Cherry Street Mission Ministries

The information on this page was last updated 12/14/2023. If you see errors or omissions, please email: [email protected]


Summary

Since 1947, we have been serving people in need by cooking them meals, offering housing, and most importantly pointing them to the hope found in Jesus Christ.


Contact information

Mailing address:
Cherry Street Mission Ministries
1501 Monroe St.
Toledo, OH 43604

Website: cherrystreetmission.org

Phone: 419-214-3007

Email: [email protected]


Organization details

EIN: 341133369

CEO/President: Ann Ebbert

Chairman: Joshua Rochon

Board size: 14

Founder: Jessie and Bertha Fleck

Ruling year: 1950

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: No

Member of ECFA since:


Purpose

Cherry Street Mission Ministries envisions our full community, rooted in God's Grace, where all people are empowered with wholeness of spirit, soul, and body and able to live and participate as contributing members of society. We deliver the Gospel of Jesus Christ and its new life of freedom to men, women, and families and we are directed by the two Great Commandments: Jesus answered him, "The first of all the commandments is: 'Hear, O Israel, the Lord our God, the Lord is one. And you shall love the Lord your God with all your heart, and all your soul, with all your mind, and with all your strength.' This is the first commandment. And the second, like it, is this: "You shall love your neighbor as yourself.' There is no other commandment greater than these." (Mark 12: 29-31)


Mission statement

Cherry Street Mission Ministries is committed to delivering solutions that will reverse the cycle of poverty for people in our communities through purposeful discipleship and restoration of hope while releasing God's greatness.


Statement of faith

Donor confidence score

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Transparency grade

D

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating566 of 110460 of 140
Fund acquisition rating247 of 110519 of 140
Resource allocation rating941 of 1105117 of 140
Asset utilization rating494 of 110453 of 140

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%6%8%6%7%8%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
10%6%8%6%7%8%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
93%98%97%98%95%101%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
11%7%9%7%8%8%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
7%2%3%2%5%-1%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%70%78%73%67%75%
Spending ratio Spending ratio =
Total expenses /
Total revenue
89%82%86%86%90%105%
Program output ratio Program output ratio =
Program services /
Total revenue
70%58%67%63%60%79%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
11%18%14%14%10%-5%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
7%15%10%12%9%-5%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%23%14%20%25%18%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.590.580.650.660.83
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.712.972.602.923.463.67
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.681.761.501.912.283.04
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.915.067.577.355.478.76
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.200.130.140.180.11
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.465.476.955.424.303.49
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%11%10%13%19%20%
Debt ratio Debt ratio =
Debt /
Total assets
1%4%5%9%14%16%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
160%151%156%132%122%97%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$1,983,319$2,740,861$2,122,744$1,182,329$693,047
Receivables, inventories, prepaids$1,809,244$938,478$933,966$1,253,774$1,395,992
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$3,792,563$3,679,339$3,056,710$2,436,103$2,089,039
Long-term investments$213,257$209,422$283,001$150,943$164,945
Fixed assets$7,193,513$5,642,893$5,563,761$5,788,139$5,360,336
Other long-term assets$53,930$28,111$30,023$64,159$42,966
Total long-term assets$7,460,700$5,880,426$5,876,785$6,003,241$5,568,247
Total assets$11,253,263$9,559,765$8,933,495$8,439,344$7,657,286
 
Liabilities20222021202020192018
Payables and accrued expenses$749,863$486,355$415,966$445,622$238,446
Other current liabilities$0$0$0$0$0
Total current liabilities$749,863$486,355$415,966$445,622$238,446
Debt$445,862$452,269$779,800$1,191,849$1,257,901
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$445,862$452,269$779,800$1,191,849$1,257,901
Total liabilities$1,195,725$938,624$1,195,766$1,637,471$1,496,347
 
Net assets20222021202020192018
Without donor restrictions$8,608,623$7,156,020$6,429,608$5,726,942$4,926,803
With donor restrictions$1,448,915$1,465,121$1,308,121$1,074,931$1,234,136
Net assets$10,057,538$8,621,141$7,737,729$6,801,873$6,160,939
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$8,008,793$6,184,738$6,632,073$5,883,478$6,081,186
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$3,634$2,867$5,336$36,253($98,144)
Other revenue$150,246$192,233$121,614$256,836$47,632
Total other revenue$153,880$195,100$126,950$293,089($50,512)
Total revenue$8,162,673$6,379,838$6,759,023$6,176,567$6,030,674
 
Expenses20222021202020192018
Program services$4,699,067$4,273,106$4,237,201$3,722,277$4,741,088
Management and general$1,508,558$753,632$1,195,198$1,400,994$1,116,570
Fundraising$468,525$485,500$410,035$430,420$501,214
Total expenses$6,676,150$5,512,238$5,842,434$5,553,691$6,358,872
 
Change in net assets20222021202020192018
Surplus (deficit)$1,486,523$867,600$916,589$622,876($328,198)
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,486,523$867,600$916,589$622,876($328,198)

Compensation

NameTitleCompensation
Ann EbbertPresident/CEO$164,125

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 12/14/2023. To update the information below, please email: [email protected]


History

Humble Beginnings

Jessie and Bertha Fleck founded Cherry Street Mission Ministries in 1947, their calling was to provide people in need with sustenance for the body and nourishment for the soul. Named for its location on Cherry Street in Toledo, the mission provided meals, housing, and the proclamation of the Gospel of Jesus Christ for the poor and homeless.

A Wide Footprint

Cherry Street serves those living in poverty throughout our region. As the largest entity acting as a homeless shelter, Cherry Street has been here of the community for generations. Within those years, our focus has expanded beyond basic needs, like food and shelter; to plan development and a continuum of care. Similarly, our area of responsibility has expanded to include more rural counties and areas outside of the central city. Simply put, poverty occurs all across northwest Ohio and Southeast Michigan.


Program accomplishments


Needs