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
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 | | 974 of 1118 | 100 of 122 |
| Fund acquisition rating | | 960 of 1119 | 94 of 122 |
| Resource allocation rating | | 665 of 1119 | 73 of 122 |
| Asset utilization rating | | 866 of 1118 | 92 of 122 |
Financial ratios
| Funding ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 8% | 13% | 11% | 10% | 11% | 13% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 5% | 11% | 10% | 9% | 10% | 11% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 93% | 87% | 89% | 90% | 91% | 88% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 12% | 13% | 14% | 13% | 12% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 7% | 13% | 11% | 10% | 9% | 12% |
| Operating ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Program expense ratio Program expense ratio = Program services / Total expenses | 82% | 80% | 80% | 79% | 79% | 82% |
Spending ratio Spending ratio = Total expenses / Total revenue | 98% | 90% | 75% | 66% | 77% | 98% |
Program output ratio Program output ratio = Program services / Total revenue | 81% | 72% | 60% | 52% | 61% | 81% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 2% | 10% | 25% | 34% | 23% | 2% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 2% | 6% | 16% | 23% | 18% | 2% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 11% | 7% | 7% | 7% | 8% | 6% |
| Investing ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.88 | 0.43 | 0.43 | 0.39 | 0.53 | 0.78 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.76 | 1.70 | 1.60 | 1.76 | 2.03 | 1.91 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.77 | 0.74 | 0.69 | 0.69 | 1.09 | 1.49 |
| Liquidity ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Current ratio Current ratio = Total current assets / Total current liabilities | 15.15 | 18.54 | 46.41 | 43.34 | 28.90 | 33.36 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.05 | 0.02 | 0.02 | 0.03 | 0.03 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.99 | 15.44 | 16.94 | 16.95 | 10.67 | 7.82 |
| Solvency ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 10% | 11% | 10% | 12% | 14% | 8% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 8% | 9% | 10% | 12% | 7% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 98% | 206% | 208% | 225% | 162% | 118% |
Financials
| Balance sheet | |||||
| Assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Cash | $14,111,448 | $13,893,595 | $9,100,725 | $5,697,610 | $3,765,597 |
| Receivables, inventories, prepaids | $1,504,995 | $1,737,605 | $1,681,071 | $301,231 | $476,956 |
| Short-term investments | $4,780,114 | $4,360,056 | $5,449,397 | $4,415,336 | $4,302,534 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $20,396,557 | $19,991,256 | $16,231,193 | $10,414,177 | $8,545,087 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $12,622,687 | $10,383,734 | $10,450,991 | $9,004,771 | $6,014,564 |
| Other long-term assets | $1,724,967 | $1,674,687 | $1,834,601 | $1,771,033 | $1,780,574 |
| Total long-term assets | $14,347,654 | $12,058,421 | $12,285,592 | $10,775,804 | $7,795,138 |
| Total assets | $34,744,211 | $32,049,677 | $28,516,785 | $21,189,981 | $16,340,225 |
| Liabilities | 2023 | 2022 | 2021 | 2020 | 2019 |
| Payables and accrued expenses | $1,099,866 | $430,723 | $374,495 | $360,301 | $256,110 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $1,099,866 | $430,723 | $374,495 | $360,301 | $256,110 |
| Debt | $2,640,109 | $2,782,600 | $2,924,820 | $2,548,285 | $1,109,768 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $116,651 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $2,756,760 | $2,782,600 | $2,924,820 | $2,548,285 | $1,109,768 |
| Total liabilities | $3,856,626 | $3,213,323 | $3,299,315 | $2,908,586 | $1,365,878 |
| Net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Without donor restrictions | $24,880,497 | $21,296,138 | $21,258,969 | $15,901,100 | $12,908,106 |
| With donor restrictions | $6,007,088 | $7,540,216 | $3,958,501 | $2,380,295 | $2,066,241 |
| Net assets | $30,887,585 | $28,836,354 | $25,217,470 | $18,281,395 | $14,974,347 |
| Revenues and expenses | |||||
| Revenue | 2023 | 2022 | 2021 | 2020 | 2019 |
| Total contributions | $14,611,000 | $16,375,819 | $15,354,936 | $13,277,410 | $11,371,226 |
| Program service revenue | $1,575,611 | $1,472,418 | $1,239,080 | $996,801 | $1,135,790 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $259,393 | $360,201 | $277,899 | $179,485 | $249,946 |
| Other revenue | $279,093 | $250,482 | $214,679 | $207,435 | $235,437 |
| Total other revenue | $2,114,097 | $2,083,101 | $1,731,658 | $1,383,721 | $1,621,173 |
| Total revenue | $16,725,097 | $18,458,920 | $17,086,594 | $14,661,131 | $12,992,399 |
| Expenses | 2023 | 2022 | 2021 | 2020 | 2019 |
| Program services | $12,074,768 | $11,083,167 | $8,834,452 | $8,988,366 | $10,490,076 |
| Management and general | $1,081,777 | $969,221 | $794,610 | $880,711 | $758,990 |
| Fundraising | $1,845,186 | $1,806,254 | $1,596,023 | $1,439,049 | $1,470,501 |
| Total expenses | $15,001,731 | $13,858,642 | $11,225,085 | $11,308,126 | $12,719,567 |
| Change in net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Surplus (deficit) | $1,723,366 | $4,600,278 | $5,861,509 | $3,353,005 | $272,832 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $1,723,366 | $4,600,278 | $5,861,509 | $3,353,005 | $272,832 |
Compensation
| Name | Title | Compensation |
| Leon Negen | Chief Executive Officer | $256,687 |
| Kathy Coady | Director of Development | $141,335 |
| Cole Lindholm | Director of HR & Community | $124,404 |
| Keith Isley | Director of Operations | $116,868 |
Compensation data as of: 6/30/2023
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.