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Community Development : Housing and Neighborhood Development
Impact Information is available from our partner, GuideStar
Board Leadership
Greg Avis
Chair
CEO
Luz Urrutia
Chief Executive Officer
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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.
88.65
96.00
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% |
Charity Name & State | Overall Score | Overall Rating |
---|---|---|
Opportunity Fund Community Development (CA) | 91.49 | |
Commonwealth (MA) | 91.42 | |
Accion East (NY) | 92.29 | |
LiftFund (TX) | 91.10 | |
Tides Center (CA) | 96.28 |
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% |
Form 990 FYE | Date Published | Overall Score | Overall Rating | ||||||
---|---|---|---|---|---|---|---|---|---|
CN 2.1 | |||||||||
2017-06 | 09/01/2018 | 91.49 | |||||||
2016-06 | 12/01/2017 | 91.53 | |||||||
2015-06 | 11/01/2016 | 91.39 | |||||||
2014-06 | 06/01/2016 | 91.62 | |||||||
CN 2.0 | |||||||||
2014-06 | 10/01/2015 | 95.72 | |||||||
2013-06 | 11/01/2014 | 93.59 | |||||||
2012-06 | 09/01/2013 | 97.09 | |||||||
2011-06 | 07/01/2012 | 97.62 |
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!)
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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 |
Charity Name & State | Overall Score | Overall Rating |
---|---|---|
Opportunity Fund Community Development (CA) | 91.49 | |
Foundation for Financial Planning (DC) | 93.78 | |
Women's Business Development Center (IL) | 94.13 | |
Four Bands Community Fund (SD) | 88.22 | |
Hope Enterprise Corporation (MS) | 85.64 |
This charity has an official representative registered with Charity Navigator.
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
Greg Avis
Chair
Luz Urrutia
Chief Executive Officer
Charity Navigator
139 Harristown Rd Suite 101
Glen Rock, NJ 07452
Charity Navigator
139 Harristown Rd Suite 101
Glen Rock, NJ 07452