Carriage Town Ministries

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 8/5/2021. 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

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: 8

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 rating324 of 94173 of 160
Fund acquisition rating340 of 94358 of 160
Resource allocation rating316 of 94353 of 160
Asset utilization rating553 of 941110 of 160

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%8%9%10%11%11%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%8%9%10%11%11%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%100%99%99%99%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
10%11%9%12%13%11%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%0%1%1%1%0%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%84%86%83%81%83%
Spending ratio Spending ratio =
Total expenses /
Total revenue
95%71%93%84%84%98%
Program output ratio Program output ratio =
Program services /
Total revenue
75%60%80%70%68%81%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
5%29%7%16%16%2%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
4%15%3%8%9%1%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%5%5%5%7%6%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.580.350.410.410.450.43
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.762.333.433.203.073.19
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.240.821.401.311.371.38
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.1468.4947.0310.1944.8724.17
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.010.020.100.020.04
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.4514.408.388.268.538.35
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%3%1%3%1%8%
Debt ratio Debt ratio =
Debt /
Total assets
1%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
141%274%243%237%222%213%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$3,095,195$1,749,301$1,846,205$1,651,650$1,049,323
Receivables, inventories, prepaids$229,767$123,685$139,674$216,936$717,368
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$3,324,962$1,872,986$1,985,879$1,868,586$1,766,691
Long-term investments$0$0$0$0$0
Fixed assets$4,335,097$4,475,948$4,310,023$3,788,568$3,795,796
Other long-term assets$80,261$76,938$68,235$79,103$74,217
Total long-term assets$4,415,358$4,552,886$4,378,258$3,867,671$3,870,013
Total assets$7,740,320$6,425,872$6,364,137$5,736,257$5,636,704
 
Liabilities20202019201820172016
Payables and accrued expenses$48,546$39,829$194,802$41,644$73,096
Other current liabilities$0$0$0$0$0
Total current liabilities$48,546$39,829$194,802$41,644$73,096
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$199,600$0$0$0$376,010
Total long-term liabilities$199,600$0$0$0$376,010
Total liabilities$248,146$39,829$194,802$41,644$449,106
 
Net assets20202019201820172016
Without donor restrictions$6,797,329$6,155,206$5,838,773$5,106,558$4,465,804
With donor restrictions$694,845$230,837$330,562$588,055$721,794
Net assets$7,492,174$6,386,043$6,169,335$5,694,613$5,187,598
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$3,813,652$2,801,314$3,062,938$3,046,409$2,478,232
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$3,732$21,864$16,338$13,009$6,055
Other revenue$15,247$11,189$4,812$9,157$4,206
Total other revenue$18,979$33,053$21,150$22,166$10,261
Total revenue$3,832,631$2,834,367$3,084,088$3,068,575$2,488,493
 
Expenses20202019201820172016
Program services$2,287,905$2,256,308$2,153,886$2,074,970$2,027,102
Management and general$145,135$125,548$142,778$170,801$142,389
Fundraising$297,163$244,506$304,114$322,955$264,364
Total expenses$2,730,203$2,626,362$2,600,778$2,568,726$2,433,855
 
Change in net assets20202019201820172016
Surplus (deficit)$1,102,428$208,005$483,310$499,849$54,638
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,102,428$208,005$483,310$499,849$54,638

Compensation

NameTitleCompensation
Dallas GatlinExecutive Di$75,000

Compensation data as of: 12/31/2020


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 8/5/2021. 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

At Carriage Town Ministries we cook up three meals a day for up to 134 men, women and children. Our facility is now undergoing a kitchen renovation that will allow us to better serve the hungry and homeless, plus there will be added upgrades for Blueline Donuts! We are excited for the opportunity to better serve our community and residents.


Needs