Winston-Salem Rescue Mission 
The information on this page was last updated 11/10/2023. If you see errors or omissions, please email: [email protected]
Summary
We are a non-denominational Christian ministry meeting the physical, emotional, and spiritual needs of hurting people in the Triad area, so that we may proclaim the gospel of Jesus Christ and bring glory to God. We offer recovery programs to men facing alcohol and drug addictions. We feed and clothe individuals and families in need. We offer free medical and dental clinics. We offer several opportunities for anyone who wishes to serve others.
Contact information
Mailing address:
Winston-Salem Rescue Mission
PO Box 595
Winston-Salem, NC 27102-0595
Website: wsrescue.org
Phone: 336-723-1848
Email: [email protected]
Organization details
EIN: 560891921
CEO/President: Lou Carrico
Chairman: Chris Payne
Board size: 6
Founder: Rev. Neal Wilcox
Ruling year: 1968
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: Yes
Member of ECFA since: 2015
Purpose
We are a Christian organization that believes in the triune God - Father, Son, and Holy Spirit, and affirms the transforming life, death and resurrection of Jesus Christ as the salvation for all humanity, and seeks to put Christ at the center of all we say and do.
We are a non-denominational ministry that provides services for anyone who calls on us for help regardless of race, religion, cultural or ethnic background.
We are a service ministry following the example of Christ who came "not to be served, but to serve" and carrying out the Great Commandment to "love our neighbors as ourselves".
We are called to proclaim the gospel to anyone who is lost and in need of the grace and forgiveness found only in Jesus Christ.
We seek to glorify God in all we do, believing that by serving the needs of our neighbor, showing kindness and compassion to the hurting and the lost, and sharing the good news of the gospel of Christ with all people we bring glory to God and fulfill our purpose in life.
Mission statement
Helping our hurting neighbors find hope and healing through the transforming gospel of Jesus Christ.
Statement of faith
INSPIRATION - We believe in the inspiration, infallibility, and authority of the Bible as found in the sixty-six books of the Old and New Testament.
CREATION - We believe that God created the universe, the earth, animals, and man in six literal, twenty-four-hour days.
GOD - We believe in one God, eternally existing in three persons - Father, Son, and Holy Spirit - equal in nature, deity, power, and glory.
CHRIST - We believe in one Savior, our Lord Jesus Christ, the virgin-born Son of God. We believe in His substitutionary atonement through His blood, His bodily resurrection, and His imminent return.
SALVATION - We believe in salvation from sin by the grace of God, through faith in our Lord Jesus Christ and His blood which was shed on the cross.
HOLY SPIRIT - We believe in God the Holy Spirit, who convicts and regenerates the sinner, and indwells, seals, and guides the believer.
HEAVEN - We believe in a literal Heaven of conscious eternal blessing for the believer in our Lord Jesus Christ.
HELL - We believe in a literal Hell of conscious eternal torment in the lake of fire for those who reject the Lord Jesus Christ.
No provision of this statement of faith, once approved by the Board of Directors, shall ever be changed or subtracted from.
Donor confidence score
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Rescue Missions/Homeless Shelters
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 834 of 1118 | 106 of 138 |
| Fund acquisition rating | | 834 of 1119 | 116 of 138 |
| Resource allocation rating | | 934 of 1119 | 119 of 138 |
| Asset utilization rating | | 365 of 1118 | 44 of 138 |
Financial ratios
| Funding ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 12% | 17% | 19% | 14% | 12% | 8% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 10% | 17% | 19% | 14% | 11% | 7% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 92% | 97% | 97% | 99% | 93% | 94% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 11% | 16% | 19% | 18% | 13% | 7% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 8% | 3% | 3% | 1% | 7% | 6% |
| Operating ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Program expense ratio Program expense ratio = Program services / Total expenses | 80% | 71% | 71% | 72% | 74% | 82% |
Spending ratio Spending ratio = Total expenses / Total revenue | 95% | 101% | 100% | 78% | 82% | 96% |
Program output ratio Program output ratio = Program services / Total revenue | 75% | 72% | 71% | 56% | 61% | 78% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 5% | -1% | 0% | 22% | 18% | 4% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 5% | -1% | 0% | 15% | 11% | 3% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 9% | 12% | 9% | 11% | 12% | 10% |
| Investing ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.53 | 0.68 | 0.63 | 0.52 | 0.48 | 0.53 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.95 | 3.00 | 3.14 | 3.11 | 3.95 | 7.43 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.75 | 2.05 | 1.96 | 1.62 | 1.89 | 3.95 |
| Liquidity ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Current ratio Current ratio = Total current assets / Total current liabilities | 13.50 | 18.85 | 16.52 | 24.26 | 11.65 | 7.78 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.05 | 0.06 | 0.04 | 0.09 | 0.13 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.33 | 5.54 | 5.75 | 7.09 | 5.79 | 2.65 |
| Solvency ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 9% | 4% | 4% | 1% | 8% | 16% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 2% | 2% | 0% | 6% | 14% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 154% | 141% | 153% | 189% | 191% | 159% |
Financials
| Balance sheet | |||||
| Assets | 2024 | 2023 | 2022 | 2021 | 2020 |
| Cash | $1,948,244 | $1,932,408 | $1,878,704 | $1,271,155 | $628,188 |
| Receivables, inventories, prepaids | $227,328 | $186,544 | $186,077 | $219,485 | $135,023 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $2,175,572 | $2,118,952 | $2,064,781 | $1,490,640 | $763,211 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $4,243,204 | $4,366,532 | $4,358,549 | $4,404,733 | $4,908,450 |
| Other long-term assets | $118,450 | $159,488 | $0 | $98 | $400 |
| Total long-term assets | $4,361,654 | $4,526,020 | $4,358,549 | $4,404,831 | $4,908,850 |
| Total assets | $6,537,226 | $6,644,972 | $6,423,330 | $5,895,471 | $5,672,061 |
| Liabilities | 2024 | 2023 | 2022 | 2021 | 2020 |
| Payables and accrued expenses | $115,437 | $118,621 | $83,121 | $127,928 | $98,162 |
| Other current liabilities | $0 | $9,620 | $2,000 | $0 | $0 |
| Total current liabilities | $115,437 | $128,241 | $85,121 | $127,928 | $98,162 |
| Debt | $123,688 | $165,685 | $0 | $359,475 | $786,849 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $123,688 | $165,685 | $0 | $359,475 | $786,849 |
| Total liabilities | $239,125 | $293,926 | $85,121 | $487,403 | $885,011 |
| Net assets | 2024 | 2023 | 2022 | 2021 | 2020 |
| Without donor restrictions | $6,279,884 | $6,327,104 | $6,317,505 | $5,387,126 | $4,772,465 |
| With donor restrictions | $18,217 | $23,942 | $20,704 | $20,942 | $14,585 |
| Net assets | $6,298,101 | $6,351,046 | $6,338,209 | $5,408,068 | $4,787,050 |
| Revenues and expenses | |||||
| Revenue | 2024 | 2023 | 2022 | 2021 | 2020 |
| Total contributions | $4,267,913 | $4,068,249 | $4,220,352 | $3,210,490 | $2,979,468 |
| Program service revenue | $90,252 | $82,294 | $49,607 | $64,094 | $73,740 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $46,864 | $11,109 | $2,042 | ($86,485) | $5,117 |
| Other revenue | $7,766 | $11,732 | $8,238 | $257,384 | $98,037 |
| Total other revenue | $144,882 | $105,135 | $59,887 | $234,993 | $176,894 |
| Total revenue | $4,412,795 | $4,173,384 | $4,280,239 | $3,445,483 | $3,156,362 |
| Expenses | 2024 | 2023 | 2022 | 2021 | 2020 |
| Program services | $3,181,839 | $2,968,933 | $2,398,931 | $2,103,443 | $2,475,663 |
| Management and general | $551,081 | $392,242 | $356,222 | $344,896 | $315,154 |
| Fundraising | $732,820 | $792,162 | $594,945 | $376,126 | $225,947 |
| Total expenses | $4,465,740 | $4,153,337 | $3,350,098 | $2,824,465 | $3,016,764 |
| Change in net assets | 2024 | 2023 | 2022 | 2021 | 2020 |
| Surplus (deficit) | ($52,945) | $20,047 | $930,141 | $621,018 | $139,598 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($52,945) | $20,047 | $930,141 | $621,018 | $139,598 |
Compensation
| Name | Title | Compensation |
| Lou Carrico | Executive Director | $67,174 |
Compensation data as of: 6/30/2024
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 11/10/2023. To update the information below, please email: [email protected]
History
1967 - Several pastors and businessmen became burdened for the homeless and hurting men in Winston-Salem and determined that there was a real need for a rescue mission ministry in the city. A building on North Trade Street was obtained, and Rev. Neal Wilcox was chosen as the first director. He and his wife Barbara moved to Winston-Salem on June 1, 1967, to begin what would become a long and fruitful ministry. The Winston-Salem Rescue Mission officially opened its doors on July 22, 1967.
1973 - The Lawrence Apartments (formerly Lawrence Hospital) were donated to the Mission. This building was remodeled and refurbished, and in October 1974, the Mission building moved from North Trade Street to its current location at 717 Oak Street. This new location enabled the Mission to house up to seventy men each night. During this time, the Mission provided meals and shelter to men who had no home.
1975 - The purchase of a store at 705 North Trade Street provided work opportunities for the men who stayed at the Mission and also helped to bring in income to support the Mission.
1976 - A ladies division was opened and operated for eight years. Due to staffing shortages, it was necessary to close the women's ministry. The building was renamed "Bethel Hall," and the Mission was now able to accommodate eighty-five men.
Also, an apartment building in the Ardmore section of the city was donated to the Mission. This building was traded as a down payment on a farm in Davie County. This farm was used to raise pork and beef as well as some vegetables for the Mission and also provided more work opportunities for the men.
1986 - The Mission purchased a nearby warehouse and established the Industrial Division to provide job therapy and training to the countless men who came to the Mission for help and direction.
1994-1997 - The farm in Davie County was sold, and a 110-acre camp in Yadkin County was leased. The camp property was purchased in 1997, and a long-term drug and alcohol program was established and became known as Alpha Acres, "The Place of New Beginnings." A computer-based learning center was introduced, and a Bible-centered recovery program became a reality.
2000 - The Mission received their certification from the Association of Gospel Rescue Missions, which recognizes missions that have demonstrated a high quality of service to their communities through well-managed programs and operations.
In September, Rev. Neal Wilcox retired as Executive Director, having served the Mission for thirty-three years. Mr. Danny Parsons, a former Mission Board Member, was named as the new Executive Director. The Mission continued to grow, and the demand for shelter for more homeless men increased.
2003 - 2008 - The Mission purchased the USA Hotel on Trade Street for future expansion of the Mission ministries. Construction of the New Life Center, which housed a one-year residential recovery program for men, was completed in 2008.
2013 - In June, Ken Heater was hired as Assistant Executive Director to serve a six month transition period with Danny Parsons, and on December 31, after 14 years of ministry, Danny Parsons retired as Executive Director.
2014 - On January 1, Ken Heater began serving as the third Executive Director of the Mission. Ken led the Mission in evaluating and improving upgrading policies procedures, and organization structure, upgrading equipment, and software programs, strengthening the recovery programs and discipline structure and formalizing the work therapy programs to better help residents be accountable and prepared for returning to work. Ken also increased attention on balancing work therapy reasonabilities with eduction and recovery.
2015 -The Mission completed and received ECFA certification.
In addition, Centergrove Baptist Church led the way in our Food Pantry renovation by donating cash and labor and coordinating with community vendors to complete this $100,000 project. The new space allows us to serve more clients, and upgrades included new equipment shelving, and new refrigeration and freezer units.
2016 -The Mission completed and received AGRM certification.
2017 - On July 20th, the Thrift Store had a devastating fire that destroyed all the store's internal contents. The supporters of the Rescue Mission donated cash, two truckloads of clothes, a warehouse full of furniture, and many more items. The Lord miraculously provided exceedingly and abundantly beyond our expectations.
In October, our 50th-anniversary banquet celebrated the Past, Present and Future Vision of the Rescue Mission. It was a grand night of worship and celebration. Pastor Rob Decker opened the meeting in prayer, followed by the Piedmont International Choir singing praises to the Lord. We were blessed to have all three executive directors Rev. Neal Wilcox, Mr. Dan Parsons and current Executive Director Mr. Ken Heater. Testimonies were shared by men in recovery, and Pastor Frank Thomas blessed the audience with his incredible voice.
2018 - The Mission saw an exciting increase in volunteerism from local church and school groups, businesses and individuals who served a combined total 18, 500 volunteer hours through the year. Many of these volunteers assisted in the Alpha Acres Banquet, WSRM Banquet, Golf Tournament and Mission 5K.
2019 - In May, Ken Heater submitted his resignation as Executive Director and Lou Carrico was named as the Interim Executive Director. Lou had been with WSRM for 15 years serving in various Program Department roles.
2020- In March, the Mission began experiencing the effects of COVID-19. The Thrift Store was closed for 6 weeks due to the government mandate. All Mission non-essential staff were furloughed with pay, the campus was closed to outside guests and volunteers and the residents were restricted to campus. The closed campus and resident restriction to campus continued to the end of 2020.
In August, Alpha Acres was sold after a recommendation by the Board of Directors.
In September, there was a fire in Bethel Hall which was the result of a faulty exhaust fan. There were 10 program graduates living in Bethel Hall who were either in school or working off campus. Due to the smoke damage, all program residents from Bethel Hall and Life Builders had to spend the night in the gymnasium of a local church. The Bethel Hall fire was too extensive, and the residents were moved back into the New Life Center.
In October, the Mission held its very first Virtual Banquet due to COVID-19.
On November 9th, the Board of Directors voted unanimously to name Lou Carrico as the 4th Executive Director of WSRM.
Program accomplishments
53,000 meals provided each year at our Food Pantry
34,310 nights of clean, safe shelter and over 150,000 meals provided each year for men in our recovery programs
6,000 people served each year through our community outreach
1,107 patients served each year at our free medical/dental clinics
10,000 pieces of clothing distributed each year through our Clothing Ministry
Needs
The Mission is a 501(c)3 organization and is privately funded with the majority of our donations coming from individuals, churches and businesses. 80% of our donations are used to directly fund our programs which help those in need. We also receive gently used donations for our Thrift Store. The Mission is supported by over 400 volunteers a year with 6,000 service visits on campus who have the vision of helping those most in need in our community.
We invite you to join us in this important and effective outreach.