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: Yes

Member of ECFA since: 1981


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

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating130 of 77233 of 146
Fund acquisition rating240 of 77343 of 146
Resource allocation rating204 of 77346 of 146
Asset utilization rating246 of 77254 of 146

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%7%7%5%7%8%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%6%6%4%6%7%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
90%93%91%85%92%93%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
9%6%6%5%6%7%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
10%7%9%15%8%7%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%83%81%80%81%80%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%99%99%94%115%108%
Program output ratio Program output ratio =
Program services /
Total revenue
76%82%81%75%93%86%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%1%1%6%-15%-8%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%1%1%6%-13%-7%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%11%12%15%14%13%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.620.730.660.580.640.65
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.897.497.638.748.829.28
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.575.455.055.115.686.01
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.192.592.653.442.632.62
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.390.380.290.380.38
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.071.351.481.671.311.23
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%23%24%33%36%34%
Debt ratio Debt ratio =
Debt /
Total assets
0%10%12%12%14%13%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
139%106%115%115%100%101%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$875,702$835,547$1,091,233$768,884$397,170
Receivables, inventories, prepaids$1,277,942$1,299,753$999,295$1,268,514$1,748,021
Short-term investments$0$0$0$3,959$9,134
Other current assets$0$0$0$0$0
Total current assets$2,153,644$2,135,300$2,090,528$2,041,357$2,154,325
Long-term investments$223,218$217,312$580,097$569,301$535,904
Fixed assets$8,485,221$8,633,857$9,254,889$9,716,400$11,589,713
Other long-term assets$5,277,000$5,313,214$6,354,559$5,676,206$5,702,280
Total long-term assets$13,985,439$14,164,383$16,189,545$15,961,907$17,827,897
Total assets$16,139,083$16,299,683$18,280,073$18,003,264$19,982,222
 
Liabilities20192018201720162015
Payables and accrued expenses$786,166$755,828$571,322$734,751$777,201
Other current liabilities$45,116$50,575$36,646$40,691$45,333
Total current liabilities$831,282$806,403$607,968$775,442$822,534
Debt$1,624,464$1,903,607$2,177,418$2,462,136$2,597,386
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$1,238,448$1,230,475$3,232,791$3,212,143$3,464,977
Total long-term liabilities$2,862,912$3,134,082$5,410,209$5,674,279$6,062,363
Total liabilities$3,694,194$3,940,485$6,018,177$6,449,721$6,884,897
 
Net assets20192018201720162015
Unrestricted$0$12,272,810$12,182,471$11,460,383$13,064,845
Temporarily restricted$0$86,388$79,425$93,160$32,480
Permanently restricted$0$0$0$0$0
Net assets$12,444,889$12,359,198$12,261,896$11,553,543$13,097,325
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$10,941,286$9,869,337$9,719,570$9,225,336$11,208,344
Program service revenue$508,853$491,434$441,046$204,674$228,779
Membership dues$0$0$0$0$0
Investment income$113,384$219,289$310,509$292,172$136,947
Other revenue$261,883$297,700$916,558$323,965$469,331
Total other revenue$884,120$1,008,423$1,668,113$820,811$835,057
Total revenue$11,825,406$10,877,760$11,387,683$10,046,147$12,043,401
 
Expenses20192018201720162015
Program services$9,735,382$8,770,356$8,551,487$9,383,997$10,374,437
Management and general$1,246,810$1,334,922$1,621,345$1,567,292$1,720,650
Fundraising$759,032$673,766$508,222$639,377$861,122
Total expenses$11,741,224$10,779,044$10,681,054$11,590,666$12,956,209
 
Change in net assets20192018201720162015
Surplus (deficit)$84,182$98,716$706,629($1,544,519)($912,808)
Other changes in net assets$0$0$0$0$0
Total change in net assets$84,182$98,716$706,629($1,544,519)($912,808)

Compensation

NameTitleCompensation
Devin SimmonsPresident$141,201
Marsha ClarkVP of Financ$91,844

Compensation data as of: 12/31/2019


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