Downtown Rescue Mission Inc
- Assets
- $20.5m
- Revenue
- $14.2m
- Investments
- $0.0
- Employees
- 232
- Location
- Huntsville, AL
- Founding
- 07/1979
- Data as of
- 06/2023
- EIN
- 63-0735295
Organization Overview
Downtown Rescue Mission Inc is located in Huntsville, AL. The organization was established in 1979. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Downtown Rescue Mission Inc employed 232 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Rescue Mission Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Downtown Rescue Mission Inc generated $14.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $11.2m during the year ending 06/2023. While expenses have increased by 5.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE STATEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION PROVIDES HOUSING AND MEALS FOR THE HOMELESS. THE MISSION MANAGES A WORK THERAPY PROGRAM FOR THE HOMELESS. THE MISSION PROMOTES A RELIGIOUS SOLUTION TO PROBLEMS OF THE HOMELESS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Fagan Chairman | OfficerTrustee | 5 | $0 |
John Gibson Vice-Chairman | OfficerTrustee | 5 | $0 |
Jason Walton Secretary | OfficerTrustee | 5 | $0 |
Joy Parker Treasurer | OfficerTrustee | 5 | $0 |
Alan Baggett Member | Trustee | 1 | $0 |
Caitlin Campbell Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,320,081 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,730,211 |
| Noncash contributions included in lines 1a–1f | $1,067,702 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,050,292 |
| Total Program Service Revenue | $92,116 |
| Investment income | $720 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $22,253 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,165,381 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $155,683 |
| Compensation of current officers, directors, key employees. | $15,568 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,024,811 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,982 |
| Payroll taxes | $335,570 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,036 |
| Fees for services: Accounting | $10,179 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $115,584 |
| Office expenses | $900,021 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,149,041 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,550 |
| Interest | $266,610 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $576,686 |
| Insurance | $1,051,795 |
| All other expenses | $2,017,012 |
| Total functional expenses | $11,240,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $980,652 |
| Savings and temporary cash investments | $1,001,405 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $607,762 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $55,628 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $16,530,666 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,310,018 |
| Total assets | $20,486,131 |
| Accounts payable and accrued expenses | $400,180 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,033,287 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,554,809 |
| Total liabilities | $6,988,276 |
| Net assets without donor restrictions | $13,254,235 |
| Net assets with donor restrictions | $243,620 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $20,486,131 |