Better Business Bureau Report for
IMD Guest House Foundation

Better Business Bureau Report issued November 2015
Better Business Bureau Report expires November 2017


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, 2014, IMD Guest House Foundation's program expenses were:

  
Occupancy 326,052
Other salaries and wages 101,141
Compensation of Current Officers 92,933
Other expenses 85,449
Depreciation 41,930
Office Expenses 32,731
Payroll Taxes 18,748
Information Technology 9,724
Insurance 8,283
Accounting 6,187
Employee Benefits 5,083
Advertisting 3,797
Total Program Expenses: $732,058
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Governance

              

Chief Executive : Michael Mayse, Executive Director
Compensation*: 
$126,730

Chair of the Board: Lisa Saul
Chair's Profession / Business Affiliation: attorney

Board Size: 22

Paid Staff Size: 8

*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, print advertisements, grant proposals, internet
Fund raising costs were 16% of related contributions. (Related contributions, which totaled $892,431, 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 - combined for the fiscal year ended December 31, 2014.

Source of Funds  
Program Service Revenue 786,855
Contributions and Grants 105,576
Other Revenue 65,054
Investment Income 126
Total Income $957,611


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Uses of Funds as a % of Total Expenses

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

Total income $957,611
Program expenses $732,058
Fund raising expenses 146,414
Administrative expenses 97,607
Total expenses $976,079
Expenses in Excess of Income (18,468)
Beginning net assets 1,361,737
Ending net assets 1,544,412
Total liabilities 0
Total assets $0


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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.

This report is not to be used for fund raising or promotional purposes.

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