Waterfront Rescue Mission

The information on this page was last updated 12/4/2023. If you see errors or omissions, please email: [email protected]


Summary



Waterfront Rescue Mission provides food, shelter, counseling, and a renowned recovery program to the homeless along the Gulf Coast. For 72+ years, Waterfront Rescue Mission has been a beacon of hope for thousands of hungry and homeless men in Pensacola, Florida. Each night up to 150 homeless men come to the Mission, and are greeted with a nutritious meal, a warm shower, a clean change of clothes and a caring counselor who listens. Many of these men are at the end of their rope; the Mission is a knot that they can hold on to.


Contact information

Mailing address:
Waterfront Rescue Mission
PO Box 870
Pensacola, FL 32591

Website: waterfrontmission.org

Phone: 850-478-4027

Email: [email protected]


Organization details

EIN: 590838106

CEO/President: Clayton A. Romano

Chairman: Will Scott

Board size: 12

Founder:

Ruling year: 1964

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 1981


Purpose

Waterfront Rescue Mission believes that caring for the poor and homeless is not an option; it is a mandate from the Lord. Waterfront Rescue Mission is determined to provide compassionate help, individual attention, a plan for success, and most of all, knowledge about the Gospel.


Mission statement

Waterfront Rescue Mission strives to serve the Lord through all of its services. The aim of Waterfront Rescue Mission is to "Demonstrate God's Goodness by Providing Rescue and Recovery Services in Jesus' Name."


Statement of faith

1. We believe the Bible to be the inspired, the only infallible, authoritative Word of God, and speaks with final authority concerning all matters of belief and conduct. [John 5:37 - 40; Romans 1:1 - 2; 2 Timothy 3:14 - 17; 2 Peter 1:16 - 21] For purposes of Waterfront's (WRM) faith, doctrine, practice, policy, and discipline, our Board of Directors is WRM's final interpretive authority on the Bible's meaning and application.

2. We believe that there is one God, eternally existing in three persons: Father, Son and Holy Spirit, and that He is the Maker of all things, both visible and invisible. [Matthew 3:13 - 17; Matthew 28:18 - 20; 1 Corinthians 12:4 - 6; 2 Corinthians 13:14; 1 Peter 1:1 - 2; Genesis 1 - 2; Isaiah 45:18; Psalm 104; Jeremiah 10:10 - 12; Acts 17:22 - 31]

3. We believe in the deity and humanity of Jesus the Christ, in His virgin birth, in His sinless life, in His miracles, in His vicarious and atoning death through His blood shed, in His bodily resurrection, in His ascension to the right hand of the Father, in His present rule as Head of the Church and in His personal return in power and glory. [Isaiah 9:1 - 7; 53; John 1:1 - 18; Matthew 1; Romans 1:2 - 4; Philippians 2:5 - 11; Colossians 1:15 - 20; Hebrews 1:1 - 4; 1 Corinthians 15: 1 - 11]

4. We believe that lost and sinful individuals are saved through a direct, personal encounter with the risen Lord, at which time they are regenerated by the Holy Spirit. [Ezekiel 36:25 - 27; John 3:3, 5; 5:1; 1 Corinthians 12:3; 2 Corinthians 5:17; Ephesians 2:5; Colossians 2:13; 1 Thessalonians 1:4 - 5; 2 Thessalonians 2:13; Titus 3:5; James 1:18; 1 Peter 1:3]

5. We believe in the present ministry of the Holy Spirit, by whom Christ indwells each believer, enabling him or her to live a godly life of obedience towards spiritual maturity and Christ-likeness. [John 14:17; Romans 8:11; 1 Corinthians 3:16; Acts 6:8; Romans 8:4 - 6, 12 - 16; 2 Corinthians 13:14; Galatians 3:3, 5; Galatians 5:22 - 23, 25; Ephesians 2:22; 4:3; Philippians 2:1 - 2]

6. We believe in the resurrection and judgment of both the saved and the lost, they that are saved unto the resurrection of life and they that are lost unto the resurrection of condemnation. [Daniel 12:2; 1 Corinthians 15; 1 Thessalonians 4:13 - 18; Revelation 20:12 - 13; Matthew 12:36; 26:31 - 32; Acts 17:31; Romans 14:10; 2 Corinthians 5:10; Matthew 25: 34, 46; Luke 16:26; 2 Thessalonians 1:9; Revelation 14:11; 21:6, 8; 22:14, 15; John 14:2; Revelation 21:1 - 3]

7. We believe the Holy Spirit unites all true believers in the Lord Jesus Christ, with equality across race, gender and class differences, and that together they form one body, the church. This unity does not negate our creative distinctiveness as male or female, but underscores our oneness with God's family as unique children. [Romans 3:24; 5:15 - 21; 12:5; 1 Corinthians 1:2; 5:19; 15:22b; 2 Corinthians 5:17; Galatians 1:22; 2:17; 3:28; Ephesians 1:4; 2:12; 3:6; 4:32; 2 Timothy 2:10; 1 Thessalonians 4:16]

8. We believe that God created every person in His own image as male or female. This sexual distinction and complementarity establishes a normative connection between biological sex and gender. The fall of mankind has corrupted this order, brought about brokenness and confusion regarding gender issues. God's Word continues to affirm the sanctity of one's biological sex. Because of this reality, the Bible affirms that marriage is exclusively between one man and one woman for life. Marriage is thus the only proper context for sexual desire and behavior. [Genesis 1:26 - 27; 3:1 - 7; Romans 3:9 - 18; 5:12 - 17; Mark 10:1 - 8]

Donor confidence score

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Transparency grade

A

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Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating228 of 111029 of 141
Fund acquisition rating239 of 111118 of 141
Resource allocation rating225 of 111126 of 141
Asset utilization rating623 of 111085 of 141

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
12%5%5%5%7%7%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
10%5%3%9%6%6%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
93%95%66%165%93%91%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
11%6%6%7%6%6%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
7%5%34%-65%7%9%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
78%86%85%83%83%81%
Spending ratio Spending ratio =
Total expenses /
Total revenue
90%80%54%138%99%99%
Program output ratio Program output ratio =
Program services /
Total revenue
71%69%46%114%82%81%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
10%20%46%-38%1%1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
6%14%47%-26%1%1%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%8%9%10%11%12%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.430.470.650.730.66
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.862.242.232.257.497.63
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.690.971.061.475.455.05
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.6712.6913.8810.272.592.65
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.080.070.100.390.38
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.4511.4210.547.371.351.48
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%21%16%31%23%24%
Debt ratio Debt ratio =
Debt /
Total assets
0%5%7%18%10%12%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
157%182%178%105%106%115%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$10,173,340$8,274,117$4,979,081$875,702$835,547
Receivables, inventories, prepaids$2,105,423$1,701,043$1,422,132$1,277,942$1,299,753
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$12,278,763$9,975,160$6,401,213$2,153,644$2,135,300
Long-term investments$49,855$25,277$231,107$223,218$217,312
Fixed assets$12,753,505$12,167,508$7,635,126$8,485,221$8,633,857
Other long-term assets$2,483,215$107,366$110,226$5,277,000$5,313,214
Total long-term assets$15,286,575$12,300,151$7,976,459$13,985,439$14,164,383
Total assets$27,565,338$22,275,311$14,377,672$16,139,083$16,299,683
 
Liabilities20222021202020192018
Payables and accrued expenses$923,015$669,806$576,786$786,166$755,828
Other current liabilities$44,240$48,795$46,438$45,116$50,575
Total current liabilities$967,255$718,601$623,224$831,282$806,403
Debt$1,274,601$1,617,194$2,649,649$1,624,464$1,903,607
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$3,656,545$1,202,280$1,227,476$1,238,448$1,230,475
Total long-term liabilities$4,931,146$2,819,474$3,877,125$2,862,912$3,134,082
Total liabilities$5,898,401$3,538,075$4,500,349$3,694,194$3,940,485
 
Net assets20222021202020192018
Without donor restrictions$20,952,970$18,523,269$9,663,013$12,388,660$12,272,810
With donor restrictions$713,967$213,967$214,310$56,229$86,388
Net assets$21,666,937$18,737,236$9,877,323$12,444,889$12,359,198
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$14,077,339$12,898,365$11,306,132$10,941,286$9,869,337
Program service revenue$428,260$461,232$395,360$508,853$491,434
Membership dues$0$0$0$0$0
Investment income$43,546$911$100,092$113,384$219,289
Other revenue$302,158$6,039,486($4,962,414)$261,883$297,700
Total other revenue$773,964$6,501,629($4,466,962)$884,120$1,008,423
Total revenue$14,851,303$19,399,994$6,839,170$11,825,406$10,877,760
 
Expenses20222021202020192018
Program services$10,198,021$8,916,761$7,806,836$9,735,382$8,770,356
Management and general$963,749$975,917$987,356$1,246,810$1,334,922
Fundraising$723,732$648,448$614,510$759,032$673,766
Total expenses$11,885,502$10,541,126$9,408,702$11,741,224$10,779,044
 
Change in net assets20222021202020192018
Surplus (deficit)$2,965,801$8,858,868($2,569,532)$84,182$98,716
Other changes in net assets$0$0$0$0$0
Total change in net assets$2,965,801$8,858,868($2,569,532)$84,182$98,716

Compensation

NameTitleCompensation
Clay RomanoPresident$149,730
Andrew BrantleyVP of Financ$74,069

Compensation data as of: 12/31/2022


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 12/4/2023. To update the information below, please email: [email protected]


History

For over 70 years, Waterfront Rescue Mission has been a beacon of hope for thousands of hungry and homeless men in Pensacola, Florida. Each night up to 150 homeless men come to the Mission, and are greeted with a nutritious meal, a warm shower, a clean change of clothes and a caring counselor who listens.

Many of these men are at the end of their rope; the Mission is a knot that they can hold on to. Waterfront Rescue Mission is determined to provide compassionate help, individual attention, a plan for success, and most of all, knowledge about the Gospel.

Waterfront serves thousands of guests each year in its Pensacola and Mobile shelters, constructed in 2012 and 2013 respectively. Both facilities provide overnight shelter, as well as short-term programs for homeless, connection to VA services, a Recuperation dorm for our injured or ill guests, plus access to the LifeBuilder Recovery Program and Career Development Program.

Waterfront Rescue Mission has served over 60,000 hungry and homeless individuals since its inception in 1949. The Mission meets the basic physical needs of the men who come off the streets for a place to sleep and collaborates with numerous community partners to connect guests to vital services, such as physical and mental health care, women's services, life skills, job opportunities, Veterans' services, and permanent housing. Waterfront's goal is to meet each guest as a friend and to help determine next steps to help them on the path to healing and restoration.


Program accomplishments

Our outcomes-driven, accountable approach has helped 60,000+ individuals get the life-changing help they need, since 1949.


Needs