The Eli Home was slated for closure if it could not raise $200,000 by the end of December. Officials said they have seen donations drop off over the years because many of the home's major contributors are focusing more on supporting permanent housing and not transitional shelters.
But some generous donors came through with gifts from $1 up to help save the home last-minute.
"They came from young and old, rich and poor, individuals and businesses. We are overwhelmed by everyone's kindness," said Fernando Negrete, Eli Home president.
The money will be used to pay debt and create a reserve account going into 2013, according to a statement from the home.
The Eli Home has been in operation for nearly 30 years and has helped many women and children in emergency situations.