Carriage Town Ministries

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 12/14/2020. To update the information in this column, please email: info@ministrywatch.com


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

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating279 of 84470 of 154
Fund acquisition rating351 of 84469 of 154
Resource allocation rating157 of 84433 of 154
Asset utilization rating532 of 844112 of 154

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%9%10%11%11%7%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%9%10%11%11%7%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%99%99%99%100%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
9%9%12%13%11%10%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%1%1%1%0%0%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%86%83%81%83%84%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%93%84%84%98%67%
Program output ratio Program output ratio =
Program services /
Total revenue
76%80%70%68%81%56%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%7%16%16%2%33%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%3%8%9%1%23%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%5%5%7%6%5%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.620.410.410.450.430.46
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.823.433.203.073.192.48
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.531.401.311.371.381.14
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.1947.0310.1944.8724.1746.84
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.020.100.020.040.02
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.138.388.268.538.3510.28
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%1%3%1%8%1%
Debt ratio Debt ratio =
Debt /
Total assets
1%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
139%243%237%222%213%215%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$1,749,301$1,846,205$1,651,650$1,049,323$1,504,076
Receivables, inventories, prepaids$123,685$139,674$216,936$717,368$585,041
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$1,872,986$1,985,879$1,868,586$1,766,691$2,089,117
Long-term investments$0$0$0$0$0
Fixed assets$4,475,948$4,310,023$3,788,568$3,795,796$3,015,687
Other long-term assets$76,938$68,235$79,103$74,217$72,753
Total long-term assets$4,552,886$4,378,258$3,867,671$3,870,013$3,088,440
Total assets$6,425,872$6,364,137$5,736,257$5,636,704$5,177,557
 
Liabilities20192018201720162015
Payables and accrued expenses$39,829$194,802$41,644$73,096$44,597
Other current liabilities$0$0$0$0$0
Total current liabilities$39,829$194,802$41,644$73,096$44,597
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$376,010$0
Total long-term liabilities$0$0$0$376,010$0
Total liabilities$39,829$194,802$41,644$449,106$44,597
 
Net assets20192018201720162015
Unrestricted$0$5,838,773$5,106,558$4,465,804$3,930,465
Temporarily restricted$0$262,707$511,612$652,517$1,136,962
Permanently restricted$0$67,855$76,443$69,277$65,533
Net assets$6,386,043$6,169,335$5,694,613$5,187,598$5,132,960
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$2,801,314$3,062,938$3,046,409$2,478,232$3,572,198
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$21,864$16,338$13,009$6,055$1,737
Other revenue$11,189$4,812$9,157$4,206$12,074
Total other revenue$33,053$21,150$22,166$10,261$13,811
Total revenue$2,834,367$3,084,088$3,068,575$2,488,493$3,586,009
 
Expenses20192018201720162015
Program services$2,256,308$2,153,886$2,074,970$2,027,102$2,013,569
Management and general$125,548$142,778$170,801$142,389$122,240
Fundraising$244,506$304,114$322,955$264,364$249,797
Total expenses$2,626,362$2,600,778$2,568,726$2,433,855$2,385,606
 
Change in net assets20192018201720162015
Surplus (deficit)$208,005$483,310$499,849$54,638$1,200,403
Other changes in net assets$0$0$0$0$0
Total change in net assets$208,005$483,310$499,849$54,638$1,200,403

Compensation

NameTitleCompensation
Dallas GatlinExecutive Di$78,750

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 12/14/2020. To update the information below, please email: info@ministrywatch.com


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