Waterfront Rescue Mission

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 2/12/2022. To update the information in this column, please email: info@ministrywatch.com


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: info@waterfrontmission.org


Organization details

EIN: 590838106

CEO/President: Clayton A. Romano

Chairman: Mark King

Board size: 11

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

We believe the Bible to be the inspired, the only infallible, authoritative Word of God.

We believe that there is one God, eternally existent in three persons: Father, Son and Holy Spirit.

We believe in the deity and humanity of 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.

We believe that for the salvation of lost and sinful men, regeneration by the Holy Spirit is absolutely essential.

We believe in the present ministry of the Holy Spirit, by whose indwelling the Christian is enabled to live a godly life.

We believe in the resurrection 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 damnation.

We believe in the spiritual unity of believers in our Lord Jesus Christ, with equality across race, gender and class differences.

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 rating109 of 102224 of 160
Fund acquisition rating147 of 102419 of 160
Resource allocation rating214 of 102443 of 160
Asset utilization rating375 of 102268 of 160

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%5%7%7%5%7%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%9%6%6%4%6%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%165%93%91%85%92%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
10%7%6%6%5%6%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%-65%7%9%15%8%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%83%83%81%80%81%
Spending ratio Spending ratio =
Total expenses /
Total revenue
89%138%99%99%94%115%
Program output ratio Program output ratio =
Program services /
Total revenue
70%114%82%81%75%93%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
11%-38%1%1%6%-15%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
8%-26%1%1%6%-13%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%10%11%12%15%14%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.550.650.730.660.580.64
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.272.257.497.638.748.82
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.851.475.455.055.115.68
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
12.9510.272.592.653.442.63
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.100.390.380.290.38
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.537.371.351.481.671.31
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%31%23%24%33%36%
Debt ratio Debt ratio =
Debt /
Total assets
1%18%10%12%12%14%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
150%105%106%115%115%100%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$4,979,081$875,702$835,547$1,091,233$768,884
Receivables, inventories, prepaids$1,422,132$1,277,942$1,299,753$999,295$1,268,514
Short-term investments$0$0$0$0$3,959
Other current assets$0$0$0$0$0
Total current assets$6,401,213$2,153,644$2,135,300$2,090,528$2,041,357
Long-term investments$231,107$223,218$217,312$580,097$569,301
Fixed assets$7,635,126$8,485,221$8,633,857$9,254,889$9,716,400
Other long-term assets$110,226$5,277,000$5,313,214$6,354,559$5,676,206
Total long-term assets$7,976,459$13,985,439$14,164,383$16,189,545$15,961,907
Total assets$14,377,672$16,139,083$16,299,683$18,280,073$18,003,264
 
Liabilities20202019201820172016
Payables and accrued expenses$576,786$786,166$755,828$571,322$734,751
Other current liabilities$46,438$45,116$50,575$36,646$40,691
Total current liabilities$623,224$831,282$806,403$607,968$775,442
Debt$2,649,649$1,624,464$1,903,607$2,177,418$2,462,136
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$1,227,476$1,238,448$1,230,475$3,232,791$3,212,143
Total long-term liabilities$3,877,125$2,862,912$3,134,082$5,410,209$5,674,279
Total liabilities$4,500,349$3,694,194$3,940,485$6,018,177$6,449,721
 
Net assets20202019201820172016
Without donor restrictions$9,663,013$12,388,660$12,272,810$12,182,471$11,460,383
With donor restrictions$214,310$56,229$86,388$79,425$93,160
Net assets$9,877,323$12,444,889$12,359,198$12,261,896$11,553,543
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$11,306,132$10,941,286$9,869,337$9,719,570$9,225,336
Program service revenue$395,360$508,853$491,434$441,046$204,674
Membership dues$0$0$0$0$0
Investment income$100,092$113,384$219,289$310,509$292,172
Other revenue($4,962,414)$261,883$297,700$916,558$323,965
Total other revenue($4,466,962)$884,120$1,008,423$1,668,113$820,811
Total revenue$6,839,170$11,825,406$10,877,760$11,387,683$10,046,147
 
Expenses20202019201820172016
Program services$7,806,836$9,735,382$8,770,356$8,551,487$9,383,997
Management and general$987,356$1,246,810$1,334,922$1,621,345$1,567,292
Fundraising$614,510$759,032$673,766$508,222$639,377
Total expenses$9,408,702$11,741,224$10,779,044$10,681,054$11,590,666
 
Change in net assets20202019201820172016
Surplus (deficit)($2,569,532)$84,182$98,716$706,629($1,544,519)
Other changes in net assets$0$0$0$0$0
Total change in net assets($2,569,532)$84,182$98,716$706,629($1,544,519)

Compensation

NameTitleCompensation
Devin SimmonsPresident$137,080
Andrew BrantleyVP of Financ$60,083
Marsha ClarkVP of Financ$58,526

Compensation data as of: 12/31/2020


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 2/12/2022. To update the information below, please email: info@ministrywatch.com


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