NEW DOOR VENTURES FKA GOLDEN GATE COMMUNITY INC (EIN 942780274) - Form 990 Financial Analysis & Trantor Score

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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

1981

Legal Domicile

Principal Officer

OMAR BUTLER

Phone

4159209200

Tax Period

2023-01-01 to 2023-12-31

NEW DOOR VENTURES FKA GOLDEN GATE COMMUNITY INC, founded in 1981, is a community nonprofit in the Housing & Shelter sector that reported $5.6M in total revenue in fiscal year 2023. Expenses of $5.1M left a modest 9% surplus.

Mission

NEW DOOR HELPS AT-RISK YOUTH GET READY FOR WORK AND LIFE THROUGH JOBS, JOB TRAINING AND COMMUNITY.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,374,677

Program Service Revenue $1,069,778

Investment Income $126,828

Other Revenue $0

TOTAL REVENUE $5,571,283

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,733,750

Fundraising Expenses $872,995

Program Expenses $3,768,130

Other Expenses $1,316,848

TOTAL EXPENSES $5,050,598

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,571,283	$5,181,332	+0.1%
Expenses	$5,050,598	$4,628,797	+0.1%
Net Income	$520,685	$552,535	-0.1%

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

Governance

Voting Members

Independent Members

Employees

166

Volunteers

250

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

$438,147

Total Directors

$268,862

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB CEREMSAK	CHAIR	1.00	Officer Director	$0	$0	$0
KATHY DRAKE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TERRY WATSON	TREASURER	1.00	Officer Director	$0	$0	$0
OMAR BUTLER	CEO, PRESIDENT, & DIRECTOR	40.00	Officer Director	$268,862	$0	$268,862
ALEXA CULWELL	DIRECTOR	1.00	Director	$0	$0	$0
GREG VANDENBOSCH	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE WANG	DIRECTOR	1.00	Director	$0	$0	$0
KEN BYK	DIRECTOR	1.00	Director	$0	$0	$0
NIQUI HUNT	DIRECTOR	1.00	Director	$0	$0	$0
SHOBA FARRELL	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN VIGNOS	DIRECTOR	1.00	Director	$0	$0	$0
ESTHER SCANLAN	DIRECTOR	1.00	Director	$0	$0	$0
ASHVIN VAIDYANATHAN	DIRECTOR	1.00	Director	$0	$0	$0
KARTHIK RAMAN	DIRECTOR	1.00	Director	$0	$0	$0
ANAMIKA KHANNA	DIRECTOR	1.00	Director	$0	$0	$0
PHUNTSOK DOLMA	DIR. OF FINANCE & ADMIN.	40.00	Officer	$169,285	$0	$169,285
KEVIN PATRICK HICKEY	CHIEF PROGRAM OFFICER	40.00	Highest	$146,220	$0	$146,220
ANNE M BAUCCIO	DIRECTOR OF OPERATIONS	40.00	Highest	$127,507	$0	$127,507
JOEL ST JULIEN	PROGRAM DIRECTOR	40.00	Highest	$110,603	$0	$110,603
ROBIN TANYA WATSON	EMPLOYEE	40.00	Highest	$117,562	$0	$117,562
MONICA NUNEZ	DIRECTOR OF DEVELOPMENT	40.00	Highest	$105,481	$0	$105,481

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	No data	No data	No data	No data
2023	$5,571,283	$5,050,598	$13,436,008	$520,685
2022	$5,181,332	$4,628,797	$12,979,327	$552,535
2021	$5,450,961	$3,810,134	$12,023,211	$1,640,827
2020	$5,081,316	$5,436,070	$11,155,285	$-354,754
2019	$8,586,389	$7,002,317	$10,803,797	$1,584,072
2018	$6,331,055	$7,091,765	$11,007,231	$-760,710

NEW DOOR VENTURES FKA GOLDEN GATE COMMUNITY INC