Denton Freedom House

The information on this page was last updated 6/15/2023. If you see errors or omissions, please email: [email protected]


Summary

To liberate broken men of their bondage of sin and addiction by the transforming power of the gospel of Jesus Christ, and to equip them to become prosperous disciples of Christ with kingdom vision, purpose, and direction.


Contact information

Mailing address:
Denton Freedom House
PO Box 51166
Denton, TX 76206

Website: dentonfreedomhouse.org

Phone: (940) 565-1111

Email: [email protected]


Organization details

EIN: 030540364

CEO/President: Alton D. Schmidt

Chairman: Jeremy Adams

Board size: 7

Founder: Jeremy & Karen Adams

Ruling year: 2005

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2017


Purpose

To liberate broken men of their bondage of sin and addiction by the transforming power of the gospel of Jesus Christ, and to equip them to become prosperous disciples of Christ with kingdom vision, purpose, and direction


Mission statement

Liberate the broken from their bondage of sin & addiction.

Through the transforming power of the Gospel of Jesus Christ

Equip them to become prosperous disciples of Christ with Kingdom vision, purpose & direction


Statement of faith

God exists eternally in three persons: the Father, the Son, and the Holy Spirit. They are distinct in person, yet of the same substance, one God. This is a divine mystery. The Son proceeds (not in chronology, but in the communication of essence) from the Father and the Holy Spirit proceeds from the Son. They are coequal and coeternal, living in perfect submission and in perfect love. They typify the ultimate expression of diversity amidst unity and mutual subordination (Gen. 1:1; John 10:30; John 4:24, Deut. 6:4; Matt. 28:19; 2 Cor. 13:14).

Man was originally created in the image and likeness of God. He retains that image, although it has been marred by the fall (Gen. 1:27).

The eternal Son of God became incarnate in the Lord Jesus Christ, being born of the virgin Mary, and is true God and true man. He died physically on the cross, was bodily resurrected three days later, and thereafter bodily ascended to heaven. (John 1:1, 14, 18; 5:18; Heb. 1:1-9; 5:8, 1 John 5:20; 1 Tim. 2:5; 1 Cor. 15:1-5)

The Holy Spirit is the third person of the Godhead. He is the Spirit of God, the Spirit of Christ, the Spirit of Truth, and the Spirit of Holiness. He regenerates, indwells, baptizes, seals, and empowers believers that are in Christ Jesus. He illumines the Word of God, encourages and comforts the saints, and convinces and convicts of sin and righteousness. In these last days, He has been poured out on all flesh, empowering His sons and His daughters to bear witness of Jesus Christ and the gospel. He is the source of true spirituality, true spiritual fruit, and all the spiritual gifts that have been appointed for the church (Matt. 28:19, 3:16; Rom. 8:9; John 16:13; Rom. 1:4; Tit. 3:5-6; 1 Cor. 3:16, 12:13; Eph. 1:13; John 14:16-17; John 16:8; Acts 2:17; Gal. 5:22; Rom. 12:4).

Salvation is received by grace through faith alone in Christ. The only means to salvation is belief in Christ's substitutionary death and resurrection, which satisfied the wrath of God against the sin of the individual. There is an eternal state of punishment for the unsaved and an eternal state of blessing for the saved. (Acts 4:12; 13:38-39; 16:31; 1 Cor. 15:1-4; Rom. 4:4-5; 8:28-29; 5:1; John 3:16; Eph. 2:8-9)

Donor confidence score

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Transparency grade

A

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Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating475 of 110460 of 122
Fund acquisition rating942 of 110595 of 122
Resource allocation rating455 of 110571 of 122
Asset utilization rating122 of 110415 of 122

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%12%9%6%15%14%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%10%7%5%11%10%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%78%78%87%72%71%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%9%8%6%12%11%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%22%22%13%28%29%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%81%82%86%75%77%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%105%94%92%95%96%
Program output ratio Program output ratio =
Program services /
Total revenue
75%84%76%79%72%74%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%-5%6%8%5%4%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
5%-10%14%20%8%6%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%10%11%9%13%12%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.841.771.912.151.501.43
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.742.661.992.513.084.39
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.724.703.805.424.626.29
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
14.0710.6815.6599.85116.3285.61
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.090.060.010.010.01
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.272.312.962.192.581.89
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%26%3%0%0%0%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
101%42%51%46%67%70%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$579,365$625,703$422,536$275,998$173,099
Receivables, inventories, prepaids$23,187$48,883$22,784$15,392$15,334
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$602,552$674,586$445,320$291,390$188,433
Long-term investments$0$0$0$0$0
Fixed assets$629,146$665,454$673,922$602,936$639,338
Other long-term assets$370,463$4,250$174$3,941$0
Total long-term assets$999,609$669,704$674,096$606,877$639,338
Total assets$1,602,161$1,344,290$1,119,416$898,267$827,771
 
Liabilities20222021202020192018
Payables and accrued expenses$38,604$26,751$2,006$2,505$2,201
Other current liabilities$17,790$16,358$2,454$0$0
Total current liabilities$56,394$43,109$4,460$2,505$2,201
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$367,331$0$0$0$0
Total long-term liabilities$367,331$0$0$0$0
Total liabilities$423,725$43,109$4,460$2,505$2,201
 
Net assets20222021202020192018
Without donor restrictions$1,178,436$1,301,181$1,114,956$890,710$801,040
With donor restrictions$0$0$0$5,052$24,530
Net assets$1,178,436$1,301,181$1,114,956$895,762$825,570
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$2,100,394$2,124,680$2,279,570$1,012,860$878,810
Program service revenue$204,223$269,706$0$0$0
Membership dues$0$0$0$0$0
Investment income$1,427$18,616$1,013$511$413
Other revenue$403,267$325,390$350,634$402,587$351,796
Total other revenue$608,917$613,712$351,647$403,098$352,209
Total revenue$2,709,311$2,738,392$2,631,217$1,415,958$1,231,019
 
Expenses20222021202020192018
Program services$2,287,383$2,087,946$2,067,393$1,015,550$909,701
Management and general$282,450$281,451$205,636$174,997$147,737
Fundraising$262,223$192,275$138,994$155,219$126,894
Total expenses$2,832,056$2,561,672$2,412,023$1,345,766$1,184,332
 
Change in net assets20222021202020192018
Surplus (deficit)($122,745)$176,720$219,194$70,192$46,687
Other changes in net assets$0$0$0$0$0
Total change in net assets($122,745)$176,720$219,194$70,192$46,687

Compensation

NameTitleCompensation
Jeremy AdamsDirector$72,000
Alton SchmidtCEO/Director$45,475
Ken WillinghamCFO/Director$32,004
Staci SchmidtSecretary/Director$4,800

Compensation data as of: 12/31/2022


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 6/15/2023. To update the information below, please email: [email protected]


History

Denton Freedom House was founded in the family home of Jeremy and Karen Adams. Their passion for the lost was birthed out of their own story of redemption and the compassion they felt for those who are rejected, hopeless, and written off by society. DFH began by taking in one man back in 2004, and has grown into a ministry with a main campus, multi-phase men's homes, two women's homes, freedom food pantry, two coffee shops and an event center. We welcome men and women from all over the nation and serve an international clientele. We have a growing staff and over 100 volunteers. In addition, our donors and prayer warriors help us offer services at no cost and grow the Kingdom of God. The Gospel of Jesus Christ is at the center of all we do. Thanks to all who take part!


Program accomplishments


Needs