Form 990 for tax year 2022

Filed by CHERRY STREET MISSION MINISTRIES.

Totals

Total revenue: $8,162,673
Total expenses: $6,676,150
Contributions and grants received: $8,008,793
Grants paid: $0
Program service revenue: $0
Investment income: $3,634
Other revenue: $150,246
Total assets, end of year: $11,253,263
Total liabilities, end of year: $1,195,725
Net assets or fund balances, end of year: $10,057,538
Program services expenses (Part IX): $4,699,067
Management and general expenses: $1,508,558
Fundraising expenses: $468,525
Program service expenses (Part III): $4,699,067

Program services were 70.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1c · Fundraising events

$11,147
1e · Government grants (contributions)

$1,374,780
1f · All other contributions, gifts and grants

$6,622,866
1g · Noncash contributions included above

$662,193
3 · Investment income

total $3,409 · excluded $3,409
7a · Gross sales of assets other than inventory

other assets $225
7b · Less cost or other basis and sales expenses

other assets $0
7c · Gain or loss

other assets $225
7d · Net gain or loss

total $225 · excluded $225
8a · Fundraising events: gross income

$179,291
8a · Fundraising events: contributions included on line 1c

$11,147
8b · Fundraising events: direct expenses

$44,627
8c · Net income from fundraising events

total $134,664 · excluded $134,664
11a · Other revenue: MISCELLANEOUS

total $15,582 · excluded $15,582
11e · Other revenue, total

$15,582

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $164,125 · program services $114,887 · management and general $24,619 · fundraising $24,619
7 · Other salaries and wages

total $2,457,160 · program services $2,004,301 · management and general $301,677 · fundraising $151,182
8 · Pension plan contributions

total $52,738 · program services $38,069 · management and general $9,912 · fundraising $4,757
9 · Other employee benefits

total $442,339 · program services $352,390 · management and general $60,146 · fundraising $29,803
10 · Payroll taxes

total $214,414 · program services $176,653 · management and general $24,501 · fundraising $13,260
11a · Fees: management

total $448,926 · program services $354,777 · management and general $89,803 · fundraising $4,346
11b · Fees: legal

total $28,306 · program services $1,500 · management and general $26,806
11c · Fees: accounting

total $13,600 · management and general $13,600
11e · Fees: professional fundraising services

total $203,066 · fundraising $203,066
11f · Fees: investment management

total $7,074 · management and general $7,074
11g · Fees: other

total $68,000 · management and general $68,000
12 · Advertising and promotion

total $51,008 · program services $25,169 · management and general $2,116 · fundraising $23,723
13 · Office expenses

total $159,762 · program services $33,916 · management and general $121,852 · fundraising $3,994
14 · Information technology

total $91,527 · program services $57,226 · management and general $27,378 · fundraising $6,923
16 · Occupancy

total $345,452 · program services $338,210 · management and general $7,242
17 · Travel

total $49,490 · program services $39,154 · management and general $9,267 · fundraising $1,069
19 · Conferences, conventions and meetings

total $9,665 · program services $337 · management and general $9,328
20 · Interest

total $29,689 · program services $140 · management and general $29,549
22 · Depreciation, depletion and amortization

total $207,591 · program services $165,854 · management and general $41,737
23 · Insurance

total $68,574 · program services $60,652 · management and general $7,922
24a · Other expenses: BAD DEBT EXPENSE

total $608,375 · management and general $608,375
24b · Other expenses: DONATED FOOD

total $580,465 · program services $580,465
24c · Other expenses: REPAIRS & MAINTENANCE

total $131,661 · program services $131,656 · management and general $5
24d · Other expenses: PROGRAM EXPENSES

total $112,235 · program services $112,235
24e · All other expenses

total $130,908 · program services $111,476 · management and general $17,649 · fundraising $1,783

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $2,740,861 · end of year $1,983,319
3 · Pledges and grants receivable

beginning of year $686,728 · end of year $181,568
4 · Accounts receivable

beginning of year $6,758 · end of year $1,344,413
8 · Inventories for sale or use

beginning of year $188,450 · end of year $210,694
9 · Prepaid expenses and deferred charges

beginning of year $56,542 · end of year $72,569
10a · Land, buildings and equipment: cost or other basis

$10,326,904
10b · Land, buildings and equipment: accumulated depreciation

$3,133,391
10c · Land, buildings and equipment, net

beginning of year $5,642,893 · end of year $7,193,513
12 · Investments: other securities

beginning of year $209,422 · end of year $213,257
15 · Other assets

beginning of year $28,111 · end of year $53,930
17 · Accounts payable and accrued expenses

beginning of year $486,355 · end of year $749,863
23 · Secured mortgages and notes payable

beginning of year $452,269 · end of year $445,862
27 · Net assets without donor restrictions

beginning of year $7,156,020 · end of year $8,608,623
28 · Net assets with donor restrictions

beginning of year $1,465,121 · end of year $1,448,915

Mission and programs · 2022

Mission

THROUGH THE POWER OF JESUS CHRIST AND THE PARTICIPATION OF THE INDIVIDUAL, OUR CORE FOCUS IS TO PROVIDE ACCESS TO OPPORTUNITIES THAT ERADICATE POVERTY IN BODY (PHYSICAL POVERTY), SOUL (MENTAL POVERTY), AND SPIRIT (SPIRITUAL POVERTY) BY CONNECTING PEOPLE TO RESOURCES THAT CREATE HEALTH AND COMMUNITY SUSTAINABILITY IN 3 WAYS: VIABLE INCOME, SAFE AND AFFORDABLE HOUSING, AND HEALTHY RELATIONSHIPS.

Activities or mission (Part I)

TO ERADICATE POVERTY IN BODY (PHYSICAL), MIND (SOUL), AND SPIRIT (SPIRTUAL).

FOOD SERVICE - LOCATED WITHIN THE LIFE REVITALIZATION CENTER, THE MAC STREET CAFE HAS PROVIDED 154,709 MEALS TO GUESTS AND MEMBERS OF THE COMMUNITY IN NEED EVERY DAY. WE ARE THE ONLY ORGANIZATION IN OUR REGION TO OFFER 3 MEALS A DAY, 7 DAYS A WEEK, FREE OF CHARGE TO ANYONE RESIDING AT CHERRY STREET DURING THE PANDEMIC OR ENGAGED WITH THEREAFTER. CHERRY STREET WORKS WITH LOCAL FARMERS, THE GREATER COMMUNITY, GROCERIES AND RESTAURANTS FOR FRESH, PERISHABLE PRODUCE. THROUGH CASH DONATIONS CHERRY STREET IS ABLE TO PURCHASE NON-PERISHABLES AND STAPLES TO CREATE NUTRITIOUS MEALS.

Expenses $1,010,346
RESIDENTIAL SHELTER - CHERRY STREET IS THE LARGEST REGIONAL ORGANIZATION SERVING THOSE HOMELESS AND LIVING IN POVERTY. THOSE SERVED COME FROM 20 COUNTIES OF NORTHWEST OHIO AND SOUTHEAST MICHIGAN. WHILE STAYING WITH CHERRY STREET, GUESTS HAVE ACCESS TO SMALL GROUPS, BIBLE STUDY, ARE PROVIDED SAFETY, A BED AND A PLACE TO STORE VALUABLES.

Expenses $959,962
READY FOR LIFE - CHERRY STREET HAS EXPANDED FROM PROVIDING BASIC SERVICES OF FOOD, CLOTHING, AND HOUSING TO INCLUDE READY FOR LIFE. BEST-IN-CLASS COLLABORATORS LOCATED WITHIN THE CHERRY STREET FACILITY IS AN IMPORTANT COMPONENT OF THE READY FOR LIFE PROGRAM. THIS MULTI-FACTED APPROACH IS A PATH TO RESTORE THE SOUL, SPIRIT, BODY AND RELATIONSHIPS OF THOSE WHO HAVE LOST HOPE. READY FOR LIFE INCLUDES: PURPOSEFUL DISCIPLESHIP, MENTORSHIP, COACHING, ACCESS TO BEHAVIORAL HEALTH CARE, EMPLOYMENT, JOB READINESS, WORKFORCE DEVELOPMENT, SUBSCRIPTIVE PERSONAL ASSESSMENTS, GOAL SETTING, EDUCATION, TRAINING, JOB PLACEMENT, HOUSING AND STABILITY.

Expenses $1,222,545
Expenses $1,506,214

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Joshua RochonJOSHUA ROCHON

BOARD CHAIR

Total calculated

$0

Hours/week

4
John C WagnerJOHN C WAGNER

BOARD MEMBER AT LARGE

Total calculated

$0

Hours/week

2
Janell VickersJANELL VICKERS

SECRETARY

Total calculated

$0

Hours/week

4
Amy WatkinsAMY WATKINS

BOARD MEMBER AT LARGE (UNTIL 7/31/22)

Total calculated

$0

Hours/week

2
Rachel GagnonRACHEL GAGNON

DIRECTOR

Total calculated

$0

Hours/week

2
Stephen KanagaratnamSTEPHEN KANAGARATNAM

DIRECTOR (UNTIL 1/14/22)

Total calculated

$0

Hours/week

2
Rev John JonesREV JOHN JONES

DIRECTOR (UNTIL 7/31/22)

Total calculated

$0

Hours/week

2
Carter BayerCARTER BAYER

DIRECTOR

Total calculated

$0

Hours/week

2
Todd ParkerTODD PARKER

DIRECTOR

Total calculated

$0

Hours/week

2
Tina KernTINA KERN

TREASURER

Total calculated

$0

Hours/week

4
Shirley TrailSHIRLEY TRAIL

DIRECTOR

Total calculated

$0

Hours/week

2
Timothy StansfieldTIMOTHY STANSFIELD

DIRECTOR

Total calculated

$0

Hours/week

2
Houston YoungHOUSTON YOUNG

VICE CHAIR

Total calculated

$0

Hours/week

4
Ben SnyderBEN SNYDER

DIRECTOR

Total calculated

$0

Hours/week

2
Christine SweeneyCHRISTINE SWEENEY

DIRECTOR

Total calculated

$0

Hours/week

2
Laura ReruchaLAURA RERUCHA

DIRECTOR

Total calculated

$0

Hours/week

2
Ann EbbertANN EBBERT

PRESIDENT/CEO

Total calculated

$164,125

From this org

$143,081

From related orgs

$0

Other

$21,044

Hours/week

40

Schedule J breakdown matched by us

Base

$143,081

Bonus

$0

Other

$0

Deferred

$5,869

Nontaxable benefits

$15,175

Filer's total

$164,125

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

2 · Substantiation required before reimbursing expenses
3 · Compensation survey or study
3 · Approval by the board or compensation committee

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3: THE EXECUTIVE COMMITTEE ANNUALLY OBTAINS RESEARCH AND INFORMATION TO MAKE A RECOMMENDATION TO THE FULL BOARD FOR THE COMPENSATION OF THE CEO. ADDITIONALLY, COMPENSATION WILL BE DETERMINED BY USING COMPARABILITY DATA, INCLUDING COMPARISON OF COMPENSATION LEVELS PAID BY SIMILARLY SITUATED ORGANIZATION FOR FUNCTIONALLY COMPARABLE POSITIONS. COMPENSATION SURVEYS/STUDIES ARE USED DURING THE ANNUAL REVIEW PROCESS. COMPENSATION IS ALSO PERFORMANCE BASED. THE CHAIRMAN OF THE BOARD ALONG WITH THE EXECUTIVE COMMITTEE DEVELOP SPECIFIC OBJECTIVES FOR THE CEO AND REGULARLY EVALUATE PERFORMANCE AGAINST THOSE OBJECTIVES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2022
Filed: 7 November 2023
IRS schema version: 2022v5.0
Source object: 202343179349306349

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