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 rating382 of 109753 of 142
Fund acquisition rating733 of 109988 of 142
Resource allocation rating535 of 109975 of 142
Asset utilization rating108 of 109718 of 142

Financial ratios

Funding ratiosSector median20212020201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%9%6%15%14%1%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%7%5%11%10%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%78%87%72%71%73%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%8%6%12%11%1%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%22%13%28%29%27%
 
Operating ratiosSector median20212020201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%82%86%75%77%93%
Spending ratio Spending ratio =
Total expenses /
Total revenue
92%94%92%95%96%94%
Program output ratio Program output ratio =
Program services /
Total revenue
74%76%79%72%74%87%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
8%6%8%5%4%6%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
10%14%20%8%6%8%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%11%9%13%12%7%
 
Investing ratiosSector median20212020201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.871.912.151.501.431.32
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.671.992.513.084.394.87
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.553.805.424.626.296.42
 
Liquidity ratiosSector median20212020201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
17.0315.6599.85116.3285.6132.15
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.060.060.010.010.010.03
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.962.962.192.581.891.81
 
Solvency ratiosSector median20212020201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%3%0%0%0%1%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
105%51%46%67%70%75%

Financials

Balance sheet
 
Assets20212020201920182017
Cash$625,703$422,536$275,998$173,099$146,770
Receivables, inventories, prepaids$48,883$22,784$15,392$15,334$13,741
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$674,586$445,320$291,390$188,433$160,511
Long-term investments$0$0$0$0$0
Fixed assets$665,454$673,922$602,936$639,338$614,893
Other long-term assets$4,250$174$3,941$0$6,765
Total long-term assets$669,704$674,096$606,877$639,338$621,658
Total assets$1,344,290$1,119,416$898,267$827,771$782,169
 
Liabilities20212020201920182017
Payables and accrued expenses$26,751$2,006$2,505$2,201$4,993
Other current liabilities$16,358$2,454$0$0$0
Total current liabilities$43,109$4,460$2,505$2,201$4,993
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$0$0$0$0
Total liabilities$43,109$4,460$2,505$2,201$4,993
 
Net assets20212020201920182017
Without donor restrictions$1,301,181$1,114,956$890,710$801,040$777,176
With donor restrictions$0$0$5,052$24,530$0
Net assets$1,301,181$1,114,956$895,762$825,570$777,176
 
Revenues and expenses
 
Revenue20212020201920182017
Total contributions$2,124,680$2,279,570$1,012,860$878,810$800,440
Program service revenue$269,706$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$18,616$1,013$511$413$183
Other revenue$325,390$350,634$402,587$351,796$290,949
Total other revenue$613,712$351,647$403,098$352,209$291,132
Total revenue$2,738,392$2,631,217$1,415,958$1,231,019$1,091,572
 
Expenses20212020201920182017
Program services$2,087,946$2,067,393$1,015,550$909,701$954,469
Management and general$281,451$205,636$174,997$147,737$69,231
Fundraising$192,275$138,994$155,219$126,894$6,449
Total expenses$2,561,672$2,412,023$1,345,766$1,184,332$1,030,149
 
Change in net assets20212020201920182017
Surplus (deficit)$176,720$219,194$70,192$46,687$61,423
Other changes in net assets$0$0$0$0$0
Total change in net assets$176,720$219,194$70,192$46,687$61,423

Compensation

NameTitleCompensation
Jeremy AdamsDirector$72,000
Alton SchmidtCEO/Director$70,150
Ken WillinghamCFO/Director$21,078
Staci SchmidtSecretary/Director$15,266

Compensation data as of: 12/31/2021


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