Opportunity Neighborhood is located in Elk River, MN. The organization was established in 1999. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Opportunity Neighborhood employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opportunity Neighborhood 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 12/2021, Opportunity Neighborhood generated $747.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $718.8k during the year ending 12/2021. While expenses have increased by 9.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE PEOPLE AND STRENGTHEN NEIGHBORHOODS WITHIN AFFORDABLE HOUSING COMMUNITIES, THROUGH COOPERATIVE PARTNERSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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. 2021 AGENCY ACCOMPLISHMENTS CREATED A HYBRID OUT-OF-SCHOOL TIME PROGRAM FOR RESIDENT YOUTH LIVING AT AMES LAKE NEIGHBORHOOD ON ST. PAUL'S EASTSIDE DURING THE COVID-19 PANDEMIC. 89% OF YOUTH PARTICIPATING IN THE LITERACY PROGRAM DURING AMES LAKE SUMMER CAMP INCREASED OR MAINTAINED THEIR READING FLUENCY. ASSISTED OVER 300 HOUSEHOLDS DURING THE COVID-19 PANDEMIC AVOID EVICTION AND POSSIBLE HOMELESSNESS THROUGH THE STATE OF MINNESOTA'S COVID-19 HOUSING ASSISTANCE PROGRAM. THE AGENCY CONTINUED TO BE FINANCIALLY STABLE DURING PANDEMIC AND SOCIAL UNREST DUE TO THE FLEXIBILITY AND UNDERSTANDING OF PARTNERS AND FUNDERS, AS WELL AS AND NEW FUNDING OPPORTUNITIES. THE COURTESY PROGRAM GREW TO 14 RENTAL COMPLEXES PROVIDING OVER 15,000 HOURS OF COURTESY SERVICES. (HTTP://WWW.SMARTGIVERS.ORG/CHARITY/REVIEW/OPPORTUNITY_NEIGHBORHOOD) AND GUIDESTAR'S 2019 PLATINUM SEAL OF TRANSPARENCY (HTTPS://WWW.GUIDESTAR.ORG/PROFILE/41-1923622) . THE AVERAGE RESIDENT TURNOVER AT ALL SERVICE SITES IS 32% COMPARED TO THE NATIONAL AVERAGE OF 54% (NATIONAL APARTMENT ASSOCIATION, 2014).
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Perry Lofquist Executive Director | Officer | 40 | $83,913 |
Keith Bluford Treasurer | OfficerTrustee | 2 | $0 |
Sue Willman Secretary | OfficerTrustee | 2 | $0 |
Tom Schirber Board Chair | OfficerTrustee | 4 | $0 |
Trevor Hamdorf Board Member | Trustee | 2 | $0 |
Karl Spilseth Board Member | Trustee | 3 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $271,573 |
All other contributions, gifts, grants, and similar amounts not included above | $127,358 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $398,931 |
Total Program Service Revenue | $347,891 |
Investment income | $460 |
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 | $747,282 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $221,784 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $83,283 |
Compensation of current officers, directors, key employees. | $12,387 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $310,635 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $2,823 |
Payroll taxes | $35,613 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $16,673 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $5,198 |
Advertising and promotion | $0 |
Office expenses | $14,291 |
Information technology | $14,838 |
Royalties | $0 |
Occupancy | $0 |
Travel | $294 |
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 | $2,434 |
All other expenses | $10,917 |
Total functional expenses | $718,783 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $422,421 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $13,375 |
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 | $17,954 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $453,750 |
Accounts payable and accrued expenses | $5,946 |
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 | $0 |
Total liabilities | $5,946 |
Net assets without donor restrictions | $447,804 |
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 | $453,750 |
Over the last fiscal year, we have identified 4 grants that Opportunity Neighborhood has recieved totaling $30,000.
Awarding Organization | Amount |
---|---|
Jerstad Family Foundation Sioux Falls, SD PURPOSE: GENERAL SUPPORT | $15,000 |
Hardenbergh Foundation St Paul, MN PURPOSE: GENERAL OPERATING | $10,000 |
H E & H R Warren Foundation Milwaukee, WI PURPOSE: GENERAL OPERATING | $3,000 |
Joseph C And Lillian A Duke Foundation Minneapolis, MN PURPOSE: GENERAL OPERATING | $2,000 |
Organization Name | Assets | Revenue |
---|---|---|
Eventide Moorhead, MN | $123,722,101 | $65,835,602 |
Tarrant County Senior Living Center Inc West Des Moines, IA | $161,252,746 | $23,022,366 |
Barton Creek Senior Living Center Inc West Des Moines, IA | $120,925,043 | $23,689,068 |
Presbyterian Homes And Services Roseville, MN | $66,716,638 | $30,662,544 |
Good Shepherd Lutheran Home Of Sauk Rapids Minnesota Sauk Rapids, MN | $33,093,333 | $25,176,810 |
4000 Valley Square Inc Dba Woodside Vill Wheatland Terr Grand Forks, ND | $30,848,608 | $21,519,698 |
Augustana Health Care Center Of Apple Valley Edina, MN | $23,811,041 | $22,017,190 |
Minnesota Odd Fellows Home Inc Northfield, MN | $22,867,310 | $19,456,798 |
Oakwood Village Prairie Ridge Homes Inc Madison, WI | $61,014,266 | $15,535,778 |
Volunteers Of America Inc Eden Prairie, MN | $8,598,450 | $19,135,120 |
Friends Of Faith Retirement Homes Inc Waterloo, IA | $88,184,689 | $24,765,907 |
Bethany On 42nd Fargo, ND | $42,982,371 | $19,570,716 |