Better Opportunity Fund

Organization Overview

Better Opportunity Fund is located in New York, NY. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Better 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, Better Opportunity Fund generated $10.0k in total revenue.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTING COMMUNITY DEVELOPMENT THROUGH EFFORTS DIRECTED TO IMPROVING THE SOCIAL AND ECONOMIC CONDITIONS OF LOW-INCOME PERSONS AND PERSONS WHO LACK ADEQUATE ACCESS TO CAPITAL OR FINANCIAL SERVICES, AS WELL AS RESIDENT OF ECONOMICALLY DISTRESSED COMMUNITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BETTER OPPORTUNITY FUND ISSUES MORTGAGES TO LOW-INCOME INDIVIDUALS AND FAMILIES WHO LACK ACCESS TO ADEQUATE CAPITAL. IN 2022, BETTER OPPORTUNITY FUND ISSUED ONE MORTGAGE TO A MEMBER OF THE COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Treasurer
$0
Name Not Listed
Secretary
$0
Name Not Listed
President
$0
Name Not Listed
Board Member (to 2/11/2022)
$0
Name Not Listed
Board Member (to 9/1/2022)
$0
Name Not Listed
Board Member
$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$0
Investment income $9,214
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 $10,045

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