Civic Intelligence

Opendoors

990 • Fiscal year 2023 • EIN 52-2374370

Jul 01, 2022 to Jun 30, 2023 • Filed on Jan 09, 2024

485 Plainfield StreetProvidence, RI 02909

(401) 781-5808

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

83rd percentile

0.59x

Higher debt load relative to assets than 83% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

85th percentile

1.15x

Higher debt load relative to revenue than 85% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

32nd percentile

-2.3%

Higher net margin than 32% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

64th percentile

11%

Faster asset growth than 64% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

89th percentile

66%

Faster revenue growth than 89% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Flat

$5,442,391

Flat from 2023

Net Assets

Flat

$2,239,575

Flat from 2023

Liabilities

Flat

$3,202,816

Flat from 2023

Revenue

Flat

$2,794,580

Flat from 2023

Expenses

Flat

$2,858,581

Flat from 2023

Net Income

Flat

-$64,001

Flat from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $3,273,563Liabilities 2011: $3,183,945Net Assets 2011: $89,6182011Assets 2012: $4,410,818Liabilities 2012: $4,299,891Net Assets 2012: $110,9272012Assets 2013: $4,348,890Liabilities 2013: $2,342,582Net Assets 2013: $2,006,3082013Assets 2014: $4,255,553Liabilities 2014: $2,322,389Net Assets 2014: $1,933,1642014Assets 2015: $4,194,460Liabilities 2015: $2,356,306Net Assets 2015: $1,838,1542015Assets 2016: $4,090,453Liabilities 2016: $2,323,833Net Assets 2016: $1,766,6202016Assets 2017: $4,044,296Liabilities 2017: $2,320,586Net Assets 2017: $1,723,7102017Assets 2018: $4,015,741Liabilities 2018: $2,312,899Net Assets 2018: $1,702,8422018Assets 2019: $3,911,779Liabilities 2019: $2,301,324Net Assets 2019: $1,610,4552019Assets 2020: $4,018,188Liabilities 2020: $2,301,029Net Assets 2020: $1,717,1592020Assets 2021: $4,287,711Liabilities 2021: $2,436,972Net Assets 2021: $1,850,7392021Assets 2022: $4,902,264Liabilities 2022: $2,594,652Net Assets 2022: $2,307,6122022Assets 2023: $5,442,391Liabilities 2023: $3,202,816Net Assets 2023: $2,239,5752023Assets 2023: $5,442,391Liabilities 2023: $3,202,816Net Assets 2023: $2,239,5752023

Highlighted filing

2023

Assets$5,442,391
Liabilities$3,202,816
Net Assets$2,239,575

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,139,497Expenses 2011: $1,215,100Net Income 2011: -$75,6032011Revenue 2012: $986,868Expenses 2012: $965,559Net Income 2012: $21,3092012Revenue 2013: $937,402Expenses 2013: $1,160,256Net Income 2013: -$222,8542013Revenue 2014: $897,948Expenses 2014: $971,092Net Income 2014: -$73,1442014Revenue 2015: $917,338Expenses 2015: $1,005,389Net Income 2015: -$88,0512015Revenue 2016: $963,773Expenses 2016: $1,043,940Net Income 2016: -$80,1672016Revenue 2017: $1,017,075Expenses 2017: $1,059,985Net Income 2017: -$42,9102017Revenue 2018: $1,106,789Expenses 2018: $1,127,307Net Income 2018: -$20,5182018Revenue 2019: $678,755Expenses 2019: $768,833Net Income 2019: -$90,0782019Revenue 2020: $754,502Expenses 2020: $644,699Net Income 2020: $109,8032020Revenue 2021: $1,086,213Expenses 2021: $918,679Net Income 2021: $167,5342021Revenue 2022: $1,684,846Expenses 2022: $1,227,972Net Income 2022: $456,8742022Revenue 2023: $2,794,580Expenses 2023: $2,858,581Net Income 2023: -$64,0012023Revenue 2023: $2,794,580Expenses 2023: $2,858,581Net Income 2023: -$64,0012023

Highlighted filing

2023

Revenue$2,794,580
Expenses$2,858,581
Net Income-$64,001
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Jan 9, 2024
Return Version
2022v5.0
Gross Receipts
$2,794,580
Mission and Program Overview

Mission

Opendoors' mission is to strengthen communities by supporting justice- involved and unhoused individuals as they rebuild their lives. The organization provides emergency shelter, housing, reentry, employment, and supportive services that promote stability, reduce recidivism, and support long-term independence.

To assist ex-offenders in returning to the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,046,318$4,131,362▲ $85,044
Pledges and Grants Receivable$144,419$617,888▲ $473,469
Cash and Non-Interest-Bearing Accounts$527,756$516,108▼ $11,648
Savings and Temporary Cash Investments$129,132$99,465▼ $29,667
Accounts Receivable$22,327$36,453▲ $14,126
Prepaid Expenses and Deferred Charges$26,071$24,916▼ $1,155
Total Assets$4,902,265$5,442,391▲ $540,126
Other Assets Total$6,242$16,199▲ $9,957
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,204,954$2,204,954→ $0
Deferred Revenue$271,036$549,607▲ $278,571
Accounts Payable and Accrued Expenses$115,423$446,637▲ $331,214
Other Liabilities$3,240$1,618▼ $1,622
Total Liabilities$2,594,653$3,202,816▲ $608,163
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,633,178$1,681,101▲ $47,923
Net Assets With Donor Restrictions$674,434$558,474▼ $115,960
Total Net Assets Fund Balance$2,307,612$2,239,575▼ $68,037
Total Liabilities and Net Assets / Fund Balance$4,902,265$5,442,391▲ $540,126

Asset Categories

AssetBook ValueDepreciationBasis
Land$478,031-$478,031
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,140,714
Program Service Revenue
$652,538
Investment Income
$1,328
Other Revenue
$0
All Other Contributions
$780,229
Change in Net Assets
$-64,001

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,794,580
Total Revenue per Audited Statements
$2,794,580
Total Revenue per Form 990
$2,794,580
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,443,990
Salaries, Compensation, and Employee Benefits$1,414,591
Total Fundraising Expense$18,745
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,235,208$23,735$595$1,259,538
Occupancy$347,766-$13,552$361,318
Payroll Taxes$153,726$1,281$46$155,053
Depreciation Depletion$140,387--$140,387
Insurance$106,964--$106,964
Fees for Services Other$53,259-$4,339$57,598
Office Expenses$33,908-$213$34,121
Other Expenses$27,870$1,808-$27,870
Fees for Services Accounting$21,388$112-$21,500
Travel$20,594--$20,594
All Other Expenses$17,559$14-$17,573
Interest$4,747--$4,747
Total Functional Expenses$2,812,886$26,950$18,745$2,858,581

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,862,617
Expenses per Audited Statements$2,858,581
Total Expenses per Form 990$2,858,581
Expenses Not Reported on Form 990$4,036
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$2,001
Client Custodial Accounts$-383
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The organization's accountants review the return wth the preparer.

Form 990, Page 6, Part VI, Line 12C

The board chair was familiar with board member's disclosures and informally monitored for conflict of interest.

Form 990, Page 6, Part VI, Line 15A

The board reviews the executive director's compensation annually as part of the budgeting process.

Form 990, Page 6, Part VI, Line 19

The organization provides its governing documents, conflict of interest policy, and financial statements to the public upon request.

Filing and Contact Details

Filer

Filer Name
Opendoors
EIN
52-2374370
Phone
4017815808
Address
485 PLAINFIELD STREET, PROVIDENCE, RI 02909

Signing Officer

Name
C Patrick Westfall
Title
Co Exec Director
Phone
4017815808
Signed
2024-01-09

Organization Details

Principal Officer
C Patrick Westfall
Formed
2002
Legal Domicile
Ri
Voting Board Members
12
Independent Board Members
12
Employees
42

Preparer

Firm
Stephen T Gentile CPA Ltd
Address
109 AIRPORT ROAD SUITE 3, WARWICK, RI 02889
Preparer
Stephen T Gentile
Phone
4017396110
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Operation to provide temporary shelter for homeless individuals in three different locations.

Form 990, Part XI, Line 9

BAD DEBTS -4,036

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 2D

BAD DEBTS 4,036

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IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0387484
IRS990/ProgSrvcAccomActy3Grp/Desc0A SOCIAL VENTURE TO TRAIN EX-OFFENDERS HOW TO DRIVE FREIGHT DELIVERY TRUCKS AND HIRE THEM IN TRANSITIONAL JOBS.
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0256138
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0485586
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04743081
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0225
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01989
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01413
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03627
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02590008
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IRS990ScheduleA/PublicSupportPY170Pct00.99890
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990/ScheduleBRequiredInd0true
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IRS990ScheduleD/ExpensesSubtotalAmt02858581
IRS990ScheduleD/LandGrp/BookValueAmt0478031
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0478031
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1-383
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CLIENT CUSTODIAL ACCOUNTS
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BAD DEBTS 4,036
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IRS990ScheduleD/TotalExpensesPerForm990Amt02858581
IRS990ScheduleD/TotalLiabilityAmt01618
IRS990ScheduleD/TotalRevenuePerForm990Amt02794580
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OPERATION TO PROVIDE TEMPORARY SHELTER FOR HOMELESS INDIVIDUALS IN THREE DIFFERENT LOCATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S ACCOUNTANTS REVIEW THE RETURN WTH THE PREPARER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD CHAIR WAS FAMILIAR WITH BOARD MEMBER'S DISCLOSURES AND INFORMALLY MONITORED FOR CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD REVIEWS THE EXECUTIVE DIRECTOR'S COMPENSATION ANNUALLY AS PART OF THE BUDGETING PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION PROVIDES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BAD DEBTS -4,036
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1OPENDOORS
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt2OPENDOORS
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0OPENDOORS HOUSING LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1OPENDOORS TRUCKING LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt2OPENDOORS HOUSING II LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt3OPENDOORS HOUSING III LLC
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IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1TRAINING
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt2RENTAL
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0485 PLAINFIELD STREET
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt1485 PLAINFIELD STREET
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt2485 PLAINFIELD STREET
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt3485 PLAINFIELD STREET
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0PROVIDENCE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1PROVIDENCE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm2PROVIDENCE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm3PROVIDENCE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0RI
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd1RI
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd2RI
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd3RI
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd002909
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd102909
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd202909
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd302909
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04902265
IRS990/TotalAssetsEOYAmt05442391
IRS990/TotalAssetsGrp/BOYAmt04902265
IRS990/TotalAssetsGrp/EOYAmt05442391
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02140714
IRS990/TotalEmployeeCnt042

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$5.44$3.20$2.24$2.79$2.86$0.06
2023Summary only. Only limited summary data is available for this year.$5.44$3.20$2.24$2.79$2.86$0.06
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.90$2.59$2.31$1.68$1.23$0.46
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.29$2.44$1.85$1.09$0.92$0.17
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.02$2.30$1.72$0.75$0.64$0.11
2019Summary only. Only limited summary data is available for this year.$3.91$2.30$1.61$0.68$0.77$0.09
2018Summary only. Only limited summary data is available for this year.$4.02$2.31$1.70$1.11$1.13$0.02
2017Summary only. Only limited summary data is available for this year.$4.04$2.32$1.72$1.02$1.06$0.04
2016Summary only. Only limited summary data is available for this year.$4.09$2.32$1.77$0.96$1.04$0.08
2015Summary only. Only limited summary data is available for this year.$4.19$2.36$1.84$0.92$1.01$0.09
2014Summary only. Only limited summary data is available for this year.$4.26$2.32$1.93$0.90$0.97$0.07
2013Summary only. Only limited summary data is available for this year.$4.35$2.34$2.01$0.94$1.16$0.22
2012Summary only. Only limited summary data is available for this year.$4.41$4.30$0.11$0.99$0.97$0.02
2011Summary only. Only limited summary data is available for this year.$3.27$3.18$0.09$1.14$1.22$0.08