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

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Transparency grade

A

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Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating606 of 111283 of 141
Fund acquisition rating499 of 111464 of 141
Resource allocation rating485 of 111466 of 141
Asset utilization rating758 of 1112103 of 141

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
12%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 ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%80%76%70%65%62%
Spending ratio Spending ratio =
Total expenses /
Total revenue
92%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
8%31%22%17%7%28%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
6%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 ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.530.610.900.660.690.54
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.8525.1111.136.649.015.39
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.8215.2510.074.416.242.89
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.522.434.632.771.501.18
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.410.220.360.660.84
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.000.460.931.740.640.64
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%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
154%120%75%92%94%102%

Financials

Balance sheet
 
Assets20222021202020192018
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
 
Liabilities20222021202020192018
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 assets20222021202020192018
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
 
Revenue20222021202020192018
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
 
Expenses20222021202020192018
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 assets20222021202020192018
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

NameTitleCompensation
Lorin CriderDirector of Operations$49,845
Jamie MunyonExecutive Director$44,685
Dean BrownFormer Interim President$40,891
Kim CookFormer 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.


Needs