HOPE HAVEN
Using data as of: September 2016
Rating: CAUTIOUSLY RECOMMEND
About
Hope Haven provides specialized services for children and their families, with treatments for a range of educational, developmental, and mental health concerns. Their many programs include screenings, counseling, therapy, after school educational programs, and a Down syndrome center. They serve more than 5,000 families every year.
More information on Hope Haven can be found here:
https://www.hope-haven.org/
Hope Haven Facebook:
https://www.facebook.com/hopehavenjax/
Our Analysis
Financial information comes from the latest public Form 990 filing.
Financial Overview
Hope Haven had $3.2 million in revenue over the past year according to their latest report. Unfortunately their expenses are larger than the funds they bring in and have had six-figure deficits going back to at least 2012, which are the oldest-dated records we could find.FINANCIAL INFORMATION
| CURRENT YEAR | |
|---|---|
| Contributions | 1,851,868 |
| Program Services | 1,386,242 |
| TOTAL REVENUE | 3,241,939 |
| Salaries & Compensation | 2,425,211 |
| Other Expenses | 994,111 |
| TOTAL EXPENSES | 3,419,322 |
| Revenue Minus Expenses | -177,383 | Totals may include items not listed above |
| END OF YEAR | |
|---|---|
| Assets | 3,865,718 |
| Liabilities | 239,702 |
| NET ASSETS | 3,626,016 |
| Number of employees | 114 |
| Voting board members | 14 |
Income Sources
Of their $3.2 million in revenue, over $1.5 million came from donor contributions while their programs generated almost $1.4 million. Government grants accounted for nearly $300 thousand.INCOME SOURCES
| TOTAL REVENUE | |
|---|---|
| Contributions | 1,557,314 |
| Government Grants | 294,554 |
| Fundraising Events | 0 |
| TOTAL | 1,851,868 |
| Program Revenue | 1,386,242 |
| TOTAL REVENUE | 3,241,939 | Totals may include items not listed above |
Expenses and Philanthropic Spending
Hope Haven looks to be fairly efficient with their spending, with about 89% of spending going to their mission. We like to see a charity spend at least 75% on their mission, so 89% is solid. They also have modest fundraising expenses.EXPENSES
| TOTAL EXPENSES | PROGRAM EXPENSES | ADMIN EXPENSES | FUNDRAISING EXPENSES | |
|---|---|---|---|---|
| Total expenses | 3,419,322 | 3,043,757 | 267,303 | 108,262 |
| Percentage of spending | 89.0% | 7.8% | 3.2% |
In the news
Aug. 18, 2017 - Jacksonville’s Hope Haven nonprofit names Stella Johnson new CEO
http://jacksonville.com/news/metro/2017-08-08/jacksonville-s-hope-haven-nonprofit-names-stella-johnson-new-ceo
Our Conclusion
Hope Haven provides a much needed service. However, they’ve run large deficits the last several years providing this service. A new CEO was installed in 2017 and it will take time to see how effective they are in reducing these deficits. Because of this, we give them a CAUTIOUSLY RECOMMEND rating.
Contact:
Hope Haven
4600 Beach Blvd
Jacksonville, FL 32207
Phone: (904) 346-5100
Hope Haven Form 990 LINK
Financial information comes from the latest Form 990 filing. This review is the opinion of Local Philanthropic and is provided for general information purposes only. Please conduct your own due diligence before donating to any nonprofit.