Carriage Town Ministries

Summary

CTM provides compassion to those with acute needs for housing and food and a longer term "get back on your feet" residential program with spiritual, educational, and work service training for those ready and willing to work toward productive lives.


Contact information

Mailing address:
Carriage Town Ministries
605 Garland St
Flint, MI 48501-8501

Website: www.carriagetown.org

Phone: (810) 233-8787

Email: info@carriagetown.org


Organization details

EIN: 381443378

CEO/President: Dr. Dallas Gatlin

Chairman: Mrs. Sharon Fouts

Board size: 7

Founder:

Year founded: 1967

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 1986


Purpose


Mission statement

Our mission is to provide help, hope and the Good News to our community through the skills and means of God's people and the transforming power of Christ's love.


Statement of faith

Transparency grade

This ministry has not been assigned a transparency grade.

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating420 of 4949 of 13
Fund acquisition rating366 of 4948 of 13
Resource allocation rating275 of 4948 of 13
Asset utilization rating426 of 4949 of 13

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20172016201520142013
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%11%11%7%7%10%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%11%11%7%7%10%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%99%100%100%100%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%13%11%10%7%10%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%1%0%0%0%0%
 
Operating ratiosMedian % for
all ministries in
MW database
20172016201520142013
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%81%83%84%89%85%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%84%98%67%99%98%
Program output ratio Program output ratio =
Program services /
Total revenue
81%68%81%56%88%83%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%16%2%33%1%2%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%9%1%23%1%1%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%7%6%5%4%5%
 
Investing ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.190.450.430.460.580.56
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.523.073.192.485.236.88
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.311.371.381.143.053.83
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.1244.8724.1746.8442.6733.83
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.020.040.020.020.03
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.418.538.3510.283.843.04
 
Solvency ratiosMedian % for
all ministries in
MW database
20172016201520142013
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%1%8%1%0%0%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
70%222%213%215%171%179%

Financials

Balance sheet
 
Assets20172016201520142013
Cash$1,651,650$1,049,323$1,504,076$688,718$453,577
Receivables, inventories, prepaids$216,936$717,368$585,041$65,973$115,864
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$1,868,586$1,766,691$2,089,117$754,691$569,441
Long-term investments$0$0$0$0$0
Fixed assets$3,788,568$3,795,796$3,015,687$3,114,925$3,268,789
Other long-term assets$79,103$74,217$72,753$80,629$82,351
Total long-term assets$3,867,671$3,870,013$3,088,440$3,195,554$3,351,140
Total assets$5,736,257$5,636,704$5,177,557$3,950,245$3,920,581
 
Liabilities20172016201520142013
Payables and accrued expenses$41,644$73,096$44,597$17,688$16,833
Other current liabilities$0$0$0$0$0
Total current liabilities$41,644$73,096$44,597$17,688$16,833
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$376,010$0$0$0
Total long-term liabilities$0$376,010$0$0$0
Total liabilities$41,644$449,106$44,597$17,688$16,833
 
Net assets20172016201520142013
Unrestricted$5,106,558$4,465,804$3,930,465$3,839,399$3,743,225
Temporarily restricted$511,612$652,517$1,136,962$22,029$89,952
Permanently restricted$76,443$69,277$65,533$71,129$70,571
Net assets$5,694,613$5,187,598$5,132,960$3,932,557$3,903,748
 
Revenues and expenses
 
Revenue20172016201520142013
Total contributions$3,046,409$2,478,232$3,572,198$2,323,327$2,233,130
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$13,009$6,055$1,737$61$92
Other revenue$9,157$4,206$12,074$5,928$5,139
Total other revenue$22,166$10,261$13,811$5,989$5,231
Total revenue$3,068,575$2,488,493$3,586,009$2,329,316$2,238,361
 
Expenses20172016201520142013
Program services$2,074,970$2,027,102$2,013,569$2,045,708$1,852,443
Management and general$170,801$142,389$122,240$89,134$109,456
Fundraising$322,955$264,364$249,797$165,665$221,010
Total expenses$2,568,726$2,433,855$2,385,606$2,300,507$2,182,909
 
Change in net assets20172016201520142013
Surplus (deficit)$499,849$54,638$1,200,403$28,809$55,452
Other changes in net assets$0$0$0$0$0
Total change in net assets$499,849$54,638$1,200,403$28,809$55,452

Response from ministry

No response has been provided by this ministry.


History

We began in 1950 as the Flint Rescue Mission on the banks of the Flint River at Grand Traverse Street. We've been led by Jon Schaich, Jerry Peaster, Bob Sweeney, Lois St. Clair and now Dr. Dallas Gatlin...Only 5 directors in 70 years! We've been supported throughout those years by faithful churches and individuals who recognize the calling of Matthew 25 to ministers to the hungry, the thirsty and the individuals in need of a place to stay. Today we are a campus of learning and restoration in Flint's historic Carriage Town neighborhood. Visitors and residents find a haven of safety and acceptance, learning and responsibility, structure and productivity...A place to find a new birth, a sense of purpose for today and hope for tomorrow.


Program accomplishments

Today we have 135 beds (the most in the county) for men, women and children in need. Each year we provide over 49,000 clean, safe beds, distribute 213,000 meals, and provide 350,000 pieces of clothing free of charge to the community. The Lafia Learning Center is open to the community and sees 80 students each month.


Needs