OPEN DOOR FAMILY MEDICAL CENTER INC
Mission Statement
About Open Door Family Medical Centers Since 1972, Open Door has provided quality health care and human services at affordable prices to lowincome, under-served residents and those lacking access to health care. Open Door offers 13 accessible locations, including centers in Port Chester, Mamaroneck, Ossining, Sleepy Hollow, Mount Kisco, and Brewster, seven school-based health centers in Port Chester and Ossining, and two mobile dental vans. Open Door emphasizes access with a sliding scale fee discount, convenient hours and locations, and a bilingual, multicultural, and culturally competent staff. In additional to primary medical, dental, and mental health care, Open Door provides nutrition, wellness, women’s health, vision, HIV, podiatry, physical therapy, ultrasound services, and has been recognized by the New York State Department of Health for outstanding outreach efforts for women, infants and children. Together with Phelps Hospital, Northwell Health and Hofstra Northwell School of Medicine, Open Door operates and hosts a family medicine residency program that helps meet community need now while establishing the health care workforce of tomorrow trained in, community health, the Patient Centered Medical Home model, care of the underserved, and data use for improving population care. Similarly, Open Door - together with Phelps Hospital, Northwell Health and New York Medical College - operates and hosts a dental residency program Throughout our growth, Open Door has maintained the highest standards for care, better clinical outcomes than our peers, and external validation from national accreditation agencies. Today, Open Door is one of the largest, most decorated health care providers, annually serving over 60,000 patients.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
85.2% | 84.6% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
14.8% | 14.6% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
27.2 mo | 6.8 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
13.0% | 35.3% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
63.2% | 92.5% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-9.2% | 7.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
1.3% | 7.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-6.4% | 1.0% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $66.4M | $70.6M | $159.9M | 85.2% | 635 |
| 2023 | $73.1M | $69.7M | $152.9M | 85.1% | 639 |
| 2022 | $75.7M | $67.2M | $136.0M | 86.8% | 674 |
| 2021 | $65.5M | $64.0M | N/A | — | 655 |
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