Hope Ministries

Summary

Hope Ministries (HM) is a Christian nonprofit 501c3 organization based in Des Moines, IA. The organization offers help to the homeless and needy through their four facilities: Bethel Mission, the Door of Faith, Buchanan Homes transitional housing, and a Thrift Store ministry.

HM believes that people who are homeless and in need can, with God's help, find lasting hope and healing. The ministry exists to make this happen.

This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law.


Contact information

Mailing address:
1310 6th Ave.
P. O. Box 862, 50304
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: Mr. Gary Walter

Board size: 12

Founder:

Year founded: 2000

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 1997


Purpose

Hope Ministries (HM) is a Christian nonprofit 501c3 organization based in Des Moines, IA. The organization offers help to the homeless and needy through their four facilities: Bethel Mission, the Door of Faith, Buchanan Homes transitional housing, and a Thrift Store ministry.

HM believes that people who are homeless and in need can, with God's help, find lasting hope and healing. The ministry exists to make this happen.

This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law.


Mission statement

Hope Ministries uses the following to express its Mission Statement:

The purpose of Hope Ministries is to proclaim and demonstrate the life-changing Gospel of Jesus Christ, meeting the spiritual, physical and emotional needs of men, women and children who are homeless or in need of assistance.


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.

Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating308 of 43014 of 23
Fund acquisition rating334 of 43016 of 23
Resource allocation rating167 of 43010 of 23
Asset utilization rating320 of 43014 of 23

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%12%12%12%9%10%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%10%10%10%8%9%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%87%85%86%91%91%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%11%11%11%11%11%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%13%15%14%9%9%
 
Operating ratiosMedian % for
all ministries in
MW database
20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%84%84%84%84%84%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%98%94%96%70%81%
Program output ratio Program output ratio =
Program services /
Total revenue
81%82%79%81%58%68%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%2%6%4%30%19%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%2%6%3%34%24%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%5%5%5%5%5%
 
Investing ratiosMedian measure
for all ministries
in MW database
20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.320.770.800.760.700.92
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.531.952.042.172.203.43
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.531.511.641.651.543.16
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.1029.6233.5430.8332.8615.65
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.030.030.030.030.06
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.067.707.127.037.583.56
 
Solvency ratiosMedian % for
all ministries in
MW database
20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%9%9%11%11%10%
Debt ratio Debt ratio =
Debt /
Total assets
0%7%8%9%10%9%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
64%118%113%117%127%97%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$3,633,829$3,774,884$3,280,361$3,051,711$2,875,685
Receivables, inventories, prepaids$386,132$244,582$295,469$60,955$44,486
Short-term investments$4,296,086$3,726,911$3,503,173$3,794,684$0
Other current assets$0$0$0$0$0
Total current assets$8,316,047$7,746,377$7,079,003$6,907,350$2,920,171
Long-term investments$0$0$0$0$0
Fixed assets$6,172,195$6,374,554$6,580,865$6,605,171$5,490,804
Other long-term assets$1,712,966$1,716,329$1,692,231$1,702,635$1,604,981
Total long-term assets$7,885,161$8,090,883$8,273,096$8,307,806$7,095,785
Total assets$16,201,208$15,837,260$15,352,099$15,215,156$10,015,956
 
Liabilities20182017201620152014
Payables and accrued expenses$243,319$230,948$229,596$210,196$186,567
Other current liabilities$37,400$0$0$0$0
Total current liabilities$280,719$230,948$229,596$210,196$186,567
Debt$1,180,258$1,249,620$1,408,795$1,515,890$863,782
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$1,180,258$1,249,620$1,408,795$1,515,890$863,782
Total liabilities$1,460,977$1,480,568$1,638,391$1,726,086$1,050,349
 
Net assets20182017201620152014
Unrestricted$12,708,740$12,327,347$11,694,081$11,460,601$7,040,538
Temporarily restricted$1,433,000$1,468,000$1,490,000$1,534,000$1,441,000
Permanently restricted$598,491$561,345$529,627$494,469$484,069
Net assets$14,740,231$14,356,692$13,713,708$13,489,070$8,965,607
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$11,182,432$11,481,429$10,439,883$13,860,466$10,369,580
Program service revenue$1,256,402$1,263,467$1,186,847$1,061,141$784,669
Membership dues$0$0$0$0$0
Investment income$208,876$571,444$195,410$28,494$5,751
Other revenue$195,059$182,730$329,148$244,853$197,490
Total other revenue$1,660,337$2,017,641$1,711,405$1,334,488$987,910
Total revenue$12,842,769$13,499,070$12,151,288$15,194,954$11,357,490
 
Expenses20182017201620152014
Program services$10,570,537$10,645,044$9,843,378$8,872,042$7,711,502
Management and general$626,094$660,620$599,292$550,521$462,627
Fundraising$1,329,969$1,368,519$1,242,722$1,184,109$1,041,964
Total expenses$12,526,600$12,674,183$11,685,392$10,606,672$9,216,093
 
Change in net assets20182017201620152014
Surplus (deficit)$316,169$824,887$465,896$4,588,282$2,141,397
Other changes in net assets$0$0$0$0$0
Total change in net assets$316,169$824,887$465,896$4,588,282$2,141,397

Response from ministry

No response has been provided by this ministry.


History

History of Hope Ministries

Hope Ministries was founded in July of 2000, the union of Bethel Mission and the Door of Faith. Behind the programs and vision of Hope Ministries are more than a century of combined service to the homeless and hungry of Central Iowa.

Over the last two years these two facilities served more than 180,000 meals to hungry men, women and children, and homeless men received more than 80,000 nights of safe shelter -- a refuge from the danger of the streets and the day-to-day struggle to survive.

Due to the growing need for long-term Christ-centered shelter and recovery for women and their children, Hope Ministries expanded its programs and services through the Hope Family Center in October 2004.

Bethel Mission

Bethel Mission was founded in 1915, the result of a vision to help the needy and the combined prayers of several Des Moines churches. For the first 35 years, Bethel served Des Moines as an old-time "gospel mission," with preaching and Bible teaching.

But in 1949, the Mission began offering shelter to homeless men, as well as meals to the hungry -- a vision which continues today. In 1988, with the generous support of Des Moines businesses and individual supporters, Bethel moved from its aging facilities to a modern 84-bed, 24,000 square-foot building at 1310 6th Avenue in Des Moines.

The Door of Faith

The Door of Faith was founded in 1969 by George and Jeanne Holloway. Mr. Holloway spent 37 years of his life on the streets and struggling to survive, just like many of The Door's residents.

Late in life, he accepted Christ as his personal Savior and decided to make a change. He founded the Door of Faith with the goal of rehabilitating the homeless. He wanted The Door to provide more than just a warm bed and a meal. His goal: to initiate real change by getting to the heart of the problem.

With less than $700 in the bank, the Holloways stepped out in faith and founded The Door. More than three decades later, Mr. Holloway's tough love philosophy, based on responsibility, faith and accountability, are still very much alive at the Door of Faith.

Until December of 2002, The Door operated from a facility at 1006 Grand in downtown Des Moines. Early in 2003, Hope Ministries opened a new Door facility at 6701 SW 9th Street on Des Moines' south side. This new location reflects The Door's renewed emphasis on recovery and rehabilitation within Hope Ministries' larger program.

The Door ministers to hundreds of homeless men each year, providing a full array of rehabilitation and recovery services to men who are rebuilding their lives from the inside out.


Program accomplishments

  • Hope Ministries' new Door of Faith facility on Des Moines' south side is proving itself as a place where men can find hope and stability. The Door of Faith is a 102-bed facility that ministers to homeless men through a program of tough love, sobriety, accountability and responsibility. Each man works with a case manager to establish a plan for healing and independence. On the spiritual side, the Door provides ample opportunity for men to experience the healing power of Christ through group Bible studies and personal reflection. Since gainful employment is so important to a man's recovery, the Door actively manages relationships between employers and residents. Employers are screened and pre-certified, and job placement is an important part of a man's individual recovery plan. In addition, the Door periodically offers special vocational training in concert with local educational institutions. The most successful example of this approach has been the Culinary Arts Program, where men have learned how to prepare food in a commercial (restaurant) setting.
  • A renovation of Bethel Mission emergency shelter is helping Hope Ministries stretch reach out to those men who need a kind word and a safe place - and to those families who need a warm, nutritious meal. Bethel Mission has been offering hope to the hungry, homeless and hurting for more than 88 years. The simple gospel message of Jesus Christ is presented in nightly chapel services and through frequent interaction with the Mission's ministerial and counseling staff. For men who wish to make lasting changes in their lives, the Special Transition and Evaluation Program (STEP) provides a 30-day transition period prior to moving to the Door of Faith, Hope Ministries' recovery and rehabilitation program.
  • Plans are underway to begin a brand new ministry to the homeless: the Hope Family Center, a refuge for at-risk women and children. This facility will open in the summer of 2004. Hope Ministries will offer up to 18 months of help to the moms and kids.

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.