Better Business Bureau Report for
A Safe Haven Foundation

Better Business Bureau Report issued April 2014
Better Business Bureau Report expires April 2016


Does not meet one or more standards
This charity does not meet one or more of the 20 standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: A Safe Haven Foundation
Address: 2750 W Roosevelt Road
  Chicago, IL 60608
Phone: 773-435-8300
Web Address: www.asafehaven.org
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Better Business Bureau Comments

Year, State Incorporated: 2001, Illinois
Affiliates: KMA Holdings V, LLC
Stated Purpose: The Corporation shall provide support and assistance to children, families and adults who are homeless or in jeopardy of homelessness, suffer from substance abuse and/or mental health conditions or other debilitating social or emotional health conditions. The Corporation shall also provide support through furnishing structured living environments (including transitional and permanent supportive housing) and supporting activities that support low income housing that include the rehab and development of that housing for the populations that they serve.

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Evaluation Conclusions

              

A Safe Haven Foundation does not meet the following Standard for Charity Accountability.

Standard 9: Fund Raising Expense Ratio - Spending should be no more than 35% of related contributions on fund raising. Related contributions include donations, legacies, and other gifts received as a result of fund raising efforts.

A Safe Haven Foundation does not meet this Standard because:

  • According to its audited financial statements for the fiscal year ended June 30, 2013, the organization's fund raising costs were 113% ($623,210) of related contributions, which totaled $551,743.
A Safe Haven Foundation meets the remaining 19 Standards for Charity Accountability.
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Programs

              

Homeless shelter; Low income housing including transitional and long term housing options: Adult educational opportunities; workforce development activities directed at finding and maintaining employment for the populations that they serve.

For the fiscal year ended June 30, 2013, A Safe Haven Foundation's program expenses were:

  
Total Program Expenses: $
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Governance

              

Chief Executive : Sterling Gildersleeve, Executive Director of Programs and Operations
Compensation*: 
$95,100

Highest Paid Executive: Sterling Gildersleeve,Executive Director of Programs and Operations
Compensation*: $95,100

Chair of the Board: Neli Vazquez-Rowland
Chair's Profession / Business Affiliation: President

Board Size: 5

Paid Staff Size: 110

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

direct mail, grant proposals
Fund raising costs were 113% of related contributions. (Related contributions, which totaled $551,743, are donations received as a result of fund raising activities.)
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on A Safe Haven Foundation's audited financial statements for the fiscal year ended June 30, 2013.

Source of Funds  
Service Contracts 6,516,237
Rental Income 1,385,609
Social Enterprise Revenue 1,354,933
Project Fees Rebate 1,000,000
Tax Incremental Fund Revenue 755,634
Contributions 551,743
Management Fees 117,494
Other Income 34,370
Total Income $11,716,020


chart



Uses of Funds as a % of Total Expenses

Programs: 79%  Fund Raising: 6%  Administrative: 15% 

Total income $11,716,020
Program expenses $8,234,587
Fund raising expenses 623,210
Administrative expenses 1,579,940
Total expenses $10,437,737
Income in Excess of Expenses 1,278,283
Beginning net assets 1,024,665
Ending net assets 2,302,948
Total liabilities 17,078,990
Total assets $19,381,938


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

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