Bridgeport Rescue Mission

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 7/21/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Bridgeport Rescue Mission demonstrates the love of God to hungry, homeless, and addicted people in Coastal Connecticut, 24 hours a day, 365 days a year. Bridgeport Rescue Mission is incorporated in Connecticut as a non-profit corporation. We are governed by an independent board of directors.


Contact information

Mailing address:
Bridgeport Rescue Mission
PO Box 9057
Bridgeport, CT 06601-9057

Website: bridgeportrescuemission.org

Phone: 203-333-4087

Email: info@bridgeportrescuemission.org


Organization details

EIN: 061362705

CEO/President: Edward H. Morgan Jr.

Chairman: Paul Hiller

Board size: 16

Founder: Jim and Tammy Watson

Year founded: 1994

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2011


Purpose

To excel in providing food, shelter, clothing, education, job training and counseling to neighbors in need. The Mission exists to change lives! Through God's grace and the generosity of our donors, we provide nourishing meals, safe and clean shelter, addiction recovery programs, as well as clothing, groceries, and job-skills training, to those grappling with real-life challenges. For me, one of the most precious things is to see people who are desperate begin to transform, to dream again.

At the Mission, our team works to empower those who are suffering and marginalized by participating in the transforming work God is doing in our midst. The needs in Coastal Connecticut are only growing, and the Mission is determined to fight poverty from the inside out in the days to come.


Mission statement

To fight poverty from the inside out by embracing people with the compassion of Christ, offering hope and healing for a changed life.


Statement of faith

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating623 of 940113 of 160
Fund acquisition rating487 of 94286 of 160
Resource allocation rating686 of 942119 of 160
Asset utilization rating477 of 94095 of 160

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%10%13%19%21%21%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%10%13%19%21%21%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%100%100%101%100%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
10%17%18%20%22%22%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%0%0%-1%0%0%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%73%71%69%68%69%
Spending ratio Spending ratio =
Total expenses /
Total revenue
95%62%70%95%98%96%
Program output ratio Program output ratio =
Program services /
Total revenue
75%45%49%65%66%67%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
5%38%30%5%2%4%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
4%45%56%12%5%9%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%10%11%11%11%9%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.580.520.872.042.142.10
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.764.642.642.843.983.80
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.242.432.295.798.517.96
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.142.239.115.433.635.36
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.450.110.180.280.19
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.452.714.671.691.021.23
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%29%32%16%7%7%
Debt ratio Debt ratio =
Debt /
Total assets
1%19%28%9%0%1%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
141%136%78%41%43%44%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$629,282$1,043,903$686,231$317,612$405,916
Receivables, inventories, prepaids$2,035,163$1,654,611$203,803$249,804$155,442
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$2,664,445$2,698,514$890,034$567,416$561,358
Long-term investments$0$0$0$0$0
Fixed assets$9,502,453$4,228,004$1,433,504$1,496,306$1,387,834
Other long-term assets$195,726$198,719$200,218$194,286$182,848
Total long-term assets$9,698,179$4,426,723$1,633,722$1,690,592$1,570,682
Total assets$12,362,624$7,125,237$2,523,756$2,258,008$2,132,040
 
Liabilities20202019201820172016
Payables and accrued expenses$1,197,492$296,261$163,778$156,234$104,732
Other current liabilities$0$0$0$0$0
Total current liabilities$1,197,492$296,261$163,778$156,234$104,732
Debt$2,332,160$1,999,360$229,360$0$20,000
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$10,000$34,000
Total long-term liabilities$2,332,160$1,999,360$229,360$10,000$54,000
Total liabilities$3,529,652$2,295,621$393,138$166,234$158,732
 
Net assets20202019201820172016
Without donor restrictions$2,770,042$1,954,573$1,790,618$1,813,015$1,625,828
With donor restrictions$6,062,930$2,875,043$340,000$278,759$347,480
Net assets$8,832,972$4,829,616$2,130,618$2,091,774$1,973,308
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$10,497,100$8,876,477$5,449,584$4,929,900$4,639,436
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$2,175$5,169($4,523)$0$2,618
Other revenue($6,204)($4,354)($26,884)$7,288$6,891
Total other revenue($4,029)$815($31,407)$7,288$9,509
Total revenue$10,493,071$8,877,292$5,418,177$4,937,188$4,648,945
 
Expenses20202019201820172016
Program services$4,724,221$4,369,253$3,541,787$3,263,867$3,103,009
Management and general$667,169$676,964$557,814$515,440$384,192
Fundraising$1,095,332$1,130,578$1,056,304$1,050,853$979,613
Total expenses$6,486,722$6,176,795$5,155,905$4,830,160$4,466,814
 
Change in net assets20202019201820172016
Surplus (deficit)$4,006,349$2,700,497$262,272$107,028$182,131
Other changes in net assets$0$0$0$0$0
Total change in net assets$4,006,349$2,700,497$262,272$107,028$182,131

Compensation

NameTitleCompensation
Frank WilliamsCFO (part year), CEO$156,260
Michael CobbDirector of Operations$137,064
Rev Terence WilcoxChief Executive Officer (part year)$133,761

Compensation data as of: 6/30/2020


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 7/21/2021. To update the information below, please email: info@ministrywatch.com


History

1993 - Jim and Tammy Watson establish Bridgeport Rescue Mission. They cook meals in local church kitchens and distribute them from the back of their station wagon. Jim tells the people about God's love and transforming power while Tammy sings gospel songs along with a karaoke machine.

1996 - The Mission converts an old RV into a Mobile Kitchen. Staff and volunteers distribute food and offer prayer to hungry men, women, and children. Later that year, the Mission acquires the Fanny Crosby Memorial Home on Fairfield Avenue and relocates its men's shelter there.

1997 - The Mission establishes an addiction recovery program for women.

1999 - Rev. Mickey Kalman becomes Executive Director, creating physical fitness programs, adult education, and 12-step support programs for men and women wanting to be free of addictions.

2002 - Rev. Terry Wilcox becomes Executive Director. He and his staff develop recovery services into the New Life Program.

2007 - The Mission purchases and renovates a three-story Victorian house on Barnum Avenue to open a shelter for homeless women. (Today this is the Women's Center for those in the New Life Program.)

2008 - The Mission distributes 81 turkeys from their Main Campus during the holiday season. As the recession of 2008 bears down on the working poor and homeless, the Mission works to meet alarming increases in need, while also ensuring income levels meet the needs.

2011 - The Board of Directors approves a strategic plan that includes expanding services to South Norwalk, where there are significant unmet needs, especially among children. Mobile Kitchens begin delivering meals to impoverished neighborhoods. Grace Baptist Church helps distribute coats, turkeys, and Pantry Bags.

2013 - The Mission expands and enhances programs to meet the needs of single mothers. The Mission acquires Bethel Recovery Center, today known as the Guest House for Women and Children, to provide emergency shelter, food, and clothing to vulnerable community members. Due to increased needs, the Mission provides turkeys, fixings, and coats to more than 3,000 families, and names this outreach Great ThanksGiving Project.

2017 - The Mission launches Supportive Housing Programs for men and women, providing graduates of the New Life Program transitional housing, case management, and in-house apprenticeships to ease the transition into independent living.

2019 - The Mission, with the generous donations of partners, purchase the nursing home at 725 Park Avenue, to be poised to meet the expanding needs in Coastal Connecticut.

2020 - Pantry services move to Park Avenue, while building renovations continue on upper floors so that more Mission programs and essential Human Services may be housed under one roof.


Program accomplishments

655,626 meals provided annually

40,880 nights of safe housing annually

91 people in recovery programs annually


Needs