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
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Community Development
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 473 of 1104 | 60 of 122 |
| Fund acquisition rating | | 940 of 1105 | 94 of 122 |
| Resource allocation rating | | 456 of 1105 | 71 of 122 |
| Asset utilization rating | | 124 of 1104 | 15 of 122 |
Financial ratios
| Funding ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
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 ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
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 | 4% | -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 ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.84 | 1.77 | 1.91 | 2.15 | 1.50 | 1.43 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.76 | 2.66 | 1.99 | 2.51 | 3.08 | 4.39 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.77 | 4.70 | 3.80 | 5.42 | 4.62 | 6.29 |
| Liquidity ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 13.67 | 10.68 | 15.65 | 99.85 | 116.32 | 85.61 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.09 | 0.06 | 0.01 | 0.01 | 0.01 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.08 | 2.31 | 2.96 | 2.19 | 2.58 | 1.89 |
| Solvency ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
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 | |||||
| Assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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 |
| Liabilities | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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 assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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 | |||||
| Revenue | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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 |
| Expenses | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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 assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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
| Name | Title | Compensation |
| Jeremy Adams | Director | $72,000 |
| Alton Schmidt | CEO/Director | $45,475 |
| Ken Willingham | CFO/Director | $32,004 |
| Staci Schmidt | Secretary/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!