Civic Intelligence

Goodwill Recsue Mission Inc.

990 • Fiscal year 2016 • EIN 22-1487207

May 01, 2015 to Apr 30, 2016 • Filed on Mar 13, 2016

79 University AvenueNewark, NJ 07102

(973) 621-0016

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

71st percentile

0.44x

Higher debt load relative to assets than 71% of similar nonprofits.

2016 filings • NTEE P • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

65th percentile

0.21x

Higher debt load relative to revenue than 65% of similar nonprofits.

2016 filings • NTEE P • $1M-$5M nonprofits • Source year 2016

Net Margin

25th percentile

-4.5%

Higher net margin than 25% of similar nonprofits.

2016 filings • NTEE P • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

71st percentile

$113,231

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

2016 filings • NTEE P • $1M-$5M nonprofits • Source year 2016

Asset Growth

51st percentile

1.8%

Faster asset growth than 51% of similar nonprofits.

2016 filings • NTEE P • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

17th percentile

-10%

Faster revenue growth than 17% of similar nonprofits.

2016 filings • NTEE P • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,003,092

Up $18,199 (+1.8%) from 2015

Net Assets

Down

$559,105

Down $54,994 (-9.0%) from 2015

Liabilities

Up

$443,987

Up $73,193 (+20%) from 2015

Revenue

Down

$2,110,874

Down $246,229 (-10%) from 2015

Expenses

Up

$2,205,868

Up $84,713 (+4.0%) from 2015

Net Income

Down

-$94,994

Down $330,942 (-140%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $736,852Liabilities 2012: $328,520Net Assets 2012: $408,3322012Assets 2013: $686,770Liabilities 2013: $308,641Net Assets 2013: $378,1292013Assets 2014: $749,204Liabilities 2014: $371,053Net Assets 2014: $378,1512014Assets 2015: $984,893Liabilities 2015: $370,794Net Assets 2015: $614,0992015Assets 2016: $1,003,092Liabilities 2016: $443,987Net Assets 2016: $559,1052016Assets 2017: $2,917,642Liabilities 2017: $241,885Net Assets 2017: $2,675,7572017Assets 2018: $2,758,327Liabilities 2018: $687,658Net Assets 2018: $2,070,6692018Assets 2019: $2,718,852Liabilities 2019: $1,307,680Net Assets 2019: $1,411,1722019Assets 2020: $2,817,090Liabilities 2020: $778,085Net Assets 2020: $2,039,0052020Assets 2021: $2,639,863Liabilities 2021: $488,691Net Assets 2021: $2,151,1722021Assets 2022: $2,831,594Liabilities 2022: $241,784Net Assets 2022: $2,589,8102022Assets 2023: $3,164,967Liabilities 2023: $175,262Net Assets 2023: $2,989,7052023Assets 2024: $3,550,180Liabilities 2024: $360,817Net Assets 2024: $3,189,3632024

Highlighted filing

2016

Assets$1,003,092
Liabilities$443,987
Net Assets$559,105

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $2,807,644Expenses 2012: $2,625,845Net Income 2012: $181,7992012Expenses 2013: $2,043,3662013Revenue 2014: $1,909,396Expenses 2014: $1,909,374Net Income 2014: $222014Revenue 2015: $2,357,103Expenses 2015: $2,121,155Net Income 2015: $235,9482015Revenue 2016: $2,110,874Expenses 2016: $2,205,868Net Income 2016: -$94,9942016Revenue 2017: $2,207,427Expenses 2017: $2,327,217Net Income 2017: -$119,7902017Revenue 2018: $1,817,633Expenses 2018: $2,422,721Net Income 2018: -$605,0882018Revenue 2019: $1,475,604Expenses 2019: $2,140,602Net Income 2019: -$664,9982019Revenue 2020: $1,822,624Expenses 2020: $1,194,522Net Income 2020: $628,1022020Revenue 2021: $443,135Expenses 2021: $331,874Net Income 2021: $111,2612021Revenue 2022: $722,660Expenses 2022: $270,056Net Income 2022: $452,6042022Revenue 2023: $498,225Expenses 2023: $99,946Net Income 2023: $398,2792023Revenue 2024: $381,900Expenses 2024: $200,210Net Income 2024: $181,6902024

Highlighted filing

2016

Revenue$2,110,874
Expenses$2,205,868
Net Income-$94,994
Jump To
Filing Snapshot
Filing Period
May 1, 2015 to Apr 30, 2016
Signed
Mar 13, 2016
Return Version
2015v3.0
Gross Receipts
$2,121,762
Mission and Program Overview

Mission

Goodwill rescue mission, inc. Is a non-profit charitable religious corporation with the purpose of ministering to the spiritual and material needs of men, women and children by: providing for the physical welfare of needy persons through emergency services, a comprehensive non-medical christian recovery program, community outreach programs providing relief to the poor, conducting religious services, diseminating religious literature and materials, salvaging used goods for resale and use, and in general performing any other religious and charitable works consistent with the provisions of the amended and restated certificate of incorporation of the corporation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$790,682$908,500▲ $117,818
Pledges and Grants Receivable$85,797$55,064▼ $30,733
Cash and Non-Interest-Bearing Accounts$87,283$32,671▼ $54,612
Inventories for Sale or Use$13,747$5,927▼ $7,820
Prepaid Expenses and Deferred Charges$7,384$930▼ $6,454
Total Assets$984,893$1,003,092▲ $18,199
Liabilities
Mortgage Notes Payable Secured by Investment Property$190,914$197,903▲ $6,989
Accounts Payable and Accrued Expenses$103,244$190,854▲ $87,610
Other Liabilities$76,636$55,230▼ $21,406
Total Liabilities$370,794$443,987▲ $73,193
Net Assets / Fund Balance
Unrestricted Net Assets$539,099$426,808▼ $112,291
Permanently Rstr Net Assets$75,000$75,000→ $0
Temporarily Rstr Net Assets-$57,297-
Total Net Assets Fund Balance$614,099$559,105▼ $54,994
Total Liabilities and Net Assets / Fund Balance$984,893$1,003,092▲ $18,199

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$706,701$790,054$1,496,755
Equipment$82,499$451,936$534,435
Land$119,300-$119,300

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$75,000---$75,000
2014$75,000---$75,000
2013$75,000---$75,000
2012$75,000---$75,000
2011$75,000---$75,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Hector VegaExecutive DiFT$68,923$44,308$113,231
Donald HallDevelopmentFT$59,655$33,101$92,756

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,093,563
Program Service Revenue
$23,917
Investment Income
$0
Other Revenue
$-6,606
All Other Contributions
$1,965,391
Change in Net Assets
$-94,994

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Food Inventory580$323,335Fair Market Value
Clothing and Household Goods-$23,864-
Other Non Cash Contri Table454$1,362Fair Market Value
Total Noncash Contributions1,034$348,561-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,110,874
Revenue Not Reported on Form 990
$40,000
Total Revenue per Audited Statements
$2,150,874
Total Revenue per Form 990
$2,110,874
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$894,806
Total Fundraising Expense$719,162
Other Expenses$602,092
Grants and Similar Amounts Paid$382,380
Professional Fundraising Fees$326,590

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$396,394$64,245$18,369$479,008
Grants to Domestic Individuals$382,380--$382,380
Fees for Services Professional Fundraising--$326,590$326,590
Current Officers, Directors, Trustees, and Key Employees$37,127$24,751$179,366$241,244
Occupancy$108,748$57,499$380$166,627
Other Employee Benefits$63,361$12,833$13,947$90,141
Office Expenses$29,660$29,611$30,271$89,542
Payroll Taxes$57,309$10,436$16,539$84,284
Depreciation Depletion$46,277$17,997-$64,274
Fees for Services Accounting-$37,123-$37,123
Insurance$16,716$14,816$3,206$34,738
Information Technology$13,083$8,635$6,745$28,463
Other Expenses$20,322$249$109,776$20,571
Interest-$9,391-$9,391
Advertising--$9,242$9,242
Travel$1,904$1,589$3,966$7,459
Fees for Services Other$1,719$796$765$3,280
Pension Plan Contributions-$129-$129
Total Functional Expenses$1,196,606$290,100$719,162$2,205,868

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,205,868
Total Expenses per Audited Statements$2,205,868
Total Expenses per Form 990$2,205,868
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$326,590
Fundraising Direct Expenses$10,888
Fundraising Gross Income$1,900

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
New Year Celebr$6,756$1,500$3,000$-1,500
Creating a Bett$27,110$400$2,295$-1,895
Total Events$33,866$1,900$10,888$-8,988
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Obligation Under Capital Lease$55,230
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Juan galloway richard galloway trustee trustee family related

Form 990, Page 6, Part VI, Line 11B

The 990 is first reviewed by the executive director and accounting management. It is then forwarded to the finance committee of the board of directors for final vetting.

Form 990, Page 6, Part VI, Line 12C

New employees are required to sign the conflict of interest policy upon hire. Once a year, the policy is distributed for revisions and or attestation, to all employees and the board of directors for their signature. If the board of directors has a reasonable cause to believe that a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If after hearing the response of the member and making such further investigation as may be warranted in the circumstances, the board or committee determines that the member in fact failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary action.

Form 990, Page 6, Part VI, Line 15A

The board of directors at their discretion determines the salaries for top management officials. The determination is based upon industry standards, which have been adjusted according to the size and financial position of our organization.

Form 990, Page 6, Part VI, Line 15B

The board of directors at their discretion determines the salaries for the other officers. The determination is based upon industry standards, which have been adjusted according to the size and financial position of our organization.

Form 990, Page 6, Part VI, Line 19

The financial statements are made available to the public through ecfa, the association of gospel rescue missions (agrm), charity navigator, and our website. Other documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Goodwill Rescue Mission Inc
EIN
22-1487207
Phone
9736210016
Address
79 UNIVERSITY AVENUE, NEWARK, NJ 07102

Signing Officer

Name
Rob Depue
Title
CFO
Phone
9736219560
Signed
2016-03-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rob Depue
Formed
1923
Legal Domicile
Nj
Voting Board Members
10
Independent Board Members
9
Employees
34
Volunteers
2,554

Preparer

Firm
Lambrides Arnold Moulthrop Llp
Address
26 PARK ST STE 301, MONTCLAIR, NJ 07042-3443
Preparer
John M Borges
Phone
9737448660
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Goodwill rescue mission, inc. Is a non-profit charitable religious corporation with the purpose of ministering to the spiritual and material needs of men, women and children by: providing for the physical welfare of needy persons through emergency services, a comprehensive non-medical christian recovery program, community outreach programs providing relief to the poor, conducting religious services, diseminating religious literature and materials, salvaging used goods for resale and use, and in general performing any other religious and charitable works consistent with the provisions of the amended and restated certificate of incorporation of the corporation.

Form 990, Page 1, Part I, Line 6

The mission had a number of corporate, college, high school and church service groups and individuals. Individuals providing food services, clothing sorting, administrative and office support and general maintenance support. In addition, the mission has nightly chapel services with a minimum of 3 volunteers attending per night. We also had students from njit and from rutgers who volunteered on a weekly basis in our kitchen, offices, providing support to the mission. We have one volunteer chaplain who provides pastoral counseling with our men and sunday morning worship services.

Form 990, Page 2, Part III, Line 4A

Pounds of assorted baked goods, fruits and vegetables to senior citizen sites, senior daycare facilities, and local churches who care for the poor. We are a distribution center for "one warm coat- and distribute coats throughout the winter to those in need. Free clothing is provided to all anyone in need three times per week. During the major holidays the mission provides celebrations and special meals. We gave 100 needy families thanksgiving baskets, which included everything needed to feed a family of 4. During the christmas season, we gave hats, gloves, and scarves to all who came for meals and/or shelter. Goodwill rescue mission received 40,000 in donated services for the construction and renovation of facilities used for program services.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.55$0.36$3.19$0.38$0.20$0.18
2023Detailed filing. Detailed filing data is available for this year.$3.16$0.18$2.99$0.50$0.10$0.40
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.83$0.24$2.59$0.72$0.27$0.45
2021Detailed filing. Detailed filing data is available for this year.$2.64$0.49$2.15$0.44$0.33$0.11
2020Detailed filing. Detailed filing data is available for this year.$2.82$0.78$2.04$1.82$1.19$0.63
2019Detailed filing. Detailed filing data is available for this year.$2.72$1.31$1.41$1.48$2.14$0.66
2018Detailed filing. Detailed filing data is available for this year.$2.76$0.69$2.07$1.82$2.42$0.61
2017Detailed filing. Detailed filing data is available for this year.$2.92$0.24$2.68$2.21$2.33$0.12
2016Detailed filing. Detailed filing data is available for this year.$1.00$0.44$0.56$2.11$2.21$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.98$0.37$0.61$2.36$2.12$0.24
2014Detailed filing. Detailed filing data is available for this year.$0.75$0.37$0.38$1.91$1.91$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.31$0.38$2.04
2012Summary only. Only limited summary data is available for this year.$0.74$0.33$0.41$2.81$2.63$0.18
Peer Organizations

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