Walter Hoving Home Inc

The information on this page was last updated 2/12/2022. If you see errors or omissions, please email: [email protected]


Summary

The Walter Hoving Home is a residential spiritually-based home. We are a non-profit organization serving women ages 18 and over who have been involved in drug addiction, alcoholism, prostitution and other life-controlling problems. The 6 or 12 month program is geared to rebuilding broken lives in an atmosphere of warmth, trust, support and love. The Home is funded through private donations from individuals, churches, corporations, and foundations. All gifts are tax-deductible.


Contact information

Mailing address:
Walter Hoving Home Inc
PO Box 194
40 Walter Hoving Road
Garrison, NY 10524

Website: hovinghome.org

Phone: 845-424-3674

Email: [email protected]


Organization details

EIN: 132753267

CEO/President: Beth Greco

Chairman:

Board size: 0

Founder: John and Elsie Benton

Ruling year: 1974

Tax deductible: Yes

Fiscal year end: 09/30

Member of ECFA: Yes

Member of ECFA since: 1985


Purpose

Many of us, over our lifetime, experience trauma, or tragedies, or challenges that can leave "cracks" in our lives. Over time, these cracks create pressure and pain, and we look for ways to deal with it . . . many times this can lead to unhealthy options that result in shattered lives. Hoving Home is committed to helping women heal and rebuild their shattered lives!


Mission statement

To provide a loving community devoted to rebuilding shattered lives that empowers women to fulfill their God-given purpose.


Statement of faith

Donor confidence score

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Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating485 of 103378 of 161
Fund acquisition rating695 of 1035118 of 161
Resource allocation rating706 of 1035103 of 161
Asset utilization rating95 of 103314 of 161

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
9%13%13%15%6%5%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%12%12%14%6%5%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%94%91%92%96%98%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
10%13%12%12%6%4%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%6%9%8%4%2%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%77%79%80%82%85%
Spending ratio Spending ratio =
Total expenses /
Total revenue
87%98%99%119%100%107%
Program output ratio Program output ratio =
Program services /
Total revenue
69%75%77%95%82%91%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
13%2%1%-19%0%-7%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
11%2%1%-12%0%-5%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%10%9%8%13%11%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.550.750.720.500.590.65
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.9713.8517.6115.2612.327.20
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.7410.3412.737.657.304.68
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
14.301.620.740.621.261.62
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.621.351.600.790.62
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.790.44-0.33-0.950.340.98
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%26%27%31%26%14%
Debt ratio Debt ratio =
Debt /
Total assets
2%22%20%20%20%5%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
150%99%100%138%124%133%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$167,115$65,279$7,893$141,132$451,757
Receivables, inventories, prepaids$178,173$204,760$304,797$242,665$75,430
Short-term investments$0$0$9,305$34,419$84,712
Other current assets$0$0$0$0$0
Total current assets$345,288$270,039$321,995$418,216$611,899
Long-term investments$0$0$0$0$0
Fixed assets$4,413,873$4,458,557$4,566,919$4,707,049$3,795,568
Other long-term assets$23,199$26,244$24,843$26,594$421
Total long-term assets$4,437,072$4,484,801$4,591,762$4,733,643$3,795,989
Total assets$4,782,360$4,754,840$4,913,757$5,151,859$4,407,888
 
Liabilities20202019201820172016
Payables and accrued expenses$213,052$363,241$516,794$331,930$189,978
Other current liabilities$0$0$0$0$188,014
Total current liabilities$213,052$363,241$516,794$331,930$377,992
Debt$1,035,463$941,150$984,396$1,022,917$222,618
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$10,499$0$0
Total long-term liabilities$1,035,463$941,150$994,895$1,022,917$222,618
Total liabilities$1,248,515$1,304,391$1,511,689$1,354,847$600,610
 
Net assets20202019201820172016
Without donor restrictions$3,353,837$3,180,115$2,999,984$3,419,416$2,944,249
With donor restrictions$180,008$270,334$402,084$377,596$863,029
Net assets$3,533,845$3,450,449$3,402,068$3,797,012$3,807,278
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$3,437,128$3,182,028$1,906,823$2,931,978$2,615,678
Program service revenue$231,752$318,628$185,975$122,774$129,141
Membership dues$0$0$0$0$0
Investment income$15,654$8,864($953)$812($40,834)
Other revenue($29,678)($24,600)($24,386)($11,505)($35,978)
Total other revenue$217,728$302,892$160,636$112,081$52,329
Total revenue$3,654,856$3,484,920$2,067,459$3,044,059$2,668,007
 
Expenses20202019201820172016
Program services$2,752,244$2,698,982$1,967,839$2,496,011$2,427,876
Management and general$362,738$322,942$208,169$386,105$312,808
Fundraising$456,478$414,615$286,366$172,209$120,969
Total expenses$3,571,460$3,436,539$2,462,374$3,054,325$2,861,653
 
Change in net assets20202019201820172016
Surplus (deficit)$83,396$48,381($394,915)($10,266)($193,646)
Other changes in net assets$0$0$0$0$0
Total change in net assets$83,396$48,381($394,915)($10,266)($193,646)

Compensation

NameTitleCompensation
Elizabeth GrecoPresident$113,503
Joyce RacineVice President$81,796
Kathi JonesChief Financial Officer/Secretary/Treasurer$55,562
Sylvia MarchaelVice President$52,548

Compensation data as of: 9/30/2020


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 2/12/2022. To update the information below, please email: [email protected]


History

John and Elsie Benton, lovingly known as Mom and Dad, founded the first Hoving Home in Garrison, New York in 1967. Two years before founding the Home, John and Elsie were asked by David Wilkerson to join his staff at the Teen Challenge in Brooklyn, New York. Agreeing to do so, the couple and their three children moved to Farmingdale, and John began traveling with David as the organization's Associate Director.

In September 1965, David asked John to take over the Director position at the Women's Home in New York. During this time, John and Elsie spent many nights walking the streets of New York City in search of young women who were prostituting and in need of help. As Director, John writes a book called Debs, Dolls & Dope and began looking for a place outside the city to build a new facility for their women.

In March 1967, John and Elsie attended a dinner party at the home of Sonya and Paul Dilena. Also in attendance was David and Gwen Wilkerson and Pauline and Walter Hoving. At the party, Mr. Hoving asks John about his plans for the future. In response, John expresses his desire to move the women of his program to a place outside the city. Mr. Hoving is moved by John's wish to provide a better environment for the women and tells him that he'd like to help by introducing him to someone at the Jones Foundation.

Shortly after, David and John tour a property in Garrison, New York. As they stood on the bank of a small stream running through the property, they both felt that God had meant for the 22-and-a-half-acre estate to be the site of the new Home.

In June 1967, the Benton family buys the land with the help of the Jones Foundation committing to pay $15,000 a year until the property is paid for. The Home ends up costing $175,000 in total. The Bentons move into the Home with their four staff members and the twelve women enrolled in their program. Later that year, John and Elsie rename the facility the Walter Hoving Home to honor Mr. Hoving for helping them attain the property.

Since then, the Home has helped thousands of women reclaim their lives from drug and alcohol abuse. Under the leadership of the Bentons, the Hoving Home has opened two additional facilities in Pasadena, California, Las Vegas, Nevada.

The Bentons have spent more than half their lives devoted to helping women through their darkest times. From their first venture of reaching out to women on the streets of New York, the Bentons have demonstrated a genuine love and concern for women trapped in the vicious cycle of addiction and low self-worth.

In 2016, Beth Greco assumed the role of CEO/President and ushered the Home into it's 50th year! Since then, we have opened a home in Oxford, NJ and a Women and Children program at our Garrison, NY location. We are looking forward to the future and all God has in store for the Hoving Home as we continue to reach out to women and their children.


Program accomplishments

5 locations
82% success rate


Needs