OPEN HOUSE MINISTRIES

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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

1986

Legal Domicile

Principal Officer

RENEE STEVENS

Phone

3607370300

Tax Period

2023-10-01 to 2024-09-30

OPEN HOUSE MINISTRIES, founded in 1986, is a community nonprofit in the Housing & Shelter sector that reported $6.2M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $3.4M, a strong 56% operating margin.

Mission

OPEN HOUSE MINISTRIES IS A FAITH-BASED COMMUNITY ORGANIZATION HELPING HOMELESS FAMILIES, BY PROVIDING SHELTER AND INTERVENTION THROUGH CHRIST- CENTERED, LIFE CHANGING PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $1,777,117

SHELTER PROGRAM/OPERATIONS OPEN HOUSE MINISTRIES IS A FAITH-BASED COMMUNITY ORGANIZATION HELPING HOMELESS FAMILIES, BY PROVIDING SHELTER AND INTERVENTION THROUGH CHRIST- CENTERED, LIFE CHANGING...

SHELTER PROGRAM/OPERATIONS OPEN HOUSE MINISTRIES IS A FAITH-BASED COMMUNITY ORGANIZATION HELPING HOMELESS FAMILIES, BY PROVIDING SHELTER AND INTERVENTION THROUGH CHRIST- CENTERED, LIFE CHANGING PROGRAMS. THE PROGRAMS FOR 2023/24 INCLUDED CASE MANAGEMENT, EDUCATION, JOB TRAINING AND COUNSELING. SEE SCHEDULE O

Program 2

Expenses: $351,632

OPEN HOUSE MINISTRIES ACCEPTS NON-CASH IN-KIND DONATIONS OF USED PERSONAL EFFECTS AND HOUSEHOLD GOODS FROM THE GENERAL PUBLIC. MANY OF THE ITEMS DONATED ARE USED TO PROVIDE DAILY NECESSITIES TO...

OPEN HOUSE MINISTRIES ACCEPTS NON-CASH IN-KIND DONATIONS OF USED PERSONAL EFFECTS AND HOUSEHOLD GOODS FROM THE GENERAL PUBLIC. MANY OF THE ITEMS DONATED ARE USED TO PROVIDE DAILY NECESSITIES TO INDIVIDUALS AT THE SHELTER. A SIGNIFICANT PORTION IS SOLD AT THE ONSITE THRIFT STORES OPERATED BY OPEN HOUSE MINISTRIES. THE REMAINING ITEMS ARE SHARED WITH OTHER SHELTERS AND GIVEN TO PEOPLE WHO CALL IN OR STOP BY WITH A NEED. EXCESS ITEMS ARE GIVEN TO THE GOODWILL OR OTHER THRIFT STORES.

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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 $4,114,113

Program Service Revenue $16,870

Investment Income $1,975,181

Other Revenue $44,708

TOTAL REVENUE $6,150,872

Expense Breakdown

Grants Paid $107,669

Salaries & Benefits $1,616,586

Fundraising Expenses $273,203

Program Expenses $2,128,749

Other Expenses $989,564

TOTAL EXPENSES $2,713,819

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,150,872	$7,004,039	-0.1%
Expenses	$2,713,819	$2,644,004	+0.0%
Net Income	$3,437,053	$4,360,035	-0.2%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

247

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

$121,959

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RENEE STEVENS	EXECUTIVE DI	40.00	Officer	$121,959	$0	$121,959
DICK JAMES	PRESIDENT	5.00	Officer Director	$0	$0	$0
BRYAN DENT	VICE-PRESIDE	5.00	Officer Director	$0	$0	$0
TIM PETERS	TREASURER	5.00	Officer Director	$0	$0	$0
LAUNDA CARROLL	SECRETARY	5.00	Officer Director	$0	$0	$0
JIM HOEFFNER	BOARD MEMBER	5.00	Director	$0	$0	$0
HEATHER KNUDSON	BOARD MEMBER	5.00	Director	$0	$0	$0
JEFF LINDBERG	BOARD MEMBER	5.00	Director	$0	$0	$0
MARK MAGGIORA	BOARD MEMBER	5.00	Director	$0	$0	$0
ANDREW ROSKAM	BOARD MEMBER	5.00	Director	$0	$0	$0
DAVID SCOTT	BOARD MEMBER	5.00	Director	$0	$0	$0
JOHN VAN DINTER	BOARD MEMBER	5.00	Director	$0	$0	$0
NAOMI CAMARGO	BOARD MEMBER	5.00	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	$6,150,872	$2,713,819	$26,917,862	$3,437,053
2023	$7,004,039	$2,644,004	$20,343,813	$4,360,035
2022	$7,762,563	$2,219,936	$15,062,635	$5,542,627
2021	$2,918,021	$1,996,779	$9,841,642	$921,242
2020	$3,630,610	$1,886,936	$8,856,661	$1,743,674
2019	$2,691,912	$1,859,103	$6,945,429	$832,809
2018	$3,171,316	$1,617,367	$6,968,653	$1,553,949