House of Providence

The information on this page was last updated 3/13/2023. If you see errors or omissions, please email: [email protected]


Summary

House of Providence exists to equip our communities to serve our most vulnerable children and families with excellence - Until Every Child Has A Home.


Contact information

Mailing address:
House of Providence
PO Box 18
Oxford, MI 48371

Website: thehofp.org

Phone: 313-579-1825

Email: [email protected]


Organization details

EIN: 464320030

CEO/President: Margaret Dunn

Chairman: Dave Duda

Board size: 8

Founder: Jason & Maggie Dunn

Ruling year: 2014

Tax deductible: Yes

Fiscal year end: 09/30

Member of ECFA: Yes

Member of ECFA since: 2019


Purpose


Mission statement


Statement of faith

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating109 of 109414 of 111
Fund acquisition rating612 of 109751 of 111
Resource allocation rating118 of 109722 of 111
Asset utilization rating25 of 10943 of 111

Financial ratios

Funding ratiosSector median201920182016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%8%0%33%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
4%2%0%9%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
89%27%21%28%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%2%0%8%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
11%73%79%72%
 
Operating ratiosSector median201920182016
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%87%88%83%
Spending ratio Spending ratio =
Total expenses /
Total revenue
89%99%74%114%
Program output ratio Program output ratio =
Program services /
Total revenue
69%86%65%95%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
11%1%26%-14%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
14%1%62%-51%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%11%12%9%
 
Investing ratiosSector median201920182016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.800.930.610.91
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.0471.845.0511.71
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.7266.503.0610.68
 
Liquidity ratiosSector median201920182016
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.550.9738.856.31
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.091.030.030.16
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.95-0.013.820.95
 
Solvency ratiosSector median201920182016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
12%65%66%78%
Debt ratio Debt ratio =
Debt /
Total assets
1%64%65%77%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
103%37%56%24%

Financials

Balance sheet
 
Assets201920182016
Cash$31,478$449,254$91,319
Receivables, inventories, prepaids$0$0$0
Short-term investments$0$0$0
Other current assets$0$0$0
Total current assets$31,478$449,254$91,319
Long-term investments$0$0$0
Fixed assets$2,229,765$1,820,512$977,774
Other long-term assets$0$0$0
Total long-term assets$2,229,765$1,820,512$977,774
Total assets$2,261,243$2,269,766$1,069,093
 
Liabilities201920182016
Payables and accrued expenses$32,558$11,563$14,474
Other current liabilities$0$0$0
Total current liabilities$32,558$11,563$14,474
Debt$1,445,204$1,485,533$819,891
Due to (from) affiliates$0$0$0
Other long-term liabilities$0$0$0
Total long-term liabilities$1,445,204$1,485,533$819,891
Total liabilities$1,477,762$1,497,096$834,365
 
Net assets201920182016
Without donor restrictions$783,481$772,670$234,728
With donor restrictions$0$0$0
Net assets$783,481$772,670$234,728
 
Revenues and expenses
 
Revenue201920182016
Total contributions$562,347$396,549$238,963
Program service revenue$1,415,664$1,278,173$617,082
Membership dues$0$0$0
Investment income$0$3,014$0
Other revenue$126,018$175,139$0
Total other revenue$1,541,682$1,456,326$617,082
Total revenue$2,104,029$1,852,875$856,045
 
Expenses201920182016
Program services$1,815,740$1,208,020$809,143
Management and general$233,463$168,501$88,225
Fundraising$44,015$0$77,826
Total expenses$2,093,218$1,376,521$975,194
 
Change in net assets201920182016
Surplus (deficit)$10,811$476,354($119,149)
Other changes in net assets$0$0$0
Total change in net assets$10,811$476,354($119,149)

Compensation

Compensation data for this ministry has not been collected.


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 3/13/2023. To update the information below, please email: [email protected]


History


Program accomplishments


Needs