Downtown Rescue Mission Inc.

The information on this page was last updated 1/1/2024. If you see errors or omissions, please email: [email protected]


Summary

The Downtown Rescue Mission, an Alabama non-profit organization, is a place of refuge offering different programs for the homeless of our community. Men, women, and children can find a warm meal and a safe place to stay at our campus. For more than four decades, the Lord has used our programs and services to rescue and transform lives for His glory. We are a Christ-centered 501(c)(3) nonprofit organization committed to bringing the hope of the Gospel to the hurting, hungry, and homeless in our community.


Contact information

Mailing address:
Downtown Rescue Mission Inc.
1400 Evangel Drive NW
Huntsville, AL 35816

Website: www.downtownrescuemission.org

Phone: (256) 536-2441

Email: [email protected]


Organization details

EIN: 630735295

CEO/President: Keith Overholt

Chairman: Fred Fagan

Board size: 19

Founder: Rev. Bobby LeCroy

Ruling year: 1979

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 1994


Purpose

More than emergency meals and shelter, we work to bring lasting change to homeless lives and long-term hope to our community.


Mission statement

Our mission is to serve homeless people throughout northern Alabama and southern Tennessee by providing Christ-filled care to those in desperate need.


Statement of faith

We believe there is one God, eternal, existing as Father, Son and Holy Spirit.

We believe the Bible to be God's Word inspired by the Holy Spirit.

We believe that man was created in the image of God, holy and innocent, but in his fallen state is in need of salvation.

We believe that Jesus Christ is God, born of a virgin. He gave His life on the Cross where He, Who knew no sin, was made sin for us; He was buried and rose again from the dead and ascended into heaven and is coming again.

We believe that we are saved by grace through faith, apart from works, that the sinner who repents and personally accepts the finished work of Christ on the Cross becomes a child of God, is made a new creature, and is indwelt by the Holy Spirit.

We believe that Jesus Christ is coming again for His church, to establish His Kingdom on earth, to judge the wicked and to dwell with the saints of God forever.

We believe that through preaching, teaching and ministering, the Downtown Rescue Mission must use all of its resources and activities to bring people under the power of the Gospel, that they may have victory over sin, come into fellowship with God and live a Spirit filled, fruitful life.

We believe marriage is a holy matrimony ordained by God between a man and a woman.

Donor confidence score

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Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating641 of 110484 of 140
Fund acquisition rating657 of 110588 of 140
Resource allocation rating400 of 110547 of 140
Asset utilization rating748 of 1104103 of 140

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%13%12%12%12%10%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
10%13%12%12%12%10%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
93%99%99%99%100%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
11%14%13%12%11%10%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
7%1%1%1%0%0%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%82%83%85%86%88%
Spending ratio Spending ratio =
Total expenses /
Total revenue
89%93%90%101%105%108%
Program output ratio Program output ratio =
Program services /
Total revenue
70%77%75%85%90%95%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
11%7%10%-1%-5%-8%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
7%7%11%-1%-5%-4%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%4%4%3%3%2%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.570.640.670.660.33
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.7113.5913.2112.4012.631.68
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.687.788.408.358.330.55
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.913.942.795.173.6443.73
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.250.360.190.270.02
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.461.150.921.161.0521.41
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%39%33%37%38%35%
Debt ratio Debt ratio =
Debt /
Total assets
1%30%21%26%26%25%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
160%106%105%93%94%198%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$1,228,620$1,071,267$991,964$517,467$648,235
Receivables, inventories, prepaids$50,073$44,336$130,748$604,566$979,979
Short-term investments$0$0$0$0$6,895,841
Other current assets$0$0$0$0$0
Total current assets$1,278,693$1,115,603$1,122,712$1,122,033$8,524,055
Long-term investments$0$0$0$0$0
Fixed assets$10,308,500$7,824,892$7,028,175$7,268,498$0
Other long-term assets$5,794,664$5,797,278$5,774,991$5,777,768$5,779,799
Total long-term assets$16,103,164$13,622,170$12,803,166$13,046,266$5,779,799
Total assets$17,381,857$14,737,773$13,925,878$14,168,299$14,303,854
 
Liabilities20222021202020192018
Payables and accrued expenses$324,619$399,659$217,144$308,174$194,940
Other current liabilities$0$0$0$0$0
Total current liabilities$324,619$399,659$217,144$308,174$194,940
Debt$5,153,000$3,142,943$3,593,605$3,721,394$3,546,561
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$1,334,565$1,389,565$1,375,346$1,344,718$1,314,726
Total long-term liabilities$6,487,565$4,532,508$4,968,951$5,066,112$4,861,287
Total liabilities$6,812,184$4,932,167$5,186,095$5,374,286$5,056,227
 
Net assets20222021202020192018
Without donor restrictions$10,455,389$9,805,606$8,739,783$4,259,194$4,443,350
With donor restrictions$114,284$0$0$4,534,819$4,804,277
Net assets$10,569,673$9,805,606$8,739,783$8,794,013$9,247,627
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$10,578,854$10,381,519$9,244,530$8,857,014$4,324,171
Program service revenue$74,239$59,920$76,993$32,020$17,865
Membership dues$0$0$0$0$0
Investment income$663$0$0$0$0
Other revenue$38,958$0$0$0$0
Total other revenue$113,860$59,920$76,993$32,020$17,865
Total revenue$10,692,714$10,441,439$9,321,523$8,889,034$4,342,036
 
Expenses20222021202020192018
Program services$8,186,328$7,794,808$7,951,719$8,009,754$4,113,564
Management and general$411,137$356,292$305,062$296,192$103,715
Fundraising$1,354,296$1,224,516$1,118,972$1,036,702$450,617
Total expenses$9,951,761$9,375,616$9,375,753$9,342,648$4,667,896
 
Change in net assets20222021202020192018
Surplus (deficit)$740,953$1,065,823($54,230)($453,614)($325,860)
Other changes in net assets$0$0$0$0$0
Total change in net assets$740,953$1,065,823($54,230)($453,614)($325,860)

Compensation

NameTitleCompensation
Keith OverholtCEO$142,588

Compensation data as of: 6/30/2022


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 1/1/2024. To update the information below, please email: [email protected]


History


Program accomplishments

Last year alone, your generosity provided thousands of daily meals and nightly lodging.
99,404 lodging provided
371,560 meals served
3,146 food boxes


Needs