Miami Rescue Mission

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 12/16/2020. To update the information in this column, please email: info@ministrywatch.com


Summary

Since 1922 the Miami Rescue Mission | Broward Outreach Centers, The Caring Place, has served the homeless and needy of South Florida. Our Broward Outreach Centers were first established in 1992. Our Miami-Dade and Broward Centers serve over 1,300 men, women, and children each day. There are approximately 800 people enrolled in our residential life-changing programs.


Contact information

Mailing address:
P.O. Box 420620
Miami, FL 33127

Website: miamirescuemission.com/

Phone: (305)-571-2273

Email: info@caringplace.org


Organization details

EIN: 591743865

CEO/President: Rev. Ronald Brummitt

Chairman: Jeff Tew

Board size: 6

Founder:

Year founded: 1978

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 1990


Purpose

Helping men, women, and children with meals, safe shelter, life-changing residential programs, employment, and housing resulting in transformed lives. Our passion is to follow the Lord Jesus Christ's great commission by serving others.


Mission statement

Our Mission: Transform the lives of homeless men, women and children through comprehensive residential programs to effect lasting change and empower them to be productive members of society. We provide food, shelter, substance abuse treatment, education, computer literacy, job placement, healthcare, spiritual development and housing with Christian love, compassion and encouragement.


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 rating571 of 911109 of 159
Fund acquisition rating653 of 913123 of 159
Resource allocation rating544 of 91394 of 159
Asset utilization rating358 of 91174 of 159

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%15%14%11%11%13%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
9%14%12%11%10%6%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
90%90%90%92%92%43%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
10%14%12%10%9%11%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
10%10%10%8%8%57%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%78%83%87%87%85%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%100%102%105%111%55%
Program output ratio Program output ratio =
Program services /
Total revenue
76%78%85%91%96%47%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%0%-2%-5%-11%45%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%0%-2%-4%-8%56%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%8%5%3%4%5%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.580.640.700.780.740.65
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.742.352.473.882.461.95
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.241.501.723.021.831.27
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.338.868.705.088.9411.89
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.110.110.200.110.08
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.457.116.173.195.838.62
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%5%5%5%5%5%
Debt ratio Debt ratio =
Debt /
Total assets
1%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
141%149%137%121%128%146%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$3,311,626$2,757,467$3,825,846$11,679,599$15,617,056
Receivables, inventories, prepaids$1,174,310$1,512,634$828,317$1,116,930$1,825,205
Short-term investments$8,364,221$7,870,080$3,202,191$0$0
Other current assets$0$0$0$0$0
Total current assets$12,850,157$12,140,181$7,856,354$12,796,529$17,442,261
Long-term investments$0$0$4,251,614$0$0
Fixed assets$17,314,361$17,775,683$18,259,053$18,643,553$16,435,815
Other long-term assets$76,809$73,830$79,638$78,904$82,556
Total long-term assets$17,391,170$17,849,513$22,590,305$18,722,457$16,518,371
Total assets$30,241,327$29,989,694$30,446,659$31,518,986$33,960,632
 
Liabilities20202019201820172016
Payables and accrued expenses$449,906$395,922$547,127$430,952$466,906
Other current liabilities$1,000,000$1,000,000$1,000,000$1,000,000$1,000,000
Total current liabilities$1,449,906$1,395,922$1,547,127$1,430,952$1,466,906
Debt$77,907$62,989$81,900$93,815$114,461
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$77,907$62,989$81,900$93,815$114,461
Total liabilities$1,527,813$1,458,911$1,629,027$1,524,767$1,581,367
 
Net assets20202019201820172016
Without donor restrictions$28,518,503$28,339,870$28,617,681$29,790,942$32,178,380
With donor restrictions$195,011$190,913$199,951$203,277$200,885
Net assets$28,713,514$28,530,783$28,817,632$29,994,219$32,379,265
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$17,321,836$18,323,704$20,879,955$19,365,043$17,367,998
Program service revenue$688,854$751,134$1,731,166$1,635,562$1,708,870
Membership dues$0$0$0$0$0
Investment income$372,239$235,055$39,010$19,868$21,296,101
Other revenue$904,192$1,109,580$0$0$0
Total other revenue$1,965,285$2,095,769$1,770,176$1,655,430$23,004,971
Total revenue$19,287,121$20,419,473$22,650,131$21,020,473$40,372,969
 
Expenses20202019201820172016
Program services$15,044,391$17,321,566$20,593,066$20,280,130$18,796,192
Management and general$1,561,884$1,082,931$744,055$947,168$1,096,292
Fundraising$2,635,017$2,483,124$2,400,969$2,178,221$2,341,468
Total expenses$19,241,292$20,887,621$23,738,090$23,405,519$22,233,952
 
Change in net assets20202019201820172016
Surplus (deficit)$45,829($468,148)($1,087,959)($2,385,046)$18,139,017
Other changes in net assets$0$0$0$0$0
Total change in net assets$45,829($468,148)($1,087,959)($2,385,046)$18,139,017

Compensation

NameTitleCompensation
Ronald BrummittPresident$303,996
Marilyn BrummittVice President of Development$161,856
Gordon HelsbyComptroller$105,470

Compensation data as of: 6/30/2020


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 12/16/2020. To update the information below, please email: info@ministrywatch.com


History

Brief History: Miami Rescue Mission (MRM) began in 1922 under the name "City Mission" serving meals to the needy. The hurricane of 1926, the stock market crash of 1929, and the following years of The Great Depression caused an increase need of MRM services.

A headline in the Miami Daily News, June 14, 1930 read, "1,226 at City Mission Cared for Each Day!"

In 1935, the name was changed to Miami Rescue Mission. MRM continued through the difficult years of WWII and in 1947 was formally incorporated with its quarters at 150 W Flagler Street, Miami. The Mission eventually moved from this location in order for the public library to be built. The next location, 716 N. Miami Avenue proved to be the exact spot the city wanted to build the Civic Center.

In 1969, MRM opened the building at 2250 NW 1 Ave. which would become the site of the Center for Women & Children, which opened in 1980. Dr. Frank and Maxine Jacobs became MRM's leaders in 1975. Their dedication, vision, and hard work led to expanding services to the homeless and needy for the next 32 years. The present President/CEO, Rev. Ronald Brummitt, of the organization has 26 years of experience working with the homeless and needy of South Florida and has served in this role for 12 years.


Program accomplishments


Needs