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Nonprofiteer
← PEOPLES OPPORTUNITY FUND

Form 990 for tax year 2022

Filed by PEOPLES OPPORTUNITY FUND.

Totals

Total revenue
$61,279
Total expenses
$11,027
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$61,279
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,433,702
Total liabilities, end of year
$77,136
Net assets or fund balances, end of year
$1,356,566
Program services expenses (Part IX)
$0
Management and general expenses
$11,027
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: INTEREST

    total $49,359 · related or exempt $49,359

  • 2b · Program service revenue: MTG DISCOUNT/LOANS INTEREST

    total $11,920 · related or exempt $11,920

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $10,927 · management and general $10,927

  • 24e · All other expenses

    total $100 · management and general $100

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $802,058 · end of year $798,331

  • 2 · Savings and temporary cash investments

    beginning of year $69,472 · end of year $69,485

  • 13 · Investments: program-related

    beginning of year $517,520 · end of year $565,886

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,000 · end of year $8,400

  • 25 · Other liabilities

    beginning of year $68,736 · end of year $68,736

  • 27 · Net assets without donor restrictions

    beginning of year $1,306,314 · end of year $1,356,566

Mission and programs · 2022

Mission

TO PROMOTE COMMUNITY DEVELOPMENT BY CREATING SOCIAL AND ECONOMIC OPPORTUNITIES FOR LOW TO MODERATE INCOME INDIVIDUALS, HOUSEHOLDS, UNDERSERVED OR MARGINALIZED PEOPLES AND ENTITIES IN ECONOMICALLY DISTRESSED COMMUNITIES.

Activities or mission (Part I)

TO PROMOTE COMMUNITY DEVELOPMENT BY CREATING SOCIAL AND ECONOMIC OPPORTUNITIES FOR LOW TO MODERATE INCOME INDIVIDUALS,HOUSEHOLDS, UNDERSERVED PEOPLES AND ENTITIES IN ECONOMICALLY DISTRESSED COMMUNITIES.

  • TO RAISE AND MANAGE CAPITAL IN THE FORM OF A REVOLVING LOAN POOL AND TO PROVIDE PRODUCTS AND SERVICES TO LOW TO MODERATE INCOME INDIVIDUALS OR HOUSEHOLDS, MARGINALIZED OR UNDERSERVED PEOPLES AND ENTITIES IN ECONOMICALLY DISTRESSED COMMUNITIES. THESE PRODUCTS AND SERVICES INCLUDE RESIDENTIAL LOANS, AFFORDABLE HOUSING LOANS, MICRO LOANS, FINANCING FOR COMMUNITY FACILITIES, FINANCIAL EDUCATION AND COUNSELING, TECHINCAL ASSISTANCE, AND OTHER FINANCIAL DEVELOPMENT SERVICES CONSISTENT WITH THE ORGANZATIONS CHARITABLE PURPOSES. IN 2023 PEOPLES OPPORTUNITY FUND SERVICED 47 CALHOME NOTES AND 1 ADDITIONAL 2ND TRUST DEEDS.

    Revenue $61,279

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kenneth Trigueiro

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    5

  • Sheryl Flores

    VICE CHAIRPE

    Total calculated
    $0
    Hours/week
    5

  • Griffin Moore

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Gabrielle Miller

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Cindy Magliari

    ASSISTANT TR

    Total calculated
    $0
    Hours/week
    2

  • Christi Ware

    ASSISTANT TR

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
6 May 2024
IRS schema version
2022v5.0
Source object
202401309349304525

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