Cherry Street Mission Ministries 
The information on this page was last updated 12/14/2023. If you see errors or omissions, please email: [email protected]
Summary
Since 1947, we have been serving people in need by cooking them meals, offering housing, and most importantly pointing them to the hope found in Jesus Christ.
Contact information
Mailing address:
Cherry Street Mission Ministries
1501 Monroe St.
Toledo, OH 43604
Website: cherrystreetmission.org
Phone: 419-214-3007
Email: [email protected]
Organization details
EIN: 341133369
CEO/President: Ann Ebbert
Chairman: Joshua Rochon
Board size: 14
Founder: Jessie and Bertha Fleck
Ruling year: 1950
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: No
Member of ECFA since:
Purpose
Cherry Street Mission Ministries envisions our full community, rooted in God's Grace, where all people are empowered with wholeness of spirit, soul, and body and able to live and participate as contributing members of society. We deliver the Gospel of Jesus Christ and its new life of freedom to men, women, and families and we are directed by the two Great Commandments: Jesus answered him, "The first of all the commandments is: 'Hear, O Israel, the Lord our God, the Lord is one. And you shall love the Lord your God with all your heart, and all your soul, with all your mind, and with all your strength.' This is the first commandment. And the second, like it, is this: "You shall love your neighbor as yourself.' There is no other commandment greater than these." (Mark 12: 29-31)
Mission statement
Cherry Street Mission Ministries is committed to delivering solutions that will reverse the cycle of poverty for people in our communities through purposeful discipleship and restoration of hope while releasing God's greatness.
Statement of faith
Donor confidence score
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Rescue Missions/Homeless Shelters
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 556 of 1106 | 62 of 140 |
| Fund acquisition rating | | 246 of 1107 | 19 of 140 |
| Resource allocation rating | | 944 of 1107 | 117 of 140 |
| Asset utilization rating | | 479 of 1106 | 56 of 140 |
Financial ratios
| Funding ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 11% | 6% | 8% | 6% | 7% | 8% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 10% | 6% | 8% | 6% | 7% | 8% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 93% | 98% | 97% | 98% | 95% | 101% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 11% | 7% | 9% | 7% | 8% | 8% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 7% | 2% | 3% | 2% | 5% | -1% |
| Operating ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Program expense ratio Program expense ratio = Program services / Total expenses | 79% | 70% | 78% | 73% | 67% | 75% |
Spending ratio Spending ratio = Total expenses / Total revenue | 90% | 82% | 86% | 86% | 90% | 105% |
Program output ratio Program output ratio = Program services / Total revenue | 71% | 58% | 67% | 63% | 60% | 79% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 10% | 18% | 14% | 14% | 10% | -5% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 7% | 15% | 10% | 12% | 9% | -5% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 9% | 23% | 14% | 20% | 25% | 18% |
| Investing ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.52 | 0.59 | 0.58 | 0.65 | 0.66 | 0.83 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.80 | 2.97 | 2.60 | 2.92 | 3.46 | 3.67 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.69 | 1.76 | 1.50 | 1.91 | 2.28 | 3.04 |
| Liquidity ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 13.05 | 5.06 | 7.57 | 7.35 | 5.47 | 8.76 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.20 | 0.13 | 0.14 | 0.18 | 0.11 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.30 | 5.47 | 6.95 | 5.42 | 4.30 | 3.49 |
| Solvency ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 8% | 11% | 10% | 13% | 19% | 20% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 4% | 5% | 9% | 14% | 16% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 157% | 151% | 156% | 132% | 122% | 97% |
Financials
| Balance sheet | |||||
| Assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Cash | $1,983,319 | $2,740,861 | $2,122,744 | $1,182,329 | $693,047 |
| Receivables, inventories, prepaids | $1,809,244 | $938,478 | $933,966 | $1,253,774 | $1,395,992 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $3,792,563 | $3,679,339 | $3,056,710 | $2,436,103 | $2,089,039 |
| Long-term investments | $213,257 | $209,422 | $283,001 | $150,943 | $164,945 |
| Fixed assets | $7,193,513 | $5,642,893 | $5,563,761 | $5,788,139 | $5,360,336 |
| Other long-term assets | $53,930 | $28,111 | $30,023 | $64,159 | $42,966 |
| Total long-term assets | $7,460,700 | $5,880,426 | $5,876,785 | $6,003,241 | $5,568,247 |
| Total assets | $11,253,263 | $9,559,765 | $8,933,495 | $8,439,344 | $7,657,286 |
| Liabilities | 2022 | 2021 | 2020 | 2019 | 2018 |
| Payables and accrued expenses | $749,863 | $486,355 | $415,966 | $445,622 | $238,446 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $749,863 | $486,355 | $415,966 | $445,622 | $238,446 |
| Debt | $445,862 | $452,269 | $779,800 | $1,191,849 | $1,257,901 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $445,862 | $452,269 | $779,800 | $1,191,849 | $1,257,901 |
| Total liabilities | $1,195,725 | $938,624 | $1,195,766 | $1,637,471 | $1,496,347 |
| Net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Without donor restrictions | $8,608,623 | $7,156,020 | $6,429,608 | $5,726,942 | $4,926,803 |
| With donor restrictions | $1,448,915 | $1,465,121 | $1,308,121 | $1,074,931 | $1,234,136 |
| Net assets | $10,057,538 | $8,621,141 | $7,737,729 | $6,801,873 | $6,160,939 |
| Revenues and expenses | |||||
| Revenue | 2022 | 2021 | 2020 | 2019 | 2018 |
| Total contributions | $8,008,793 | $6,184,738 | $6,632,073 | $5,883,478 | $6,081,186 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $3,634 | $2,867 | $5,336 | $36,253 | ($98,144) |
| Other revenue | $150,246 | $192,233 | $121,614 | $256,836 | $47,632 |
| Total other revenue | $153,880 | $195,100 | $126,950 | $293,089 | ($50,512) |
| Total revenue | $8,162,673 | $6,379,838 | $6,759,023 | $6,176,567 | $6,030,674 |
| Expenses | 2022 | 2021 | 2020 | 2019 | 2018 |
| Program services | $4,699,067 | $4,273,106 | $4,237,201 | $3,722,277 | $4,741,088 |
| Management and general | $1,508,558 | $753,632 | $1,195,198 | $1,400,994 | $1,116,570 |
| Fundraising | $468,525 | $485,500 | $410,035 | $430,420 | $501,214 |
| Total expenses | $6,676,150 | $5,512,238 | $5,842,434 | $5,553,691 | $6,358,872 |
| Change in net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Surplus (deficit) | $1,486,523 | $867,600 | $916,589 | $622,876 | ($328,198) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $1,486,523 | $867,600 | $916,589 | $622,876 | ($328,198) |
Compensation
| Name | Title | Compensation |
| Ann Ebbert | President/CEO | $164,125 |
Compensation data as of: 12/31/2022
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 12/14/2023. To update the information below, please email: [email protected]
History
Humble Beginnings
Jessie and Bertha Fleck founded Cherry Street Mission Ministries in 1947, their calling was to provide people in need with sustenance for the body and nourishment for the soul. Named for its location on Cherry Street in Toledo, the mission provided meals, housing, and the proclamation of the Gospel of Jesus Christ for the poor and homeless.
A Wide Footprint
Cherry Street serves those living in poverty throughout our region. As the largest entity acting as a homeless shelter, Cherry Street has been here of the community for generations. Within those years, our focus has expanded beyond basic needs, like food and shelter; to plan development and a continuum of care. Similarly, our area of responsibility has expanded to include more rural counties and areas outside of the central city. Simply put, poverty occurs all across northwest Ohio and Southeast Michigan.