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Nonprofiteer
← PEOPLES OPPORTUNITY FUND

Form 990 for tax year 2024

Filed by PEOPLES OPPORTUNITY FUND.

Totals

Total revenue
$130,081
Total expenses
$9,406
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$130,081
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,389,515
Total liabilities, end of year
$80,218
Net assets or fund balances, end of year
$1,309,297
Program services expenses (Part IX)
$0
Management and general expenses
$9,406
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: MTG DISCOUNT/LOANS INTEREST

    total $83,249 · related or exempt $83,249

  • 2b · Program service revenue: INTEREST

    total $46,591 · related or exempt $46,591

  • 2c · Program service revenue: MISCELLANEOUS

    total $241 · related or exempt $241

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $9,344 · management and general $9,344

  • 24a · Other expenses: OTHER EXPENSES

    total $62 · management and general $62

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $573,750 · end of year $656,722

  • 2 · Savings and temporary cash investments

    beginning of year $69,499 · end of year $69,513

  • 13 · Investments: program-related

    beginning of year $625,459 · end of year $663,280

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,350 · end of year $11,482

  • 25 · Other liabilities

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

  • 27 · Net assets without donor restrictions

    beginning of year $1,188,622 · end of year $1,309,297

Mission and programs · 2024

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 2025 PEOPLES OPPORTUNITY FUND SERVICED 52 CALHOME NOTES AND 1 ADDITIONAL 2ND TRUST DEEDS.

    Revenue $130,081

As filed on the 2024 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

  • Griffin Moore

    VICE CHAIRPE

    Total calculated
    $0
    Hours/week
    5

  • Christi Ware

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Nicole Ramos

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Jimmy Summer

    ASSISTANT TR

    Total calculated
    $0
    Hours/week
    2

  • Veronica Garcia

    ASSISTANT SE

    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
2024
Filed
4 May 2026
IRS schema version
2024v5.0
Source object
202601329349303925

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