HOPE South Florida

The information on this page was last updated 3/20/2023. If you see errors or omissions, please email: [email protected]


Summary

For those desperately searching for a bridge to go from a crisis of homelessness to a life renewed, HOPE South Florida has been a beacon of light since 1995.

Started as The Shepherd's Way ministry, we are a faith-based 501(c)(3) non-profit organization that has provided emergency shelter, housing assistance, and support services to thousands of homeless families, veterans and individuals.


Contact information

Mailing address:
HOPE South Florida
1100 N Andrews Ave.
Fort Lauderdale, FL 33311

Website: hopesouthflorida.org

Phone: 954.566.2311

Email: [email protected]


Organization details

EIN: 650670031

CEO/President: Dr. Ted Greer

Chairman: Mat S. Gulley

Board size: 9

Founder: Fred Scarbrough

Ruling year: 1996

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2019


Purpose

HOPE for the hopeless and homes for the homeless.


Mission statement

Providing HOPE for the homeless and hurting through housing, case management, support services and strategic alliances.


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

CategoryRatingOverall rankSector rank
Overall efficiency rating418 of 110143 of 140
Fund acquisition rating628 of 110281 of 140
Resource allocation rating747 of 110283 of 140
Asset utilization rating46 of 11015 of 140

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%15%9%14%25%9%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
10%6%4%4%9%9%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
93%38%41%27%37%98%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
11%5%4%4%9%8%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
7%62%59%73%63%2%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%77%80%88%77%79%
Spending ratio Spending ratio =
Total expenses /
Total revenue
89%115%99%95%104%110%
Program output ratio Program output ratio =
Program services /
Total revenue
70%89%80%84%80%86%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
11%-15%1%5%-4%-10%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
7%-8257%7%69%-82%-86%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%18%16%8%14%13%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.522.852.794.012.612.01
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.712.362.152.253.373.43
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.686.755.999.048.796.88
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.917.629.867.595.195.75
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.130.100.130.190.17
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.461.551.801.151.101.44
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%100%62%67%88%79%
Debt ratio Debt ratio =
Debt /
Total assets
1%91%57%62%82%74%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
160%0%14%8%5%10%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$130,863$364,112$165,101$153,650$224,540
Receivables, inventories, prepaids$514,607$354,800$582,158$269,348$215,221
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$645,470$718,912$747,259$422,998$439,761
Long-term investments$0$0$0$0$0
Fixed assets$840,615$823,589$937,730$1,001,369$1,067,004
Other long-term assets$39,566$0$0$0$0
Total long-term assets$880,181$823,589$937,730$1,001,369$1,067,004
Total assets$1,525,651$1,542,501$1,684,989$1,424,367$1,506,765
 
Liabilities20222021202020192018
Payables and accrued expenses$84,759$72,946$94,099$81,562$76,514
Other current liabilities$0$0$4,310$0$0
Total current liabilities$84,759$72,946$98,409$81,562$76,514
Debt$1,394,302$882,562$1,038,091$1,170,696$1,116,980
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$39,566$0$0$0$0
Total long-term liabilities$1,433,868$882,562$1,038,091$1,170,696$1,116,980
Total liabilities$1,518,627$955,508$1,136,500$1,252,258$1,193,494
 
Net assets20222021202020192018
Without donor restrictions($171,143)$117,469$254,065($21,353)$114,711
With donor restrictions$178,167$469,524$294,424$193,462$198,560
Net assets$7,024$586,993$548,489$172,109$313,271
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$1,425,005$1,766,751$1,919,391$1,340,386$2,695,465
Program service revenue$2,293,452$2,311,535$5,156,997$2,225,489$62,223
Membership dues$0$0$0$0$0
Investment income$0$255,352$3$0($9,090)
Other revenue$56,500$13,161$57,507$10,121$7,500
Total other revenue$2,349,952$2,580,048$5,214,507$2,235,610$60,633
Total revenue$3,774,957$4,346,799$7,133,898$3,575,996$2,756,098
 
Expenses20222021202020192018
Program services$3,349,426$3,466,032$5,960,292$2,852,713$2,380,685
Management and general$786,199$682,717$532,107$527,824$396,433
Fundraising$219,301$159,546$265,119$336,621$249,823
Total expenses$4,354,926$4,308,295$6,757,518$3,717,158$3,026,941
 
Change in net assets20222021202020192018
Surplus (deficit)($579,969)$38,504$376,380($141,162)($270,843)
Other changes in net assets$0$0$0$0$0
Total change in net assets($579,969)$38,504$376,380($141,162)($270,843)

Compensation

NameTitleCompensation
Dr Ted Greer JrCEO$203,883
Donna EnglishVP of Financ$111,019
George S WerthmanCOO$110,644

Compensation data as of: 12/31/2022


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 3/20/2023. To update the information below, please email: [email protected]


History

A Humble Beginning

In 1995, a ministry called The Shepherd's Way was founded by local veterinarian Fred Scarbrough who felt a calling to help homeless families and individuals.

On Thanksgiving Day of that year, with no money, staff or formal plan, The Shepherd's Way housed its first family, a mother, father and five-month-old baby girl who had no place to spend the night, and no baby food. Using rooms at various hotels paid by volunteers, The Shepherd's Way began housing families.

Engaging the Community

As the homeless epidemic continued to grow through the years, The Shepherd's Way expanded programs and services to better assist those in need. Partnering with local churches in 2008, the ministry introduced a community housing program called Faith In Action that provided safe places for families to stay while they awaited placement into mainstream shelters.

As other partnerships and alliances arose in response to the homeless crisis, a continuum of care began to take shape, offering comprehensive services and resources such as a food pantry, shared mass meals, childcare, and financial literacy counseling.

The Story of HOPE

In 2010, eight of the largest churches in the Fort Lauderdale area joined with The Shepherd's Way to launch HOPE South Florida. The idea, then and now, is to work collectively to "Build Hope, Housing and Community" as part of a holistic approach to homelessness.

Today, HOPE South Florida continues to grow and gain momentum as more churches, businesses and individuals seek to be part of the solution. Contributing their time, talent and resources, they help us transform the lives of those who once found themselves homeless.

In many ways, our story is just getting started. Join us, and let's fill it with hope, purpose, and compassion in action.


Program accomplishments


Needs