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Opportunity Incorporated

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 581949662 ✦ Laurinburg, NC ✦ Designated as a 501(c)(3)

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Overview

What is Opportunity Incorporated?

Opportunity Incorporated, a nonprofit organization based in Laurinburg, North Carolina (PO Box 293), primarily focuses on providing affordable housing solutions for low-income individuals. Their mission involves managing and developing affordable housing services, ensuring that these essential living spaces are made accessible to those in need. The organization's primary activity is the rental of single-family homes for individuals, while also offering management services for these housing units.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 94% - Four-Star out of Four Star rating

Opportunity Incorporated has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a score of 94%, the organization demonstrates a high level of transparency and effective management of resources, which is crucial for donor trust and engagement.

The organization showcases an impressive structure with 100% independent board members and a well-defined conflict of interest policy. Key metrics such as a low liabilities to assets ratio of 15.96% and a program expense ratio of 80.44% indicate that Opportunity Incorporated efficiently channels a significant portion of its resources towards its programs and services.

While the data highlights several strengths, it is essential for potential donors and supporters to consider ongoing evaluations of the organization's impact and outcomes. Overall, Opportunity Incorporated presents itself as a reliable nonprofit committed to maintaining high standards in governance and financial stewardship.


This AI summary has been generated from information found on Charity Navigator.

Is Opportunity Incorporated legitimate?

Opportunity Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Opportunity Incorporated 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: $0

For more financial information, click here

What is the mission statement of Opportunity Incorporated?

Opportunity Incorporated's mission is centered around managing and developing affordable housing services for individuals with low income. Their primary focus is on providing housing solutions, ensuring that these services are affordable for those in need. The organization is actively involved in the rental of single-family homes to individuals and offers management services for low-income affordable housing. Their mission aims to contribute positively to the housing sector, ensuring that low-income individuals have access to suitable living spaces.

Who is the CEO of Opportunity Incorporated?

Craig Ellis is the Chairman of Opportunity Incorporated.

What is the revenue of Opportunity Incorporated?

Opportunity Incorporated's revenue in 2023 was $484,537.

Who are the executives of Opportunity Incorporated and what are their salaries?


Here are 6 key members and their salaries:


Michael Coble (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Catherine Stubbs (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Walker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Wood (Vice-Chairma)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Ellis (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Laviner (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Opportunity Incorporated?

Opportunity Incorporated's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Opportunity Incorporated

Opportunity Incorporated is dedicated to managing and developing affordable housing services for individuals with low income. This nonprofit organization's mission is centered around providing affordable housing solutions, specifically for single-family homes. They offer rental services for these homes and also manage various low-income affordable housing properties. Through their efforts, Opportunity Incorporated aims to make a meaningful impact on the lives of those who need it most, helping to ensure that everyone has access to safe and affordable housing.

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Impact




July, 2024

Opportunity Incorporated's impact lies in providing crucial affordable housing services for low-income individuals. Through the management and development of affordable housing options, the organization offers rental opportunities for single-family housing to those in need. By focusing on this essential need, Opportunity Incorporated directly contributes to improving living conditions and stability for individuals facing economic challenges in Laurinburg, NC. This support helps create a foundation for a better quality of life and a sense of security for those served by the organization.




This information is meant to be a general summary of Opportunity Incorporated. 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.

Revenue
$484,537 (2023)
Expenses
$589,238 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $11,989
  • Program Service Revenue: $472,548
  • Gross Receipts: $484,537

Assets and Liabilities:

  • Total Assets: $9,489,312
  • Total Liabilities: $1,515,222
  • Net Assets: $7,974,090

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$460,859

MISC RELATED INCOME

Revenue

$11,689

Organization Details

Principal Officer

Craig Ellis

Main Address

PO BOX 293, LAURINBURG, NC, 28353

NTEE Category

Code: L80Z - Housing

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