RED DOOR PLACE INC

EIN: 841859955 501(c)(3) Human Services

NEW YORK, NY

Total Revenue
$145,866
Total Expenses
$161,769
Total Assets
$349,236
Net Assets
$349,236
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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
2018
Legal Domicile
NY
Principal Officer
SEAN MCGOLDRICK
Tax Period
2025-01-01 to 2025-12-31

RED DOOR PLACE INC, founded in 2018, is a small nonprofit in the Human Services sector that reported $146K in total revenue in fiscal year 2025. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $162K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE HUNGER RELIEF MEALS TO HOMELESS AND FAMILIES IN NEED.

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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 $145,866
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $145,866

Expense Breakdown

Grants Paid $0
Salaries & Benefits $67,591
Fundraising Expenses $0
Program Expenses $80,300
Other Expenses $94,178
TOTAL EXPENSES $161,769

Year-over-Year Comparison

2025 2024 Change
Revenue $145,866 $364,407 -0.6%
Expenses $161,769 $259,830 -0.4%
Net Income $-15,903 $104,577 -1.2%
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
3
Independent Members
N/A
Employees
2
Volunteers
N/A

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
0
$0
Total Directors
3
$62,346
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Louis Kang Vice President 40.00
Director
$43,308 $0 $43,308
Stacey McCarthy President 40.00
Director
$19,038 $0 $19,038
SEAN HOLMES Treasurer 40.00
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 $145,866 $161,769 $349,236 $-15,903
2024 No data No data No data No data
2023 $267,537 $314,014 $259,860 $-46,477
2022 $302,522 $158,842 $308,887 $143,680
2021 $289,853 $147,011 $172,657 $142,842
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