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Community Development : Housing and Neighborhood Development

Opportunity Fund Northern California

Working capital for working people

four stars

91.39

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

Board Leadership
Susan Harper
Chair

CEO
Eric Weaver
Chief Executive Officer

 
 
  Score
(out of 100)		 Rating
Overall Score & Rating 91.39 four stars
  Financial 88.51 three stars
  Accountability & Transparency 96.00 four stars
This rating was published 11/01/2016 and includes data from FY2015, the most recent 990 received at that time.
Why isn't this based on more recent data?

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

Financial

three stars

88.51

Accountability & Transparency

four stars

96.00

This rating was published 11/01/2016 and includes data from FY2015, 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)		 79.8%
  Administrative Expenses 11.6%
  Fundraising Expenses 8.5%
  Fundraising Efficiency $0.11
  Working Capital Ratio (years) 2.34
  Program Expenses Growth 14.5%
  Liabilities to Assets 57.7%
All data for Financial Performance Metrics calculations was provided by Opportunity Fund Northern California on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Opportunity Fund Northern California 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 Northern California (CA) 91.39 four stars
Four Bands Community Fund (SD) 94.14 four stars
Hebrew Free Loan Society (NY) 88.55 three stars
Accion East (NY) 91.13 four stars
Goodcity (IL) 90.85 four stars

Compare These Charities (Highly Rated)

Opportunity Fund is a not-for-profit social enterprise helping thousands of California families build financial stability. Our strategy combines microloans for small businesses, microsavings accounts, and community real estate financing. Now California's leading microfinance provider, Opportunity Fund 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 $280 million into our communities.

REVENUE  
Contributions  
   Contributions, Gifts & Grants $6,832,594
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $185,500
   Related Organizations $0
   Government Grants $2,533,781
Total Contributions $9,551,875
   Program Service Revenue $6,943,273
Total Primary Revenue $16,495,148
   Other Revenue $-129,139
TOTAL REVENUE $16,366,009
   
EXPENSES  
   Program Expenses $8,667,201
   Administrative Expenses $1,125,617
   Fundraising Expenses $1,055,424
TOTAL FUNCTIONAL EXPENSES $10,848,242
   
Payments to Affiliates $0
Excess (or Deficit) for the year $5,517,767
   
Net Assets $21,396,410

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 $5,743,207 66.3%
Savings Program $1,628,564 18.8%
New Market Tax Credits Program $590,827 6.8%

Ratings History
Opportunity Fund Northern California has received 5 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
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 NORTHERN CALIFORNIA
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, 2015
  • June, 2014
  • June, 2013
  • June, 2012
  • June, 2011

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).

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Compensation % of Expenses Paid to Title
$198,352 1.82% Eric Weaver CEO

Opportunity Fund is a not-for-profit social enterprise helping thousands of California families build financial stability. Our strategy combines microloans for small businesses, microsavings accounts, and community real estate financing. Now California's leading microfinance provider, Opportunity Fund 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 $280 million into our communities.

Highly Rated

Charity Name & State Overall Score Overall Rating
Opportunity Fund Northern California (CA) 91.39 four stars
Accion East (NY) 91.13 four stars
Goodcity (IL) 90.85 four stars
Hebrew Free Loan Society (NY) 88.55 three stars
LiftFund (TX) 92.38 four stars

Compare These Charities (Highly Rated)

This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Opportunity Fund Northern California
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

Susan Harper
Chair

CEO

Eric Weaver
Chief Executive Officer

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