Denver Rescue Mission 
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
During the year, Denver Rescue Mission provides shelter, food, clothing, education, Christian teaching, and work discipline to meet individuals at their physical and spiritual points of need.
Contact information
Mailing address:
Denver Rescue Mission
PO Box 5206
Denver, CO 80217
Website: www.denverrescuemission.org
Phone: (303) 297-1815
Email: info@denrescue.org
Organization details
EIN: 846038762
CEO/President: Brad Meuli
Chairman: Joseph Fortna
Board size: 13
Founder: Joshua Gravett
Year founded: 1931
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: Yes
Member of ECFA since: 1991
Purpose
Deeply rooted in our history is a love of Christ and a desire to share that love with others through critical services and life-changing programs.
Mission statement
Denver Rescue Mission is changing lives in the name of Christ by meeting people at their physical and spiritual points of need with the goal of returning them to society as productive, self-sufficient citizens.
Statement of faith
Denver Rescue Mission is a non-denominational Christian organization. We are committed to the following essential truths of biblical Christianity. The divine inspiration of the Bible and its importance as the only rule of faith and practice. (2 Timothy 3:16, 2 Peter 1:21, John 17:17) The unique Deity of our Lord and Savior, Jesus Christ. (John 1:1-3, Hebrews 1:1-8, Isaiah 7:14) Salvation by grace, through faith in our Lord and Savior, Jesus Christ. (Romans 3:24-26, Ephesians 2:8-9, Romans 5:1-2) The responsibility and duty of every believer to live a godly life in Jesus Christ and give the gospel to every creature. (Mark 16:15, Ephesians 2:10) The personal, visible and imminent return of our Lord and Savior, Jesus Christ. (Acts 1:10-11, John 14:3)
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 | | 291 of 913 | 59 of 160 |
| Fund acquisition rating | | 567 of 915 | 98 of 160 |
| Resource allocation rating | | 312 of 915 | 50 of 160 |
| Asset utilization rating | | 250 of 913 | 54 of 160 |
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 10% | 13% | 13% | 15% | 15% | 16% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 9% | 12% | 13% | 13% | 14% | 15% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 91% | 93% | 96% | 90% | 95% | 94% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 10% | 13% | 13% | 14% | 15% | 16% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 9% | 7% | 4% | 10% | 5% | 6% |
| Operating ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Program expense ratio Program expense ratio = Program services / Total expenses | 79% | 83% | 83% | 81% | 80% | 80% |
Spending ratio Spending ratio = Total expenses / Total revenue | 96% | 88% | 99% | 93% | 98% | 97% |
Program output ratio Program output ratio = Program services / Total revenue | 76% | 74% | 82% | 75% | 79% | 78% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 4% | 12% | 1% | 7% | 2% | 3% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 3% | 12% | 1% | 6% | 2% | 3% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 9% | 4% | 4% | 5% | 5% | 4% |
| Investing ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.58 | 0.83 | 0.86 | 0.80 | 0.82 | 0.82 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 3.76 | 2.92 | 3.52 | 3.71 | 4.33 | 4.76 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.26 | 2.41 | 3.04 | 2.98 | 3.55 | 3.89 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Current ratio Current ratio = Total current assets / Total current liabilities | 10.19 | 7.30 | 6.24 | 6.64 | 3.72 | 5.64 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.08 | 0.14 | 0.16 | 0.15 | 0.27 | 0.18 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 4.45 | 4.29 | 3.32 | 3.42 | 2.47 | 2.54 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 10% | 7% | 10% | 11% | 15% | 14% |
Debt ratio Debt ratio = Debt / Total assets | 1% | 2% | 6% | 7% | 9% | 10% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 141% | 112% | 104% | 111% | 103% | 105% |
Financials
| Balance sheet | |||||
| Assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Cash | $4,063,133 | $2,312,961 | $2,566,500 | $5,962,555 | $4,196,863 |
| Receivables, inventories, prepaids | $2,253,776 | $1,791,439 | $1,217,594 | $1,390,390 | $1,124,540 |
| Short-term investments | $9,127,942 | $7,624,035 | $7,262,419 | $2,004,931 | $2,990,000 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $15,444,851 | $11,728,435 | $11,046,513 | $9,357,876 | $8,311,403 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $29,505,955 | $29,318,992 | $29,729,261 | $30,895,169 | $30,953,957 |
| Other long-term assets | $152,842 | $204,390 | $212,194 | $291,649 | $299,880 |
| Total long-term assets | $29,658,797 | $29,523,382 | $29,941,455 | $31,186,818 | $31,253,837 |
| Total assets | $45,103,648 | $41,251,817 | $40,987,968 | $40,544,694 | $39,565,240 |
| Liabilities | 2020 | 2019 | 2018 | 2017 | 2016 |
| Payables and accrued expenses | $2,100,736 | $1,837,320 | $1,609,673 | $2,472,015 | $1,444,327 |
| Other current liabilities | $14,993 | $41,987 | $54,540 | $41,094 | $28,529 |
| Total current liabilities | $2,115,729 | $1,879,307 | $1,664,213 | $2,513,109 | $1,472,856 |
| Debt | $953,171 | $2,309,037 | $2,680,646 | $3,672,718 | $3,956,222 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $122,856 | $39,259 | $39,418 | $36,236 | $39,441 |
| Total long-term liabilities | $1,076,027 | $2,348,296 | $2,720,064 | $3,708,954 | $3,995,663 |
| Total liabilities | $3,191,756 | $4,227,603 | $4,384,277 | $6,222,063 | $5,468,519 |
| Net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Without donor restrictions | $41,324,389 | $35,352,135 | $35,122,967 | $33,076,642 | $33,345,729 |
| With donor restrictions | $587,503 | $1,672,079 | $1,480,724 | $1,245,989 | $750,992 |
| Net assets | $41,911,892 | $37,024,214 | $36,603,691 | $34,322,631 | $34,096,721 |
| Revenues and expenses | |||||
| Revenue | 2020 | 2019 | 2018 | 2017 | 2016 |
| Total contributions | $39,345,479 | $34,424,260 | $31,585,740 | $32,135,180 | $31,358,331 |
| Program service revenue | $2,647,516 | $1,868,321 | $1,717,672 | $1,542,123 | $1,297,473 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $129,540 | ($288,590) | $1,899,898 | $10,801 | $542,673 |
| Other revenue | $41,279 | $17,990 | $71,213 | $69,790 | $30,150 |
| Total other revenue | $2,818,335 | $1,597,721 | $3,688,783 | $1,622,714 | $1,870,296 |
| Total revenue | $42,163,814 | $36,021,981 | $35,274,523 | $33,757,894 | $33,228,627 |
| Expenses | 2020 | 2019 | 2018 | 2017 | 2016 |
| Program services | $31,037,272 | $29,549,412 | $26,588,674 | $26,680,904 | $25,907,612 |
| Management and general | $1,317,666 | $1,432,368 | $1,760,482 | $1,652,662 | $1,365,939 |
| Fundraising | $4,935,250 | $4,626,836 | $4,586,077 | $4,878,070 | $5,078,357 |
| Total expenses | $37,290,188 | $35,608,616 | $32,935,233 | $33,211,636 | $32,351,908 |
| Change in net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Surplus (deficit) | $4,873,626 | $413,365 | $2,339,290 | $546,258 | $876,719 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $4,873,626 | $413,365 | $2,339,290 | $546,258 | $876,719 |
Compensation
| Name | Title | Compensation |
| Brad Meuli | President/CEO | $241,980 |
| Griff Freyschlag | VP Development | $153,486 |
| Josh Geppelt | VP of Programs | $117,028 |
| John Morarie | VP Operations | $108,450 |
| Kevin Mann | CFO | $19,352 |
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 12/14/2020. To update the information below, please email: info@ministrywatch.com
History
In 1892, Joshua Gravett opened a home for former prostitutes called "Market Street Mission," with a vision to see broken lives restored. Today, as Denver Rescue Mission, his vision is still the driving force behind all we do for homeless men, women and children. In 1988, the Mission acquired Mercy Farm in Wellington, Colorado, and renamed it Harvest Farm. In 1989, the Mission started its first computer-based Literacy and Education Center, an award-winning program providing men and women staying at the Mission with the opportunity to improve their academic skills and life skills. In 1991, Cowles Media donated a 37,000-square-foot building to become the Ministry Outreach Center, serving as the central warehouse for food, clothing and furniture. In 1998, our family outreach was founded by former Bronco, Mike Horan, and his wife, Kim, and ministered exclusively to homeless working families. Brad Meuli becomes President and Chief Executive Officer of the Mission in 2001. In 2005, the Mission purchased a 94,000-square-foot former hotel on Smith Road and named it The Crossing. After extensive renovation, this facility is now home to the New Life Program for men in Denver, the STAR transitional program for families in need and the New Life Post-Graduate program. In November 2005, the Family Services was developed to incorporate our three family and transitional programs: STAR Transitional Program: Provides affordable transitional program for up to 90 homeless families at The Crossing. Each family is matched with a case manager to guide them toward self-sufficiency. Family Rescue Ministry (FRM): Provides assistance for permanent housing and mentoring for homeless working families and disabled families to help them rebuild their lives. Family Refugee Services (FRS): Provides housing assistance and other services for refugee families as they transition to a new life in the United States. In November 2012, Denver Rescue Mission acquired Open Door Mission in Fort Collins, just 9 miles from Harvest Farm, and renamed it Fort Collins Rescue Mission (FCRM) to transform the lives of men and women. In 2012, a warehouse on Holly Street was purchased, providing 15,000 more square feet than the previous warehouse. The Mission also purchased Pilgrim's Rest Church to serve as a new site for the Administrative offices. In 2015, the Mission opened a safe, drug- and alcohol-free community center for people experiencing homelessness to go to during the day. The courtyard serves as a queuing area for men and women waiting to access various Mission services.