Freehold Area Open Door Inc
Freehold Area Open Door Inc: Strong Mission, Financial Stability Concerns
EIN: 222796807 · Freehold, NJ · NTEE: L41Z · Updated: 2026-04-04
About Freehold Area Open Door Inc
Freehold Area Open Door Inc (EIN: 222796807) is a nonprofit organization based in Freehold, NJ, classified under NTEE code L41Z. The organization reported total revenue of $1.5M and total assets of $159K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Freehold Area Open Door Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Freehold Area Open Door Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Freehold Area Open Door Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is not detailed in the provided data, preventing a specific assessment of its reasonableness relative to the organization's size and mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Freehold Area Open Door Inc's IRS 990 filings:
- Net assets have declined from $308,370 in 2021 to $159,115 in 2023, indicating a concerning trend in financial reserves.
- Expenses have exceeded revenue in multiple years (e.g., 2023: revenue $1,478,844 vs. expenses $1,504,490; 2022: revenue $1,454,567 vs. expenses $1,552,460), suggesting potential operational deficits.
- The organization's liabilities are consistently reported as $0, which could be a reporting anomaly or indicate a very lean operational structure.
Strengths
The following positive indicators were identified for Freehold Area Open Door Inc:
- Consistent revenue generation, with significant growth from $342,476 in 2018 to $1,454,983 in 2023.
- The organization has maintained a presence and continued operations for many years, demonstrating resilience.
- The 'L41Z' nonprofit type suggests a focus on social services, aligning with a strong community mission.
Frequently Asked Questions about Freehold Area Open Door Inc
What does Freehold Area Open Door Inc do?
Freehold Area Open Door Inc is a nonprofit organization in the Housing & Shelter sector, located in Freehold, New Jersey. It is classified under NTEE code L41Z.
How much revenue does Freehold Area Open Door Inc have?
Freehold Area Open Door Inc reported total revenue of $1,454,983. Based on 13 IRS 990 filings on record.
What are Freehold Area Open Door Inc's total assets?
Freehold Area Open Door Inc holds total assets of $159,115 as reported in IRS 990 filings.
Where is Freehold Area Open Door Inc located?
Freehold Area Open Door Inc is based in Freehold, New Jersey.
What is Freehold Area Open Door Inc's EIN?
Freehold Area Open Door Inc's Employer Identification Number (EIN) is 222796807. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Freehold Area Open Door Inc?
Freehold Area Open Door Inc is classified under NTEE code L41Z (Housing & Shelter).
Is Freehold Area Open Door Inc a registered 501(c)(3)?
Yes, Freehold Area Open Door Inc is recognized as a tax-exempt organization by the IRS. EIN: 222796807.
Does Freehold Area Open Door Inc file IRS Form 990?
Yes, Freehold Area Open Door Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Freehold Area Open Door Inc's revenue in 2023?
In the 202312 filing period, Freehold Area Open Door Inc reported total revenue of $1,478,844, total expenses of $1,504,490, and net assets of $180,553.
Is Freehold Area Open Door Inc's revenue growing or declining?
Freehold Area Open Door Inc's revenue is relatively stable. Revenue went from $1,454,567 (202212) to $1,478,844 (202312), a +1.7% change. Based on 13 filings on record.
What is Freehold Area Open Door Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Freehold Area Open Door Inc covers tax period 202312. It shows revenue of $1,478,844, expenses of $1,504,490, total assets of $180,553, and liabilities of N/A.
How much does Freehold Area Open Door Inc spend on programs vs administration?
Based on IRS 990 analysis, Freehold Area Open Door Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Freehold Area Open Door Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Freehold Area Open Door Inc appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 3 strengths noted.
What are the red flags for Freehold Area Open Door Inc?
The following concerns were identified: Net assets have declined from $308,370 in 2021 to $159,115 in 2023, indicating a concerning trend in financial reserves.. Expenses have exceeded revenue in multiple years (e.g., 2023: revenue $1,478,844 vs. expenses $1,504,490; 2022: revenue $1,454,567 vs. expenses $1,552,460), suggesting potential operational deficits.. The organization's liabilities are consistently reported as $0, which could be a reporting anomaly or indicate a very lean operational structure.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Freehold Area Open Door Inc's strengths?
Positive indicators for Freehold Area Open Door Inc include: Consistent revenue generation, with significant growth from $342,476 in 2018 to $1,454,983 in 2023.. The organization has maintained a presence and continued operations for many years, demonstrating resilience.. The 'L41Z' nonprofit type suggests a focus on social services, aligning with a strong community mission.. These findings are derived from AI analysis of the organization's financial filings.
How does Freehold Area Open Door Inc compensate executives?
Executive compensation is not detailed in the provided data, preventing a specific assessment of its reasonableness relative to the organization's size and mission. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What specific programs or services are supported by the majority of the program spending?
The provided data does not detail specific programs, only overall revenue and expenses. Further investigation into their public-facing materials or detailed IRS filings would be needed to identify specific program allocations.
What is driving the consistent decline in net assets over the past few years?
The decline in net assets from $308,370 in 2021 to $159,115 in 2023 is primarily driven by expenses exceeding revenue in recent years, as seen in 2022 ($1,552,460 expenses vs. $1,454,567 revenue) and 2023 ($1,504,490 expenses vs. $1,478,844 revenue).
Filing History
IRS 990 filing history for Freehold Area Open Door Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Freehold Area Open Door Inc's revenue has grown by 190.3%, moving from $509K to $1.5M. Total assets decreased by 12.2% over the same period, from $206K to $181K. Total functional expenses rose by 209.1%, from $487K to $1.5M. In its most recent filing year (2023), Freehold Area Open Door Inc reported a deficit of $26K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.5M | $181K | $0 | — | View 990 |
| 2022 | $1.5M | $1.6M | $206K | $0 | — | View 990 |
| 2021 | $954K | $933K | $308K | $0 | — | View 990 |
| 2020 | $745K | $666K | $296K | $9K | — | View 990 |
| 2019 | $444K | $473K | $209K | $0 | — | View 990 |
| 2018 | $342K | $364K | $237K | $0 | — | View 990 |
| 2017 | $413K | $415K | $260K | $345 | — | — |
| 2016 | $483K | $417K | $262K | $0 | — | View 990 |
| 2015 | $459K | $516K | $196K | $0 | — | View 990 |
| 2014 | $522K | $525K | $253K | $0 | — | View 990 |
| 2013 | $527K | $521K | $256K | $0 | — | View 990 |
| 2012 | $513K | $469K | $250K | $0 | — | View 990 |
| 2011 | $509K | $487K | $206K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.5M, and assets of $181K (revenue +1.7% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.6M, and assets of $206K (revenue +52.5% year-over-year).
- 2021: Revenue of $954K, expenses of $933K, and assets of $308K (revenue +28.0% year-over-year).
- 2020: Revenue of $745K, expenses of $666K, and assets of $296K (revenue +67.8% year-over-year).
- 2019: Revenue of $444K, expenses of $473K, and assets of $209K (revenue +29.7% year-over-year).
- 2018: Revenue of $342K, expenses of $364K, and assets of $237K (revenue -17.0% year-over-year).
- 2017: Revenue of $413K, expenses of $415K, and assets of $260K (revenue -14.5% year-over-year).
- 2016: Revenue of $483K, expenses of $417K, and assets of $262K (revenue +5.2% year-over-year).
- 2015: Revenue of $459K, expenses of $516K, and assets of $196K (revenue -12.1% year-over-year).
- 2014: Revenue of $522K, expenses of $525K, and assets of $253K (revenue -0.9% year-over-year).
- 2013: Revenue of $527K, expenses of $521K, and assets of $256K (revenue +2.6% year-over-year).
- 2012: Revenue of $513K, expenses of $469K, and assets of $250K (revenue +0.8% year-over-year).
- 2011: Revenue of $509K, expenses of $487K, and assets of $206K.
Data Sources and Methodology
This transparency report for Freehold Area Open Door Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.