Peoples Opportunity Fund
- Assets
- $1.4m
- Revenue
- $120.2k
- Investments
- $0.0
- Employees
- 0
- Location
- San Luis Obispo, CA
- Founding
- 08/2011
- Data as of
- 06/2022
- EIN
- 27-3379735
Organization Overview
Peoples Opportunity Fund is located in San Luis Obispo, CA. The organization was established in 2011. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peoples 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 06/2022, Peoples Opportunity Fund generated $120.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 22.0% each year . All expenses for the organization totaled $9.5k during the year ending 06/2022. While expenses have increased by 3.0% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 2022 PEOPLES OPPORTUNITY FUND SERVICED 48 CALHOME NOTES AND 1 ADDITIONAL 2ND TRUST DEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Trigueiro Chairperson | OfficerTrustee | 5 | $0 |
Sheryl Flores Vice Chairpe | OfficerTrustee | 5 | $0 |
Griffin Moore Treasurer | OfficerTrustee | 2 | $0 |
Annette Schlosser Former Secre | OfficerTrustee | 2 | $0 |
Cindy Magliari Assistant Tr | Officer | 2 | $0 |
Christi Ware Assistant Tr | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $120,228 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $120,228 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,389 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $110 |
| Total functional expenses | $9,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $802,058 |
| Savings and temporary cash investments | $69,472 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $517,520 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,389,050 |
| Accounts payable and accrued expenses | $14,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $68,736 |
| Total liabilities | $82,736 |
| Net assets without donor restrictions | $1,306,314 |
| 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 | $1,389,050 |