Overview
What is Hope Ministries?
Hope Ministries is a prominent nonprofit organization based in Des Moines, Iowa, dedicated to providing essential services for homeless, near-homeless, and hungry men, women, and children in the state. Their offerings encompass more than just shelter and meals, as they run comprehensive life-recovery programs designed to help individuals and families regain self-sufficiency. The organization currently operates a 110-bed shelter for men, a 102-bed long-term life-recuperation center for men, and a 48-bed short and long-term life-recuperation center for women and children. Hope Ministries goes beyond the basics, offering individualized care plans and case management to ensure their guests receive the support they need. Their mission is deeply rooted in helping those who are homeless, hungry, abused, or addicted, offering opportunities for hope, recovery, and restoration through the love of Jesus Christ. The organization employs a team of 121 individuals.
Official website here: www.hopeiowa.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97%, Four-Star out of Four Star Rating.
Hope Ministries has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization received a perfect score in accountability measures, indicating a high level of transparency and ethical practices, including having a fully independent board and comprehensive financial oversight. The absence of material diversion of assets further reinforces its commitment to proper governance.
Financially, Hope Ministries demonstrates a solid program expense ratio of nearly 80%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. Additionally, the organization maintains a favorable fundraising efficiency ratio, ensuring that it raises funds effectively and keeps overhead low. The working capital ratio suggests a healthy financial cushion, allowing the organization to sustain its operations over the long term.
While the data reflects strong overall performance, it is essential for potential donors to consider the specific programs and impacts of Hope Ministries in their decision-making. The high scores in governance and financial management are commendable, but understanding the direct outcomes of the charity's work remains crucial for a comprehensive evaluation.
This AI summary has been generated from information found on Charity Navigator.
Is Hope Ministries legitimate?
Hope Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Ministries submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $215,699
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,122,827
For more financial information, click here
Official website here: www.hopeiowa.org
What is the mission statement of Hope Ministries?
Hope Ministries is a leading provider of essential services for homeless, hungry, abused, and addicted men, women, and children in Iowa. The mission of Hope Ministries is to save those who are in dire circumstances, offering opportunities for hope, recovery, and restoration through the loving embrace of Jesus Christ. By providing free meals and safe shelter, Hope Ministries offers more than just temporary relief; it offers a chance at a new beginning for individuals seeking a path to recovery. Through its comprehensive life-recovery support services, Hope Ministries aims to empower individuals to rebuild their lives and regain their dignity.
Official website here: www.hopeiowa.org
Who is the CEO of Hope Ministries?
Leon Negen is the Chair of Hope Ministries. The CEO's salary of Hope Ministries is $215,700 and their total compensation is $256,687.
Official website here: www.hopeiowa.org
What is the revenue of Hope Ministries?
Hope Ministries's revenue in 2023 was $16,725,097.
Official website here: www.hopeiowa.org
Who are the executives of Hope Ministries and what are their salaries?
The average compensation at Hope Ministries during 2023 was $27,591. There are 121 employees and 912 volunteers at Hope Ministries.
Here are 15 key members and their salaries (Hope Ministries's CEO's salary is $215,700 and their total compensation is $256,687):
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- Compensation: $215,700
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- Other: $40,987
- Compensation: $132,494
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- Other: $8,841
- Compensation: $108,977
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- Other: $7,891
- Compensation: $108,560
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- Other: $15,844
Official website here: www.hopeiowa.org
Where can I find the form 990 for Hope Ministries?
Hope Ministries's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.hopeiowa.org
Learn more at the official website: www.hopeiowa.org
Mission Statement of Hope Ministries
Hope Ministries, a prominent non-profit organization, is dedicated to rescuing and supporting homeless, hungry, abused, and addicted men, women, and children in Iowa. Through the power of Jesus Christ's love, Hope Ministries offers a beacon of hope, providing opportunities for restoration and recovery. As one of the largest private providers in the state, the organization goes above and beyond, offering free meals and safe shelter, as well as comprehensive life-recovery programs. The mission of Hope Ministries is to make a profound difference in the lives of those in need. By providing essential services and a supportive environment, Hope Ministries empowers individuals to overcome their challenges and rebuild their lives, offering them a renewed sense of hope and purpose. In essence, Hope Ministries serves as a vital refuge for those who have lost their footing in life, extending a helping hand and a listening ear, allowing them to begin their journey towards recovery and restoration.
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Impact
October, 2024
Hope Ministries significantly impacts the lives of homeless, near-homeless, and hungry individuals in Iowa, particularly in Des Moines. By offering over 13,000 free meals and more than 5,000 nights of safe shelter each month, the organization directly addresses the immediate needs of the community. Their facilities include specialized centers for both men and women, ensuring comprehensive care tailored to the unique challenges faced by each group.
In addition to providing essential resources, Hope Ministries implements long-term life-recovery programs designed to foster personal responsibility and accountability. These programs pave the way for individuals and families to achieve self-sufficiency by providing individualized care plans and thorough case management. Through these efforts, Hope Ministries not only rescues those in crisis but also supports them in rebuilding their lives, providing a pathway towards hope, recovery, and restoration.
This information is meant to be a general summary of Hope Ministries. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $259,393
- Program Service Revenue: $1,575,611
- Gross Receipts: $17,182,852
Assets and Liabilities:
- Total Assets: $34,744,211
- Total Liabilities: $3,856,626
- Net Assets: $30,887,585
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
THRIFT STORE INCOME
Revenue
$1,536,336
PROGRAM FEES
Revenue
$37,477
CHAPEL INCOME
Revenue
$1,798
Organization Details
Founding Year
2000
Phone
(515) 265-7272Principal Officer
Leon Negen
Main Address
PO BOX 862, DES MOINES, IA, 50304
Website
www.hopeiowa.orgNTEE Category
Code: P85 - Human services
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