Stability First Inc.

The information on this page was last updated 12/9/2021. If you see errors or omissions, please email: [email protected]


Summary

Stability First is a non-profit organization established to address multiple issues associated with the alleviation of poverty. It deals with transitional housing as well as a circle of services geared toward assisting low income families in increasing their financial stability and self sufficiency.

At present there are three aspects to our work:

Foundations is an outreach program for men of all ages who are homeless or living in unstable circumstances. Volunteers provide spiritual mentoring, goal setting and accountability tools, assistance with stability planning and life coaching. We will soon be developing supportive housing that will reinforce these goals and work to establish men as stable leaders in their homes and communities.

The Lynay Community Resource Center is a multi-purpose facility housing a variety of services to bring stability into the lives of the under resourced. Current programming includes: bi-weekly high school equivalency exam prep classes offered by Central Nine, men's outreach coaching sessions, substance abuse recovery group meetings, and job & career exploration opportunities. Production facilities for the Maggie Bag project are also located here.

The Magdalene House is a shelter for single women, providing housing and supportive services for up to 16 women at a time. Our goal is to walk alongside women as they increase in accountability and gain the stability needed to live independently. The program is faith based and provides an individualized, goal oriented approach.

The Maggie Bag Project is a sustainability initiative that combines the efforts of Magdalene House residents with those of partners from near and far to produce beautiful handbags.


Contact information

Mailing address:
Stability First Inc.
PO Box 1452
Martinsville, IN 46151

Website: stability-first.com

Phone: 765-343-8030

Email: [email protected]


Organization details

EIN: 474429844

CEO/President: Rick Miller

Chairman: Jamin Baxter

Board size: 11

Founder:

Ruling year: 2017

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: No

Member of ECFA since:


Purpose

Stability First is a non-profit organization established to address multiple issues associated with the alleviation of poverty.


Mission statement

We provide housing, substance abuse recovery programing and support services, and many other resources geared toward assisting those with limited resources by increasing their financial stability and self-sufficiency.


Statement of faith

Donor confidence score

Show donor confidence score details

Transparency grade

D

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating129 of 103323 of 161
Fund acquisition rating73 of 10357 of 161
Resource allocation rating105 of 103514 of 161
Asset utilization rating608 of 1033102 of 161

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
9%0%0%0%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%0%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%89%99%65%51%84%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
10%0%0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%11%1%35%49%16%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%95%95%93%88%74%
Spending ratio Spending ratio =
Total expenses /
Total revenue
87%59%98%80%142%28%
Program output ratio Program output ratio =
Program services /
Total revenue
69%56%93%75%124%21%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
13%41%2%20%-42%72%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
11%30%2%12%-16%54%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%5%5%7%12%26%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.550.430.640.490.520.21
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.972.566.4616.6439.917.66
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.741.094.128.1620.731.61
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
14.3047.0416.938.061.839.92
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.020.060.120.550.10
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.7910.752.741.290.266.72
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%1%6%1%1%1%
Debt ratio Debt ratio =
Debt /
Total assets
2%0%5%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
150%233%147%202%190%470%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$283,415$51,773$30,963$10,610$73,021
Receivables, inventories, prepaids$18,390$37,816$300$1,500$0
Short-term investments$1,209$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$303,014$89,589$31,263$12,110$73,021
Long-term investments$0$0$0$0$0
Fixed assets$473,896$488,878$488,878$471,177$486,002
Other long-term assets$0$0$0$0$0
Total long-term assets$473,896$488,878$488,878$471,177$486,002
Total assets$776,910$578,467$520,141$483,287$559,023
 
Liabilities20202019201820172016
Payables and accrued expenses$6,442$5,293$3,880$6,622$7,358
Other current liabilities$0$0$0$0$0
Total current liabilities$6,442$5,293$3,880$6,622$7,358
Debt$0$30,000$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$0$30,000$0$0$0
Total liabilities$6,442$35,293$3,880$6,622$7,358
 
Net assets20202019201820172016
Without donor restrictions$0$0$0$0$0
With donor restrictions$0$0$0$0$0
Net assets$770,468$543,174$516,261$476,665$551,665
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$495,751$373,667$205,674$90,973$349,935
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$17$13$42$5$1
Other revenue$62,547$3,896$111,538$86,084$67,594
Total other revenue$62,564$3,909$111,580$86,089$67,595
Total revenue$558,315$377,576$317,254$177,062$417,530
 
Expenses20202019201820172016
Program services$313,726$350,870$238,395$220,290$86,905
Management and general$17,295$18,483$16,727$30,705$30,393
Fundraising$0$0$0$0$0
Total expenses$331,021$369,353$255,122$250,995$117,298
 
Change in net assets20202019201820172016
Surplus (deficit)$227,294$8,223$62,132($73,933)$300,232
Other changes in net assets$0$0$0$0$0
Total change in net assets$227,294$8,223$62,132($73,933)$300,232

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 12/9/2021. To update the information below, please email: [email protected]


History


Program accomplishments


Needs

We're looking for individuals, couples and families who would be willing to partner with Stability First to have a greater impact on the ministry, on our community and ultimately on the Kingdom of God. Stability Impact Partners are a group of people who have committed to regular monthly supprt of the ministry at any level. Reliable, predictable monthly support through recurring donations enable us to maintain and grow the ministry.