Hope and Home

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 rating383 of 7759 of 15
Fund acquisition rating285 of 7765 of 15
Resource allocation rating343 of 77610 of 15
Asset utilization rating534 of 77511 of 15

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
13%8%9%16%16%23%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%2%2%4%4%6%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
41%18%22%24%26%24%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%2%2%4%5%5%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
59%82%78%76%74%76%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
86%84%83%79%79%83%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%76%91%88%88%104%
Program output ratio Program output ratio =
Program services /
Total revenue
80%64%75%70%70%86%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%24%9%12%12%-4%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
5%37%15%23%28%-10%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%14%15%16%16%12%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.710.800.830.900.840.86
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.921.571.982.202.934.42
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
3.291.261.641.972.453.81
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
2.579.739.219.465.224.10
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.390.100.110.110.190.24
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
2.388.576.505.443.962.38
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
30%33%43%48%59%67%
Debt ratio Debt ratio =
Debt /
Total assets
0%26%37%42%47%55%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
43%84%69%58%49%38%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$1,842,041$808,576$534,671$490,612$77,540
Receivables, inventories, prepaids$830,573$382,551$300,529$303,864$220,202
Short-term investments$1,098,997$988,467$945,503$451,626$428,579
Other current assets$0$0$0$0$0
Total current assets$3,771,611$2,179,594$1,780,703$1,246,102$726,321
Long-term investments$0$0$0$0$0
Fixed assets$2,118,262$2,105,677$2,113,937$2,195,007$2,285,351
Other long-term assets$22,044$25,332$22,995$213,757$199,725
Total long-term assets$2,140,306$2,131,009$2,136,932$2,408,764$2,485,076
Total assets$5,911,917$4,310,603$3,917,635$3,654,866$3,211,397
 
Liabilities20192018201720162015
Payables and accrued expenses$387,749$236,675$188,190$238,678$177,083
Other current liabilities$0$0$0$0$0
Total current liabilities$387,749$236,675$188,190$238,678$177,083
Debt$1,523,542$1,590,221$1,654,289$1,715,850$1,775,000
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$22,044$25,332$22,995$213,137$196,047
Total long-term liabilities$1,545,586$1,615,553$1,677,284$1,928,987$1,971,047
Total liabilities$1,933,335$1,852,228$1,865,474$2,167,665$2,148,130
 
Net assets20192018201720162015
Unrestricted$3,615,219$2,443,341$2,038,509$1,457,469$1,057,147
Temporarily restricted$363,363$15,034$13,652$29,732$6,120
Permanently restricted$0$0$0$0$0
Net assets$3,978,582$2,458,375$2,052,161$1,487,201$1,063,267
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$1,142,886$859,877$962,899$885,699$642,741
Program service revenue$5,046,426$3,008,199$2,969,224$2,548,128$1,999,527
Membership dues$0$0$0$0$0
Investment income$13,824$52,702$47,141$20,404$2,746
Other revenue$15,276$27,086$11,253$8,683$17,058
Total other revenue$5,075,526$3,087,987$3,027,618$2,577,215$2,019,331
Total revenue$6,218,412$3,947,864$3,990,517$3,462,914$2,662,072
 
Expenses20192018201720162015
Program services$3,966,079$2,974,659$2,779,239$2,421,914$2,300,155
Management and general$678,598$531,088$575,017$487,008$322,667
Fundraising$94,986$78,870$156,259$144,088$147,584
Total expenses$4,739,663$3,584,617$3,510,515$3,053,010$2,770,406
 
Change in net assets20192018201720162015
Surplus (deficit)$1,478,749$363,247$480,002$409,904($108,334)
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,478,749$363,247$480,002$409,904($108,334)

Compensation

NameTitleCompensation
Ross WrightExecutive Director$233,457

Compensation data as of: 8/31/2019


Response from ministry

No response has been provided by this ministry.


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