Hope of the Valley Rescue Mission

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 12/16/2020. To update the information in this column, please email: info@ministrywatch.com


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

D

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating278 of 91154 of 159
Fund acquisition rating586 of 913105 of 159
Resource allocation rating428 of 91372 of 159
Asset utilization rating96 of 91117 of 159

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%15%23%24%15%15%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
9%10%9%11%8%6%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
90%66%38%47%55%43%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
10%10%9%12%8%6%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
10%34%62%53%45%57%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%80%78%74%79%76%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%98%97%94%95%98%
Program output ratio Program output ratio =
Program services /
Total revenue
76%79%76%70%76%74%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%2%3%6%5%2%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%19%29%76%18%6%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%10%13%14%12%18%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.582.642.742.150.820.85
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.741.531.481.434.026.91
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.244.054.053.083.325.90
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.332.412.621.200.630.44
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.410.380.841.582.28
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.451.741.830.64-2.08-2.60
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%73%73%81%77%76%
Debt ratio Debt ratio =
Debt /
Total assets
1%37%43%18%34%43%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
141%10%10%9%28%28%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$750,147$686,872$916,412$342,766$325,905
Receivables, inventories, prepaids$1,119,090$836,834$699,543$1,197,628$409,798
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$1,869,237$1,523,706$1,615,955$1,540,394$735,703
Long-term investments$0$0$0$0$0
Fixed assets$991,043$728,740$702,677$4,595,440$4,222,244
Other long-term assets$0$0$0$62,981$123,621
Total long-term assets$991,043$728,740$702,677$4,658,421$4,345,865
Total assets$2,860,280$2,252,446$2,318,632$6,198,815$5,081,568
 
Liabilities20192018201720162015
Payables and accrued expenses$710,226$516,326$481,544$527,251$375,507
Other current liabilities$64,723$64,723$869,186$1,900,000$1,300,000
Total current liabilities$774,949$581,049$1,350,730$2,427,251$1,675,507
Debt$1,046,838$974,369$411,838$2,109,099$2,183,906
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$276,239$83,239$123,016$240,135$0
Total long-term liabilities$1,323,077$1,057,608$534,854$2,349,234$2,183,906
Total liabilities$2,098,026$1,638,657$1,885,584$4,776,485$3,859,413
 
Net assets20192018201720162015
Without donor restrictions$624,754$573,789$433,048$1,422,330$1,137,549
With donor restrictions$137,500$40,000$0$0$84,606
Net assets$762,254$613,789$433,048$1,422,330$1,222,155
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$5,125,620$2,410,462$2,516,805$2,926,210$1,891,470
Program service revenue$2,708,368$3,941,113$2,823,678$2,439,952$2,444,153
Membership dues$0$0$0$0$0
Investment income$0$0$0$0$0
Other revenue($123,423)$3,937($31,265)$2,235$74,731
Total other revenue$2,584,945$3,945,050$2,792,413$2,442,187$2,518,884
Total revenue$7,710,565$6,355,512$5,309,218$5,368,397$4,410,354
 
Expenses20192018201720162015
Program services$6,068,174$4,821,075$3,699,962$4,059,204$3,281,748
Management and general$736,535$803,214$682,171$619,121$781,349
Fundraising$757,391$550,482$599,242$433,794$274,364
Total expenses$7,562,100$6,174,771$4,981,375$5,112,119$4,337,461
 
Change in net assets20192018201720162015
Surplus (deficit)$148,465$180,741$327,843$256,278$72,893
Other changes in net assets$0$0$0$0$0
Total change in net assets$148,465$180,741$327,843$256,278$72,893

Compensation

NameTitleCompensation
Ken CraftPresident and CEO$111,778
Rowan VansleveCAO$97,811

Compensation data as of: 12/31/2019


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 12/16/2020. To update the information below, please email: info@ministrywatch.com


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