Service Over Self, Inc.

Summary

Service Over Self (SOS) exists to glorify God by proclaiming the gospel of Jesus Christ in word and deed through urban home repair camps.

Thousands of homes in Memphis are in shocking condition. Many are unsafe to live in. Elderly persons and families live in fear-dreading the next rain, the next cold snap, the next inflated utility bill due to poor insulation, or the next salesperson promising a quick fix for a small monthly payment. SOS is seeking to improve the housing conditions of disadvantaged persons in Memphis, TN. The organization is committed to providing free home repair service to deserving families in Memphis neighborhoods.


Contact information

Mailing address:
2505 Poplar Ave.
Memphis, TN 38112-8112

Website: www.sosmemphis.org

Phone: (901) 681-9044

Email: laurap@sosmemphis.org


Organization details

EIN: 621760415

CEO/President: Mr. Philip Walkley

Chairman: Mr. Floyd Harvey

Board size: 21

Founder:

Year founded: 1986

Tax deductible: Yes

Fiscal year end: 09/30

Member of ECFA: No

Member of ECFA since:


Purpose

Service Over Self (SOS) exists to glorify God by proclaiming the gospel of Jesus Christ in word and deed through urban home repair camps.

Thousands of homes in Memphis are in shocking condition. Many are unsafe to live in. Elderly persons and families live in fear-dreading the next rain, the next cold snap, the next inflated utility bill due to poor insulation, or the next salesperson promising a quick fix for a small monthly payment. SOS is seeking to improve the housing conditions of disadvantaged persons in Memphis, TN. The organization is committed to providing free home repair service to deserving families in Memphis neighborhoods.

Since 1986, more than 10,000 SOS volunteers have repaired hundreds of homes, working to make them safer, drier and warmer. SOS offers nine one-week sessions each summer for college, senior high and junior high groups. And SOS offers six one-week sessions each spring for college and senior high groups. Each session provides as many as 200 volunteers with urban home repair work each day, worship and God's Word each night.


Mission statement

Service Over Self uses the following to express its Mission Statement:

"As an expression of Christ's love, Service Over Self seeks to empower persons and transform neighborhoods by utilizing volunteers to renovate homes of economically disadvantaged homeowners in Memphis, Tennessee."


Statement of faith

Service Over Self uses the following to express its Statement of Faith:

1. We believe that the Bible is the divinely inspired Word of God. It is God's revelation of Himself to mankind. Therefore, the Bible is Truth and is our authority in all matters of our life and ministry. Please see 1 Thessalonians 2:13, 2 Timothy 3:16-17, and 2 Peter 1:21.

2. We believe in one God revealed in three persons. We believe God is our creator, and therefore, we are accountable to Him. We believe in God who is both equally and completely loving and holy. Please see Acts 17:24-27, Exodus 34:6-7, and 1 John 4:16.

3. We believe that sin entered the world through the Fall of Adam and Eve. We believe that all mankind is conceived and born in this lost and fallen state. We believe the result of this sin is death and eternal separation from God, our creator. Please see Genesis 3:1-6, Romans 5:12, 1John 1:8, Romans 3:23, Hebrews 9:27, Romans 6:23, Matthew 25:32,33,41.

4. We believe in the deity of Jesus Christ, His virgin birth, sinless life, death, bodily resurrection, personal return and present exaltation at God's right hand. Please see John 1:1-17, 1 John 3:5, Mark 16:19, Acts 1:11.

5. We believe in the resurrection of the saved to everlasting life and joy in heaven and the resurrection of the unsaved unto everlasting punishment. Please see Matthew 25:32-41, 2 Thessalonians 1:5-10, Revelation 20:15-Revelation 21:4.

6. We believe in salvation from God's punishment and to eternal life by God's grace through faith alone in the perfect life, substitutionary death and shed blood of Jesus Christ our Lord and Savoir. Please see 1 Peter 1:18-19, 1 Corinthians 15:3, 1 Peter 3:18.

7. We believe that God's great call and commission to His people is to live lives obedient to His Word and to go into all the world and preach the Good News of Jesus Christ to all people, baptizing and discipling all those who believe. Please see Matthew 28:19-20, Acts 1:8, 1 Thessalonians 4:1-7, 1 Peter 2:9.

Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating258 of 4307 of 23
Fund acquisition rating197 of 4307 of 23
Resource allocation rating163 of 4309 of 23
Asset utilization rating382 of 43018 of 23

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20172016201520142013
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%6%5%7%6%7%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%4%3%4%4%4%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%56%62%54%59%53%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%3%3%3%3%3%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%44%38%46%41%47%
 
Operating ratiosMedian % for
all ministries in
MW database
20172016201520142013
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%84%86%85%85%84%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%105%102%118%109%107%
Program output ratio Program output ratio =
Program services /
Total revenue
81%88%87%101%92%89%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%-5%-2%-18%-9%-7%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-2%-1%-8%-4%-2%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%12%11%12%12%13%
 
Investing ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.320.410.540.490.440.37
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.533.486.416.525.255.03
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.531.443.463.222.331.88
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.1012.427.297.6630.4620.56
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.080.140.130.030.05
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.067.672.993.244.986.08
 
Solvency ratiosMedian % for
all ministries in
MW database
20172016201520142013
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%2%2%2%1%1%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
64%236%181%198%224%265%

Financials

Balance sheet
 
Assets20172016201520142013
Cash$598,045$76,593$212,440$495,074$621,125
Receivables, inventories, prepaids$263,555$210,426$75,623$162,258$93,512
Short-term investments$221,221$215,320$209,922$0$0
Other current assets$0$0$0$0$0
Total current assets$1,082,821$502,339$497,985$657,332$714,637
Long-term investments$0$0$0$0$0
Fixed assets$2,626,476$2,719,980$2,750,445$2,794,816$2,878,016
Other long-term assets$58,101$0$0$0$0
Total long-term assets$2,684,577$2,719,980$2,750,445$2,794,816$2,878,016
Total assets$3,767,398$3,222,319$3,248,430$3,452,148$3,592,653
 
Liabilities20172016201520142013
Payables and accrued expenses$87,196$30,601$30,212$21,248$26,003
Other current liabilities$0$38,270$34,840$335$8,750
Total current liabilities$87,196$68,871$65,052$21,583$34,753
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$0$0$0$0
Total liabilities$87,196$68,871$65,052$21,583$34,753
 
Net assets20172016201520142013
Unrestricted$3,135,116$3,153,448$3,183,378$3,430,565$3,557,900
Temporarily restricted$545,086$0$0$0$0
Permanently restricted$0$0$0$0$0
Net assets$3,680,202$3,153,448$3,183,378$3,430,565$3,557,900
 
Revenues and expenses
 
Revenue20172016201520142013
Total contributions$826,129$1,053,538$730,139$834,117$668,098
Program service revenue$618,726$631,504$597,540$544,761$580,974
Membership dues$0$0$0$0$0
Investment income$0$0$0$0$0
Other revenue$42,311$25,156$29,683$24,608$10,951
Total other revenue$661,037$656,660$627,223$569,369$591,925
Total revenue$1,487,166$1,710,198$1,357,362$1,403,486$1,260,023
 
Expenses20172016201520142013
Program services$1,312,817$1,494,366$1,366,293$1,294,151$1,124,794
Management and general$190,799$189,772$190,074$185,737$173,089
Fundraising$53,318$55,990$48,182$50,933$44,114
Total expenses$1,556,934$1,740,128$1,604,549$1,530,821$1,341,997
 
Change in net assets20172016201520142013
Surplus (deficit)($69,768)($29,930)($247,187)($127,335)($81,974)
Other changes in net assets$51,436$0$0$0$0
Total change in net assets($18,332)($29,930)($247,187)($127,335)($81,974)

Response from ministry

No response has been provided by this ministry.


History


Program accomplishments

2001 Accomplishments
37 homes, in distressed neighborhoods, were renovated by approximately 965 volunteers.


Needs