Civic Intelligence

Waterfront Rescue Mission Inc.

990 • Fiscal year 2018 • EIN 59-0838106

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 20, 2019

P O Box 870Pensacola, FL 32591-0870

(850) 478-4027

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.24x

Higher debt load relative to assets than 53% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

61st percentile

0.36x

Higher debt load relative to revenue than 61% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

41st percentile

0.9%

Higher net margin than 41% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

37th percentile

$140,920

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

8th percentile

-11%

Faster asset growth than 8% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

26th percentile

-4.5%

Faster revenue growth than 26% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Down

$16,299,683

Down $1,980,390 (-11%) from 2017

Net Assets

Up

$12,359,198

Up $97,302 (+0.8%) from 2017

Liabilities

Down

$3,940,485

Down $2,077,692 (-35%) from 2017

Revenue

Down

$10,877,760

Down $509,923 (-4.5%) from 2017

Expenses

Up

$10,779,044

Up $97,990 (+0.9%) from 2017

Net Income

Down

$98,716

Down $607,913 (-86%) from 2017

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $16,137,404Liabilities 2011: $3,892,843Net Assets 2011: $12,244,5612011Assets 2012: $17,619,350Liabilities 2012: $4,286,217Net Assets 2012: $13,333,1332012Assets 2013: $27,354,650Liabilities 2013: $13,372,724Net Assets 2013: $13,981,9262013Assets 2014: $20,919,042Liabilities 2014: $6,999,721Net Assets 2014: $13,919,3212014Assets 2015: $19,982,222Liabilities 2015: $6,884,897Net Assets 2015: $13,097,3252015Assets 2016: $18,003,264Liabilities 2016: $6,449,721Net Assets 2016: $11,553,5432016Assets 2017: $18,280,073Liabilities 2017: $6,018,177Net Assets 2017: $12,261,8962017Assets 2018: $16,299,683Liabilities 2018: $3,940,485Net Assets 2018: $12,359,1982018Assets 2019: $16,139,083Liabilities 2019: $3,694,194Net Assets 2019: $12,444,8892019Assets 2020: $14,377,672Liabilities 2020: $4,500,349Net Assets 2020: $9,877,3232020Assets 2021: $22,275,311Liabilities 2021: $3,538,075Net Assets 2021: $18,737,2362021Assets 2022: $27,565,338Liabilities 2022: $5,898,401Net Assets 2022: $21,666,9372022Assets 2023: $28,641,273Liabilities 2023: $5,037,175Net Assets 2023: $23,604,0982023

Highlighted filing

2018

Assets$16,299,683
Liabilities$3,940,485
Net Assets$12,359,198

Operations Trend

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

$20M$10M$0-$10MRevenue 2011: $12,942,040Expenses 2011: $10,629,302Net Income 2011: $2,312,7382011Revenue 2012: $12,759,671Expenses 2012: $11,670,356Net Income 2012: $1,089,3152012Revenue 2013: $12,374,327Expenses 2013: $11,727,242Net Income 2013: $647,0852013Revenue 2014: $12,569,936Expenses 2014: $12,633,104Net Income 2014: -$63,1682014Revenue 2015: $12,043,401Expenses 2015: $12,956,209Net Income 2015: -$912,8082015Revenue 2016: $10,046,147Expenses 2016: $11,590,666Net Income 2016: -$1,544,5192016Revenue 2017: $11,387,683Expenses 2017: $10,681,054Net Income 2017: $706,6292017Revenue 2018: $10,877,760Expenses 2018: $10,779,044Net Income 2018: $98,7162018Revenue 2019: $11,825,406Expenses 2019: $11,741,224Net Income 2019: $84,1822019Revenue 2020: $6,839,170Expenses 2020: $9,408,702Net Income 2020: -$2,569,5322020Revenue 2021: $19,399,994Expenses 2021: $10,541,126Net Income 2021: $8,858,8682021Revenue 2022: $14,851,303Expenses 2022: $11,885,502Net Income 2022: $2,965,8012022Revenue 2023: $15,026,701Expenses 2023: $13,165,810Net Income 2023: $1,860,8912023

Highlighted filing

2018

Revenue$10,877,760
Expenses$10,779,044
Net Income$98,716
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 20, 2019
Return Version
2018v3.1
Gross Receipts
$11,187,687
Mission and Program Overview

Mission

Demonstrating god's goodness by providing rescue and recovery services in jesus' name.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,254,889$8,633,857▼ $621,032
Other Notes and Loans Receivable, Net$5,277,000$5,277,000→ $0
Inventories for Sale or Use$799,494$958,775▲ $159,281
Cash and Non-Interest-Bearing Accounts$1,091,233$835,547▼ $255,686
Prepaid Expenses and Deferred Charges$149,380$230,558▲ $81,178
Investments Other Securities$580,097$217,312▼ $362,785
Pledges and Grants Receivable$40,000$80,000▲ $40,000
Accounts Receivable$10,421$30,420▲ $19,999
Total Assets$18,280,073$16,299,683▼ $1,980,390
Other Assets Total$1,077,559$36,214▼ $1,041,345
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,177,418$1,903,607▼ $273,811
Other Liabilities$3,232,791$1,230,475▼ $2,002,316
Accounts Payable and Accrued Expenses$571,322$755,828▲ $184,506
Deferred Revenue$36,646$50,575▲ $13,929
Total Liabilities$6,018,177$3,940,485▼ $2,077,692
Net Assets / Fund Balance
Unrestricted Net Assets$12,182,471$12,272,810▲ $90,339
Temporarily Rstr Net Assets$79,425$86,388▲ $6,963
Total Net Assets Fund Balance$12,261,896$12,359,198▲ $97,302
Total Liabilities and Net Assets / Fund Balance$18,280,073$16,299,683▼ $1,980,390

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,693,890$3,024,664$8,718,554
Equipment$532,956$1,483,115$2,016,071
Land$1,956,801-$1,956,801
Leasehold Improvements$420,014$389,232$809,246
Other Land Buildings$30,196$548,095$578,291
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Devin SimmonsPresidentFT$121,903$19,017$140,920
Marsha ClarkVP of FinancFT$82,800$7,022$89,822

Board Members and Trustees

NameTitle
Mark KingChair
Adam PrincipeVice Chair
Andrew MartinBoard Member
Bob MurphyBoard Member
Chris KellyBoard Member
John PorterBoard Member
Timothy AtkinsBoard Member
Todd HendersonBoard Member
Wilson RobertsonBoard Member
Ken BellExecutive Co
Steve ShellExecutive Co
Clay RomanoTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
J2 Development LLCHousing Develop154 BROOKS ST STE 101, Fort Walton Beach, FL 32548$184,032
Revenue and Support

Revenue Composition

Contributions and Grants
$9,869,337
Program Service Revenue
$491,434
Investment Income
$219,289
Other Revenue
$297,700
All Other Contributions
$9,869,337
Change in Net Assets
$98,716

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Clothing and Household Goods-$6,678,756Estimated Fair Value
Food Inventory207,168$415,237Estimated Fair Value
Other Non Cash Contri Table7,165$38,678Estimated Fair Value
Securities Publicly Traded2$3,463Estimated Fair Value
Total Noncash Contributions214,335$7,136,134-

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,877,760
Revenue Not Reported on Form 990
$12,312
Total Revenue per Audited Statements
$10,890,072
Total Revenue per Form 990
$10,877,760
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,950,477
Other Expenses$4,828,567
Total Fundraising Expense$673,766
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,560,672$820,770$106,537$5,487,979
Occupancy$1,153,400$57,041-$1,210,441
All Other Expenses$626,502$119,722$55,965$802,189
Other Employee Benefits$332,832$106,490$5,215$444,537
Depreciation Depletion$376,438$31,448-$407,886
Insurance$332,129$22,594-$354,723
Other Expenses$279,511$45,036$839$325,386
Advertising$145,984$23,245$119,182$288,411
Interest$106,685$2,642-$109,327
Fees for Services Accounting-$50,050-$50,050
Fees for Services Legal$4,547$22,537$5,862$32,946
Travel$16,726$11,675$423$28,824
Office Expenses$867$16,623$1,924$19,414
Pension Plan Contributions$13,609$4,352-$17,961
Total Functional Expenses$8,770,356$1,334,922$673,766$10,779,044

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$10,792,770
Expenses per Audited Statements$10,779,044
Total Expenses per Form 990$10,779,044
Expenses Not Reported on Form 990$13,726
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$6,105
Fundraising Gross Income$4,270
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Contingent Notes Payable$1,225,243
Intercompany Payables$17,653
Deposits$12,043
Unamortized Loan Costs$-24,464
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Prior to filing form 990, the cfo presents a draft copy prepared by the mission's accounting firm to the board of directors for their approval. After the board approves the draft, the accounting firm finalizes the form and gives it to the cfo for signature and mailing.

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

The governing board members sign an agreement acknowledging and understanding their responsibility to comply with the written conflict of interest policy and to disclose any actual or possible conflict of interest. At the annual meeting, board members are required to sign the conflict of interest acknowledgement form, if a conflict of interest exists, the board will review and evaluate the information about the transaction or arrangement. If the conflict is acceptable, then the board member continues to serve but is required to recuse himself and refrain from voting on any transactions or services being considered. Furthermore, the member agrees that failure to disclose actual or possible conflicts will result in a disciplinary action or dismissal from the board.

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

The compensation provided to the mission's top level management is based on what is fair, reasonable, and consistent with compensation paid in the relevant markets. Base salaries are benchmarked against the median as follows: executive level positions - national rescue missions management and professional positions - non-profit organizations regionally administrative and technical positions - general industry locally

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

Lower level positions, such as administrative and technical jobs, are paid at the median that is being paid for similar jobs in the local general industry. All employees' salaries and salary ranges are reviewed annually and may be increased if warranted by the employees' performance and the mission's ability to pay.

Form 990, Page 6, Part VI, Line 19

Upon the receipt of a request for this information, management verifies the identity of the requester, and then mails or e-mails the information to them. Management plans to develop a written policy, and may make the financial statements and the form 990 available on the mission's website.

Filing and Contact Details

Filer

Filer Name
Waterfront Rescue Mission Inc
EIN
59-0838106
Phone
8504784027
Address
P O BOX 870, PENSACOLA, FL 32591-0870

Signing Officer

Name
Devin Simmons
Title
President
Phone
8504384027
Signed
2019-06-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Devin Simmons
Formed
1949
Legal Domicile
Fl
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
4,907

Preparer

Firm
Brown Thornton Pacenta & Company Pa
Address
PO BOX 12484, PENSACOLA, FL 32591
Preparer
Michael D Thornton
Phone
8504343146
Supplemental Narrative

Additional Explanations

Form 990

The organization co-employs employees with a professional employer org.

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

Founded in 1949, waterfront rescue mission provides rehabilitative services to indigent people and those suffering from substance abuse and other life-dominating issues. In 2018, the mission served an estimated 191,769 meals and provided 68,728 nights of shelter, 3,809 individual counseling sessions, 6,167 pieces of clothing, and countless household items to families in need. Waterfront rescue mission helps men and women address the challenges of life-dominating issues. Healing and restoration are the goals of this bible-based model that promotes self-sufficient, productive members of the community. Through the career development program, the mission helps men and women enroll in local colleges, universities, and vocational schools and also assists in procuring jobs to help ensure clients are equipped to become and remain productive members of society. In this advanced stage of the program, men and women are also taught to manage personal finances and how to procure a personal residence upon graduation. The mission's veterans program serves homeless military veterans by coordinating with the u.s. Department of veterans affairs to provide guidance in obtaining benefits and affordable housing. The mission's respite care program offers a safe environment with hospital beds for ill or injured homeless men to recuperate. The mission's day resource center provides services to help indigent men, women, and children with job searches, mail and phone services, storage lockers, clothing, recreational activities, spiritual counseling, and also provides meals and laundering and shower provisions. Through the mission's various sites and programs, men and women are offered literacy programs if needed, and they learn fundamental computer skills. They also have the opportunity to learn valuable work skills such as forklift certification, merchandising, production, register training, customer services, and cooking. The ultimate goal of waterfront rescue mission is to provide a hand up, and not just a hand out, to men and women suffering from life-dominating issues.

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

In-kind donations processed and resold through the waterfront rescue mission's supporting thrift stores ministry affords shoppers within the missions' communities to purchase affordable, high-quality clothing, shoes, household goods, and gently-used home furnishings at exceptional values. In turn, the proceeds generated from the thrift stores are used to provide work rehabilitation services for the indigent and those striving to overcome substance abuses and other life-dominating issues as participants work through the mission's recovery programs. Additionally, the management and staff of the thrift stores work closely with program clients, employees, volunteers, and court-ordered community service programs to teach job skills, customer service, and teamwork, as well as to model christian integrity and strong work ethic as an investment back into the community. The waterfront thrift stores have earned several customer choice awards for "best thrift stores" on the gulf coast.

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

The waterfront rescue mission's recycling & donation center processes, on average, 1,650 tons of in-kind donated recyclable materials annually. Materials are donated on-site and collected from thrift stores as an intentional effort to reduce the local environment impacts caused by the over usage of area landfills. The mission makes every effort to reduce, reuse, and recycle. In-kind donations which are not deemed safe or resalable at its thrift stores are immediately evaluated, dismantled as necessary, and sorted into recyclable components. In turn, salvaged materials are resold at current market values to provide work rehabilitation services for the indigent and those striving to overcome substance abuses and other life-dominating issues as participants work through the mission's recovery programs. Additionally, the management and staff of the recycling & donation center work closely with program clients and employees to improve environmental awareness and to provide job skills training as they model christian integrity, strong work ethic, and stewardship as an investment back into the community.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$28.6$5.04$23.6$15.0$13.2$1.86
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.6$5.90$21.7$14.9$11.9$2.97
2021Summary only. Only limited summary data is available for this year.$22.3$3.54$18.7$19.4$10.5$8.86
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.4$4.50$9.88$6.84$9.41$2.57
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.1$3.69$12.4$11.8$11.7$0.08
2018Detailed filing. Detailed filing data is available for this year.$16.3$3.94$12.4$10.9$10.8$0.10
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.3$6.02$12.3$11.4$10.7$0.71
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.0$6.45$11.6$10.0$11.6$1.54
2015Detailed filing. Detailed filing data is available for this year.$20.0$6.88$13.1$12.0$13.0$0.91
2014Detailed filing. Detailed filing data is available for this year.$20.9$7.00$13.9$12.6$12.6$0.06
2013Summary only. Only limited summary data is available for this year.$27.4$13.4$14.0$12.4$11.7$0.65
2012Summary only. Only limited summary data is available for this year.$17.6$4.29$13.3$12.8$11.7$1.09
2011Summary only. Only limited summary data is available for this year.$16.1$3.89$12.2$12.9$10.6$2.31
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)3 • $10M-$25M nonprofits