The Path of Citrus County 
The information on this page was last updated 11/8/2022. If you see errors or omissions, please email: [email protected]
Summary
At The Path, we refer to ourselves as a "GOSPEL RESCUE MISSION." We are compelled foremost by Jesus' instructions to actively care for those in need and to introduce them to the life-transforming Gospel of Jesus Christ. Providing a protective refuge from fatigue and failure are critical first steps of a slow journey leading to new desires, choices, and direction in life. A gospel rescue mission like The Path prepares people to have meaningful roles leading to stability and purposeful living in our communities. During their stay men, women and their children are provided a compassionate, safe and structured environment while the proper long-term needs are addressed.
Contact information
Mailing address:
The Path of Citrus County
PO Box 3024
Iverness, FL 34451
Website: pathofcitrus.org
Phone: 352-527-6500
Email: [email protected]
Organization details
EIN: 593111520
CEO/President: DuWayne Sipper
Chairman: Stuart Green
Board size: 6
Founder: DuWayne Sipper
Ruling year: 1992
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 2013
Purpose
To bring the good news and teachings of Jesus Christ to those in need by means of example according to Mathew 25:35, "For I was hungry and you gave me something to eat, for I was thirsty and you gave me something to drink, I was a stranger and you invited me in, I needed clothes and you clothed me, I was sick and you looked after me, I was in prison and you came to visit me."(NIV)
Mission statement
Our mission is to provide a Christian living environment that allows true rehabilitation. To allow long term stays for life changing biblical teachings to take effect. To encourage the work ethic for those without a home.
Statement of faith
We wish to avoid the temptation to argue our commission. We will keep the spirit of Christ's love in accomplishing what God has told us to do. We seek the Holy Spirit's guidance on how to distribute all of God's assets. We will serve the public with humility, honesty and integrity.
We believe the Bible to be the inspired, infallible, and 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 of our Lord Jesus Christ, in His virgin birth, His sinless life, His atoning death on the cross, and His bodily resurrection from the grave.
We believe that Jesus Christ ascended to the right hand of the Father, now rules as Head of His Body, the Church, and will personally return in power and glory.
We believe that man in his natural state is lost and thus alienated from God and that salvation through personal faith in the person and work of Jesus Christ is essential.
We believe in the present ministry of the Holy Spirit, by whose indwelling a Christian is made spiritually alive and enabled to live a Godly life.
We believe in the resurrection of both the saved and the lost, they who are saved unto the resurrection of life, and they who are lost unto the resurrection of damnation.
We believe in the spiritual unity of the believers in Christ.
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 | | 563 of 1050 | 77 of 145 |
| Fund acquisition rating | | 344 of 1051 | 39 of 145 |
| Resource allocation rating | | 423 of 1051 | 54 of 145 |
| Asset utilization rating | | 889 of 1050 | 135 of 145 |
Financial ratios
| Funding ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 10% | 6% | 17% | 16% | 19% | 16% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 8% | 4% | 13% | 11% | 15% | 14% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 93% | 65% | 78% | 70% | 79% | 87% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 10% | 5% | 16% | 12% | 21% | 25% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 7% | 35% | 22% | 30% | 21% | 13% |
| Operating ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Program expense ratio Program expense ratio = Program services / Total expenses | 80% | 83% | 49% | 64% | 67% | 61% |
Spending ratio Spending ratio = Total expenses / Total revenue | 85% | 72% | 81% | 91% | 70% | 56% |
Program output ratio Program output ratio = Program services / Total revenue | 68% | 60% | 40% | 58% | 47% | 34% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 15% | 28% | 19% | 9% | 30% | 44% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 13% | 14% | 9% | 4% | 15% | 30% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 9% | 11% | 34% | 24% | 12% | 14% |
| Investing ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.55 | 0.31 | 0.32 | 0.28 | 0.28 | 0.28 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.73 | 4.42 | 5.05 | 6.27 | 5.58 | 8.22 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.57 | 1.39 | 1.60 | 1.77 | 1.54 | 2.31 |
| Liquidity ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Current ratio Current ratio = Total current assets / Total current liabilities | 14.37 | 41.37 | 13.50 | 16.35 | 12.77 | 9.06 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.02 | 0.07 | 0.06 | 0.08 | 0.11 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.70 | 8.42 | 6.96 | 6.38 | 7.20 | 4.62 |
| Solvency ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 7% | 11% | 18% | 19% | 21% | 25% |
Debt ratio Debt ratio = Debt / Total assets | 1% | 10% | 16% | 18% | 19% | 23% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 153% | 284% | 260% | 289% | 288% | 268% |
Financials
| Balance sheet | |||||
| Assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Cash | $744,946 | $576,870 | $422,551 | $418,312 | $222,267 |
| Receivables, inventories, prepaids | $16,999 | $49,452 | $44,705 | $101,676 | $93,035 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $761,945 | $626,322 | $467,256 | $519,988 | $315,302 |
| Long-term investments | $29,705 | $0 | $0 | $0 | $0 |
| Fixed assets | $2,549,503 | $2,515,199 | $2,456,973 | $2,377,371 | $2,271,495 |
| Other long-term assets | $29,647 | $22,256 | $4,776 | $4,776 | $4,076 |
| Total long-term assets | $2,608,855 | $2,537,455 | $2,461,749 | $2,382,147 | $2,275,571 |
| Total assets | $3,370,800 | $3,163,777 | $2,929,005 | $2,902,135 | $2,590,873 |
| Liabilities | 2021 | 2020 | 2019 | 2018 | 2017 |
| Payables and accrued expenses | $18,418 | $46,383 | $28,572 | $40,719 | $34,786 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $18,418 | $46,383 | $28,572 | $40,719 | $34,786 |
| Debt | $347,215 | $516,747 | $520,728 | $565,310 | $601,502 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $347,215 | $516,747 | $520,728 | $565,310 | $601,502 |
| Total liabilities | $365,633 | $563,130 | $549,300 | $606,029 | $636,288 |
| Net assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Without donor restrictions | $3,005,167 | $2,600,647 | $2,369,705 | $2,296,106 | $1,954,585 |
| With donor restrictions | $0 | $0 | $10,000 | $0 | $0 |
| Net assets | $3,005,167 | $2,600,647 | $2,379,705 | $2,296,106 | $1,954,585 |
| Revenues and expenses | |||||
| Revenue | 2021 | 2020 | 2019 | 2018 | 2017 |
| Total contributions | $951,352 | $952,079 | $641,073 | $901,701 | $1,135,670 |
| Program service revenue | $216,747 | $212,938 | $199,698 | $228,852 | $62,823 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $54,736 | $6,680 | $7,011 | $1,360 | $7,749 |
| Other revenue | $242,792 | $56,250 | $61,586 | $8,176 | $102,742 |
| Total other revenue | $514,275 | $275,868 | $268,295 | $238,388 | $173,314 |
| Total revenue | $1,465,627 | $1,227,947 | $909,368 | $1,140,089 | $1,308,984 |
| Expenses | 2021 | 2020 | 2019 | 2018 | 2017 |
| Program services | $883,507 | $492,237 | $523,744 | $535,835 | $443,473 |
| Management and general | $118,183 | $344,525 | $199,652 | $94,685 | $100,134 |
| Fundraising | $57,869 | $162,499 | $101,373 | $168,049 | $184,835 |
| Total expenses | $1,059,559 | $999,261 | $824,769 | $798,569 | $728,442 |
| Change in net assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Surplus (deficit) | $406,068 | $228,686 | $84,599 | $341,520 | $580,542 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $406,068 | $228,686 | $84,599 | $341,520 | $580,542 |
Compensation
| Name | Title | Compensation |
| Duwayne Sipper | Executive Director | $60,000 |
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 11/8/2022. To update the information below, please email: [email protected]
History
Located in rural Citrus County, Florida, (approximately 90 miles north of Tampa), The Path has been in operation since 2001 and sheltered over 2,500 homeless or displaced men, women and children. In 2019, after completing a four-year capital campaign, The Path finished major renovations on a motel complex and moved sheltering, programs and operations there. This campus is ideally suited to shelter more women with children, single men with their children and intact families. The Path is a privately funded 501(c)(3) non-profit organization and relies almost entirely upon the private donations of the Citrus and Marion County communities to run its programs.
MILESTONES
1997 - Founder and Executive Director DuWayne Sipper began sharing the vision for a biblically-based shelter and life-transforming addiction recovery program for homeless with local churches and organizations.
1999 - An existing local prison ministry with an established 501-c-3 voted to dissolve and turn over the non-profit By Laws, Articles of Incorporation, and existing funds to The Path with DuWayne Sipper as Executive Director.
2000 - The Path Shelter Bargain Store was opened in Inverness, FL to raise funds and awareness.
2001 - The shelter had its official grand opening in Beverly Hills, located in Citrus County, FL. Two adjacent houses were acquired--one to house up to 6 men and the other to house up to 6 women and their children. Churches, individuals, and organizations remodeled and furnished these houses. Volunteer staff was trained. A detached garage was renovated to serve as a multi-purpose office for case management, life-skills programs, classes and other functions.
2005 - The Path was loaned 10 acres of land to grow pesticides-free vegetables, with an additional 5 acres loaned 5 years later. This farm continues to provide healthy food for both the shelter and local community, plus supervised "work therapy" to help with improving physical health and addiction recovery.
2007 - The Path Shelter Bargain Store moved to its current location in Lecanto, FL and provides a supervised "work therapy" program for men and women at the shelter.
2010 - The Path acquired another adjacent house for sheltering up to 6 more men. For sustainability, a Farm Co-op was started in response to community demand so that locally-grown food was available to residents nearly year round. Also in 2010, The Path of Marion County was established with the opening of Path Bargains, a clothing thrift store in Dunnellon. The objective was to partner with feeding organizations in Marion County and eventually operate a rescue mission south of Ocala.
2011 - The Path acquired 2 more adjacent houses. One was dedicated to expanding addiction recovery bed space for up to 6 more men and the other to program operations, client services and case management.
2013 - The Path acquired a sixth adjacent house for executive administration, development, finance, board activities and donor relations.
2015-2019 - Leadership recognized the need to expand The Path to be able to shelter more women with multiple children, infants to teens, men with their children and intact families. An old motel complex down the street from the existing shelter houses was ideally suited for this vision. When the first lead gift of $300,000 was received from a donor's estate, leadership officially launched a $1.85M capital campaign to purchase the motel property. Purchase was finalized in 2018 and renovations began.
2019 - By the fall of 2019, men and women at The Path were being sheltered at the renovated motel campus. The cafeteria was opened to clients and programs began operations at this facility.
2020 - In June, The Path officially launched its "New Life Program": a year-long program of four phases, each lasting approximately three months with evaluation at each phase. Classes were expanded and moved to the daytime to cover physical health, boundaries, anger management, practical and soft life skills, training programs for basic construction and cook skills, spiritual growth, recovery and many other wellness classes-in addition to work therapy at the grounds, bargain stores and farm.