Overview
What is Opportunity Partners Inc?
Opportunity Partners Inc is a nonprofit organization situated in San Jose, California, with an address at 1141 Owsley Avenue A, 95122. Their primary purpose is twofold: providing affordable housing for individuals with low income and promoting amateur sports competitions. The organization manages a nine-unit apartment complex in Los Angeles, California, catering specifically to those in need of affordable housing. This multi-faceted approach aims to uplift and support communities in both housing and recreational activities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 44%, Zero-Star out of Four Star rating.
Opportunity Partners Inc has received a low rating of 44%, resulting in a Zero-Star designation, primarily due to significant issues related to accountability and finance. The organization has no independent board members, which raises concerns about governance and oversight. Additionally, critical policies and documentation, such as conflict of interest and whistleblower policies, are missing, indicating a lack of adherence to commonly accepted best practices in nonprofit management.
On a more positive note, Opportunity Partners Inc has demonstrated effective program spending, achieving a perfect score of 100% in the program expense ratio. This suggests that all of its expenditures are directed towards its programs, which is a strong indication of its commitment to fulfilling its mission. However, the absence of essential governance structures and transparency measures overshadows this positive aspect.
Overall, while Opportunity Partners Inc may be effectively utilizing its funds for programmatic purposes, the organization faces serious challenges in governance and financial accountability that could impact its reputation and effectiveness in the long term. Strengthening its board independence and implementing necessary policies are critical steps needed for improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Opportunity Partners Inc legitimate?
Opportunity Partners Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Opportunity Partners Inc 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 Partners Inc?
Opportunity Partners Inc is committed to serving low-income individuals by providing them with rental housing. Additionally, the organization demonstrates its dedication to community development by fostering amateur sports competitions. In essence, Opportunity Partners Inc aims to contribute to the well-being of low-income individuals and promote community engagement through sports. The organization achieves this by owning and managing a nine-unit apartment complex, offering affordable housing to eligible residents, and supporting local sports initiatives.
Who is the CEO of Opportunity Partners Inc?
David Yancey is the Ceo of Opportunity Partners Inc. The CEO's salary of Opportunity Partners Inc is $0 and their total compensation is $0.
What is the revenue of Opportunity Partners Inc?
Opportunity Partners Inc's revenue in 2022 was $66,485.
Who are the executives of Opportunity Partners Inc and what are their salaries?
Here are 2 key members and their salaries (Opportunity Partners Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Opportunity Partners Inc?
Opportunity Partners Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Opportunity Partners Inc
Opportunity Partners Inc, as a nonprofit organization, is committed to two primary objectives. Firstly, it aims to provide affordable rental housing for individuals with low income. By managing a nine-unit apartment complex in Los Angeles, California, Opportunity Partners Inc offers housing solutions to individuals who may otherwise struggle to secure decent and affordable accommodation.
Secondly, Opportunity Partners Inc is dedicated to fostering amateur sports competition. While the information provided does not specify the nature of the sports or the extent of their involvement, it is clear that the organization sees value in promoting sports activities among the community. By doing so, they contribute to the overall well-being and development of the individuals they serve, offering a holistic approach to addressing their housing needs and providing opportunities for personal growth and social engagement.
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Impact
August, 2024
Opportunity Partners Inc's impact is two-fold. Firstly, it provides essential rental housing to low-income individuals in Los Angeles, California through its nine-unit apartment complex. This helps address the pressing need for affordable housing in the region, ensuring that vulnerable populations have a safe and stable place to live.
Secondly, the organization plays a role in fostering amateur sports competition, contributing to physical fitness, community engagement, and overall well-being. This dual focus on housing provision and sports promotion underscores Opportunity Partners Inc's commitment to supporting the holistic development and quality of life of individuals in its community.
This information is meant to be a general summary of Opportunity Partners Inc. 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: $998
- Program Service Revenue: $2,086
- Gross Receipts: $149,880
Assets and Liabilities:
- Total Assets: $412,621
- Total Liabilities: $259,756
- Net Assets: $152,865
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Laundry and other income
Revenue
$2,086
Organization Details
Founding Year
1990
Phone
(408) 971-7000Principal Officer
David Yancey
Main Address
1141 Owsley Avenue A, San Jose, CA, 95122
NTEE Category
Code: L20 - Housing
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