Hope of the Valley Rescue Mission

The information on this page was last updated 5/9/2023. If you see errors or omissions, please email: [email protected]


Summary

We believe that everybody and everything deserves a second chance. As a faith-based compassion ministry, we focus on the spiritual, emotional, physical, relational, occupational and financial needs of our clients. Our two-pronged approach starts with crisis intervention then bridges clients, when they are ready, into long-term services that address chronic obstacles.


Contact information

Mailing address:
Hope of the Valley Rescue Mission
PO Box 7609
Mission Hills, CA 91346

Website: hopeofthevalley.org

Phone: 818-392-0020

Email: [email protected]


Organization details

EIN: 272053273

CEO/President: Ken Craft

Chairman: Theresa Jackson

Board size: 13

Founder:

Ruling year: 2010

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: No

Member of ECFA since:


Purpose

Our vision is that no one goes without...

Hope- A message of love, support and freedom for a better tomorrow.

Hot Meals- Food distribution to the hungry.

Housing- Emergency/transitional shelter to the situational and chronically homeless.

Health Services- Resources for basic human needs.

Healing - Proven programs that lead to wholeness and self-sufficiency.


Mission statement

Our mission is to prevent, reduce and eliminate poverty, hunger and homelessness. We do this by offering immediate assistance and long-term solutions. We are a faith-based independent 501(c)(3) nonprofit organization that does not discriminate based on gender, age, ethnicity, sexual orientation, religious affiliation or lack thereof. Our services are grounded in a deep respect for the dignity inherent in each human being.


Statement of faith

Donor confidence score

Show donor confidence score details

Transparency grade

D

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating126 of 111313 of 141
Fund acquisition rating204 of 111412 of 141
Resource allocation rating79 of 11149 of 141
Asset utilization rating547 of 111367 of 141

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
12%4%4%6%15%23%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
10%4%3%4%10%9%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
93%88%82%80%66%38%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
11%4%4%5%10%9%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
7%12%18%20%34%62%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
78%91%92%87%80%78%
Spending ratio Spending ratio =
Total expenses /
Total revenue
90%82%77%87%98%97%
Program output ratio Program output ratio =
Program services /
Total revenue
71%74%71%75%79%76%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
10%18%23%13%2%3%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
6%44%69%72%19%29%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%5%3%8%10%13%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.490.881.322.642.74
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.861.641.961.701.531.48
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.690.801.722.254.054.05
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.671.261.681.302.412.62
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.790.600.770.410.38
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.453.102.811.241.741.83
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%76%61%72%73%73%
Debt ratio Debt ratio =
Debt /
Total assets
0%21%29%24%37%43%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
157%50%44%21%10%10%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$35,784,730$7,053,474$944,178$750,147$686,872
Receivables, inventories, prepaids$15,086,080$7,449,145$4,924,856$1,119,090$836,834
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$50,870,810$14,502,619$5,869,034$1,869,237$1,523,706
Long-term investments$0$0$0$0$0
Fixed assets$32,032,786$13,961,245$4,094,304$991,043$728,740
Other long-term assets$333,931$0$0$0$0
Total long-term assets$32,366,717$13,961,245$4,094,304$991,043$728,740
Total assets$83,237,527$28,463,864$9,963,338$2,860,280$2,252,446
 
Liabilities20222021202020192018
Payables and accrued expenses$6,539,711$8,656,204$4,506,790$710,226$516,326
Other current liabilities$33,806,009$0$0$64,723$64,723
Total current liabilities$40,345,720$8,656,204$4,506,790$774,949$581,049
Debt$17,461,625$8,259,107$2,343,241$1,046,838$974,369
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$5,054,116$575,008$351,767$276,239$83,239
Total long-term liabilities$22,515,741$8,834,115$2,695,008$1,323,077$1,057,608
Total liabilities$62,861,461$17,490,319$7,201,798$2,098,026$1,638,657
 
Net assets20222021202020192018
Without donor restrictions$20,376,066$10,641,045$2,587,062$624,754$573,789
With donor restrictions$0$332,500$174,478$137,500$40,000
Net assets$20,376,066$10,973,545$2,761,540$762,254$613,789
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$43,744,274$26,752,325$12,214,497$5,125,620$2,410,462
Program service revenue$6,081,913$5,265,216$2,910,989$2,708,368$3,941,113
Membership dues$0$0$0$0$0
Investment income$5,796$0$0$0$0
Other revenue($101,814)$505,605$70,805($123,423)$3,937
Total other revenue$5,985,895$5,770,821$2,981,794$2,584,945$3,945,050
Total revenue$49,730,169$32,523,146$15,196,291$7,710,565$6,355,512
 
Expenses20222021202020192018
Program services$36,928,352$23,089,549$11,436,554$6,068,174$4,821,075
Management and general$1,986,580$809,844$1,077,181$736,535$803,214
Fundraising$1,773,724$1,100,784$683,270$757,391$550,482
Total expenses$40,688,656$25,000,177$13,197,005$7,562,100$6,174,771
 
Change in net assets20222021202020192018
Surplus (deficit)$9,041,513$7,522,969$1,999,286$148,465$180,741
Other changes in net assets$0$0$0$0$0
Total change in net assets$9,041,513$7,522,969$1,999,286$148,465$180,741

Compensation

NameTitleCompensation
Stephen MorseCOO$173,692
Rowan VanslevePresident and CFO$165,761
Ken CraftCEO$163,332
Laurie CraftCpo$151,299
Tisha ShoemakeSr. Director of Finance & Accounting$122,067

Compensation data as of: 12/31/2022


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 5/9/2023. To update the information below, please email: [email protected]


History

Founded in 2009, Hope of the Valley Rescue Mission began as a small ministry run out of San Pablo Lutheran Church in Sun Valley where volunteers cooked and served hot meals to homeless men, women and children.

2010 - Moved to a 26,000 sf facility in Sun Valley and began providing showers, life-skills classes and case management.

2011 - Opened John E. White House of Hope recovery program for men in Arleta.

2012 - Opened Genesis House, a 30-bed facility in Pacoima for homeless families. Opened our first social enterprise Thrift Store in Granada Hills.

2013 - Opened the BRIDGE, a 17-bed transitional housing facility for men in Canoga Park.

2014 - Took over operation of the Los Angeles Homeless Services Authority's Cold Weather Shelters in Pacoima and Sylmar with a total of 290 beds. Opened our second social enterprise Thrift Store in Santa Clarita.

2015 - Relocated our homeless services to Van Nuys, expanded services and named the program the HELP Center.

2016 - Opened a 30-bed Recuperative Care Center in Mission Hills. Opened our third social enterprise Thrift Store in Simi Valley.

2017 - Transferred the Recuperative Care Center to Harbor Recuperative Care.

2018 - Converted the BRIDGE program to a 38-bed shelter for youth ages 18-24 in Burbank called The Landing. Opened Shepherd's House, a 48-bed crisis housing program in the West San Fernando Valley for homeless families with children. Opened (2) 50-Bed Cold Weather Shelters in Antelope Valley.

2019 - Opened a 48-bed crisis housing facility for homeless moms and kids called Casa de Vida located in the West Valley. Opened a Safe Parking shelter in Palmdale for 30 cars. Launched a weekly Motel Meal Program to address hunger issues of the more than 400 homeless families living in motels in the Valley.

2020 - Opened an 85-bed NoHo Bridge Housing residential facility in North Hollywood. Opened the NoHo Navigation Center in North Hollywood where clients can take showers, store belongings and access case managers and housing navigation. Opened the 100-bed Van Nuys Bridge Housing residential facility in Van Nuys. Opened a Work Ready/Day Labor facility in North Hollywood. Opened 4 Tiny Home Villages: Alexandria Park & Chandler Blvd in North Hollywood and Tarzana and Reseda Tiny Home Villages increasing the number of beds by over 633. Broke ground on the New Trebek Center: A 107 Bed Bridge Housing Center in Northridge.


Program accomplishments

ANNUALLY, WE PROVIDE: 1,642,500 nutritional meals, 2,640 medical and mental health referrals, 547,500 nights of safe shelter, 423,750 showers


Needs