Hope and Home

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 1/25/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Hope & Home is a provider of foster/adopt services. We help find safe and loving homes for the children in Colorado who have been abused and neglected.


Contact information

Mailing address:
Hope and Home
4945 N 30th Street
Colorado Springs, CO 80919

Website: hopeandhome.org

Phone: 719-575-9887

Email: gmilne@hopeandhome.org


Organization details

EIN: 841467476

CEO/President: Ross Wright

Chairman: Keith Cross

Board size: 7

Founder:

Year founded: 1998

Tax deductible: Yes

Fiscal year end: 08/31

Member of ECFA: Yes

Member of ECFA since: 2006


Purpose

Abused and neglected children who've been removed from their birth homes get a stable and nurturing family to live with until it's safe to go home again, or - when that safety isn't possible - a family to give them a "forever home" through adoption.


Mission statement

As a nondenominational Christian charity, Hope & Home trains and actively supports foster families all across the Front Range who feel compelled by Christ's command to take care of "the least of these."


Statement of faith

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Adoption/Foster Care

CategoryRatingOverall rankSector rank
Overall efficiency rating410 of 91312 of 24
Fund acquisition rating504 of 91511 of 24
Resource allocation rating291 of 91512 of 24
Asset utilization rating507 of 91312 of 24

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
15%15%8%9%16%16%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
4%1%2%2%4%4%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
56%10%18%22%24%26%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%2%2%2%4%5%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
44%90%82%78%76%74%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%85%84%83%79%79%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%70%76%91%88%88%
Program output ratio Program output ratio =
Program services /
Total revenue
77%59%64%75%70%70%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%30%24%9%12%12%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
4%38%37%15%23%28%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%13%14%15%16%16%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.830.670.800.830.900.84
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.121.331.571.982.202.93
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.160.891.261.641.972.45
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
3.6619.869.739.219.465.22
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.270.050.100.110.110.19
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
3.8312.758.576.505.443.96
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
22%23%33%43%48%59%
Debt ratio Debt ratio =
Debt /
Total assets
0%19%26%37%42%47%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
75%115%84%69%58%49%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$4,519,139$1,842,041$808,576$534,671$490,612
Receivables, inventories, prepaids$725,159$830,573$382,551$300,529$303,864
Short-term investments$1,227,678$1,098,997$988,467$945,503$451,626
Other current assets$0$0$0$0$0
Total current assets$6,471,976$3,771,611$2,179,594$1,780,703$1,246,102
Long-term investments$0$0$0$0$0
Fixed assets$2,082,133$2,118,262$2,105,677$2,113,937$2,195,007
Other long-term assets$22,410$22,044$25,332$22,995$213,757
Total long-term assets$2,104,543$2,140,306$2,131,009$2,136,932$2,408,764
Total assets$8,576,519$5,911,917$4,310,603$3,917,635$3,654,866
 
Liabilities20202019201820172016
Payables and accrued expenses$325,913$387,749$236,675$188,190$238,678
Other current liabilities$0$0$0$0$0
Total current liabilities$325,913$387,749$236,675$188,190$238,678
Debt$1,605,170$1,523,542$1,590,221$1,654,289$1,715,850
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$22,410$22,044$25,332$22,995$213,137
Total long-term liabilities$1,627,580$1,545,586$1,615,553$1,677,284$1,928,987
Total liabilities$1,953,493$1,933,335$1,852,228$1,865,474$2,167,665
 
Net assets20202019201820172016
Without donor restrictions$6,392,871$3,615,219$2,443,341$2,038,509$1,457,469
With donor restrictions$230,155$363,363$15,034$13,652$29,732
Net assets$6,623,026$3,978,582$2,458,375$2,052,161$1,487,201
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$844,454$1,142,886$859,877$962,899$885,699
Program service revenue$7,395,394$5,046,426$3,008,199$2,969,224$2,548,128
Membership dues$0$0$0$0$0
Investment income$14,164$13,824$52,702$47,141$20,404
Other revenue$16,403$15,276$27,086$11,253$8,683
Total other revenue$7,425,961$5,075,526$3,087,987$3,027,618$2,577,215
Total revenue$8,270,415$6,218,412$3,947,864$3,990,517$3,462,914
 
Expenses20202019201820172016
Program services$4,913,578$3,966,079$2,974,659$2,779,239$2,421,914
Management and general$745,941$678,598$531,088$575,017$487,008
Fundraising$123,954$94,986$78,870$156,259$144,088
Total expenses$5,783,473$4,739,663$3,584,617$3,510,515$3,053,010
 
Change in net assets20202019201820172016
Surplus (deficit)$2,486,942$1,478,749$363,247$480,002$409,904
Other changes in net assets$0$0$0$0$0
Total change in net assets$2,486,942$1,478,749$363,247$480,002$409,904

Compensation

NameTitleCompensation
Ross WrightExecutive Director$260,476

Compensation data as of: 8/31/2020


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 1/25/2021. To update the information below, please email: info@ministrywatch.com


History

Hope & Home started with a few concerned members of a church Sunday school group who saw foster kids being treated like second-class citizens, or worse, and decided to do something about it.

Today, we've turned foster care upside down and have emerged as one of the largest, most dynamic child placement agencies (CPAs) in the state of Colorado - with hundreds of children rescued from the foster care system and happily adopted. Each year we provide short- and long-term, in-family care to hundreds of children in crisis.

At any given time, from well over 100 to 150 families across the Front Range are either providing care for foster children or are in training to become licensed with us.

Along the way, we've created a program where children in foster care are nurtured and truly cared for, and where the foster parents who give these children a home can do so with a level of friendly, professional support not found anywhere else.

Our strength comes from our Christian commitment to children, from our large and highly invested community of donors and supporters, and from our pledge to only accept first-rate foster parents who believe, as we do, that no child should ever feel less than loved.

The result? Hope & Home is recognized by numerous judges, child welfare experts and others as having the best foster parents, and as being the agency that does the best job taking care of foster children.


Program accomplishments

A proven Colorado Foster Care Agency:

2706 foster kids Hope and Home has helped place in loving families

699 families Hope and Home has certified to provide foster care.


Needs