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 rating394 of 109145 of 144
Fund acquisition rating331 of 109437 of 144
Resource allocation rating320 of 109434 of 144
Asset utilization rating741 of 1091106 of 144

Financial ratios

Funding ratiosSector median20212020201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%8%8%9%10%11%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
9%7%8%9%10%11%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%100%100%99%99%99%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
11%10%11%9%12%13%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%0%0%1%1%1%
 
Operating ratiosSector median20212020201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%84%84%86%83%81%
Spending ratio Spending ratio =
Total expenses /
Total revenue
86%76%71%93%84%84%
Program output ratio Program output ratio =
Program services /
Total revenue
68%64%60%80%70%68%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
14%24%29%7%16%16%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
9%11%15%3%8%9%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%6%5%5%5%7%
 
Investing ratiosSector median20212020201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.330.350.410.410.45
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.612.162.333.433.203.07
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.620.720.821.401.311.37
 
Liquidity ratiosSector median20212020201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
14.1370.2268.4947.0310.1944.87
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.010.010.020.100.02
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.8516.4914.408.388.268.53
 
Solvency ratiosSector median20212020201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
7%1%3%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
167%299%274%243%237%222%

Financials

Balance sheet
 
Assets20212020201920182017
Cash$3,710,968$3,095,195$1,749,301$1,846,205$1,651,650
Receivables, inventories, prepaids$200,486$229,767$123,685$139,674$216,936
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$3,911,454$3,324,962$1,872,986$1,985,879$1,868,586
Long-term investments$0$0$0$0$0
Fixed assets$4,459,684$4,335,097$4,475,948$4,310,023$3,788,568
Other long-term assets$87,548$80,261$76,938$68,235$79,103
Total long-term assets$4,547,232$4,415,358$4,552,886$4,378,258$3,867,671
Total assets$8,458,686$7,740,320$6,425,872$6,364,137$5,736,257
 
Liabilities20212020201920182017
Payables and accrued expenses$55,700$48,546$39,829$194,802$41,644
Other current liabilities$0$0$0$0$0
Total current liabilities$55,700$48,546$39,829$194,802$41,644
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$199,600$0$0$0
Total long-term liabilities$0$199,600$0$0$0
Total liabilities$55,700$248,146$39,829$194,802$41,644
 
Net assets20212020201920182017
Without donor restrictions$7,577,342$6,797,329$6,155,206$5,838,773$5,106,558
With donor restrictions$825,644$694,845$230,837$330,562$588,055
Net assets$8,402,986$7,492,174$6,386,043$6,169,335$5,694,613
 
Revenues and expenses
 
Revenue20212020201920182017
Total contributions$3,694,724$3,813,652$2,801,314$3,062,938$3,046,409
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$47$3,732$21,864$16,338$13,009
Other revenue$15,091$15,247$11,189$4,812$9,157
Total other revenue$15,138$18,979$33,053$21,150$22,166
Total revenue$3,709,862$3,832,631$2,834,367$3,084,088$3,068,575
 
Expenses20212020201920182017
Program services$2,369,675$2,287,905$2,256,308$2,153,886$2,074,970
Management and general$159,238$145,135$125,548$142,778$170,801
Fundraising$277,424$297,163$244,506$304,114$322,955
Total expenses$2,806,337$2,730,203$2,626,362$2,600,778$2,568,726
 
Change in net assets20212020201920182017
Surplus (deficit)$903,525$1,102,428$208,005$483,310$499,849
Other changes in net assets$0$0$0$0$0
Total change in net assets$903,525$1,102,428$208,005$483,310$499,849

Compensation

NameTitleCompensation
Dallas GatlinExecutive Di$75,000

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 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