Hope Mission of Carteret County

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 12/21/2020. To update the information in this column, please email: info@ministrywatch.com


Summary

Hope Mission of Carteret County, Inc. is a non-profit Christian ministry which seeks to serve the less fortunate citizens of Carteret County through ministries of food, shelter for the homeless, emergency financial assistance, compassion and prayer. Our volunteers come largely from all over the county, from individuals, groups, businesses and churches.


Contact information

Mailing address:
Hope Mission of Carteret County
1410 Bridges Street
Morehead City, NC 28557

Website: hopemissionnc.org

Phone: 252-240-2359

Email: info@hopemissionnc.org


Organization details

EIN: 561757998

CEO/President: Gene McLendon

Chairman:

Board size: 0

Founder: Faith and Victory Church

Year founded: 1992

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: No

Member of ECFA since:


Purpose

At Hope Mission, we believe that homeless folks and those that are on the edge or have substance abuse issues have lost their sense of identity. Much of the time that loss of a sense of identity is because of the disconnection from family and community. These folks feel as though they are standing alone against the whole world. And they become discouraged from thinking that life can ever be any better. They lose hope. At Hope Mission, we do everything we can to give them back that sense of belonging. We believe this is vital to their ability to transition back to the full and rewarding lives God intended them to live.


Mission statement

The mission of Hope Mission is to address the needs of poverty, homelessness, and substance abuse in Carteret County.


Statement of faith

Transparency grade

D

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating16 of 8172 of 150
Fund acquisition rating72 of 81714 of 150
Resource allocation rating45 of 81712 of 150
Asset utilization rating78 of 81712 of 150

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
9%2%1%3%5%8%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%2%1%3%5%8%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%100%100%100%100%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
9%2%1%4%6%9%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%0%0%0%0%0%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%90%94%88%89%83%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%105%113%81%83%90%
Program output ratio Program output ratio =
Program services /
Total revenue
76%94%106%71%74%74%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%-5%-13%19%17%10%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-11%-7%17%15%9%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%9%5%8%6%8%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.622.060.640.690.720.79
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.902.831.251.351.481.61
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.495.840.800.931.061.27
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.9238.37387.740.000.000.00
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.030.000.000.000.00
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.132.0014.9612.9311.319.41
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%5%2%2%2%3%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
143%46%154%143%136%123%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$56,672$416,045$282,508$199,177$139,694
Receivables, inventories, prepaids$0$0$12,083$18,258$31,479
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$56,672$416,045$294,591$217,435$171,173
Long-term investments$0$0$0$0$0
Fixed assets$103,666$103,666$103,666$103,666$103,666
Other long-term assets$0$0$0$0$0
Total long-term assets$103,666$103,666$103,666$103,666$103,666
Total assets$160,338$519,711$398,257$321,101$274,839
 
Liabilities20192018201720162015
Payables and accrued expenses$1,477$1,073$0$0$0
Other current liabilities$0$0$0$0$0
Total current liabilities$1,477$1,073$0$0$0
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$7,093$7,093$7,093$7,093$7,378
Total long-term liabilities$7,093$7,093$7,093$7,093$7,378
Total liabilities$8,570$8,166$7,093$7,093$7,378
 
Net assets20192018201720162015
Unrestricted$0$511,545$391,164$314,008$267,461
Temporarily restricted$0$0$0$0$0
Permanently restricted$0$0$0$0$0
Net assets$151,768$511,545$391,164$314,008$267,461
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$314,477$295,096$339,083$277,012$243,107
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$0$0$0$0$318
Other revenue$0$0$0$0$0
Total other revenue$0$0$0$0$318
Total revenue$314,477$295,096$339,083$277,012$243,425
 
Expenses20192018201720162015
Program services$296,768$312,940$239,823$204,366$180,184
Management and general$29,015$16,903$22,298$12,913$17,770
Fundraising$5,165$3,046$11,284$13,419$20,234
Total expenses$330,948$332,889$273,405$230,698$218,188
 
Change in net assets20192018201720162015
Surplus (deficit)($16,471)($37,793)$65,678$46,314$25,237
Other changes in net assets$0$0$0$0$0
Total change in net assets($16,471)($37,793)$65,678$46,314$25,237

Compensation

Compensation data for this ministry has not been collected.


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 12/21/2020. To update the information below, please email: info@ministrywatch.com


History

Faith and Victory Church started Hope Mission Soup Kitchen in January of 1990. The church members recognized a need in the community and had a desire to fill that need, by providing hot meals for anyone that needed one.

July 29, 1991 - Hope Mission of Carteret County, Inc. incorporated, still operating out of the Faith and Victory location

October of 1991 - Hope Mission Soup Kitchen moved to 1306 Arendell St., Morehead City

April of 1992 - Hope Mission purchased the building at 1412 Bridges Street with the assistance of local charitable organizations, churches, businesses and private individuals. Habitat for Humanity remodeled the building at 1412 Bridges Street and built the building at 1410 Bridges Street, where the Soup Kitchen is currently.

Nearly 30 years later, Faith and Victory Church is no longer around. But at Hope Mission, we work every day to model and honor their example. Hope Mission Soup Kitchen: Hope Mission is still financed largely by contributions from businesses, individuals, civic groups and churches. It truly is a "whole community endeavor".

A Board of Directors oversees this ministry and Gene McLendon, our Executive Director keeps things running smoothly on a daily basis.

Over the years, Hope Mission has expanded to fill more of the needs of the community. Currently, Hope Mission operates a Men's Homeless Shelter, a Women's Homeless Shelter and a Soup Kitchen. Other members of the Hope Mission family include the Hope Mission Thrift Store, which helps provide funding for the shelters and kitchen and Hope Recovery Homes, a very successful drug and alcohol recovery program.


Program accomplishments


Needs