Cherry Street Mission Ministries

The information on this page was last updated 3/14/2023. 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: Yes

Member of ECFA since: 2004


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

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating489 of 109649 of 145
Fund acquisition rating360 of 109849 of 145
Resource allocation rating690 of 109878 of 145
Asset utilization rating494 of 109657 of 145

Financial ratios

Funding ratiosSector median20212020201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%8%6%7%8%12%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
9%8%6%7%8%12%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%97%98%95%101%99%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
11%9%7%8%8%15%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%3%2%5%-1%1%
 
Operating ratiosSector median20212020201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%78%73%67%75%69%
Spending ratio Spending ratio =
Total expenses /
Total revenue
87%86%86%90%105%78%
Program output ratio Program output ratio =
Program services /
Total revenue
69%67%63%60%79%54%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
13%14%14%10%-5%22%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
8%10%12%9%-5%27%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%14%20%25%18%16%
 
Investing ratiosSector median20212020201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.580.650.660.830.70
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.672.602.923.463.672.84
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.641.501.912.283.041.99
 
Liquidity ratiosSector median20212020201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
14.497.577.355.478.7611.07
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.130.140.180.110.09
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.476.955.424.303.495.48
 
Solvency ratiosSector median20212020201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
7%10%13%19%20%27%
Debt ratio Debt ratio =
Debt /
Total assets
0%5%9%14%16%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
163%156%132%122%97%104%

Financials

Balance sheet
 
Assets20212020201920182017
Cash$2,740,861$2,122,744$1,182,329$693,047$1,788,267
Receivables, inventories, prepaids$938,478$933,966$1,253,774$1,395,992$1,352,366
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$3,679,339$3,056,710$2,436,103$2,089,039$3,140,633
Long-term investments$209,422$283,001$150,943$164,945$325,845
Fixed assets$5,642,893$5,563,761$5,788,139$5,360,336$5,451,690
Other long-term assets$28,111$30,023$64,159$42,966$13,084
Total long-term assets$5,880,426$5,876,785$6,003,241$5,568,247$5,790,619
Total assets$9,559,765$8,933,495$8,439,344$7,657,286$8,931,252
 
Liabilities20212020201920182017
Payables and accrued expenses$486,355$415,966$445,622$238,446$283,597
Other current liabilities$0$0$0$0$0
Total current liabilities$486,355$415,966$445,622$238,446$283,597
Debt$452,269$779,800$1,191,849$1,257,901$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$2,139,217
Total long-term liabilities$452,269$779,800$1,191,849$1,257,901$2,139,217
Total liabilities$938,624$1,195,766$1,637,471$1,496,347$2,422,814
 
Net assets20212020201920182017
Without donor restrictions$7,156,020$6,429,608$5,726,942$4,926,803$5,418,562
With donor restrictions$1,465,121$1,308,121$1,074,931$1,234,136$1,089,876
Net assets$8,621,141$7,737,729$6,801,873$6,160,939$6,508,438
 
Revenues and expenses
 
Revenue20212020201920182017
Total contributions$6,184,738$6,632,073$5,883,478$6,081,186$7,957,994
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$2,867$5,336$36,253($98,144)$16,706
Other revenue$192,233$121,614$256,836$47,632$47,867
Total other revenue$195,100$126,950$293,089($50,512)$64,573
Total revenue$6,379,838$6,759,023$6,176,567$6,030,674$8,022,567
 
Expenses20212020201920182017
Program services$4,273,106$4,237,201$3,722,277$4,741,088$4,316,906
Management and general$753,632$1,195,198$1,400,994$1,116,570$974,367
Fundraising$485,500$410,035$430,420$501,214$961,375
Total expenses$5,512,238$5,842,434$5,553,691$6,358,872$6,252,648
 
Change in net assets20212020201920182017
Surplus (deficit)$867,600$916,589$622,876($328,198)$1,769,919
Other changes in net assets$0$0$0$0$0
Total change in net assets$867,600$916,589$622,876($328,198)$1,769,919

Compensation

NameTitleCompensation
Ann EbbertPresident/CEO$170,894

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 3/14/2023. 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