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

CategoryRatingOverall rankSector rank
Overall efficiency rating274 of 91358 of 160
Fund acquisition rating172 of 91528 of 160
Resource allocation rating412 of 91570 of 160
Asset utilization rating503 of 913102 of 160

Financial ratios

Funding ratiosSector median20192018201720162015
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 ratiosSector median20192018201720162015
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 ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.580.340.760.761.801.34
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.761.751.461.363.042.55
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.260.601.111.035.463.43
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.199.9238.5175.507.4714.55
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.100.030.010.130.07
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.4518.1110.5311.521.903.26
 
Solvency ratiosSector median20192018201720162015
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
 
Assets20192018201720162015
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
 
Liabilities20192018201720162015
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 assets20192018201720162015
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
 
Revenue20192018201720162015
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
 
Expenses20192018201720162015
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 assets20192018201720162015
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

NameTitleCompensation
Reverend Robert SweeneyExecutive 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.


Program accomplishments


Needs