OPPORTUNITY NEIGHBORHOOD

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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

1998

Legal Domicile

Principal Officer

PERRY LOFQUIST

Phone

6128051296

Tax Period

2023-01-01 to 2023-12-31

OPPORTUNITY NEIGHBORHOOD, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $583K in total revenue in fiscal year 2023. Expenses of $644K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO SUPPORT THE PEOPLE AND STRENGTHEN NEIGHBORHOODS WITHIN AFFORDABLE HOUSING COMMUNITIES, THROUGH COOPERATIVE PARTNERSHIPS.

Program Service Accomplishments

Program 1

Expenses: $562,832 Revenue: $486,608

SOCIAL SERVICES - OPPORTUNITY NEIGHBORHOOD PROVIDED AND COORDINATED SOCIAL SERVICES AT THREE AFFORDABLE HOUSING SITES. THE SITE LOCATIONS INCLUDED POLYNESIAN VILLAGE IN NEW BRIGHTON, EDEN PARK...

SOCIAL SERVICES - OPPORTUNITY NEIGHBORHOOD PROVIDED AND COORDINATED SOCIAL SERVICES AT THREE AFFORDABLE HOUSING SITES. THE SITE LOCATIONS INCLUDED POLYNESIAN VILLAGE IN NEW BRIGHTON, EDEN PARK APARTMENTS IN BROOKLYN PARK, AND AMES LAKE NEIGHBORHOOD ON THE EAST SIDE OF SAINT PAUL. THE GOALS OF OPPORTUNITY NEIGHBORHOOD ARE TO INCREASE COMMUNITY SAFETY, INCREASE HOUSING STABILITY, AND INCREASE OPPORTUNITIES FOR FAMILY SUCCESS. THESE GOALS ARE ACCOMPLISHED THROUGH A VARIETY OF SERVICES INCLUDING EARLY CHILDHOOD PROGRAMS, OUT OF SCHOOL TIME AND SUMMER PROGRAMS, COMMUNITY GATHERINGS, COURTESY PATROL, INFORMATION AND REFERRAL, AND CASE MANAGEMENT SERVICES. SERVICES ARE PROVIDED BY OPPORTUNITY NEIGHBORHOOD AND COMMUNITY PARTNERS. 2023 AGENCY ACCOMPLISHMENTS:1. 2023 NATIONAL NIGHT OUT WITH THE BCA DREW OVER 300 RESIDENTS AND COMMUNITY MEMBERS.2. 80% OF PARTICIPANTS IN THE LITERACY PROGRAM RAISED THEIR READING SCORES TO GRADE LEVEL.3. 2023 HOLIDAY PROGRAM SERVED OVER 100 LOW-INCOME FAMILIES.4. 100% OF PARTICIPANTS IN THE AFTERSCHOOL AND TEEN PROGRAM HAD NO NEGATIVE CONTACT WITH THE POLICE.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $93,507

Program Service Revenue $486,608

Investment Income $2,439

Other Revenue $0

TOTAL REVENUE $582,554

Expense Breakdown

Grants Paid $0

Salaries & Benefits $553,725

Fundraising Expenses $37,639

Program Expenses $562,832

Other Expenses $90,436

TOTAL EXPENSES $644,161

Year-over-Year Comparison

	2023	2022	Change
Revenue	$582,554	$590,160	0.0%
Expenses	$644,161	$654,110	0.0%
Net Income	$-61,607	$-63,950	0.0%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$111,593

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUE WILLMAN	SECRETARY	1.50	Officer Director	$0	$0	$0
KEITH BLUFORD	TREASURER	1.50	Officer Director	$0	$0	$0
TOM SCHIRBER	BOARD CHAIR	3.50	Officer Director	$0	$0	$0
KARL SPILSETH	BOARD MEMBER	2.50	Director	$0	$0	$0
PERRY LOFQUIST	EXECUTIVE DIRECTOR	40.00	Officer	$109,493	$2,100	$111,593

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
2024	No data	No data	No data	No data
2023	$582,554	$644,161	$326,005	$-61,607
2022	$590,160	$654,110	$388,181	$-63,950
2021	$747,282	$718,783	$453,750	$28,499
2020	$829,180	$836,101	$615,793	$-6,921
2019	$478,233	$405,555	$465,333	$72,678
2018	$529,626	$361,766	$392,073	$167,860