Opportunity Communities LLC

“Changes to oppco's bylaws are made by the board of managers and subject to the approval of the members.”

“Oppco has members who may elect members of the governing body.”

“Management provides a draft of the 990 to the board of directors of the organization for review. All desired changes are communicated to the tax preparer and considered for compliance with relevant tax laws prior to being applied and the tax return being filed.”

“The conflict of interest policy is reviewed with the board each year and the board signs off. Any new contracts are reviewed with the conflict of interest policy in mind. If any potential conflict arises it is reported to the board for discussion and review. In order to avoid the review process, any potential contracts that may present this problem are typically not seriously considered.”

“A written evaluation/review of the chief executive officer is prepared by each of the board managers and presented to the executive committee. The executive committee processes and assesses the evaluations and provides a recommendation on compensation to the board. The board makes the ultimate decision as to compensation by a full vote. The recommendation is based upon performance as well as salary and compensation data that is collected from other organizations involved in similar work and on a similar scale. The chief financial officer has an annual performance review as do all employees. The performance review is performed by the chief executive officer. Several factors are taken into consideration, feedback and observations from the board and the finance committee. An increase in salary is given if warranted by job performance and if the economics of the organization and budget allow for it. The salary is compared with others in the industry and geographic area.”

“Form 990 is available upon request at www.guidestar.org.”

“Governing documents and financial statements are available to the public upon request.”

“2024 amended form 990 explanation statement: opportunity communities llc "the organization" identified an error in its 2024 tax return form 990 part vii. Compensation reported under column d included the other benefits or benefits that should have been reported under column f. The organization is also correcting the amount of other compensation or benefits reported under column f. The organization is amending the 2024 tax return form 990 originally filed november 15, 2025 to address the unintended error. The changes in the amended 2024 tax return form 990 are as follows: 990 - part vii - compensation of officers, directors, trustees, key employees, highest compensated employees, and independent contractors * column d * column e * * as originally filed / as amended * as originally filed / as amended * kathleen mcgilvray - 193,233 / 193,233 * 19,464 / 13,871 nancy turner - 194,531 / 139,472 * 49,058 / 32,356 gail berlinger - 185,128 / 125,354 * 51,762 / 38,619 tamika fowler - 183,354 / 152,830 * 33,495 / 8,841 anne conway - 183,202 / 145,281 * 32,362 / 14,095 victoria gruber - 159,270 / 112,935 * 44,163 / 28,378 david gordon + 66,603 / 49,880 * 13,949 / 9,075 william morrison - 45,144 / 45,144 * 11,772 / 7,896 in addition to the adjustments made to the reported compensation and other compensation disclosed in form 990, part vii, the organization is also making the following corrections for the same form: - jessica boatright, previously listed in part vii as a director and officer, has been removed due to having no direct association with the organization during 2024. - the average weekly hours reported for kathleen mcgilvray have been updated from the originally stated 1 hour to the correct figure of 40 hours devoted to the organization.”

“Part viii - statement of revenue summary * column a * * as originally filed / as amended * 1f - all other contributions - 275,276 / 375,276 1h - total - 275,276 / 375,276 2a - management service fee - 4,663,561 / 4,670,199 2g - total - 4,663,561 / 4,670,199 3 - investment income - 102 / 11,591 12 - total revenue - 4,938,939 / 5,057,066 * column b * * as originally filed / as amended * 2a - management service fee - 4,663,561 / 4,670,199 2g - total - 4,663,561 / 4,670,199 12 - total revenue - 4,938,939 / 5,057,066 * column c * * as originally filed / as amended * 3 - investment income - 102 / 11,590 12 - total revenue - 102 / 11,590”

“2024 amended form 990 explanation statement: opportunity communities llc "the organization" is amending its 2024 tax return to include the 2024 activity of housing accelerated fund llc ein#99-0667287 "haf" for the 2024 taxable year. Haf is a single-member llc wholly owned by the organization. This amended 2024 tax return ensures that all 2024 activities of haf are accurately reflected in the organization's records and reporting for the year. The 2024 990 irs tax form changes are the following: 990 part i - summary 990 part viii - statement of revenue 990 part ix - statement of functional expenses 990 part x - balance sheet”

“990 part i summary * amended line - as originally filed / as amended * 8 - contributions and grants - 275,276 / 375,276 9 - program service revenue - 4,663,561 / 4,670,199 10 - investment income - 102 / 11,591 12 - total revenue - 4,938,939 / 5,057,066 15 - salaries - 3,080,302 / 3,089,934 17 - other expenses - 1,818,499 / 1,827,295 18 - total expenses - 4,898,801 / 4,917,229 19 - revenue less expenses - 40,138 / 139,837 20 - total assets - 864,676 / 2,964,458 21 - total liabilities - 725,997 / 2,726,080 22 - net asstets of fund balances - 138,679 / 238,378”

“Other: program service expenses 757,997. Management and general expenses 378,053. Fundraising expenses 11,899. Total expenses 1,147,949.”

“Part ix - statement of functional expenses summary * column a * column b * * as originally filed / as amended * as originally filed as amended 5 - compensation of current officers - 137,468 / 288,257 * 80,650 / 169,116 7 - other salaries and wages - 2,606,279 / 2,465,122 * 1,512,568 / 1,429,827 11b - fees for services: legal - 13,667 / 13,055 * - - 11g - other - 1,144,443 / 1,147,949 * 755,681 / 757,997 13 - office expenses - 220,651 / 226,553 * 42,161 / 42,336 25 - total functional expenses - 4,898,801 / 4,917,229 * 2,455,276 / 2,463,492 * column c * column d * * as originally filed / as amended * as originally filed / as amended * 5 - compensation of current officers - 53,727 / 112,659 * 3,091 / 6,482 7 - other salaries and wages - 1,039,955 / 984,490 * 53,756 / 50,805 11g - other - 376,899 / 378,053 * 11,863 / 11,899 13 - office expenses - 177,075 / 182,802 / 1,415 / 1,415 25 total functional expenses - 2,355,120/ 2,364,856 * 88,405 / 88,881”

“Part ix - balance sheet summary * column b * * as originally filed / as amended * 1 - cash - non-interest-bearing - 152,518/ 1,741,964 4 - accounts receivable, net - 669,484 / 659,852 7 - notes and loans receivable, net- 0 / 519,968 9 - prepaid expenses and deferred charges - 42,674 / 42,674 16 - total assets - 864,676 / 2,964,458 17 - accounts payable and accrued expenses - 290,326 / 345,224 24 - unsecured notes and loans payable to unrelated third parties - 0 / 2,000,000 25 - other liabilities - 435,671 / 380,856 26 - total liabilities - 725,997 / 2,726,080 27 - net assets without donor restrictions - 138,679 / 124,895 28 - net assets with donor restrictions 0 / 113,483 32 - total net assets or fund balances - 138,679 / 238,378 33 - total liabilities and net assets/fund balances - 864,676 / 2,964,458”

“NO CHANGE”