New Life Center Foundation

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 12/28/2020. To update the information in this column, please email: info@ministrywatch.com


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 rating231 of 91352 of 160
Fund acquisition rating250 of 91539 of 160
Resource allocation rating227 of 91541 of 160
Asset utilization rating521 of 913108 of 160

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%1%0%0%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
9%1%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%38%16%-742%16%47%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
10%0%0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%62%84%842%84%53%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%84%85%96%90%98%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%129%192%-4734%37%75%
Program output ratio Program output ratio =
Program services /
Total revenue
76%108%163%-4540%33%73%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%-29%-92%4834%63%25%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-1%-1%-20%6%1%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%16%15%4%10%2%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.580.050.020.190.030.04
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.761.001.001.001.001.00
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.260.050.020.190.030.04
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.190.000.000.000.000.00
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)
4.45258.11531.6262.02365.63280.20
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%0%0%0%0%0%
Debt ratio Debt ratio =
Debt /
Total assets
1%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
141%2151%4430%517%3047%2335%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$64,672$100,581$64,426$169,120$104,432
Receivables, inventories, prepaids$0$0$0$0$0
Short-term investments$2,643,016$2,549,299$2,364,596$2,739,819$2,640,802
Other current assets$0$0$0$0$0
Total current assets$2,707,688$2,649,880$2,429,022$2,908,939$2,745,234
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$2,707,688$2,649,880$2,429,022$2,908,939$2,745,234
 
Liabilities20202019201820172016
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 assets20202019201820172016
Without donor restrictions$2,453,186$2,431,729$2,215,871$2,768,829$2,642,927
With donor restrictions$254,502$218,151$213,151$140,110$102,307
Net assets$2,707,688$2,649,880$2,429,022$2,908,939$2,745,234
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$36,958$5,071$73,672$42,187$74,533
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$60,539$26,021($83,600)$216,989$82,724
Other revenue$0$0$0$0$0
Total other revenue$60,539$26,021($83,600)$216,989$82,724
Total revenue$97,497$31,092($9,928)$259,176$157,257
 
Expenses20202019201820172016
Program services$105,139$50,755$450,743$85,727$115,319
Management and general$20,253$9,059$19,246$9,744$2,250
Fundraising$493$0$0$0$0
Total expenses$125,885$59,814$469,989$95,471$117,569
 
Change in net assets20202019201820172016
Surplus (deficit)($28,388)($28,722)($479,917)$163,705$39,688
Other changes in net assets$0$0$0$0$0
Total change in net assets($28,388)($28,722)($479,917)$163,705$39,688

Compensation

NameTitleCompensation
Rob SwiersSecretary$110,242

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 12/28/2020. To update the information below, please email: info@ministrywatch.com


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