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
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 | | 652 of 1102 | 78 of 139 |
| Fund acquisition rating | | 521 of 1103 | 64 of 139 |
| Resource allocation rating | | 646 of 1103 | 74 of 139 |
| Asset utilization rating | | 645 of 1102 | 90 of 139 |
Financial ratios
| Funding ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 12% | 11% | 13% | 12% | 12% | 12% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 10% | 11% | 13% | 12% | 12% | 12% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 93% | 99% | 99% | 99% | 99% | 100% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 11% | 14% | 14% | 13% | 12% | 11% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 7% | 1% | 1% | 1% | 1% | 0% |
| Operating ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Program expense ratio Program expense ratio = Program services / Total expenses | 78% | 77% | 82% | 83% | 85% | 86% |
Spending ratio Spending ratio = Total expenses / Total revenue | 93% | 79% | 93% | 90% | 101% | 105% |
Program output ratio Program output ratio = Program services / Total revenue | 73% | 61% | 77% | 75% | 85% | 90% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 7% | 21% | 7% | 10% | -1% | -5% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 5% | 22% | 7% | 11% | -1% | -5% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 9% | 9% | 4% | 4% | 3% | 3% |
| Investing ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.53 | 0.55 | 0.57 | 0.64 | 0.67 | 0.66 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.86 | 7.74 | 13.59 | 13.21 | 12.40 | 12.63 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.74 | 4.25 | 7.78 | 8.40 | 8.35 | 8.33 |
| Liquidity ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Current ratio Current ratio = Total current assets / Total current liabilities | 11.62 | 6.61 | 3.94 | 2.79 | 5.17 | 3.64 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.08 | 0.15 | 0.25 | 0.36 | 0.19 | 0.27 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.06 | 2.40 | 1.15 | 0.92 | 1.16 | 1.05 |
| Solvency ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 8% | 34% | 39% | 33% | 37% | 38% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 25% | 30% | 21% | 26% | 26% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 153% | 120% | 106% | 105% | 93% | 94% |
Financials
| Balance sheet | |||||
| Assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Cash | $1,982,057 | $1,228,620 | $1,071,267 | $991,964 | $517,467 |
| Receivables, inventories, prepaids | $663,390 | $50,073 | $44,336 | $130,748 | $604,566 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $2,645,447 | $1,278,693 | $1,115,603 | $1,122,712 | $1,122,033 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $16,530,666 | $10,308,500 | $7,824,892 | $7,028,175 | $7,268,498 |
| Other long-term assets | $1,310,018 | $5,794,664 | $5,797,278 | $5,774,991 | $5,777,768 |
| Total long-term assets | $17,840,684 | $16,103,164 | $13,622,170 | $12,803,166 | $13,046,266 |
| Total assets | $20,486,131 | $17,381,857 | $14,737,773 | $13,925,878 | $14,168,299 |
| Liabilities | 2023 | 2022 | 2021 | 2020 | 2019 |
| Payables and accrued expenses | $400,180 | $324,619 | $399,659 | $217,144 | $308,174 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $400,180 | $324,619 | $399,659 | $217,144 | $308,174 |
| Debt | $5,033,287 | $5,153,000 | $3,142,943 | $3,593,605 | $3,721,394 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $1,554,809 | $1,334,565 | $1,389,565 | $1,375,346 | $1,344,718 |
| Total long-term liabilities | $6,588,096 | $6,487,565 | $4,532,508 | $4,968,951 | $5,066,112 |
| Total liabilities | $6,988,276 | $6,812,184 | $4,932,167 | $5,186,095 | $5,374,286 |
| Net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Without donor restrictions | $13,254,235 | $10,455,389 | $9,805,606 | $8,739,783 | $4,259,194 |
| With donor restrictions | $243,620 | $114,284 | $0 | $0 | $4,534,819 |
| Net assets | $13,497,855 | $10,569,673 | $9,805,606 | $8,739,783 | $8,794,013 |
| Revenues and expenses | |||||
| Revenue | 2023 | 2022 | 2021 | 2020 | 2019 |
| Total contributions | $14,050,292 | $10,578,854 | $10,381,519 | $9,244,530 | $8,857,014 |
| Program service revenue | $92,116 | $74,239 | $59,920 | $76,993 | $32,020 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $720 | $663 | $0 | $0 | $0 |
| Other revenue | $22,253 | $38,958 | $0 | $0 | $0 |
| Total other revenue | $115,089 | $113,860 | $59,920 | $76,993 | $32,020 |
| Total revenue | $14,165,381 | $10,692,714 | $10,441,439 | $9,321,523 | $8,889,034 |
| Expenses | 2023 | 2022 | 2021 | 2020 | 2019 |
| Program services | $8,653,623 | $8,186,328 | $7,794,808 | $7,951,719 | $8,009,754 |
| Management and general | $1,066,035 | $411,137 | $356,292 | $305,062 | $296,192 |
| Fundraising | $1,520,781 | $1,354,296 | $1,224,516 | $1,118,972 | $1,036,702 |
| Total expenses | $11,240,439 | $9,951,761 | $9,375,616 | $9,375,753 | $9,342,648 |
| Change in net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Surplus (deficit) | $2,924,942 | $740,953 | $1,065,823 | ($54,230) | ($453,614) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $2,924,942 | $740,953 | $1,065,823 | ($54,230) | ($453,614) |
Compensation
| Name | Title | Compensation |
| Keith Overholt | CEO | $155,683 |
Compensation data as of: 6/30/2023
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