Opendoor Housing Fund
- Assets
- $2.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Potomac, MD
- Founding
- 06/2003
- Data as of
- 06/2021
- EIN
- 30-0155183
Organization Overview
Opendoor Housing Fund is located in Potomac, MD. The organization was established in 2003. According to its NTEE Classification (L12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opendoor Housing Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPENDOOR HOUSING FUND PROMOTES SUSTAINABLE ECONOMIC AND COMMUNITY DEVELOPMENT BY PROVIDING FUNDS FOR HOME OWNERSHIP AND RENTAL HOUSING FOR WORKING FAMILIES AND SPECIAL NEEDS POPULATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES LOANS TO SUPPORT THE ACQUISITION, REHABILITATION, ONWERSHIP AND OPERATION OF AFFORDABLE RESIDENTIAL HOUSING FOR LOW INCOME PERSONS AND FAMILIES IN THE WASHINGTON DC AREA
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Cardona Chairperson, Acting Secretary | OfficerTrustee | 1 | $0 |
Joyce Moy Vice Chairperson | OfficerTrustee | 1 | $0 |
John K Mcdermott Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $0 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $2,754 |
| 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 | $208 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,228 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,228 |
| 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 | $322,062 |
| Other liabilities | $0 |
| Total liabilities | $322,062 |
| Net assets without donor restrictions | -$338,480 |
| Net assets with donor restrictions | $18,646 |
| 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 | $2,228 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Washington Area Community Investment Fund Inc Washington, DC | $14,906,500 | $7,620,930 |
Brethren Home Foundation New Oxford, PA | $93,081,765 | $10,604,405 |
Community Lenders Community Development Corporation Souderton, PA | $50,531,502 | $2,129,949 |
St Josephs Villa Foundation Richmond, VA | $27,697,790 | $1,723,000 |
Friends Of The Light House Shelter Inc Annapolis, MD | $129,412 | $360,459 |
National Lutheran Home For The Aged Incorporated Frederick, MD | $91,975,330 | $1,994,503 |
Faithworks Inc Winchester, VA | $18,501 | $230,860 |
Luther Foundation Of Southern Chester County Inc Unionville, PA | $1,419,392 | $238,986 |
Danville Lions Foundation Inc Danville, VA | $3,088 | $202,004 |
The Donorsee Foundation Fairfax Station, VA | $2,756 | $0 |
Arkadia Triangle Fund Warminster, PA | $6,264 | $44,077 |
Old Soldiers Home Foundation Inc Washington, DC | $111,839 | $0 |