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
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 571 of 911 | 109 of 159 |
| Fund acquisition rating | | 653 of 913 | 123 of 159 |
| Resource allocation rating | | 544 of 913 | 94 of 159 |
| Asset utilization rating | | 358 of 911 | 74 of 159 |
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
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 ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
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 ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.58 | 0.64 | 0.70 | 0.78 | 0.74 | 0.65 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 3.74 | 2.35 | 2.47 | 3.88 | 2.46 | 1.95 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.24 | 1.50 | 1.72 | 3.02 | 1.83 | 1.27 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Current ratio Current ratio = Total current assets / Total current liabilities | 10.33 | 8.86 | 8.70 | 5.08 | 8.94 | 11.89 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.11 | 0.11 | 0.20 | 0.11 | 0.08 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 4.45 | 7.11 | 6.17 | 3.19 | 5.83 | 8.62 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
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 | |||||
| Assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| 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 |
| Liabilities | 2020 | 2019 | 2018 | 2017 | 2016 |
| 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 assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| 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 | |||||
| Revenue | 2020 | 2019 | 2018 | 2017 | 2016 |
| 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 |
| Expenses | 2020 | 2019 | 2018 | 2017 | 2016 |
| 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 assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| 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
| Name | Title | Compensation |
| Ronald Brummitt | President | $303,996 |
| Marilyn Brummitt | Vice President of Development | $161,856 |
| Gordon Helsby | Comptroller | $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.