Carriage Town Ministries

The information on this page was last updated 2/7/2023. If you see errors or omissions, please email: [email protected]


Summary

CTM provides compassion to those with acute needs for housing and food and a longer term "get back on your feet" residential program with spiritual, educational, and work service training for those ready and willing to work toward productive lives.


Contact information

Mailing address:
Carriage Town Ministries
605 Garland St.
Flint, MI 48503

Website: www.carriagetown.org

Phone: (810) 233-8787

Email: [email protected]


Organization details

EIN: 381443378

CEO/President: Rev. Dr. Dallas Gatlin

Chairman: Sharon Fouts

Board size: 8

Founder:

Ruling year: 1967

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 1986


Purpose


Mission statement

Our mission is to provide help, hope and the Good News to our community through the skills and means of God's people and the transforming power of Christ's love.


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 rating384 of 110242 of 140
Fund acquisition rating292 of 110328 of 140
Resource allocation rating335 of 110335 of 140
Asset utilization rating745 of 1102103 of 140

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
12%7%8%8%9%10%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
10%7%7%8%9%10%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
93%99%100%100%99%99%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
11%10%10%11%9%12%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
7%1%0%0%1%1%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%85%84%84%86%83%
Spending ratio Spending ratio =
Total expenses /
Total revenue
89%72%76%71%93%84%
Program output ratio Program output ratio =
Program services /
Total revenue
70%61%64%60%80%70%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
11%28%24%29%7%16%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
7%13%11%15%3%8%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%5%6%5%5%5%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.320.330.350.410.41
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.672.032.162.333.433.20
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.670.650.720.821.401.31
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
12.7364.0870.2268.4947.0310.19
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.020.010.010.020.10
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.4618.2016.4914.408.388.26
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%1%1%3%1%3%
Debt ratio Debt ratio =
Debt /
Total assets
1%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
160%310%299%274%243%237%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$4,460,211$3,710,968$3,095,195$1,749,301$1,846,205
Receivables, inventories, prepaids$320,170$200,486$229,767$123,685$139,674
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$4,780,381$3,911,454$3,324,962$1,872,986$1,985,879
Long-term investments$0$0$0$0$0
Fixed assets$4,832,179$4,459,684$4,335,097$4,475,948$4,310,023
Other long-term assets$70,615$87,548$80,261$76,938$68,235
Total long-term assets$4,902,794$4,547,232$4,415,358$4,552,886$4,378,258
Total assets$9,683,175$8,458,686$7,740,320$6,425,872$6,364,137
 
Liabilities20222021202020192018
Payables and accrued expenses$74,595$55,700$48,546$39,829$194,802
Other current liabilities$0$0$0$0$0
Total current liabilities$74,595$55,700$48,546$39,829$194,802
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$199,600$0$0
Total long-term liabilities$0$0$199,600$0$0
Total liabilities$74,595$55,700$248,146$39,829$194,802
 
Net assets20222021202020192018
Without donor restrictions$9,001,653$7,577,342$6,797,329$6,155,206$5,838,773
With donor restrictions$606,927$825,644$694,845$230,837$330,562
Net assets$9,608,580$8,402,986$7,492,174$6,386,043$6,169,335
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$4,281,659$3,694,724$3,813,652$2,801,314$3,062,938
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$24,818$47$3,732$21,864$16,338
Other revenue$18,611$15,091$15,247$11,189$4,812
Total other revenue$43,429$15,138$18,979$33,053$21,150
Total revenue$4,325,088$3,709,862$3,832,631$2,834,367$3,084,088
 
Expenses20222021202020192018
Program services$2,635,132$2,369,675$2,287,905$2,256,308$2,153,886
Management and general$165,767$159,238$145,135$125,548$142,778
Fundraising$301,662$277,424$297,163$244,506$304,114
Total expenses$3,102,561$2,806,337$2,730,203$2,626,362$2,600,778
 
Change in net assets20222021202020192018
Surplus (deficit)$1,222,527$903,525$1,102,428$208,005$483,310
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,222,527$903,525$1,102,428$208,005$483,310

Compensation

NameTitleCompensation
Dallas GatlinExecutive Di$75,000

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 2/7/2023. To update the information below, please email: [email protected]


History

We began in 1950 as the Flint Rescue Mission on the banks of the Flint River at Grand Traverse Street. We've been led by Jon Schaich, Jerry Peaster, Bob Sweeney, Lois St. Clair and now Dr. Dallas Gatlin...Only 5 directors in 70 years! We've been supported throughout those years by faithful churches and individuals who recognize the calling of Matthew 25 to ministers to the hungry, the thirsty and the individuals in need of a place to stay.

Today we are a campus of learning and restoration in Flint's historic Carriage Town neighborhood. Visitors and residents find a haven of safety and acceptance, learning and responsibility, structure and productivity...A place to find a new birth, a sense of purpose for today and hope for tomorrow.


Program accomplishments

At Carriage Town Ministries we cook up three meals a day for up to 134 men, women and children. Our facility is now undergoing a kitchen renovation that will allow us to better serve the hungry and homeless, plus there will be added upgrades for Blueline Donuts! We are excited for the opportunity to better serve our community and residents.


Needs