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: philip@sosmemphis.org


Organization details

EIN: 621760415

CEO/President: Mr. Philip Walkley

Chairman: Mr. Douglas Turner

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:

SOS exists to glorify God by proclaiming the gospel of Jesus Christ in underserved neighborhoods through home repair and leadership development.


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.

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating398 of 59310 of 24
Fund acquisition rating265 of 5938 of 24
Resource allocation rating300 of 5939 of 24
Asset utilization rating508 of 59320 of 24

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%7%7%6%5%7%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%4%4%4%3%4%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
93%55%52%56%62%54%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%4%4%3%3%3%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
7%45%48%44%38%46%
 
Operating ratiosMedian % for
all ministries in
MW database
20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%82%84%84%86%85%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%109%107%105%102%118%
Program output ratio Program output ratio =
Program services /
Total revenue
80%90%89%88%87%101%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%-9%-7%-5%-2%-18%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-3%-3%-2%-1%-8%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%14%13%12%11%12%
 
Investing ratiosMedian measure
for all ministries
in MW database
20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.040.400.400.410.540.49
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.733.233.123.486.416.52
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.181.301.251.443.463.22
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.8411.1720.3612.427.297.66
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.090.050.080.140.13
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.728.429.157.672.993.24
 
Solvency ratiosMedian % for
all ministries in
MW database
20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
11%3%2%2%2%2%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
77%242%246%236%181%198%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$610,749$600,434$598,045$76,593$212,440
Receivables, inventories, prepaids$156,143$239,590$263,555$210,426$75,623
Short-term investments$384,958$377,045$221,221$215,320$209,922
Other current assets$0$0$0$0$0
Total current assets$1,151,850$1,217,069$1,082,821$502,339$497,985
Long-term investments$0$0$0$0$0
Fixed assets$2,563,650$2,570,701$2,626,476$2,719,980$2,750,445
Other long-term assets$0$6,500$58,101$0$0
Total long-term assets$2,563,650$2,577,201$2,684,577$2,719,980$2,750,445
Total assets$3,715,500$3,794,270$3,767,398$3,222,319$3,248,430
 
Liabilities20192018201720162015
Payables and accrued expenses$54,479$51,289$87,196$30,601$30,212
Other current liabilities$48,625$8,500$0$38,270$34,840
Total current liabilities$103,104$59,789$87,196$68,871$65,052
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$103,104$59,789$87,196$68,871$65,052
 
Net assets20192018201720162015
Unrestricted$3,073,795$3,091,374$3,135,116$3,153,448$3,183,378
Temporarily restricted$538,601$643,107$545,086$0$0
Permanently restricted$0$0$0$0$0
Net assets$3,612,396$3,734,481$3,680,202$3,153,448$3,183,378
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$757,766$741,332$826,129$1,053,538$730,139
Program service revenue$600,053$649,959$618,726$631,504$597,540
Membership dues$0$0$0$0$0
Investment income$0$0$0$0$0
Other revenue$14,241$30,455$42,311$25,156$29,683
Total other revenue$614,294$680,414$661,037$656,660$627,223
Total revenue$1,372,060$1,421,746$1,487,166$1,710,198$1,357,362
 
Expenses20192018201720162015
Program services$1,228,125$1,268,187$1,312,817$1,494,366$1,366,293
Management and general$209,971$195,040$190,799$189,772$190,074
Fundraising$56,049$54,269$53,318$55,990$48,182
Total expenses$1,494,145$1,517,496$1,556,934$1,740,128$1,604,549
 
Change in net assets20192018201720162015
Surplus (deficit)($122,085)($95,750)($69,768)($29,930)($247,187)
Other changes in net assets$0$150,029$51,436$0$0
Total change in net assets($122,085)$54,279($18,332)($29,930)($247,187)

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