Open Doors Solutions INC FY2021 filing

Tax-deductible

Atlanta, GA501(c)(3)Human ServicesEIN 83-0841949Revenue $786K in FY2021

On file with the IRSopendoorsatl.org2872 Woodcock Blvd Ste 211, 30341-4015 · Atlanta, GATax-exempt since Aug 2018Publicly supported charity — 170(b)(1)(A)(vi)

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Open Doors mission is to make connections between non-profits that serve those exiting homelessness and property owners seeking residents to ensure that homes will always be avialable for those in need.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
$132K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $481K a year · 18% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$132K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
13 mo
of spending, in cash
Looks good: 12.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
11
named funders · $1.6M
Looks good: 11 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$480K
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$786K
-71% vs prior year
Spent
$1.6M
To programs
76%
Net assets
$1.4M
By yearFY2019–FY2024
Revenue
$786K
FY2021▼ -71%
Tap a bar for its year
Revenue by fiscal year
FY2019$1.0M
FY2020$2.7M
FY2021$786K
FY2022$6.7M
FY2023$2.8M
FY2024$1.8M
Expenses
$1.6M
FY2021▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2019$737K
FY2020$1.8M
FY2021$1.6M
FY2022$2.8M
FY2023$2.9M
FY2024$3.1M
Net assets
$1.4M
FY2021▼ -37%
Tap a bar for its year
Net assets by fiscal year
FY2019$1.2M
FY2020$2.2M
FY2021$1.4M
FY2022$5.3M
FY2023$5.2M
FY2024$3.9M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2018.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $1.2M Management & general 7% · $116K Fundraising 17% · $263K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

21 people listed on the 990; $132K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$131,770Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$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 3869 $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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020FY2019
Mathew Hurd$176,000$165,000$150,956$131,770——
Jt Liddell$153,616—————
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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Connects property owners with nonprofits to house people exiting homelessness.

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Provided by the organization

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3 programs · $1.2M · in their own filed words · FY2021
01

Property navigationopen doors is constantly seeking funding for our property navigation services. This program is vital as the front-line program that recruits properties and management companies for the open doors portfolio.

$926Kprogram expense
02

COVID-19 responsein the early days of COVID-19 open doors acted quickly to create rentbridge, the open doors program to provide rental assistance for those feeling the immediate effects of the COVID-19 economy.

$265Kprogram expense
03

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

$18Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

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

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$786K
Ln 12
Gifts and grantsLn 1h$784K
Other incomeLn 4–11$2K
Investment incomeLn 3$9
Money outPt IX
$1.6M
Ln 25
Programscol B$1.2M
Managementcol C$116K
Fundraisingcol D$263K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$1.9M
LiabilitiesLn 26$480K
PeoplePt VI, VII
21
listed · VII A
PaidVII A1
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$784K
Government grantsLn 1e$92K
Investment incomeLn 3$9
Other incomeLn 4–11$2K
Total revenueLn 12$786K
Assets in detailPt X, end of year
CashLn 1$1.6M
SavingsLn 2$90K
Cash and savings togetherLn 1–2$1.7M
Land, buildings, equipmentLn 10c$11K
Other assetsLn 15$4K
Total assetsLn 16$1.9M
LiabilitiesLn 26$480K
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 513
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.9M$1.7M
Land, buildings, equipmentLn 10c$0$11K
Total assetsLn 16$2.3M$1.9M
LiabilitiesLn 26$161K$480K
Net assetsLn 32$2.2M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$265K$265K
Pay of current officers, directors and key staffLn 5$132K$102K$12K$18K
Other salaries and wagesLn 7$617K$472K$49K$95K
Other employee benefitsLn 9$198K$155K$26K$17K
Payroll taxesLn 10$57K$47K$6K$5K
Accounting feesLn 11c$30K$26K$2K$2K
Other fees for servicesLn 11g$117K$8K$3K$106K
Advertising and promotionLn 12$19K$14K$1K$4K
Office expensesLn 13$6K$4K$458$991
Information technologyLn 14$18K$18K
OccupancyLn 16$91K$65K$13K$13K
TravelLn 17$11K$8K$1K$2K
Depreciation, depletion and amortizationLn 22$1K$1K
Other expenses (24a–d)Ln 24$27K$24K$3K$722
Total functional expensesLn 25$1.6M$1.2M$116K$263K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.8M$3.1M−$1.3M$3.9M 990 PDF
FY2023 $2.8M$2.9M−$113K$5.2M 990 PDF
FY2022 $6.7M$2.8M$3.9M$5.3M 990 PDF
FY2021 Viewing $786K$1.6M−$801K$1.4M 990 PDF
FY2020 $2.7M$1.8M$932K$2.2M 990 PDF
FY2019 $1.0M$737K$277K$1.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $786,357 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,654,485$784,090
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $30$9
I-11 Other revenuePrior year $50,285$2,258
I-12 Total revenuePrior year $2,704,800$786,357
I-13 Grants and similar amounts paidPrior year $963,841$264,795
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $664,465$1,004,000
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $144,356$318,614
I-18 Total expensesPrior year $1,772,662$1,587,409
I-19 Revenue less expensesPrior year $932,138−$801,052
Part VI · Governance 20 of 20 board members independent, 3 to look at
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $786,357 across 6 lines filed
VIII-1e Government grants$92,186
VIII-1f All other contributions, gifts and grants$691,904
VIII-1h Total contributions, gifts and grants$784,090
VIII-3 Investment incomeExcluded from tax $9$9
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,258$2,258
VIII-12 Total revenueRelated to mission $2,258 · Unrelated business $0 · Excluded from tax $9$786,357
Part IX · Statement of functional expenses $1,587,409 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $264,795$264,795
IX-5 Pay of current officers, directors and key staffPrograms $101,958 · Management $12,112 · Fundraising $17,700$131,770
IX-7 Other salaries and wagesPrograms $472,494 · Management $48,944 · Fundraising $95,449$616,887
IX-9 Other employee benefitsPrograms $155,460 · Management $25,508 · Fundraising $17,133$198,101
IX-10 Payroll taxesPrograms $46,939 · Management $5,724 · Fundraising $4,579$57,242
IX-11c Accounting feesPrograms $25,670 · Management $2,416 · Fundraising $2,114$30,200
IX-11g Other fees for servicesPrograms $7,591 · Management $2,940 · Fundraising $106,499$117,030
IX-12 Advertising and promotionPrograms $13,839 · Management $1,061 · Fundraising $3,733$18,633
IX-13 Office expensesPrograms $4,247 · Management $458 · Fundraising $991$5,696
IX-14 Information technologyPrograms $17,534$17,534
IX-16 OccupancyPrograms $64,767 · Management $12,937 · Fundraising $12,955$90,659
IX-17 TravelPrograms $7,934 · Management $1,258 · Fundraising $1,587$10,779
IX-22 Depreciation, depletion and amortizationPrograms $1,007$1,007
IX-24 Other expenses (24a–d)Programs $23,621 · Management $2,733 · Fundraising $722$27,076
IX-25 Total functional expensesPrograms $1,207,856 · Management $116,091 · Fundraising $263,462$1,587,409
Part X · Balance sheet $1,855,127 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $1,855,117$1,577,969
X-2 Savings and temporary cash investmentsStart of year $90,024$90,033
X-4 Accounts receivableStart of year $372,500$147,000
X-9 Prepaid expenses and deferred chargesStart of year $14,503$24,568
X-10c Land, buildings and equipment, netStart of year $0$11,215
X-15 Other assetsStart of year $4,342$4,342
X-16 Total assetsStart of year $2,336,486$1,855,127
X-17 Accounts payable and accrued expensesStart of year $58,549$68,677
X-19 Deferred revenueStart of year $10,044$411,795
X-24 Unsecured notes and loans payableStart of year $92,186$0
X-26 Total liabilitiesStart of year $160,779$480,472
X-27 Net assets without donor restrictionsStart of year $2,175,707$1,374,655
X-32 Total net assets or fund balancesStart of year $2,175,707$1,374,655
X-33 Total liabilities and net assetsStart of year $2,336,486$1,855,127
Part XI · Reconciliation of net assets $1,374,655 net assets at year end
XI-1 Total revenue$786,357
XI-2 Total expenses$1,587,409
XI-3 Revenue less expenses−$801,052
XI-4 Net assets at start of year$2,175,707
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,374,655

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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