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

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Transparency grade

A

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Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating952 of 1110101 of 121
Fund acquisition rating983 of 111196 of 121
Resource allocation rating556 of 111174 of 121
Asset utilization rating873 of 111087 of 121

Financial ratios

Funding ratiosSector median20232022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%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
92%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
8%13%11%10%9%12%
 
Operating ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%80%80%79%79%82%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%90%75%66%77%98%
Program output ratio Program output ratio =
Program services /
Total revenue
77%72%60%52%61%81%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%10%25%34%23%2%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%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 ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.860.430.430.390.530.78
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.761.701.601.762.031.91
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.790.740.690.691.091.49
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.9218.5446.4143.3428.9033.36
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.050.020.020.030.03
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.0415.4416.9416.9510.677.82
 
Solvency ratiosSector median20232022202120202019
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
100%206%208%225%162%118%

Financials

Balance sheet
 
Assets20232022202120202019
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
 
Liabilities20232022202120202019
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 assets20232022202120202019
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
 
Revenue20232022202120202019
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
 
Expenses20232022202120202019
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 assets20232022202120202019
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

NameTitleCompensation
Leon NegenChief Executive Officer$256,687
Kathy CoadyDirector of Development$141,335
Cole LindholmDirector of HR & Community$124,404
Keith IsleyDirector 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.