Cherry Street Mission Ministries

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 8/6/2021. To update the information in this column, please email: info@ministrywatch.com


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: support@cherrystreetmission.org


Organization details

EIN: 341133369

CEO/President: Ann Ebbert

Chairman: Joshua Rochon

Board size: 14

Founder: Jessie and Bertha Fleck

Year founded: 1950

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2004


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

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating523 of 94086 of 160
Fund acquisition rating320 of 94253 of 160
Resource allocation rating843 of 942142 of 160
Asset utilization rating335 of 94064 of 160

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%7%8%12%13%14%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%7%8%12%13%14%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%95%101%99%103%97%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
10%8%8%15%14%14%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%5%-1%1%-3%3%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%67%75%69%75%76%
Spending ratio Spending ratio =
Total expenses /
Total revenue
95%90%105%78%92%98%
Program output ratio Program output ratio =
Program services /
Total revenue
75%60%79%54%69%75%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
5%10%-5%22%8%2%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
4%9%-5%27%11%3%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%25%18%16%11%10%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.580.660.830.701.131.28
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.763.463.672.842.344.22
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.242.283.041.992.665.41
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.145.478.7611.075.896.25
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.180.110.090.170.16
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.454.303.495.483.751.86
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%19%20%27%12%11%
Debt ratio Debt ratio =
Debt /
Total assets
1%14%16%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
141%122%97%104%77%70%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$1,182,329$693,047$1,788,267$1,179,647$768,248
Receivables, inventories, prepaids$1,253,774$1,395,992$1,352,366$1,099,868$328,206
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$2,436,103$2,089,039$3,140,633$2,279,515$1,096,454
Long-term investments$150,943$164,945$325,845$385,182$314,139
Fixed assets$5,788,139$5,360,336$5,451,690$2,645,558$3,165,551
Other long-term assets$64,159$42,966$13,084$31,322$47,860
Total long-term assets$6,003,241$5,568,247$5,790,619$3,062,062$3,527,550
Total assets$8,439,344$7,657,286$8,931,252$5,341,577$4,624,004
 
Liabilities20192018201720162015
Payables and accrued expenses$445,622$238,446$283,597$387,174$175,560
Other current liabilities$0$0$0$0$0
Total current liabilities$445,622$238,446$283,597$387,174$175,560
Debt$1,191,849$1,257,901$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$2,139,217$280,480$316,963
Total long-term liabilities$1,191,849$1,257,901$2,139,217$280,480$316,963
Total liabilities$1,637,471$1,496,347$2,422,814$667,654$492,523
 
Net assets20192018201720162015
Without donor restrictions$5,726,942$4,926,803$5,418,562$2,570,501$3,534,156
With donor restrictions$1,074,931$1,234,136$1,089,876$2,103,422$597,325
Net assets$6,801,873$6,160,939$6,508,438$4,673,923$4,131,481
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$5,883,478$6,081,186$7,957,994$6,759,948$5,887,413
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$36,253($98,144)$16,706($268,995)$32,777
Other revenue$256,836$47,632$47,867$98,396$126,713
Total other revenue$293,089($50,512)$64,573($170,599)$159,490
Total revenue$6,176,567$6,030,674$8,022,567$6,589,349$6,046,903
 
Expenses20192018201720162015
Program services$3,722,277$4,741,088$4,316,906$4,545,627$4,523,394
Management and general$1,400,994$1,116,570$974,367$654,737$586,162
Fundraising$430,420$501,214$961,375$860,365$827,308
Total expenses$5,553,691$6,358,872$6,252,648$6,060,729$5,936,864
 
Change in net assets20192018201720162015
Surplus (deficit)$622,876($328,198)$1,769,919$528,620$110,039
Other changes in net assets$0$0$0$0$0
Total change in net assets$622,876($328,198)$1,769,919$528,620$110,039

Compensation

NameTitleCompensation
Max Lambdin 2319-62619President$122,480
Rev Daniel Rogers 1119-2319President/CEO$30,412

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 8/6/2021. To update the information below, please email: info@ministrywatch.com


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.


Program accomplishments


Needs