Waterfront Rescue Mission

Summary

Waterfront Rescue Mission provides food, shelter, counseling, and a renowned recovery program to the homeless along the Gulf Coast. For 70 years, Waterfront Rescue Mission has been a beacon of hope for thousands of hungry and homeless men in Pensacola, Florida. Each night up to 150 homeless men come to the Mission, and are greeted with a nutritious meal, a warm shower, a clean change of clothes and a caring counselor who listens. Many of these men are at the end of their rope; the Mission is a knot that they can hold on to.


Contact information

Mailing address:
Waterfront Rescue Mission
PO Box 870
Pensacola, FL 32591

Website: waterfrontmission.org

Phone: 850-436-7868

Email: info@waterfrontmission.org


Organization details

EIN: 590838106

CEO/President: Devin Simmons

Chairman: Mark King

Board size: 9

Founder:

Year founded: 1964

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: No

Member of ECFA since:


Purpose

Waterfront Rescue Mission believes that caring for the poor and homeless is not an option; it is a mandate from the Lord. Waterfront Rescue Mission is determined to provide compassionate help, individual attention, a plan for success, and most of all, knowledge about the Gospel.


Mission statement

Waterfront Rescue Mission strives to serve the Lord through all of its services. The aim of Waterfront Rescue Mission is to "Demonstrate God's Goodness by Providing Rescue and Recovery Services in Jesus' Name."


Statement of faith

We believe the Bible to be the inspired, the only infallible, authoritative Word of God.

We believe that there is one God, eternally existent in three persons: Father, Son and Holy Spirit.

We believe in the deity and humanity of Christ, in His virgin birth, in His sinless life, in His miracles, in His vicarious and atoning death through His blood shed, in His bodily resurrection, in His ascension to the right hand of the Father, in His present rule as Head of the Church and in His personal return in power and glory.

We believe that for the salvation of lost and sinful men, regeneration by the Holy Spirit is absolutely essential.

We believe in the present ministry of the Holy Spirit, by whose indwelling the Christian is enabled to live a godly life.

We believe in the resurrection of both the saved and the lost, they that are saved unto the resurrection of life and they that are lost unto the resurrection of damnation.

We believe in the spiritual unity of believers in our Lord Jesus Christ, with equality across race, gender and class differences.

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 rating185 of 66029 of 91
Fund acquisition rating156 of 66221 of 91
Resource allocation rating327 of 66243 of 91
Asset utilization rating284 of 66045 of 91

Financial ratios

Funding ratiosSector median20172016201520142013
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%5%7%8%7%6%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
9%4%6%7%6%6%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
90%85%92%93%85%89%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
9%5%6%7%6%6%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
10%15%8%7%15%11%
 
Operating ratiosSector median20172016201520142013
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%80%81%80%82%81%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%94%115%108%101%95%
Program output ratio Program output ratio =
Program services /
Total revenue
78%75%93%86%82%77%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%6%-15%-8%-1%5%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%6%-13%-7%0%5%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%15%14%13%12%13%
 
Investing ratiosSector median20172016201520142013
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.570.580.640.650.600.43
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
4.218.748.829.288.1111.65
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.495.115.686.014.905.00
 
Liquidity ratiosSector median20172016201520142013
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.983.442.632.623.172.76
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.290.380.380.320.36
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.211.671.311.231.681.53
 
Solvency ratiosSector median20172016201520142013
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%33%36%34%33%49%
Debt ratio Debt ratio =
Debt /
Total assets
1%12%14%13%13%13%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
147%115%100%101%110%119%

Financials

Balance sheet
 
Assets20172016201520142013
Cash$1,091,233$768,884$397,170$825,096$833,221
Receivables, inventories, prepaids$999,295$1,268,514$1,748,021$1,753,635$1,514,263
Short-term investments$0$3,959$9,134$0$0
Other current assets$0$0$0$0$0
Total current assets$2,090,528$2,041,357$2,154,325$2,578,731$2,347,484
Long-term investments$580,097$569,301$535,904$523,345$516,033
Fixed assets$9,254,889$9,716,400$11,589,713$12,088,813$12,115,851
Other long-term assets$6,354,559$5,676,206$5,702,280$5,728,153$12,375,282
Total long-term assets$16,189,545$15,961,907$17,827,897$18,340,311$25,007,166
Total assets$18,280,073$18,003,264$19,982,222$20,919,042$27,354,650
 
Liabilities20172016201520142013
Payables and accrued expenses$571,322$734,751$777,201$783,687$824,867
Other current liabilities$36,646$40,691$45,333$30,416$26,322
Total current liabilities$607,968$775,442$822,534$814,103$851,189
Debt$2,177,418$2,462,136$2,597,386$2,805,085$3,449,706
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$3,232,791$3,212,143$3,464,977$3,380,533$9,071,829
Total long-term liabilities$5,410,209$5,674,279$6,062,363$6,185,618$12,521,535
Total liabilities$6,018,177$6,449,721$6,884,897$6,999,721$13,372,724
 
Net assets20172016201520142013
Unrestricted$12,182,471$11,460,383$13,064,845$13,879,624$13,916,536
Temporarily restricted$79,425$93,160$32,480$39,697$65,390
Permanently restricted$0$0$0$0$0
Net assets$12,261,896$11,553,543$13,097,325$13,919,321$13,981,926
 
Revenues and expenses
 
Revenue20172016201520142013
Total contributions$9,719,570$9,225,336$11,208,344$10,674,575$11,003,736
Program service revenue$441,046$204,674$228,779$186,605$91,032
Membership dues$0$0$0$0$0
Investment income$310,509$292,172$136,947$979,529$38,004
Other revenue$916,558$323,965$469,331$729,227$1,241,555
Total other revenue$1,668,113$820,811$835,057$1,895,361$1,370,591
Total revenue$11,387,683$10,046,147$12,043,401$12,569,936$12,374,327
 
Expenses20172016201520142013
Program services$8,551,487$9,383,997$10,374,437$10,334,297$9,532,515
Management and general$1,621,345$1,567,292$1,720,650$1,578,443$1,512,511
Fundraising$508,222$639,377$861,122$720,364$682,216
Total expenses$10,681,054$11,590,666$12,956,209$12,633,104$11,727,242
 
Change in net assets20172016201520142013
Surplus (deficit)$706,629($1,544,519)($912,808)($63,168)$647,085
Other changes in net assets$0$0$0$0$0
Total change in net assets$706,629($1,544,519)($912,808)($63,168)$647,085

Response from ministry

No response has been provided by this ministry.


History

In April 2011, Waterfront Rescue Mission began construction on a new Rescue Shelter in Pensacola, Florida. Just over a year later, the new 32,000 sq. ft. shelter opened, providing nearly four times more space for sheltering and feeding the homeless, as well as beds for respite care and veterans who are waiting for placement by the VA. The new Herman Street property also features Day Resources which offers a safe place for homeless men, women and children to come during the day for assistance. These updated and expanded facilities allow the Mission to provide more and better services for the homeless and addicted and meet their growing needs.

Waterfront Rescue Mission has served thousands of hungry and homeless men since its founding in 1949. The Mission meets the basic physical needs of the men who come off the streets for a place to sleep.


Program accomplishments


Needs