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Community Development : Housing and Neighborhood Development

Opportunity Fund Community Development

Working capital for working people

impact data icon

Impact Information is available from our partner, GuideStar

four stars

91.49

111 West Saint John Street Suite 800
San Jose, CA 95113
tel: (408) 297-0204   Web Site
EIN: 31-1719434

Board Leadership
Greg Avis
Chair

CEO
Luz Urrutia
Chief Executive Officer

 
 
  Score
(out of 100)
Rating
Overall Score & Rating 91.49 four stars
  Financial 88.65 three stars
  Accountability & Transparency 96.00 four stars
This rating was published 09/01/2018 and includes data from FY2017, the most recent 990 received at that time.

Opportunity Fund, the nation's leading nonprofit microfinance and small business lender, believes affordable and responsible capital helps working class entrepreneurs make lasting change in their own lives and build stronger communities by growing businesses and creating jobs. Opportunity Fund's community of donors and investors is creating an inclusive financial system that empowers women, minority, veteran, immigrant and other underserved small business owners. Our strategy combines micro - and small dollar loans for entrepreneurs and New Markets Tax Credit investments in high-impact community infrastructure projects. Since 1994, Opportunity Fund has deployed more than $750 million and helped thousands of entrepreneurs invest in their families' futures. The organization has committed to lending an additional $1.2 billion to small business owners across the country and investing $174 million in community real estate projects by 2023.

Opportunity Fund, the nation's leading nonprofit microfinance and small business lender, believes affordable and responsible capital helps working class entrepreneurs make lasting change in their own lives and build stronger communities by growing businesses and creating jobs. Opportunity Fund's community of donors and investors is creating an inclusive financial system that empowers women, minority, veteran, immigrant and other underserved small business owners. Our strategy combines micro - and small dollar loans for entrepreneurs and New Markets Tax Credit investments in high-impact community infrastructure projects. Since 1994, Opportunity Fund has deployed more than $750 million and helped thousands of entrepreneurs invest in their families' futures. The organization has committed to lending an additional $1.2 billion to small business owners across the country and investing $174 million in community real estate projects by 2023.

Impact Information

GuideStar is Charity Navigator's trusted partner in sharing information on how this organization seeks impact.  GuideStar has recognized this organization with a Platinum Seal of Transparency for voluntarily and publicly sharing information about how they measure their progress and results.  Learn More about Impact Information.
Reported Results
Showing 3 of 4
Total in 2018
Number of loans issued
2,985
Total dollar amount of loans issued
92,684,900
Number of jobs created and maintained
9,091
Percentage of small business borrowers staying in business
94
This impact information is current as of March 2019, when it was provided to us by GuideStar. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

three stars

88.65

Accountability & Transparency

four stars

96.00

This rating was published 09/01/2018 and includes data from FY2017, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
80.3%
  Administrative Expenses 10.7%
  Fundraising Expenses 8.8%
  Fundraising Efficiency $0.14
  Working Capital Ratio (years) 1.93
  Program Expenses Growth 26.4%
  Liabilities to Assets 66.8%
All data for Financial Performance Metrics calculations was provided by Opportunity Fund Community Development on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Opportunity Fund Community Development on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Opportunity Fund Community Development (CA) 91.49 four stars
Hebrew Free Loan of Metropolitan Detroit (MI) 89.19 three stars
Foundation for Financial Planning (DC) 96.23 four stars
Association for Enterprise Opportunity (DC) 92.20 four stars
Ventures (WA) 90.41 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $8,808,874
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $143,533
   Related Organizations $0
   Government Grants $259,829
Total Contributions $9,212,236
   Program Service Revenue $12,854,807
Total Primary Revenue $22,067,043
   Other Revenue $-145,030
TOTAL REVENUE $21,922,013
   
EXPENSES  
   Program Expenses $15,197,019
   Administrative Expenses $1,985,240
   Fundraising Expenses $1,896,053
TOTAL FUNCTIONAL EXPENSES $19,078,312
   
Payments to Affiliates $0
Excess (or Deficit) for the year $2,843,701
   
Net Assets $28,445,686

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Small Business Loan Program $12,704,874 83.6%
Savings Program $1,510,986 9.9%
New Market Tax Credits Program $599,162 3.9%

Ratings History
Opportunity Fund Community Development has received 7 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-06 09/01/2018 91.49 four stars
2016-06 12/01/2017 91.53 four stars
2015-06 11/01/2016 91.39 four stars
2014-06 06/01/2016 91.62 four stars
 
CN 2.0
2014-06 10/01/2015 95.72 four stars
2013-06 11/01/2014 93.59 four stars
2012-06 09/01/2013 97.09 four stars
2011-06 07/01/2012 97.62 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 31-1719434
Name in IRS Master File OPPORTUNITY FUND COMMUNITY DEVELOPMENT
NTEE Code S31
NTEE Classification Urban, Community Economic Development
NTEE Type Community Improvement, Capacity Building
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date October, 2000
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
  • June, 2013
Compensation % of Expenses Paid to Title
$212,083 1.11% Eric Weaver Chief Executive Officer
Other Salaries of Note
$183,831 0.96% Zuri Ruiz President & COO

Highly Rated

Charity Name & State Overall Score Overall Rating
Opportunity Fund Community Development (CA) 91.49 four stars
ACCION San Diego (CA) 94.74 four stars
Tides Center (CA) 96.50 four stars
Hebrew Free Loan Society (NY) 89.65 three stars
Hebrew Free Loan of Metropolitan Detroit (MI) 89.19 three stars

Compare These Charities (Highly Rated)

This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Opportunity Fund Community Development
111 West Saint John Street
Suite 800
San Jose, CA 95113
tel: (408) 297-0204
fax: (408) 297-4599
EIN: 31-1719434

Visit Web Site

Board Leadership

Greg Avis
Chair

CEO

Luz Urrutia
Chief Executive Officer

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