Hope House Ministries

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 11/30/2020. To update the information in this column, please email: info@ministrywatch.com


Summary

Hope House focuses on three areas of need in downtown Bowling Green.

In the Home - We seek to build deeper more meaningful relationships with those visiting Hope House for assistance focusing on planting, watering, and growing the gospel in families and individuals.

In the Neighborhood - We seek to actively engage the people of downtown Bowling Green focusing on specific areas and multi-housing complexes.

In the School - We seek to serve the children, faculty and staff, and families of the local schools to provide more opportunities to build relationship and bring gospel restoration and renewal to our city.


Contact information

Mailing address:
Hope House Ministries
112 W. 10th Ave
Bowling Green, KY 42101

Website: hopehousebg.com

Phone: 270-904-1200

Email: info@hopehousebg.com


Organization details

EIN: 263594555

CEO/President: Bryan Lewis

Chairman:

Board size: 0

Founder:

Year founded: 2009

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2019


Purpose

Our heartbeat is to see dignity and value restored in a person's life through the power of the gospel. We seek to do this with a person, rather than for a person. We believe that the root of poverty is always deeper than the physical symptoms we see, like addiction, homelessness, and unemployment. The root of poverty lies in broken relationships with others, and most importantly, with God. When we walk with a person through the process of restoring his or her relationship with God, we inevitably witness the restoration of relationships with family members; the restoration of that person's dignity, value, and self-worth; and we are given the opportunity to help them break the cycle of material poverty by overcoming addiction, securing a new job, creating a budget, becoming a better parent, and so much more.


Mission statement

Our mission is to alleviate physical and spiritual poverty through gospel restoration. Poverty is much bigger than lacking material things. Poverty is rooted in broken relationships with others, with ourselves, and ultimately with God. Our goal is to help people see that only the restoring power of the gospel can truly overcome their poverty.


Statement of faith

The sole basis of our beliefs is the Bible, God's infallible written Word, the 66 books of the Old and New Testaments. We believe that it was uniquely, verbally and fully inspired by the Holy Spirit and that it was written without error (inerrant) in the original manuscripts. It is the supreme and final authority in all matters on which it speaks.

We accept those areas of doctrinal teaching on which, historically, there has been general agreement among all true Christians. Because of the specialized calling of our movement, we desire to allow for freedom of conviction on other doctrinal matters, provided that any interpretation is based upon the Bible alone, and that no such interpretation shall become an issue which hinders the ministry to which God has called us.

1. There is one true God, eternally existing in three persons - Father, Son, and Holy Spirit - each of whom possesses equally all the attributes of Deity and the characteristics of personality.

2. Jesus Christ is God, the living Word, who became flesh through His miraculous conception by the Holy Spirit and His virgin birth. Hence, He is perfect Deity and true humanity united in one person forever.

3. He lived a sinless life and voluntarily atoned for the sins of men by dying on the cross as their substitute, thus satisfying divine justice and accomplishing salvation for all who trust in Him alone.

4. He rose from the dead in the same body, though glorified, in which He lived and died.

5. He ascended bodily into heaven and sat down at the right hand of God the Father, where He, the only mediator between God and man, continually makes intercession for His own.

6. Man was originally created in the image of God. He sinned by disobeying God; thus, he was alienated from his Creator. That historic fall brought all mankind under divine condemnation.

7. Man's nature is corrupted, and he is thus totally unable to please God. Every man is in need of regeneration and renewal by the Holy Spirit.

8. The salvation of man is wholly a work of God's free grace and is not the work, in whole or in part, of human works or goodness or religious ceremony. God imputes His righteousness to those who put their faith in Christ alone for their salvation, and thereby justified them in His sight.

9. It is the privilege of all who are born again of the Spirit to be assured of their salvation from the very moment in which they trust Christ as their Savior. This assurance is not based upon any kind of human merit, but is produced by the witness of the Holy Spirit, who confirms in the believer the testimony of God in His written word.

10. The Holy Spirit has come into the world to reveal and glorify Christ and to apply the saving work of Christ to men. He convicts and draws sinners to Christ, imparts new life to them, continually indwells them from the moment of spiritual birth and seals them until the day of redemption. His fullness, power and control are appropriated in the believer's life by faith.

11. Every believer is called to live so in the power of the indwelling Spirit that he will not fulfill the lust of the flesh but will bear fruit to the glory of God.

12. Jesus Christ is the Head of the Church, His Body, which is composed of all men, living and dead, who have been joined to Him through saving faith.

13. God admonishes His people to assemble together regularly for worship, for participation in ordinances, for edification through the Scriptures and for mutual encouragement.

14. At physical death the believer enters immediately into eternal, conscious fellowship with the Lord and awaits the resurrection of his body to everlasting glory and blessing.

15. At physical death the unbeliever enters immediately into eternal, conscious separation from the Lord and awaits the resurrection of his body to everlasting judgment and condemnation.

16. Jesus Christ will come again to the earth - personally, visibly and bodily - to consummate history and the eternal plan of God.

17. The Lord Jesus Christ commanded all believers to proclaim the Gospel throughout the world and to disciple men of every nation. The fulfillment of that Great Commission requires that all worldly and personal ambitions be subordinated to a total commitment to "Him who loved us and gave Himself for us.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating118 of 94024 of 160
Fund acquisition rating287 of 94244 of 160
Resource allocation rating61 of 94212 of 160
Asset utilization rating386 of 94079 of 160

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%5%4%3%0%10%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%2%3%2%0%7%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%53%69%66%78%71%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
10%3%4%2%0%6%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%47%31%34%22%29%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%90%96%72%100%77%
Spending ratio Spending ratio =
Total expenses /
Total revenue
95%93%75%96%62%106%
Program output ratio Program output ratio =
Program services /
Total revenue
75%84%72%69%62%82%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
5%7%25%4%38%-6%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
4%6%25%4%46%-7%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%7%0%26%0%16%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.580.580.510.510.520.64
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.762.242.582.141.862.96
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.241.311.311.090.971.90
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.14-172.92-116.55-224.2156.1329.34
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.08-0.01-0.010.000.020.03
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.459.219.2111.1012.216.09
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%28%31%46%32%49%
Debt ratio Debt ratio =
Debt /
Total assets
1%0%0%46%31%48%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
141%123%136%106%131%79%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$534,607$501,129$590,766$539,825$232,612
Receivables, inventories, prepaids$144,950$54,475$53,615$0$0
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$679,557$555,604$644,381$539,825$232,612
Long-term investments$0$0$0$0$0
Fixed assets$843,426$877,160$732,148$462,097$455,982
Other long-term assets$300$300$300$300$300
Total long-term assets$843,726$877,460$732,448$462,397$456,282
Total assets$1,523,283$1,433,064$1,376,829$1,002,222$688,894
 
Liabilities20202019201820172016
Payables and accrued expenses($3,930)($4,767)($2,874)$9,618$7,927
Other current liabilities$0$0$0$0$0
Total current liabilities($3,930)($4,767)($2,874)$9,618$7,927
Debt$0$0$637,349$308,531$329,435
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$427,028$445,352$1$0$0
Total long-term liabilities$427,028$445,352$637,350$308,531$329,435
Total liabilities$423,098$440,585$634,476$318,149$337,362
 
Net assets20202019201820172016
Without donor restrictions$0$0$0$0$0
With donor restrictions$0$0$0$0$0
Net assets$1,100,185$992,479$742,353$684,073$351,532
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$504,633$677,224$478,304$651,631$298,450
Program service revenue$454,166$300,973$249,320$187,268$119,119
Membership dues$0$0$0$0$0
Investment income$127$126$198$146$351
Other revenue$0$0$0$0$0
Total other revenue$454,293$301,099$249,518$187,414$119,470
Total revenue$958,926$978,323$727,822$839,045$417,920
 
Expenses20202019201820172016
Program services$805,490$704,425$503,319$521,109$342,113
Management and general$61,789$0$180,173$0$71,682
Fundraising$23,599$26,054$16,062$0$28,716
Total expenses$890,878$730,479$699,554$521,109$442,511
 
Change in net assets20202019201820172016
Surplus (deficit)$68,048$247,844$28,268$317,936($24,591)
Other changes in net assets$0$0$0$0$0
Total change in net assets$68,048$247,844$28,268$317,936($24,591)

Compensation

Compensation data for this ministry has not been collected.


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 11/30/2020. To update the information below, please email: info@ministrywatch.com


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