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Nonprofiteer
← OPPORTUNITY RESOURCE FUND

Form 990 for tax year 2024

Filed by OPPORTUNITY RESOURCE FUND.

Totals

Total revenue
$3,254,579
Total expenses
$3,111,936
Contributions and grants received
$1,689,782
Grants paid
$20,150
Program service revenue
$1,552,297
Investment income
$12,500
Other revenue
$0
Total assets, end of year
$30,573,077
Total liabilities, end of year
$21,190,481
Net assets or fund balances, end of year
$9,382,596
Program services expenses (Part IX)
$2,392,401
Management and general expenses
$679,368
Fundraising expenses
$40,167
Program service expenses (Part III)
$2,392,401

Program services were 76.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Christine Narayanan

    President/CEO

    Total calculated
    $242,501
    From this org
    $241,041
    From related orgs
    $0
    Other
    $1,460
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $241,041
    Bonus
    $0
    Other
    $0
    Deferred
    $1,460
    Nontaxable benefits
    $0
    Filer's total
    $242,501

  • Kevin Fitzgerald

    VP of Finance/CFO

    Total calculated
    $189,799
    From this org
    $188,339
    From related orgs
    $0
    Other
    $1,460
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,339
    Bonus
    $0
    Other
    $0
    Deferred
    $1,460
    Nontaxable benefits
    $0
    Filer's total
    $189,799

  • CHARLES TURNER

    Director of Single Family Lending

    Total calculated
    $115,314
    From this org
    $102,062
    From related orgs
    $0
    Other
    $13,252
    Hours/week
    40

  • Joseph Heaphy

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Omar Cuevas

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Anika Goss

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Curtis Smith

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Raymond Henney

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Tarik Bazzy

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Carol Tarnowsky

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Sonali Allen

    Secretary (ended 8/24)

    Total calculated
    $0
    Hours/week
    2

  • Thomas Johnson

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Sheilah P Clay

    Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • Marc Craig

    Board Chair

    Total calculated
    $0
    Hours/week
    4

  • Robert Hunt

    Immediate Past Chair

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 3
The compensation of the President/CEO is reviewed and approved by independent members of OppFund's Board of Trustees, provided persons with conflicts of interest with respect to the compensation arrangement at issue are not involved in the review and approval. The review and approval of the President/CEO's compensation is made using compensation data for similarly qualified persons in functionally comparable positions at similarly situated organizations. The review and approval process is documented by the Board of Trustees via documentation and recordkeeping with respect to the deliberations and decisions regarding the compensation arrangement.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
23 May 2025
IRS schema version
2024v5.1
Source object
202511649349301406

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