Refuge of Hope Ministries

Summary

Refuge of Hope is a faith-based, non-profit, Christian rescue mission providing safe, sober, emergency transitional shelter for men and hot, nutritious meals for hungry men, women, and children in Stark County. Refuge of Hope's shelter is not just a place where a homeless man can sleep at night. Rather, it's a support center, in a safe environment, where men can come to grips with the personal, economical and societal issues that caused them to become homeless. We provide a hand up to encourage homeless men, to help them realize that positive life changes are possible regardless of their current circumstances.


Contact information

Mailing address:
Refuge of Hope Ministries
PO Box 9361
Canton, OH 44711

Website: refugeofhope.org

Phone: 330-453-1785

Email: jcarpenter@refugeofhope.org


Organization details

EIN: 341965221

CEO/President: Duane Wykoff

Chairman: Randy Snow

Board size: 15

Founder:

Year founded: 2002

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2008


Purpose

Transform lives by providing hope that elevates people to reach their God-given potential. Our goal is to help homeless men understand the love of Jesus Christ and achieve the stability necessary to be a positive contributor in our community. Our goal, in addition to serving hot, nutritious meals, is to meet the physical, emotional and spiritual needs of hurting individuals and families. We strive to go the extra mile by treating our lunch and dinner guests with love, compassion, and respect by providing the hope and encouragement they need.


Mission statement

Glorify and serve God by providing meals for hungry men, women, and children, emergency shelter and transition to independence for homeless men, and spiritual hope through Jesus Christ.


Statement of faith

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating294 of 72572 of 145
Fund acquisition rating251 of 72648 of 145
Resource allocation rating282 of 72665 of 145
Asset utilization rating442 of 725105 of 145

Financial ratios

Funding ratiosSector median20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%8%5%12%10%9%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%8%5%12%10%8%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
90%100%100%100%100%89%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
9%12%19%13%11%9%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
10%0%0%0%0%11%
 
Operating ratiosSector median20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%82%76%81%81%83%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%65%26%90%89%82%
Program output ratio Program output ratio =
Program services /
Total revenue
76%53%20%73%72%68%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%35%74%10%11%18%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%13%70%9%10%18%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%7%5%7%8%8%
 
Investing ratiosSector median20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.620.220.250.850.770.80
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.931.601.202.192.573.08
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.500.360.301.861.982.46
 
Liquidity ratiosSector median20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.6111.12231.8124.7337.7527.40
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.090.000.040.030.04
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.2430.7340.286.205.904.69
 
Solvency ratiosSector median20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%6%0%2%1%1%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
144%424%404%115%128%123%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$3,900,915$3,411,131$828,377$644,019$501,333
Receivables, inventories, prepaids$896,365$1,853,647$40,560$21,264$0
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$4,797,280$5,264,778$868,937$665,283$501,333
Long-term investments$0$0$0$0$0
Fixed assets$2,867,817$974,329$1,009,730$1,043,782$1,042,215
Other long-term assets$0$91,981$20,380$0$0
Total long-term assets$2,867,817$1,066,310$1,030,110$1,043,782$1,042,215
Total assets$7,665,097$6,331,088$1,899,047$1,709,065$1,543,548
 
Liabilities20182017201620152014
Payables and accrued expenses$431,501$22,712$35,131$17,622$18,300
Other current liabilities$0$0$0$0$0
Total current liabilities$431,501$22,712$35,131$17,622$18,300
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$431,501$22,712$35,131$17,622$18,300
 
Net assets20182017201620152014
Unrestricted$2,051,049$1,802,023$1,818,176$1,657,387$1,518,748
Temporarily restricted$5,182,547$4,506,353$45,740$34,056$6,500
Permanently restricted$0$0$0$0$0
Net assets$7,233,596$6,308,376$1,863,916$1,691,443$1,525,248
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$2,619,266$6,002,716$1,791,248$1,487,672$1,354,147
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$11,751$3,105$2,288$1,521$737
Other revenue($1,182)$163($7,241)($4,825)$160,510
Total other revenue$10,569$3,268($4,953)($3,304)$161,247
Total revenue$2,629,835$6,005,984$1,786,295$1,484,368$1,515,394
 
Expenses20182017201620152014
Program services$1,389,493$1,191,383$1,301,481$1,072,652$1,024,033
Management and general$114,418$81,021$105,942$102,006$93,998
Fundraising$200,704$289,120$206,399$143,515$117,345
Total expenses$1,704,615$1,561,524$1,613,822$1,318,173$1,235,376
 
Change in net assets20182017201620152014
Surplus (deficit)$925,220$4,444,460$172,473$166,195$280,018
Other changes in net assets$0$0$0$0$0
Total change in net assets$925,220$4,444,460$172,473$166,195$280,018

Compensation

NameTitleCompensation
Duane WykoffCEO$64,152

Compensation data as of: 12/31/2018


Response from ministry

No response has been provided by this ministry.


History


Program accomplishments

We were able to move 125 men into permanent housing last year, transitioning once homeless men to living independently in their own apartments. Refuge of Hope is the only such shelter in Stark County for men.


Needs

Your generosity enables us to serve hot and nutritious meals free to the community in a family-style setting Monday through Saturday. Our numbers are growing more every day. Even the smallest contribution is sincerely appreciated.