Servants of the Word 
The information on this page was last updated 3/22/2023. If you see errors or omissions, please email: [email protected]
Summary
Bringing hope to those who are hungry.
Contact information
Mailing address:
Servants of the Word
226 Warren Street
Glens Falls, NY 12801
Website: opendoor-ny.org
Phone: 518-792-5900
Email: [email protected]
Organization details
EIN: 222212538
CEO/President: Jaime Munyon
Chairman: Jeffrey A. Purner
Board size: 6
Founder: Ernie Blanchette
Ruling year: 1978
Tax deductible: Yes
Fiscal year end: 09/30
Member of ECFA: Yes
Member of ECFA since: 2017
Purpose
Open Door's vision is to foster life transformation in a compassionate collaborative community where the marginalized feel safe asking for help, resources are accessible, and all are treated with dignity.
Mission statement
The Open Door exists to serve people at their point of need, cultivating personal growth and community sustainability. Serving those individuals who are homeless and low income. We model our Faith in Jesus by providing practical solutions, to physical, spiritual, and relational brokenness.
Statement of faith
Each member of the governing body of Open Door Mission, the Board of Directors, as a qualification for office, shall subscribe before taking office and yearly thereafter to his or her behalf in the following statement of faith:
While recognizing and respecting the various differences, doctrinal and otherwise, among denominations and churches, this Corporation affirms its adherence to the following statement of faith:
We believe the Bible to be the inspired, the only infallible, ultimately authoritative Word of God.
We believe there is one God, eternally existing as Father, Son, and Holy Spirit.
We believe that the Lord Jesus Christ is Deity, that He was born of a virgin, that we are redeemed by His atoning death through His shed blood, that He bodily resurrected and ascended into Heaven, and that He will come again in power and great glory.
We believe that individuals are saved through a direct, personal encounter with the risen Lord, at which time they are regenerated by the Holy Spirit.
We believe in the present ministry of the Holy Spirit, by whom Christ indwells each believer, enabling him or her to live in relationship with Him and to live a godly life of obedience as he or she reaches for maturity.
We believe the Holy Spirit unites all believers in the Lord Jesus Christ and that together they form one body, the church.
Donor confidence score
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Rescue Missions/Homeless Shelters
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 479 of 1106 | 50 of 140 |
| Fund acquisition rating | | 524 of 1107 | 68 of 140 |
| Resource allocation rating | | 580 of 1107 | 64 of 140 |
| Asset utilization rating | | 422 of 1106 | 46 of 140 |
Financial ratios
| Funding ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 11% | 11% | 15% | 24% | 30% | 25% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 10% | 11% | 15% | 22% | 27% | 21% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 93% | 99% | 100% | 90% | 88% | 84% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 11% | 15% | 19% | 26% | 29% | 30% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 7% | 1% | 0% | 10% | 12% | 16% |
| Operating ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Program expense ratio Program expense ratio = Program services / Total expenses | 79% | 80% | 76% | 70% | 65% | 62% |
Spending ratio Spending ratio = Total expenses / Total revenue | 90% | 69% | 78% | 83% | 93% | 72% |
Program output ratio Program output ratio = Program services / Total revenue | 71% | 55% | 59% | 58% | 60% | 45% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 10% | 31% | 22% | 17% | 7% | 28% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 7% | 38% | 38% | 22% | 8% | 38% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 9% | 4% | 5% | 4% | 7% | 8% |
| Investing ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.52 | 0.61 | 0.90 | 0.66 | 0.69 | 0.54 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.80 | 25.11 | 11.13 | 6.64 | 9.01 | 5.39 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.69 | 15.25 | 10.07 | 4.41 | 6.24 | 2.89 |
| Liquidity ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 13.05 | 2.43 | 4.63 | 2.77 | 1.50 | 1.18 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.41 | 0.22 | 0.36 | 0.66 | 0.84 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.30 | 0.46 | 0.93 | 1.74 | 0.64 | 0.64 |
| Solvency ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 8% | 27% | 32% | 39% | 35% | 46% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 26% | 30% | 29% | 28% | 30% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 157% | 120% | 75% | 92% | 94% | 102% |
Financials
| Balance sheet | |||||
| Assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Cash | $144,093 | $279,603 | $299,024 | $143,669 | $284,244 |
| Receivables, inventories, prepaids | $49,901 | $11,280 | $35,723 | $38,291 | $50,133 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $193,994 | $290,883 | $334,747 | $181,960 | $334,377 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $4,533,625 | $2,794,144 | $1,887,752 | $1,457,669 | $1,467,674 |
| Other long-term assets | $144,438 | $152,935 | $0 | $0 | $0 |
| Total long-term assets | $4,678,063 | $2,947,079 | $1,887,752 | $1,457,669 | $1,467,674 |
| Total assets | $4,872,057 | $3,237,962 | $2,222,499 | $1,639,629 | $1,802,051 |
| Liabilities | 2022 | 2021 | 2020 | 2019 | 2018 |
| Payables and accrued expenses | $79,943 | $62,775 | $120,633 | $72,416 | $49,481 |
| Other current liabilities | $0 | $0 | $0 | $48,574 | $233,060 |
| Total current liabilities | $79,943 | $62,775 | $120,633 | $120,990 | $282,541 |
| Debt | $1,252,507 | $986,928 | $634,367 | $453,465 | $539,436 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $105,900 | $0 | $0 |
| Total long-term liabilities | $1,252,507 | $986,928 | $740,267 | $453,465 | $539,436 |
| Total liabilities | $1,332,450 | $1,049,703 | $860,900 | $574,455 | $821,977 |
| Net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Without donor restrictions | $3,143,223 | $1,791,878 | $1,202,744 | $989,376 | $929,941 |
| With donor restrictions | $396,384 | $396,381 | $158,855 | $75,798 | $50,133 |
| Net assets | $3,539,607 | $2,188,259 | $1,361,599 | $1,065,174 | $980,074 |
| Revenues and expenses | |||||
| Revenue | 2022 | 2021 | 2020 | 2019 | 2018 |
| Total contributions | $4,281,866 | $3,747,617 | $1,598,944 | $1,074,507 | $1,123,660 |
| Program service revenue | $0 | $1,120 | $170,749 | $128,818 | $184,053 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | ($1) | $77 | $0 | $800 | $12 |
| Other revenue | $27,798 | $8,162 | $2,587 | $15,817 | $32,987 |
| Total other revenue | $27,797 | $9,359 | $173,336 | $145,435 | $217,052 |
| Total revenue | $4,309,663 | $3,756,976 | $1,772,280 | $1,219,942 | $1,340,712 |
| Expenses | 2022 | 2021 | 2020 | 2019 | 2018 |
| Program services | $2,371,671 | $2,230,002 | $1,035,078 | $734,239 | $598,926 |
| Management and general | $130,538 | $135,158 | $55,423 | $76,689 | $81,064 |
| Fundraising | $456,106 | $565,156 | $385,354 | $323,914 | $285,521 |
| Total expenses | $2,958,315 | $2,930,316 | $1,475,855 | $1,134,842 | $965,511 |
| Change in net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Surplus (deficit) | $1,351,348 | $826,660 | $296,425 | $85,100 | $375,201 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $1,351,348 | $826,660 | $296,425 | $85,100 | $375,201 |
Compensation
| Name | Title | Compensation |
| Lorin Crider | Director of Operations | $49,845 |
| Jamie Munyon | Executive Director | $44,685 |
| Dean Brown | Former Interim President | $40,891 |
| Kim Cook | Former President | $28,743 |
Compensation data as of: 9/30/2022
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 3/22/2023. To update the information below, please email: [email protected]
History
Program accomplishments
The Mission serves, on average, more than 1,600 meals a month. It also provides temporary sanctuary to those people experiencing temporary homelessness. A 52-bed shelter will open in the fall of 2022 to expand its capacity to serve even more people. 226 Warren Street is also the site for Code Blue Shelter, a winter program designed to provide safety and protection from inclement winter weather.
The emergency food pantry provides over 20,000 meals and 254,196 pounds of food to 2,600 individuals and families. The Mission also distributes thousands of pounds of gleaned & other food items to local social service organizations. We also partner with a local school to provide weekend lunches for 64 identified "at-risk" students.