The Disability Fund Inc
- Assets
- $71.7m
- Revenue
- $8.1m
- Investments
- $6.7m
- Employees
- 1
- Location
- Rockville Centre, NY
- Founding
- 03/2008
- Data as of
- 12/2023
- EIN
- 26-0283588
Organization Overview
The Disability Fund Inc, operating under the name Disability Opportunity Fund, is located in Rockville Centre, NY. The organization was established in 2008. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Disability Opportunity Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Disability Opportunity Fund generated $8.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $6.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Disability Opportunity Fund has awarded 172 individual grants totaling $5,890,629. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
AS A NATIONALLY CERTIFIED CDFI, DOF'S MISSION IS TO PROVIDE FINANCIAL PRODUCTS, TECHNICAL ASSISTANCE, EQUITY INVESTMENT AND FINANCIAL ADVISORY SERVICES THAT IMPROVE THE QUALITY OF LIFE AND BUILD PERSONAL WEALTH FOR PEOPLE WITH DISABILITIES AND THEIR FAMILIES, AND SUPPORT ORGANIZATIONS SERVING THIS MARKET.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) PROVIDING TECHNICAL AND FINANCIAL SERVICES TO INDIVIDUALS AND ORGANIZATIONS SERVING THE DISABILITY MARKET THROUGHOUT THE UNITED STATES, WITH A FOCUS ON AFFORDABLE HOUSING, SCHOOLS AND VOCATIONAL TRAINING CENTERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles D Hammerman President & CEO | OfficerTrustee | 35 | $488,214 |
Larue Gibson Chair | OfficerTrustee | 1 | $0 |
Luis Donoso Vice Chair | OfficerTrustee | 1 | $0 |
Diana Turoff Treasurer | OfficerTrustee | 1 | $0 |
Cinnamon Chambers Lewis Secretary | OfficerTrustee | 1 | $0 |
Justin Manaster Assistant Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,140,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,436,123 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,576,123 |
| Total Program Service Revenue | $1,062,637 |
| Investment income | $647,821 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$579,872 |
| Net Income from Fundraising Events | $375,210 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,141,002 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,787,850 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $488,214 |
| Compensation of current officers, directors, key employees. | $20,763 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,118 |
| Fees for services: Management | $660,000 |
| Fees for services: Legal | $95,288 |
| Fees for services: Accounting | $23,709 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $140,560 |
| Advertising and promotion | $0 |
| Office expenses | $8,548 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $106,213 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $114,305 |
| Interest | $966,479 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $450,594 |
| Insurance | $168,246 |
| All other expenses | $18,157 |
| Total functional expenses | $6,453,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,302,426 |
| Savings and temporary cash investments | $14,587,864 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,456,463 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $19,299,738 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $16,425,123 |
| Investments—publicly traded securities | $6,831,141 |
| Investments—other securities | $6,679,716 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $96,455 |
| Total assets | $71,678,926 |
| Accounts payable and accrued expenses | $296,175 |
| Grants payable | $0 |
| Deferred revenue | $4,957,678 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $50,700,000 |
| Other liabilities | $0 |
| Total liabilities | $55,953,853 |
| Net assets without donor restrictions | $15,725,073 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $71,678,926 |
Grants Awarded
Over the last fiscal year, The Disability Fund Inc has awarded $1,953,037 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
ADAM WHANGER CONTRACTING PURPOSE: SUPPORT OF HOUSING FOR PEOPLE WITH DISABILITIES | $20,860 |
ASD AI PURPOSE: SUPPORT OF DISABILITY RELATED BUSINESS | $25,000 |
AUGUSTA LEVY LEARNING CENTER PURPOSE: SPONSORSHIP OF DISABILITY CONFERENCE | $10,000 |
CHRISTIAN ROSE RACING PURPOSE: SUPPORT SMALL BUSINESS OWNER WITH DISABILITIES | $50,000 |
DIF MANAGEMENT I LLC PURPOSE: RURAL ECONOMIC DEVELOPMENT AND EMPLOYMENT OF PEOPLE WITH DISABILITIES, HOUSING FOR PEOPLE WITH DISABILITIES | $800,000 |
DOF HOTEL LLC PURPOSE: SUPPORT RURAL ECONOMIC DEVELOPMENT AND EMPLOYMENT OF PEOPLE WITH DISABILITIES | $240,000 |