Community Opportunity Fund

Organization Overview

Community Opportunity Fund is located in Cold Spring, NY. The organization was established in 2017. According to its NTEE Classification (L80) the organization is classified as: Housing 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. Community 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 12/2022, Community Opportunity Fund generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 38.6% each year . All expenses for the organization totaled $556.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THROUGH ITS ACTIVITIES, THE COMMUNITY OPPORTUNITY FUND SEEKS TO IMPROVE THE LIVES OF RESIDENTS OF AFFORDABLE HOUSING BY PARTICIPATING IN THE DEVELOPMENT AND REFURBISHMENT OF AFFORDABLE HOUSING AND BY CO-PRODUCING HEALTH, SOCIAL SERVICES, EDUCATION, CULTURE, EMPLOYMENT AND RECREATION PROGRAMS. REALIZING AND RELEASING SKILLS AND TALENT FROM WITHIN COMMUNITIES BUILDS CONNECTIONS TO OPPORTUNITY AND ENHANCES THE LIFE OPPORTUNITIES OF RESIDENTS. OUR VISION IS THAT IN THE FUTURE, THE INDIVIDUAL, BUILDING, NEIGHBORHOOD AND SOCIETAL BENEFITS OF INTEGRATING SOCIAL, HEALTH AND EDUCATIONAL SERVICES INTO AFFORDABLE AND MIXED INCOME HOUSING IS WIDELY RECOGNIZED AND SUPPORTED BY THE HOUSING AND COMMUNITY DEVELOPMENT FINANCING AND REGULATORY SYSTEMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DEVELOPING AND INVESTING IN AFFORDABLE HOUSING PROJECTS.


DEVELOPING AND INVESTING IN AFFORDABLE HOUSING PROJECTS.


PARTICIPATION IN THE COMMUNITIES OF OPPORTUNITY ACADEMIC RESEARCH PROJECT. WE HAVE BROUGHT TOGETHER A MULTI-DISCIPLINARY RESEARCH AND PRACTITIONER TEAM COMPRISED OF NATIONAL EXPERTS WHO WILL DEVELOP AND FIELD TEST AN ASSESSMENT METHODOLOGY TO UNDERSTAND THE KEY PATHWAYS NECESSARY TO IMPROVE LIFE OUTCOMES FOR RESIDENTS LIVING IN AFFORDABLE HOUSING. ENTERPRISE COMMUNITY PARTNERS IS PROVIDING NEIGHBORHOOD ASSESSMENTS VIA ITS OPPORTUNITY 360 PROGRAM, AND IS LEADING ON POLICY AND SYSTEMS CHANGE. THE ASSESSMENTS WILL BE DESIGNED AND LED BY NATIONALLY RECOGNIZED EXPERTS FROM THE DARTMOUTH INSTITUTE OF HEALTH POLICY AND CLINICAL PRACTICE, THE HARVARD T.H. CHAN SCHOOL OF PUBLIC HEALTH, FOCUSING ON THE ENVIRONMENTAL CONTRIBUTORS TO HEALTH; AND COLUMBIA UNIVERSITY'S MAILMAN SCHOOL OF PUBLIC HEALTH LOOKING AT THE COMMUNITY LEVEL DETERMINANTS OF HEALTH. SUCCESS MEASURES, A SUBSIDIARY OF NEIGHBOR WORKS, WILL LEAD THE DATA COLLECTION PROCESS. THE PROJECT WILL TAKE PLACE IN A VARIETY OF EXISTING JONATHAN ROSE COMPANY AFFORDABLE HOUSING PROPERTIES USING A FACTORIAL DESIGN METHODOLOGY, WHICH SEEKS TO DISENTANGLE THE CAUSE AND EFFECT OF VARIOUS PROGRAM INTERVENTIONS UNDER DIFFERENT COMMUNITY CIRCUMSTANCES. WE WILL DEVELOP ASSESSMENT AND INTERVENTION TOOLS AND STRATEGIES THAT WILL BROADEN OUR UNDERSTANDING OF HOW INDIVIDUALS, BUILDING-BASED COMMUNITIES AND NEIGHBORHOODS INTERACT TO CREATE PATHWAYS TO OPPORTUNITY AND IMPROVED LIFE OUTCOMES FOR OUR RESIDENTS. ASSESSMENTS WILL BE MADE AT THE INDIVIDUAL, BUILDING AND COMMUNITY LEVELS.THE PURPOSE OF THE RESEARCH PROJECT IS TO DEVELOP ASSESSMENT AND INTERVENTION TOOLS TO MEASURE THE IMPACT AND COST EFFECTIVENESS OF IMPLEMENTING RESIDENT SERVICES IN LOW INCOME AFFORDABLE HOUSING RESIDENTS AND THE SURROUNDING COMMUNITIES ACROSS THE COUNTRY. IT SEEKS TO DEVELOP THE TOOLS NECESSARY TO UNDERSTAND AND RESPOND TO THE COMPLEXITY OF THE ECOSYSTEM IN WHICH RESIDENTS LIVE, AND THE FACTORS THAT INFLUENCE THEIR INDIVIDUAL LIFE OUTCOMES. OUR APPROACH IS TO COLLECT BASELINE DATA ON IMPORTANT ASPECTS OF THIS ECOSYSTEM, IMPLEMENT INTERVENTIONS TARGETED AT HIGH IMPACT ACTIVITIES, THEN COLLECT LONGITUDINAL DATA TO ASSESS THAT IMPACT IN INTERVENTION SITES COMPARED TO CONTROL SITES. THE RESEARCH PROJECT SEEKS TO DEMONSTRATE THE EFFICACY OF HOUSING BASED OPPORTUNITY STRATEGIES FOR RESIDENTS, OWNERS AND NEIGHBORHOODS, WITH THE GOAL OF THESE RESULTS SCALING AND CREATING SYSTEMS.AN EXCITING AND UNIQUE FEATURE OF THIS PROJECT IS ITS FOCUS ON ENGAGING RESIDENTS AS PARTNERS IN THIS WORK, NOT ONLY IN THE ASSESSMENT PROCESS BUT ALSO AS CO-CREATORS OF INNOVATIVE, HOUSING-BASED APPROACHES TO IMPROVING THEIR HEALTH. A KEY ELEMENT OF OUR IMPLEMENTATION PLAN IS THE CONCEPT OF CO-PRODUCTION: INCLUDING THE RESIDENTS AS CO-DESIGNERS AND CO-IMPLEMENTERS OF THE INTERVENTIONS TO IMPROVE RESIDENT HEALTH OUTCOMES AND REDUCE HEALTH CARE COSTS. CO-PRODUCTION HAS PROVEN TO BE A KEY COMPONENT OF INCREASED RESIDENT PARTICIPATION AND IMPROVED OUTCOMES. POST-IMPLEMENTATION, WE WILL CARRY OUT RE-ASSESSMENTS AND CONDUCT A DETAILED EVALUATION OF THE RESULTS, COMPARING THE OUTCOMES OF THE INTERVENTION SITES WITH THE CONTROL SITES. WE HYPOTHESIZE THIS DATA WILL INDICATE PATHWAYS TO INCREASE RESIDENT HEALTH AND WELLBEING, REDUCE HEALTH CARE COSTS AND PROPERTY OWNERSHIP COSTS, AND COMPARE THE EFFICACY OF THE RANGE OF INTERVENTIONS.AND THEN, WITH MEANINGFUL DATA, WORKING WITH ENTERPRISE, INTERVENING AT THE LEVEL OF PRIVATE FINANCING, AND PUBLIC CITY AND STATE HOUSING PROGRAMS, WE WILL SCALE THESE IDEAS, WITH THE VISION THAT ONE DAY, EVERY CHILD IN AMERICA WILL GROW UP IN A COMMUNITY OF OPPORTUNITY, REGARDLESS OF THE NEIGHBORHOOD IN WHICH THEY LIVE.


PARTICIPATION IN THE COMMUNITIES OF OPPORTUNITY ACADEMIC RESEARCH PROJECT. WE HAVE BROUGHT TOGETHER A MULTI-DISCIPLINARY RESEARCH AND PRACTITIONER TEAM COMPRISED OF NATIONAL EXPERTS WHO WILL DEVELOP AND FIELD TEST AN ASSESSMENT METHODOLOGY TO UNDERSTAND THE KEY PATHWAYS NECESSARY TO IMPROVE LIFE OUTCOMES FOR RESIDENTS LIVING IN AFFORDABLE HOUSING. ENTERPRISE COMMUNITY PARTNERS IS PROVIDING NEIGHBORHOOD ASSESSMENTS VIA ITS OPPORTUNITY 360 PROGRAM, AND IS LEADING ON POLICY AND SYSTEMS CHANGE. THE ASSESSMENTS WILL BE DESIGNED AND LED BY NATIONALLY RECOGNIZED EXPERTS FROM THE DARTMOUTH INSTITUTE OF HEALTH POLICY AND CLINICAL PRACTICE, THE HARVARD T.H. CHAN SCHOOL OF PUBLIC HEALTH, FOCUSING ON THE ENVIRONMENTAL CONTRIBUTORS TO HEALTH; AND COLUMBIA UNIVERSITY'S MAILMAN SCHOOL OF PUBLIC HEALTH LOOKING AT THE COMMUNITY LEVEL DETERMINANTS OF HEALTH. SUCCESS MEASURES, A SUBSIDIARY OF NEIGHBOR WORKS, WILL LEAD THE DATA COLLECTION PROCESS. THE PROJECT WILL TAKE PLACE IN A VARIETY OF EXISTING JONATHAN ROSE COMPANY AFFORDABLE HOUSING PROPERTIES USING A FACTORIAL DESIGN METHODOLOGY, WHICH SEEKS TO DISENTANGLE THE CAUSE AND EFFECT OF VARIOUS PROGRAM INTERVENTIONS UNDER DIFFERENT COMMUNITY CIRCUMSTANCES. WE WILL DEVELOP ASSESSMENT AND INTERVENTION TOOLS AND STRATEGIES THAT WILL BROADEN OUR UNDERSTANDING OF HOW INDIVIDUALS, BUILDING-BASED COMMUNITIES AND NEIGHBORHOODS INTERACT TO CREATE PATHWAYS TO OPPORTUNITY AND IMPROVED LIFE OUTCOMES FOR OUR RESIDENTS. ASSESSMENTS WILL BE MADE AT THE INDIVIDUAL, BUILDING AND COMMUNITY LEVELS.THE PURPOSE OF THE RESEARCH PROJECT IS TO DEVELOP ASSESSMENT AND INTERVENTION TOOLS TO MEASURE THE IMPACT AND COST EFFECTIVENESS OF IMPLEMENTING RESIDENT SERVICES IN LOW INCOME AFFORDABLE HOUSING RESIDENTS AND THE SURROUNDING COMMUNITIES ACROSS THE COUNTRY. IT SEEKS TO DEVELOP THE TOOLS NECESSARY TO UNDERSTAND AND RESPOND TO THE COMPLEXITY OF THE ECOSYSTEM IN WHICH RESIDENTS LIVE, AND THE FACTORS THAT INFLUENCE THEIR INDIVIDUAL LIFE OUTCOMES. OUR APPROACH IS TO COLLECT BASELINE DATA ON IMPORTANT ASPECTS OF THIS ECOSYSTEM, IMPLEMENT INTERVENTIONS TARGETED AT HIGH IMPACT ACTIVITIES, THEN COLLECT LONGITUDINAL DATA TO ASSESS THAT IMPACT IN INTERVENTION SITES COMPARED TO CONTROL SITES. THE RESEARCH PROJECT SEEKS TO DEMONSTRATE THE EFFICACY OF HOUSING BASED OPPORTUNITY STRATEGIES FOR RESIDENTS, OWNERS AND NEIGHBORHOODS, WITH THE GOAL OF THESE RESULTS SCALING AND CREATING SYSTEMS.AN EXCITING AND UNIQUE FEATURE OF THIS PROJECT IS ITS FOCUS ON ENGAGING RESIDENTS AS PARTNERS IN THIS WORK, NOT ONLY IN THE ASSESSMENT PROCESS BUT ALSO AS CO-CREATORS OF INNOVATIVE, HOUSING-BASED APPROACHES TO IMPROVING THEIR HEALTH. A KEY ELEMENT OF OUR IMPLEMENTATION PLAN IS THE CONCEPT OF CO-PRODUCTION: INCLUDING THE RESIDENTS AS CO-DESIGNERS AND CO-IMPLEMENTERS OF THE INTERVENTIONS TO IMPROVE RESIDENT HEALTH OUTCOMES AND REDUCE HEALTH CARE COSTS. CO-PRODUCTION HAS PROVEN TO BE A KEY COMPONENT OF INCREASED RESIDENT PARTICIPATION AND IMPROVED OUTCOMES. POST-IMPLEMENTATION, WE WILL CARRY OUT RE-ASSESSMENTS AND CONDUCT A DETAILED EVALUATION OF THE RESULTS, COMPARING THE OUTCOMES OF THE INTERVENTION SITES WITH THE CONTROL SITES. WE HYPOTHESIZE THIS DATA WILL INDICATE PATHWAYS TO INCREASE RESIDENT HEALTH AND WELLBEING, REDUCE HEALTH CARE COSTS AND PROPERTY OWNERSHIP COSTS, AND COMPARE THE EFFICACY OF THE RANGE OF INTERVENTIONS.AND THEN, WITH MEANINGFUL DATA, WORKING WITH ENTERPRISE, INTERVENING AT THE LEVEL OF PRIVATE FINANCING, AND PUBLIC CITY AND STATE HOUSING PROGRAMS, WE WILL SCALE THESE IDEAS, WITH THE VISION THAT ONE DAY, EVERY CHILD IN AMERICA WILL GROW UP IN A COMMUNITY OF OPPORTUNITY, REGARDLESS OF THE NEIGHBORHOOD IN WHICH THEY LIVE.


TO CREATE AND PRESERVE STABLE, THRIVING COMMUNITIES BY ENABLING AND PROVIDING COMMUNITY INTERVENTIONS AND RESIDENT SERVICES IN AFFORDABLE HOUSING COMMUNITIES.


TO CREATE AND PRESERVE STABLE, THRIVING COMMUNITIES BY ENABLING AND PROVIDING COMMUNITY INTERVENTIONS AND RESIDENT SERVICES IN AFFORDABLE HOUSING COMMUNITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Jonathan Fp Rose
President And Treasurer
$0
Susan Plum
Board Member
$0
Robert L Hughes
Board Member
$0
Sandy Paik
Board Member
$0
Carter Stewart
Board Member
$0
Jonathan Fp Rose
President And Treasurer
$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$2,448,282
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,448,282
Total Program Service Revenue$442,078
Investment income $148,378
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 $3,959,879

Peer Organizations

Organization NameAssets
Aspire Of Western New York Inc
Getzville, NY
$101,152,023
Commission On Economic Opportunity Of Luzerne County
Wilkesbarre, PA
$57,591,408
Connecticut Foundation Solutions Indemnity Company Inc
Ashford, CT
$26,081,070
Highland Park Community Development Corporation
Brooklyn, NY
$32,111,607
Breaking Ground Housing Development Fund Corporation
New York, NY
$31,598,965
Womens Housing And Economic Development Corporation
Bronx, NY
$35,553,699
Neighborhood Assistance Corporation Of America
Boston, MA
$42,309,808
Springpoint Senior Living Inc
Cherry Hill, NJ
$14,747,303
Centerboard Inc
Lynn, MA
$17,161,793
Affordable Housing Alliance Inc
Neptune, NJ
$12,663,705
Beyond Owners Group Inc
Willow Street, PA
$10,487,485
Housing And Services Inc
New York, NY
$9,413,839
Neighborhood Housing Services Of New York City Inc
New York City, NY
$10,193,207
University Properties Inc
East Stroudsburg, PA
$8,357,189
Willow Gardens Inc
New Rochelle, NY
$8,267,310
Community First Fund
Lancaster, PA
$17,453,841
Michaels Community Services Corporation
Camden, NJ
$7,269,990
United Residents In Academy Homes Ii Inc
Roxbury, MA
$10,940,703
Rebuilding Together Pittsburgh
Pittsburgh, PA
$5,314,491
Homeowners Rehab Inc
Cambridge, MA
$13,581,541
Pennsylvania Community Real Estate Corporation
Philadelphia, PA
$5,456,918
Foresight Affordable Housing Of Maryland Inc
Ventnor City, NJ
$285
Advance Housing Inc
Paramus, NJ
$5,226,802
Housing Works Services Inc
Brooklyn, NY
$4,448,679
Audubon Mutual Housing Corporation
Audubon Park, NJ
$5,106,318

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