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Community Development : Housing and Neighborhood Development

Opportunity Fund Community Development

Working capital for working people

four stars

91.53

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 91.53 four stars
  Financial 88.71 three stars
  Accountability & Transparency 96.00 four stars
This rating was published 12/01/2017 and includes data from FY2016, the most recent 990 received at that time.

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.

Results Information

Reported Results
Showing 3 of 4
Total in 2016
Number of loans issued
2,200
Total dollar amount of loans issued
60,000,000
Percentage of small business borrowers staying in business
93
Number of savings accounts used by clients
502
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This results data is current as of November 2017, when it was provided to us by GuideStar. Results information published on this organization's rating page has no effect on its rating at this time. data iconLearn More

Financial

three stars

88.71

Accountability & Transparency

four stars

96.00

This rating was published 12/01/2017 and includes data from FY2016, 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)
80.5%
  Administrative Expenses 11.2%
  Fundraising Expenses 8.2%
  Fundraising Efficiency $0.11
  Working Capital Ratio (years) 2.23
  Program Expenses Growth 26.6%
  Liabilities to Assets 66.0%
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) 91.53 four stars
Accion East (NY) 92.20 four stars
Hebrew Free Loan of Metropolitan Detroit (MI) 94.35 four stars
Tides Center (CA) 90.69 four stars
ACCION San Diego (CA) 94.74 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $6,248,084
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $104,306
   Related Organizations $0
   Government Grants $2,117,992
Total Contributions $8,470,382
   Program Service Revenue $9,883,104
Total Primary Revenue $18,353,486
   Other Revenue $-62,066
TOTAL REVENUE $18,291,420
   
EXPENSES  
   Program Expenses $11,519,222
   Administrative Expenses $1,600,237
   Fundraising Expenses $964,777
TOTAL FUNCTIONAL EXPENSES $14,084,236
   
Payments to Affiliates $0
Excess (or Deficit) for the year $4,207,184
   
Net Assets $25,615,467

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 $8,676,834 75.3%
Savings Program $1,554,148 13.5%
New Market Tax Credits Program $559,069 4.9%

Ratings History
Opportunity Fund Community Development has received 6 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
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, 2016
  • June, 2015
  • June, 2014
  • June, 2013
  • June, 2012

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
$207,110 1.47% Eric Weaver Chief Executive Officer
Other Salaries of Note
$207,146 1.47% Zuri Ruiz President & COO

Highly Rated

Charity Name & State Overall Score Overall Rating
Opportunity Fund Community Development (CA) 91.53 four stars
Commonwealth (MA) 91.72 four stars
ACCION New Mexico (NM) 93.98 four stars
Four Bands Community Fund (SD) 94.14 four stars
Accion East (NY) 92.20 four 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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