Ellicott City, MD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
In 2022, Open Door America (ODA) maintained anti-poverty, workforce development projects to connect previously left-behind, disadvantaged workers with compatible employers that embrace fair wages...
In 2022, Open Door America (ODA) maintained anti-poverty, workforce development projects to connect previously left-behind, disadvantaged workers with compatible employers that embrace fair wages, employee benefits, job training, and upward trajectory career employment. Thanks to post-COVID national economic circumstances and a pro-labor Administration in Washington D.C. that mutually fostered a much-improved employment climate for entry-level workers, ODA spent 2022 helping approximately 100 entry-level workers, particularly apprentices, secure meaningful employment and pay raises of up to 25 percent. These increases lifted many ODA workers and their families out of poverty while also demonstrating to employers the improved-retention benefits of paying workers fair, "living" wages. As always, in 2022, ODA remained a strong national advocate for major reform in mass incarceration, public welfare, and social justice policies.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $265,512 | $203,838 | $68,659 | $61,674 |
Compare OPEN DOOR COMMUNITY DEVELOPMENT CORPORATION with other nonprofits in Maryland and across the country.