Dallas Life 
The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 12/14/2020. To update the information in this column, please email: info@ministrywatch.com
Summary
Dallas Life is the largest homeless shelter in North Texas, housing up to 500 people per night.
Contact information
Mailing address:
Dallas Life
PO Box 130116
Dallas, TX 75313
Website: dallaslife.org
Phone: 214-421-1380
Email: info@dallaslife.org
Organization details
EIN: 752336522
CEO/President: Robert Sweeney
Chairman: M.L. Nelson
Board size: 12
Founder: Robert J. Key
Year founded: 1995
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 2000
Purpose
Dallas LIFE welcomes the needy. Whether it is a homeless man, a single mother with children, or an entire family, Dallas LIFE is a safe place to recover from the trauma of homelessness. Some come beaten and bruised; others addicted and confused. All need a fresh start and a loving hand-up. At Dallas LIFE we meet these needs every day!
Mission statement
Dallas Life reaches out to homeless men, women and children with food, clothing, shelter, education and long-term rehabilitation programs founded on spiritual principals and the teachings of Jesus Christ.
Statement of faith
From daily chapel services to Sunday worship to prayer meetings and Bible study, Dallas LIFE touches each resident with the truths that: - God knows and loves each one of us personally. - Each one of us falls short of God's standard because of our sin. - God sent Jesus Christ to pay the penalty for our falling short. - We can be restored to God and have eternal life in heaven by accepting what Jesus gave for us. We believe so strongly that healing spiritually is the basis for whole-person recovery, we have a full-time chaplain on our staff who interacts with each resident and directs our spiritual program.
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 | | 274 of 913 | 58 of 160 |
| Fund acquisition rating | | 172 of 915 | 28 of 160 |
| Resource allocation rating | | 412 of 915 | 70 of 160 |
| Asset utilization rating | | 503 of 913 | 102 of 160 |
Financial ratios
| Funding ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 10% | 4% | 12% | 6% | 10% | 7% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 9% | 4% | 10% | 5% | 9% | 6% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 91% | 93% | 85% | 86% | 85% | 88% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 10% | 9% | 11% | 9% | 8% | 6% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 9% | 7% | 15% | 14% | 15% | 12% |
| Operating ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Program expense ratio Program expense ratio = Program services / Total expenses | 79% | 82% | 81% | 84% | 83% | 84% |
Spending ratio Spending ratio = Total expenses / Total revenue | 96% | 44% | 93% | 57% | 112% | 103% |
Program output ratio Program output ratio = Program services / Total revenue | 76% | 36% | 75% | 48% | 93% | 87% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 4% | 56% | 7% | 43% | -12% | -3% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 3% | 48% | 6% | 58% | -21% | -5% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 9% | 9% | 8% | 7% | 9% | 11% |
| Investing ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.58 | 0.34 | 0.76 | 0.76 | 1.80 | 1.34 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 3.76 | 1.75 | 1.46 | 1.36 | 3.04 | 2.55 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.26 | 0.60 | 1.11 | 1.03 | 5.46 | 3.43 |
| Liquidity ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Current ratio Current ratio = Total current assets / Total current liabilities | 10.19 | 9.92 | 38.51 | 75.50 | 7.47 | 14.55 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.08 | 0.10 | 0.03 | 0.01 | 0.13 | 0.07 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 4.45 | 18.11 | 10.53 | 11.52 | 1.90 | 3.26 |
| Solvency ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 10% | 9% | 2% | 1% | 4% | 3% |
Debt ratio Debt ratio = Debt / Total assets | 1% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 141% | 268% | 130% | 131% | 53% | 72% |
Financials
| Balance sheet | |||||
| Assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Cash | $4,273,740 | $2,151,512 | $1,862,865 | $622,621 | $772,296 |
| Receivables, inventories, prepaids | $2,595,805 | $1,798,619 | $2,081,478 | $141,867 | $306,337 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $6,869,545 | $3,950,131 | $3,944,343 | $764,488 | $1,078,633 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $5,127,375 | $1,731,790 | $1,306,341 | $1,458,815 | $1,626,804 |
| Other long-term assets | $0 | $101,920 | $100,000 | $100,000 | $50,000 |
| Total long-term assets | $5,127,375 | $1,833,710 | $1,406,341 | $1,558,815 | $1,676,804 |
| Total assets | $11,996,920 | $5,783,841 | $5,350,684 | $2,323,303 | $2,755,437 |
| Liabilities | 2019 | 2018 | 2017 | 2016 | 2015 |
| Payables and accrued expenses | $692,591 | $102,564 | $52,242 | $102,374 | $74,133 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $692,591 | $102,564 | $52,242 | $102,374 | $74,133 |
| Debt | $7,785 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $330,841 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $338,626 | $0 | $0 | $0 | $0 |
| Total liabilities | $1,031,217 | $102,564 | $52,242 | $102,374 | $74,133 |
| Net assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Without donor restrictions | $1,996,207 | $1,773,680 | $1,811,973 | $2,070,507 | $2,556,304 |
| With donor restrictions | $8,969,496 | $3,907,597 | $3,486,469 | $150,422 | $125,000 |
| Net assets | $10,965,703 | $5,681,277 | $5,298,442 | $2,220,929 | $2,681,304 |
| Revenues and expenses | |||||
| Revenue | 2019 | 2018 | 2017 | 2016 | 2015 |
| Total contributions | $8,725,009 | $4,003,913 | $6,114,944 | $3,157,593 | $3,138,409 |
| Program service revenue | $513,659 | $521,437 | $744,152 | $425,497 | $307,028 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $4,239 | $5,322 | $2,096 | $1,646 | $3,367 |
| Other revenue | $135,494 | $188,456 | $270,887 | $127,296 | $127,424 |
| Total other revenue | $653,392 | $715,215 | $1,017,135 | $554,439 | $437,819 |
| Total revenue | $9,378,401 | $4,719,128 | $7,132,079 | $3,712,032 | $3,576,228 |
| Expenses | 2019 | 2018 | 2017 | 2016 | 2015 |
| Program services | $3,355,716 | $3,552,087 | $3,388,806 | $3,469,514 | $3,100,893 |
| Management and general | $357,682 | $354,684 | $296,398 | $379,803 | $390,396 |
| Fundraising | $380,577 | $479,522 | $369,362 | $323,090 | $209,990 |
| Total expenses | $4,093,975 | $4,386,293 | $4,054,566 | $4,172,407 | $3,701,279 |
| Change in net assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Surplus (deficit) | $5,284,426 | $332,835 | $3,077,513 | ($460,375) | ($125,051) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $5,284,426 | $332,835 | $3,077,513 | ($460,375) | ($125,051) |
Compensation
| Name | Title | Compensation |
| Reverend Robert Sweeney | Executive Director | $194,495 |
Compensation data as of: 12/31/2019
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 12/14/2020. To update the information below, please email: info@ministrywatch.com
History
The story of Dallas LIFE starts with a man named Reverend Robert J. Key, one of the founders of the Union Gospel Mission in 1949. With Dallas' homeless population growing in the post war years, Reverend Key left UGM to begin establishing the Dallas Rescue Mission. It was this endeavor that would become Dallas LIFE, now the largest homeless shelter in North Texas.