Walter Hoving Home Inc 
The information on this page was last updated 12/30/2022. 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: Michael Mulcahy
Board size: 7
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
Our program is geared to rebuilding the lives of women in an atmosphere of warmth, trust, support and love. We teach them a new way to live with a biblical foundation. They deal with the issues in their lives such as anger, bitterness, low self-esteem that has caused them to live destructive lifestyles. Another component is the Career Readiness program where we help them establish a healthy work ethic and prepare them for the employment.
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
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Rescue Missions/Homeless Shelters
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 500 of 1097 | 51 of 145 |
| Fund acquisition rating | | 682 of 1099 | 92 of 145 |
| Resource allocation rating | | 709 of 1099 | 79 of 145 |
| Asset utilization rating | | 165 of 1097 | 16 of 145 |
Financial ratios
| Funding ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 11% | 13% | 17% | 13% | 13% | 15% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 9% | 12% | 15% | 12% | 12% | 14% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 92% | 91% | 93% | 94% | 91% | 92% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 11% | 14% | 16% | 13% | 12% | 12% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 8% | 9% | 7% | 6% | 9% | 8% |
| Operating ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Program expense ratio Program expense ratio = Program services / Total expenses | 79% | 77% | 75% | 77% | 79% | 80% |
Spending ratio Spending ratio = Total expenses / Total revenue | 87% | 83% | 96% | 98% | 99% | 119% |
Program output ratio Program output ratio = Program services / Total revenue | 69% | 64% | 71% | 75% | 77% | 95% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 13% | 17% | 4% | 2% | 1% | -19% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 8% | 19% | 5% | 2% | 1% | -12% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 9% | 9% | 9% | 10% | 9% | 8% |
| Investing ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.52 | 0.74 | 0.76 | 0.75 | 0.72 | 0.50 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.67 | 10.62 | 11.49 | 13.85 | 17.61 | 15.26 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.64 | 7.83 | 8.77 | 10.34 | 12.73 | 7.65 |
| Liquidity ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 14.49 | 0.96 | 1.45 | 1.62 | 0.74 | 0.62 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 1.05 | 0.69 | 0.62 | 1.35 | 1.60 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.47 | -0.07 | 0.42 | 0.44 | -0.33 | -0.95 |
| Solvency ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 7% | 21% | 22% | 26% | 27% | 31% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 12% | 16% | 22% | 20% | 20% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 163% | 107% | 102% | 99% | 100% | 138% |
Financials
| Balance sheet | |||||
| Assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Cash | $153,994 | $257,356 | $167,115 | $65,279 | $7,893 |
| Receivables, inventories, prepaids | $396,715 | $156,801 | $178,173 | $204,760 | $304,797 |
| Short-term investments | $0 | $0 | $0 | $0 | $9,305 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $550,709 | $414,157 | $345,288 | $270,039 | $321,995 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $4,947,974 | $4,326,384 | $4,413,873 | $4,458,557 | $4,566,919 |
| Other long-term assets | $350,791 | $20,154 | $23,199 | $26,244 | $24,843 |
| Total long-term assets | $5,298,765 | $4,346,538 | $4,437,072 | $4,484,801 | $4,591,762 |
| Total assets | $5,849,474 | $4,760,695 | $4,782,360 | $4,754,840 | $4,913,757 |
| Liabilities | 2022 | 2021 | 2020 | 2019 | 2018 |
| Payables and accrued expenses | $540,581 | $285,741 | $213,052 | $363,241 | $516,794 |
| Other current liabilities | $35,925 | $0 | $0 | $0 | $0 |
| Total current liabilities | $576,506 | $285,741 | $213,052 | $363,241 | $516,794 |
| Debt | $674,300 | $745,524 | $1,035,463 | $941,150 | $984,396 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $14,914 | $0 | $0 | $10,499 |
| Total long-term liabilities | $674,300 | $760,438 | $1,035,463 | $941,150 | $994,895 |
| Total liabilities | $1,250,806 | $1,046,179 | $1,248,515 | $1,304,391 | $1,511,689 |
| Net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Without donor restrictions | $4,363,781 | $3,491,011 | $3,353,837 | $3,180,115 | $2,999,984 |
| With donor restrictions | $234,887 | $223,505 | $180,008 | $270,334 | $402,084 |
| Net assets | $4,598,668 | $3,714,516 | $3,533,845 | $3,450,449 | $3,402,068 |
| Revenues and expenses | |||||
| Revenue | 2022 | 2021 | 2020 | 2019 | 2018 |
| Total contributions | $4,736,002 | $3,523,954 | $3,437,128 | $3,182,028 | $1,906,823 |
| Program service revenue | $236,200 | $278,371 | $231,752 | $318,628 | $185,975 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | ($24,958) | $203 | $15,654 | $8,864 | ($953) |
| Other revenue | $249,509 | ($375) | ($29,678) | ($24,600) | ($24,386) |
| Total other revenue | $460,751 | $278,199 | $217,728 | $302,892 | $160,636 |
| Total revenue | $5,196,753 | $3,802,153 | $3,654,856 | $3,484,920 | $2,067,459 |
| Expenses | 2022 | 2021 | 2020 | 2019 | 2018 |
| Program services | $3,319,289 | $2,713,818 | $2,752,244 | $2,698,982 | $1,967,839 |
| Management and general | $379,260 | $336,491 | $362,738 | $322,942 | $208,169 |
| Fundraising | $614,052 | $583,173 | $456,478 | $414,615 | $286,366 |
| Total expenses | $4,312,601 | $3,633,482 | $3,571,460 | $3,436,539 | $2,462,374 |
| Change in net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Surplus (deficit) | $884,152 | $168,671 | $83,396 | $48,381 | ($394,915) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $884,152 | $168,671 | $83,396 | $48,381 | ($394,915) |
Compensation
| Name | Title | Compensation |
| Elizabeth Greco | President | $146,804 |
| Kathi Jones | CFO/Secretary/Treasurer | $94,460 |
Compensation data as of: 9/30/2022
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 12/30/2022. 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
25,265 women impacted
5 homes across the country
82% success rate