Open Doors Solutions INC EIN 83-0841949 Form 990 (PDF) Claim this org

Open Doors Solutions INC

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Connects property owners with nonprofits to house people exiting homelessness. For fiscal year 2024 it reported $1.8M in revenue, $3.1M in expenses, and $3.9M in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Atlanta, GA
Website
opendoorsatl.org
Filings
6 on file (2019–2024)
Revenue
$1.8MFY2024
Expenses
$3.1M
Net assets
$3.9M
People
26
Filings
6
Updates
0
More identity details & actions ⌄
EIN  83-0841949 Public charity (501(c)(3)) Atlanta, GA
Form 990 (PDF)
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Figures match the IRS filing checked 9/13/26 · see original: IRS
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Size
$1–10M
What they do
Connects property owners with nonprofits to house people exiting homelessness.
Leadership
Mathew Hurd · Executive Director · $176K
Money in and out
$1.8M revenue, $3.1M expenses
Bottom line
81% program efficiency
Where the money goes · FY2024
Total revenue
$1.8M
Pt VIII · Ln 12
Total expenses
$3.1M
Pt IX · Ln 25
Net assets
$3.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$1.3M
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.13 Fundraising $0.06
Program efficiency
81%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
13.7mo
months of highly liquid reserves at operating expense rate▼ -2% vs prior filing year
Surplus margin
-72%
revenue over expenses, this year▼ -1679% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.8M
FY2024▼ -35%
Expenses
$3.1M
FY2024▲ +7%
Total assets
$4.2M
FY2024▼ -24%
Total liabilities
$316K
FY2024▼ -9%
Total revenue
$1.8M
Pt VIII · Ln 12
Total expenses
$3.1M
Pt IX · Ln 25
Net assets
$3.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$1.3M
Total assetsPt X · Ln 16$4.2M
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 324
Independent voting membersPt I · Ln 424
Mission & Programs · Part III

Where the work happens

3 program services account for $2.5M of program spending, described in the organization's own filed words · FY2024.
01

Property NavigationThe Open Doors property navigation program is the core and vital front-line service that recruits properties and management companies for the Open Doors portfolio. Open Doors has continued to grow and expand.

$1.4Mprogram expense
02

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.

$952Kprogram expense
03

TechnologyOpen Doors continue to showcase a large portfolio of available and affordable rental units through groundbreaking web applications. With our technology solutions, our partners report finding available units and obtaining approvals in under four weeks on average.

$199Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COpen Doors Solutions INC
EINHdr · item D83-0841949
Principal addressHdr · item CAtlanta, GA
WebsiteHdr · item Jopendoorsatl.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFAug 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a24
Independent voting membersPt VI · Ln 1b24
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$176,000Pt VII · Sec A
Director of Product and Technology
$153,616Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Mathew Hurd’s $176K as Executive Director is at the 83rd percentile of top reported officer pay among 3864 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020FY2019
Mathew Hurd$176,000$165,000
Jt Liddell$153,616
Mathew Hurd$150,956$131,770
Carl Patten II$120,000
Matthew Hurd$117,954$115,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$1.0M · 56%
Contributions & grants$654K · 36%
Investment income$145K · 8%
Program service revenue56%$1.0M
Contributions & grants36%$654K
Investment income8%$145K
Other revenue$429
Total revenueLn 12$1.8M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.13 Fundraising $0.06
Program services81%$2.5M
Management & general13%$417K
Fundraising6%$172K
Total functional expensesLn 25$3.1M

Balance Sheet

Part X · end of year
CashLn 1$579K
Total assetsLn 16$4.2M
Total liabilitiesLn 26$316K
Total net assetsLn 32$3.9M
Months of cash on handcomputed2.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.5M · Operating expenses (Pt IX) $3.1M · Less non-cash grants $33K · Cash operating expenses/yr $3.1M
13.7 months
Where the money goes
Program services
Program services $2.5M · Total expenses $3.1M
81%
Management & General
Management & general $417K · Total expenses $3.1M
13%
Fundraising
Fundraising $172K · Total expenses $3.1M
6%
Cost to raise $1
Fundraising expense (3-yr avg) $196K · Solicited contributions (3-yr avg) $2.5M
$0.08 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $654K · Total revenue $1.8M
36%
Government reliance
Government grants — · Total revenue $1.8M
Earned-income share
Program service revenue $1.0M · Total revenue $1.8M
56%
Investment reliance
Investment income $145K · Total revenue $1.8M
+8%
Program self-sufficiency
Program service revenue $1.0M · Total expenses $3.1M
32%
Growth & trend
Revenue growth (YoY)
This year $1.8M · Prior year $2.8M
-35%
Revenue CAGR
FY2019 $1.0M · FY2024 $1.8M
+12%
Net-asset trend (YoY)
End of year $3.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.8M · Expenses $3.1M
-72%
Liabilities-to-Assets
Total liabilities — · Total assets $4.2M
Net-asset ratio
Net assets $3.9M · Total assets $4.2M
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.9M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $4.2M
70%
People & payroll
Highest Reported Total Compensation
Individual Mathew Hurd · Reported title Executive Director · Highest reported compensation $176K · Total expenses $3.1M
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.6M · Total expenses $3.1M
52%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 13%
Fundraising cost ratio 26%
Revenue growth -35%
Accounting fee ratio 0.8%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 11 funders →
Grants paid · 8 grants · $3.6M · 2019–2024
Unitemized GrantFY2024$399,370
Unitemized GrantFY2024$217,804
Unitemized GrantFY2023$842,019
Unitemized GrantFY2023$30,895
Unitemized GrantFY2022$876,572
Unitemized GrantFY2021$264,795
Unitemized GrantFY2020$963,841
Unitemized GrantFY2019$6,004

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.8M revenue · viewing · ⤓ 990 PDF
FY2023$2.8M revenue · ⤓ 990 PDF
FY2022$6.7M revenue · ⤓ 990 PDF
FY2021$786K revenue · ⤓ 990 PDF
FY2020$2.7M revenue · ⤓ 990 PDF
FY2019$1.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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