Wichita Falls Faith Mission

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 12/7/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Faith Mission provides meals, clothing, shelter, programs and services for men and families. Faith Refuge provides meals, clothing, shelter, programs and services for women and children. With compassion and grace, we are here to help those in need re-build their lives. With Jesus as our example and the Bible as our guide we seek to empower men and women through spiritual, professional and educational growth programs in a faith-based atmosphere.


Contact information

Mailing address:
Wichita Falls Faith Mission
P.O. Box 965
Wichita Falls, TX 76307

Website: faithmissionwf.org

Phone: 940-723-5663

Email: info@faithmissionwf.org


Organization details

EIN: 751779401

CEO/President: Steve Sparks

Chairman: Wynn Heyen

Board size: 11

Founder: Reverend Dick Hogan

Ruling year: 1981

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2018


Purpose

Our vision is to eliminate homelessness.


Mission statement

Our mission is to provide Christ-centered programs and services that lead the homeless toward self-sufficiency.

This is accomplished through collaborative efforts with the community, unique social service programs, volunteers, staff, and a strong Board of Directors. We serve the homeless through two shelters, Faith Mission and Faith Refuge. All services are made possible through the generosity of individuals, churches, businesses, and foundations. Faith Resale & Donation Center also returns profits to help with operating expenses of both shelters.


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 rating309 of 101061 of 159
Fund acquisition rating398 of 101262 of 159
Resource allocation rating240 of 101235 of 159
Asset utilization rating589 of 1010108 of 159

Financial ratios

Funding ratiosSector median20202019201820172015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%8%8%9%10%8%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
9%7%7%9%10%7%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%87%93%96%95%93%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
10%8%8%9%10%6%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%13%7%4%5%7%
 
Operating ratiosSector median20202019201820172015
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%86%85%84%83%85%
Spending ratio Spending ratio =
Total expenses /
Total revenue
95%89%89%95%99%129%
Program output ratio Program output ratio =
Program services /
Total revenue
76%77%76%80%83%109%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
5%11%11%5%1%-29%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
5%6%5%2%0%-9%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%6%7%7%7%10%
 
Investing ratiosSector median20202019201820172015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.580.460.420.420.410.39
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.693.974.856.424.837.13
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.161.812.062.701.992.80
 
Liquidity ratiosSector median20202019201820172015
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.3317.0615.3512.9719.356.65
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.060.070.080.050.15
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.516.245.454.105.723.64
 
Solvency ratiosSector median20202019201820172015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%3%2%3%3%5%
Debt ratio Debt ratio =
Debt /
Total assets
1%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
142%214%230%231%235%243%

Financials

Balance sheet
 
Assets20202019201820172015
Cash$1,335,008$1,018,714$729,281$955,626$637,470
Receivables, inventories, prepaids$78,626$65,707$50,477$63,308$46,859
Short-term investments$0$450$500$0$0
Other current assets$0$0$0$0$0
Total current assets$1,413,634$1,084,871$780,258$1,018,934$684,329
Long-term investments$0$0$0$0$5,328
Fixed assets$4,181,229$4,123,381$4,168,794$3,849,833$4,126,425
Other long-term assets$20,054$53,671$60,527$54,909$63,695
Total long-term assets$4,201,283$4,177,052$4,229,321$3,904,742$4,195,448
Total assets$5,614,917$5,261,923$5,009,579$4,923,676$4,879,777
 
Liabilities20202019201820172015
Payables and accrued expenses$82,869$70,675$60,156$52,658$94,833
Other current liabilities$0$0$0$0$8,000
Total current liabilities$82,869$70,675$60,156$52,658$102,833
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$68,802$52,180$76,007$100,264$122,153
Total long-term liabilities$68,802$52,180$76,007$100,264$122,153
Total liabilities$151,671$122,855$136,163$152,922$224,986
 
Net assets20202019201820172015
Without donor restrictions$5,388,177$5,081,881$4,817,212$4,715,533$4,453,706
With donor restrictions$75,069$57,187$56,204$55,221$201,085
Net assets$5,463,246$5,139,068$4,873,416$4,770,754$4,654,791
 
Revenues and expenses
 
Revenue20202019201820172015
Total contributions$2,517,992$2,323,906$2,131,096$1,932,174$1,387,617
Program service revenue$56,240$9,535$0$0$27,310
Membership dues$0$0$0$0$0
Investment income($24,480)$10,061$13,693$8,014($3,055)
Other revenue$332,483$154,112$64,481$102,246$78,804
Total other revenue$364,243$173,708$78,174$110,260$103,059
Total revenue$2,882,235$2,497,614$2,209,270$2,042,434$1,490,676
 
Expenses20202019201820172015
Program services$2,205,637$1,901,480$1,759,793$1,691,494$1,627,253
Management and general$146,320$149,970$147,221$136,556$183,162
Fundraising$206,100$180,512$199,594$198,687$106,345
Total expenses$2,558,057$2,231,962$2,106,608$2,026,737$1,916,760
 
Change in net assets20202019201820172015
Surplus (deficit)$324,178$265,652$102,662$15,697($426,084)
Other changes in net assets$0$0$0$0$0
Total change in net assets$324,178$265,652$102,662$15,697($426,084)

Compensation

NameTitleCompensation
Steve SparksExecutive Director$66,101

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 12/7/2021. To update the information below, please email: info@ministrywatch.com


History

1958 - Our First Shelter Opened

"God Will Move Into New Mission" declared newspaper man Glenn Shelton on April 14, 1958. Reverend Dick Hogan stepped out in faith to open a homeless shelter without any capital to fund the ministry. In 1958 Faith City Mission came into being on 7th and Ohio St., Wichita Falls, above Hornsby Heavy Hardware. The ministry was a branch effort of a mission with the same name in Amarillo, Texas. In the beginning, ministry was only for transient men. Rev. Dick and Bee Hogan, the founders of both the Amarillo and Wichita Falls missions, personally worked at the Ohio street facility in its early years. The sign above the door told struggling people, "If you are hungry, do not beg or steal. Come eat with us."

1963 - Start Running Out of Room...

In 1963, the mission's leaders realized there were no rooms to meet the needs of families. The leaders started praying and developing plans to increase the services to minister to families. In 1967 Rev. Jim Cook becomes the superintendent. Mr. Cook helped expansion of Faith City Mission.

1963 - Purchased the old Lamar Baptist Church

1988 - Faith Mission Shelter Opens

As programs and services grew, it became evident a larger facility was needed and property was purchased at our current location on Travis Street and construction began. The current Faith Mission shelter at 1300 Travis Street opened on May 23, 1988.

1988 - Addiction Recovery Programs Offered

As a result of the increased space and increasing donations, the ministry was able to provide a new addiction program called Overcomers Recovery Program. The mission started combating homelessness by offering this recovery program. The recovery program continues this day under the name New Beginnings.

2008 - Opening of Faith Resale!

In 2008, we opened our Faith Resale and Donation Center, so people can shop knowing that their purchases and donations will help to end homelessness!

2012 - 2nd Shelter Opens for Women & Families: Faith Refuge

To address the needs of the growing number of homeless women and families, a second shelter was added. Faith Refuge opened on May 7, 2012 with 17 women and seven children moving in. This new $4.4 million facility is located at 710 E. Hatton Rd. and was built debt free with the support of local partnerships and friends across the nation. Above all, the Faith team gives God the glory for providing the resources to complete the new shelter.

2018 - Opened Transitional House for Men

The Transitional Supportive Housing Program was established to provide an additional step toward self-sufficiency for our Program graduates. The program includes up to one year of transitional support, low cost rent, on-going case management, weekly meetings, structure and accountability, and an opportunity to grow in relational skills while sharing in the house governance.

2019 - Opened Transitional House for Women


Program accomplishments

123,362 meals served
16,432 beds of shelter for men
13,988 beds of shelter for women
5,675 beds of shelter for children


Needs

Your Gift to Wichita Falls Faith Mission helps shelter, feed, and provide hope for the homeless.