Opendoors
- Assets
- $4.9m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 35
- Location
- Providence, RI
- Founding
- 12/2002
- Data as of
- 06/2022
- EIN
- 52-2374370
Organization Overview
Opendoors is located in Providence, RI. The organization was established in 2002. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 06/2022, Opendoors employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opendoors 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 06/2022, Opendoors generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. While expenses have increased by 2.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST EX-OFFENDERS IN RETURNING TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT AND ASSIST REINTEGRATION OF EX-OFFENDERS RETURNING TO THE COMMUNITY BY PREPARING THEM PRIOR TO RELEASE AND PROVIDING SUPPORT SERVICES DURING THE POST RELEASE PERIOD UP TO ONE YEAR.
OPERATION OF A MULTI-FAMILY, 19 UNIT APARTMENT COMPLEX TO PROVIDE HOUSING FOR EX-OFFENDERS.
A SOCIAL VENTURE TO TRAIN EX-OFFENDERS HOW TO DRIVE FREIGHT DELIVERY TRUCKS AND HIRE THEM IN TRANSITIONAL JOBS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Horwitz Chairman | Officer | $0 | |
Mike Speidel Treasurer | Officer | $0 | |
Kayla Hanaway-Quinlan Secretary | Officer | $0 | |
Reverend Chontell Nelson Washington Vice-Chairma | Officer | $0 | |
Joseph Benton Director | Trustee | $0 | |
Luis Estrada Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $471,573 |
| All other contributions, gifts, grants, and similar amounts not included above | $861,733 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,333,306 |
| Total Program Service Revenue | $350,948 |
| Investment income | $592 |
| 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 | $1,684,846 |
| 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 | $516,826 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $62,333 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,084 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,107 |
| Advertising and promotion | $0 |
| Office expenses | $10,198 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $118,195 |
| Travel | $5,134 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,748 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $124,524 |
| Insurance | $45,044 |
| All other expenses | $23,959 |
| Total functional expenses | $1,227,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $527,756 |
| Savings and temporary cash investments | $129,132 |
| Pledges and grants receivable | $144,419 |
| Accounts receivable, net | $22,327 |
| 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 | $26,071 |
| Net Land, buildings, and equipment | $4,046,317 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,242 |
| Total assets | $4,902,264 |
| Accounts payable and accrued expenses | $115,422 |
| Grants payable | $0 |
| Deferred revenue | $271,036 |
| 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 | $2,204,954 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,240 |
| Total liabilities | $2,594,652 |
| Net assets without donor restrictions | $1,569,144 |
| Net assets with donor restrictions | $738,468 |
| 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 | $4,902,264 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Opendoors has recieved totaling $383,727.
| Awarding Organization | Amount |
|---|---|
The Rhode Island Community Foundation Providence, RI PURPOSE: DISCHARGE PLANNING, REENTRY HOUSING AND HOMELESS OUTREACH; COVID-19 VACCINATION INCENTIVE FUND GRANT; OPENDOORS EMPLOYMENT PROGRAM; OPENDOORS RE-ENTRY HOUSING; OPENDOORS RE-ENTRY HOUSING; WOMEN'S REENTRY TRANSITIONAL HOUSE; GENERAL OPERATING | $205,000 |
United Way Of Rhode Island Inc Providence, RI PURPOSE: DESIGNATED DONATION/GRANT | $116,725 |
National Religious Campaign Against Torture Washington, DC PURPOSE: SUPPORT PROJECTS TO REDUCE SOLITARY CONFINEMENT | $49,297 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $10,200 |
Verizon Foundation Basking Ridge, NJ PURPOSE: OPENDOORS TRUCKING | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Services Inc Dayville, CT | $3,965,594 | $17,625,603 |
Child And Family Agency Of Southeastern Connecticut Inc New London, CT | $12,921,449 | $16,904,528 |
Project Hope Boston Inc Roxbury, MA | $9,700,637 | $15,440,351 |
Leo Inc Lynn, MA | $14,551,712 | $12,741,162 |
Fcp Inc Lawrence, MA | $5,245,913 | $11,316,943 |
Klingberg Comprehensive Family Services Inc New Britain, CT | $2,451,904 | $8,586,410 |
Lifebridge Community Services Inc Bridgeport, CT | $3,971,886 | $9,629,433 |
Child And Family Services Of Newport County Middletown, RI | $21,104,258 | $10,733,414 |
Tides Family Services Inc West Warwick, RI | $9,632,275 | $8,151,296 |
Jewish Family Service Of Greater Hartford Inc West Hartford, CT | $2,190,864 | $6,921,826 |
Centering Healthcare Institute Inc Boston, MA | $11,128,825 | $4,335,740 |
Bridges Homeward Inc Cambridge, MA | $10,406,605 | $6,420,997 |