OPPORTUNITY APARTMENTS INC

EIN: 351820748 501(c)(3) Housing & Shelter

KENDALLVILLE, IN

Total Revenue
$190,577
Total Expenses
$180,290
Total Assets
$450,189
Net Assets
$-195,333
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
IN
Principal Officer
STEVE HOWELL
Phone
2603472453
Tax Period
2024-07-01 to 2025-06-30

OPPORTUNITY APARTMENTS INC, founded in 1990, is a small nonprofit in the Housing & Shelter sector that reported $191K in total revenue in fiscal year 2024. Expenses of $180K left a modest 5% surplus.

Mission

OPPORTUNITY APARTMENTS, INC. IS AN INDIANA NOT-FOR-PROFIT AND WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 15 UNIT APARTMENT COMPLEX IN KENDALLVILLE, INDIANA KNOWN AS OPPORTUNITY APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT. THE ORGANIZATION HAS EXECUTED THE STANDARD REGULATORY AGREEMENTS WITH HUD THAT GOVERN THE OPERATIONS OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION (FHA). IN ADDITION, THE CORPORATION HAS ALSO ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT (HAP) WITH HUD. THE HAP CONTRACT IS A RENT ASSISTANCE PROGRAM FOR ELIGIBLE LOW INCOME FAMILIES OR PERSONS AS PROVIDED BY HUD.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $129,071
Program Service Revenue $58,342
Investment Income $1,970
Other Revenue $1,194
TOTAL REVENUE $190,577

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $125,827
Other Expenses $180,290
TOTAL EXPENSES $180,290

Year-over-Year Comparison

2024 2023 Change
Revenue $190,577 $191,033 0.0%
Expenses $180,290 $173,213 +0.0%
Net Income $10,287 $17,820 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
2
Employees
N/A
Volunteers
2

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$349,236
Total Directors
5
$509,071
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE HOWELL PRESIDENT/CEO 1.00
Officer Director
$229,332 $0 $229,332
DOROTHY FUENTES SECRETARY/TREASURER 1.00
Officer Director
$119,904 $0 $119,904
JACQUES POSEY DIRECTOR 1.00
Director
$159,835 $0 $159,835
REBECCA CALHOUN DIRECTOR 1.00
Director
$0 $0 $0
JENNY LANDEZ DIRECTOR 1.00
Director
$0 $0 $0
VIRGILIA MUELLER HR DIRECTOR 0.50
Highest
$112,974 $0 $112,974
TERESA GREINER MEDICAL DIRECTOR 0.50
Highest
$395,602 $0 $395,602
L LAMBERTSON PHYSICIAN 0.50
Highest
$280,077 $0 $280,077
WENDY BODWELL NURSE PRACTITIONER 0.50
Highest
$108,159 $0 $108,159
SAMIR ISHAK PHYSICIAN 0.50
Highest
$334,741 $0 $334,741
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $190,577 $180,290 $450,189 $10,287
2024 $191,033 $173,213 $450,123 $17,820
2023 $174,083 $174,472 $456,652 $-389
2022 $175,228 $184,258 $480,204 $-9,030
2021 $156,544 $164,087 $498,808 $-7,543
2020 $160,848 $164,675 $498,241 $-3,827
2019 $160,080 $158,984 $514,520 $1,096
2018 $157,690 $147,603 $526,996 $10,087
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