New Life Center / Fargo Union Mission

The information on this page was last updated 1/5/2023. 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: Robert Remark

Board size: 8

Founder:

Ruling year: 1943

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2022


Purpose

New Life Center is a Christ-centered rescue mission. We provide a path forward for those in need. Helping people find value, hope, and a life of truly thriving. We are so much more than a meal.


Mission statement

To foster meaningful relationships in a healthy Christ-centered community based on Respect, Encouragement, Accountability and Love. We provide a path forward for people who are homeless and hurting. Helping them discover value, find hope, and move from a life of merely surviving to truly thriving.


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

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating863 of 1022132 of 155
Fund acquisition rating705 of 1025118 of 155
Resource allocation rating733 of 1025104 of 155
Asset utilization rating735 of 1022123 of 155

Financial ratios

Funding ratiosSector median20202018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
9%14%12%2%1%2%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%12%12%2%1%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%90%97%95%91%92%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
10%11%17%3%2%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%10%3%5%9%8%
 
Operating ratiosSector median20202018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%76%73%92%93%92%
Spending ratio Spending ratio =
Total expenses /
Total revenue
85%107%67%61%75%73%
Program output ratio Program output ratio =
Program services /
Total revenue
67%81%49%56%70%67%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
15%-7%33%39%25%27%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
12%-4%24%34%22%29%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%13%10%5%5%6%
 
Investing ratiosSector median20202018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.530.460.360.480.650.73
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.927.744.632.342.592.91
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.623.581.651.131.692.12
 
Liquidity ratiosSector median20202018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
14.194.007.804.8211.065.94
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.250.130.210.090.17
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.102.526.368.456.454.71
 
Solvency ratiosSector median20202018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%28%27%9%3%6%
Debt ratio Debt ratio =
Debt /
Total assets
1%25%24%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
155%156%205%190%148%129%

Financials

Balance sheet
 
Assets20202018201720162015
Cash$622,977$823,305$844,405$780,683$530,043
Receivables, inventories, prepaids$88,494$447,095$684,209$79,927$86,521
Short-term investments$0$0$0$5,065$0
Other current assets$0$0$0$0$0
Total current assets$711,471$1,270,400$1,528,614$865,675$616,564
Long-term investments$0$0$0$0$0
Fixed assets$4,795,627$4,606,487$2,055,381$1,380,727$1,178,154
Other long-term assets$0$0$0$0$0
Total long-term assets$4,795,627$4,606,487$2,055,381$1,380,727$1,178,154
Total assets$5,507,098$5,876,887$3,583,995$2,246,402$1,794,718
 
Liabilities20202018201720162015
Payables and accrued expenses$152,768$162,847$317,459$78,288$103,781
Other current liabilities$25,120$0$0$0$0
Total current liabilities$177,888$162,847$317,459$78,288$103,781
Debt$1,359,782$1,428,981$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$1,359,782$1,428,981$0$0$0
Total liabilities$1,537,670$1,591,828$317,459$78,288$103,781
 
Net assets20202018201720162015
Without donor restrictions$3,944,734$3,914,142$2,638,202$2,005,087$1,690,125
With donor restrictions$24,694$370,917$628,334$163,027$812
Net assets$3,969,428$4,285,059$3,266,536$2,168,114$1,690,937
 
Revenues and expenses
 
Revenue20202018201720162015
Total contributions$2,130,581$3,015,978$2,689,378$1,776,596$1,644,822
Program service revenue$126,096$120,722$143,660$165,747$171,936
Membership dues$0$0$0$0$0
Investment income$3,638$965$1,431$486($6)
Other revenue$115,452($29,108)($15,745)$71($23,109)
Total other revenue$245,186$92,579$129,346$166,304$148,821
Total revenue$2,375,767$3,108,557$2,818,724$1,942,900$1,793,643
 
Expenses20202018201720162015
Program services$1,933,247$1,516,159$1,581,811$1,367,444$1,202,752
Management and general$319,653$214,285$86,789$72,557$77,461
Fundraising$292,244$359,590$51,702$25,722$26,637
Total expenses$2,545,144$2,090,034$1,720,302$1,465,723$1,306,850
 
Change in net assets20202018201720162015
Surplus (deficit)($169,377)$1,018,523$1,098,422$477,177$486,793
Other changes in net assets$0$0$0$0$0
Total change in net assets($169,377)$1,018,523$1,098,422$477,177$486,793

Compensation

NameTitleCompensation
Rob SwiersExecutive Director/Secretary$105,590

Compensation data as of: 12/31/2018


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 1/5/2023. To update the information below, please email: [email protected]


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