Overview
What is Opportunity Builders A Not For Profit Development Corporation?
Opportunity Builders A Not-For-Profit Development Corporation is a charitable organization based in Oakdale, California. With a mission to provide affordable housing and services, they have constructed and leased over 1,000 housing units, thereby offering accommodations to over 2,000 low-income residents. The organization is actively involved in more than a dozen affordable housing collaborations, overseeing social services within these partnerships. With a team of three dedicated individuals, Opportunity Builders continues to strive towards enhancing affordable living options for individuals with limited financial resources.
Official website here: www.opportunitybuilders.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star Rating
Opportunity Builders A Not For Profit Development Corporation received a Three-Star rating, indicating a solid performance in Accountability and Finance with a score of 76%. This rating reflects the organization's commitment to responsible financial practices, as demonstrated by a high program expense ratio of 90.13%, showing that a significant portion of its funds is dedicated to its programs and services.
The organization displays strengths in governance, with an independent board that meets the maximum score for size and majority independence. Additionally, there is no indication of material diversion of assets, which contributes positively to its accountability standing. However, the charity does have several areas needing improvement, particularly regarding its governance policies. It scored zero on conflict of interest, whistleblower, and document retention policies, which suggests a gap in practices that ensure accountability and transparency.
Overall, while Opportunity Builders demonstrates a strong commitment to programmatic spending and has a well-structured board, the lack of comprehensive governance policies raises concerns. Addressing these issues could enhance its operational integrity and boost its overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Opportunity Builders A Not For Profit Development Corporation legitimate?
Opportunity Builders A Not For Profit Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Opportunity Builders A Not For Profit Development Corporation 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: $60,973
Professional Fundraising Fees: $0
Other Salaries and Wages: $100,678
For more financial information, click here
Official website here: www.opportunitybuilders.org
What is the mission statement of Opportunity Builders A Not For Profit Development Corporation?
Opportunity Builders A Not-for-Profit Development Corporation is committed to providing a mission of affordable housing and services to low-income individuals. The organization has constructed and leased over a thousand units, thereby offering housing to over 2,000 low-income residents. In addition to offering housing, Opportunity Builders is actively involved in over a dozen affordable housing partnerships, where it not only builds housing but also oversees social services within these collaborations.
Official website here: www.opportunitybuilders.org
Who is the CEO of Opportunity Builders A Not For Profit Development Corporation?
Eric D Kjeldgaard is the President And Executive Di of Opportunity Builders A Not For Profit Development Corporation.
Official website here: www.opportunitybuilders.org
What is the revenue of Opportunity Builders A Not For Profit Development Corporation?
Opportunity Builders A Not For Profit Development Corporation's revenue in 2022 was $461,531.
Official website here: www.opportunitybuilders.org
Who are the executives of Opportunity Builders A Not For Profit Development Corporation and what are their salaries?
The average compensation at Opportunity Builders A Not For Profit Development Corporation during 2022 was $53,884. There are 3 employees at Opportunity Builders A Not For Profit Development Corporation.
Here are 4 key members and their salaries:
- Compensation: $60,973
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.opportunitybuilders.org
Where can I find the form 990 for Opportunity Builders A Not For Profit Development Corporation?
Opportunity Builders A Not For Profit Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.opportunitybuilders.org
Learn more at the official website: www.opportunitybuilders.org
Mission Statement of Opportunity Builders A Not For Profit Development Corporation
Opportunity Builders, a not-for-profit development corporation, is dedicated to providing a crucial service to low-income individuals. Their mission, in essence, is to offer affordable housing and accompanying services. This organization has demonstrated its commitment by constructing and leasing over a thousand units, thereby providing affordable housing to over 2,000 residents. Beyond just housing, Opportunity Builders is actively involved in 12 affordable housing partnerships, where they not only construct residences but also oversee the implementation and management of social services within these partnerships. This holistic approach to affordable housing ensures that the residents not only have a roof over their heads but also have access to necessary support services, thereby improving their overall quality of life.
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Impact
July, 2024
Opportunity Builders A Not For Profit Development Corporation has made a significant impact by providing over one thousand units of affordable housing to low-income individuals in Oakdale, CA. This initiative has positively impacted the lives of over 2,000 residents by offering them a safe and stable living environment. Additionally, the organization's involvement in over 12 affordable housing partnerships demonstrates its commitment to creating and overseeing social services that further support the well-being of residents in these communities. Through these efforts, Opportunity Builders contributes to addressing the critical need for affordable housing and improving the quality of life for low-income individuals in the area.
This information is meant to be a general summary of Opportunity Builders A Not For Profit Development Corporation. 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.
- Investment Income: $235,680
- Program Service Revenue: $225,851
- Gross Receipts: $461,531
Assets and Liabilities:
- Total Assets: $9,867,412
- Total Liabilities: $3,570,597
- Net Assets: $6,296,815
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$91,272
DEVELOPER FEES
Revenue
$49,671
PARTNERSHIP MANAGEMENT
Revenue
$46,545
TAX CREDIT COMPLIANCE
Revenue
$38,363
Organization Details
Founding Year
1994
Phone
(209) 848-4996Principal Officer
Eric D Kjeldgaard
Main Address
PO BOX 37, OAKDALE, CA, 95361
Website
www.opportunitybuilders.orgNTEE Category
Code: L20 - Housing
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