Freehold Area Open Door Inc

EIN: 222796807 501(c)(3) Housing & Shelter

Freehold, NJ

Total Revenue
$2,024,826
Total Expenses
$1,762,073
Total Assets
$421,868
Net Assets
$421,868
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
NJ
Principal Officer
Geralyn Fraggetta-Drury
Phone
7327801089
Tax Period
2025-01-01 to 2025-12-31

Freehold Area Open Door Inc, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2025. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $1.8M left a modest 13% surplus.

Mission

Organization is a food pantry and resource and referral agency serving people in need. Emergency financial assistance for people facing eviction, utility shut-offs, transportation and prescription assistance. After school program offering homework assistance for those in need.

Program Service Accomplishments

Program 1
Expenses: $1,718,231 Revenue: $0

Food Pantry and Advocacy Program: (Food Pantry)Distribution of food and household supplies to families in need. (Advocacy Program)Rental and utility assistance, prescriptions, and transportation...

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Food Pantry and Advocacy Program: (Food Pantry)Distribution of food and household supplies to families in need. (Advocacy Program)Rental and utility assistance, prescriptions, and transportation support to area families that meet program criteria.

Program 2
Expenses: $14,000 Revenue: $0

(After School/Scholarship Program) Our After School Program assists elementary school students with their homework and offers a scholarship for those that qualifty.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $2,022,177
Program Service Revenue $0
Investment Income $2,649
Other Revenue $0
TOTAL REVENUE $2,024,826

Expense Breakdown

Grants Paid $14,000
Salaries & Benefits $197,793
Fundraising Expenses $0
Program Expenses $1,732,231
Other Expenses $1,550,280
TOTAL EXPENSES $1,762,073

Year-over-Year Comparison

2025 2024 Change
Revenue $2,024,826 $1,454,983 +0.4%
Expenses $1,762,073 $1,476,421 +0.2%
Net Income $262,753 $-21,438 -13.3%
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

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Governance

Voting Members
31
Independent Members
31
Employees
3
Volunteers
100

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
6
$0
Total Directors
32
$85,453
Key Employees
1
$85,453
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GERALYN FRAGETTA-DRURY EXECUTIVE DIRECTOR 40.00
Director Key Emp
$85,453 $0 $85,453
VICTA MC KENZIE PRESIDENT 1.00
Officer Director
$0 $0 $0
JOHN CRESCENTI VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
Adewale Akinrinde TREASURER 1.00
Officer Director
$0 $0 $0
MIMMA FINGER CORRESPONDING SECRETARY 1.00
Officer Director
$0 $0 $0
REBEKAH HEILMAN RECORDING SECRETARY 1.00
Officer Director
$0 $0 $0
Fred Berbenbroick FINANCIAL SECRETARY 1.00
Officer Director
$0 $0 $0
TORNA BROWN BELL TRUSTEE 1.00
Director
$0 $0 $0
PAM WENTHWORTH TRUSTEE 1.00
Director
$0 $0 $0
PASTOR TODD HONOUR TRUSTEE 1.00
Director
$0 $0 $0
DOLORES WILSON Trustee 1.00
Director
$0 $0 $0
JUDITH AMORSKI TRUSTEE 1.00
Director
$0 $0 $0
MIRIAM KAPELUSHNIK TRUSTEE 1.00
Director
$0 $0 $0
CHUCK STAPP TRUSTEE 1.00
Director
$0 $0 $0
AYANBOLA ELEGBE TRUSTEE 1.00
Director
$0 $0 $0
EVELYN HINES TRUSTEE 1.00
Director
$0 $0 $0
PAT FENSHAM TRUSTEE 1.00
Director
$0 $0 $0
WESTON RIVELL TRUSTEE 1.00
Director
$0 $0 $0
JOHN HENRY LAMBERT TRUSTEE 1.00
Director
$0 $0 $0
ANTHONY ANGILLETTA TRUSTEE 1.00
Director
$0 $0 $0
PATRICIA DRESCHER TRUSTEE 1.00
Director
$0 $0 $0
ROBERT KANNER TRUSTEE 1.00
Director
$0 $0 $0
JUDI GUY TRUSTEE 1.00
Director
$0 $0 $0
JESSICA BALDES TRUSTEE 1.00
Director
$0 $0 $0
Charles Buscaglia TRUSTEE 1.00
Director
$0 $0 $0
Rev Matthew Jones TRUSTEE 1.00
Director
$0 $0 $0
JOHN SPANGLER TRUSTEE 1.00
Director
$0 $0 $0
DOREEN RIVELL TRUSTEE 1.00
Director
$0 $0 $0
Eileen Allen TRUSTEE 1.00
Director
$0 $0 $0
JIM HURLEY TRUSTEE 1.00
Director
$0 $0 $0
ROSEMARIE PALAZZOLA TRUSTEE 1.00
Director
$0 $0 $0
RICH COBIN TRUSTEE 1.00
Director
$0 $0 $0
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 $2,024,826 $1,762,073 $421,868 $262,753
2024 $1,454,983 $1,476,421 $159,115 $-21,438
2023 $1,478,844 $1,504,490 $180,553 $-25,646
2022 $1,454,567 $1,552,460 $206,199 $-97,893
2021 $953,660 $932,823 $308,370 $20,837
2020 $745,316 $666,308 $296,113 $79,008
2019 $444,226 $473,183 $208,525 $-28,957
2018 $342,476 $364,360 $237,482 $-21,884
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