Open Door Home

Charity Navigator Rating: Needs Improvement

Open Door Home has received a Two-Star out of Four Star rating from Charity Navigator, indicating room for improvement in its overall accountability and financial management. While the organization has a strong independent board and solid program expense ratio, significant weaknesses are noted, particularly in the area of financial statement transparency and the absence of essential policies such as conflict of interest and whistleblower protections.

Strengths include a fully independent board and a favorable liabilities to assets ratio, showcasing a stable financial foundation. However, the lack of publicly available financial statements and critical governance policies raises concerns about the organization’s transparency and accountability practices. This could potentially affect donor trust and support.

The organization may benefit from addressing these weaknesses to enhance its operational effectiveness and improve its rating. By implementing the necessary financial reporting and governance policies, Open Door Home can work towards better accountability and potentially increase its credibility among stakeholders and supporters.

This AI summary has been generated from information found on Charity Navigator.

Open Door Home is a legitimate nonprofit organization registered as a 501(c)(3) entity. Open Door Home submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Heare are some key statistics you may want to consider:

Executive Compensation: $93,977
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,052,636

For more financial information, click here

Official website here: www.opendoorhome.org