Market Street Mission 
The information on this page was last updated 3/15/2024. If you see errors or omissions, please email: [email protected]
Summary
The Market Street Mission ministers to the homeless, helpless and hopeless in Northern NJ through a structured recovery program. Many of the men, women and children who come here need immediate care, like food, a bed or a new pair of shoes. We offer them help for today with hot meals and stays in our shelter, as well as clothing, showers and other critical needs to help them get back on their feet. Our hearts break for the many men who are struggling with an addiction, chronic homelessness, unemployment and mental illness. We offer them help for tomorrow with our Life Change Program, our 8-12 month residential treatment program that's designed to offer a "hand up" rather than a "hand out." Through the healing they experience in classes, counseling, work therapy and Bible study, they can return to independent, stable lives as victors in Christ over their struggles.
Contact information
Mailing address:
Market Street Mission
9 Market St
Morristown, NJ 07960
Website: www.marketstreet.org
Phone: 973-538-0431
Email: [email protected]
Organization details
EIN: 226047486
CEO/President: G. David Scott
Chairman: Albert W. Rice
Board size: 13
Founder: Louisa Graves Owen
Ruling year: 1951
Tax deductible: Yes
Fiscal year end: 09/30
Member of ECFA: Yes
Member of ECFA since: 1987
Purpose
The Market Street Mission cares for immediate needs today and long-term needs for a stable, independent tomorrow. Our vision is to empower hurting people to rebuild their lives through the power of Jesus Christ. With His love guiding them, and with a strong community of believers surrounding them, we believe they will claim victory over their struggles.
Mission statement
Our mission at Market Street is to surround our homeless, hungry and those struggling with addiction with God's love and everything they need to get back on their feet - food and shelter, counseling and job training, spiritual guidance and Bible study - to live stable, productive lives in our community.
Statement of faith
Donor confidence score
This organization does not file a Form 990.
Show donor confidence score detailsTransparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Rescue Missions/Homeless Shelters
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 1010 of 1118 | 128 of 141 |
| Fund acquisition rating | | 1055 of 1119 | 138 of 141 |
| Resource allocation rating | | 1076 of 1119 | 135 of 141 |
| Asset utilization rating | | 515 of 1118 | 65 of 141 |
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 | 2017 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 12% | 36% | 35% | 35% | 34% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 10% | 28% | 27% | 27% | 26% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 93% | 77% | 77% | 77% | 77% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 11% | 35% | 31% | 31% | 30% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 7% | 23% | 23% | 23% | 23% |
| Operating ratios | Sector median | 2020 | 2019 | 2018 | 2017 |
Program expense ratio Program expense ratio = Program services / Total expenses | 78% | 59% | 61% | 62% | 61% |
Spending ratio Spending ratio = Total expenses / Total revenue | 93% | 80% | 86% | 88% | 85% |
Program output ratio Program output ratio = Program services / Total revenue | 73% | 47% | 53% | 55% | 52% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 7% | 20% | 14% | 12% | 15% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 5% | 13% | 8% | 7% | 8% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 9% | 7% | 8% | 7% | 9% |
| Investing ratios | Sector median | 2020 | 2019 | 2018 | 2017 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.53 | 0.52 | 0.52 | 0.52 | 0.48 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.85 | 1.35 | 1.41 | 1.42 | 1.49 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.74 | 0.70 | 0.74 | 0.74 | 0.72 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 | 2017 |
Current ratio Current ratio = Total current assets / Total current liabilities | 11.95 | 38.42 | 33.74 | 32.64 | 40.99 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.08 | 0.03 | 0.03 | 0.03 | 0.02 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.06 | 16.66 | 15.74 | 15.64 | 16.36 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 | 2017 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 9% | 2% | 2% | 2% | 2% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 154% | 188% | 187% | 187% | 205% |
Financials
| Balance sheet | ||||
| Assets | 2020 | 2019 | 2018 | 2017 |
| Cash | $1,143,496 | $965,043 | $1,175,059 | $1,045,839 |
| Receivables, inventories, prepaids | $1,049,841 | $557,234 | $462,302 | $438,242 |
| Short-term investments | $8,839,099 | $7,656,483 | $6,703,489 | $5,881,144 |
| Other current assets | $25,000 | $25,000 | $25,000 | $25,000 |
| Total current assets | $11,057,436 | $9,203,760 | $8,365,850 | $7,390,225 |
| Long-term investments | $0 | $0 | $0 | $0 |
| Fixed assets | $3,816,837 | $3,776,553 | $3,524,856 | $3,612,766 |
| Other long-term assets | $0 | $0 | $0 | $0 |
| Total long-term assets | $3,816,837 | $3,776,553 | $3,524,856 | $3,612,766 |
| Total assets | $14,874,273 | $12,980,313 | $11,890,706 | $11,002,991 |
| Liabilities | 2020 | 2019 | 2018 | 2017 |
| Payables and accrued expenses | $287,793 | $272,818 | $256,323 | $180,307 |
| Other current liabilities | $0 | $0 | $0 | $0 |
| Total current liabilities | $287,793 | $272,818 | $256,323 | $180,307 |
| Debt | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $0 | $0 | $0 | $0 |
| Total liabilities | $287,793 | $272,818 | $256,323 | $180,307 |
| Net assets | 2020 | 2019 | 2018 | 2017 |
| Without donor restrictions | $14,410,030 | $12,573,279 | $11,492,611 | $10,645,596 |
| With donor restrictions | $176,450 | $134,216 | $141,772 | $177,088 |
| Net assets | $14,586,480 | $12,707,495 | $11,634,383 | $10,822,684 |
| Revenues and expenses | ||||
| Revenue | 2020 | 2019 | 2018 | 2017 |
| Total contributions | $7,458,992 | $6,058,725 | $5,413,375 | $4,767,436 |
| Program service revenue | $1,253,297 | $1,505,805 | $1,200,220 | $1,108,530 |
| Membership dues | $0 | $0 | $0 | $0 |
| Investment income | $753,808 | $125,832 | $286,206 | $264,484 |
| Other revenue | $168,586 | $190,907 | $133,554 | $58,656 |
| Total other revenue | $2,175,691 | $1,822,544 | $1,619,980 | $1,431,670 |
| Total revenue | $9,634,683 | $7,881,269 | $7,033,355 | $6,199,106 |
| Expenses | 2020 | 2019 | 2018 | 2017 |
| Program services | $4,554,857 | $4,181,870 | $3,884,722 | $3,223,037 |
| Management and general | $504,863 | $535,411 | $438,941 | $461,651 |
| Fundraising | $2,695,978 | $2,090,876 | $1,897,993 | $1,604,817 |
| Total expenses | $7,755,698 | $6,808,157 | $6,221,656 | $5,289,505 |
| Change in net assets | 2020 | 2019 | 2018 | 2017 |
| Surplus (deficit) | $1,878,985 | $1,073,112 | $811,699 | $909,601 |
| Other changes in net assets | $0 | $0 | $0 | $0 |
| Total change in net assets | $1,878,985 | $1,073,112 | $811,699 | $909,601 |
Compensation
Compensation data for this ministry has not been collected.
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 3/15/2024. To update the information below, please email: [email protected]
History
Since 1889, the Market Street Mission has been helping deliver people from actual or impending calamity by using the good news of Christ.
Mrs. Louisa Graves Owen, the wife of Rev. Dr. F.W. Owen, had been holding women's Bible study classes in her home. When she realized that almost all the husbands of the wives in her classes were alcoholics, she and her husband rented the building at 9 Market Street to set up a residential program for alcoholic men. At that time, Market Street was known as Rum Alley or Rum Lane because of all the bars and saloons on the street.
The Market Street Mission opened its doors at 9 Market Street on March 18, 1889. From the beginning, the Market Street Mission provided meals, lodging, clothing and temporary employment for homeless men. The South Street Presbyterian Church supported the organization of the Mission in an effort to reach people who were not regularly attending area churches.
On that first night George Redding, aged 61, became the Mission's first convert...
For the next five years until his death, he testified almost nightly that God had saved him from "rum, beer, cider, and opium."
In its early years the Mission held day and night meetings for men, women, and children.
These meetings were the central events of the Mission. But other programs included two ice water fountains, jail ministry, family visits, and children's activities.
In November of 1892, the Mission added a reading room which was open to all.
Beginning in 1897, men could come to the Market Street Mission to find temporary work at the wood yard. The Mission gave away little in the way of meals and lodgings; men worked for their room and board. If a man drank, he could be paid on orders to a local merchant so that his family could benefit from his earnings.
A Gospel Wagon (a two-horse truck), added in 1898, facilitated outdoor meetings which were held all over Morris County. Total attendance at meetings in 1898 was 31,820.
On February 2, 1898, a fire destroyed the Mission's rented quarters. They set up temporary quarters across the street, however, and did not miss one meeting. The Mission then built a new building on the original site, which was opened on November 21, 1898.
A Christ-centered message and hard work have always been central components of the Market Street Mission's recovery programs.
Another important aspect of our service to the community is to respond to the needs of the people. During 1926, a series of explosions at the Picatinny Arsenal left many families without shelter or clothing. The Market Street Mission helped provide shelter and care for those displaced after that disaster.
During the Great Depression, the Mission responded to the overwhelming needs of the people in and around Morristown by greatly expanding the services it provided.
The Industrial Department (now known as the Thrift Store) was added in the 1930's. Just as is the case today, household articles and clothing were picked up then sold in the Thrift Store. The operation was so successful that it became self-supporting within two months. It also provided much-needed jobs during a time of unprecedented unemployment.
The Mission officially ended its affiliation with the Presbyterian Church in 1933. In 1971, the George Street building, which now houses the Thrift Store, was opened to house the Industrial Department. During the 1970's, the Mission became home to the Morris County Social Detoxification Center for men and women, and also hosted a coffee house called One Way Coffee House where young people could come for food, coffee, and informal counseling on Friday and Saturday nights.
Over the years, the men in our program have gotten younger: the average age of a resident in 1965 was 55, 45 in 1975 and in the late 20's or early 30's today.
Our men's recovery program curriculum remained the same for almost 100 years. Over the last few decades, however, we have added new alcohol and drug treatment strategies to our residential recovery program. Today, our program targets whole life recovery, addressing the spiritual, physical and emotional needs of our guests. This holistic approach has led to greater long-term success for our graduates.
Over the years, we added a Career Education Center where men can learn computer skills in a professional atmosphere. Counseling offices were added to provide a confidential setting for sharing and growth, and classes were added where men can learn new life skills in a comfortable and structured setting. Our services continued to grow, and space became a premium.
In 1994, extensive renovations to the building at 9 Market Street were made. However, problems of space continued to compromise the Mission's programs.
In 2001, the Mission opened a new facility at 10 Bank Street to accommodate our expanding services. It now houses the Career Education Center, additional counseling offices, a recreation & exercise floor, a kitchen pantry facility, a shelter for transitional guests and the Mission's administrative offices.
In 2017 we renovated once again and opened an outpatient counseling center available to the community at large.
In 2021, the Mission expanded its ministry to a new Sussex County location, opening a 14-bed hospitality room with meals for homeless men in Newton.
Program accomplishments
At the Mission, we are prepared to offer:
105,000 Meals annually to the homeless and poor in Morris County
27,000 shelter nights to men at the emergency shelter and life change program
60 men in our Life Change recovery program
$473,000 value of good and vouchers to families in need in 2023