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 rating880 of 111289 of 121
Fund acquisition rating485 of 111444 of 121
Resource allocation rating915 of 1114101 of 121
Asset utilization rating833 of 111289 of 121

Financial ratios

Funding ratiosSector median20232022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%5%1%1%26%8%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%1%0%0%2%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%16%18%30%8%27%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%1%0%0%2%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%84%82%70%92%73%
 
Operating ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%72%78%82%83%87%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%83%86%66%90%99%
Program output ratio Program output ratio =
Program services /
Total revenue
78%60%67%54%75%86%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%17%14%34%10%1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%13%14%60%24%1%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%27%22%17%14%11%
 
Investing ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.820.620.720.750.800.93
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.772.562.694.535.5671.84
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.661.581.933.414.4666.50
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
15.2017.5122.271.992.470.97
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.060.060.040.500.401.03
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.447.165.931.751.60-0.01
 
Solvency ratiosSector median20232022202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%2%14%35%62%65%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%12%24%55%64%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
101%158%121%86%47%37%

Financials

Balance sheet
 
Assets20232022202120202019
Cash$1,428,596$1,386,130$431,907$413,262$31,478
Receivables, inventories, prepaids$212,547$153,924$448,409$142,833$0
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$1,641,143$1,540,054$880,316$556,095$31,478
Long-term investments$0$0$0$0$0
Fixed assets$2,553,345$2,604,095$3,078,343$2,534,799$2,229,765
Other long-term assets$0$0$26,000$0$0
Total long-term assets$2,553,345$2,604,095$3,104,343$2,534,799$2,229,765
Total assets$4,194,488$4,144,149$3,984,659$3,090,894$2,261,243
 
Liabilities20232022202120202019
Payables and accrued expenses$93,729$69,152$441,781$224,716$32,558
Other current liabilities$0$0$0$0$0
Total current liabilities$93,729$69,152$441,781$224,716$32,558
Debt$0$490,468$959,747$1,695,467$1,445,204
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$490,468$959,747$1,695,467$1,445,204
Total liabilities$93,729$559,620$1,401,528$1,920,183$1,477,762
 
Net assets20232022202120202019
Without donor restrictions$4,100,759$3,584,529$2,583,131$1,170,711$783,481
With donor restrictions$0$0$0$0$0
Net assets$4,100,759$3,584,529$2,583,131$1,170,711$783,481
 
Revenues and expenses
 
Revenue20232022202120202019
Total contributions$500,020$634,767$1,375,108$226,625$562,347
Program service revenue$2,564,015$2,735,434$2,571,532$2,467,788$1,415,664
Membership dues$0$0$0$0$0
Investment income$9,523$0$318,537$29$0
Other revenue$34,497$101,117$298,342$59,290$126,018
Total other revenue$2,608,035$2,836,551$3,188,411$2,527,107$1,541,682
Total revenue$3,108,055$3,471,318$4,563,519$2,753,732$2,104,029
 
Expenses20232022202120202019
Program services$1,875,237$2,311,687$2,473,259$2,063,826$1,815,740
Management and general$693,669$653,228$519,138$355,673$233,463
Fundraising$22,919$9,128$8,702$59,014$44,015
Total expenses$2,591,825$2,974,043$3,001,099$2,478,513$2,093,218
 
Change in net assets20232022202120202019
Surplus (deficit)$516,230$497,275$1,562,420$275,219$10,811
Other changes in net assets$0$0$0$0$0
Total change in net assets$516,230$497,275$1,562,420$275,219$10,811

Compensation

NameTitleCompensation
Jason DunnOperations O$91,008
Margaret DunnExecutive Di$90,411

Compensation data as of: 9/30/2023


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