Miami Rescue Mission

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

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 rating333 of 4944 of 13
Fund acquisition rating380 of 4949 of 13
Resource allocation rating111 of 4941 of 13
Asset utilization rating414 of 4946 of 13

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%11%11%13%13%13%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%11%10%6%12%12%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%92%92%43%92%92%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%10%9%11%12%12%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%8%8%57%8%8%
 
Operating ratiosMedian % for
all ministries in
MW database
20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%87%87%85%84%85%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%105%111%55%100%97%
Program output ratio Program output ratio =
Program services /
Total revenue
81%91%96%47%85%82%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%-5%-11%45%0%3%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%-4%-8%56%0%4%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%3%4%5%3%3%
 
Investing ratiosMedian measure
for all ministries
in MW database
20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.190.780.740.651.341.31
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.523.882.461.953.033.35
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.313.021.831.274.054.38
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.125.088.9411.893.713.55
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.200.110.080.270.28
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.413.195.838.622.161.97
 
Solvency ratiosMedian % for
all ministries in
MW database
20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%5%5%5%9%9%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%1%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
70%121%128%146%68%70%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$3,825,846$11,679,599$15,617,056$3,383,003$3,202,985
Receivables, inventories, prepaids$828,317$1,116,930$1,825,205$1,547,363$1,217,181
Short-term investments$3,202,191$0$0$251,631$251,380
Other current assets$0$0$0$0$0
Total current assets$7,856,354$12,796,529$17,442,261$5,181,997$4,671,546
Long-term investments$4,251,614$0$0$0$382,955
Fixed assets$18,259,053$18,643,553$16,435,815$10,466,086$10,601,374
Other long-term assets$79,638$78,904$82,556$72,799$10,128
Total long-term assets$22,590,305$18,722,457$16,518,371$10,538,885$10,994,457
Total assets$30,446,659$31,518,986$33,960,632$15,720,882$15,666,003
 
Liabilities20182017201620152014
Payables and accrued expenses$547,127$430,952$466,906$396,176$315,464
Other current liabilities$1,000,000$1,000,000$1,000,000$1,000,000$1,000,000
Total current liabilities$1,547,127$1,430,952$1,466,906$1,396,176$1,315,464
Debt$81,900$93,815$114,461$84,458$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$64,295
Total long-term liabilities$81,900$93,815$114,461$84,458$64,295
Total liabilities$1,629,027$1,524,767$1,581,367$1,480,634$1,379,759
 
Net assets20182017201620152014
Unrestricted$28,617,681$29,790,942$32,178,380$14,012,498$14,033,708
Temporarily restricted$174,951$178,277$175,885$202,750$227,536
Permanently restricted$25,000$25,000$25,000$25,000$25,000
Net assets$28,817,632$29,994,219$32,379,265$14,240,248$14,286,244
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$20,879,955$19,365,043$17,367,998$19,356,087$19,416,161
Program service revenue$1,731,166$1,635,562$1,708,870$1,593,459$1,597,165
Membership dues$0$0$0$0$0
Investment income$39,010$19,868$21,296,101$5,301$6,013
Other revenue$0$0$0$0$0
Total other revenue$1,770,176$1,655,430$23,004,971$1,598,760$1,603,178
Total revenue$22,650,131$21,020,473$40,372,969$20,954,847$21,019,339
 
Expenses20182017201620152014
Program services$20,593,066$20,280,130$18,796,192$17,736,466$17,333,831
Management and general$744,055$947,168$1,096,292$666,584$641,776
Fundraising$2,400,969$2,178,221$2,341,468$2,597,793$2,477,287
Total expenses$23,738,090$23,405,519$22,233,952$21,000,843$20,452,894
 
Change in net assets20182017201620152014
Surplus (deficit)($1,087,959)($2,385,046)$18,139,017($45,996)$566,445
Other changes in net assets$0$0$0$0$0
Total change in net assets($1,087,959)($2,385,046)$18,139,017($45,996)$566,445

Response from ministry

No response has been provided by this ministry.


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