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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.
Why isn't this based on more recent data?

Opportunity Fund is a nonprofit financial institution that advances the economic well-being of working people by helping them earn, save, and invest in the future. Our strategy combines microloans for small businesses, microsavings accounts, and community real estate financing. As one of the nation's leading microfinance providers, Opportunity Fund Community Development began based on the idea that small amounts of money and financial advice could help people make permanent and lasting change to improve their own lives. Since making our first loan in 1995, our team has deployed $600 million into our communities.

Opportunity Fund is a nonprofit financial institution that advances the economic well-being of working people by helping them earn, save, and invest in the future. Our strategy combines microloans for small businesses, microsavings accounts, and community real estate financing. As one of the nation's leading microfinance providers, Opportunity Fund Community Development began based on the idea that small amounts of money and financial advice could help people make permanent and lasting change to improve their own lives. Since making our first loan in 1995, our team has deployed $600 million into our communities.

Impact Information

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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
Total in 2017
Number of loans issued
2,188
Total dollar amount of loans issued
65,714,200
Number of jobs created and maintained
6,234
This organization has earned a GuideStar's Platinum Seal of Transparency by voluntarily sharing the measures of progress and results they use to pursue their mission. Organizations earn Platinum Seals by selecting from a catalog of over 900 expert recognized metrics or by creating a new metric that best fits their work. This information is reported by the organization and displayed publicly on their GuideStar Nonprofit Profile. With over 1.6 million Nonprofit Profiles, 9 million annual visitors and over 200 data partners, GuideStar is the world's leading source of information about nonprofit organizations. A nonprofit itself, GuideStar is dedicated to providing better data for better decisions for a better world.
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This impact information is current as of January 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.

Learn more about how we calculate the overall score and rating.

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.
Why isn't this based on more recent data?
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.
Information Provided on the Form 990  
  Independent Voting Board Members
  No Material diversion of assets
  Audited financials prepared by independent accountant
  Does Not Provide Loan(s) to or Receive Loan(s) From related parties
  Documents Board Meeting Minutes
  Provided copy of Form 990 to organization's governing body in advance of filing
  Conflict of Interest Policy
  Whistleblower Policy
  Records Retention and Destruction Policy
  CEO listed with salary
  Process for determining CEO compensation
  Board Listed / Board Members Not Compensated
Is the following information easily accessible on the charity's website?  
  Donor Privacy Policy
  Board Members Listed
  Audited Financials
  Form 990
  Key staff listed

Highly Rated

Charity Name & State Overall Score Overall Rating
Opportunity Fund Community Development (CA) 91.49 four stars
Commonwealth (MA) 91.42 four stars
Accion East (NY) 92.29 four stars
LiftFund (TX) 91.10 four stars
Tides Center (CA) 96.28 four stars

Compare These Charities (Highly Rated)

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

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

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
Foundation for Financial Planning (DC) 93.78 four stars
Women's Business Development Center (IL) 94.13 four stars
Four Bands Community Fund (SD) 88.22 three stars
Hope Enterprise Corporation (MS) 85.64 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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