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

Donor confidence score

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating665 of 110275 of 122
Fund acquisition rating406 of 110340 of 122
Resource allocation rating665 of 110388 of 122
Asset utilization rating770 of 110283 of 122

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%1%1%26%8%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%0%0%2%2%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
88%18%30%8%27%21%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%0%0%2%2%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
12%82%70%92%73%79%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%78%82%83%87%88%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%86%66%90%99%74%
Program output ratio Program output ratio =
Program services /
Total revenue
75%67%54%75%86%65%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%14%34%10%1%26%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
6%14%60%24%1%62%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%22%17%14%11%12%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.840.720.750.800.930.61
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.762.694.535.5671.845.05
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.721.933.414.4666.503.06
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
16.9622.271.992.470.9738.85
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.060.040.500.401.030.03
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.275.931.751.60-0.013.82
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%14%35%62%65%66%
Debt ratio Debt ratio =
Debt /
Total assets
0%12%24%55%64%65%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
102%121%86%47%37%56%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$1,386,130$431,907$413,262$31,478$449,254
Receivables, inventories, prepaids$153,924$448,409$142,833$0$0
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$1,540,054$880,316$556,095$31,478$449,254
Long-term investments$0$0$0$0$0
Fixed assets$2,604,095$3,078,343$2,534,799$2,229,765$1,820,512
Other long-term assets$0$26,000$0$0$0
Total long-term assets$2,604,095$3,104,343$2,534,799$2,229,765$1,820,512
Total assets$4,144,149$3,984,659$3,090,894$2,261,243$2,269,766
 
Liabilities20222021202020192018
Payables and accrued expenses$69,152$441,781$224,716$32,558$11,563
Other current liabilities$0$0$0$0$0
Total current liabilities$69,152$441,781$224,716$32,558$11,563
Debt$490,468$959,747$1,695,467$1,445,204$1,485,533
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$490,468$959,747$1,695,467$1,445,204$1,485,533
Total liabilities$559,620$1,401,528$1,920,183$1,477,762$1,497,096
 
Net assets20222021202020192018
Without donor restrictions$3,584,529$2,583,131$1,170,711$783,481$772,670
With donor restrictions$0$0$0$0$0
Net assets$3,584,529$2,583,131$1,170,711$783,481$772,670
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$634,767$1,375,108$226,625$562,347$396,549
Program service revenue$2,735,434$2,571,532$2,467,788$1,415,664$1,278,173
Membership dues$0$0$0$0$0
Investment income$0$318,537$29$0$3,014
Other revenue$101,117$298,342$59,290$126,018$175,139
Total other revenue$2,836,551$3,188,411$2,527,107$1,541,682$1,456,326
Total revenue$3,471,318$4,563,519$2,753,732$2,104,029$1,852,875
 
Expenses20222021202020192018
Program services$2,311,687$2,473,259$2,063,826$1,815,740$1,208,020
Management and general$653,228$519,138$355,673$233,463$168,501
Fundraising$9,128$8,702$59,014$44,015$0
Total expenses$2,974,043$3,001,099$2,478,513$2,093,218$1,376,521
 
Change in net assets20222021202020192018
Surplus (deficit)$497,275$1,562,420$275,219$10,811$476,354
Other changes in net assets$0$0$0$0$0
Total change in net assets$497,275$1,562,420$275,219$10,811$476,354

Compensation

NameTitleCompensation
Jason DunnOperations O$89,999
Margaret DunnExecutive Di$89,257

Compensation data as of: 9/30/2022


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


History


Program accomplishments


Needs