Overview
What is Ronald Mcdonald House Charities Of Richmond?
Ronald Mcdonald House Charities of Richmond is a nonprofit organization situated in Richmond, Virginia. Their primary mission is to offer support and a temporary home to families whose children are undergoing medical treatment for serious illnesses, such as cancer, at nearby hospitals. This includes providing a comfortable living space, meals, relaxation areas, and opportunities for families to connect with others in similar situations. In 2022, they served 10,964 families, demonstrating their significant impact on the community. The organization operates on a donation-based model, with families typically contributing an average of $5 to $20 per day. However, financial constraints do not prevent families from utilizing their services. The Ronald Mcdonald House serves as a vital resource for these families, providing a much-needed refuge during challenging times.
Official website here: www.richmondrmhc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% (Four-Star out of Four Star rating)
Ronald McDonald House Charities of Richmond is recognized for its exceptional financial health and governance, reflected by a 99% score from Charity Navigator. The organization has achieved a perfect 100 in Accountability & Finance, indicating strong oversight and transparency in its operations. The board is largely independent, with 95% of its 22 members not affiliated with the organization, ensuring objective decision-making.
The charity demonstrates robust financial management, with a program expense ratio of 75.36%, meaning the majority of its funds directly support its programs. The low liabilities to assets ratio of 3.70% signifies that the organization is in a healthy financial position, minimizing risks related to debt. Additionally, the presence of comprehensive policies such as conflict of interest and whistleblower protections further enhances its governance framework.
While the organization has scored high on its community culture with an 87, there are no specific details provided regarding areas for improvement. Overall, Ronald McDonald House Charities of Richmond stands out as a strong nonprofit that effectively supports its mission while maintaining high standards of accountability and financial integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Ronald Mcdonald House Charities Of Richmond legitimate?
Ronald Mcdonald House Charities Of Richmond is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ronald Mcdonald House Charities Of Richmond 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: $141,532
Professional Fundraising Fees: $0
Other Salaries and Wages: $842,573
For more financial information, click here
Official website here: www.richmondrmhc.org
What is the mission statement of Ronald Mcdonald House Charities Of Richmond?
Ronald McDonald House Charities' mission, in essence, is to offer a "home away from home" for families of seriously ill children undergoing treatment at nearby hospitals. The program recognizes the challenges families face, especially when their children require prolonged medical attention, often necessitating long-distance travel. In such situations, affordable and comfortable accommodations can be scarce, with options often limited to expensive hotels or uncomfortable hospital chairs. To bridge this gap, Ronald McDonald House provides a supportive temporary residence near medical facilities. Families can sleep, eat, relax, and find solace in the company of other families facing similar circumstances. While families are encouraged to make a donation of about $5 to $20 per day, their stay is free if they are unable to do so.
Official website here: www.richmondrmhc.org
Who is the CEO of Ronald Mcdonald House Charities Of Richmond?
Max German is the President of Ronald Mcdonald House Charities Of Richmond.
Official website here: www.richmondrmhc.org
What is the revenue of Ronald Mcdonald House Charities Of Richmond?
Ronald Mcdonald House Charities Of Richmond's revenue in 2022 was $1,805,601.
Official website here: www.richmondrmhc.org
Who are the executives of Ronald Mcdonald House Charities Of Richmond and what are their salaries?
The average compensation at Ronald Mcdonald House Charities Of Richmond during 2022 was $31,745. There are 31 employees and 2133 volunteers at Ronald Mcdonald House Charities Of Richmond.
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- Compensation: $128,743
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- Other: $12,789
Official website here: www.richmondrmhc.org
Where can I find the form 990 for Ronald Mcdonald House Charities Of Richmond?
Ronald Mcdonald House Charities Of Richmond's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.richmondrmhc.org
Learn more at the official website: www.richmondrmhc.org
Mission Statement of Ronald Mcdonald House Charities Of Richmond
Ronald McDonald House Charities of Richmond operates with a simple yet compassionate mission: to provide a "home away from home" for families of seriously ill children receiving treatment at nearby hospitals. These children, often requiring extended medical attention, may need to travel great distances for their care. Conventional accommodations, such as expensive hotels or uncomfortable hospital chairs, can be scarce or unaffordable for these families. Recognizing this challenge, Ronald McDonald House Charities of Richmond steps in, offering a supportive and comfortable alternative.
The Ronald McDonald House serves as a temporary residence near medical facilities, where family members can rest, eat, and find solace in the company of others facing similar circumstances. By providing a comfortable space for sleep, meals, and relaxation, this nonprofit organization offers a much-needed respite for families whose lives have been turned upside down due to their child's illness. Moreover, the Ronald McDonald House fosters an environment of support, allowing families to connect with one another, sharing their experiences and offering comfort and understanding during their difficult journey. In return, families are asked to make a donation, typically ranging from $5 to $20 per day. However, if financial constraints make this impossible, the organization ensures that their stay is free of charge.
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Impact
July, 2024
Ronald McDonald House Charities of Richmond provides a crucial "home away from home" for families with seriously ill children receiving treatment at area hospitals. In 2022, they served 10,964 families, offering housing, emotional support, transportation, and access to a food pantry. Families facing the stress of caring for an ill child can find comfort, rest, and a supportive community at the Ronald McDonald House, alleviating the burden of finding accommodations during a challenging time. Their impact is profound, providing a vital resource for families in need during difficult medical situations.
This information is meant to be a general summary of Ronald Mcdonald House Charities Of Richmond. 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: $83,196
- Gross Receipts: $1,949,326
Assets and Liabilities:
- Total Assets: $4,308,854
- Total Liabilities: $159,578
- Net Assets: $4,149,276
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Organization Details
Founding Year
1984
Phone
(804) 355-6517Principal Officer
Max German
Main Address
2330 MONUMENT AVENUE, RICHMOND, VA, 23220
Website
www.richmondrmhc.orgNTEE Category
Code: E86Z - Health
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