HAVEN OF HOPE

EIN: 841479555 501(c)(3) Philanthropy & Grantmaking

DENVER, CO

Total Revenue
$1,687,423
Total Expenses
$1,889,695
Total Assets
$3,713,901
Net Assets
$3,053,125
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
CO
Principal Officer
ONDREA TRAHAN
Phone
3036070855
Tax Period
2023-01-01 to 2023-12-31

HAVEN OF HOPE, founded in 2003, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.7M in total revenue in fiscal year 2023. Expenses of $1.9M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO FEED AND CLOTHE THE HOMELESS.

Program Service Accomplishments

Program 1
Expenses: $1,712,138 Revenue: $5,687

THERE IS A SIGNIFICANT NEED FOR SERVICES GEARED TOWARDS HOMELESS INDIVIDUALS THROUGHOUT COLORADO. DATA FROM METRO DENVER HOMELESS INITIATIVE'S 2019 POINT IN TIME SURVEY REPORTED OVER 5,700...

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THERE IS A SIGNIFICANT NEED FOR SERVICES GEARED TOWARDS HOMELESS INDIVIDUALS THROUGHOUT COLORADO. DATA FROM METRO DENVER HOMELESS INITIATIVE'S 2019 POINT IN TIME SURVEY REPORTED OVER 5,700 INDIVIDUALS EXPERIENCING HOMELESSNESS IN THE DENVER METRO AREA. 43% OF METRO DENVER RESIDENTS REPORTED HAVING FAMILY OR FRIENDS WHO HAVE EXPERIENCED HOMELESSNESS. DUE TO THE PREVALENCE OF HOMELESSNESS, HAVEN OF HOPE CONTINUES THE CHARGE TO PROVIDE MUCH NEEDED BASIC EMERGENCY AID, AS WELL AS SUPPORTIVE SERVICES TO A HIGHLY VULNERABLE POPULATION.HAVEN OF HOPE HAS LEARNED THAT INITIALLY MEETING TANGIBLE NEEDS IS AN EFFECTIVE STRATEGY FOR BUILDING TRUST AND PERSONAL RELATIONSHIP WHICH ULTIMATELY LEADS TO CLIENTS PARTICIPATING IN WORK TRAINING, FINDING GAINFUL EMPLOYMENT, AND EVENTUALLY PERMANENT HOUSING. WHILE OTHER ORGANIZATIONS DO SERVE DENVER'S HOMELESS POPULATION, FEW HAVE THE CAPACITY TO SERVE OVER 800 MEALS A DAY, WHILE ALSO COMPREHENSIVELY ADDRESSING BASIC NEEDS AND EMPLOYMENT SUPPORT. HAVEN OF HOPE IS THE ONLY PLACE WHERE CLIENTS CAN TAKE A PRIVATE SHOWER AND ONE OF THE FEW PLACES WHERE LAUNDRY SERVICES ARE OFFERED FREE OF CHARGE. HAVEN OF HOPE WORKS CLOSELY WITH OTHER DENVER AGENCIES TO AVOID UNNECESSARY DUPLICATION OF SERVICES. ONE OF THE SIGNATURE SERVICES HAVEN OF HOPE OFFERS IS RESTAURANT-STYLE MEALS. RATHER THAN WAITING IN LINE FOR THEIR FOOD, GUESTS ARE SEATED AND SERVED A MEAL BY VOLUNTEERS AND STAFF, RESTORING A SENSE OF DIGNITY. HAVEN OF HOPE PROVIDES HOT BREAKFAST, A HOT FOUR COURSE LUNCH, AND A SACK LUNCH FOR CLIENTS WHO WORK IN THE COMMUNITY. HAVEN OF HOPE ASSISTS CLIENTS IN STAYING CONNECTED TO THE COMMUNITY BY PROVIDING PHONE SERVICE, INTERNET ACCESS, AND MAILBOXES FOR RECEIVING WRITTEN CORRESPONDENCE AND SECURING IMPORTANT DOCUMENTS. HAVEN OF HOPE ALSO PROVIDES ANCILLARY SERVICES, SUCH AS AN EYE CLINIC, DENTAL SERVICES, MENTAL HEALTH COUNSELING, WOUND CARE, AND COMPLEMENTARY INTEGRATIVE HEALTH OFFERINGS SUCH AS YOGA, ACUPUNCTURE AND MASSAGE THERAPY. DUE TO EXPOSURE TO THE ELEMENTS, UNSANITARY CONDITIONS, MALNUTRITION, STRESS AND ADDICTIVE SUBSTANCES, HOMELESS PERSONS ARE MUCH MORE LIKELY TO SUFFER FROM A MYRIAD OF HEALTH PROBLEMS. THOSE IN NEED OF TREATMENT OFTEN FAIL TO RECEIVE ADEQUATE CARE DUE TO LACK OF ACCESS TO HEALTH INSURANCE AND KNOWLEDGE ABOUT THE AVAILABILITY AND LOCATION OF TREATMENT FACILITIES. PSYCHOLOGICAL BARRIERS, SUCH AS EMBARRASSMENT AND SELF-CONSCIOUSNESS ABOUT APPEARANCE AND HYGIENE WHEN LIVING ON THE STREETS, ALSO PREVENT MANY HOMELESS PEOPLE FROM SEEKING TREATMENT WHEN ILL. THE ADDITION OF THESE SERVICES BOLSTERS HAVEN OF HOPE'S EFFORTS TO PROVIDE A CONTINUUM OF CARE AND SUPPORT TO EMPOWER MARGINALIZED INDIVIDUALS TO SUPPORT THEMSELVES AND THRIVE. ADDITIONALLY, THE AGENCY CREATES ACCESS TO EMPLOYMENT OPPORTUNIITES FOR THE HOMELESS BY OFFERING WORK WITHIN HAVEN OF HOPE. CURRENTLY 10 PARTIICIPANTS WORK AS FULL-TIME EMPLOYEES WITH BENEFITS IN THE CUSTODIAL, LAUNDRY, AND GUEST SERVICES DEPARTMENTS. AS THEY WORK, CLIENTS LEARN AND PRACTICE SKILLS THAT CAN HELP LEAD THEM TO HIGHER-PAYING JOBS. CLIENTS ARE EMPOWERED BY THE INVESTMENT THE STAFF IS MAKING IN THEM, AS WELL AS BY THE INVESTMENT THEY ARE MAKING IN THEMSELVES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,485,496
Program Service Revenue $0
Investment Income $1,901
Other Revenue $200,026
TOTAL REVENUE $1,687,423

Expense Breakdown

Grants Paid $0
Salaries & Benefits $961,039
Fundraising Expenses $99,813
Program Expenses $1,712,138
Other Expenses $928,656
TOTAL EXPENSES $1,889,695

Year-over-Year Comparison

2023 2022 Change
Revenue $1,687,423 $1,666,111 +0.0%
Expenses $1,889,695 $1,950,333 0.0%
Net Income $-202,272 $-284,222 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
22
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DON GALLEGOS DIRECTOR 5.00
Director
$0 $0 $0
CHRIS JONES DIRECTOR 5.00
Director
$0 $0 $0
MARY KLEIN DIRECTOR 5.00
Director
$0 $0 $0
THOMAS GOULD DIRECTOR 5.00
Director
$0 $0 $0
ANDREW HINNERS DIRECTOR 5.00
Director
$0 $0 $0
ANDRE WILKIE PRESIDENT OF THE BOARD 5.00
Officer
$0 $0 $0
JOHN ALDERMAN VICE-CHAIRMAN 5.00
Officer
$0 $0 $0
MATTHEW ZEMAN CHAIRMAN 5.00
Officer
$0 $0 $0
ERIC NAKAYAMA SECRETARY 5.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,687,423 $1,889,695 $3,713,901 $-202,272
2022 $1,666,111 $1,950,333 $3,988,854 $-284,222
2021 $2,141,001 $1,919,334 $4,585,680 $221,667
2020 $1,571,280 $1,587,369 $3,688,694 $-16,089
2019 $1,486,985 $1,453,634 $3,681,957 $33,351
2018 $1,297,397 $1,560,020 $3,651,126 $-262,623
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