Overview
What is Community Opportunity Fund?
The Community Opportunity Fund is a nonprofit organization situated in Cold Spring, New York. Their primary mission is to enhance the lives of individuals residing in affordable housing communities. They achieve this by partaking in the development and refurbishment of such housing projects. Additionally, they cooperate in producing health, social services, education, culture, employment, and recreation programs. By nurturing and showcasing skills and talents within communities, they establish opportunities that enhance the overall life prospects of residents. Their vision is to foster an acknowledgment and support for the collective benefits of integrating social, health, and educational services into affordable and mixed-income housing within the housing and community development financing and regulatory systems.
Official website here: www.communityopportunityfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
The Community Opportunity Fund has received a rating of 87%, indicating a strong performance in the area of Accountability & Finance. This score reflects the organization's commitment to transparency and effective financial management, particularly highlighted by its independent board structure and the absence of material asset diversion, which are critical for maintaining donor trust.
Despite its strengths, the organization does face some limitations. The independent board size received a score of zero, which may raise concerns regarding governance practices. Additionally, the lack of a whistleblower policy and low fundraising efficiency ratio suggests potential areas for improvement. These factors imply that while the organization is financially sound, there may be operational aspects that need addressing for better overall effectiveness.
Overall, the Community Opportunity Fund demonstrates a solid foundation in accountability, but prospective donors might want to consider the noted limitations when assessing the nonprofit's operational governance and fundraising strategies.
This AI summary has been generated from information found on Charity Navigator.
Is Community Opportunity Fund legitimate?
Community Opportunity Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $124,325
For more financial information, click here
Official website here: www.communityopportunityfund.org
What is the mission statement of Community Opportunity Fund?
The Community Opportunity Fund aims to enhance the lives of residents living in affordable housing through various activities. This includes participating in the development and refurbishment of affordable housing and co-producing health, social services, education, culture, employment, and recreation programs. By tapping into the skills and talent within communities, the fund helps build connections to opportunities, thereby enhancing the life chances of residents. The fund envisions a future where integrating social, health, and educational services into affordable and mixed-income housing is widely recognized and supported by the housing and community development financing and regulatory systems.
Official website here: www.communityopportunityfund.org
Who is the CEO of Community Opportunity Fund?
Dawn Mottram is the President And Treasurer of Community Opportunity Fund.
Official website here: www.communityopportunityfund.org
What is the revenue of Community Opportunity Fund?
Community Opportunity Fund's revenue in 2022 was $3,959,879.
Official website here: www.communityopportunityfund.org
Who are the executives of Community Opportunity Fund and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- 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.communityopportunityfund.org
Where can I find the form 990 for Community Opportunity Fund?
Community Opportunity Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.communityopportunityfund.org
Learn more at the official website: www.communityopportunityfund.org
Mission Statement of Community Opportunity Fund
The Community Opportunity Fund seeks to enhance the lives of residents living in affordable housing by collaborating in the development and refurbishment of such housing units. Additionally, the organization co-produces various health, social services, education, culture, employment, and recreation programs. By encouraging and fostering the realization and release of skills and talents within communities, the Community Opportunity Fund aims to establish connections to opportunities, thereby enhancing the life prospects of its residents. In the future, the organization envisions a recognition and support of the individual, building, neighborhood, and societal benefits derived from integrating social, health, and educational services into affordable and mixed-income housing by the housing and community development financing and regulatory systems.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Community Opportunity Fund's impact is notable in improving the lives of affordable housing residents through its activities. By participating in the development and refurbishment of affordable housing, the organization helps create better living conditions for individuals and families. Furthermore, their involvement in co-producing health, social services, education, culture, employment, and recreation programs contributes to enhancing the overall well-being and opportunities for residents.
Through the integration of various services into affordable and mixed-income housing projects, the Community Opportunity Fund aims to strengthen communities, build connections to opportunities, and uplift the life prospects of residents. By recognizing and unleashing the skills and talents within these communities, the organization plays a crucial role in fostering a supportive environment where individuals can thrive. Ultimately, their vision is to see widespread acknowledgment and support for the benefits derived from intertwining social, health, and educational services within affordable housing developments.
This information is meant to be a general summary of Community 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.
- Investment Income: $148,378
- Program Service Revenue: $442,078
- Gross Receipts: $3,959,879
Assets and Liabilities:
- Total Assets: $13,744,322
- Total Liabilities: $238,499
- Net Assets: $13,505,823
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROJECT MANAGEMENT FEE
Revenue
$442,078
Organization Details
Founding Year
2016
Phone
(646) 430-9100Principal Officer
Dawn Mottram
Main Address
144 MAIN STREET, COLD SPRING, NY, 10516
NTEE Category
Code: L80 - Housing
If you are a representative of Community Opportunity Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.