Opportunity Alabama Inc.

Fiscal year ending 2024. Filed on November 17, 2025.

1914 Third Ave N C-1
Birmingham, Alabama 35203

Opportunity Alabama Inc. (EIN: 83-2134053) has filed an IRS Form 990 since fiscal year 2019. In its fiscal year 2024 IRS Form 990 filing, Opportunity Alabama Inc., a 501(c)(3) charitable organization, reported compensation for 2 employees. Among the employees shown here, the average compensation is $190,666. The highest compensated employee at Opportunity Alabama Inc. is Alexander Flachsbart with fiscal year 2024 compensation of $190,666.

Revenue, expenses, and employee compensation

Revenue

$2,099,434

Expenses

$1,737,886

Employee compensation

$1,071,293
Revenue, expenses, and employee compensation over time

Mission Statement

FOUNDED IN 2018, OPPORTUNITY ALABAMA (OPAL) IS AN ECONOMIC DEVELOPMENT ORGANIZATION COMMITTED TO CREATING A NATIONAL MODEL OF SUSTAINABLE ECONOMIC DEVELOPMENT THROUGH COMMUNITY-LED, PLACE-BASED INVESTMENTS. WE HELP UNDERSERVED COMMUNITIES LEVERAGE DIVERSE FUNDING SOURCES FOR PROJECTS AND INITIATIVES THAT IMPROVE QUALITY OF PLACE AND ENHANCE THE BUILT ENVIRONMENT. MOST OF THAT WORK INVOLVES CLOSING ACCESS TO CAPITAL GAPS IN LOW-INCOME COMMUNITIES, IN ECONOMICALLY DISTRESSED COMMUNITIES, AND/OR WITHIN DISADVANTAGED POPULATIONS (INCLUDING, BUT NOT LIMITED TO, MINORITY- AND WOMEN-OWNED BUSINESSES, RESIDENTS OF LOW-INCOME AREAS, ETC.). THROUGH THAT WORK, WE REMEDIATE BLIGHT, IMPROVE GENERAL ECONOMIC AND SOCIETAL CONDITIONS, COMBAT COMMUNITY DETERIORATION, AND/OR PRESERVE THE TRADITIONS, ARCHITECTURE, AND APPEARANCE OF THE COMMUNITIES WE SERVE.

Revisions to this organization profile

November 17, 2025:
2024 Opportunity Alabama Inc. 990 filed
November 15, 2024:
2023 Opportunity Alabama Inc. 990 filed
November 1, 2023:
2022 Opportunity Alabama Inc. 990 filed

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