooms, including specialized post-transplant suites, the facility creates a welcoming and comforting environment.
The amenities provided, such as laundry facilities, multiple kitchens, and nutritious meals, foster a sense of community and ease for the families. Transportation services for hospital appointments further reduce the stress associated with medical visits, allowing families to focus on their child's well-being.
Moreover, Ronald McDonald House of New York has expanded its initiatives to address social determinants of health, recognizing that comprehensive support goes beyond just housing. This holistic approach enhances the quality of life for children battling complex illnesses and reinforces the organization’s commitment to making a meaningful difference in their lives. Through these services, the organization not only alleviates some of the burdens families face but also uplifts their spirits in what can often be a harrowing journey.
This information is meant to be a general summary of Ronald Mcdonald House Of New York Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $738,250
- Program Service Revenue: $291,329
- Gross Receipts: $21,010,977
Assets and Liabilities:
- Total Assets: $126,397,952
- Total Liabilities: $11,496,932
- Net Assets: $114,901,020
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ROOM DONATION REVENUE
Revenue
$291,329
Organization Details
Founding Year
1977
Phone
(212) 639-0100Principal Officer
Jan Navatkoski
Main Address
405 EAST 73RD STREET, NEW YORK, NY, 10021
Website
www.rmh-newyork.orgNTEE Category
Code: E860 - Health
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