Freehold Area Open Door Inc
- Assets
- $180.6k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 3
- Location
- Freehold, NJ
- Founding
- 06/1988
- Data as of
- 12/2023
- EIN
- 22-2796807
Organization Overview
Freehold Area Open Door Inc is located in Freehold, NJ. The organization was established in 1988. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Freehold Area Open Door Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freehold Area Open Door Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Freehold Area Open Door Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 17.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION IS A FOOD PANTRY AND RESOURCE AND REFERRAL AGENCY SERVING PEOPLE IN NEED. EMERGENCY FINANCIAL ASSISTANCE FOR PEOPLE FACING EVICTION, UTILITY SHUT-OFFS, TRANSPORTATION AND PRESCRIPTION ASSISTANCE. AFTER SCHOOL PROGRAM OFFERING HOMEWORK ASSISTANCE FOR THOSE IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD PANTRY AND ADVOCACY PROGRAM: (FOOD PANTRY)DISTRIBUTION OF FOOD AND HOUSEHOLD SUPPLIES TO FAMILIES IN NEED. (ADVOCACY PROGRAM)RENTAL AND UTILITY ASSISTANCE, PRESCRIPTIONS, AND TRANSPORTATION SUPPORT TO AREA FAMILIES THAT MEET PROGRAM CRITERIA.
(AFTER SCHOOL/SCHOLARSHIP PROGRAM) OUR AFTER SCHOOL PROGRAM ASSISTS ELEMENTARY SCHOOL STUDENTS WITH THEIR HOMEWORK AND OFFERS A SCHOLARSHIP FOR THOSE THAT QUALIFTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geralyn Fragetta-Drury Executive Director | OfficerTrustee | 40 | $62,781 |
Victa Mc Kenzie President | OfficerTrustee | 1 | $0 |
Mark Willis Vice President | OfficerTrustee | 1 | $0 |
Adewale Akinrinde Treasurer | OfficerTrustee | 1 | $0 |
Mimma Finger Corresponding Secretary | OfficerTrustee | 1 | $0 |
Doreen Rivell Recording Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $106,562 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,372,073 |
| Noncash contributions included in lines 1a–1f | $1,133,180 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,478,635 |
| Total Program Service Revenue | $0 |
| Investment income | $209 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,478,844 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,239 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $127,537 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,332 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,933 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,259 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,000 |
| Insurance | $9,086 |
| All other expenses | $11,139 |
| Total functional expenses | $1,504,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $168,170 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $8,758 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,625 |
| Total assets | $180,553 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $114,512 |
| Net assets with donor restrictions | $66,041 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $180,553 |