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 (2024) reports revenue of $3.3M, expenses of $3.1M, total assets of $30.6M. Imperigo tracks 13 reported grant relationships connected to this organization totaling approximately $1.0M.

EIN: 382784136 Lansing, MI Latest filing: 2024
Total Revenue$3.3M
Total Expenses$3.1M
Total Assets$30.6M
Grant Records13
Funding Total$1.0M
Filing Years2020–2024

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.

Officers & Directors

Trustee Anika Goss
Secretary Carol Tarnowsky
Director of Single Family Lending Charles Turner
President/CEO Christine Narayanan
Trustee Curtis Smith
Trustee Joseph Heaphy

Officer compensation and complete director data available with membership.

Top Grant Purposes

OPERATING SUPPORT
$166,667 1 grant
COMMUNITY IMPROVEMENT & CAPACITY BUILDING PROGRAM/GENERAL OPERATIONS
$152,609 1 grant
MULTIPLE GRANTS AWARDED
$150,000 1 grant
For grant recipient's exempt purposes
$147,400 1 grant
OFNS SMALL BUSINESS GRANT PROGRAM FUNDED BY GOOGLE.ORG
$125,000 1 grant

Financial Trends

Year Revenue Expenses Assets
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
2020 $1.4M $2.1M $23.5M

Between 2020 and 2024, reported annual revenue grew from $1.4M to $3.3M (+141%), with total assets most recently reported at $30.6M.

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

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