Cherry Street Mission Ministries

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 12/29/2020. 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 rating354 of 81773 of 150
Fund acquisition rating318 of 81761 of 150
Resource allocation rating586 of 817107 of 150
Asset utilization rating234 of 81751 of 150

Financial ratios

Funding ratiosSector median20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
9%8%12%13%14%13%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%8%12%13%14%12%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%101%99%103%97%97%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
9%8%15%14%14%13%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%-1%1%-3%3%3%
 
Operating ratiosSector median20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%75%69%75%76%75%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%105%78%92%98%92%
Program output ratio Program output ratio =
Program services /
Total revenue
76%79%54%69%75%70%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%-5%22%8%2%8%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-5%27%11%3%11%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%18%16%11%10%11%
 
Investing ratiosSector median20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.620.830.701.131.281.20
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.903.672.842.344.223.74
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.493.041.992.665.414.47
 
Liquidity ratiosSector median20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.928.7611.075.896.254.80
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.110.090.170.160.21
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.133.495.483.751.862.12
 
Solvency ratiosSector median20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%20%27%12%11%14%
Debt ratio Debt ratio =
Debt /
Total assets
0%16%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
143%97%104%77%70%72%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$693,047$1,788,267$1,179,647$768,248$834,638
Receivables, inventories, prepaids$1,395,992$1,352,366$1,099,868$328,206$421,120
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$2,089,039$3,140,633$2,279,515$1,096,454$1,255,758
Long-term investments$164,945$325,845$385,182$314,139$333,450
Fixed assets$5,360,336$5,451,690$2,645,558$3,165,551$2,901,984
Other long-term assets$42,966$13,084$31,322$47,860$199,946
Total long-term assets$5,568,247$5,790,619$3,062,062$3,527,550$3,435,380
Total assets$7,657,286$8,931,252$5,341,577$4,624,004$4,691,138
 
Liabilities20182017201620152014
Payables and accrued expenses$238,446$283,597$387,174$175,560$261,673
Other current liabilities$0$0$0$0$0
Total current liabilities$238,446$283,597$387,174$175,560$261,673
Debt$1,257,901$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$2,139,217$280,480$316,963$380,792
Total long-term liabilities$1,257,901$2,139,217$280,480$316,963$380,792
Total liabilities$1,496,347$2,422,814$667,654$492,523$642,465
 
Net assets20182017201620152014
Unrestricted$4,926,803$5,418,562$2,570,501$3,534,156$3,566,993
Temporarily restricted$943,747$788,081$1,801,627$295,530$172,954
Permanently restricted$290,389$301,795$301,795$301,795$308,726
Net assets$6,160,939$6,508,438$4,673,923$4,131,481$4,048,673
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$6,081,186$7,957,994$6,759,948$5,887,413$5,896,123
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income($98,144)$16,706($268,995)$32,777$24,203
Other revenue$47,632$47,867$98,396$126,713$155,708
Total other revenue($50,512)$64,573($170,599)$159,490$179,911
Total revenue$6,030,674$8,022,567$6,589,349$6,046,903$6,076,034
 
Expenses20182017201620152014
Program services$4,741,088$4,316,906$4,545,627$4,523,394$4,224,745
Management and general$1,116,570$974,367$654,737$586,162$633,330
Fundraising$501,214$961,375$860,365$827,308$757,228
Total expenses$6,358,872$6,252,648$6,060,729$5,936,864$5,615,303
 
Change in net assets20182017201620152014
Surplus (deficit)($328,198)$1,769,919$528,620$110,039$460,731
Other changes in net assets$0$0$0$0$0
Total change in net assets($328,198)$1,769,919$528,620$110,039$460,731

Compensation

NameTitleCompensation
Rev Daniel RogersPresident/CEO$162,841

Compensation data as of: 12/31/2018


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 12/29/2020. 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