OPEN DOOR COMMUNITY DEVELOPMENT CORPORATION

EIN: 521876165 501(c)(3)

Ellicott City, MD

Total Revenue
$265,512
Total Expenses
$203,838
Total Assets
$68,659
Net Assets
$61,778
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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
2006
Legal Domicile
MD
Principal Officer
Danny M Crow
Phone
4435707961
Tax Period
2022-10-01 to 2023-09-30

OPEN DOOR COMMUNITY DEVELOPMENT CORPORATION, founded in 2006, is a small nonprofit that reported $266K in total revenue in fiscal year 2022. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $62K, a strong 23% operating margin.

Mission

Programs, advocacy, and multi-media communication to stimulate economic and community development by helping inter-generationally impoverished, chronically unemployed, and severely under-employed individuals and families earn a better living via full employment and higher wages. The organization has extensive experience and specialized expertise in working with severely impoverished families, disenfranchised adults, and ex-offenders reentering society. Since 2010, the organization has worked with small-to-large employers on securing and maintaining living-wage jobs for entry-level workers.

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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 (2022)

Revenue Breakdown

Contributions & Grants $16,345
Program Service Revenue $249,167
Investment Income $0
Other Revenue $0
TOTAL REVENUE $265,512

Expense Breakdown

Grants Paid $0
Salaries & Benefits $159,556
Fundraising Expenses $0
Program Expenses $116,531
Other Expenses $44,282
TOTAL EXPENSES $203,838

Year-over-Year Comparison

2022 2021 Change
Revenue $265,512 $158,841 +0.7%
Expenses $203,838 $145,031 +0.4%
Net Income $61,674 $13,810 +3.5%
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
5
Independent Members
5
Employees
2
Volunteers
6

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
2
$0
Total Directors
5
$115,835
Key Employees
1
$115,835
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
William Simpson CEO 60
Director Key Emp Highest
$112,000 $3,835 $115,835
Danny Crow Board Chairman 8
Officer Director
$0 $0 $0
Cynthia Flanagan Secretary 2
Officer Director
$0 $0 $0
Libby Moreton Board Member 1
Director
$0 $0 $0
Gayle Roberts Board Member 1
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
2023 $265,512 $203,838 $68,659 $61,674
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