Better Business Bureau Report for
IMD Guest House Foundation

Better Business Bureau Report issued October 2013
Better Business Bureau Report expires October 2015


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: IMD Guest House Foundation
Address: 818 S. Wolcott Ave.
(SRH Building) #303
  Chicago, IL 60612
Phone: 312-996-1167
312-996-0958
Web Address: www.imdguesthouse.org
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Better Business Bureau Comments

Year, State Incorporated: 1999, Illinois
Affiliates: None
Stated Purpose: The IMD Guest House Foundation started in response to a critical need for affordable accommodations where patients and family members can stay while their loved one receives medical treatment in the Illinois Medical District area.

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Evaluation Conclusions

              

IMD Guest House Foundation meets the 20 Standards for Charity Accountability.
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Programs

              

Seven days a week, 24 hours a day, 365 days a year, the Guest House serves people in need. The Guest House’s mission has expanded over time to include not only family members, but also the patients themselves, when they travel to Chicago for outpatient treatment. Each person who stays at the Guest House’s facilities is provided with comfortable, affordable accommodations for as long as they need it. The Guest House is the only such facility in Chicago that serves both children and adult patients, and families of children and adult patients, providing comfort and a safe haven at a time when energy must be directed to larger issues. Each of the hospitals in the Illinois Medical District is within walking distance of the Guest House’s accommodations. In 2012, they provided 2800 nights of service.

For the fiscal year ended December 31, 2012, IMD Guest House Foundation's program expenses were:

  
Total Program Expenses: $
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Governance

              

Chief Executive : Michael Mayse, Executive Director
Compensation*: 
$109,000

Chair of the Board: Ammie McAsey
Chair's Profession / Business Affiliation: Vice President McKesson Corporation

Board Size: 17

Paid Staff Size: 5

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

direct mail, invitations to fund raising events, grant proposals, internet, planned giving arrangements
Fund raising costs were 15% of related contributions. (Related contributions, which totaled $583,227, are donations received as a result of fund raising activities.)
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on IMD Guest House Foundation's audited financial statements for the fiscal year ended December 31, 2012.

Source of Funds  
Room Sponsorship 370,397
In-kind contribution and support 123,574
Special events 66,646
Public support & contribution 22,610
Other income 510
Interest income 65
Total Income $583,802


chart



Uses of Funds as a % of Total Expenses

Programs: 75%  Fund Raising: 15%  Administrative: 10% 

Total income $583,802
Program expenses $425,582
Fund raising expenses 85,119
Administrative expenses 56,748
Total expenses $567,449
Income in Excess of Expenses 16,353
Beginning net assets 1,153,289
Ending net assets 1,169,642
Total liabilities 119,432
Total assets $1,289,074


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

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