Hope Ministries

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 3/8/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Hope Ministries provides food, clothing, shelter and life recovery support for men, women and children in desperate need. With seven ministry centers around Des Moines, our goal is to provide rescue, recovery and restoration to change people's lives forever.


Contact information

Mailing address:
Hope Ministries
PO Box 862
Des Moines, IA 50304-0862

Website: www.hopeiowa.org

Phone: (515) 265-7272

Email: info@hopeiowa.org


Organization details

EIN: 421512992

CEO/President: Mr. Leon Negen

Chairman: Jeff Stanbrough

Board size: 10

Founder:

Year founded: 2001

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 1997


Purpose

Every day hurting people in Central Iowa are without safe, stable housing. Many don't know how they'll get their next meal. Abuse, addiction, incarceration and other painful circumstances have shattered their confidence and independence. We are here to help.

Our rescue services offer safe shelter, nutritious meals, free clothing and more, and our long-term life recovery programs are meant to break the cycles of homelessness, abuse, addiction, incarceration and chronic poverty. Every day we're meeting the spiritual, physical and emotional needs of men, women and children!


Mission statement

To rescue those who are homeless, hungry, abused or addicted, providing opportunities for hope, recovery and restoration through the love of Jesus Christ.


Statement of faith

Hope Ministries uses the following to express its Statement of Faith:

  • We believe that there is one God, eternally existing in three persons: Father, Son, and Holy Spirit.
  • We believe in the deity of Jesus Christ, in His virgin birth, in His sinless life, in His miracles, in His vicarious and atoning death through His shed blood, in His bodily resurrection, in His ascension to the right hand of the Father and in His future return in power and glory.
  • We believe that the Holy Spirit personally indwells all believers, bearing witness to their relationship with God; and imparts spiritual enlightenment, conviction of sin, and divine power for witnessing and service.
  • We believe the Bible, as contained in the Old and New Testaments, is the inspired written Word of God. As such it is infallible and authoritative in all moral and spiritual teaching.
  • We believe in the bodily resurrection of the saved to eternal blessedness and joy, and of the lost to judgment and eternal conscious punishment.
  • Our desire is that all people will place their trust in Jesus Christ. We believe it is essential for all people to believe in Jesus as their Savior and receive Him as their Lord by the regeneration of the Holy Spirit.
  • We believe that God alone holds the power to set us free from the bondage of sin, addictions, and compulsions that destroy the quality of life that God intends for us to live.
  • We believe in the spiritual unity of believers in Christ and that we should speak with a united voice for the welfare of the community.

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating728 of 94043 of 59
Fund acquisition rating628 of 94241 of 59
Resource allocation rating511 of 94233 of 59
Asset utilization rating708 of 94040 of 59

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%11%13%12%12%12%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%10%11%10%10%10%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
77%91%88%87%85%86%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
7%13%12%11%11%11%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
23%9%12%13%15%14%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
81%79%82%84%84%84%
Spending ratio Spending ratio =
Total expenses /
Total revenue
95%77%98%98%94%96%
Program output ratio Program output ratio =
Program services /
Total revenue
76%61%81%82%79%81%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
5%23%2%2%6%4%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
5%18%2%2%6%3%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%8%6%5%5%5%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.860.530.780.770.800.76
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.722.031.911.952.042.17
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.751.091.491.511.641.65
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
7.2928.9033.3629.6233.5430.83
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.130.030.030.030.030.03
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.8210.677.827.707.127.03
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
14%14%8%9%9%11%
Debt ratio Debt ratio =
Debt /
Total assets
3%12%7%7%8%9%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
85%162%118%118%113%117%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$5,697,610$3,765,597$3,633,829$3,774,884$3,280,361
Receivables, inventories, prepaids$301,231$476,956$386,132$244,582$295,469
Short-term investments$4,415,336$4,302,534$4,296,086$3,726,911$3,503,173
Other current assets$0$0$0$0$0
Total current assets$10,414,177$8,545,087$8,316,047$7,746,377$7,079,003
Long-term investments$0$0$0$0$0
Fixed assets$9,004,771$6,014,564$6,172,195$6,374,554$6,580,865
Other long-term assets$1,771,033$1,780,574$1,712,966$1,716,329$1,692,231
Total long-term assets$10,775,804$7,795,138$7,885,161$8,090,883$8,273,096
Total assets$21,189,981$16,340,225$16,201,208$15,837,260$15,352,099
 
Liabilities20202019201820172016
Payables and accrued expenses$360,301$256,110$243,319$230,948$229,596
Other current liabilities$0$0$37,400$0$0
Total current liabilities$360,301$256,110$280,719$230,948$229,596
Debt$2,548,285$1,109,768$1,180,258$1,249,620$1,408,795
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$2,548,285$1,109,768$1,180,258$1,249,620$1,408,795
Total liabilities$2,908,586$1,365,878$1,460,977$1,480,568$1,638,391
 
Net assets20202019201820172016
Without donor restrictions$15,901,100$12,908,106$12,708,740$12,327,347$11,694,081
With donor restrictions$2,380,295$2,066,241$2,031,491$2,029,345$2,019,627
Net assets$18,281,395$14,974,347$14,740,231$14,356,692$13,713,708
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$13,277,410$11,371,226$11,182,432$11,481,429$10,439,883
Program service revenue$996,801$1,135,790$1,256,402$1,263,467$1,186,847
Membership dues$0$0$0$0$0
Investment income$179,485$249,946$208,876$571,444$195,410
Other revenue$207,435$235,437$195,059$182,730$329,148
Total other revenue$1,383,721$1,621,173$1,660,337$2,017,641$1,711,405
Total revenue$14,661,131$12,992,399$12,842,769$13,499,070$12,151,288
 
Expenses20202019201820172016
Program services$8,988,366$10,490,076$10,570,537$10,645,044$9,843,378
Management and general$880,711$758,990$626,094$660,620$599,292
Fundraising$1,439,049$1,470,501$1,329,969$1,368,519$1,242,722
Total expenses$11,308,126$12,719,567$12,526,600$12,674,183$11,685,392
 
Change in net assets20202019201820172016
Surplus (deficit)$3,353,005$272,832$316,169$824,887$465,896
Other changes in net assets$0$0$0$0$0
Total change in net assets$3,353,005$272,832$316,169$824,887$465,896

Compensation

NameTitleCompensation
Leon NegenChief Executive Officer$218,497
Kathy CoadyDirector of Development$123,383

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 3/8/2021. To update the information below, please email: info@ministrywatch.com


History

1915: Bethel Mission opens

1969: Door of Faith opens

1999: Leaders of both organizations begin talking about joining forces

2000: Bethel Mission and Door of Faith merge to become Hope Ministries

2003: Newly constructed Door of Faith opens on SW 9th Street

2004: Hope Center for Women and Children opens

2005: Construction of Hope Cafe community meal site

2013-14: Thrift store is renamed ENCORE Thrift Store and relocates to Merle Hay Road; second location opens on Army Post Road

2015: Hope Ministries celebrates 100th anniversary

2019: Bethel Mission renovation begins, expanding shelter dorm from 80 beds to 110

2020: Purchase of property at 3800 E. Douglas, with a vision of expanding services to women and children

2021: Thrift ministry is renamed Hope Ministries Thrift with new logo


Program accomplishments

Statistics from Fiscal Year 2020:

175,963 meals served - We serve three meals to hundreds of hungry people each day.

64,173 nights of shelter - We provide free and safe shelter for men, women and children who are homeless and hurting.

270 life recovery participants - Through classes, counseling, work skills training and more, our free life recovery programs offer lasting transformation.


Needs

Hope Ministries has communicated the following ways you can make a difference in the lives of the homeless and hurting:

Gifts in Kind: Your gifts of food, clothing, personal items, furniture and other items can make an immediate difference to a needy person or family.

Volunteer: Once you've worked with homeless and hurting people -- even for an afternoon -- your life will never be quite the same. We have several ways for you (or your group) to do just that.

Prayer Support: Nothing truly miraculous happens in a person's life without God's help. We need people who will pray for Hope Ministries -- because the need is so great.

Financial Support: Even the smallest gift helps us help those in need. Please consider a gift in whatever amount you feel comfortable with.