As far as I can tell the board is working correctly but needs to be reset to factory defaults so it can be reprogrammed. This is a popular board and instructions/support on how to do this can be found online.
I tested with an LCD keypad this came with (being sold separately) and hey worked as expected but since I did not know the original password was not able to test fully.I believe you have to hook up to this with a serial connector and a computer to reset to default password. Being sold as-is but described honestly. I can email you a copy of the manual or you can still download.
Metal wall cabinet is in pretty good shape. No key.
Send your zip code for ship cost- should be between $8.95 and $17.95 if you are in the continental USA (Nov. 2012).