Hope Of The Valley Rescue Mission
- Assets
- $83.2m
- Revenue
- $49.7m
- Investments
- $0.0
- Employees
- 784
- Location
- North Hills, CA
- Founding
- 04/2010
- Data as of
- 12/2022
- EIN
- 27-2053273
Organization Overview
Hope Of The Valley Rescue Mission is located in North Hills, CA. The organization was established in 2010. 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 Of The Valley Rescue Mission employed 784 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Of The Valley Rescue Mission 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 Of The Valley Rescue Mission generated $49.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 35.4% each year . All expenses for the organization totaled $40.7m during the year ending 12/2022. While expenses have increased by 32.3% per year over the past 8 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
TO ATTRACT PEOPLE/RESOURCES TO ASSIST THE NEEDS OF EVERY HUNGRY HOMELESS PERSON IN THE VALLEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPE THE MISSION OPERATES SEVERAL RESIDENTIAL FACILITIES INCLUDING THE GENESIS HOUSE FOR HOMELESS FAMILIES, THE HOUSE OF HOPE FOR MEN RECOVERING FROM ADDICTION, AND TWO TRANSITIONAL BRIDGE HOUSING SHELTERS FOR MEN AND WOMEN WHILE LOCATING PERMANENT HOUSING. ADDITIONALLY, THE MISSION OPERATES THE HELP CENTER IN VAN NUYS AND THE NAVIGATION CENTER IN NORTH HOLLYWOOD WHICH OFFERS EMERGENCY SERVICES TO HOMELESS INDIVIDUALS LIVING ON THE STREETS SUCH AS SHOWERS, HOT MEALS, CLEAN CLOTHES AND CASE MANAGEMENT.
HOPE THE MISSION THRIFT STORES ARE A VITAL PART OF OUR PROGRAMMING, PROVIDING JOB TRAINING FOR THE MEN AND WOMEN IN OUR VARIOUS PROGRAMS. CLIENTS LEARN RESPONSIBILITY, CLEANLINESS, INVENTORY, CUSTOMER SERVICE, ACCOUNTING AND SALES. THE THRIFT STORES ALSO PROVIDE MUCH NEEDED CLOTHING AND HOUSEHOLD ITEMS AT GREATLY REDUCED PRICES FOR THE ECONOMICALLY CHALLENGED IN OUR COMMUNITY. THRIFT STORE DONATIONS ARE ALSO USED TO PROVIDE CLOTHING FOR OUR SHOWER PROGRAMS AND HOUSEHOLD ITEMS FOR INDIVIDUALS AND FAMILIES MOVING INTO PERMANENT HOUSING.
HOPE THE MISSION OPERATES THREE ADULT SHELTERS: THE 87 BED RAYMER SHELTER THAT OPENED IN JUNE 2020, THE 100 BED VAN NUYS BRIDGE HOME SHELTER, AND THE COLD WEATHER SHELTER IN THE SAN FERNANDO VALLEY. FURTHERMORE, HOPE THE MISSION OPERATES THREE FAMILY SHELTERS WITH A TOTAL OF 130 BEDS AND A TRANSITIONAL AGE YOUTH SHELTER WITH 30 BEDS. EACH CLIENT RECEIVES A WARM, SAFE PLACE TO SLEEP, A HOT DINNER AND BREAKFAST AS WELL AS CASE MANAGEMENT TO ASSIST THEM WITH STRATEGIES AND SOLUTIONS TO END THEIR HOMELESSNESS. THE MISSION ALSO OPERATES 6 TINY HOME SHELTERS IN DIFFERENT AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Morse COO | Officer | 50 | $154,360 |
Rowan Vansleve President And CFO | Officer | 50 | $156,704 |
Ken Craft CEO | Officer | 50 | $59,965 |
Laurie Craft Cpo | 50 | $130,147 | |
Tisha Shoemake Sr. Director Of Finance & Accounting | 50 | $115,794 | |
Theresa Jackson Chairwoman | OfficerTrustee | 6 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ford Ec Inc Construction | 12/30/22 | $4,664,824 |
Pcl Construction Services Inc Construction | 12/30/22 | $4,200,731 |
Good Guard Security Inc Security | 12/30/22 | $3,023,884 |
Kadre Architects Inc Architects | 12/30/22 | $1,240,261 |
Citiguard Inc Security | 12/30/22 | $1,203,248 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,396,894 |
| Related organizations | $0 |
| Government grants | $31,916,445 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,430,935 |
| Noncash contributions included in lines 1a–1f | $2,828,909 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,744,274 |
| Total Program Service Revenue | $6,081,913 |
| Investment income | $5,796 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$101,814 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $49,730,169 |
| 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. | $502,785 |
| Compensation of current officers, directors, key employees. | $42,541 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,688,758 |
| Pension plan accruals and contributions | $7,133 |
| Other employee benefits | $1,756,664 |
| Payroll taxes | $1,388,040 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,647 |
| Fees for services: Accounting | $8,734 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $686,429 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,908,057 |
| Advertising and promotion | $39,008 |
| Office expenses | $1,597,861 |
| Information technology | $148,035 |
| Royalties | $0 |
| Occupancy | $3,058,014 |
| Travel | $192,155 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $69,254 |
| Interest | $535,632 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $985,601 |
| Insurance | $293,034 |
| All other expenses | $16,974 |
| Total functional expenses | $40,688,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,759,283 |
| Savings and temporary cash investments | $25,447 |
| Pledges and grants receivable | $13,900,279 |
| 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 | $877,146 |
| Prepaid expenses and deferred charges | $308,655 |
| Net Land, buildings, and equipment | $32,032,786 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $12,655 |
| Other assets | $321,276 |
| Total assets | $83,237,527 |
| Accounts payable and accrued expenses | $3,123,007 |
| Grants payable | $3,416,704 |
| Deferred revenue | $33,806,009 |
| 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 | $17,461,625 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,054,116 |
| Total liabilities | $62,861,461 |
| Net assets without donor restrictions | $20,376,066 |
| Net assets with donor restrictions | $0 |
| 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 | $83,237,527 |