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Nonprofiteer
← HOPE OF THE VALLEY RESCUE MISSION

Form 990 for tax year 2022

Filed by HOPE OF THE VALLEY RESCUE MISSION.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 13 November 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$49,730,169 changed to $49,061,246
Total expenses
$40,688,656 changed to $40,803,524
Contributions and grants received
$43,744,274 changed to $43,075,352
Other revenue
-$101,814 changed to -$101,815
Total assets, end of year
$83,237,527 changed to $137,884,876
Total liabilities, end of year
$62,861,461 changed to $118,656,072
Net assets or fund balances, end of year
$20,376,066 changed to $19,228,804
Program services expenses
$36,928,352 changed to $37,492,352
Management and general expenses
$1,986,580 changed to $1,538,679
Fundraising expenses
$1,773,724 changed to $1,772,493
Program service expenses (Part III)
$36,928,352 changed to $37,492,352

Totals

Total revenue
$49,730,169
Total expenses
$40,688,656
Contributions and grants received
$43,744,274
Grants paid
$0
Program service revenue
$6,081,913
Investment income
$5,796
Other revenue
-$101,814
Total assets, end of year
$83,237,527
Total liabilities, end of year
$62,861,461
Net assets or fund balances, end of year
$20,376,066
Program services expenses (Part IX)
$36,928,352
Management and general expenses
$1,986,580
Fundraising expenses
$1,773,724
Program service expenses (Part III)
$36,928,352

Program services were 90.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $1,396,894

  • 1e · Government grants (contributions)

    $31,916,445

  • 1f · All other contributions, gifts and grants

    $10,430,935

  • 1g · Noncash contributions included above

    $2,828,909

  • 2a · Program service revenue: THRIFT STORES

    total $6,081,913 · related or exempt $6,081,913

  • 3 · Investment income

    total $5,796 · excluded $5,796

  • 8a · Fundraising events: gross income

    $332,490

  • 8a · Fundraising events: contributions included on line 1c

    $1,396,894

  • 8b · Fundraising events: direct expenses

    $434,304

  • 8c · Net income from fundraising events

    total -$101,814 · excluded -$101,814

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $502,785 · program services $439,790 · management and general $42,541 · fundraising $20,454

  • 7 · Other salaries and wages

    total $17,688,758 · program services $17,081,144 · management and general $236,388 · fundraising $371,226

  • 8 · Pension plan contributions

    total $7,133 · program services $35 · management and general $7,098

  • 9 · Other employee benefits

    total $1,756,664 · program services $1,726,162 · management and general $1,088 · fundraising $29,414

  • 10 · Payroll taxes

    total $1,388,040 · program services $1,340,389 · management and general $18,697 · fundraising $28,954

  • 11b · Fees: legal

    total $4,647 · program services $3,800 · management and general $847

  • 11c · Fees: accounting

    total $8,734 · management and general $8,734

  • 11e · Fees: professional fundraising services

    total $686,429 · fundraising $686,429

  • 11g · Fees: other

    total $8,908,057 · program services $8,529,395 · management and general $68,028 · fundraising $310,634

  • 12 · Advertising and promotion

    total $39,008 · program services $31,999 · management and general $2,037 · fundraising $4,972

  • 13 · Office expenses

    total $1,597,861 · program services $1,329,870 · management and general $62,114 · fundraising $205,877

  • 14 · Information technology

    total $148,035 · program services $79,115 · management and general $15,882 · fundraising $53,038

  • 16 · Occupancy

    total $3,058,014 · program services $3,035,569 · management and general $22,353 · fundraising $92

  • 17 · Travel

    total $192,155 · program services $177,341 · management and general $4,596 · fundraising $10,218

  • 19 · Conferences, conventions and meetings

    total $69,254 · program services $23,576 · management and general $10,980 · fundraising $34,698

  • 20 · Interest

    total $535,632 · program services $312,549 · management and general $223,083

  • 22 · Depreciation, depletion and amortization

    total $985,601 · management and general $985,601

  • 23 · Insurance

    total $293,034 · program services $215,729 · management and general $77,305

  • 24a · Other expenses: CLIENT SPECIFIC ASSISTA

    total $1,011,393 · program services $1,010,164 · fundraising $1,229

  • 24b · Other expenses: DONATED MATERIALS/SUPPL

    total $974,363 · program services $974,363

  • 24c · Other expenses: REPAIR & MAINTENANCE

    total $691,804 · program services $608,569 · management and general $73,746 · fundraising $9,489

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $124,281 · management and general $124,281

  • 24e · All other expenses

    total $16,974 · program services $8,793 · management and general $1,181 · fundraising $7,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,053,474 · end of year $35,759,283

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $25,447

  • 3 · Pledges and grants receivable

    beginning of year $6,219,535 · end of year $13,900,279

  • 8 · Inventories for sale or use

    beginning of year $573,289 · end of year $877,146

  • 9 · Prepaid expenses and deferred charges

    beginning of year $656,321 · end of year $308,655

  • 10a · Land, buildings and equipment: cost or other basis

    $34,770,986

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,738,200

  • 10c · Land, buildings and equipment, net

    beginning of year $13,961,245 · end of year $32,032,786

  • 14 · Intangible assets

    beginning of year $0 · end of year $12,655

  • 15 · Other assets

    beginning of year $0 · end of year $321,276

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,656,204 · end of year $3,123,007

  • 18 · Grants payable

    beginning of year $0 · end of year $3,416,704

  • 19 · Deferred revenue

    beginning of year $0 · end of year $33,806,009

  • 23 · Secured mortgages and notes payable

    beginning of year $8,259,107 · end of year $17,461,625

  • 25 · Other liabilities

    beginning of year $575,008 · end of year $5,054,116

  • 27 · Net assets without donor restrictions

    beginning of year $10,641,045 · end of year $20,376,066

  • 28 · Net assets with donor restrictions

    beginning of year $332,500 · end of year $0

Mission and programs · 2022

Mission

TO ATTRACT PEOPLE/RESOURCES TO ASSIST THE NEEDS OF EVERY HUNGRY HOMELESS PERSON IN THE VALLEY.

  • HOPE THE MISSION OPERATES SEVERAL RESIDENTIAL FACILITIES INCLUDING THE GENESIS HOUSE FOR HOMELESS FAMILIES, THE HOUSE OF HOPE FOR MEN RECOVERING FROM ADDICTION, AND TWO TRANSITIONAL BRIDGE HOUSING SHELTERS FOR MEN AND WOMEN WHILE LOCATING PERMANENT HOUSING. ADDITIONALLY, THE MISSION OPERATES THE HELP CENTER IN VAN NUYS AND THE NAVIGATION CENTER IN NORTH HOLLYWOOD WHICH OFFERS EMERGENCY SERVICES TO HOMELESS INDIVIDUALS LIVING ON THE STREETS SUCH AS SHOWERS, HOT MEALS, CLEAN CLOTHES AND CASE MANAGEMENT.

    Expenses $32,365,052

  • HOPE THE MISSION THRIFT STORES ARE A VITAL PART OF OUR PROGRAMMING, PROVIDING JOB TRAINING FOR THE MEN AND WOMEN IN OUR VARIOUS PROGRAMS. CLIENTS LEARN RESPONSIBILITY, CLEANLINESS, INVENTORY, CUSTOMER SERVICE, ACCOUNTING AND SALES. THE THRIFT STORES ALSO PROVIDE MUCH NEEDED CLOTHING AND HOUSEHOLD ITEMS AT GREATLY REDUCED PRICES FOR THE ECONOMICALLY CHALLENGED IN OUR COMMUNITY. THRIFT STORE DONATIONS ARE ALSO USED TO PROVIDE CLOTHING FOR OUR SHOWER PROGRAMS AND HOUSEHOLD ITEMS FOR INDIVIDUALS AND FAMILIES MOVING INTO PERMANENT HOUSING.

    Expenses $4,161,694 · Revenue $6,081,913

  • HOPE THE MISSION OPERATES THREE ADULT SHELTERS: THE 87 BED RAYMER SHELTER THAT OPENED IN JUNE 2020, THE 100 BED VAN NUYS BRIDGE HOME SHELTER, AND THE COLD WEATHER SHELTER IN THE SAN FERNANDO VALLEY. FURTHERMORE, HOPE THE MISSION OPERATES THREE FAMILY SHELTERS WITH A TOTAL OF 130 BEDS AND A TRANSITIONAL AGE YOUTH SHELTER WITH 30 BEDS. EACH CLIENT RECEIVES A WARM, SAFE PLACE TO SLEEP, A HOT DINNER AND BREAKFAST AS WELL AS CASE MANAGEMENT TO ASSIST THEM WITH STRATEGIES AND SOLUTIONS TO END THEIR HOMELESSNESS. THE MISSION ALSO OPERATES 6 TINY HOME SHELTERS IN DIFFERENT AREAS.

    Expenses $401,606

As filed on the 2022 return.

Listed in Part VII

  • STEPHEN MORSE

    COO

    Total calculated
    $173,692
    From this org
    $154,360
    From related orgs
    $0
    Other
    $19,332
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $134,155
    Bonus
    $20,205
    Other
    $0
    Deferred
    $6,500
    Nontaxable benefits
    $12,832
    Filer's total
    $173,692

  • ROWAN VANSLEVE

    PRESIDENT AND CFO

    Total calculated
    $165,761
    From this org
    $156,704
    From related orgs
    $0
    Other
    $9,057
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $140,000
    Bonus
    $16,704
    Other
    $0
    Deferred
    $6,500
    Nontaxable benefits
    $2,557
    Filer's total
    $165,761

  • KEN CRAFT

    CEO

    Total calculated
    $163,332
    From this org
    $59,965
    From related orgs
    $0
    Other
    $103,367
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $59,965
    Bonus
    $0
    Other
    $0
    Deferred
    $6,500
    Nontaxable benefits
    $96,867
    Filer's total
    $163,332

  • LAURIE CRAFT

    CPO

    Total calculated
    $151,299
    From this org
    $130,147
    From related orgs
    $0
    Other
    $21,152
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $130,147
    Bonus
    $0
    Other
    $0
    Deferred
    $6,500
    Nontaxable benefits
    $14,652
    Filer's total
    $151,299

  • TISHA SHOEMAKE

    SR. DIRECTOR OF FINANCE & ACCOUNTING

    Total calculated
    $122,067
    From this org
    $115,794
    From related orgs
    $0
    Other
    $6,273
    Hours/week
    50

  • THERESA JACKSON

    CHAIRWOMAN

    Total calculated
    $0
    Hours/week
    6

  • JOSIE LOWE

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • JOYCE WHITE

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • FEBE ADAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • TROY BAGWELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • JEFF BIEDERMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BIBLIANA BOVERY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • TED GARTNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • STEVE GODDARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JIM LEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ASIF MAHMOOD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DAVE REYNA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • TIM WINTERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • TERESA WOLFE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 7 · Other non-fixed payments

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE CEO RECEIVED NONTAXABLE HOUSING ALLOWANCE OF $83,000.
PART I, LINE 7
THE COO AND CFO RECEIVED A DISCRETIONARY BONUS AT THE END OF THE TAX YEAR. THE BONUS WAS INCLUDED IN FORM W-2 AND REPORTED ON SCHEDULE J, PART II, COLUMN B(II).

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202303199349330165

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