Dream Centers of Colorado Springs

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 7/26/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Through the Women's Clinic and Mary's Home we help families exit homelessness and lead sustainable successful lives with minimal public assistance by providing holistic health, education and career resources.


Contact information

Mailing address:
Dream Centers of Colorado Springs
11025 Voyager Pkwy
Colorado Springs, CO 80921

Website: dreamcenters.com

Phone: 7192472007

Email: info@dreamcenters.com


Organization details

EIN: 274876080

CEO/President: Matthew Ayers

Chairman: Brady Boyd

Board size: 9

Founder:

Year founded: 2011

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2019


Purpose

We collaborate, provide holistic care, and balance our motives of compassion and justice in order that broken lives may be restored to wholeness.

Our Vision: We are committed to ending generational poverty and family homelessness in the Pikes Peak Region.


Mission statement

Provide health and hope for people working to rebuild their dreams.


Statement of faith

The Board of Directors and all staff at the Dream Centers of Colorado Springs affirm the Nicene Creed as their corporate Statement of Beliefs.

Nicene Creed

I believe in one God, the Father Almighty, Maker of heaven and earth, and of all things visible and invisible.

And the one Lord Jesus Christ, the only-begotten Son of God, begotten of the Father before all worlds; God of God, Light of Light, very God of very God; begotten, not made, being of one substance with the Father, by whom all things were made.

Who, for us men for our salvation came down from heaven, and was incarnate by the Holy Spirit of the virgin Mary, and was made man; and was crucified also for us under Pontius Pilate; He suffered and was buried; and they third day He rose again, according to the Scriptures' and ascended into heaven, and sits on the right hand of the Father; and He shall come again, with glory, to judge the quick and the dead; whose kingdom shall have no end.

And I believe in the Holy Ghost, the Lord and Giver of Life; who proceeds from the Father [and the Son]; who with the Father and the Son together is worshipped and glorified; who spoke by the prophets.

And I believe one holy catholic and apostolic Church, I acknowledge one baptism for the remission of sin; and I look for the resurrection of the dead, and the life of the world to come. Amen.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating634 of 938110 of 160
Fund acquisition rating363 of 94064 of 160
Resource allocation rating637 of 940108 of 160
Asset utilization rating669 of 938125 of 160

Financial ratios

Funding ratiosSector median20192017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%8%10%10%4%3%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%8%10%10%4%3%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%98%100%102%99%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
10%10%13%9%5%8%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%2%0%-2%1%0%
 
Operating ratiosSector median20192017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%76%72%73%81%84%
Spending ratio Spending ratio =
Total expenses /
Total revenue
95%81%78%104%81%37%
Program output ratio Program output ratio =
Program services /
Total revenue
75%61%56%76%65%31%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
5%19%22%-4%19%63%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
4%13%18%-2%9%45%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%14%15%17%15%8%
 
Investing ratiosSector median20192017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.580.450.620.640.390.27
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.767.463.013.643.504.49
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.243.381.862.321.351.19
 
Liquidity ratiosSector median20192017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.144.3211.566.6118.0342.32
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.230.090.150.060.02
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.452.735.904.398.409.83
 
Solvency ratiosSector median20192017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%16%3%4%2%1%
Debt ratio Debt ratio =
Debt /
Total assets
1%13%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
141%186%158%150%255%375%

Financials

Balance sheet
 
Assets20192017201620152014
Cash$348,363$706,943$586,065$574,537$396,767
Receivables, inventories, prepaids$278,063$147,374$2,835$36,325$30,460
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$626,426$854,317$588,900$610,862$427,227
Long-term investments$0$0$0$0$0
Fixed assets$4,043,948$1,721,137$1,554,805$1,528,988$1,492,824
Other long-term assets$0$0$0$0$0
Total long-term assets$4,043,948$1,721,137$1,554,805$1,528,988$1,492,824
Total assets$4,670,374$2,575,454$2,143,705$2,139,850$1,920,051
 
Liabilities20192017201620152014
Payables and accrued expenses$144,997$73,893$89,088$33,875$10,094
Other current liabilities$0$0$0$0$0
Total current liabilities$144,997$73,893$89,088$33,875$10,094
Debt$592,500$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$592,500$0$0$0$0
Total liabilities$737,497$73,893$89,088$33,875$10,094
 
Net assets20192017201620152014
Without donor restrictions$3,548,537$2,305,897$2,054,617$2,104,732$1,909,957
With donor restrictions$384,340$195,664$0$1,243$0
Net assets$3,932,877$2,501,561$2,054,617$2,105,975$1,909,957
 
Revenues and expenses
 
Revenue20192017201620152014
Total contributions$2,575,512$2,033,741$1,336,557$1,012,818$1,368,774
Program service revenue$13,405$1,527$2,100$7,687$642
Membership dues$0$0$0$0$0
Investment income$13$5$5$4$125
Other revenue$26,682($1,578)($23,117)$0$0
Total other revenue$40,100($46)($21,012)$7,691$767
Total revenue$2,615,612$2,033,695$1,315,545$1,020,509$1,369,541
 
Expenses20192017201620152014
Program services$1,605,646$1,141,083$1,000,418$664,471$427,466
Management and general$293,541$235,251$237,097$122,638$43,146
Fundraising$215,177$210,417$129,388$37,382$38,697
Total expenses$2,114,364$1,586,751$1,366,903$824,491$509,309
 
Change in net assets20192017201620152014
Surplus (deficit)$501,248$446,944($51,358)$196,018$860,232
Other changes in net assets$0$0$0$0$0
Total change in net assets$501,248$446,944($51,358)$196,018$860,232

Compensation

NameTitleCompensation
Natalie JohnsonMedical Clinic Director$115,813
Matthew AyersSecretary/ CEO$107,253
Michael AnthonyDirector/Coo & CFO$98,857

Compensation data as of: 12/31/2019


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 7/26/2021. To update the information below, please email: info@ministrywatch.com


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