New Life Center Foundation

Summary

New Life Center helps people who are homeless and hurting go from merely surviving to truly thriving.


Contact information

Mailing address:
New Life Center Foundation
PO Box 1067
Fargo, ND 58107

Website: fargonlc.org

Phone: 701-235-4453

Email: connect@fargonlc.org


Organization details

EIN: 263074998

CEO/President: Rob Swiers

Chairman: Robert Remark

Board size: 9

Founder:

Year founded: 2008

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: No

Member of ECFA since:


Purpose

Our aim is to help the homeless discover value and find hope.


Mission statement

To minister to the needy in the greater Fargo-Moorhead area by providing for the physical and spiritual needs of the needy directly and through the supporting grants to the FUM.


Statement of faith

Transparency grade

D

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating695 of 725143 of 145
Fund acquisition rating726 of 726145 of 145
Resource allocation rating726 of 726145 of 145
Asset utilization rating389 of 72594 of 145

Financial ratios

Funding ratiosSector median20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%0%0%0%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%0%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
90%-742%16%47%42%53%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
9%0%0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
10%842%84%53%58%47%
 
Operating ratiosSector median20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%96%90%98%100%99%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%-4734%37%75%629%52%
Program output ratio Program output ratio =
Program services /
Total revenue
76%-4540%33%73%627%51%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%4834%63%25%-529%48%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-20%6%1%-18%3%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%4%10%2%0%1%
 
Investing ratiosSector median20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.620.190.030.040.210.03
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.931.001.001.001.001.00
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.500.190.030.040.210.03
 
Liquidity ratiosSector median20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.610.000.000.000.000.00
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.000.000.000.000.00
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.2462.02365.63280.2056.38379.59
 
Solvency ratiosSector median20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%0%0%0%0%0%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
144%517%3047%2335%470%3163%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$64,426$169,120$104,432$52,740$151,389
Receivables, inventories, prepaids$0$0$0$0$0
Short-term investments$2,364,596$2,739,819$2,640,802$2,652,806$3,054,518
Other current assets$0$0$0$0$0
Total current assets$2,429,022$2,908,939$2,745,234$2,705,546$3,205,907
Long-term investments$0$0$0$0$0
Fixed assets$0$0$0$0$0
Other long-term assets$0$0$0$0$0
Total long-term assets$0$0$0$0$0
Total assets$2,429,022$2,908,939$2,745,234$2,705,546$3,205,907
 
Liabilities20182017201620152014
Payables and accrued expenses$0$0$0$0$0
Other current liabilities$0$0$0$0$0
Total current liabilities$0$0$0$0$0
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$0$0$0$0
Total liabilities$0$0$0$0$0
 
Net assets20182017201620152014
Unrestricted$2,215,871$2,768,829$2,642,927$2,670,103$3,205,907
Temporarily restricted$0$0$0$0$0
Permanently restricted$213,151$140,110$102,307$35,443$0
Net assets$2,429,022$2,908,939$2,745,234$2,705,546$3,205,907
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$73,672$42,187$74,533$38,121$102,855
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income($83,600)$216,989$82,724$53,409$92,385
Other revenue$0$0$0$0$0
Total other revenue($83,600)$216,989$82,724$53,409$92,385
Total revenue($9,928)$259,176$157,257$91,530$195,240
 
Expenses20182017201620152014
Program services$450,743$85,727$115,319$573,679$100,000
Management and general$19,246$9,744$2,250$2,151$1,348
Fundraising$0$0$0$0$0
Total expenses$469,989$95,471$117,569$575,830$101,348
 
Change in net assets20182017201620152014
Surplus (deficit)($479,917)$163,705$39,688($484,300)$93,892
Other changes in net assets$0$0$0$0$0
Total change in net assets($479,917)$163,705$39,688($484,300)$93,892

Compensation

NameTitleCompensation
Rob SwiersSecretary$105,590

Compensation data as of: 12/31/2018


Response from ministry

No response has been provided by this ministry.


History

Founded as the Glad Tidings Mission, New Life Center has evolved from an organization that primarily conducted religious services and neighborhood outreach work to a Christian multi-faceted emergency and crisis service center.


Program accomplishments


Needs