Hope Ministries
- Assets
- $32.0m
- Revenue
- $18.5m
- Investments
- $0.0
- Employees
- 86
- Location
- Des Moines, IA
- Founding
- 04/2001
- Data as of
- 06/2022
- EIN
- 42-1512992
Organization Overview
Hope Ministries is located in Des Moines, IA. The organization was established in 2001. According to its NTEE Classification (P85) the organization is classified as: Homeless Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Hope Ministries employed 86 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Ministries 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 06/2022, Hope Ministries generated $18.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $13.9m during the year ending 06/2022. While expenses have increased by 3.9% 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 MINISTRIES IS ONE OF THE LARGEST PRIVATE PROVIDERS OF FREE MEALS, SAFE SHELTER, AND COMPREHENSIVE LIFE-RECOVERY SUPPORT FOR HOMELESS, NEAR-HOMELESS, AND HUNGRY MEN, WOMEN, AND CHILDREN IN IOWA. THE MISSION OF HOPE MINISTRIES IS TO RESCUE THOSE WHO ARE HOMELESS, HUNGRY, ABUSED OR ADDICTED, PROVIDING OPPORTUNITIES FOR HOPE, RECOVERY AND RESTORATION THROUGH THE LOVE OF JESUS CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPE MINISTRIES IS ONE OF THE LARGEST PROVIDERS OF FREE MEALS, SAFE SHELTER, AND LONG-TERM LIFE-RECOVERY PROGRAMS FOR HOMELESS, NEAR-HOMELESS AND HUNGRY MEN, WOMEN AND CHILDREN IN IOWA. OUR FACILITIES CURRENTLY INCLUDE A 110-BED SHELTER FOR MEN, A 102-BED LONG-TERM LIFE-RECOVERY CENTER FOR MEN, AND A 48-BED SHORT AND LONG-TERM LIFE-RECOVERY CENTER FOR WOMEN AND CHILDREN. THROUGH OUR RESCUE EFFORTS, WE PROVIDE MORE THAN 13,000 MEALS AND 5,000 NIGHTS OF SHELTER EACH MONTH. THROUGH TEACHING PERSONAL RESPONSIBILITY AND ACCOUNTABILITY, OUR LIFE-RECOVERY PROGRAMS (FOR BOTH MEN AND WOMEN) ARE DESIGNED TO LEAD INDIVIDUALS AND FAMILIES TO SELF-SUFFICIENCY. ALL OUR SHELTER GUESTS AND LIFE-RECOVERY RESIDENTS ARE SERVED THROUGH INDIVIDUALIZED CARE PLANS AND CASE MANAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leon Negen Chief Executive Officer | Officer | 40 | $196,283 |
Kathy Coady Director Of Development | 40 | $123,668 | |
Keith Isley Director Of Operations | 40 | $104,298 | |
Cole Lindholm Director Of Hr & Community Operations | 40 | $100,924 | |
Doug Siedenburg Treasurer | OfficerTrustee | 1 | $0 |
Tim Meline Secretary | OfficerTrustee | 1 | $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 | $16,375,819 |
| Noncash contributions included in lines 1a–1f | $6,157,274 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,375,819 |
| Total Program Service Revenue | $1,472,418 |
| Investment income | $225,725 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $134,476 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,458,920 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $205,231 |
| Compensation of current officers, directors, key employees. | $61,569 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,831,098 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $73,333 |
| Fees for services: Legal | $9,036 |
| Fees for services: Accounting | $53,529 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $320,125 |
| Fees for services: Investment Management | $41,205 |
| Fees for services: Other | $97,527 |
| Advertising and promotion | $0 |
| Office expenses | $503,161 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $583,230 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $105,742 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $448,022 |
| Insurance | $0 |
| All other expenses | $244,914 |
| Total functional expenses | $13,858,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,893,595 |
| Pledges and grants receivable | $1,649,429 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $88,176 |
| Net Land, buildings, and equipment | $10,383,734 |
| Investments—publicly traded securities | $4,360,056 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,674,687 |
| Total assets | $32,049,677 |
| Accounts payable and accrued expenses | $430,723 |
| 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 | $2,782,600 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,213,323 |
| Net assets without donor restrictions | $21,296,138 |
| Net assets with donor restrictions | $7,540,216 |
| 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 | $32,049,677 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Hope Ministries has recieved totaling $51,465.
| Awarding Organization | Amount |
|---|---|
Carlson Family Foundation Urbandale, IA PURPOSE: GENERAL FUND | $50,000 |
Evelyn I Benson Tr Des Moines, IA PURPOSE: FOOD & SHELTER FOR INDIGENT | $400 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $245 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $245 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $245 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $210 |
Endowment Analysis
| Beg. Balance | $5,429,924 |
| Earnings | -$681,290 |
| Admin Expense | $263,988 |
| Net Contributions | $522,667 |
| Ending Balance | $5,007,313 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Patrick Center St Louis, MO | $22,313,379 | $19,679,284 |
Hope Ministries Des Moines, IA | $32,049,677 | $18,458,920 |
Public Action To Deliver Shelter Inc Aurora, IL | $12,470,184 | $13,170,829 |
Morning Star Mission Ministries Joliet, IL | $8,251,113 | $7,988,362 |
Facing Forward To End Homelessness Chicago, IL | $3,939,429 | $6,966,734 |
South Suburban Council On Homelessness Mokena, IL | $151,033 | $4,375,749 |
Inspiration Corporation Chicago, IL | $3,598,535 | $5,094,126 |
Inner Voice Incorporated Chicago, IL | $1,141,501 | $3,883,982 |
Hillcrest Ministries Of Midamerica Inc Kansas City, MO | $6,469,883 | $4,066,615 |
Homeless Assistance Leadership Organization Incorporated Racine, WI | $4,400,299 | $2,971,990 |
The Road Home Dane County Madison, WI | $9,003,518 | $3,068,348 |
Midwest Shelter For Homeless Veterans Inc Wheaton, IL | $3,037,273 | $2,711,289 |