Overview
What is Better Opportunity Fund?
Better Opportunity Fund is a nonprofit organization situated in New York City, specifically at 175 Greenwich Street, Floor 59. Their primary mission involves extending mortgage loans to individuals and families with low income, who may struggle to secure adequate capital. In 2022, they successfully issued one mortgage to a member of the community. The organization's activities are geared towards community development, aiming to enhance the social and economic conditions of disadvantaged people and those with limited access to financial services, particularly in economically distressed areas.
Official website here: www.better.com/b/better-opportunity-fund
Is Better Opportunity Fund legitimate?
Better Opportunity Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Better 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: $48,454
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Official website here: www.better.com/b/better-opportunity-fund
What is the mission statement of Better Opportunity Fund?
The Better Opportunity Fund's mission is centered around promoting community development. They aim to enhance the social and economic conditions of low-income individuals and those with limited access to capital or financial services. This initiative extends to residents of economically distressed communities. Their activities are primarily focused on improving these conditions, working towards a more equitable society for all. At the core of their operations, the Better Opportunity Fund issues mortgages to individuals in need, extending financial assistance to those who may not have had access to adequate capital. In 2022, they extended this support to one member of the community.
Official website here: www.better.com/b/better-opportunity-fund
Who is the CEO of Better Opportunity Fund?
Unavailable
Official website here: www.better.com/b/better-opportunity-fund
What is the revenue of Better Opportunity Fund?
Better Opportunity Fund's revenue in 2022 was $10,045.
Official website here: www.better.com/b/better-opportunity-fund
Who are the executives of Better Opportunity Fund and what are their salaries?
There 4 volunteers at Better Opportunity Fund.
Here are 6 key members and their salaries:
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Official website here: www.better.com/b/better-opportunity-fund
Where can I find the form 990 for Better Opportunity Fund?
Better Opportunity Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.better.com/b/better-opportunity-fund
Learn more at the official website: www.better.com/b/better-opportunity-fund
Mission Statement of Better Opportunity Fund
Better Opportunity Fund, as a nonprofit organization, is committed to fostering community development. Their efforts are primarily aimed at improving the socio-economic conditions of low-income individuals and those who have limited access to financial services or capital. This mission extends to communities that are economically distressed as well. By providing mortgages to individuals and families in need, Better Opportunity Fund helps bridge the gap in access to adequate capital, thereby contributing to the betterment of these communities. In the context of 2022, the organization issued one mortgage to a member of the community, demonstrating their ongoing commitment to this mission.
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Impact
August, 2024
Better Opportunity Fund's impact includes providing much-needed financial support to low-income individuals and families who lack access to traditional mortgages. By issuing mortgages to these groups, the organization helps empower them to achieve homeownership, which can have a transformative effect on their lives. Additionally, Better Opportunity Fund's focus on promoting community development contributes to improving the social and economic conditions of economically distressed neighborhoods in New York. Through their efforts, the organization is making a tangible difference in the lives of those who are often marginalized or underserved in the traditional financial system.
This information is meant to be a general summary of Better 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: $9,214
- Gross Receipts: $10,045
Assets and Liabilities:
- Total Assets: $1,011,484
- Total Liabilities: $50,156
- Net Assets: $961,328
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Organization Details
Founding Year
2021
Phone
(503) 778-5215Main Address
175 GREENWICH STREET FLOOR 59, New York, NY, 10007
NTEE Category
Code: W60 - Public benefit
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