Haven of Rest Ministries, Inc.

Summary

Haven of Rest Ministries is a 501(c)(3) non-profit, non-denominational, Christian social service organization whose purpose is to serve and glorify God through a Christ-centered outreach of love and compassion that responds to the physical, emotional and spiritual needs of disadvantaged men, women and children without regard to their race, color, creed or social standing.


Contact information

Mailing address:
P.O. Box 547
175 East Market Street
Akron, OH 44309-0547

Website: www.havenofrest.org

Phone: (330) 535-1563

Email: hrm@havenofrest.org


Organization details

EIN: 340750345

CEO/President: Rev. Jeffrey Kaiser

Chairman: Mr. Michael Kura

Board size: 19

Founder: Rev. and Mrs. Charles C. Thomas

Year founded: 1943

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 1987


Purpose

The purpose of Haven of Rest is to serve and glorify God through Christ-centered, life-changing programs of love and compassion that respond to the physical, emotional, and spiritual needs of disadvantaged men, women, and children without regard to their race, color, creed or social standing.

Haven of Rest's programs and services include:

  • Food for the hungry
  • Shelter for the homeless
  • Clothing for people in need
  • Residential, Christ-centered discipleship/recovery programs for men and women whose lives have been shattered by drugs, alcohol, or other addictions/challenges
  • Social enterprise programs
  • Case Management and assistance for homeless people who need help attaining social services
  • Annual community outreach events, including a summer picnic, basketball camp for boys and girls in grades three through eight, Happy Birthday Jesus Party for neighborhood children, and distribution of hundreds of Hope Tote bags filled with personal care items to low-income and homeless persons

Mission statement

The purpose of Haven of Rest is to serve and glorify God through Christ-centered, life-changing programs of love and compassion that respond to the physical, emotional, and spiritual needs of disadvantaged men, women, and children without regard to their race, color, creed or social standing.


Statement of faith

As a Christian ministry, we are uncompromisingly committed to glorifying God through a Christian board and staff who adhere to the Haven of Rest Ministries statement of faith, and by presenting the Gospel and Christ-centered programming.

We believe that all people are created in God's image with inherent dignity and worth. These beliefs motivated Haven of Rest Ministries to design innovative programs and services responding to the total needs of the clients, helping them become Godly persons of integrity, responsibility, and commitment.

We are committed to a standard of excellence that honors the Lord through: competent, well-trained, caring Christian staff and Board of Trustees, the design and implementation of programs and services, clean, well-maintained facilities that are a model to the community-at-large, and sound business principles.

All aspects of Haven of Rest Ministries will be operated according to the highest moral, ethical and Christian standards. Programs and services are rendered with sensitivity, respect, and dignity by demonstrating the love of Christ to all. All funds will be raised with integrity through voluntary contributions from the private sector. We are committed to good stewardship through innovative programming, accountability, and sound fiscal management.

Core Values

Christ-Centered
As a Christian ministry, we are uncompromisingly committed to glorifying God by:

  • A Christian board and staff who adhere to the Haven of Rest Ministries statement of faith
  • Presenting the Gospel and Christ-centered programming
Integrity
All aspects of Haven of Rest Ministries will be operated according to the highest moral, ethical and Christian standards.

Client-Centered
We believe that all people are created in God's image with inherent dignity and worth. These beliefs motivated Haven of Rest Ministries to design innovative programs and services responding to the total needs of the clients, helping them become Godly persons of integrity, responsibility, and commitment.

Excellence
We are committed to a standard of excellence that honors the Lord through:
  • Competent, well-trained, caring Christian staff and Board of Trustees ?
  • The design and implementation of programs and services ?
  • Clean, well-maintained facilities that are a model to the community-at-large ?
  • Sound business principles
Compassion
Programs and services are rendered with sensitivity, respect, and dignity by demonstrating the love of Christ to all.

Stewardship All funds will be raised with integrity through voluntary contributions from the private sector. We are committed to good stewardship through innovative programming, accountability, and sound fiscal management.

Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating360 of 43017 of 23
Fund acquisition rating308 of 43013 of 23
Resource allocation rating331 of 43014 of 23
Asset utilization rating297 of 43013 of 23

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20172016201520142013
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%10%10%9%9%10%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%10%9%9%9%9%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%99%99%99%99%98%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%10%9%9%9%9%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%1%1%1%1%2%
 
Operating ratiosMedian % for
all ministries in
MW database
20172016201520142013
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%76%77%78%78%78%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%104%103%105%98%100%
Program output ratio Program output ratio =
Program services /
Total revenue
81%79%80%82%77%78%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%-4%-3%-5%2%0%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-5%-4%-6%2%0%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%14%13%13%13%13%
 
Investing ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.321.131.181.121.041.05
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.532.612.532.582.452.82
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.532.942.992.912.542.96
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.093.283.423.833.843.26
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.300.290.260.260.31
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.072.842.843.053.502.81
 
Solvency ratiosMedian % for
all ministries in
MW database
20172016201520142013
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%12%12%10%11%11%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
63%78%75%80%86%85%

Financials

Balance sheet
 
Assets20172016201520142013
Cash$365,117$578,812$635,146$879,595$466,539
Receivables, inventories, prepaids$9,298$12,903$3,544$4,636$6,484
Short-term investments$2,351,471$2,270,725$2,326,645$2,484,062$2,273,327
Other current assets$126,936$125,807$34,923$35,787$38,995
Total current assets$2,852,822$2,988,247$3,000,258$3,404,080$2,785,345
Long-term investments$0$0$598,528$609,759$547,860
Fixed assets$3,658,883$3,843,703$4,032,874$4,201,565$4,388,309
Other long-term assets$921,311$723,897$122,819$122,819$121,168
Total long-term assets$4,580,194$4,567,600$4,754,221$4,934,143$5,057,337
Total assets$7,433,016$7,555,847$7,754,479$8,338,223$7,842,682
 
Liabilities20172016201520142013
Payables and accrued expenses$281,870$285,737$158,066$237,271$120,910
Other current liabilities$586,877$588,299$625,135$648,535$734,634
Total current liabilities$868,747$874,036$783,201$885,806$855,544
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$0$0$0$0
Total liabilities$868,747$874,036$783,201$885,806$855,544
 
Net assets20172016201520142013
Unrestricted$6,219,981$6,346,680$6,648,870$6,920,075$6,649,426
Temporarily restricted$210,007$200,850$188,127$398,061$203,431
Permanently restricted$134,281$134,281$134,281$134,281$134,281
Net assets$6,564,269$6,681,811$6,971,278$7,452,417$6,987,138
 
Revenues and expenses
 
Revenue20172016201520142013
Total contributions$7,972,306$8,597,207$8,239,261$8,683,800$8,064,208
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$111,356$54,951$48,821$58,447$185,531
Other revenue($258)$42,500$18,050$42,743($12,257)
Total other revenue$111,098$97,451$66,871$101,190$173,274
Total revenue$8,083,404$8,694,658$8,306,132$8,784,990$8,237,482
 
Expenses20172016201520142013
Program services$6,399,935$6,926,035$6,780,353$6,733,257$6,386,695
Management and general$1,189,171$1,195,942$1,162,932$1,134,624$1,076,021
Fundraising$808,332$822,731$773,680$768,262$773,820
Total expenses$8,397,438$8,944,708$8,716,965$8,636,143$8,236,536
 
Change in net assets20172016201520142013
Surplus (deficit)($314,034)($250,050)($410,833)$148,847$946
Other changes in net assets$196,492($39,417)($70,306)$316,432$0
Total change in net assets($117,542)($289,467)($481,139)$465,279$946

Response from ministry

No response has been provided by this ministry.


History

Historical Highlights

1943 >>> Haven of Rest begins as a "calling" in the hearts of Rev. and Mrs. Charles C. Thomas. They open a storefront rescue mission on Akron's North Howard Street. A short time later, Haven of Rest moves to a former hotel on North Howard Street.

1952 >>> Haven of Rest breaks ground for a new Rescue Mission and Alcoholic Clinic on E. Buchtel Ave. near the University of Akron campus. The $500,000 structure opens three years later with only an $80,000 mortgage that was paid off in two years.

1974 >>> When expansion of the University of Akron makes it necessary for Haven of Rest to give up its Buchtel Ave. location, God provides an even better one at 175 E. Market St. in Akron where a modern, more functional rescue mission is constructed.

1976 >>> Rev. Charles C. Thomas is succeeded by his son, Rev. Curtis Thomas.

1979 >>> Haven of Rest builds Harvest Home in response to the needs of a growing number of women in crisis situations. It is quickly recognized as one of the community's most important social service assets.

1988 >>> Haven of Rest conducts successful $2.5 million capital campaign enabling it to expand and renovate its main Rescue Mission building and Harvest Home. Capacity is increased by more than 50%.

1994 >>> Haven of Rest launches second successful capital campaign, raising $2.8 million to construct new Client Services Center to better meet the needs of homeless and hurting people.

2003 >>> After 90 combined years of service at Haven of Rest, Rev. Thomas and his wife, Eileen, retired. Rev. Thomas assumed the title of Executive Director Emeritus and served as a consultant to the ministry, particularly in the area of development. Eileen serves in a volunteer capacity. Rev. Ben W. Walker was asked by the Haven of Rest Board of Trustees to succeed Rev. Thomas as Executive Director.

2010 >>> In April 2010, Rev. Jeffrey A. Kaiser was named Executive Director Elect.

2011 >>> Rev. Jeffrey A. Kaiser assumed the role of Executive Director.


Program accomplishments

In 2015, Haven of Rest provided 311,765 meals and 66,816 nights of lodging to homeless and hurting men, women and children in the community. In addition, the Mission has expanded its Men's Residential Program to meet the critical need for this service in our community. Special holiday meals at Easter, Thanksgiving, and Christmas provided 650, 752, and 756 meals, respectively. Also, Haven of Rest provided clothing assistance for 15,742 individuals. Haven of Rest's Christmas Help program provided for 243 families as well. Haven of Rest's Social Enterprise Programs have caught the attention of international organizations and a fabric created by women on our sewing track, in conjunction with a local university, was displayed at an international conference.


Needs

    There are four distinct ways you can help Haven of Rest:
    • Pray daily for Haven of Rest ?
    • Serve as a Haven of Rest volunteer ?
    • Donate food, clothing, and other material gifts ?
    • Support Haven of Rest financially