Hope Haven Inc

The information on this page was last updated 2/18/2022. 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: 2

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

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Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating192 of 103417 of 79
Fund acquisition rating571 of 103638 of 79
Resource allocation rating183 of 103621 of 79
Asset utilization rating230 of 103416 of 79

Financial ratios

Funding ratiosSector median20212020201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%16%22%27%17%23%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%1%1%1%1%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
79%8%6%5%9%7%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%1%1%1%2%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
21%92%94%95%91%93%
 
Operating ratiosSector median20212020201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%86%86%86%89%89%
Spending ratio Spending ratio =
Total expenses /
Total revenue
89%92%98%98%94%95%
Program output ratio Program output ratio =
Program services /
Total revenue
69%79%85%85%84%85%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
11%8%2%2%6%5%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
14%13%3%3%10%9%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%13%13%12%10%9%
 
Investing ratiosSector median20212020201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.801.301.471.531.451.44
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.131.621.721.671.691.71
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.692.102.532.562.462.47
 
Liquidity ratiosSector median20212020201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.947.116.496.435.765.11
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.140.150.160.170.20
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.254.914.023.964.043.90
 
Solvency ratiosSector median20212020201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%11%13%12%12%14%
Debt ratio Debt ratio =
Debt /
Total assets
2%2%4%3%2%3%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
102%69%60%58%60%59%

Financials

Balance sheet
 
Assets20212020201920182017
Cash$12,948,558$7,380,905$7,826,484$6,941,209$7,629,254
Receivables, inventories, prepaids$7,881,064$9,306,513$8,773,285$9,038,475$7,491,180
Short-term investments$582,641$1,070,174$1,051,561$1,022,159$357,564
Other current assets$0$0$0$0$0
Total current assets$21,412,263$17,757,592$17,651,330$17,001,843$15,477,998
Long-term investments$0$0$0$0$0
Fixed assets$12,856,098$12,540,974$11,574,009$11,579,681$10,759,821
Other long-term assets$391,666$246,721$308,936$232,636$244,107
Total long-term assets$13,247,764$12,787,695$11,882,945$11,812,317$11,003,928
Total assets$34,660,027$30,545,287$29,534,275$28,814,160$26,481,926
 
Liabilities20212020201920182017
Payables and accrued expenses$2,713,609$2,410,610$2,488,925$2,750,568$2,696,382
Other current liabilities$296,745$325,057$256,843$200,965$333,235
Total current liabilities$3,010,354$2,735,667$2,745,768$2,951,533$3,029,617
Debt$815,634$1,093,617$741,888$645,145$689,013
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$815,634$1,093,617$741,888$645,145$689,013
Total liabilities$3,825,988$3,829,284$3,487,656$3,596,678$3,718,630
 
Net assets20212020201920182017
Without donor restrictions$30,667,435$26,455,905$25,929,219$25,102,730$22,391,829
With donor restrictions$166,604$260,098$117,400$114,752$371,467
Net assets$30,834,039$26,716,003$26,046,619$25,217,482$22,763,296
 
Revenues and expenses
 
Revenue20212020201920182017
Total contributions$3,917,152$2,672,821$2,440,035$3,768,580$2,650,601
Program service revenue$43,895,045$42,053,940$42,298,110$39,034,229$36,746,845
Membership dues$0$0$0$0$0
Investment income$423,552$134,383$383,586$490,571$22,523
Other revenue$764,317$709,345$935,071$925,285$922,428
Total other revenue$45,082,914$42,897,668$43,616,767$40,450,085$37,691,796
Total revenue$49,000,066$45,570,489$46,056,802$44,218,665$40,342,397
 
Expenses20212020201920182017
Program services$38,493,021$38,648,819$39,076,075$37,009,141$34,135,783
Management and general$5,885,436$5,637,754$5,493,845$4,114,175$3,521,167
Fundraising$618,728$590,925$651,950$643,122$602,112
Total expenses$44,997,185$44,877,498$45,221,870$41,766,438$38,259,062
 
Change in net assets20212020201920182017
Surplus (deficit)$4,002,881$692,991$834,932$2,452,227$2,083,335
Other changes in net assets$0$0$0$0$0
Total change in net assets$4,002,881$692,991$834,932$2,452,227$2,083,335

Compensation

NameTitleCompensation
Matt BuleyCEO$250,412
Loy Van't HulKey Employee$159,953
Terry MeyerCFO$128,202
David van NingenFormer Direc$15,000

Compensation data as of: 6/30/2021


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 2/18/2022. 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.


Program accomplishments

Over 50 years ago, Hope Haven opened its doors as a school for children with disabilities in Rock Valley, Iowa. Currently, services are available in over 15 communities in the Midwest, and we've delivered 130,000+ wheelchairs to those in need around the globe.


Needs