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.
Opportunity Resource Fund at a glance
In short: Opportunity Resource Fund gave $21K across 2 grants in 2025 (avg $11K), mostly in Michigan. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $21,187
- +37.6% vs 2024
- Grants made (2025)
- 2
- Average grant
- $10,594
- Median grant
- $10,594
- Total assets
- $31,672,524
- +3.6% vs 2024
- Primary geography
- Michigan (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Opportunity Resource Fund funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Bare All LLC ($11K). Together the top 2 received $21K.
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 4 grants of 5 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Opportunity Resource Fund gives
- Giving fell 44% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $15K (2024) to $60K (2021). In 2025 it made 2 grants totaling $21K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bare All LLC Grand Rapids, MI | Pass through small business grant from FHLBI | $11,187 |
| Cafe De Miro LLC Grand Rapids, MI | Pass through small business grant from FHLBI | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $31,672,524 | $3,774,089 | $3,490,612 | $21,187 | 2 | $262,964 |
| 2024 | $30,573,077 | $3,254,579 | $3,111,936 | $15,400 | Total only | $12,500 |
| 2023 | $27,951,331 | $3,996,660 | $2,957,387 | $20,400 | 1 | $18,970 |
| 2022 | $26,919,241 | $4,959,860 | $2,498,380 | $37,832 | 1 | $4,336 |
| 2021 | $31,795,394 | $4,238,589 | $2,155,004 | $59,833 | 1 | $516 |
| 2020 | $23,453,108 | $1,350,057 | $2,058,695 | — | — | $618 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Opportunity Resource Fund
Based on IRS filings
Opportunity Resource Fund is a public charity focused on Human Services, based in Lansing, MI. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $31.7M in total assets. In 2025, it awarded 2 grants totaling $21K. Net investment income was $263K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Opportunity Resource Fund is led by Christine Coady Narayanan, President & CEO on every filing since 2020; 5 of 13 officers listed in 2025 are compensated.
Officers on the 2025 filing
Christine Coady Narayanan
President & CEO
On filings since 2020
40 hrs/week
$158K (2020) → $162K (2025)
Byna Elliott
President & CEO
New on the 2025 filing
40 hrs/week
$163K (2025)
Sheilah P Clay
Board Chair
Secretary → Vice Chair, 2023
Vice Chair → Board Chair, 2025
On filings since 2020
4 hrs/week
No compensation reported
Charles Turner
Director of Single Family
Director of Single Family Lending → Director of Single Family, 2025
On filings since 2024
40 hrs/week
$102K (2024) → $106K (2025)
Curtis Smith
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Raymond Henney
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Omar Cuevas
Trustee
On filings since 2024
2 hrs/week
No compensation reported
Brett Oumedian
Trustee
New on the 2025 filing
2 hrs/week
No compensation reported
Kevin Fitzgerald
Vice President of Finance & CFO
On filings since 2020
40 hrs/week
$136K (2020) → $201K (2025)
Marcus Rankin
COO
New on the 2025 filing
40 hrs/week
$152K (2025)
Thomas Johnson
Treasurer
Trustee → Treasurer, 2023
On filings since 2020
2 hrs/week
No compensation reported
Carol Tarnowsky
Secretary
Trustee → Secretary, 2024
On filings since 2022
2 hrs/week
No compensation reported
Joseph Heaphy
Vice Chair
Trustee → Vice Chair, 2025
On filings since 2024
2 hrs/week
No compensation reported
Former officers (10)
- Former: Marc Craig (2020–2024) — Board Chair
- Former: Robert K Hunt (2020–2024) — Immediate Past Chair
- Former: Tarik Bazzy (2020–2024) — Trustee
- Former: Sonali Allen (2021–2024) — Secretary
- Former: Anika Goss (2022–2024) — Trustee
- Former: Amy Hovey (2020–2022) — Board Chair
- Former: Thomas H Seabron (2020–2022) — Vice Chair
- Former: Anthony Spokojny (2020) — Trustee
- Former: Sister Margaret Alandt IHM (2020) — Treasurer
- Former: Timothy Strasz (2020) — Chief Loan Officer
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $201K, to Kevin Fitzgerald (VP of Finance/CFO). 5 officers or directors reported compensation on that filing.
Frequently asked questions about Opportunity Resource Fund
How much does Opportunity Resource Fund give each year?
Opportunity Resource Fund gave $21K across 2 grants in 2025, according to its 2025 IRS Form 990. In 2024 it reported $15K in grants paid.
How large is Opportunity Resource Fund?
Opportunity Resource Fund reported $31.7M in total assets on its 2025 IRS Form 990. Its revenue that year was $3.8M.
What is Opportunity Resource Fund?
Opportunity Resource Fund is a public charity focused on Human Services, based in Lansing, MI. It holds $31.7M in total assets as of 2025.
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2024 (received by the IRS June 13, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS July 2, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Opportunity Resource Fund funds
Human Services Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Opportunity Resource Fund's focus areas in our free grants database
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Opportunity Resource Fund down — hundreds of funders to go?