Hope Haven Ministries Inc
- Assets
- $648.8k
- Revenue
- $351.4k
- Investments
- $0.0
- Employees
- 13
- Location
- Kingsport, TN
- Founding
- 08/1990
- Data as of
- 12/2022
- EIN
- 58-1611140
Organization Overview
Hope Haven Ministries Inc is located in Kingsport, TN. The organization was established in 1990. 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 12/2022, Hope Haven Ministries Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Haven 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 Haven Ministries Inc generated $351.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $425.1k during the year ending 12/2022. While expenses have increased by 20.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HOPE HAVEN MINISTRIES IS A CHRISTIAN, INTER-DENOMINATIONAL, NON-PROFIT MINISTRY FOR MEN, WOMEN, AND CHILDREN WHO ARE IMPROVERISHED ECONOMICALLY, EDUCATIONALLY, EMOTIONALLY, AND/OR SPIRITUALLY. THIS MINISTRY PROVIDES EMERGENCY ASSISTANCE SUCH AS SHELTER, FOOD, AND CRISIS COUNSELING ALONG WITH STRUCTURED COMPASSIONATE PROGRAMS STRESSING REHABILITATION, RESTORATION, AND A RESPONSIBLE ATTITUDE TOWARD GOD, SELF, FAMILY AND SOCIETY. WE HELP THE HOMELESS HELP THEMSELVES BY SHARING THE LOVE OF JESUS CHRIST, BUILDING SELF-SUFFICIENCY AND BREAKING THE CYCLE OF HOMELESSNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LODGING AND MEALS FOR MEN, WOMEN, AND CHILDREN WHO HAVE NO OTHER SOURCE OF SHELTER. WE ALSO PROVIDE BATHING AND LAUNDRY FACILITIES FOR RESIDENTS AND NONRESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Williams President | OfficerTrustee | 2 | $0 |
Cindy Brumit Receiving Treasurer And Se | OfficerTrustee | 5 | $0 |
Brent Long Director | Trustee | 1 | $0 |
Daryl Jane Director | Trustee | 1 | $0 |
Trish Mims Disbursing Treasurer | Trustee | 1 | $0 |
Jerry Machen Vice-President | 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 | $131,737 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $131,737 |
| Total Program Service Revenue | $0 |
| Investment income | $256 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,762 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $211,659 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $351,414 |
| 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. | $49,692 |
| Compensation of current officers, directors, key employees. | $8,696 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $97,472 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,781 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,935 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,843 |
| Advertising and promotion | $1,742 |
| Office expenses | $5,508 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $172,914 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,151 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,906 |
| Insurance | $12,690 |
| All other expenses | $5,527 |
| Total functional expenses | $425,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,517 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $561,256 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $648,773 |
| Accounts payable and accrued expenses | $0 |
| 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 | $457,226 |
| Total liabilities | $457,226 |
| Net assets without donor restrictions | $175,176 |
| Net assets with donor restrictions | $16,371 |
| 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 | $648,773 |