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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Housing & Shelter Opportunity Neighborhood

Opportunity Neighborhood

Fiscal year ending 2024. Filed on November 11, 2025.

PO Box 953
Elk River, Minnesota 55330

Opportunity Neighborhood (EIN: 41-1923622) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Opportunity Neighborhood, a 501(c)(3) charitable organization, reported compensation for 1 out of 18 total employees. Among the employees shown here, the average compensation is $74,223. The highest compensated employee at Opportunity Neighborhood is Perry Lofquist with fiscal year 2024 compensation of $74,223.

Revenue, expenses, and employee compensation

Revenue

$415,039

Expenses

$508,670

Employee compensation

$417,124
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Perry Lofquist
Executive Director
$74,223
$73,973 No related comp$250

Benchmark Employee Compensation

Non-Employee Board Members

Karl Spilseth
Board Member
Keith Bluford
Treasurer
Sue Willman
Secretary
Tom Schirber
Board Chair

Mission Statement

TO SUPPORT THE PEOPLE AND STRENGTHEN NEIGHBORHOODS WITHIN AFFORDABLE HOUSING COMMUNITIES, THROUGH COOPERATIVE PARTNERSHIPS.

Revisions to this organization profile

November 11, 2025:
2024 Opportunity Neighborhood 990 filed
October 14, 2024:
2023 Opportunity Neighborhood 990 filed
September 20, 2023:
2022 Opportunity Neighborhood 990 filed

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