RONALD MCDONALD HOUSE AT THE MARIA FARERI CHILDREN'S HOSPITAL INC

EIN: 352181050 501(c)(3)

VALHALLA, NY

Total Revenue
$2,557,860
Total Expenses
$1,539,364
Total Assets
$7,891,363
Net Assets
$6,579,239
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
NY
Principal Officer
BRITTANY MORETTI
Phone
9144936455
Tax Period
2023-01-01 to 2023-12-31

RONALD MCDONALD HOUSE AT THE MARIA FARERI CHILDREN'S HOSPITAL INC, founded in 2002, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2023. The organization ran a surplus of $1.0M, a strong 40% operating margin.

Mission

THE MISSION OF RONALD MCDONALD HOUSE OF THE GREATER HUDSON VALLEY (RMHGHV) IS TO PROVIDE HOPE, HELP, AND A HOME AWAY FROM HOME FOR FAMILIES OF CHILDREN REQUIRING CRITICAL CARE.RMHGHV MAINTAINS AND OPERATES A 12-BEDROOM FACILITY AND PROGRAMS IN WESTCHESTER COUNTY THAT PROVIDES TEMPORARY HOUSING FOR FAMILIES WHILE THEIR CHILDREN ACCESS MEDICAL TREATMENT AT LOCAL HOSPITALS AND FACILITATES SUPPORT PROGRAMS TO HELP FAMILIES COPE THROUGH THEIR CHILD'S MEDICAL CRISIS.

Program Service Accomplishments

Program 1
Expenses: $1,026,984 Revenue: $6,477

WHEN CHILDREN MUST TRAVEL LONG DISTANCES TO ACCESS TOP MEDICAL CARE, ACCOMMODATIONS AND SUPPORT FOR FAMILIES CAN BE EXPENSIVE OR NOT READILY AVAILABLE. THE ORGANIZATION HELPS FAMILIES STAY CLOSE TO...

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WHEN CHILDREN MUST TRAVEL LONG DISTANCES TO ACCESS TOP MEDICAL CARE, ACCOMMODATIONS AND SUPPORT FOR FAMILIES CAN BE EXPENSIVE OR NOT READILY AVAILABLE. THE ORGANIZATION HELPS FAMILIES STAY CLOSE TO THEIR ILL OR INJURED CHILD THROUGH THE RONALD MCDONALD HOUSE PROGRAM LOCATED IN VALHALLA, NY WHICH PROVIDES TEMPORARY LODGING, MEALS AND OTHER SUPPORT TO CHILDREN AND THEIR FAMILIES. THE PROGRAM PROVIDES FAMILIES WITH EMOTIONAL AND PHYSICAL COMFORT AND INCREASES THE CAREGIVERS' ABILITY TO SPEND MORE TIME WITH THEIR CHILD, TO INTERACT WITH THEIR CLINICAL CARE TEAM AND TO PARTICIPATE IN CRITICAL MEDICAL CARE DECISIONS.THE RONALD MCDONALD HOUSE TYPICALLY OPERATES AT MAXIMUM CAPACITY WITH A WAITLIST OF FAMILIES WHO HAVE REQUESTED A ROOM. THE OVERFLOW HOUSING PROGRAM ALLOWS THE ORGANIZATION TO PROVIDE FAMILIES AND PATIENTS WHO ARE FORCED TO BE WAITLISTED WITH ALTERNATE ACCOMMODATIONS AT LOCAL HOTELS OR AIRBNB HOMES UNTIL A ROOM AT THE RONALD MCDONALD HOUSE BECOMES AVAILABLE. THIS PROGRAM HAS BEEN ESPECIALLY HELPFUL DURING COVID AND HAS ALLOWED THE ORGANIZATION TO SERVE FAMILIES THEY OTHERWISE WOULD NOT BE ABLE TO DUE TO COVID RESTRICTIONS LIMITING OCCUPANCY. DURING THEIR TIME SPENT WITH THE ORGANIZATION, FAMILIES OFTEN DON'T HAVE THE TIME, RESOURCES, OR ENERGY TO MAKE A MEAL FOR THEMSELVES AND THEIR FAMILY WHILE ALSO DEALING WITH THEIR CHILD'S MEDICAL ISSUES. THE RMHGHV PROGRAM ACCOUNTS FOR THIS AND PROVIDES THE MEAL PROGRAM TO ENSURE FAMILIES HAVE ACCESS TO FULLY PREPARED MEALS DAILY DURING THEIR STAY. VOLUNTEERS, LOCAL RESTAURANTS AND STAFF PROVIDE AT LEAST ONE MEAL PER DAY TO EACH INDIVIDUAL UTILIZING A RMHGHV PROGRAM. THIS INCLUDES THOSE WHO USE THE OVERFLOW HOUSING PROGRAM, PARENTS, SIBLINGS AND PATIENTS, BOTH INPATIENT (IF DESIRED) AND OUTPATIENT.IN 2023, RMHGHV SERVED OVER 2,000 INDIVIDUALS WITH OVERNIGHT ACCOMMODATIONS, RESPITE AND MEALS. IN TOTAL, MORE THAN $17,000 MEALS WERE PROVIDED TO FAMILIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,486,783
Program Service Revenue $6,477
Investment Income $119,133
Other Revenue $-54,533
TOTAL REVENUE $2,557,860

Expense Breakdown

Grants Paid $284,453
Salaries & Benefits $668,246
Fundraising Expenses $221,036
Program Expenses $1,026,984
Other Expenses $572,624
TOTAL EXPENSES $1,539,364

Year-over-Year Comparison

2023 2022 Change
Revenue $2,557,860 $2,409,285 +0.1%
Expenses $1,539,364 $1,259,780 +0.2%
Net Income $1,018,496 $1,149,505 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
29
Volunteers
2404

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$208,958
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD LANDAU ESQ PRESIDENT & CHAIR 5.00
Officer Director
$0 $0 $0
CHUCK CAULKINS VICE-PRESIDENT 5.00
Officer Director
$0 $0 $0
PAUL TREFZ VICE-PRESIDENT 4.00
Officer Director
$0 $0 $0
CATHERINE BIDDLE TREASURER 5.00
Officer Director
$0 $0 $0
ANTHONY TRIMARCHI SECRETARY 5.00
Officer Director
$0 $0 $0
CAROLYN CLARK-TENNEY DIRECTOR 3.00
Director
$0 $0 $0
CHRISTOPHER COWAN DIRECTOR 3.00
Director
$0 $0 $0
JAK CUKAJ DIRECTOR 3.00
Director
$0 $0 $0
PAUL J GOLDFEDER DIRECTOR 3.00
Director
$0 $0 $0
TRICIA HILLER DIRECTOR 3.00
Director
$0 $0 $0
KEVIN HOFFMAN DIRECTOR 3.00
Director
$0 $0 $0
JEFF MOSKOWITZ DIRECTOR 3.00
Director
$0 $0 $0
JOSIE TREFZ DIRECTOR 3.00
Director
$0 $0 $0
CHRISTINA RILEY EXECUTIVE DIRECTOR THRU SEPT. 2023 40.00
Officer
$108,506 $13,664 $122,170
BRITTANY MORETTI EXECUTIVE DIRECTOR 40.00
Officer
$84,026 $2,762 $86,788
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $2,557,860 $1,539,364 $7,891,363 $1,018,496
2022 $2,409,285 $1,259,780 $6,554,783 $1,149,505
2021 $1,533,629 $961,765 $4,856,872 $571,864
2020 $1,470,078 $740,955 $4,082,456 $729,123
2019 $988,415 $928,204 $3,548,114 $60,211
2018 $1,215,221 $908,861 $3,203,114 $306,360
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