Hope of the Valley Rescue Mission

Summary

Our goal is to meet the needs of the "whole" person -- spiritually, emotionally, and physically.


Contact information

Mailing address:
Hope of the Valley Rescue Mission
PO Box 7609
Mission Hills, CA 91346

Website: hopeofthevalley.org

Phone: 818-392-0020

Email: info@hopeofthevalley.org


Organization details

EIN: 272053273

CEO/President: Ken Craft

Chairman: Ted Gartner

Board size: 12

Founder:

Year founded: 2010

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: No

Member of ECFA since:


Purpose

Our vision is that no one goes without...

Hope- A message of love, support and freedom for a better tomorrow.

Hot Meals- Food distribution to the hungry.

Housing- Emergency/transitional shelter to the situational and chronically homeless.

Health Services- Resources for basic human needs.

Healing - Proven programs that lead to wholeness and self-sufficiency.


Mission statement

Our mission is to prevent, reduce and eliminate poverty, hunger and homelessness. We do this by offering immediate assistance and long-term solutions. We are a faith-based independent 501(c)(3) nonprofit organization that does not discriminate based on gender, age, ethnicity, sexual orientation, religious affiliation or lack thereof. Our services are grounded in a deep respect for the dignity inherent in each human being.


Statement of faith

Transparency grade

This ministry has not been assigned a transparency grade.

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating317 of 66040 of 91
Fund acquisition rating486 of 66266 of 91
Resource allocation rating402 of 66251 of 91
Asset utilization rating90 of 66013 of 91

Financial ratios

Funding ratiosSector median20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%23%24%15%15%18%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
9%9%11%8%6%9%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
90%38%47%55%43%51%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
9%9%12%8%6%9%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
10%62%53%45%57%49%
 
Operating ratiosSector median20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%78%74%79%76%79%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%97%94%95%98%97%
Program output ratio Program output ratio =
Program services /
Total revenue
78%76%70%76%74%76%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%3%6%5%2%3%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%29%76%18%6%8%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%13%14%12%18%12%
 
Investing ratiosSector median20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.572.742.150.820.850.86
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
4.211.481.434.026.913.22
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.494.053.083.325.902.76
 
Liquidity ratiosSector median20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.982.621.200.630.442.60
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.380.841.582.280.38
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.211.830.64-2.08-2.602.67
 
Solvency ratiosSector median20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%73%81%77%76%69%
Debt ratio Debt ratio =
Debt /
Total assets
1%43%18%34%43%57%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
147%10%9%28%28%37%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$686,872$916,412$342,766$325,905$712,328
Receivables, inventories, prepaids$836,834$699,543$1,197,628$409,798$425,606
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$1,523,706$1,615,955$1,540,394$735,703$1,137,934
Long-term investments$0$0$0$0$0
Fixed assets$728,740$702,677$4,595,440$4,222,244$2,487,507
Other long-term assets$0$0$62,981$123,621$41,255
Total long-term assets$728,740$702,677$4,658,421$4,345,865$2,528,762
Total assets$2,252,446$2,318,632$6,198,815$5,081,568$3,666,696
 
Liabilities20182017201620152014
Payables and accrued expenses$516,326$481,544$527,251$375,507$255,353
Other current liabilities$64,723$869,186$1,900,000$1,300,000$182,395
Total current liabilities$581,049$1,350,730$2,427,251$1,675,507$437,748
Debt$974,369$411,838$2,109,099$2,183,906$2,079,686
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$83,239$123,016$240,135$0$0
Total long-term liabilities$1,057,608$534,854$2,349,234$2,183,906$2,079,686
Total liabilities$1,638,657$1,885,584$4,776,485$3,859,413$2,517,434
 
Net assets20182017201620152014
Unrestricted$573,789$433,048$1,422,330$1,137,549$1,064,656
Temporarily restricted$40,000$0$0$84,606$84,606
Permanently restricted$0$0$0$0$0
Net assets$613,789$433,048$1,422,330$1,222,155$1,149,262
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$2,410,462$2,516,805$2,926,210$1,891,470$1,649,145
Program service revenue$3,941,113$2,823,678$2,439,952$2,444,153$1,517,726
Membership dues$0$0$0$0$0
Investment income$0$0$0$0$0
Other revenue$3,937($31,265)$2,235$74,731$74,300
Total other revenue$3,945,050$2,792,413$2,442,187$2,518,884$1,592,026
Total revenue$6,355,512$5,309,218$5,368,397$4,410,354$3,241,171
 
Expenses20182017201620152014
Program services$4,821,075$3,699,962$4,059,204$3,281,748$2,473,155
Management and general$803,214$682,171$619,121$781,349$373,852
Fundraising$550,482$599,242$433,794$274,364$298,208
Total expenses$6,174,771$4,981,375$5,112,119$4,337,461$3,145,215
 
Change in net assets20182017201620152014
Surplus (deficit)$180,741$327,843$256,278$72,893$95,956
Other changes in net assets$0$0$0$0$0
Total change in net assets$180,741$327,843$256,278$72,893$95,956

Response from ministry

No response has been provided by this ministry.


History

Founded in 2009, Hope of the Valley Rescue Mission began as a small ministry run out of San Pablo Lutheran Church in Sun Valley where volunteers cooked and served hot meals to homeless men, women and children.

2010 - Moved to a 26,000 sf facility in Sun Valley and began providing showers, life-skills classes and case management.

2011 - Opened John E. White House of Hope recovery program for men in Arleta.

2012 - Opened Genesis House, a 30-bed facility in Pacoima for homeless families. Opened our first social enterprise Thrift Store in Granada Hills.

2013 - Opened the BRIDGE, a 17-bed transitional housing facility for men in Canoga Park.

2014 - Took over operation of the Los Angeles Homeless Services Authority's Cold Weather Shelters in Pacoima and Sylmar with a total of 290 beds. Opened our second social enterprise Thrift Store in Santa Clarita.

2015 - Relocated our homeless services to Van Nuys, expanded services and named the program the HELP Center.

2016 - Opened a 30-bed Recuperative Care Center in Mission Hills. Opened our third social enterprise Thrift Store in Simi Valley.

2017 - Transferred the Recuperative Care Center to Harbor Recuperative Care.

2018 - Converted the BRIDGE program to a 38-bed shelter for youth ages 18-24 in Burbank called The Landing. Opened Shepherd's House, a 48-bed crisis housing program in the West San Fernando Valley for homeless families with children. Opened (2) 50-Bed Cold Weather Shelters in Antelope Valley.

2019 - Opened a 48-bed crisis housing facility for homeless moms and kids called Casa de Vida located in the West Valley. Opened a Safe Parking shelter in Palmdale for 30 cars Launched a weekly Motel Meal Program to address hunger issues of the more than 400 homeless families living in motels in the Valley.

2020 - Opened an 85-bed NoHo Bridge Housing residential facility in North Hollywood Opened the NoHo Navigation Center in North Hollywood where clients can take showers, store belongings and access case managers and housing navigation. Opened the 100-bed Van Nuys Bridge Housing residential facility in Van Nuys. Opened a Work Ready/Day Labor facility in North Hollywood


Program accomplishments


Needs