Liabilities / Assets
84th percentile
Higher debt load relative to assets than 84% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.78x
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
59th percentile
Faster asset growth than 59% of similar nonprofits.
Revenue Growth
Score unavailable
No valid filing value is available for this score.
Balance Sheet
Assets
Up$10,287,918
Up $438,278 (+4.4%) from 2011
Net Assets
Down$2,246,461
Down $490,982 (-18%) from 2011
Liabilities
Up$8,041,457
Up $929,260 (+13%) from 2011
Revenue And Expenses
Revenue
-
No earlier filing loaded for comparison.
Expenses
Down$1,305,907
Down $43,390 (-3.2%) from 2011
Net Income
-
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2012 to Dec 31, 2012
- Signed
- Aug 14, 2013
- Return Version
- 2012v2.1
- Gross Receipts
- $822,601
Mission and Program Overview
Mission
Opportunity Resource Fund (OppFund) promotes affordable housing, small business ownership, single family mortgages, strong communities, and fosters social and economic justice by providing loans and development services throughout the state of Michigan. By making funds available to those denied access to traditional capital, OppFund is breaking the cycle of poverty and assisting in the revitalization of Michigan neighborhoods and communities. Pre and post loan closing development services are a provision of services offered to individuals, nonprofits, and business owners.OppFund is a certified community development financial institution and functions as a revolving loan fund. It accepts socially motivated investments from individuals, not for profit organizations and banks with interest rates ranging generally from zero to three percent. These investment dollars are pooled to provide loans at affordable rates for real estate development, small business and homeownership loans.
Major Activities
- Activity 2
- OppFund has witnessed firsthand community investment is a growth catalyst for communities and those who live and work in those communities. To further ensure the success of its borrowers, development services are provided by staff, directly or through various partnerships with specialized providers or local learning institutions which have been strategically developed over time. This available, affordable capital, combined with critical financial and technical support, is a key factor and catalyst in successful community development.
Filing and Contact Details
Filer
- EIN
- 38-2784136
Raw XML AppendixShowing 400 of 851 raw XML fields
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| IRS990/Description | 0 | OppFund's history of successful lending spans more than 27 years. Commitment and diligence has earned OppFund a reputation as a solid, dependable, and flexible lender and development services provider in the state of Michigan. OppFund is recognized throughout the state and has strong relationships and positive partnerships with key concerns in Michigan's economic community. Since 1985, OppFund has loaned over $34.5 million providing 287 housing loans, 65 economic development loans, 11 consumer loans, and 12 single family loans, which in turn has leveraged almost $155 million of investment from public and private sources helping to create 2,493 units of affordable housing, 516 jobs, and ensuring at least 125 children are safer in organized daycare facilities. In addition, it allowed the development or rehabilitation of 327,358 square feet of primarily commercial space.OppFund's strategic plan, developed to guide it in its quest to lift Michigan out of poverty, includes a goal to lend almost $16.8 million over the next three years to further provide financing for the creation, renovation, and/or preservation of a projected 245 affordable homes, assist 75 individual homeowners, and help to fuel Michigan's economy with the creation of 205 jobs. Specifically, for 2012, OppFund loaned more than $1.4 million and leveraged more than $315,401 with the 2 housing loans and 11 single family loans closed. These loans helped to create 66 units of affordable housing and 2 jobs, and allowed the development or rehabilitation of 131,892 square feet of primarily commercial space. |
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| IRS990/ProgramServiceRevenue/Description | 3 | Other Income |
| IRS990/ProgramServiceRevenuePriorYear | 0 | 543544 |
| IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome | 0 | 501813 |
| IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome | 1 | 53639 |
| IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome | 2 | 22000 |
| IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome | 3 | 3084 |
| IRS990/ProgramServiceRevenue/TotalRevenueColumn | 0 | 501813 |
| IRS990/ProgramServiceRevenue/TotalRevenueColumn | 1 | 53639 |
| IRS990/ProgramServiceRevenue/TotalRevenueColumn | 2 | 22000 |
| IRS990/ProgramServiceRevenue/TotalRevenueColumn | 3 | 3084 |
| IRS990/ProhibitedTaxShelterTrans | 0 | 0 |
| IRS990/QuidProQuoContributions | 0 | 1 |
| IRS990/QuidProQuoDisclosure | 0 | 1 |
| IRS990/ReconcilationOtherChanges | 0 | 0 |
| IRS990/ReconcilationRevenueExpenses | 0 | -490982 |
| IRS990/RegularMonitoringEnforcement | 0 | 1 |
| IRS990/RelatedEntity | 0 | 0 |
| IRS990/RelatedOrgControlledEntity | 0 | 0 |
| IRS990/RentalIncomeOrLoss/Real | 0 | 7170 |
| IRS990/ReportFin48Footnote | 0 | 1 |
| IRS990/ReportInvestOthSecurities | 0 | 0 |
| IRS990/ReportLandBldgEquip | 0 | 1 |
| IRS990/ReportOtherAssets | 0 | 0 |
| IRS990/ReportOtherLiabilities | 0 | 1 |
| IRS990/ReportProgRelInvest | 0 | 0 |
| IRS990/Revenue | 0 | 577452 |
| IRS990/RevenuesLessExpensesCY | 0 | -490982 |
| IRS990/RevenuesLessExpensesPriorYear | 0 | 274496 |
| IRS990/SalariesEtcCurrentYear | 0 | 732866 |
| IRS990/SalariesEtcPriorYear | 0 | 819548 |
| IRS990/SavingsAndTempCashInvestments/BOY | 0 | 1734051 |
| IRS990/SavingsAndTempCashInvestments/EOY | 0 | 1602264 |
| IRS990ScheduleA/AmtsFromSubstContributors/CurrentTaxYear | 0 | 123652 |
| IRS990ScheduleA/AmtsFromSubstContributors/CurrentTaxYearMinus1Year | 0 | 1081609 |
| IRS990ScheduleA/AmtsFromSubstContributors/CurrentTaxYearMinus2Years | 0 | 2248590 |
| IRS990ScheduleA/AmtsFromSubstContributors/CurrentTaxYearMinus3Years | 0 | 980000 |
| IRS990ScheduleA/AmtsFromSubstContributors/CurrentTaxYearMinus4Years | 0 | 350117 |
| IRS990ScheduleA/AmtsFromSubstContributors/Total | 0 | 4783968 |
| IRS990ScheduleA/AmtsRecdFromDisqualPersons/CurrentTaxYear | 0 | 30000 |
| IRS990ScheduleA/AmtsRecdFromDisqualPersons/CurrentTaxYearMinus1Year | 0 | 25000 |
| IRS990ScheduleA/AmtsRecdFromDisqualPersons/CurrentTaxYearMinus2Years | 0 | 15000 |
| IRS990ScheduleA/AmtsRecdFromDisqualPersons/CurrentTaxYearMinus3Years | 0 | 5000 |
| IRS990ScheduleA/AmtsRecdFromDisqualPersons/CurrentTaxYearMinus4Years | 0 | 5000 |
| IRS990ScheduleA/AmtsRecdFromDisqualPersons/Total | 0 | 80000 |
| IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYear | 0 | 218735 |
| IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYearMinus1Year | 0 | 1068224 |
| IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYearMinus2Years | 0 | 2429876 |
| IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYearMinus3Years | 0 | 1091964 |
| IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYearMinus4Years | 0 | 438968 |
| IRS990ScheduleA/GiftsGrantsContribReceived509/Total | 0 | 5247767 |
| IRS990ScheduleA/GrossInvestmentIncome509/CurrentTaxYear | 0 | 18105 |
| IRS990ScheduleA/GrossInvestmentIncome509/CurrentTaxYearMinus1Year | 0 | 13306 |
| IRS990ScheduleA/GrossInvestmentIncome509/CurrentTaxYearMinus2Years | 0 | 7364 |
| IRS990ScheduleA/GrossInvestmentIncome509/CurrentTaxYearMinus3Years | 0 | 7451 |
| IRS990ScheduleA/GrossInvestmentIncome509/CurrentTaxYearMinus4Years | 0 | 20135 |
| IRS990ScheduleA/GrossInvestmentIncome509/Total | 0 | 66361 |
| IRS990ScheduleA/GrossReceiptsFromAdmissions/CurrentTaxYear | 0 | 580536 |
| IRS990ScheduleA/GrossReceiptsFromAdmissions/CurrentTaxYearMinus1Year | 0 | 543544 |
| IRS990ScheduleA/GrossReceiptsFromAdmissions/CurrentTaxYearMinus2Years | 0 | 509221 |
| IRS990ScheduleA/GrossReceiptsFromAdmissions/CurrentTaxYearMinus3Years | 0 | 534092 |
| IRS990ScheduleA/GrossReceiptsFromAdmissions/CurrentTaxYearMinus4Years | 0 | 625002 |
| IRS990ScheduleA/GrossReceiptsFromAdmissions/Total | 0 | 2792395 |
| IRS990ScheduleA/InvestmentIncomeAndUBTI/CurrentTaxYear | 0 | 18105 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $10,287,918
- Liabilities
- $8,041,457
- Net assets
- $2,246,461
- Revenue
- -
- Expenses
- $1,305,907
- Net income
- -