Haven of Rest Ministries - Anderson

The information on this page was last updated 6/27/2022. If you see errors or omissions, please email: info@ministrywatch.com


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: info@havenofrest.cc


Organization details

EIN: 570422667

CEO/President: Eddie Capps

Chairman: Todd Price

Board size: 13

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 rating67 of 103111 of 161
Fund acquisition rating372 of 103360 of 161
Resource allocation rating112 of 103319 of 161
Asset utilization rating79 of 103112 of 161

Financial ratios

Funding ratiosSector median20202019201820152013
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
9%7%8%8%3%13%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%5%5%9%3%4%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%68%63%113%92%30%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
10%5%5%9%3%4%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%32%37%-13%8%70%
 
Operating ratiosSector median20202019201820152013
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%89%90%77%77%80%
Spending ratio Spending ratio =
Total expenses /
Total revenue
87%94%101%97%95%102%
Program output ratio Program output ratio =
Program services /
Total revenue
69%83%91%75%73%82%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
13%6%-1%3%5%-2%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
11%15%-4%5%10%-4%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%6%5%14%20%16%
 
Investing ratiosSector median20202019201820152013
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.552.072.661.481.812.54
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.021.762.262.181.823.63
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.743.646.003.233.299.24
 
Liquidity ratiosSector median20202019201820152013
Current ratio Current ratio =
Total current assets /
Total current liabilities
14.307.856.126.658.2748.95
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.130.160.150.120.02
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.792.871.673.163.201.27
 
Solvency ratiosSector median20202019201820152013
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%7%7%7%7%4%
Debt ratio Debt ratio =
Debt /
Total assets
2%0%0%0%0%3%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
150%45%35%63%52%38%

Financials

Balance sheet
 
Assets20202019201820152013
Cash$609,219$315,234$423,467$594,608$306,832
Receivables, inventories, prepaids$570,493$465,871$412,959$266,015$0
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$1,179,712$781,105$836,426$860,623$306,832
Long-term investments$0$0$0$0$0
Fixed assets$892,459$980,338$983,007$709,703$806,827
Other long-term assets$0$0$0$0$0
Total long-term assets$892,459$980,338$983,007$709,703$806,827
Total assets$2,072,171$1,761,443$1,819,433$1,570,326$1,113,659
 
Liabilities20202019201820152013
Payables and accrued expenses$140,853$127,663$125,764$104,072$6,268
Other current liabilities$9,360$0$0$0$0
Total current liabilities$150,213$127,663$125,764$104,072$6,268
Debt$0$0$0$337$36,507
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$337$36,507
Total liabilities$150,213$127,663$125,764$104,409$42,775
 
Net assets20202019201820152013
Without donor restrictions$1,921,958$1,633,780$1,693,669$1,461,127$1,070,884
With donor restrictions$0$0$0$4,790$0
Net assets$1,921,958$1,633,780$1,693,669$1,465,917$1,070,884
 
Revenues and expenses
 
Revenue20202019201820152013
Total contributions$3,098,814$2,899,457$3,134,874$2,739,632$841,674
Program service revenue$33,670$15,943$20,750$71,304$1,944,215
Membership dues$0$0$0$0$0
Investment income$3,513$4,935$754$6,619$3,637
Other revenue$1,451,030$1,703,596($373,551)$166,495($3,511)
Total other revenue$1,488,213$1,724,474($352,047)$244,418$1,944,341
Total revenue$4,587,027$4,623,931$2,782,827$2,984,050$2,786,015
 
Expenses20202019201820152013
Program services$3,809,251$4,206,110$2,078,686$2,183,307$2,272,164
Management and general$276,345$239,645$378,939$575,158$450,878
Fundraising$213,253$238,064$241,974$76,845$110,616
Total expenses$4,298,849$4,683,819$2,699,599$2,835,310$2,833,658
 
Change in net assets20202019201820152013
Surplus (deficit)$288,178($59,888)$83,228$148,740($47,643)
Other changes in net assets$0$0$0$0$0
Total change in net assets$288,178($59,888)$83,228$148,740($47,643)

Compensation

NameTitleCompensation
Eddie CappsExecutive Di$57,776

Compensation data as of: 9/30/2020


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 6/27/2022. To update the information below, please email: info@ministrywatch.com


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


Needs