Freehold Area Open Door Inc

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

Freehold, NJ

Total Revenue
$1,454,983
Total Expenses
$1,476,421
Total Assets
$159,115
Net Assets
$159,115
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
NJ
Principal Officer
Geralyn Fraggetta-Drury
Phone
7327801089
Tax Period
2024-01-01 to 2024-12-31

Freehold Area Open Door Inc, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2024.

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.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,454,772
Program Service Revenue $0
Investment Income $211
Other Revenue $0
TOTAL REVENUE $1,454,983

Expense Breakdown

Grants Paid $18,000
Salaries & Benefits $158,635
Fundraising Expenses $0
Program Expenses $1,454,395
Other Expenses $1,299,786
TOTAL EXPENSES $1,476,421

Year-over-Year Comparison

2024 2023 Change
Revenue $1,454,983 $1,478,844 0.0%
Expenses $1,476,421 $1,504,490 0.0%
Net Income $-21,438 $-25,646 -0.2%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
23
Independent Members
23
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
33
$62,906
Key Employees
1
$62,906
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GERALYN FRAGETTA-DRURY EXECUTIVE DIRECTOR 40.00
Director Key Emp
$62,906 $0 $62,906
VICTA MC KENZIE PRESIDENT 1.00
Officer Director
$0 $0 $0
MARK WILLIS 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
DOREEN RIVELL 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
JOHN CRESCENTI 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
BRUCE KRYWINSKI TRUSTEE 1.00
Director
$0 $0 $0
JOHN SPANGLER TRUSTEE 1.00
Director
$0 $0 $0
REBEKAH HEILMAN-MANCINI 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
Rev Matthew Jones 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
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
Explore More Nonprofits
→Top 100 Nonprofits in New Jersey →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare Freehold Area Open Door Inc with other nonprofits in New Jersey and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.