Hope Ministries

The information on this page was last updated 1/22/2024. If you see errors or omissions, please email: [email protected]


Summary

Hope Ministries has been serving people in need in central Iowa since 1915. We provide food, clothing, shelter and life recovery programs for men, women and children out of seven ministry centers around Des Moines.


Contact information

Mailing address:
Hope Ministries
PO Box 862
Des Moines, IA 50304-0862

Website: www.hopeiowa.org

Phone: (515) 265-7272

Email: [email protected]


Organization details

EIN: 421512992

CEO/President: Leon Negen

Chairman: Jennifer Canelos

Board size: 10

Founder:

Ruling year: 2001

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 1997


Purpose

Every day hurting people in Central Iowa are without safe, stable housing. Many don't know how they'll get their next meal. Abuse, addiction, incarceration and other painful circumstances have shattered their confidence and independence. We are here to help.

Our rescue services offer safe shelter, nutritious meals, free clothing and more, and our long-term life recovery programs are meant to break the cycles of homelessness, abuse, addiction, incarceration and chronic poverty. Every day we're meeting the spiritual, physical and emotional needs of men, women and children!


Mission statement

To rescue those who are homeless, hungry, abused or addicted, providing opportunities for hope, recovery and restoration through the love of Jesus Christ.


Statement of faith

We believe that there is one God, eternally existing in three persons: Father, Son, and Holy Spirit.

We believe in the deity of Jesus Christ, in His virgin birth, in His sinless life, in His miracles, in His vicarious and atoning death through His shed blood, in His bodily resurrection, in His ascension to the right hand of the Father and in His future return in power and glory.

We believe that the Holy Spirit personally indwells all believers, bearing witness to their relationship with God; and imparts spiritual enlightenment, conviction of sin, and divine power for witnessing and service.

We believe the Bible, as contained in the Old and New Testaments, is the inspired written Word of God. As such it is infallible and authoritative in all moral and spiritual teaching.

We believe in the bodily resurrection of the saved to eternal blessedness and joy, and of the lost to judgment and eternal conscious punishment.

Our desire is that all people will place their trust in Jesus Christ. We believe it is essential for all people to believe in Jesus as their Savior and receive Him as their Lord by the regeneration of the Holy Spirit.

We believe that God alone holds the power to set us free from the bondage of sin, addictions, and compulsions that destroy the quality of life that God intends for us to live.

We believe in the spiritual unity of believers in Christ and that we should speak with a united voice for the welfare of the community.

Donor confidence score

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating1042 of 1107103 of 114
Fund acquisition rating1002 of 110893 of 114
Resource allocation rating780 of 110880 of 114
Asset utilization rating969 of 110795 of 114

Financial ratios

Funding ratiosSector median20242023202220212020
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%15%13%11%10%11%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%13%11%10%9%10%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%84%87%89%90%91%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
7%14%12%13%14%13%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%16%13%11%10%9%
 
Operating ratiosSector median20242023202220212020
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%78%80%80%79%79%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%94%90%75%66%77%
Program output ratio Program output ratio =
Program services /
Total revenue
82%73%72%60%52%61%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%6%10%25%34%23%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
1%3%6%16%23%18%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%8%7%7%7%8%
 
Investing ratiosSector median20242023202220212020
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.930.420.430.430.390.53
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.802.491.701.601.762.03
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.091.030.740.690.691.09
 
Liquidity ratiosSector median20242023202220212020
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.5611.0818.5446.4143.3428.90
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.090.050.020.020.03
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.5310.5515.4416.9416.9510.67
 
Solvency ratiosSector median20242023202220212020
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
11%12%11%10%12%14%
Debt ratio Debt ratio =
Debt /
Total assets
0%8%8%9%10%12%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
84%212%206%208%225%162%

Financials

Balance sheet
 
Assets20242023202220212020
Cash$8,534,774$14,111,448$13,893,595$9,100,725$5,697,610
Receivables, inventories, prepaids$998,520$1,504,995$1,737,605$1,681,071$301,231
Short-term investments$5,174,172$4,780,114$4,360,056$5,449,397$4,415,336
Other current assets$0$0$0$0$0
Total current assets$14,707,466$20,396,557$19,991,256$16,231,193$10,414,177
Long-term investments$0$0$0$0$0
Fixed assets$19,969,245$12,622,687$10,383,734$10,450,991$9,004,771
Other long-term assets$1,948,997$1,724,967$1,674,687$1,834,601$1,771,033
Total long-term assets$21,918,242$14,347,654$12,058,421$12,285,592$10,775,804
Total assets$36,625,708$34,744,211$32,049,677$28,516,785$21,189,981
 
Liabilities20242023202220212020
Payables and accrued expenses$1,327,473$1,099,866$430,723$374,495$360,301
Other current liabilities$0$0$0$0$0
Total current liabilities$1,327,473$1,099,866$430,723$374,495$360,301
Debt$2,941,642$2,640,109$2,782,600$2,924,820$2,548,285
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$80,405$116,651$0$0$0
Total long-term liabilities$3,022,047$2,756,760$2,782,600$2,924,820$2,548,285
Total liabilities$4,349,520$3,856,626$3,213,323$3,299,315$2,908,586
 
Net assets20242023202220212020
Without donor restrictions$30,008,699$24,880,497$21,296,138$21,258,969$15,901,100
With donor restrictions$2,267,489$6,007,088$7,540,216$3,958,501$2,380,295
Net assets$32,276,188$30,887,585$28,836,354$25,217,470$18,281,395
 
Revenues and expenses
 
Revenue20242023202220212020
Total contributions$13,686,262$14,611,000$16,375,819$15,354,936$13,277,410
Program service revenue$1,480,492$1,575,611$1,472,418$1,239,080$996,801
Membership dues$0$0$0$0$0
Investment income$761,816$259,393$360,201$277,899$179,485
Other revenue$285,531$279,093$250,482$214,679$207,435
Total other revenue$2,527,839$2,114,097$2,083,101$1,731,658$1,383,721
Total revenue$16,214,101$16,725,097$18,458,920$17,086,594$14,661,131
 
Expenses20242023202220212020
Program services$11,847,157$12,074,768$11,083,167$8,834,452$8,988,366
Management and general$1,256,689$1,081,777$969,221$794,610$880,711
Fundraising$2,118,321$1,845,186$1,806,254$1,596,023$1,439,049
Total expenses$15,222,167$15,001,731$13,858,642$11,225,085$11,308,126
 
Change in net assets20242023202220212020
Surplus (deficit)$991,934$1,723,366$4,600,278$5,861,509$3,353,005
Other changes in net assets$0$0$0$0$0
Total change in net assets$991,934$1,723,366$4,600,278$5,861,509$3,353,005

Compensation

NameTitleCompensation
Leon NegenChief Executive Officer$379,534
Kathy CoadyChief Development Officer$147,771
Cole LindholmPresident$145,488
Keith IsleyChief Operating Officer$120,578

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 1/22/2024. To update the information below, please email: [email protected]


History

1915: Bethel Mission opens

1969: Door of Faith opens

1999: Leaders of both organizations begin talking about joining forces

2000: Bethel Mission and Door of Faith merge to become Hope Ministries

2003: Newly constructed Door of Faith opens on SW 9th Street

2004: Hope Center for Women and Children opens

2005: Construction of Hope Cafe community meal site

2013-14: Thrift store is renamed ENCORE Thrift Store and relocates to Merle Hay Road; second location opens on Army Post Road

2015: Hope Ministries celebrates 100th anniversary

2019: Bethel Mission renovation begins, expanding shelter dorm from 80 beds to 110

2020: Purchase of property at 3800 E. Douglas, with a vision of expanding services to women and children

2021: Thrift ministry is renamed Hope Ministries Thrift with new logo


Program accomplishments

Statistics from Fiscal Year 2021:

127,425 meals served - We serve three meals to hundreds of hungry people each day.

54,858 nights of shelter - We provide free and safe shelter for men, women and children who are homeless and hurting.

310 life recovery participants - Through classes, counseling, work skills training and more, our free life recovery programs offer lasting transformation.


Needs

Hope Ministries is 100% privately funded. We do not receive any government funding that could compromise our Christ-centered mission. This requires thousands of financial partners annually. Your contributions truly give hope and change lives... and we're so grateful.