Open New York Inc

Nonprofit profile at a glance

EIN
843756425
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-EZ 2020
Location
New York, NY, USA
Phone
2027474897
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Alliance/Advocacy Organizations

Official website

Reported finances

Revenue
$2,165,971
Expenses
$1,324,447
Assets
$3,025,998
Liabilities
$130,040

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • MICHELLE KUPPERSMITH (PRESIDENT)
  • ANNEMARIE GRAY (EXECUTIVE DIRECTOR)

Highest reported compensation

  • ANNEMARIE GRAY (EXECUTIVE DIRECTOR): $201,000 total reported compensation
  • ASIA THOMAS (DIRECTOR OF ORGANIZING): $152,718 total reported compensation
  • LOGAN PHARES (POLITICAL DIRECTOR): $148,818 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 New York is a grassroots non-profit working to solve New York's housing crisis. We advocate for policy changes across the state that will allow for more housing options in every neighborhood. Open New York believes in homes for all and homes (continued on schedule o) of all types - from social and government-subsidized housing to market-rate options. Our vision is a state where housing laws and policies support inclusive, stable communities, not exclusive neighborhoods and unaffordable living. Through advocacy and organizing, open New York is committed to a better New York that is affordable and accessible to all.

What it reported doing in 2024

Open New York educates the public about New York's dire housing shortage and advocates for comprehensive solutions to this crisis.

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 77% for direct work, and 23% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 75
  • Accountability: 95
  • Sustainability: 69
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 52.3%; rating input score 52
  • Program expense ratio: 85.5%; rating input score 85
  • Fundraising efficiency: $69.95 raised per $1 spent on fundraising; rating input score 83; 83rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd 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: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 38.9%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 2.28; rating input score 66; 66th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 72; 72nd percentile among comparable filings
  • Officer compensation ratio: 59.4%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: 39.6% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: 43.1% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: 44.2% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: 52.3% of revenue deployed · 85.5% of spending went to programs
  • Governance: 4 of 4 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.1M in reported program spending
  • Leadership: top reported pay $201K · 9 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 52/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Officer compensation ratio scored 1/100.