Lansing, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Opportunity Resource Fund, founded in 1985, is a community nonprofit in the Human Services sector that reported $3.3M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $3.1M left a modest 4% surplus.
Opportunity Resource Fund (OppFund) promotes affordable housing, small business ownership, single family mortgages, strong communities, and fosters social and economic justice by providing loans and development services throughout the state of Michigan. By making funds available to those denied access to traditional capital, OppFund is breaking the cycle of poverty and assisting in the revitalization of Michigan neighborhoods and communities. Pre and post loan closing development services are a provision of services offered to individuals, nonprofits, and business owners.OppFund is a certified community development financial institution and functions as a revolving loan fund. It accepts socially motivated investments from individuals, not for profit organizations and banks with interest rates ranging generally from zero to three percent. These investment dollars are pooled to provide loans at affordable rates for real estate development, small business and homeownership loans.
Opportunity Resource Fund (OppFund) has a nearly 40-year legacy of delivering mission-driven capital across Michigan. Since 1985, OppFund has built a reputation as a reliable, flexible, and...
Opportunity Resource Fund (OppFund) has a nearly 40-year legacy of delivering mission-driven capital across Michigan. Since 1985, OppFund has built a reputation as a reliable, flexible, and community-focused lender and development services provider. Our long-standing partnerships with local governments, nonprofits, and financial institutions support high-impact investments across urban and rural communities.As of year-end 2024, OppFund has deployed over $100 million in loan capital. This includes 429 real estate development projects, 231 small business loans, 11 consumer loans, 265 Paycheck Protection Program (PPP) loans under the CARES Act, and 527 homeownership loans. These investments have leveraged more than $280 million from public and private sources, resulting in the creation or preservation of 3,224 units of affordable housing, 2,054 jobs created or retained, and 739 new or improved housing units primarily serving low- and moderate-income households. In addition, at least 125 children have been placed in safer, licensed daycare environments through projects supported by OppFund financing.OppFund helps individuals, families, and small businesses across the state access the capital they need to improve their quality of life and strengthen Michigan's communities. Guided by a Board-approved Strategic Plan, OppFund is focused on expanding access to affordable housing, increasing homeownership, and supporting business development that contributes to economic growth. In 2024, the organization continued to grow its service delivery model, which includes technical assistance, lending readiness support, and follow-up services through a "CampusWithout Walls" framework. This approach ensures that borrowers are equipped with the tools and guidance necessary for long-term success.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $3,254,579 | $3,996,660 | -0.2% |
| Expenses | $3,111,936 | $2,957,387 | +0.1% |
| Net Income | $142,643 | $1,039,273 | -0.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Christine Narayanan | President/CEO | 40.00 |
Officer
|
$241,041 | $1,460 | $242,501 |
| Kevin Fitzgerald | VP of Finance/CFO | 40.00 |
Officer
|
$188,339 | $1,460 | $189,799 |
| CHARLES TURNER | Director of Single Family Lending | 40.00 |
Highest
|
$102,062 | $13,252 | $115,314 |
| Joseph Heaphy | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Omar Cuevas | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Anika Goss | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Curtis Smith | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Raymond Henney | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Tarik Bazzy | Trustee | 2.00 |
Director
|
$0 | $0 | $0 |
| Carol Tarnowsky | Secretary | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Sonali Allen | Secretary (ended 8/24) | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Thomas Johnson | Treasurer | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Sheilah P Clay | Vice Chair | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Marc Craig | Board Chair | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| Robert Hunt | Immediate Past Chair | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $3,254,579 | $3,111,936 | $30,573,077 | $142,643 |
| 2023 | $3,996,660 | $2,957,387 | $27,951,331 | $1,039,273 |
| 2022 | $4,959,860 | $2,498,380 | $26,919,241 | $2,461,480 |
| 2021 | $4,238,589 | $2,155,004 | $31,795,394 | $2,083,585 |
| 2020 | $1,350,057 | $2,058,695 | $23,453,108 | $-708,638 |
| 2019 | $1,797,364 | $1,982,312 | $20,358,806 | $-184,948 |
| 2018 | $1,974,779 | $1,882,960 | $18,959,818 | $91,819 |
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