Hope Haven Inc 
The information on this page was last updated 1/31/2024. If you see errors or omissions, please email: [email protected]
Summary
Hope Haven is an accredited resource for disability services and advocacy. We offer service programs and support to meet a broad range of needs for children, adults, and families - from physical, mental, and intellectual to residential, vocational, and spiritual.
Our passion to make a positive, lasting impact on the lives of those we serve is evident in all that we do. Our programs are present in communities around the Midwest, and our international outreach extends to 109 countries. Keep reading for descriptions of our available service programs.
Community Living - Providing a variety of residential services and supports to enable individuals to participate in the community with the highest possible degree of personal autonomy.
Employment Services - Partnering with individuals to develop work skills and behaviors needed to join the workforce and become a part of the community.
Mental Health & Recovery - Establishing stability and hope for individuals with diverse behavioral and mental health needs.
Day Habilitation - Engaging participants in developing or maintaining life skills and community integration through meaningful and educational social activities.
Spiritual Support - Encouraging the pursuit of spiritual development through church integration, Bible study, prayer, and retreats.
International Ministries - Since 1994, Hope Haven has been manufacturing and distributing wheelchairs to children and adults worldwide.
Contact information
Mailing address:
Hope Haven
1800 19th Street
PO Box 70
Rock Valley, IA 51247
Website: hopehaven.org
Phone: 712-476-2737
Email: [email protected]
Organization details
EIN: 420890017
CEO/President: Matt Buley
Chairman: Ron Boote
Board size: 10
Founder:
Ruling year: 1967
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: Yes
Member of ECFA since: 1997
Purpose
Hope Haven is community committed to the special creation of God that is the human being; encouraging the realization of dreams, desires, and aspirations; valuing gifts, talents, and contributions; sharing accountability for individual and community growth.
Mission statement
As followers of Christ, we unleash potential in people through work and life skills so that they may enjoy a productive life in their community.
Statement of faith
Donor confidence score
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Community Development
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 464 of 1117 | 35 of 108 |
| Fund acquisition rating | | 660 of 1118 | 53 of 108 |
| Resource allocation rating | | 380 of 1118 | 35 of 108 |
| Asset utilization rating | | 465 of 1117 | 42 of 108 |
According to the organization's Form 990, it received $1,473,107 in government grants in 2024.
Financial ratios
| Funding ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 8% | 18% | 15% | 17% | 16% | 22% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 5% | 2% | 2% | 1% | 1% | 1% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 90% | 10% | 10% | 8% | 8% | 6% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 5% | 2% | 2% | 1% | 1% | 1% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 10% | 90% | 90% | 92% | 92% | 94% |
| Operating ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Program expense ratio Program expense ratio = Program services / Total expenses | 83% | 87% | 86% | 85% | 86% | 86% |
Spending ratio Spending ratio = Total expenses / Total revenue | 99% | 97% | 95% | 94% | 92% | 98% |
Program output ratio Program output ratio = Program services / Total revenue | 83% | 84% | 82% | 80% | 79% | 85% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 1% | 3% | 5% | 6% | 8% | 2% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 1% | 4% | 7% | 9% | 13% | 3% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 11% | 11% | 13% | 14% | 13% | 13% |
| Investing ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.94 | 1.14 | 1.23 | 1.28 | 1.30 | 1.47 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.91 | 1.88 | 1.85 | 1.57 | 1.62 | 1.72 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.15 | 2.14 | 2.27 | 2.02 | 2.10 | 2.53 |
| Liquidity ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Current ratio Current ratio = Total current assets / Total current liabilities | 12.04 | 6.22 | 5.38 | 5.92 | 7.11 | 6.49 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.16 | 0.19 | 0.17 | 0.14 | 0.15 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.06 | 4.71 | 4.31 | 4.95 | 4.91 | 4.02 |
| Solvency ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 11% | 10% | 11% | 11% | 11% | 13% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 2% | 4% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 83% | 80% | 73% | 69% | 69% | 60% |
Financials
| Balance sheet | |||||
| Assets | 2024 | 2023 | 2022 | 2021 | 2020 |
| Cash | $10,276,099 | $11,222,161 | $13,472,947 | $12,948,558 | $7,380,905 |
| Receivables, inventories, prepaids | $11,175,359 | $10,079,574 | $10,062,724 | $7,881,064 | $9,306,513 |
| Short-term investments | $625,357 | $535,825 | $413,436 | $582,641 | $1,070,174 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $22,076,815 | $21,837,560 | $23,949,107 | $21,412,263 | $17,757,592 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $19,149,291 | $18,289,315 | $13,581,544 | $12,856,098 | $12,540,974 |
| Other long-term assets | $271,598 | $257,936 | $156,343 | $391,666 | $246,721 |
| Total long-term assets | $19,420,889 | $18,547,251 | $13,737,887 | $13,247,764 | $12,787,695 |
| Total assets | $41,497,704 | $40,384,811 | $37,686,994 | $34,660,027 | $30,545,287 |
| Liabilities | 2024 | 2023 | 2022 | 2021 | 2020 |
| Payables and accrued expenses | $3,458,581 | $2,968,696 | $3,025,762 | $2,713,609 | $2,410,610 |
| Other current liabilities | $90,560 | $1,093,960 | $1,020,502 | $296,745 | $325,057 |
| Total current liabilities | $3,549,141 | $4,062,656 | $4,046,264 | $3,010,354 | $2,735,667 |
| Debt | $129,775 | $142,409 | $154,251 | $815,634 | $1,093,617 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $288,205 | $271,437 | $0 | $0 | $0 |
| Total long-term liabilities | $417,980 | $413,846 | $154,251 | $815,634 | $1,093,617 |
| Total liabilities | $3,967,121 | $4,476,502 | $4,200,515 | $3,825,988 | $3,829,284 |
| Net assets | 2024 | 2023 | 2022 | 2021 | 2020 |
| Without donor restrictions | $37,155,818 | $35,802,679 | $32,718,693 | $30,667,435 | $26,455,905 |
| With donor restrictions | $374,765 | $105,630 | $767,786 | $166,604 | $260,098 |
| Net assets | $37,530,583 | $35,908,309 | $33,486,479 | $30,834,039 | $26,716,003 |
| Revenues and expenses | |||||
| Revenue | 2024 | 2023 | 2022 | 2021 | 2020 |
| Total contributions | $4,665,753 | $5,214,049 | $4,317,242 | $3,917,152 | $2,672,821 |
| Program service revenue | $43,143,192 | $45,448,709 | $45,789,917 | $43,895,045 | $42,053,940 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | ($343,159) | $207,124 | $314,077 | $423,552 | $134,383 |
| Other revenue | $1,231,189 | $982,749 | $754,772 | $764,317 | $709,345 |
| Total other revenue | $44,031,222 | $46,638,582 | $46,858,766 | $45,082,914 | $42,897,668 |
| Total revenue | $48,696,975 | $51,852,631 | $51,176,008 | $49,000,066 | $45,570,489 |
| Expenses | 2024 | 2023 | 2022 | 2021 | 2020 |
| Program services | $40,990,450 | $42,476,412 | $40,970,792 | $38,493,021 | $38,648,819 |
| Management and general | $5,318,398 | $6,217,327 | $6,575,236 | $5,885,436 | $5,637,754 |
| Fundraising | $847,374 | $790,120 | $714,142 | $618,728 | $590,925 |
| Total expenses | $47,156,222 | $49,483,859 | $48,260,170 | $44,997,185 | $44,877,498 |
| Change in net assets | 2024 | 2023 | 2022 | 2021 | 2020 |
| Surplus (deficit) | $1,540,753 | $2,368,772 | $2,915,838 | $4,002,881 | $692,991 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $1,540,753 | $2,368,772 | $2,915,838 | $4,002,881 | $692,991 |
Compensation
| Name | Title | Compensation |
| Matt Buley | CEO | $300,627 |
| Loy Van't Hul | Director of Manufacturing | $204,983 |
| Terry Meyer | CFO | $183,920 |
| Lisa Schwanke | Chief of Staff | $180,912 |
| Cynthia Dagel | Direct Support Professional | $179,885 |
| Austin Vandevegte | Operations Manager | $146,843 |
| Lola Wedebrand | Direct Support Professional | $145,324 |
| Amy Johnson | Direct Support Professional | $144,958 |
Compensation data as of: 6/30/2024
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 1/31/2024. To update the information below, please email: [email protected]
History
Years before Hope Haven became a reality, it started as the dream of four Midwestern forefathers - and it all began over a cup of coffee.
This group envisioned a future full of possibilities for children in their community with disabilities, and were determined to bring their ideas to life. After years of dedication and a series of uphill battles, Hope Haven opened its doors to eleven children in 1964.
From our beginnings in Northwest Iowa, we've grown and adapted - expanding in both services and scope. Today, we're present in counties in Iowa and Minnesota, and our International Ministries impacts the lives of people in 109 countries.
We continue to develop and refine programs to accommodate ongoing needs, and remain committed to empowering others to recognize, appreciate and share their talents.
1959 - The concept for Hope Haven emerges in Rock Valley, Iowa.
1964 - Hope Haven is established, serving 11 children with three staff members.
1968 - Work Training Center opens, offering real work opportunities and training for adults with disabilities.
1983 - First three residential sites are built.
1988 - Mental Health & Recovery services are established.
1994 - International Ministries begins, providing mobility through worldwide wheelchair distributions.
1998 - The Work Training Center becomes Double HH Manufacturing.
2001 - The KidChair Wheelchair is introduced and begins distribution around the world.
2010 - Employment services expand into Worthington, MN through the acquisition of The Achievement Center (TAC).
2014 - Expansion into Spirit Lake and Estherville regions through the acquisition of Echo Plus.
2015 - Partnership with Sunshine Services begins in Spencer, IA.
2018 - Faith, Hope & Charity of Storm Lake, IA becomes a division of Hope Haven.
2021 - Hope Haven receives 16th consecutive Three-Year Accreditation from the international accrediting body, CARF (Commission on Accreditation of Rehabilitation Facilities).
Program accomplishments
50+ community living homes
130,000+ wheelchairs delivered
1,525,000+ community service hours
15+ communities served333