Haven of Rest Ministries, Inc. 
The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 10/25/2021. To update the information in this column, please email: info@ministrywatch.com
Summary
Haven of Rest Ministries is a 501(c)(3) non-profit, non-denominational, Christian social service organization whose purpose is to serve and glorify God through a Christ-centered outreach of love and compassion that responds to the physical, emotional and spiritual needs of disadvantaged men, women and children without regard to their race, color, creed or social standing.
Contact information
Mailing address:
Haven of Rest Ministries, Inc.
175 East Market Street
Akron, OH 44308
Website: www.havenofrest.org
Phone: (330) 535-1563
Email: hrm@havenofrest.org
Organization details
EIN: 340750345
CEO/President: Rev. Jeffrey Kaiser
Chairman: Mr. Michael R. Kura
Board size: 14
Founder: Rev. and Mrs. Charles C. Thomas
Ruling year: 1943
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: Yes
Member of ECFA since: 1987
Purpose
The purpose of Haven of Rest is to serve and glorify God through Christ-centered, life-changing programs of love and compassion that respond to the physical, emotional, and spiritual needs of disadvantaged men, women, and children without regard to their race, color, creed or social standing.
Haven of Rest's programs and services include:
- Food for the hungry
- Shelter for the homeless
- Clothing for people in need
- Residential, Christ-centered discipleship/recovery programs for men and women whose lives have been shattered by drugs, alcohol, or other addictions/challenges
- Social enterprise programs
- Case Management and assistance for homeless people who need help attaining social services
- Annual community outreach events, including a summer picnic, basketball camp for boys and girls in grades three through eight, Happy Birthday Jesus Party for neighborhood children, and distribution of hundreds of Hope Tote bags filled with personal care items to low-income and homeless persons
Mission statement
Statement of faith
As a Christian ministry, we are uncompromisingly committed to glorifying God through a Christian board and staff who adhere to the Haven of Rest Ministries statement of faith, and by presenting the Gospel and Christ-centered programming.
We believe that all people are created in God's image with inherent dignity and worth. These beliefs motivated Haven of Rest Ministries to design innovative programs and services responding to the total needs of the clients, helping them become Godly persons of integrity, responsibility, and commitment.
We are committed to a standard of excellence that honors the Lord through: competent, well-trained, caring Christian staff and Board of Trustees, the design and implementation of programs and services, clean, well-maintained facilities that are a model to the community-at-large, and sound business principles.
All aspects of Haven of Rest Ministries will be operated according to the highest moral, ethical and Christian standards. Programs and services are rendered with sensitivity, respect, and dignity by demonstrating the love of Christ to all. All funds will be raised with integrity through voluntary contributions from the private sector. We are committed to good stewardship through innovative programming, accountability, and sound fiscal management.
Donor confidence score
Transparency grade
C
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Community Development
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 831 of 1022 | 59 of 76 |
| Fund acquisition rating | | 661 of 1024 | 48 of 76 |
| Resource allocation rating | | 750 of 1024 | 52 of 76 |
| Asset utilization rating | | 686 of 1022 | 51 of 76 |
Financial ratios
| Funding ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 9% | 10% | 9% | 10% | 6% | 10% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 6% | 9% | 8% | 9% | 6% | 10% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 78% | 94% | 96% | 93% | 98% | 99% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 10% | 10% | 9% | 9% | 10% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 22% | 6% | 4% | 7% | 2% | 1% |
| Operating ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Program expense ratio Program expense ratio = Program services / Total expenses | 79% | 76% | 77% | 78% | 78% | 76% |
Spending ratio Spending ratio = Total expenses / Total revenue | 92% | 87% | 87% | 100% | 61% | 104% |
Program output ratio Program output ratio = Program services / Total revenue | 73% | 66% | 66% | 78% | 47% | 79% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 8% | 13% | 13% | 0% | 39% | -4% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 10% | 8% | 10% | 0% | 48% | -5% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 12% | 14% | 14% | 13% | 13% | 14% |
| Investing ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.81 | 0.52 | 0.61 | 0.72 | 0.70 | 1.13 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.04 | 1.86 | 2.31 | 2.77 | 2.71 | 2.61 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.73 | 0.97 | 1.41 | 1.99 | 1.91 | 2.94 |
| Liquidity ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Current ratio Current ratio = Total current assets / Total current liabilities | 11.12 | 9.35 | 6.45 | 4.80 | 5.61 | 3.28 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.08 | 0.11 | 0.16 | 0.21 | 0.18 | 0.30 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.93 | 11.04 | 7.21 | 4.78 | 5.17 | 2.84 |
| Solvency ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 12% | 6% | 7% | 8% | 7% | 12% |
Debt ratio Debt ratio = Debt / Total assets | 3% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 97% | 181% | 153% | 129% | 133% | 78% |
Financials
| Balance sheet | |||||
| Assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Cash | $3,004,275 | $1,774,469 | $725,905 | $924,736 | $365,117 |
| Receivables, inventories, prepaids | $419,968 | $856,144 | $377,830 | $344,329 | $9,298 |
| Short-term investments | $6,101,140 | $3,932,354 | $3,762,694 | $3,611,011 | $2,351,471 |
| Other current assets | $97,280 | $72,173 | $74,380 | $131,107 | $126,936 |
| Total current assets | $9,622,663 | $6,635,140 | $4,940,809 | $5,011,183 | $2,852,822 |
| Long-term investments | $1,076,999 | $926,556 | $826,732 | $790,185 | $0 |
| Fixed assets | $4,003,209 | $4,188,608 | $4,005,844 | $3,507,494 | $3,658,883 |
| Other long-term assets | $3,218,814 | $3,591,244 | $3,934,721 | $4,255,741 | $921,311 |
| Total long-term assets | $8,299,022 | $8,706,408 | $8,767,297 | $8,553,420 | $4,580,194 |
| Total assets | $17,921,685 | $15,341,548 | $13,708,106 | $13,564,603 | $7,433,016 |
| Liabilities | 2021 | 2020 | 2019 | 2018 | 2017 |
| Payables and accrued expenses | $459,883 | $396,893 | $495,824 | $366,530 | $281,870 |
| Other current liabilities | $569,573 | $631,972 | $534,446 | $527,072 | $586,877 |
| Total current liabilities | $1,029,456 | $1,028,865 | $1,030,270 | $893,602 | $868,747 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total liabilities | $1,029,456 | $1,028,865 | $1,030,270 | $893,602 | $868,747 |
| Net assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Without donor restrictions | $16,144,938 | $13,489,462 | $11,908,420 | $12,104,253 | $6,219,981 |
| With donor restrictions | $747,291 | $823,221 | $769,416 | $566,748 | $344,288 |
| Net assets | $16,892,229 | $14,312,683 | $12,677,836 | $12,671,001 | $6,564,269 |
| Revenues and expenses | |||||
| Revenue | 2021 | 2020 | 2019 | 2018 | 2017 |
| Total contributions | $10,150,366 | $10,337,888 | $9,143,140 | $15,331,809 | $7,972,306 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $341,736 | $372,199 | $543,327 | $274,940 | $111,356 |
| Other revenue | $264,151 | $69,707 | $129,796 | $54,888 | ($258) |
| Total other revenue | $605,887 | $441,906 | $673,123 | $329,828 | $111,098 |
| Total revenue | $10,756,253 | $10,779,794 | $9,816,263 | $15,661,637 | $8,083,404 |
| Expenses | 2021 | 2020 | 2019 | 2018 | 2017 |
| Program services | $7,074,550 | $7,147,146 | $7,685,339 | $7,415,385 | $6,399,935 |
| Management and general | $1,290,626 | $1,275,173 | $1,244,688 | $1,268,270 | $1,189,171 |
| Fundraising | $973,393 | $904,871 | $879,401 | $871,250 | $808,332 |
| Total expenses | $9,338,569 | $9,327,190 | $9,809,428 | $9,554,905 | $8,397,438 |
| Change in net assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Surplus (deficit) | $1,417,684 | $1,452,604 | $6,835 | $6,106,732 | ($314,034) |
| Other changes in net assets | $1,161,862 | ($240,735) | $0 | $0 | $196,492 |
| Total change in net assets | $2,579,546 | $1,211,869 | $6,835 | $6,106,732 | ($117,542) |
Compensation
Compensation data for this ministry has not been collected.
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 10/25/2021. To update the information below, please email: info@ministrywatch.com
History
Historical Highlights
1943 >>> Haven of Rest was founded on faith by Rev. Charles C. and Marjorie Ruth Thomas in a small storefront on North Howard Street.
1952 >>> Ground was broken for a new building with a clinic for those suffering from alcohol abuse on East Buchtel Avenue.
1974 >>> Construction of a modern, more functional Rescue Mission was completed.
1976 >>> Rev. Charles C. Thomas, founder, passed away and was succeeded by his son, Rev. Curtis Thomas.
1979 >>> An increase in female homelessness created the need for a separate facility to meet the needs of women and children-our Marjorie Ruth Thomas Harvest Home was opened under the direction of Eileen Thomas.
1987 >>> Homelessness continued to increase, and additions and renovations to both the Rescue Mission and Harvest Home became necessary.
1989 >>> Additions to Harvest Home were made and completed-increasing our capacity by 50%
1993 >>>Haven of Rest observed its 50th anniversary.
1995 >>> Client Services Center opened to meet the growing need for comprehensive programs for men and women.
1996 >>> Marjorie Ruth Thomas passed away at the age of 88 after 33 years helping thousands of men, women and children in need.
2003 >>> After 90 combined years of service, Rev. Thomas and his wife, Eileen, retired. Rev. Ben W. Walker was asked to succeed Rev. Thomas as Executive Director.
2009 >>> Rev. Walker announces his retirement.
2011 >>> Rev. Jeffrey A. Kaiser assumed the role of Executive Director.
Program accomplishments
Since 1943, Haven of Rest Ministries has responded to the plight of the poor and homeless in our community. Thanks to friends like you, last year we provided:
1071 individuals served with clothing per month
134,411 meals provided
39,045 nights of shelter
Needs
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There are four distinct ways you can help Haven of Rest:
- Pray daily for Haven of Rest
- Serve as a Haven of Rest volunteer
- Donate food, clothing, and other material gifts
- Support Haven of Rest financially