Good News 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

The Good News Rescue Mission offers a hand up and the opportunity for New Life in Christ to thousands of men, women and children in our community. Religious non-profit providing emergency services (shelter, meals, clothing) and supportive services (addictions recovery, adult basic education, referral services, job readiness, financial management, etc).


Contact information

Mailing address:
Good News Rescue Mission
2842 S. Market St
Redding, CA 96001

Website: gnrm.org

Phone: 530-242-5920

Email: info@gnrm.org


Organization details

EIN: 941652602

CEO/President: Jonathan Anderson

Chairman: Robert Cronic

Board size: 12

Founder:

Year founded: 1968

Tax deductible: Yes

Fiscal year end: 05/31

Member of ECFA: No

Member of ECFA since:


Purpose

At the Good News Rescue Mission, we believe everyone deserves a second chance and that no one is beyond grace. We make a difference in our community when we come together to share God's love with our neighbors. Whether it's through a hot meal, safe shelter, recovery programs or job-training, your support makes a difference to our neighbors experiencing homelessness and poverty. Jesus showed His love by serving others, and that's what we try to do, too.


Mission statement

The purpose of the Good News Rescue Mission is to bring Good News to the poor, homeless, or needy of Shasta County by: Sharing the love of God exemplified by the life and ministry of Jesus Christ. Providing emergency subsistence services (food, shelter, and clothing). Providing long-term recovery services. Educating and equipping the people of Shasta County to effectively minister to needy people.


Statement of faith

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating725 of 940128 of 160
Fund acquisition rating769 of 942139 of 160
Resource allocation rating654 of 942112 of 160
Asset utilization rating418 of 94086 of 160

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%17%17%18%18%18%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%17%17%17%17%18%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%98%99%95%99%97%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
10%16%16%17%19%19%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%2%1%5%1%3%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%76%74%75%72%71%
Spending ratio Spending ratio =
Total expenses /
Total revenue
95%107%105%104%94%95%
Program output ratio Program output ratio =
Program services /
Total revenue
75%82%78%78%67%67%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
5%-7%-5%-4%6%5%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
4%-7%-4%-4%5%4%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%8%9%8%10%11%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.580.580.540.520.510.50
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.765.626.095.425.795.59
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.243.243.292.842.982.79
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.1415.129.8819.809.0614.35
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.070.100.050.110.07
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.453.463.284.023.593.99
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%41%38%36%36%37%
Debt ratio Debt ratio =
Debt /
Total assets
1%39%36%35%34%35%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
141%102%115%122%124%126%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$1,113,359$995,127$1,172,264$1,140,806$1,146,147
Receivables, inventories, prepaids$130,800$158,808$148,314$141,405$119,141
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$1,244,159$1,153,935$1,320,578$1,282,211$1,265,288
Long-term investments$0$0$0$0$0
Fixed assets$5,591,442$5,747,966$5,711,521$6,008,572$5,680,049
Other long-term assets$156,159$129,000$129,000$129,000$129,000
Total long-term assets$5,747,601$5,876,966$5,840,521$6,137,572$5,809,049
Total assets$6,991,760$7,030,901$7,161,099$7,419,783$7,074,337
 
Liabilities20202019201820172016
Payables and accrued expenses$24,474$86,807$66,687$141,484$88,176
Other current liabilities$57,808$30,000$0$0$0
Total current liabilities$82,282$116,807$66,687$141,484$88,176
Debt$2,725,581$2,500,000$2,500,000$2,530,798$2,500,000
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$90,602$40,924$37,550$30,023$20,859
Total long-term liabilities$2,816,183$2,540,924$2,537,550$2,560,821$2,520,859
Total liabilities$2,898,465$2,657,731$2,604,237$2,702,305$2,609,035
 
Net assets20202019201820172016
Without donor restrictions$4,035,843$4,309,439$4,497,925$4,476,078$4,295,710
With donor restrictions$57,452$63,731$58,937$241,400$169,592
Net assets$4,093,295$4,373,170$4,556,862$4,717,478$4,465,302
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$3,684,934$3,578,266$3,411,450$4,025,561$3,601,565
Program service revenue$0$12,263$11,826$11,107$14,425
Membership dues$0$0$0$0$0
Investment income$16,619$15,581$12,065$9,827$6,435
Other revenue$49,210$6,064$150,966$22,830$97,476
Total other revenue$65,829$33,908$174,857$43,764$118,336
Total revenue$3,750,763$3,612,174$3,586,307$4,069,325$3,719,901
 
Expenses20202019201820172016
Program services$3,078,523$2,827,240$2,811,538$2,739,158$2,495,397
Management and general$320,365$342,680$313,667$368,634$378,459
Fundraising$631,750$625,946$621,718$709,357$662,396
Total expenses$4,030,638$3,795,866$3,746,923$3,817,149$3,536,252
 
Change in net assets20202019201820172016
Surplus (deficit)($279,875)($183,692)($160,616)$252,176$183,649
Other changes in net assets$0$0$0$0$0
Total change in net assets($279,875)($183,692)($160,616)$252,176$183,649

Compensation

NameTitleCompensation
Jonathan AndersonExecutive Dir.$74,693
Kenneth HadleyFormer Controller$53,433

Compensation data as of: 5/31/2020


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

Founded in 1964 by a group of concerned Christians, the Good News Rescue Mission has since offered a hand up out of emotional, physical and spiritual poverty to thousands. What started as a 3 bedroom shelter for men has grown into a 389-bed facility offering various services to men, women and children in need. All free of charge. Our heart for Shasta County continues to expand along with our services.


Program accomplishments


Needs