Better Business Bureau Report for
A Safe Haven Foundation

Better Business Bureau Report issued January 2016
Better Business Bureau Report expires January 2018


This BBB Accredited charity meets all 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, KMA Holdings VIII, 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 is a social business enterprise. In calculating the Fund Raising Expense Ratio, the BBB does not take into consideration revenues from the social enterprise businesses and the resulting development and marketing expenses that are required to be expended and that contribute to the sustainability of the organization. The development and fundraising expenses reflect marketing and holding events that actually resulted in A Safe Haven Foundation exceeding the BBB fundraising objectives beyond the $551,743 reflected here to over $5,000,000 in revenues, meaning the actual ratio of funds raised is 500% over costs versus the 113% costs over funds raised ratio reported here.
A Safe Haven Foundation meets the 20 Standards for Charity Accountability.
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Programs

              

A Safe Haven is a not for profit social and economic development model that addresses the root causes of poverty and homelessness including: shelter, food, education, behavioral healthcare and other healthcare services, as well as access to social enterprises that create employment and provide permanent housing opportunities. 55% percent of A Safe Haven Foundation’s funding is derived from government grants and contracts, and 35% is generated by the social business enterprises that help fund the job training and employment opportunities provided to residents to achieve maximum sustainability.

For the fiscal year ended June 30, 2015, A Safe Haven Foundation's program expenses were:

  
Program Expenses 19,534,027
Total Program Expenses: $19,534,027
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Governance

              

Chief Executive : Neli Vazquez-Rowland, Executive Director of Programs and Operations
Compensation*: 
$95,100

Highest Paid Executive: Neli Vazquez-Rowland,Executive Director of Programs and Operations
Compensation*: $175,000

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

Board Size: 5

Paid Staff Size: 98

*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 19% of related contributions. (Related contributions, which totaled $2,623,608, 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 8,849,252
Social Enterprise Revenue 5,064,370
Rental Income 3,396,349
Contributions 2,623,608
Tax Incremental Fund Revenue 755,634
Other Revenue 580,524
Developer Fees 364,000
Total Income $21,633,737


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Uses of Funds as a % of Total Expenses

Programs: 88%  Fund Raising: 2%  Administrative: 10% 

Total income $21,633,737
Program expenses $19,534,027
Fund raising expenses 500,427
Administrative expenses 2,147,782
Total expenses $22,182,236
Expenses in Excess of Income (548,499)
Beginning net assets 2,690,148
Other Changes in Net Assets 6,919,363
Ending net assets 9,589,427
Total liabilities 25,352,194
Total assets $34,941,621


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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.

This report is not to be used for fund raising or promotional purposes.

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