Haven Of Rest Ministries Inc
- Assets
- $3.4m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 105
- Location
- Anderson, SC
- Founding
- 02/1962
- Data as of
- 09/2023
- EIN
- 57-0422667
Organization Overview
Haven Of Rest Ministries Inc is located in Anderson, SC. The organization was established in 1962. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Haven Of Rest Ministries Inc employed 105 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Haven Of Rest 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 09/2023, Haven Of Rest Ministries Inc generated $4.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $4.3m during the year ending 09/2023. While expenses have increased by 8.0% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE GOAL OF THE MINISTRY IS THAT EVERY PARTICIPANT WILL DESIRE TO GIVE HIS OR HER LIFE TO CHRIST AND TURN TO HIM FOR FREEDOM FROM ADDICTIONS AND HOPE FOR THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MADE AVAILABLE USED GOODS TO THE COMMUNITY AT AFFORDABLE PRICES.
TO PROVIDE FREEDOM FROM ADDICTIONS AND GIVE ADDICTED PEOPLE THE TOOLS NECESSARY TO LEAD PRODUCTIVE LIVES. IN THE MEN'S AND WOMEN'S PROGRAM, SERVED 31,246 MEALS, PROVIDED 9,638 BEDS, 27 PARTICIPANTS GRADUATED FROM MINISTRY PROGRAMS, 383 WERE LIVING ON CAMPUS AT SOME POINT DURING THE YEAR. WE HAD 11 PROFESSIONS OF FAITH.
3.RESCUE MISSION - 32 WERE SENT TO TRANSITION HOUSING, 22 PROFESSIONS OF FAITH WERE MADE, PROVIDED 6,156 BEDS AND SERVED 51,381 MEALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eddie Capps Executive Di | Officer | 40 | $91,337 |
Chad Brendle Treasurer | Trustee | 1 | $0 |
Will Cord Board Member | Trustee | 1 | $0 |
Ezra Greene Board Member | Trustee | 1 | $0 |
Laura Jones Board Member | Trustee | 1 | $0 |
Mike Looney Secretary | Trustee | 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 | $4,217,916 |
| Noncash contributions included in lines 1a–1f | $1,682,437 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,217,916 |
| Total Program Service Revenue | $49,700 |
| Investment income | $17,862 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,200 |
| Net Income from Fundraising Events | $188,357 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,486,198 |
| 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. | $91,336 |
| Compensation of current officers, directors, key employees. | $913 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $921,528 |
| Pension plan accruals and contributions | $23,832 |
| Other employee benefits | $71,496 |
| Payroll taxes | $83,413 |
| Fees for services: Management | $308,295 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $88,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $950 |
| Office expenses | $13,734 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $386,044 |
| Travel | $111,657 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,253 |
| Insurance | $0 |
| All other expenses | $18,776 |
| Total functional expenses | $4,278,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $600,579 |
| Savings and temporary cash investments | $1,017,691 |
| Pledges and grants receivable | $21,150 |
| 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 | $766,746 |
| Prepaid expenses and deferred charges | $135,769 |
| Net Land, buildings, and equipment | $845,745 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,387,680 |
| Accounts payable and accrued expenses | $96,310 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $65,503 |
| Total liabilities | $161,813 |
| Net assets without donor restrictions | $3,225,867 |
| 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 | $3,387,680 |