Hope Haven Inc

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 3/21/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Hope Haven is an accredited resource for disability services and advocacy. We offer service programs and support to meet a broad range of needs for children, adults, and families - from physical, mental, and intellectual to residential, vocational, and spiritual. Our passion to make a positive, lasting impact on the lives of those we serve is evident in all that we do. Our programs are present in communities around the Midwest, and our international outreach extends to 109 countries. Keep reading for descriptions of our available service programs.

COMMUNITY LIVING - These services enable individuals with a variety of behavior disorders, disabilities and mental illnesses to participate in the community with the highest possible degree of personal autonomy. These services are person centered and include opportunities to engage in community life and receive services in the community to the same degree as individuals who do not receive services.

EMPLOYMENT SERVICES - Supporting people in obtaining and maintaining employment in their communities. DAY HABILITATION - Designed to enable an individual to enrich his or her life and enjoy a full range of community engagement by providing opportunities for developing, enhancing, and maintaining competency in personal, social, and community activities.

MENTAL HEALTH & RECOVERY - Key to Success, Peer Support Services, along with Habilitation Services.

SPIRITUAL SUPPORT - helps to meet the spiritual needs of the people that we serve and provides support to co-workers who may have spiritual questions. Also serves as a resource to area churches to help them increase their capacity to welcome and include people with disabilities in the life of the church.

INTERNATIONAL MINISTRIES - Delivering wheelchairs to people in desperate need of them around the world.


Contact information

Mailing address:
Hope Haven
1800 19th Street
PO Box 70
Rock Valley, IA 51247

Website: hopehaven.org

Phone: 712-476-2737

Email: contact@hopehaven.org


Organization details

EIN: 420890017

CEO/President: Matt Buley

Chairman: Ron Boote

Board size: 2

Founder:

Year founded: 1967

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 1997


Purpose

Hope Haven is community committed to the special creation of God that is the human being; encouraging the realization of dreams, desires, and aspirations; valuing gifts, talents, and contributions; sharing accountability for individual and community growth.


Mission statement

As followers of Christ we unleash potential in people through work and life skills so that they may enjoy a productive life in their community.


Statement of faith

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating176 of 9139 of 45
Fund acquisition rating480 of 91525 of 45
Resource allocation rating198 of 91510 of 45
Asset utilization rating191 of 91311 of 45

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
9%22%27%17%23%19%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
7%1%1%1%1%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
81%6%5%9%7%8%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
7%1%1%2%2%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
19%94%95%91%93%92%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%86%86%89%89%90%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%98%98%94%95%94%
Program output ratio Program output ratio =
Program services /
Total revenue
78%85%85%84%85%84%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%2%2%6%5%6%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%3%3%10%9%12%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%13%12%10%9%9%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.751.471.531.451.441.51
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.721.721.671.691.711.83
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.692.532.562.462.472.77
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.106.496.435.765.113.83
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.150.160.170.200.26
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.944.023.964.043.903.20
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
14%13%12%12%14%18%
Debt ratio Debt ratio =
Debt /
Total assets
4%4%3%2%3%3%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
94%60%58%60%59%54%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$7,380,905$7,826,484$6,941,209$7,629,254$4,656,630
Receivables, inventories, prepaids$9,306,513$8,773,285$9,038,475$7,491,180$8,744,359
Short-term investments$1,070,174$1,051,561$1,022,159$357,564$302,883
Other current assets$0$0$0$0$0
Total current assets$17,757,592$17,651,330$17,001,843$15,477,998$13,703,872
Long-term investments$0$0$0$0$0
Fixed assets$12,540,974$11,574,009$11,579,681$10,759,821$11,197,401
Other long-term assets$246,721$308,936$232,636$244,107$156,715
Total long-term assets$12,787,695$11,882,945$11,812,317$11,003,928$11,354,116
Total assets$30,545,287$29,534,275$28,814,160$26,481,926$25,057,988
 
Liabilities20202019201820172016
Payables and accrued expenses$2,410,610$2,488,925$2,750,568$2,696,382$3,196,779
Other current liabilities$325,057$256,843$200,965$333,235$381,438
Total current liabilities$2,735,667$2,745,768$2,951,533$3,029,617$3,578,217
Debt$1,093,617$741,888$645,145$689,013$813,088
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$1,093,617$741,888$645,145$689,013$813,088
Total liabilities$3,829,284$3,487,656$3,596,678$3,718,630$4,391,305
 
Net assets20202019201820172016
Without donor restrictions$26,455,905$25,929,219$25,102,730$22,391,829$20,414,861
With donor restrictions$260,098$117,400$114,752$371,467$251,822
Net assets$26,716,003$26,046,619$25,217,482$22,763,296$20,666,683
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$2,672,821$2,440,035$3,768,580$2,650,601$3,184,781
Program service revenue$42,053,940$42,298,110$39,034,229$36,746,845$36,090,347
Membership dues$0$0$0$0$0
Investment income$134,383$383,586$490,571$22,523$123,624
Other revenue$709,345$935,071$925,285$922,428$946,506
Total other revenue$42,897,668$43,616,767$40,450,085$37,691,796$37,160,477
Total revenue$45,570,489$46,056,802$44,218,665$40,342,397$40,345,258
 
Expenses20202019201820172016
Program services$38,648,819$39,076,075$37,009,141$34,135,783$34,070,688
Management and general$5,637,754$5,493,845$4,114,175$3,521,167$3,284,190
Fundraising$590,925$651,950$643,122$602,112$607,614
Total expenses$44,877,498$45,221,870$41,766,438$38,259,062$37,962,492
 
Change in net assets20202019201820172016
Surplus (deficit)$692,991$834,932$2,452,227$2,083,335$2,382,766
Other changes in net assets$0$0$0$0$0
Total change in net assets$692,991$834,932$2,452,227$2,083,335$2,382,766

Compensation

NameTitleCompensation
Matt BuleyCEO$239,559
Loy Van't HulKey Employee$162,254
Terry MeyerCFO$124,799
Calvin HelmusFormer Emplo$106,113
David van NingenFormer Direc$15,000

Compensation data as of: 6/30/2020


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 3/21/2021. To update the information below, please email: info@ministrywatch.com


History

Years before Hope Haven became a reality, it started as the dream of four Midwestern forefathers - and it all began over a cup of coffee.

This group envisioned a future full of possibilities for children in their community with disabilities, and were determined to bring their ideas to life. After years of dedication and a series of uphill battles, Hope Haven opened its doors to eleven children in 1964.

From our beginnings in Northwest Iowa, we've grown and adapted - expanding in both services and scope. Today, we're present in counties in Iowa and Minnesota, and our International Ministries impacts the lives of people in 109 countries.

We continue to develop and refine programs to accommodate ongoing needs, and remain committed to empowering others to recognize, appreciate and share their talents.

1959 - The concept for Hope Haven emerges in Rock Valley, Iowa.

1964 - Hope Haven is established, serving 11 children with three staff members.

1968 - Work Training Center opens, offering real work opportunities and training for adults with disabilities.

1983 - First three residential sites are built.

1988 - Mental Health & Recovery services are established.

1994 - International Ministries begins, providing mobility through worldwide wheelchair distributions.

1998 - The Work Training Center becomes Double HH Manufacturing.

2001 - The KidChair Wheelchair is introduced and begins distribution around the world.

2010 - Employment services expand into Worthington, MN through the acquisition of The Achievement Center (TAC).

2014 - Expansion into Spirit Lake and Estherville regions through the acquisition of Echo Plus.

2015 - Partnership with Sunshine Services begins in Spencer, IA.

2018 - Faith, Hope & Charity of Storm Lake, IA becomes a division of Hope Haven.


Program accomplishments

40+ community living homes

130,000+ wheelchairs delivered

1,495,000+ community service hours

15+ communities served


Needs