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
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 | | 99 of 1107 | 10 of 138 |
| Fund acquisition rating | | 287 of 1108 | 25 of 138 |
| Resource allocation rating | | 209 of 1108 | 23 of 138 |
| Asset utilization rating | | 238 of 1107 | 24 of 138 |
Financial ratios
| Funding ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 11% | 7% | 6% | 8% | 7% | 8% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 10% | 6% | 5% | 5% | 5% | 5% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 93% | 94% | 72% | 65% | 68% | 63% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 11% | 7% | 5% | 5% | 5% | 5% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 7% | 6% | 28% | 35% | 32% | 37% |
| Operating ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Program expense ratio Program expense ratio = Program services / Total expenses | 79% | 85% | 87% | 88% | 89% | 90% |
Spending ratio Spending ratio = Total expenses / Total revenue | 94% | 95% | 86% | 93% | 94% | 101% |
Program output ratio Program output ratio = Program services / Total revenue | 74% | 81% | 75% | 82% | 83% | 91% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 6% | 5% | 14% | 7% | 6% | -1% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 5% | 6% | 24% | 14% | 15% | -4% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 9% | 8% | 8% | 7% | 6% | 5% |
| Investing ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.53 | 1.26 | 1.45 | 1.86 | 2.07 | 2.66 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.92 | 1.33 | 1.30 | 1.51 | 1.76 | 2.26 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.77 | 1.68 | 1.88 | 2.80 | 3.64 | 6.00 |
| Liquidity ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Current ratio Current ratio = Total current assets / Total current liabilities | 12.15 | 26.39 | 18.10 | 10.82 | 7.85 | 6.12 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.04 | 0.06 | 0.09 | 0.13 | 0.16 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.03 | 6.86 | 6.04 | 3.89 | 2.87 | 1.67 |
| Solvency ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 8% | 5% | 4% | 6% | 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 | 154% | 75% | 66% | 50% | 45% | 35% |
Financials
| Balance sheet | |||||
| Assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Cash | $1,618,270 | $1,571,038 | $922,037 | $609,219 | $315,234 |
| Receivables, inventories, prepaids | $923,665 | $810,541 | $661,104 | $570,493 | $465,871 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $2,541,935 | $2,381,579 | $1,583,141 | $1,179,712 | $781,105 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $845,745 | $711,415 | $800,293 | $892,459 | $980,338 |
| Other long-term assets | $0 | $0 | $0 | $0 | $0 |
| Total long-term assets | $845,745 | $711,415 | $800,293 | $892,459 | $980,338 |
| Total assets | $3,387,680 | $3,092,994 | $2,383,434 | $2,072,171 | $1,761,443 |
| Liabilities | 2023 | 2022 | 2021 | 2020 | 2019 |
| Payables and accrued expenses | $96,310 | $131,544 | $146,362 | $140,853 | $127,663 |
| Other current liabilities | $0 | $0 | $0 | $9,360 | $0 |
| Total current liabilities | $96,310 | $131,544 | $146,362 | $150,213 | $127,663 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $65,503 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $65,503 | $0 | $0 | $0 | $0 |
| Total liabilities | $161,813 | $131,544 | $146,362 | $150,213 | $127,663 |
| Net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Without donor restrictions | $3,225,867 | $2,961,450 | $2,237,072 | $1,921,958 | $1,633,780 |
| With donor restrictions | $0 | $0 | $0 | $0 | $0 |
| Net assets | $3,225,867 | $2,961,450 | $2,237,072 | $1,921,958 | $1,633,780 |
| Revenues and expenses | |||||
| Revenue | 2023 | 2022 | 2021 | 2020 | 2019 |
| Total contributions | $4,217,916 | $3,759,165 | $3,101,933 | $3,098,814 | $2,899,457 |
| Program service revenue | $49,700 | $54,555 | $48,130 | $33,670 | $15,943 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $12,662 | $46 | $1,548 | $3,513 | $4,935 |
| Other revenue | $205,920 | $1,383,652 | $1,600,465 | $1,451,030 | $1,703,596 |
| Total other revenue | $268,282 | $1,438,253 | $1,650,143 | $1,488,213 | $1,724,474 |
| Total revenue | $4,486,198 | $5,197,418 | $4,752,076 | $4,587,027 | $4,623,931 |
| Expenses | 2023 | 2022 | 2021 | 2020 | 2019 |
| Program services | $3,643,969 | $3,895,631 | $3,902,259 | $3,809,251 | $4,206,110 |
| Management and general | $354,637 | $340,066 | $298,882 | $276,345 | $239,645 |
| Fundraising | $279,806 | $237,343 | $235,821 | $213,253 | $238,064 |
| Total expenses | $4,278,412 | $4,473,040 | $4,436,962 | $4,298,849 | $4,683,819 |
| Change in net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Surplus (deficit) | $207,786 | $724,378 | $315,114 | $288,178 | ($59,888) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $207,786 | $724,378 | $315,114 | $288,178 | ($59,888) |
Compensation
| Name | Title | Compensation |
| Eddie Capps | Executive Di | $91,337 |
Compensation data as of: 9/30/2023
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 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