Haven of Rest Ministries - Anderson

The information on this page was last updated 5/5/2023. If you see errors or omissions, please email: [email protected]

Summary

Haven of Rest is a Bible-based discipleship program and ministry located in Anderson, South Carolina that is designed to rescue, restore, and release men and women facing life-dominating problems related to addiction and homelessness.

Rescue: Meeting immediate needs while offering Biblical guidance

Restore: A process of transformation from point of crisis to healing through Jesus Christ and Biblical community

Release: Becoming equipped to be a godly, functioning member of society

Contact information

Mailing address:
Haven of Rest Ministries
219 West Whitner St
Anderson, SC 29624

Website: havenofrest.cc

Phone: 864-226-6193

Email: [email protected]

Organization details

EIN: 570422667

CEO/President: Eddie Capps

Chairman: Mr. Will Cord

Board size: 12

Founder: Christian businessmen

Ruling year: 1962

Tax deductible: Yes

Fiscal year end: 09/30

Member of ECFA: Yes

Member of ECFA since: 2013

Purpose

Our goal is to see every program participant will have immediate needs met, find freedom from addictions, and hope in a new life with Christ.

Mission statement

Haven of Rest Ministries exists to see those bound by life-dominating problems "rescued, restored, and released" while experiencing the love of the Lord Jesus Christ.

Statement of faith

Donor confidence score

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.

Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

Category	Rating	Overall rank	Sector rank
Overall efficiency rating		87 of 1091	11 of 144
Fund acquisition rating		320 of 1094	36 of 144
Resource allocation rating		155 of 1094	18 of 144
Asset utilization rating		188 of 1091	23 of 144

Financial ratios

Funding ratios	Sector median	2022	2021	2020	2019	2018
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions	11%	6%	8%	7%	8%	8%
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue	9%	5%	5%	5%	5%	9%
Contributions reliance Contributions reliance = Total contributions / Total revenue	92%	72%	65%	68%	63%	113%
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses	11%	5%	5%	5%	5%	9%
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue	8%	28%	35%	32%	37%	-13%

Operating ratios	Sector median	2022	2021	2020	2019	2018
Program expense ratio Program expense ratio = Program services / Total expenses	79%	87%	88%	89%	90%	77%
Spending ratio Spending ratio = Total expenses / Total revenue	86%	86%	93%	94%	101%	97%
Program output ratio Program output ratio = Program services / Total revenue	68%	75%	82%	83%	91%	75%
Savings ratio Savings ratio = Surplus (deficit) / Total revenue	14%	14%	7%	6%	-1%	3%
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets	9%	24%	14%	15%	-4%	5%
General and admin ratio General and admin ratio = Management and general expense / Total expenses	9%	8%	7%	6%	5%	14%

Investing ratios	Sector median	2022	2021	2020	2019	2018
Total asset turnover Total asset turnover = Total expenses / Total assets	0.52	1.45	1.86	2.07	2.66	1.48
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets	2.61	1.30	1.51	1.76	2.26	2.18
Current asset turnover Current asset turnover = Total expenses / Total current assets	1.62	1.88	2.80	3.64	6.00	3.23

Liquidity ratios	Sector median	2022	2021	2020	2019	2018
Current ratio Current ratio = Total current assets / Total current liabilities	14.13	18.10	10.82	7.85	6.12	6.65
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets	0.07	0.06	0.09	0.13	0.16	0.15
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12)	6.85	6.04	3.89	2.87	1.67	3.16

Solvency ratios	Sector median	2022	2021	2020	2019	2018
Liabilities ratio Liabilities ratio = Total liabilities / Total assets	7%	4%	6%	7%	7%	7%
Debt ratio Debt ratio = Debt / Total assets	0%	0%	0%	0%	0%	0%
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses	167%	66%	50%	45%	35%	63%

Financials

Balance sheet

Assets	2022	2021	2020	2019	2018
Cash	$1,571,038	$922,037	$609,219	$315,234	$423,467
Receivables, inventories, prepaids	$810,541	$661,104	$570,493	$465,871	$412,959
Short-term investments	$0	$0	$0	$0	$0
Other current assets	$0	$0	$0	$0	$0
Total current assets	$2,381,579	$1,583,141	$1,179,712	$781,105	$836,426
Long-term investments	$0	$0	$0	$0	$0
Fixed assets	$711,415	$800,293	$892,459	$980,338	$983,007
Other long-term assets	$0	$0	$0	$0	$0
Total long-term assets	$711,415	$800,293	$892,459	$980,338	$983,007
Total assets	$3,092,994	$2,383,434	$2,072,171	$1,761,443	$1,819,433

Liabilities	2022	2021	2020	2019	2018
Payables and accrued expenses	$131,544	$146,362	$140,853	$127,663	$125,764
Other current liabilities	$0	$0	$9,360	$0	$0
Total current liabilities	$131,544	$146,362	$150,213	$127,663	$125,764
Debt	$0	$0	$0	$0	$0
Due to (from) affiliates	$0	$0	$0	$0	$0
Other long-term liabilities	$0	$0	$0	$0	$0
Total long-term liabilities	$0	$0	$0	$0	$0
Total liabilities	$131,544	$146,362	$150,213	$127,663	$125,764

Net assets	2022	2021	2020	2019	2018
Without donor restrictions	$2,961,450	$2,237,072	$1,921,958	$1,633,780	$1,693,669
With donor restrictions	$0	$0	$0	$0	$0
Net assets	$2,961,450	$2,237,072	$1,921,958	$1,633,780	$1,693,669

Revenues and expenses

Revenue	2022	2021	2020	2019	2018
Total contributions	$3,759,165	$3,101,933	$3,098,814	$2,899,457	$3,134,874
Program service revenue	$54,555	$48,130	$33,670	$15,943	$20,750
Membership dues	$0	$0	$0	$0	$0
Investment income	$46	$1,548	$3,513	$4,935	$754
Other revenue	$1,383,652	$1,600,465	$1,451,030	$1,703,596	($373,551)
Total other revenue	$1,438,253	$1,650,143	$1,488,213	$1,724,474	($352,047)
Total revenue	$5,197,418	$4,752,076	$4,587,027	$4,623,931	$2,782,827

Expenses	2022	2021	2020	2019	2018
Program services	$3,895,631	$3,902,259	$3,809,251	$4,206,110	$2,078,686
Management and general	$340,066	$298,882	$276,345	$239,645	$378,939
Fundraising	$237,343	$235,821	$213,253	$238,064	$241,974
Total expenses	$4,473,040	$4,436,962	$4,298,849	$4,683,819	$2,699,599

Change in net assets	2022	2021	2020	2019	2018
Surplus (deficit)	$724,378	$315,114	$288,178	($59,888)	$83,228
Other changes in net assets	$0	$0	$0	$0	$0
Total change in net assets	$724,378	$315,114	$288,178	($59,888)	$83,228

Compensation

Name	Title	Compensation
Eddie Capps	Executive Di	$87,112

Compensation data as of: 9/30/2022

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 5/5/2023. To update the information below, please email: [email protected]

History

In October 1960, Haven of Rest Rescue Mission was founded as a place for homeless men to receive food, shelter, and help. It was started by a group of Christian businessmen who were concerned about the homeless wandering the streets in Anderson. The ministry began in a small building with 6 donated bunk-beds. The first ministry director, Hugh Parsons, became a Christian at the Haven of Rest Rescue Mission in Acron, Ohio. He wanted the Anderson ministry to have the same name.

Today, Haven of Rest is a Christ-centered ministry that provides hope, healing, and recovery for men and women facing life-dominating problems, such as homelessness and addiction. The Haven has grown to accommodate an average of 90 men and women in its facilities. Programs are free of charge to men and women who need help.

Program accomplishments

In the 2019-2020 Fiscal Year:

56,316 wholesome meals were given

17,065 nights of safe shelter were received

Question	Response	Score
Does the organization have a statement of faith consistent with historic Christian creeds and is that statement of easily found on its website?	Yes	4/4
Does the board have no more than 2 non-independent members?	Yes	10/10
Does the board have at least four independent board members for every non-independent member?	Yes	4/4
Does the board contain between 5 and 11 members?	No	0/10
Does the organization file a Form 990 and make its Form 990 available to the public?	Yes	15/15
Does the organization make its audit or review (if annual revenue is more than $1-m) available on its website?	Yes	4/4
Is the organization a member of the ECFA?	Yes	9/9
Is the CEO/President's compensation within one standard deviation of the median compensation?	Yes	4/4
Did the organization operate at a net profit (revenue greater than expenses) in the most recent year?	Yes	4/4
Does the organization refrain from owning or leasing a private aircraft, or having fractional interest in one, that is primarily used for travel by the organization's leaders?	Yes	4/4
For the past five years, has the organization been free of any lawsuits or administrative actions filed against it by an employee, client, board member, vendor, donor, or other related party?	Yes	4/4
Are author royalties and speaking engagement fees paid to the organization, and not the individual?	Yes	4/4
Does the organization require its employees to affirm upon hiring the statement of faith of the organization?	Yes	4/4
Is the board chair an independent member of the board?	Yes	4/4
Does the board have term limits?	Yes	4/4
Have there been no public accusations of misdeeds against the organization, founder, CEO, senior pastor, or board members in the past five years?	Yes	4/4
Has the organization refrained from the use of non-disclosure agreements?	Yes	4/4
Does the organization have an overall financial efficiency rating of at least 2 stars?	Yes	4/4
Total donor confidence score		90/100