Stability First Inc.

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 11/30/2020. To update the information in this column, please email: info@ministrywatch.com


Summary

Stability First is a faithbased initiative born out of the Morgan County Bridges Out of Poverty. We work alongside our neighbors to identify resources and find solutions together. Our programs include transitional housing as well as a circle of services geared toward assisting low income families in increasing financial stability and self-sufficiency. At present there are three aspects to the work of Stability First:

1. The Pike St. Bridge provides residents with safe, transitional housing, helping them get established and preparing them to attain sustainable housing upon exiting the program.

2. The Lynay Center provides services to bring stability into the lives of the under resourced; from basic needs to job and financial coaching.

3. The Magdalene House is a shelter for single women. In addition to housing, the shelter provides multiple services designed to provide residents with all the resources needed to move forward into a stable future.


Contact information

Mailing address:
Stability First Inc.
PO Box 1452
Martinsville, IN 46151

Website: stability-first.com

Phone: 765-343-8030

Email: rick@eastviewchristianchurch.org


Organization details

EIN: 474429844

CEO/President:

Chairman:

Board size: 0

Founder:

Year founded: 2017

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: No

Member of ECFA since:


Purpose

Stability First is a non-profit organization established to address multiple issues associated with the alleviation of poverty.


Mission statement

To provide assistance and education to address poverty issues by providing temporary housing and services to primarily low income individuals and families.


Statement of faith

Transparency grade

D

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating98 of 94021 of 160
Fund acquisition rating70 of 94210 of 160
Resource allocation rating83 of 94215 of 160
Asset utilization rating511 of 940100 of 160

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%0%0%0%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%0%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%89%99%65%51%84%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
10%0%0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%11%1%35%49%16%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%95%95%93%88%74%
Spending ratio Spending ratio =
Total expenses /
Total revenue
95%59%98%80%142%28%
Program output ratio Program output ratio =
Program services /
Total revenue
75%56%93%75%124%21%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
5%41%2%20%-42%72%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
4%30%2%12%-16%54%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%5%5%7%12%26%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.580.430.640.490.520.21
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.762.566.4616.6439.917.66
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.241.094.128.1620.731.61
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.1447.0416.938.061.839.92
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.020.060.120.550.10
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.4510.752.741.290.266.72
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%1%6%1%1%1%
Debt ratio Debt ratio =
Debt /
Total assets
1%0%5%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
141%233%147%202%190%470%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$283,415$51,773$30,963$10,610$73,021
Receivables, inventories, prepaids$18,390$37,816$300$1,500$0
Short-term investments$1,209$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$303,014$89,589$31,263$12,110$73,021
Long-term investments$0$0$0$0$0
Fixed assets$473,896$488,878$488,878$471,177$486,002
Other long-term assets$0$0$0$0$0
Total long-term assets$473,896$488,878$488,878$471,177$486,002
Total assets$776,910$578,467$520,141$483,287$559,023
 
Liabilities20202019201820172016
Payables and accrued expenses$6,442$5,293$3,880$6,622$7,358
Other current liabilities$0$0$0$0$0
Total current liabilities$6,442$5,293$3,880$6,622$7,358
Debt$0$30,000$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$30,000$0$0$0
Total liabilities$6,442$35,293$3,880$6,622$7,358
 
Net assets20202019201820172016
Without donor restrictions$0$0$0$0$0
With donor restrictions$0$0$0$0$0
Net assets$770,468$543,174$516,261$476,665$551,665
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$495,751$373,667$205,674$90,973$349,935
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$17$13$42$5$1
Other revenue$62,547$3,896$111,538$86,084$67,594
Total other revenue$62,564$3,909$111,580$86,089$67,595
Total revenue$558,315$377,576$317,254$177,062$417,530
 
Expenses20202019201820172016
Program services$313,726$350,870$238,395$220,290$86,905
Management and general$17,295$18,483$16,727$30,705$30,393
Fundraising$0$0$0$0$0
Total expenses$331,021$369,353$255,122$250,995$117,298
 
Change in net assets20202019201820172016
Surplus (deficit)$227,294$8,223$62,132($73,933)$300,232
Other changes in net assets$0$0$0$0$0
Total change in net assets$227,294$8,223$62,132($73,933)$300,232

Compensation

Compensation data for this ministry has not been collected.


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 11/30/2020. To update the information below, please email: info@ministrywatch.com


History


Program accomplishments


Needs

We're looking for individuals, couples and families who would be willing to partner with Stability First to have a greater impact on the ministry, on our community and ultimately on the Kingdom of God. Stability Impact Partners are a group of people who have committed to regular monthly supprt of the ministry at any level. Reliable, predictable monthly support through recurring donations enable us to maintain and grow the ministry.