Las Vegas Rescue Mission

Summary

For 50 years the Las Vegas Rescue Mission has been serving our community. From humble beginnings, the Mission has grown to become a major help in addressing the growing homeless population of Clark County. As a nonprofit Christian organization, the Mission receives no government support; we rely solely upon the compassion and support of concerned individuals, churches, corporations, and other organizations.


Contact information

Mailing address:
Las Vegas Rescue Mission
480 West Bonanza Rd
PO Box 270400
Las Vegas, NV 89106-3227

Website: vegasrescue.org

Phone: 702-382-1766

Email: contactus@vegasrescue.org


Organization details

EIN: 237222330

CEO/President: Heather Engle

Chairman: Ron McMenemy

Board size: 10

Founder: Ed Compton

Year founded: 1970

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2007


Purpose

Through effective, innovative Christian recovery programs, the Mission provides a path for those who want to escape the despair of the streets.


Mission statement

To serve those in need through food, shelter, daily needs and addiction recovery, offering hope to individuals and families through Jesus Christ.


Statement of faith

The Las Vegas Rescue Mission is committed to the foundational doctrines of the Christian faith. We consider the following doctrines to be essential:

ABOUT GOD: The existence of one God, who eternally exists in three persons: Father, Son and Holy Spirit.

ABOUT THE BIBLE: The Bible is God's Word to all men. It was written by human authors, under inspiration of the Holy Spirit. It is our sole authority for faith and practice.

ABOUT JESUS CHRIST: Jesus Christ is God's only son, born of the virgin Mary by the Holy Spirit. We affirm His Miracles, His Message, and His death on Calvary's cross. He bodily arose from the grave, sits at the right hand of God, intercedes for the Church and prepares all things for His imminent return.

ABOUT MAN: Man is made in the spiritual image of God and yet, through Adam, has become captive to sin and death. This sin separates man from God.

ABOUT SALVATION: Salvation is a gift from God to man. Salvation is by grace, through faith in the Lord Jesus Christ, apart from all works of righteousness.

ABOUT THE CHURCH: The church is the visible Body of Christ, of which Jesus is the head. The Church is commissioned to make disciples of all peoples and nations.

ABOUT THE HOLY SPIRIT: The Holy Spirit is equal with the Father and Son as God. He is present in the world to make men aware of their need for Jesus Christ. The Spirit lives in every Christian from the moment of salvation. He provides the Christian with power for living, understanding of spiritual truth, and guidance in doing what is right.

ABOUT ETERNITY: Man was created to exist forever. He will either exist eternally separated from God by sin; or in union with God through forgiveness and salvation. To be eternally separated from God is Hell. To be eternally in union with Him is eternal life.

CHRIST'S RETURN: Jesus ascended to Heaven's glory and will return again to earth to reign as King of kings, and Lord of lords.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating583 of 725125 of 145
Fund acquisition rating651 of 726138 of 145
Resource allocation rating566 of 726115 of 145
Asset utilization rating280 of 72562 of 145

Financial ratios

Funding ratiosSector median20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%23%16%15%16%20%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%20%14%15%11%14%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
90%87%90%95%71%71%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
9%19%16%14%11%14%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
10%13%10%5%29%29%
 
Operating ratiosSector median20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%73%78%80%79%80%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%106%90%106%99%99%
Program output ratio Program output ratio =
Program services /
Total revenue
76%77%70%84%78%79%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%-6%10%-6%1%1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-5%9%-5%2%1%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%9%6%6%9%6%
 
Investing ratiosSector median20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.620.660.690.830.900.85
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.936.316.296.136.457.50
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.504.164.315.115.806.34
 
Liquidity ratiosSector median20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.615.747.636.707.759.76
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.170.130.150.130.10
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.242.382.422.001.801.70
 
Solvency ratiosSector median20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%17%16%18%17%17%
Debt ratio Debt ratio =
Debt /
Total assets
0%14%14%15%15%15%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
144%125%122%98%93%99%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$889,403$826,748$970,982$1,043,848$886,295
Receivables, inventories, prepaids$152,705$308,775$99,621$38,648$29,745
Short-term investments$80,926$28,060$34,938$0$0
Other current assets$0$0$0$0$0
Total current assets$1,123,034$1,163,583$1,105,541$1,082,496$916,040
Long-term investments$0$0$0$0$0
Fixed assets$5,938,997$6,143,177$5,664,577$5,900,695$5,951,298
Other long-term assets$20,074$10,261$4,990$0$0
Total long-term assets$5,959,071$6,153,438$5,669,567$5,900,695$5,951,298
Total assets$7,082,105$7,317,021$6,775,108$6,983,191$6,867,338
 
Liabilities20182017201620152014
Payables and accrued expenses$195,752$152,451$164,943$139,728$93,876
Other current liabilities$0$0$0$0$0
Total current liabilities$195,752$152,451$164,943$139,728$93,876
Debt$1,005,364$1,003,073$1,000,000$1,025,353$1,040,663
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$30,138$48,465$66,400$2,920$5,800
Total long-term liabilities$1,035,502$1,051,538$1,066,400$1,028,273$1,046,463
Total liabilities$1,231,254$1,203,989$1,231,343$1,168,001$1,140,339
 
Net assets20182017201620152014
Unrestricted$5,357,333$5,611,457$5,543,765$5,815,190$5,726,999
Temporarily restricted$493,518$501,575$0$0$0
Permanently restricted$0$0$0$0$0
Net assets$5,850,851$6,113,032$5,543,765$5,815,190$5,726,999
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$3,839,492$5,020,662$5,103,562$4,528,373$4,150,217
Program service revenue$545,654$556,540$227,222$1,846,983$1,711,489
Membership dues$0$0$0$0$0
Investment income$905($18,615)$0$1$0
Other revenue$23,059$21,214$18,435$0$0
Total other revenue$569,618$559,139$245,657$1,846,984$1,711,489
Total revenue$4,409,110$5,579,801$5,349,219$6,375,357$5,861,706
 
Expenses20182017201620152014
Program services$3,390,668$3,903,622$4,502,973$4,979,763$4,625,815
Management and general$417,004$317,458$358,333$582,702$340,906
Fundraising$867,834$791,574$790,455$719,676$842,058
Total expenses$4,675,506$5,012,654$5,651,761$6,282,141$5,808,779
 
Change in net assets20182017201620152014
Surplus (deficit)($266,396)$567,147($302,542)$93,216$52,927
Other changes in net assets$0$0$0$0$0
Total change in net assets($266,396)$567,147($302,542)$93,216$52,927

Compensation

NameTitleCompensation
Harry E Hinderliter IIIFormer Pres/$103,327

Compensation data as of: 6/30/2018


Response from ministry

No response has been provided by this ministry.


History

LVRM was founded in 1970 by a pastor and six businessmen who had a calling to help those who were homeless and hungry. Together, they secured a tiny storefront at 414 West Bonanza Road. By God's grace, they provided sandwiches and drinks, along with mats and blankets for men to eat and sleep away from the elements.


Program accomplishments

The Las Vegas Rescue Mission (LVRM) started with a small storefront building that included the chapel, kitchen and a shelter that could house a few men. Today, LVRM campus takes up two city blocks in downtown Las Vegas, helping hundreds of men, women and their children daily, and providing approximately 30,000 meals each month.


Needs