Carriage Town Ministries 
The information on this page was last updated 6/5/2024. 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: Chris Townsend
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
Carriage Town Ministries (CTM) is a safe haven for those who are homeless. It is also a catalyst for individuals and families in Genesee County who want to navigate the pathway out of poverty. We provide basic needs - food, clothing, and shelter - along with a comprehensive Personal Success Program of mentoring and job readiness services for income stability and independent living.
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
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Rescue Missions/Homeless Shelters
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 309 of 1118 | 47 of 141 |
| Fund acquisition rating | | 471 of 1119 | 59 of 141 |
| Resource allocation rating | | 125 of 1119 | 18 of 141 |
| Asset utilization rating | | 671 of 1118 | 93 of 141 |
Financial ratios
| Funding ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 12% | 10% | 7% | 8% | 8% | 9% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 10% | 9% | 7% | 7% | 8% | 9% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 93% | 95% | 99% | 100% | 100% | 99% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 11% | 9% | 10% | 10% | 11% | 9% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 7% | 5% | 1% | 0% | 0% | 1% |
| Operating ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Program expense ratio Program expense ratio = Program services / Total expenses | 78% | 86% | 85% | 84% | 84% | 86% |
Spending ratio Spending ratio = Total expenses / Total revenue | 93% | 104% | 72% | 76% | 71% | 93% |
Program output ratio Program output ratio = Program services / Total revenue | 73% | 90% | 61% | 64% | 60% | 80% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 7% | -4% | 28% | 24% | 29% | 7% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 5% | -2% | 13% | 11% | 15% | 3% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 9% | 5% | 5% | 6% | 5% | 5% |
| Investing ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.53 | 0.37 | 0.32 | 0.33 | 0.35 | 0.41 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.85 | 2.07 | 2.03 | 2.16 | 2.33 | 3.43 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.74 | 0.77 | 0.65 | 0.72 | 0.82 | 1.40 |
| Liquidity ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Current ratio Current ratio = Total current assets / Total current liabilities | 11.95 | 24.44 | 64.08 | 70.22 | 68.49 | 47.03 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.08 | 0.04 | 0.02 | 0.01 | 0.01 | 0.02 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.06 | 14.96 | 18.20 | 16.49 | 14.40 | 8.38 |
| Solvency ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 9% | 2% | 1% | 1% | 3% | 1% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 154% | 263% | 310% | 299% | 274% | 243% |
Financials
| Balance sheet | |||||
| Assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Cash | $2,709,523 | $4,460,211 | $3,710,968 | $3,095,195 | $1,749,301 |
| Receivables, inventories, prepaids | $163,887 | $320,170 | $200,486 | $229,767 | $123,685 |
| Short-term investments | $1,819,700 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $4,693,110 | $4,780,381 | $3,911,454 | $3,324,962 | $1,872,986 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $4,932,763 | $4,832,179 | $4,459,684 | $4,335,097 | $4,475,948 |
| Other long-term assets | $76,159 | $70,615 | $87,548 | $80,261 | $76,938 |
| Total long-term assets | $5,008,922 | $4,902,794 | $4,547,232 | $4,415,358 | $4,552,886 |
| Total assets | $9,702,032 | $9,683,175 | $8,458,686 | $7,740,320 | $6,425,872 |
| Liabilities | 2023 | 2022 | 2021 | 2020 | 2019 |
| Payables and accrued expenses | $192,048 | $74,595 | $55,700 | $48,546 | $39,829 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $192,048 | $74,595 | $55,700 | $48,546 | $39,829 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $199,600 | $0 |
| Total long-term liabilities | $0 | $0 | $0 | $199,600 | $0 |
| Total liabilities | $192,048 | $74,595 | $55,700 | $248,146 | $39,829 |
| Net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Without donor restrictions | $9,145,808 | $9,001,653 | $7,577,342 | $6,797,329 | $6,155,206 |
| With donor restrictions | $364,176 | $606,927 | $825,644 | $694,845 | $230,837 |
| Net assets | $9,509,984 | $9,608,580 | $8,402,986 | $7,492,174 | $6,386,043 |
| Revenues and expenses | |||||
| Revenue | 2023 | 2022 | 2021 | 2020 | 2019 |
| Total contributions | $3,293,875 | $4,281,659 | $3,694,724 | $3,813,652 | $2,801,314 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $148,434 | $24,818 | $47 | $3,732 | $21,864 |
| Other revenue | $14,280 | $18,611 | $15,091 | $15,247 | $11,189 |
| Total other revenue | $162,714 | $43,429 | $15,138 | $18,979 | $33,053 |
| Total revenue | $3,456,589 | $4,325,088 | $3,709,862 | $3,832,631 | $2,834,367 |
| Expenses | 2023 | 2022 | 2021 | 2020 | 2019 |
| Program services | $3,109,475 | $2,635,132 | $2,369,675 | $2,287,905 | $2,256,308 |
| Management and general | $172,481 | $165,767 | $159,238 | $145,135 | $125,548 |
| Fundraising | $328,223 | $301,662 | $277,424 | $297,163 | $244,506 |
| Total expenses | $3,610,179 | $3,102,561 | $2,806,337 | $2,730,203 | $2,626,362 |
| Change in net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Surplus (deficit) | ($153,590) | $1,222,527 | $903,525 | $1,102,428 | $208,005 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($153,590) | $1,222,527 | $903,525 | $1,102,428 | $208,005 |
Compensation
| Name | Title | Compensation |
| Dallas Gatlin | Executive Di | $75,000 |
| Karen McGregor | Supervisor | $48,103 |
Compensation data as of: 12/31/2023
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 6/5/2024. 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.