New Life Center / Fargo Union Mission

The information on this page was last updated 4/24/2024. If you see errors or omissions, please email: [email protected]


Summary

Founded as the Glad Tidings Mission, New Life Center has evolved from an organization that primarily conducted religious services and neighborhood outreach work to a Christian, multi-faceted emergency and crisis service center.


Contact information

Mailing address:
New Life Center
PO Box 1067
Fargo, ND 58107

Website: fargonlc.org

Phone: 701-235-4453

Email: [email protected]


Organization details

EIN: 450228056

CEO/President: Rob Swiers

Chairman: Jason Loney

Board size: 10

Founder:

Ruling year: 1943

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2022


Purpose

To see those who look to New Life Center for help move from a life of merely surviving to truly thriving.


Mission statement

To serve people who are on the journey from homeless and hurting to whole and healthy by meeting basic needs and transforming lives through the love of Christ.


Statement of faith

We believe the Bible to be the inspired, the only infallible, ultimately authoritative Word of God.

We believe there is one God, eternally existing as Father, Son, and Holy Spirit.

We believe that the Lord Jesus Christ is Deity, that He was born of a virgin, that we are redeemed by His atoning death through His shed blood, that He bodily resurrected and ascended into heaven, and that He will come again in power and great glory.

We believe that individuals are saved through a direct, personal encounter with the risen Lord, at which time they are regenerated by the Holy Spirit.

We believe in the present ministry of the Holy Spirit, by whom Christ indwells each believer, enabling him or her to live a godly life of obedience as he or she reaches for maturity.

We believe the Holy Spirit unites all true believers in the Lord Jesus Christ and that together they form one body, the church.

Donor confidence score

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Transparency grade

A

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Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating560 of 111064 of 141
Fund acquisition rating346 of 111137 of 141
Resource allocation rating718 of 111180 of 141
Asset utilization rating617 of 111084 of 141

Financial ratios

Funding ratiosSector median20222021202020182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
12%8%11%14%12%2%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
10%7%11%12%12%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
93%93%94%90%97%95%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
11%9%15%11%17%3%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
7%7%6%10%3%5%
 
Operating ratiosSector median20222021202020182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
78%77%77%76%73%92%
Spending ratio Spending ratio =
Total expenses /
Total revenue
90%82%71%107%67%61%
Program output ratio Program output ratio =
Program services /
Total revenue
71%63%55%81%49%56%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
10%18%29%-7%33%39%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
6%14%24%-4%24%34%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%15%8%13%10%5%
 
Investing ratiosSector median20222021202020182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.540.490.460.360.48
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.866.765.147.744.632.34
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.693.642.533.581.651.13
 
Liquidity ratiosSector median20222021202020182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.673.406.744.007.804.82
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.290.150.250.130.21
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.452.334.042.526.368.45
 
Solvency ratiosSector median20222021202020182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%15%17%28%27%9%
Debt ratio Debt ratio =
Debt /
Total assets
0%11%14%25%24%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
157%158%169%156%205%190%

Financials

Balance sheet
 
Assets20222021202020182017
Cash$636,849$971,190$598,283$823,305$844,405
Receivables, inventories, prepaids$416,605$244,437$113,188$447,095$684,209
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$1,053,454$1,215,627$711,471$1,270,400$1,528,614
Long-term investments$0$0$0$0$0
Fixed assets$6,067,614$5,032,841$4,795,627$4,606,487$2,055,381
Other long-term assets$0$0$0$0$0
Total long-term assets$6,067,614$5,032,841$4,795,627$4,606,487$2,055,381
Total assets$7,121,068$6,248,468$5,507,098$5,876,887$3,583,995
 
Liabilities20222021202020182017
Payables and accrued expenses$289,894$149,754$152,768$162,847$317,459
Other current liabilities$19,947$30,680$25,120$0$0
Total current liabilities$309,841$180,434$177,888$162,847$317,459
Debt$754,013$871,571$1,359,782$1,428,981$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$754,013$871,571$1,359,782$1,428,981$0
Total liabilities$1,063,854$1,052,005$1,537,670$1,591,828$317,459
 
Net assets20222021202020182017
Without donor restrictions$5,956,193$4,808,895$3,944,734$3,914,142$2,638,202
With donor restrictions$101,021$387,568$24,694$370,917$628,334
Net assets$6,057,214$5,196,463$3,969,428$4,285,059$3,266,536
 
Revenues and expenses
 
Revenue20222021202020182017
Total contributions$4,365,101$4,054,020$2,130,581$3,015,978$2,689,378
Program service revenue$127,324$124,695$126,096$120,722$143,660
Membership dues$0$0$0$0$0
Investment income$19,515$7,594$3,638$965$1,431
Other revenue$184,733$113,317$115,452($29,108)($15,745)
Total other revenue$331,572$245,606$245,186$92,579$129,346
Total revenue$4,696,673$4,299,626$2,375,767$3,108,557$2,818,724
 
Expenses20222021202020182017
Program services$2,941,265$2,367,979$1,933,247$1,516,159$1,581,811
Management and general$562,732$248,387$319,653$214,285$86,789
Fundraising$331,925$456,225$292,244$359,590$51,702
Total expenses$3,835,922$3,072,591$2,545,144$2,090,034$1,720,302
 
Change in net assets20222021202020182017
Surplus (deficit)$860,751$1,227,035($169,377)$1,018,523$1,098,422
Other changes in net assets$0$0$0$0$0
Total change in net assets$860,751$1,227,035($169,377)$1,018,523$1,098,422

Compensation

NameTitleCompensation
Rob SwiersExecutive Director/Secretary$121,717

Compensation data as of: 6/30/2022


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 4/24/2024. To update the information below, please email: [email protected]


History


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