Overview
What is Opportunity Inc?
Opportunity Inc, based in Ketchikan, Alaska, is a dedicated nonprofit organization. Their primary mission is to offer housing facilities and tailored services to individuals with disabilities. These services are designed to cater to their unique physical, social, and psychological needs, aiming to enhance their overall health, security, happiness, and long-term utility. The organization's activities and mission are centered around providing specialized care that fosters a better quality of life for those with disabilities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72% (Two-Star out of Four Star rating)
Opportunity Inc receives a Two-Star rating from Charity Navigator, indicating that while it meets some standards for accountability and finance, there are significant areas needing improvement. The organization has an independent board with a perfect score in board size and member independence, suggesting effective governance. However, the absence of a whistleblower policy and the failure to post tax forms on its website raise concerns about transparency and compliance.
The program expense ratio of 76.56% reflects that a substantial portion of its resources is dedicated to its programs, which is a positive aspect. Nevertheless, the liabilities to assets ratio of 101.61% is alarming, indicating that the organization may have more liabilities than assets, which could pose financial risks in the long run.
Overall, while Opportunity Inc demonstrates strengths in board independence and program expenses, the weaknesses in transparency and financial stability warrant caution for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Opportunity Inc legitimate?
Opportunity Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Opportunity Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $117,818
For more financial information, click here
What is the mission statement of Opportunity Inc?
Opportunity Inc's mission is centered around providing specialized housing facilities and services for individuals with disabilities. The aim is to cater to their physical, social, and psychological needs, thereby promoting their health, security, happiness, and usefulness in their lives for an extended period. The organization strives to enhance their residents' well-being and independence, ultimately contributing to their overall life satisfaction.
What is the revenue of Opportunity Inc?
Opportunity Inc's revenue in 2024 was $135,773.
Who are the executives of Opportunity Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Opportunity Inc?
Opportunity Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Opportunity Inc
Opportunity Inc, a nonprofit organization, is dedicated to serving individuals with disabilities. Its mission is to offer housing facilities and specialized services tailored to meet the physical, social, and psychological needs of these individuals. The primary goal is to enhance their health, security, happiness, and overall usefulness in life, promoting their well-being in the long term. By providing such accommodations, Opportunity Inc aims to ensure a better quality of life for individuals with disabilities, fostering their sense of security and happiness.
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Impact
October, 2024
Opportunity Inc has made a significant impact by creating housing facilities and services tailored specifically for individuals with disabilities. By addressing their physical, social, and psychological needs, the organization promotes not only health and security but also happiness and a sense of purpose among residents. This comprehensive approach ensures that individuals can enjoy a longer, more fulfilling life in a supportive environment. Situated in Ketchikan, Alaska, Opportunity Inc plays a crucial role in enhancing the quality of life for persons with disabilities, fostering their integration into the community, and advocating for their well-being.
This information is meant to be a general summary of Opportunity Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $179
- Program Service Revenue: $38,086
- Gross Receipts: $135,773
Assets and Liabilities:
- Total Assets: $1,895,493
- Total Liabilities: $1,926,109
- Net Assets: -$30,616
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Service Revenu
Revenue
$37,372
Program Service Revenu
Revenue
$714
Organization Details
Founding Year
2007
Principal Officer
Mary Gregg
NTEE Category
Code: L20 - Housing
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