Market Street Mission

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 6/7/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

The Market Street Mission ministers to the homeless, helpless and hopeless in Northern NJ through a structured recovery program. Many of the men, women and children who come here need immediate care, like food, a bed or a new pair of shoes. We offer them help for today with hot meals and stays in our shelter, as well as clothing, showers and other critical needs to help them get back on their feet. Our hearts break for the many men who are struggling with an addiction, chronic homelessness, unemployment and mental illness. We offer them help for tomorrow with our Life Change Program, our 8-12 month residential treatment program that's designed to offer a "hand up" rather than a "hand out." Through the healing they experience in classes, counseling, work therapy and Bible study, they can return to independent, stable lives as victors in Christ over their struggles.


Contact information

Mailing address:
Market Street Mission
9 Market St
Morristown, NJ 07960

Website: www.marketstreet.org

Phone: (973) 538-6337

Email: shelter@marketstreet.org


Organization details

EIN: 226047486

CEO/President: G. David Scott

Chairman: Albert W. Rice

Board size: 11

Founder: Mrs. Louisa Graves Owen

Year founded: 1951

Tax deductible: Yes

Fiscal year end: 09/30

Member of ECFA: Yes

Member of ECFA since: 1987


Purpose

The Market Street Mission cares for immediate needs today and long-term needs for a stable, independent tomorrow. Our vision is to empower hurting people to rebuild their lives through the power of Jesus Christ. With His love guiding them, and with a strong community of believers surrounding them, we believe they will claim victory over their struggles.


Mission statement

Our mission at Market Street is to surround our homeless, hungry and those struggling with addiction with God's love and everything they need to get back on their feet - food and shelter, counseling and job training, spiritual guidance and Bible study - to live stable, productive lives in our community.


Statement of faith

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating864 of 938148 of 160
Fund acquisition rating916 of 940159 of 160
Resource allocation rating895 of 940153 of 160
Asset utilization rating407 of 93884 of 160

Financial ratios

Funding ratiosSector median2020201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%36%35%35%34%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%28%27%27%26%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%77%77%77%77%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
10%35%31%31%30%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%23%23%23%23%
 
Operating ratiosSector median2020201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%59%61%62%61%
Spending ratio Spending ratio =
Total expenses /
Total revenue
95%80%86%88%85%
Program output ratio Program output ratio =
Program services /
Total revenue
75%47%53%55%52%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
5%20%14%12%15%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
4%13%8%7%8%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%7%8%7%9%
 
Investing ratiosSector median2020201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.580.520.520.520.48
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.761.351.411.421.49
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.240.700.740.740.72
 
Liquidity ratiosSector median2020201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.1438.4233.7432.6440.99
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.030.030.030.02
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.4516.6615.7415.6416.36
 
Solvency ratiosSector median2020201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%2%2%2%2%
Debt ratio Debt ratio =
Debt /
Total assets
1%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
141%188%187%187%205%

Financials

Balance sheet
 
Assets2020201920182017
Cash$1,143,496$965,043$1,175,059$1,045,839
Receivables, inventories, prepaids$1,049,841$557,234$462,302$438,242
Short-term investments$8,839,099$7,656,483$6,703,489$5,881,144
Other current assets$25,000$25,000$25,000$25,000
Total current assets$11,057,436$9,203,760$8,365,850$7,390,225
Long-term investments$0$0$0$0
Fixed assets$3,816,837$3,776,553$3,524,856$3,612,766
Other long-term assets$0$0$0$0
Total long-term assets$3,816,837$3,776,553$3,524,856$3,612,766
Total assets$14,874,273$12,980,313$11,890,706$11,002,991
 
Liabilities2020201920182017
Payables and accrued expenses$287,793$272,818$256,323$180,307
Other current liabilities$0$0$0$0
Total current liabilities$287,793$272,818$256,323$180,307
Debt$0$0$0$0
Due to (from) affiliates$0$0$0$0
Other long-term liabilities$0$0$0$0
Total long-term liabilities$0$0$0$0
Total liabilities$287,793$272,818$256,323$180,307
 
Net assets2020201920182017
Without donor restrictions$14,410,030$12,573,279$11,492,611$10,645,596
With donor restrictions$176,450$134,216$141,772$177,088
Net assets$14,586,480$12,707,495$11,634,383$10,822,684
 
Revenues and expenses
 
Revenue2020201920182017
Total contributions$7,458,992$6,058,725$5,413,375$4,767,436
Program service revenue$1,253,297$1,505,805$1,200,220$1,108,530
Membership dues$0$0$0$0
Investment income$753,808$125,832$286,206$264,484
Other revenue$168,586$190,907$133,554$58,656
Total other revenue$2,175,691$1,822,544$1,619,980$1,431,670
Total revenue$9,634,683$7,881,269$7,033,355$6,199,106
 
Expenses2020201920182017
Program services$4,554,857$4,181,870$3,884,722$3,223,037
Management and general$504,863$535,411$438,941$461,651
Fundraising$2,695,978$2,090,876$1,897,993$1,604,817
Total expenses$7,755,698$6,808,157$6,221,656$5,289,505
 
Change in net assets2020201920182017
Surplus (deficit)$1,878,985$1,073,112$811,699$909,601
Other changes in net assets$0$0$0$0
Total change in net assets$1,878,985$1,073,112$811,699$909,601

Compensation

Compensation data for this ministry has not been collected.


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 6/7/2021. To update the information below, please email: info@ministrywatch.com


History

Since 1889, the Market Street Mission has been helping deliver people from actual or impending calamity by using the good news of Christ.

Mrs. Louisa Graves Owen, the wife of Rev. Dr. F.W. Owen, had been holding women's Bible study classes in her home. When she realized that almost all the husbands of the wives in her classes were alcoholics, she and her husband rented the building at 9 Market Street to set up a residential program for alcoholic men. At that time, Market Street was known as Rum Alley or Rum Lane because of all the bars and saloons on the street.

The Market Street Mission opened its doors at 9 Market Street on March 18, 1889. From the beginning, the Market Street Mission provided meals, lodging, clothing and temporary employment for homeless men. The South Street Presbyterian Church supported the organization of the Mission in an effort to reach people who were not regularly attending area churches.

On that first night George Redding, aged 61, became the Mission's first convert...

For the next five years until his death, he testified almost nightly that God had saved him from "rum, beer, cider, and opium."

In its early years the Mission held day and night meetings for men, women, and children. These meetings were the central events of the Mission. But other programs included two ice water fountains, jail ministry, family visits, and children's activities.

In November of 1892, the Mission added a reading room which was open to all. Beginning in 1897, men could come to the Market Street Mission to find temporary work at the wood yard. The Mission gave away little in the way of meals and lodgings; men worked for their room and board. If a man drank, he could be paid on orders to a local merchant so that his family could benefit from his earnings.

A Gospel Wagon (a two-horse truck), added in 1898, facilitated outdoor meetings which were held all over Morris County. Total attendance at meetings in 1898 was 31,820.

On February 2, 1898, a fire destroyed the Mission's rented quarters. They set up temporary quarters across the street, however, and did not miss one meeting. The Mission then built a new building on the original site, which was opened on November 21, 1898.

A Christ-centered message and hard work have always been central components of the Market Street Mission's recovery programs.

Another important aspect of our service to the community is to respond to the needs of the people. During 1926, a series of explosions at the Picatinny Arsenal left many families without shelter or clothing. The Market Street Mission helped provide shelter and care for those displaced after that disaster.

During the Great Depression, the Mission responded to the overwhelming needs of the people in and around Morristown by greatly expanding the services it provided.

The Industrial Department (now known as the Thrift Store) was added in the 1930's. Just as is the case today, household articles and clothing were picked up then sold in the Thrift Store. The operation was so successful that it became self-supporting within two months. It also provided much-needed jobs during a time of unprecedented unemployment.

The Mission officially ended its affiliation with the Presbyterian Church in 1933. In 1971, the George Street building, which now houses the Thrift Store, was opened to house the Industrial Department. During the 1970's, the Mission became home to the Morris County Social Detoxification Center for men and women, and also hosted a coffee house called One Way Coffee House where young people could come for food, coffee, and informal counseling on Friday and Saturday nights. Over the years, the men in our program have gotten younger: the average age of a resident in 1965 was 55, 45 in 1975 and in the late 20's or early 30's today.

Our men's recovery program curriculum remained the same for almost 100 years. Over the last few decades, however, we have added new alcohol and drug treatment strategies to our residential recovery program. Today, our program targets whole life recovery, addressing the spiritual, physical and emotional needs of our guests. This holistic approach has led to greater long-term success for our graduates.

Over the years, we added a Career Education Center where men can learn computer skills in a professional atmosphere. Counseling offices were added to provide a confidential setting for sharing and growth, and classes were added where men can learn new life skills in a comfortable and structured setting. Our services continued to grow, and space became a premium.

In 1994, extensive renovations to the building at 9 Market Street were made. However, problems of space continued to compromise the Mission's programs.

In 2001, the Mission opened a new facility at 10 Bank Street to accommodate our expanding services. It now houses the Career Education Center, additional counseling offices, a recreation & exercise floor, a kitchen pantry facility, a shelter for transitional guests and the Mission's administrative offices.

In 2017 we renovated once again and opened an outpatient counseling center available to the community at large.

In 2021, the Mission expanded its ministry to a new Sussex County location, opening a 14-bed hospitality room with meals for homeless men in Newton.


Program accomplishments

Thanks to the generous support of our community, each year, Market Street Mission has the opportunity to serve more than 90,000 meals to homeless and underprivileged individuals; provide over 30,000 shelter nights of care to men at our Emergency Shelter and residents in our Life Change Program; and graduate 60 men from our Life Change Program


Needs