Open Doors Solutions Inc
Nonprofit profile at a glance
- EIN
- 830841949
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024
- Location
- Atlanta, GA, USA
- Phone
- 6788522371
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $1,807,830
- Expenses
- $3,111,378
- Assets
- $4,167,062
- Liabilities
- $316,105
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
26 people listed
Executive titles in this filing
- Aaron Goldman (President (Chair))
- Mathew Hurd (Executive Director)
Highest reported compensation
- Mathew Hurd (Executive Director): $176,780 total reported compensation
- JT Liddell (Director of Product and Technology): $153,616 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Open Doors mission is to make connections between non-profits that serve those exiting homelessness and property owners seeking residents to ensure that homes will always be avialable for those in need.
What it reported doing in 2024
Housing SupportsOpen Doors has applied the successful housing process developed for agencies working households exiting homelessness and applied it to a program called Housing Support Navigation. This program directly serves consumers who don't have case management support, but are experiencing housing insecurity. Through pilot programs with the Home Depot Foundation, Veteran Affairs at Fort McPherson, the City of Atlanta Housing Help Center, and other organizations, Open Doors provided "light-touch" housing navigation services. This includes unit location, lease execution, and post-placement supports to ensure housing stability. These pilot programs housed 133 people in 2024.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 76% for direct work, and 24% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 79
- Accountability: 90
- Sustainability: 26
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 81.1%; rating input score 81
- Fundraising efficiency: $3.81 raised per $1 spent on fundraising; rating input score 12; 12th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -72.1%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 1.34; rating input score 52; 52nd percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 46; 46th percentile among comparable filings
- Officer compensation ratio: 10.6%; rating input score 35; 35th percentile among comparable filings
Growth
- Program expense growth: 19.6% per year; rating input score 100; 82nd percentile among comparable filings
- Revenue growth: 7.7% per year; rating input score 100; 58th percentile among comparable filings
- Asset growth: 19.8% per year; rating input score 100; 81st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 81.1% of spending went to programs
- Governance: 24 of 24 board members independent · 6 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $2.5M in reported program spending
- Leadership: top reported pay $177K · 26 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $101K reported
- Consistency: 31 of 31 current checks pass
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 5 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 12/100.
- High — Sustainability: Operating margin scored 2/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- Review — Sustainability: Total-asset coverage ratio scored 52/100.
- Moderate — Sustainability: Officer compensation ratio scored 35/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 46/100.