Bridgeport Rescue Mission

The information on this page was last updated 2/6/2023. If you see errors or omissions, please email: [email protected]


Summary

Bridgeport Rescue Mission demonstrates the love of God to hungry, homeless, and addicted people in Coastal Connecticut, 24 hours a day, 365 days a year. Bridgeport Rescue Mission is incorporated in Connecticut as a non-profit corporation. We are governed by an independent board of directors.


Contact information

Mailing address:
Bridgeport Rescue Mission
PO Box 9057
Bridgeport, CT 06601-9057

Website: bridgeportrescuemission.org

Phone: 203-333-4087

Email: [email protected]


Organization details

EIN: 061362705

CEO/President: Larry Fullerton

Chairman: Edward Morgan

Board size: 11

Founder: Jim and Tammy Watson

Ruling year: 1994

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2011


Purpose

To excel in providing food, shelter, clothing, education, job training and counseling to neighbors in need. The Mission exists to change lives! Through God's grace and the generosity of our donors, we provide nourishing meals, safe and clean shelter, addiction recovery programs, as well as clothing, groceries, and job-skills training, to those grappling with real-life challenges. For me, one of the most precious things is to see people who are desperate begin to transform, to dream again.

At the Mission, our team works to empower those who are suffering and marginalized by participating in the transforming work God is doing in our midst. The needs in Coastal Connecticut are only growing, and the Mission is determined to fight poverty from the inside out in the days to come.


Mission statement

To fight poverty from the inside out by embracing people with the compassion of Christ, offering hope and healing for a changed life.


Statement of faith

Donor confidence score

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating797 of 110497 of 140
Fund acquisition rating882 of 1105120 of 140
Resource allocation rating908 of 1105106 of 140
Asset utilization rating293 of 110431 of 140

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%19%14%10%13%19%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
10%18%13%10%13%19%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
93%96%95%100%100%101%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
11%15%15%17%18%20%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
7%4%5%0%0%-1%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%74%76%73%71%69%
Spending ratio Spending ratio =
Total expenses /
Total revenue
89%119%87%62%70%95%
Program output ratio Program output ratio =
Program services /
Total revenue
70%88%66%45%49%65%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
11%-19%13%38%30%5%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
7%-17%13%45%56%12%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%11%8%10%11%11%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.680.590.520.872.04
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.718.105.234.642.642.84
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.685.543.092.432.295.79
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.9110.2111.382.239.115.43
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.100.090.450.110.18
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.461.953.552.714.671.69
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%34%28%29%32%16%
Debt ratio Debt ratio =
Debt /
Total assets
1%27%25%19%28%9%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
160%97%121%136%78%41%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$379,819$896,234$629,282$1,043,903$686,231
Receivables, inventories, prepaids$1,239,015$1,825,342$2,035,163$1,654,611$203,803
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$1,618,834$2,721,576$2,664,445$2,698,514$890,034
Long-term investments$0$0$0$0$0
Fixed assets$1,146,096$1,106,703$9,502,453$4,228,004$1,433,504
Other long-term assets$10,350,974$10,402,532$195,726$198,719$200,218
Total long-term assets$11,497,070$11,509,235$9,698,179$4,426,723$1,633,722
Total assets$13,115,904$14,230,811$12,362,624$7,125,237$2,523,756
 
Liabilities20222021202020192018
Payables and accrued expenses$158,515$239,127$1,197,492$296,261$163,778
Other current liabilities$0$0$0$0$0
Total current liabilities$158,515$239,127$1,197,492$296,261$163,778
Debt$3,601,920$3,547,660$2,332,160$1,999,360$229,360
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$692,353$268,525$0$0$0
Total long-term liabilities$4,294,273$3,816,185$2,332,160$1,999,360$229,360
Total liabilities$4,452,788$4,055,312$3,529,652$2,295,621$393,138
 
Net assets20222021202020192018
Without donor restrictions$8,007,520$8,453,207$2,770,042$1,954,573$1,790,618
With donor restrictions$655,596$1,722,292$6,062,930$2,875,043$340,000
Net assets$8,663,116$10,175,499$8,832,972$4,829,616$2,130,618
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$7,209,915$9,251,480$10,497,100$8,876,477$5,449,584
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$101,560$383,433$2,175$5,169($4,523)
Other revenue$195,686$57,919($6,204)($4,354)($26,884)
Total other revenue$297,246$441,352($4,029)$815($31,407)
Total revenue$7,507,161$9,692,832$10,493,071$8,877,292$5,418,177
 
Expenses20222021202020192018
Program services$6,630,527$6,414,086$4,724,221$4,369,253$3,541,787
Management and general$987,324$691,563$667,169$676,964$557,814
Fundraising$1,350,136$1,295,528$1,095,332$1,130,578$1,056,304
Total expenses$8,967,987$8,401,177$6,486,722$6,176,795$5,155,905
 
Change in net assets20222021202020192018
Surplus (deficit)($1,460,826)$1,291,655$4,006,349$2,700,497$262,272
Other changes in net assets$0$0$0$0$0
Total change in net assets($1,460,826)$1,291,655$4,006,349$2,700,497$262,272

Compensation

NameTitleCompensation
Michael CobbDirector of Operations$141,202
Frank WilliamsFormer CEO$140,996
Bea JaramilloChief Financial Officer (part year)$138,093
Kim FawcettCRO$136,176
Jean CorreaDirector of Finance$87,718
Daniel RogersChief Executive Officer (part year)$26,054

Compensation data as of: 6/30/2022


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 2/6/2023. To update the information below, please email: [email protected]


History

1993 - Jim and Tammy Watson establish Bridgeport Rescue Mission. They cook meals in local church kitchens and distribute them from the back of their station wagon. Jim tells the people about God's love and transforming power while Tammy sings gospel songs along with a karaoke machine.

1996 - The Mission converts an old RV into a Mobile Kitchen. Staff and volunteers distribute food and offer prayer to hungry men, women, and children. Later that year, the Mission acquires the Fanny Crosby Memorial Home on Fairfield Avenue and relocates its men's shelter there.

1997 - The Mission establishes an addiction recovery program for women.

1999 - Rev. Mickey Kalman becomes Executive Director, creating physical fitness programs, adult education, and 12-step support programs for men and women wanting to be free of addictions.

2002 - Rev. Terry Wilcox becomes Executive Director. He and his staff develop recovery services into the New Life Program.

2007 - The Mission purchases and renovates a three-story Victorian house on Barnum Avenue to open a shelter for homeless women. (Today this is the Women's Center for those in the New Life Program.)

2008 - The Mission distributes 81 turkeys from their Main Campus during the holiday season. As the recession of 2008 bears down on the working poor and homeless, the Mission works to meet alarming increases in need, while also ensuring income levels meet the needs.

2011 - The Board of Directors approves a strategic plan that includes expanding services to South Norwalk, where there are significant unmet needs, especially among children. Mobile Kitchens begin delivering meals to impoverished neighborhoods. Grace Baptist Church helps distribute coats, turkeys, and Pantry Bags.

2013 - The Mission expands and enhances programs to meet the needs of single mothers. The Mission acquires Bethel Recovery Center, today known as the Guest House for Women and Children, to provide emergency shelter, food, and clothing to vulnerable community members. Due to increased needs, the Mission provides turkeys, fixings, and coats to more than 3,000 families, and names this outreach Great ThanksGiving Project.

2017 - The Mission launches Supportive Housing Programs for men and women, providing graduates of the New Life Program transitional housing, case management, and in-house apprenticeships to ease the transition into independent living.

2019 - The Mission, with the generous donations of partners, purchase the nursing home at 725 Park Avenue, to be poised to meet the expanding needs in Coastal Connecticut.

2020 - Pantry services move to Park Avenue, while building renovations continue on upper floors so that more Mission programs and essential Human Services may be housed under one roof.

2021 - The expanded Community Pantry opens in the Summer, providing the Mission's community guests with more of a variety of nutritious food selections for their families.

2022 - For the first time in the missions history, both men & women programs are under one roof for program and services.
The Resource Center is opened for multitude of on-site resources and services.
Medical care is extended through Sage Healthcare's partnership.
The Workforce Development Program is launched.


Program accomplishments

655,626 meals provided annually

40,880 nights of safe housing annually

91 people in recovery programs annually


Needs