Ronald McDonald House Montreal
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✖
FINANCIAL TRANSPARENCY
Audited financial statements available only through official request for information from Charities Directorate.
D
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
n/r
DEMONSTRATED IMPACT
The demonstrated impact per dollar Ci calculates from available program information.
NEED FOR FUNDING
Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.
93%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 93 cents are available for programs.
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OVERVIEW
About Ronald McDonald House Montreal:
Ronald McDonald House Montreal is a 1-star charity that is not financially transparent. It has a D Results Reporting grade, which is well below average. The charity's reserves can cover its annual program costs for over 15 years. Before you donate, read Ci's report.
Founded in 1982, Ronald McDonald House Montreal (RMHM), also known as Fondation des Amis de L'enfance Montreal Inc., accommodates families of ill children while they receive treatment in Montreal hospitals. Ronald McDonald House Montreal is one of 16 Ronald McDonald Houses in Canada. The charity’s mission is to provide warm and caring support to families with a sick child by offering safe and comfortable accommodations close to the medical care their child needs.
RMHM operates a manor and a family room. The charity does not produce an annual report. In 2022, RMHM spent $959k on its programs.
Ronald McDonald House Montreal’s manor is a low-cost temporary residence that welcomes parents from remote areas who have a sick child in a Montreal children’s hospital. It is located across the street from the Sainte-Justine Hospital. The manor has 50 guest rooms, each equipped with a bathroom. Families are required to pay $10 per night. To stay at the manor a family must: be a parent/guardian of a child (under 18) receiving treatment for an illness or injury, live 55km or more from the manor, and be referred by a hospital staff member. The manor offers two kitchens, a family room on each floor, a continental breakfast, and four meals per week.
Ronald McDonald House Montreal’s family room is located on the third floor of the Sainte-Justine Hospital. The space is reserved exclusively for families of patients in the day medicine unit. The family room is open Monday to Friday from 8 am to 4 pm.
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Results and Impact
Ci found that Ronald McDonald House Montreal did not report any quantified outcomes. This may not be a complete representation of Ronald McDonald House Montreal’s results and impact.
This charity is not yet rated on impact (n/r).
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Finances
Ronald McDonald House Montreal is not financially transparent. The charity did not send Ci its financial statements upon request. Ci received the charity’s financial statements from the CRA. At the time of this review, the most recent financial statements available are from 2022.
In 2022, Ronald McDonald House Montreal received $2.0m in donations and special events revenue. The charity spent $959k on its programs, which is 77% of revenue. The charity recorded a surplus of $125k and spent $269k on capital expenditures.
Administrative costs are 3% of revenue (excluding investment income). Fundraising costs are 5% of donations. For every dollar donated to the charity, 93 cents are available to go to the cause, which is within Ci’s reasonable range.
RMHM has $15.2m in reserve funds (cash and investments). The charity’s reserves can cover 1588%, or 15 years and 11 months of its annual program costs. Ci’s ideal Program Cost Coverage range is below three years (300%).
In 2022, the charity's $14.7m in investments returned ($867k) at a rate of (6%). Over the past five years, the charity's investments averaged a return of 3%.
This charity report is an update that has been sent to Ronald McDonald House Montreal for review. Changes and edits may be forthcoming.
Updated on August 16, 2024 by Liam Chapleau.
Financial Review
Fiscal year ending December
|
2022 | 2021 | 2020 |
|---|---|---|---|
| Administrative costs as % of revenues | 2.9% | 1.3% | 2.3% |
| Fundraising costs as % of donations | 4.5% | 0.3% | 6.7% |
| Total overhead spending | 7.4% | 1.6% | 9.0% |
| Program cost coverage (%) | 1,587.9% | 2,043.3% | 1,847.1% |
Summary Financial StatementsAll figures in $s |
2022 | 2021 | 2020 |
|---|---|---|---|
| Donations | 1,734,871 | 1,535,076 | 1,255,747 |
| Government funding | 25,155 | 215,488 | 214,015 |
| Fees for service | 93,109 | 54,370 | 51,340 |
| Special events | 248,287 | 68,004 | 215,618 |
| Investment income | (866,763) | 730,424 | 1,038,200 |
| Other income | (680) | (4,120) | 36,760 |
| Total revenues | 1,233,979 | 2,599,242 | 2,811,680 |
| Program costs | 959,337 | 754,311 | 710,070 |
| Administrative costs | 60,675 | 23,568 | 40,328 |
| Fundraising costs | 89,293 | 5,152 | 99,037 |
| Total spending | 1,109,305 | 783,031 | 849,435 |
| Cash flow from operations | 124,674 | 1,816,211 | 1,962,245 |
| Capital spending | 268,278 | 38,274 | 83,916 |
| Funding reserves | 15,232,915 | 15,412,549 | 13,115,731 |
Note: DEFERRED REVENUE: Ci accounted for deferred revenue within other revenue. This affected revenue by ($680) in 2022, ($4k) in 2021, and $37k in 2020. INVESTMENT INCOME: Ci included investment income reported below the line within revenue. This affected revenue by ($867k) in 2022, $730k in 2021, and $1.0m in 2020.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
1 |
$40k - $80k |
2 |
< $40k |
4 |
Information from most recent CRA Charities Directorate filings for F2022
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 514-731-2871