Ronald McDonald House Toronto

240 McCaul Street
Toronto, ON M5T 1W5
CEO: Stephanie Karapita
Board Chair: Joseph Cooper

Website: www.rmhctoronto.ca
Charitable Reg. #: 11885 2631 RR0001
Sector: Social Services - Youth
Operating Charity

Social Results Reporting

Grade: B+

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #33

Avg. Compensation $63,238

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 1
$160k - $200k 0
$120k - $160k 0
$80k - $120k 1
$40k - $80k 8
< $40k 0
Information from most recent CRA Charities Directorate filings for F2014

About Ronald McDonald House Toronto:

Ronald McDonald House Toronto (RMHT), formally known as Toronto Children's Care Inc., accommodates families of seriously ill children while they receive treatment in local Toronto hospitals. Founded in 1981, RMHT runs the largest Ronald McDonald House in the world.

Ronald McDonald House Toronto's House is less than half a kilometer away from Sick Kids Hospital in downtown Toronto and can hold 81 families at a time. RMHT charges families $15 per night and gives sick children the opportunity to live with their families while receiving treatment. RMHT housed 748 families in 2015 and reports a 94% satisfaction rate for the year. The House's amenities include sleeping quarters, a kitchen, laundry facilities, a media room and a kids clubhouse.

Ronald McDonald House Toronto also has Family Rooms in four Toronto hospitals for families to escape the traditional hospital setting while staying close to their child in care. Family Rooms offer lounge rooms, laundry facilities, kitchens and napping areas meant only for the families of children receiving treatment. RMHT served 2,384 families in 2015 with its Family Rooms, which is an 85% increase compared to the previous year. On average, the Family Rooms had 214 visitors every day. In response to increasing demand, Ronald McDonald House Charities Toronto opened two Family Rooms in Rouge Valley Centenary in December 2015. This marks the charity's fourth Family Room location and the charity plans to open more in the next two years.

Financial Review:

Ronald McDonald House Toronto is a medium-sized charity with total donations and fundraising revenues of $4.9m in F2015. Administrative costs are 10% of revenues and fundraising costs are 17% of donations, which combined falls within Ci's reasonable range for overhead spending. $0.27 of every donated dollar goes toward overhead costs.

The charity holds funding reserves of $18.2m, which can cover annual program costs for 6.4 years.

This charity report is an update that is currently being reviewed by Ronald McDonald House Toronto. Changes and edits may be forthcoming.

Updated on June 30, 2016 by Katie Khodawandi.

Financial Ratios

Fiscal year ending October
201520142013
Administrative costs as % of revenues 10.2%11.3%5.6%
Fundraising costs as % of donations 16.8%22.8%15.1%
Program cost coverage (%) 635.9%687.3%772.8%

Summary Financial Statements

All figures in $000s
201520142013
Donations 4,9045,0896,751
Fees for service 392382351
Investment income 6041,2611,095
Total revenues 5,9006,7318,197
Program costs 2,8642,5072,070
Administrative costs 539617398
Fundraising costs 8241,1591,020
Cash flow from operations 1,6722,4474,709
Funding reserves 18,21617,23215,999
Note: Ci included investment fees in administrative costs. Amortization of imputed interest benefit of $17k in F2015, $19k in F2014 and $21k in F2013 is included in non-cash expenses and has been backed out of administrative costs. Mortgages receivable is included in the charity’s funding reserves.

Comments added by the Charity:

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