Hope Ministries

Nonprofit profile at a glance

EIN
421512992
IRS 990 coverage
2017–2024
Forms available
Form 990 2024
Location
Des Moines, IA, USA
Phone
5152657272
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Homeless Centers
Affiliation
Christianity

Official website

Reported finances

Revenue
$15,611,456
Expenses
$15,423,482
Assets
$39,136,245
Liabilities
$6,398,690

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • COLE LINDHOLM (PRESIDENT)
  • LEON NEGEN (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • LEON NEGEN (CHIEF EXECUTIVE OFFICER): $390,385 total reported compensation
  • COLE LINDHOLM (PRESIDENT): $170,409 total reported compensation
  • KATHY COADY (CHIEF DEVELOPMENT OFFICER): $156,127 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

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.

What it reported doing in 2024

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, a 100 bed center for women and children with 50 short and long-term life-recovery beds and 50 shelter beds, and a 23 bed supportive housing center for men. Through our rescue efforts, we provide more than 17,000 meals and 6,000 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.

Operating model

Revenue model
Donor-supported. 86% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 79
  • Accountability: 95
  • Sustainability: 51
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.1%; rating input score 79
  • Program expense ratio: 78.9%; rating input score 79
  • Fundraising efficiency: $6.6 raised per $1 spent on fundraising; rating input score 27; 27th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 1.2%; rating input score 39; 39th percentile among comparable filings
  • Total-asset coverage ratio: 2.54; rating input score 70; 70th percentile among comparable filings
  • Liabilities to assets ratio: 0.16; rating input score 64; 64th percentile among comparable filings
  • Officer compensation ratio: 6.2%; rating input score 41; 41st percentile among comparable filings

Growth

  • Program expense growth: 3.3% per year; rating input score 100; 28th percentile among comparable filings
  • Revenue growth: 3.1% per year; rating input score 100; 27th percentile among comparable filings
  • Asset growth: 13.1% per year; rating input score 100; 76th percentile among comparable filings

Details

  • Where the money goes: 79.1% of revenue deployed · 78.9% of spending went to programs
  • Governance: 10 of 10 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $12.2M in reported program spending
  • Leadership: top reported pay $390K · 15 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $4.3M reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 8 filed schedules · includes major donors and executive pay
  • Filing history: 7 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 27/100.
  • Moderate — Sustainability: Operating margin scored 39/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Moderate — Sustainability: Officer compensation ratio scored 41/100.