Public Charity

Opportunity Resource Fund

Opportunity Resource Fund is a nonprofit organization categorized as Public Charity based in Lansing, MI. Its most recent IRS filing (2025) reports revenue of $3.8M, expenses of $3.5M, total assets of $31.7M. Imperigo tracks 13 reported grant relationships connected to this organization totaling approximately $1.0M.

EIN: 382784136 Lansing, MI Centers to Support the Independence of Specific Populations NTEE: P80 Latest filing: 2025
Total Revenue$3.8M
Total Expenses$3.5M
Total Assets$31.7M
Grant Records13
Funding Total$1.0M
Filing Years2021–2025

Mission

Opportunity Resource Fund (OppFund) promotes affordable housing, small business ownership, single family mortgages, strong communities, and fosters social and economic justice by providing loans and development services throughout the state of Michigan. By making funds available to those denied access to traditional capital, OppFund is breaking the cycle of poverty and assisting in the revitalization of Michigan neighborhoods and communities. Pre and post loan closing development services are a provision of services offered to individuals, nonprofits, and business owners.OppFund is a certified community development financial institution and functions as a revolving loan fund. It accepts socially motivated investments from individuals, not for profit organizations and banks with interest rates ranging generally from zero to three percent. These investment dollars are pooled to provide loans at affordable rates for real estate development, small business and homeownership loans.

Where $100 goes at Opportunity Resource Fund

How Opportunity Resource Fund divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$79 Programs the work itself
$20 Management running the organization
$1 Fundraising raising the next dollar

Inside the $79 for programs

$79
Opportunity Resource Fund (OppFund) has a nearly 40-year legacy of delivering mission-driven capital across Michigan
All program spending · Reported in the filing: 240 loans; 11 loans; 554 loans
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

Trustee Brett Oumedian
President/CEO Byna Elliott
Secretary Carol Tarnowsky
Director of Single Family Charles Turner
President/CEO (Ended 5/19/25) Christine Narayanan
Trustee Curtis Smith

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$484,067 4 grants
Economic Development
$277,609 2 grants
Health & Medicine
$50,000 1 grant
Human & Social Services
$13,000 2 grants
Housing & Homelessness
$10,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $3.8M $3.5M $31.7M
2024 $3.3M $3.1M $30.6M
2023 $4.0M $3.0M $28.0M
2022 $5.0M $2.5M $26.9M
2021 $4.2M $2.2M $31.8M

Between 2021 and 2025, reported annual revenue declined from $4.2M to $3.8M (-11%), with total assets most recently reported at $31.7M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for Opportunity Resource Fund

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