Overview
What is Peoples Opportunity Fund?
Peoples Opportunity Fund is a nonprofit organization situated in San Luis Obispo, California. Their primary mission is to foster community development by offering opportunities for low to moderate income individuals, households, underserved peoples, and entities in economically distressed communities. They achieve this by managing a revolving loan pool, providing residential loans, affordable housing loans, micro loans, financing for community facilities, financial education and counseling, technical assistance, and various other financial development services. In 2022, they serviced 48 CalHome notes and an additional 2nd trust deed. Their work aims to create social and economic equality within these communities.
Is Peoples Opportunity Fund legitimate?
Peoples Opportunity Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peoples Opportunity Fund 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:
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What is the mission statement of Peoples Opportunity Fund?
The Peoples Opportunity Fund's mission is centered around promoting community development. It aims to create social and economic opportunities for low to moderate income individuals, households, underserved or marginalized people, and entities in economically distressed communities. The organization raises and manages capital in the form of a revolving loan pool, providing various financial products and services such as residential loans, affordable housing loans, micro loans, financing for community facilities, financial education, and counseling, technical assistance, and other financial development services. In 2022, the Peoples Opportunity Fund serviced 48 CHOLA home notes and an additional 2nd trust deed.
Who is the CEO of Peoples Opportunity Fund?
Kenneth Trigueiro is the Chairperson of Peoples Opportunity Fund.
What is the revenue of Peoples Opportunity Fund?
Peoples Opportunity Fund's revenue in 2022 was $120,228.
Who are the executives of Peoples Opportunity Fund and what are their salaries?
There 7 volunteers at Peoples Opportunity Fund.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Peoples Opportunity Fund?
Peoples Opportunity Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Peoples Opportunity Fund
Peoples Opportunity Fund, a nonprofit organization, is committed to promoting community development. They achieve this by creating social and economic opportunities for low to moderate income individuals, households, and underserved or marginalized peoples in economically distressed communities. Their mission is twofold: firstly, they aim to raise and manage capital in the form of a revolving loan pool. This capital is then utilized to provide various products and services to those in need. These services include residential loans, affordable housing loans, micro loans, financing for community facilities, financial education and counseling, technical assistance, and other financial development services that align with the organization's charitable purposes.
Secondly, Peoples Opportunity Fund is dedicated to addressing the financial needs of low to moderate income individuals, households, and underserved or marginalized peoples in economically distressed communities. They provide these services with the intention of fostering economic growth and development in these communities. In 2022, Peoples Opportunity Fund served 48 CalHOME notes and an additional 2nd trust deed, demonstrating their active role in providing financial assistance and support. The organization's mission is essential in creating a more equitable and prosperous society, ensuring that everyone has the opportunity to thrive, regardless of their income or social status.
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Impact
October, 2024
Peoples Opportunity Fund significantly impacts economically distressed communities by fostering social and economic opportunities for low to moderate-income individuals and underserved populations. Through a revolving loan pool, it provides essential financial products and services, such as residential loans, affordable housing loans, microloans, and financing for community facilities.
Additionally, the Fund emphasizes the importance of financial education and counseling, helping community members build the skills necessary to manage their finances effectively. In 2022, the organization serviced 48 CalHome loans and supported additional trust deeds, ensuring access to housing solutions for those in need. By aligning its efforts with the needs of marginalized groups, Peoples Opportunity Fund plays a critical role in community development and economic empowerment in San Luis Obispo and surrounding areas.
This information is meant to be a general summary of Peoples Opportunity Fund. 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 2022.
- Program Service Revenue: $120,228
- Gross Receipts: $120,228
Assets and Liabilities:
- Total Assets: $1,389,050
- Total Liabilities: $82,736
- Net Assets: $1,306,314
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MTG DISCOUNT/LOANS INTEREST
Revenue
$69,089
INTEREST
Revenue
$50,187
MISCELLANEOUS
Revenue
$952
Organization Details
Founding Year
2010
Phone
(805) 781-3088Principal Officer
Kenneth Trigueiro
Main Address
1060 KENDALL ROAD, SAN LUIS OBISPO, CA, 93401
NTEE Category
Code: L82 - Housing
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