Walter Hoving Home Inc

The information on this page was last updated 1/11/2024. If you see errors or omissions, please email: [email protected]


Summary

Hoving Home, a Christ-centered residential recovery program for women ages 17 and older, provides help in overcoming life-controlling problems, including addiction, abuse and survivors of sex trafficking. Through the careful study of God's Word and practical application of the Word, Hoving Home provides the environment for complete restoration -- teaching women to make choices that lead to a thriving, healthy and productive life as they re-enter society.


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

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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 rating465 of 111052 of 141
Fund acquisition rating654 of 111185 of 141
Resource allocation rating706 of 111176 of 141
Asset utilization rating152 of 111016 of 141

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
12%13%17%13%13%15%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
10%12%15%12%12%14%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
93%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
7%9%7%6%9%8%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
78%77%75%77%79%80%
Spending ratio Spending ratio =
Total expenses /
Total revenue
90%83%96%98%99%119%
Program output ratio Program output ratio =
Program services /
Total revenue
71%64%71%75%77%95%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
10%17%4%2%1%-19%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
6%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 ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.740.760.750.720.50
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.8610.6211.4913.8517.6115.26
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.697.838.7710.3412.737.65
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.670.961.451.620.740.62
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.071.050.690.621.351.60
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.45-0.070.420.44-0.33-0.95
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%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
157%107%102%99%100%138%

Financials

Balance sheet
 
Assets20222021202020192018
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
 
Liabilities20222021202020192018
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 assets20222021202020192018
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
 
Revenue20222021202020192018
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
 
Expenses20222021202020192018
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 assets20222021202020192018
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

NameTitleCompensation
Elizabeth GrecoPresident$146,804
Kathi JonesCFO/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 1/11/2024. 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


Needs