Shelter of Hope Inc
Nonprofit profile at a glance
- EIN
- 611148320
- IRS 990 coverage
- 2014–2022
- Forms available
- Form 990 2022, Form 990-EZ 2013
- Location
- Ashland, KY, USA
- Phone
- 6063246700
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Homeless Shelters
Reported finances
- Revenue
- $653,481
- Expenses
- $781,861
- Assets
- $95,662
- Liabilities
- $7,942
Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
8 people listed
People named in this filing
- JACKIE BOGGS (BOARD MEMBER)
- SONNY CARPENTER (BOARD MEMBER)
- MACKEY GASKIN (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The shelter of hope's mission is to provide temporary, emergency shelter and permanent housing assistance for individuals and families in need of transitional services leading them to self-sufficiency. Provisions are made without discrimination because of age, race, color, creed, religion, sex, handicap, national origin, family status, marital status, sexual orientation, or gender identity. The shelter of hope serves boyd, carter, greenup, elliott, and lawrence counties in Kentucky.
What it reported doing in 2022
The shelter of hope provides the following services for individuals, families and veterans who are homeless or at risk of being homeless: short-term temporary emergency housing (10 fully furnished apartments) residents receive assistance from an in-house pantry, household furnishings, personal hygiene items & cleaning supplies tbra (tenant based rental assistance) supplements an individual's rent (up to a maximum of two years) until their section 8 (hud) vouchers are approved rapid re-housing - assists defined homeless individuals and families to locate housing and deposit assistance, if needed prevention program - assists at-risk individuals with casework, housing referrals and other financial assistance as needed collaboration/referrals with other social agencies
Operating model
- Revenue model
- Grant-funded. 84% of the money available for current operations came from government grants.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 55% for direct work, and 45% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 94
- Accountability: 76
- Sustainability: 21
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -19.6%; rating input score 10; 10th percentile among comparable filings
- Total-asset coverage ratio: 0.12; rating input score 5; 5th percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 47; 47th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 82; 82nd percentile among comparable filings
Growth
- Program expense growth: 14.4% per year; rating input score 100; 75th percentile among comparable filings
- Revenue growth: 11.9% per year; rating input score 100; 72nd percentile among comparable filings
- Asset growth: -0.5% per year; rating input score 0; 17th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 8 of 8 board members independent · 3 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $782K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 9 filing years from 2014 to 2022
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- High — Sustainability: Operating margin scored 10/100.
- High — Sustainability: Total-asset coverage ratio scored 5/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 47/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.