Opportunity Resource Fund
Opportunity Resource Fund (OppFund) promotes affordable housing, small business ownership, single family mortgages, strong communities, and fosters social and economic justice by providing loans and development services throughout the state of Michigan. By making funds available to those denied access to traditional capital, OppFund is breaking the cycle of poverty and assisting in the revitalization of Michigan neighborhoods and communities. Pre and post loan closing development services are a provision of services offered to individuals, nonprofits, and business owners.OppFund is a certified community development financial institution and functions as a revolving loan fund. It accepts socially motivated investments from individuals, not for profit organizations and banks with interest rates ranging generally from zero to three percent. These investment dollars are pooled to provide loans at affordable rates for real estate development, small business and homeownership loans.
Key facts about Opportunity Resource Fund
- EIN
- 38-2784136
- Latest 990 filing
- Form 990-PF, 2024
- Total assets
- $30,573,077
Data from IRS Form 990-PF, 2024; updated September 2026.
Next steps with Opportunity Resource Fund
- How to evaluate Opportunity Resource Fund as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$30.6M
+9.4% YoY
Revenue
$3.3M
-18.6% YoY
Net Investment Income
$13K
-34.1% YoY
Expenses
$3.1M
+5.2% YoY
About Opportunity Resource Fund
Based on IRS filings
Opportunity Resource Fund is a nonprofit organization focused on Human Services, based in Lansing, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $30.6M in total assets. Net investment income was $13K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $30,573,077 | $27,951,331 | $26,919,241 |
| Revenue | $3,254,579 | $3,996,660 | $4,959,860 |
| Expenses | $3,111,936 | $2,957,387 | $2,498,380 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $12,500 | $18,970 | $4,336 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Christine Narayanan | President/CEO | 40 | $241,041 |
| Kevin Fitzgerald | VP of Finance/CFO | 40 | $188,339 |
| Charles Turner | Director of Single Family Lending | 40 | $102,062 |
| Joseph Heaphy | Trustee | 2 | — |
| Omar Cuevas | Trustee | 2 | — |
| Anika Goss | Trustee | 2 | — |
| Curtis Smith | Trustee | 2 | — |
| Raymond Henney | Trustee | 2 | — |
| Tarik Bazzy | Trustee | 2 | — |
| Carol Tarnowsky | Secretary | 2 | — |
| Sonali Allen | Secretary (ended 8/24) | 2 | — |
| Thomas Johnson | Treasurer | 2 | — |
| Sheilah P Clay | Vice Chair | 2 | — |
| Marc Craig | Board Chair | 4 | — |
| Robert Hunt | Immediate Past Chair | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Opportunity Resource Fund?
Opportunity Resource Fund is a nonprofit organization focused on Human Services, based in Lansing, MI. It holds $30.6M in total assets as of 2024.
How large is Opportunity Resource Fund?
As of 2024, Opportunity Resource Fund holds $30.6M in total assets with $3.3M in annual revenue.
Where does Opportunity Resource Fund operate?
Opportunity Resource Fund has awarded grants in District of Columbia, Michigan.
What is Opportunity Resource Fund's EIN?
Opportunity Resource Fund's EIN (Employer Identification Number) is 38-2784136. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.