Hope Faith Ministries Inc
- Assets
- $4.1m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 40
- Location
- Kansas City, MO
- Founding
- 10/2004
- Data as of
- 12/2022
- EIN
- 02-0727462
Organization Overview
Hope Faith Ministries Inc is located in Kansas City, MO. The organization was established in 2004. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Hope Faith Ministries Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Faith Ministries Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Hope Faith Ministries Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. While expenses have increased by 7.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HOPE FAITH MINISTRIES INC. ("HFM") WORKS TO ALLEVIATE HOMELESSNESS AND POVERTY IN THE KANSAS CITY AREA BY PROVIDING BASIC NECESSITIES AND ASSISTANCE WHILE ALSO PROVIDING CRITICAL PROGRAMS TO HELP EMPOWER INDIVIDUALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPE FAITH MINISTRIES INC. ("HFM") WORKS TO ALLEVIATE HOMELESSNESS AND POVERTY IN THE KANSAS CITY AREA BY PROVIDING BASIC NECESSITIES AND ASSISTANCE WHILE ALSO PROVIDING CRITICAL PROGRAMS TO HELP EMPOWER INDIVIDUALS EXPERIENCING HOMELESSNESS TO FIND SELF SUFFICIENCY AND INDEPENDENCE. HFM IS THE ONLY COLLABORATIVE, DAYTIME HOMELESS ASSISTANCE CAMPUS IN KANSAS CITY, MO PROVIDING DIRECT SERVICES TO INDIVIDUALS EXPERIENCING HOMELESSNESS AND AT-RISK INDIVIDUALS, FAMILIES, AND YOUTH. HFM PROVIDES FOR IMMEDIATE NEEDS SUCH AS FOOD, SHOWERS, CLOTHING, LAUNDRY SERVICE, CASE MANAGEMENT, AND OTHER ESSENTIAL SERVICES. HFM ALSO PROVIDES OFFICE SPACE AND OPERATIONAL SUPPORT FOR ANCHOR PARTNERS THAT PROVIDE MEDICAL, VISION, DENTAL AND BEHAVIOR HEALTH SERVICES AS WELL AS ADDITIONAL CASE MANAGEMENT RESOURCES. MONDAY THROUGH SATURDAY WE PROVIDE SERVICES FOR OVER 4,500 UNDUPLICATED INDIVIDUALS AND SERVE AN AVERAGE BETWEEN 200-300 MEALS A DAY. DURING THE WINTER, THESE NUMBERS JUMP SUBSTANTIALLY TO SERVING 250 ADDITIONAL UNDUPLICATED INDIVIDUALS AND PROVIDING UPWARDS OF 400 MEALS A DAY. IN 2022 WE SERVED 109,716 HOT MEALS, 3,516 PEOPLE RECEIVED CLOTHING AND HYGIENE PRODUCTS, 5,875 SHOWERS PROVIDED, 520 PRESCRIPTIONS FILLED, OVER 2,300 PEOPLE VISITED OUR FREE HEALTH, DENTAL AND VISION CLINICS, 2,221 LOADS OF LAUNDRY WERE DONE, 568 HAIRCUTS PROVIDED, 1,082 PAIRS OF PRESCRIPTION AND READING GLASSES PROVIDED, AND 2,300 HOURS DONATED BY 783 DEDICATED VOLUNTEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blake Reeves Chairman | OfficerTrustee | 3 | $0 |
Stephen C Harmon Vice Chairman | OfficerTrustee | 3 | $0 |
Brandon Kanoy Treasurer | OfficerTrustee | 3 | $0 |
Tori Cawman Secretary | OfficerTrustee | 3 | $0 |
Cheryl Sanders Director | Trustee | 3 | $0 |
Mike Cillessen Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,830,991 |
| Noncash contributions included in lines 1a–1f | $152,250 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,830,991 |
| Total Program Service Revenue | $0 |
| Investment income | $10,113 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,844,100 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $248,002 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $78,511 |
| Compensation of current officers, directors, key employees. | $78,511 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $760,724 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,321 |
| Payroll taxes | $71,948 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $57,798 |
| Fees for services: Accounting | $7,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,722 |
| Office expenses | $3,753 |
| Information technology | $6,192 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,065 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114,592 |
| Insurance | $93,116 |
| All other expenses | $89,895 |
| Total functional expenses | $1,878,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $460,011 |
| Savings and temporary cash investments | $550,000 |
| Pledges and grants receivable | $123,165 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,333 |
| Prepaid expenses and deferred charges | $8,225 |
| Net Land, buildings, and equipment | $2,979,965 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,130,699 |
| Accounts payable and accrued expenses | $88,446 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $490,429 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $125,000 |
| Total liabilities | $703,875 |
| Net assets without donor restrictions | $2,639,022 |
| Net assets with donor restrictions | $787,802 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,130,699 |