Wichita Falls Faith Mission

The information on this page was last updated 10/11/2022. If you see errors or omissions, please email: [email protected]


Summary

Faith Mission provides meals, clothing, shelter, programs and services for men and families. Faith Refuge provides meals, clothing, shelter, programs and services for women and children. With compassion and grace, we are here to help those in need re-build their lives. With Jesus as our example and the Bible as our guide we seek to empower men and women through spiritual, professional and educational growth programs in a faith-based atmosphere.


Contact information

Mailing address:
Wichita Falls Faith Mission
PO Box 965
Wichita Falls, TX 76307

Website: faithmissionwf.org

Phone: 940-723-5663

Email: [email protected]


Organization details

EIN: 751779401

CEO/President: Steve Sparks

Chairman: Brian Blair

Board size: 11

Founder: Reverend Dick Hogan

Ruling year: 1981

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2018


Purpose

Our vision is to eliminate homelessness.


Mission statement

Our mission is to provide Christ-centered programs and services that lead the homeless toward self-sufficiency.

This is accomplished through collaborative efforts with the community, unique social service programs, volunteers, staff, and a strong Board of Directors. We serve the homeless through two shelters, Faith Mission and Faith Refuge. All services are made possible through the generosity of individuals, churches, businesses, and foundations. Faith Resale & Donation Center also returns profits to help with operating expenses of both shelters.


Statement of faith

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 rating297 of 107748 of 144
Fund acquisition rating310 of 107836 of 144
Resource allocation rating174 of 107823 of 144
Asset utilization rating727 of 1077109 of 144

Financial ratios

Funding ratiosSector median20212020201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%6%8%8%9%10%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%6%7%7%9%10%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
93%94%87%93%96%95%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
10%7%8%8%9%10%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
7%6%13%7%4%5%
 
Operating ratiosSector median20212020201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%87%86%85%84%83%
Spending ratio Spending ratio =
Total expenses /
Total revenue
84%87%89%89%95%99%
Program output ratio Program output ratio =
Program services /
Total revenue
67%76%77%76%80%83%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
16%13%11%11%5%1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
13%7%6%5%2%0%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%6%6%7%7%7%
 
Investing ratiosSector median20212020201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.560.430.460.420.420.41
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.643.393.974.856.424.83
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.591.451.812.062.701.99
 
Liquidity ratiosSector median20212020201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.9314.6717.0615.3512.9719.35
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.070.060.070.080.05
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.377.706.245.454.105.72
 
Solvency ratiosSector median20212020201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
7%2%3%2%3%3%
Debt ratio Debt ratio =
Debt /
Total assets
1%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
153%228%214%230%231%235%

Financials

Balance sheet
 
Assets20212020201920182017
Cash$1,726,691$1,335,008$1,018,714$729,281$955,626
Receivables, inventories, prepaids$57,234$78,626$65,707$50,477$63,308
Short-term investments$0$0$450$500$0
Other current assets$0$0$0$0$0
Total current assets$1,783,925$1,413,634$1,084,871$780,258$1,018,934
Long-term investments$0$0$0$0$0
Fixed assets$4,256,798$4,181,229$4,123,381$4,168,794$3,849,833
Other long-term assets$3,356$20,054$53,671$60,527$54,909
Total long-term assets$4,260,154$4,201,283$4,177,052$4,229,321$3,904,742
Total assets$6,044,079$5,614,917$5,261,923$5,009,579$4,923,676
 
Liabilities20212020201920182017
Payables and accrued expenses$121,567$82,869$70,675$60,156$52,658
Other current liabilities$0$0$0$0$0
Total current liabilities$121,567$82,869$70,675$60,156$52,658
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$17,607$68,802$52,180$76,007$100,264
Total long-term liabilities$17,607$68,802$52,180$76,007$100,264
Total liabilities$139,174$151,671$122,855$136,163$152,922
 
Net assets20212020201920182017
Without donor restrictions$5,751,459$5,388,177$5,081,881$4,817,212$4,715,533
With donor restrictions$153,446$75,069$57,187$56,204$55,221
Net assets$5,904,905$5,463,246$5,139,068$4,873,416$4,770,754
 
Revenues and expenses
 
Revenue20212020201920182017
Total contributions$2,782,834$2,517,992$2,323,906$2,131,096$1,932,174
Program service revenue$18,338$56,240$9,535$0$0
Membership dues$0$0$0$0$0
Investment income($12,752)($24,480)$10,061$13,693$8,014
Other revenue$185,220$332,483$154,112$64,481$102,246
Total other revenue$190,806$364,243$173,708$78,174$110,260
Total revenue$2,973,640$2,882,235$2,497,614$2,209,270$2,042,434
 
Expenses20212020201920182017
Program services$2,263,517$2,205,637$1,901,480$1,759,793$1,691,494
Management and general$150,140$146,320$149,970$147,221$136,556
Fundraising$175,468$206,100$180,512$199,594$198,687
Total expenses$2,589,125$2,558,057$2,231,962$2,106,608$2,026,737
 
Change in net assets20212020201920182017
Surplus (deficit)$384,515$324,178$265,652$102,662$15,697
Other changes in net assets$0$0$0$0$0
Total change in net assets$384,515$324,178$265,652$102,662$15,697

Compensation

NameTitleCompensation
Steve SparksExecutive Director$68,992

Compensation data as of: 6/30/2021


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 10/11/2022. To update the information below, please email: [email protected]


History

1958 - Our First Shelter Opened

"God Will Move Into New Mission" declared newspaper man Glenn Shelton on April 14, 1958. Reverend Dick Hogan stepped out in faith to open a homeless shelter without any capital to fund the ministry. In 1958 Faith City Mission came into being on 7th and Ohio St., Wichita Falls, above Hornsby Heavy Hardware. The ministry was a branch effort of a mission with the same name in Amarillo, Texas. In the beginning, ministry was only for transient men. Rev. Dick and Bee Hogan, the founders of both the Amarillo and Wichita Falls missions, personally worked at the Ohio street facility in its early years. The sign above the door told struggling people, "If you are hungry, do not beg or steal. Come eat with us."

1963 - Start Running Out of Room...

In 1963, the mission's leaders realized there were no rooms to meet the needs of families. The leaders started praying and developing plans to increase the services to minister to families. In 1967 Rev. Jim Cook becomes the superintendent. Mr. Cook helped expansion of Faith City Mission.

1963 - Purchased the old Lamar Baptist Church

1988 - Faith Mission Shelter Opens

As programs and services grew, it became evident a larger facility was needed and property was purchased at our current location on Travis Street and construction began. The current Faith Mission shelter at 1300 Travis Street opened on May 23, 1988.

1988 - Addiction Recovery Programs Offered

As a result of the increased space and increasing donations, the ministry was able to provide a new addiction program called Overcomers Recovery Program. The mission started combating homelessness by offering this recovery program. The recovery program continues this day under the name New Beginnings.

2008 - Opening of Faith Resale!

In 2008, we opened our Faith Resale and Donation Center, so people can shop knowing that their purchases and donations will help to end homelessness!

2012 - 2nd Shelter Opens for Women & Families: Faith Refuge

To address the needs of the growing number of homeless women and families, a second shelter was added. Faith Refuge opened on May 7, 2012 with 17 women and seven children moving in. This new $4.4 million facility is located at 710 E. Hatton Rd. and was built debt free with the support of local partnerships and friends across the nation. Above all, the Faith team gives God the glory for providing the resources to complete the new shelter.

2018 - Opened Transitional House for Men

The Transitional Supportive Housing Program was established to provide an additional step toward self-sufficiency for our Program graduates. The program includes up to one year of transitional support, low cost rent, on-going case management, weekly meetings, structure and accountability, and an opportunity to grow in relational skills while sharing in the house governance.

2019 - Opened Transitional House for Women


Program accomplishments

123,362 meals served
16,432 beds of shelter for men
13,988 beds of shelter for women
5,675 beds of shelter for children


Needs

Your Gift to Wichita Falls Faith Mission helps shelter, feed, and provide hope for the homeless.