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

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Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating76 of 110410 of 140
Fund acquisition rating319 of 110535 of 140
Resource allocation rating163 of 110517 of 140
Asset utilization rating198 of 110422 of 140

Financial ratios

Funding ratiosSector median20222021202020192018
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
10%5%5%5%5%9%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
93%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
7%28%35%32%37%-13%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%87%88%89%90%77%
Spending ratio Spending ratio =
Total expenses /
Total revenue
89%86%93%94%101%97%
Program output ratio Program output ratio =
Program services /
Total revenue
70%75%82%83%91%75%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
11%14%7%6%-1%3%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
7%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 ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.521.451.862.072.661.48
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.711.301.511.762.262.18
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.681.882.803.646.003.23
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.9118.1010.827.856.126.65
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.060.090.130.160.15
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.466.043.892.871.673.16
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%4%6%7%7%7%
Debt ratio Debt ratio =
Debt /
Total assets
1%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
160%66%50%45%35%63%

Financials

Balance sheet
 
Assets20222021202020192018
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
 
Liabilities20222021202020192018
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 assets20222021202020192018
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
 
Revenue20222021202020192018
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
 
Expenses20222021202020192018
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 assets20222021202020192018
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

NameTitleCompensation
Eddie CappsExecutive 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


Needs