THE OPEN DOOR SHELTER INC (EIN 222536909) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

MICHELE CONDERINO

Phone

2038661057

Tax Period

2024-07-01 to 2025-06-30

THE OPEN DOOR SHELTER INC, founded in 1984, is a community nonprofit in the Housing & Shelter sector that reported $7.8M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 19% operating margin.

Mission

TO PROVIDE COMPREHENSIVE SOCIAL SERVICES INCLUDING SHELTER, OUTREACH, FOOD, HOUSING, ACCESS TO BENEFITS AND HEALTHCARE, JOB TRAINING, AND FINANCIAL COACHING FOR THOSE LIVING IN POVERTY AND THOSE EXPERIENCING HOMELESS.IN FY24 (7/1/23-6/30/24), 404 CLIENTS RESIDING IN THE GREATER NORWALK AREA UTILIZED EOH SERVICES. 282 CLIENTS WERE PLACED IN JOBS, 174 RETAINED EMPLOYMENTS BEYOND 180 DAYS, AND 315 INCREASED THEIR MONTHLY INCOME.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,463,225

Program Service Revenue $1,078,882

Investment Income $350,082

Other Revenue $-44,548

TOTAL REVENUE $7,847,641

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,416,377

Fundraising Expenses $534,501

Program Expenses $5,419,798

Other Expenses $2,896,186

TOTAL EXPENSES $6,372,987

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,847,641	$6,162,593	+0.3%
Expenses	$6,372,987	$6,086,292	+0.0%
Net Income	$1,474,654	$76,301	+18.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

625

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$241,330

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KERSTEN RIVAS	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN EDENBACH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
NANCY MEANY	SECRETARY	1.00	Officer Director	$0	$0	$0
SETH BIRNBAUM	TREASURER	1.00	Officer Director	$0	$0	$0
EDDY AGYEMAN	DIRECTOR	1.00	Director	$0	$0	$0
HARSHA BETHI	DIRECTOR, THRU	1.00	Director	$0	$0	$0
HUGH BOYLE	DIRECTOR	1.00	Director	$0	$0	$0
MARTIN A BUCCOLO PHD	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM BURNHAM	DIRECTOR	1.00	Director	$0	$0	$0
LIZA CAREY	DIRECTOR	1.00	Director	$0	$0	$0
SEAN CONK	DIRECTOR	1.00	Director	$0	$0	$0
MARSHA ELBOURN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN F ERDMAN III	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT GENUARIO	DIRECTOR	1.00	Director	$0	$0	$0
READ HUBBARD	DIRECTOR	1.00	Director	$0	$0	$0
MELORA JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
GREG KAMEDULSKI	DIRECTOR	1.00	Director	$0	$0	$0
RICK KLEEMAN	DIRECTOR	1.00	Director	$0	$0	$0
NARENDRA MULANI	DIRECTOR	1.00	Director	$0	$0	$0
JODY PROCT	DIRECTOR, THRU	1.00	Director	$0	$0	$0
CURTIS STEWART	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDER TUFF	DIRECTOR	1.00	Director	$0	$0	$0
VERNITA TERTULLIEN	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE CONDERINO	EXECUTIVE DIRECTOR	40.00	Officer	$216,794	$24,536	$241,330
ERIN MCDONOUGH	DIR. OF MKTG & COMM. REL.	40.00	Highest	$105,695	$16,332	$122,027
KIRILL ELIN	SR. DIR. OF OPERATIONS	40.00	Highest	$101,342	$15,673	$117,015
ELLEN PECK	DIR. OF DEVELOPMENT	40.00	Highest	$101,638	$17,289	$118,927

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$7,847,641	$6,372,987	$18,985,580	$1,474,654
2024	$6,162,593	$6,086,292	$17,403,287	$76,301
2023	$5,401,186	$4,930,855	$17,232,108	$470,331
2022	$5,198,802	$4,238,076	$17,005,860	$960,726
2021	$5,148,937	$4,061,442	$15,936,713	$1,087,495
2020	$4,589,133	$4,228,325	$15,399,877	$360,808
2019	$4,860,163	$4,029,166	$14,746,004	$830,997

THE OPEN DOOR SHELTER INC