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Organizations Human Services Opportunity Resource Fund

Opportunity Resource Fund

Fiscal year ending 2024. Filed on June 13, 2025.

330 Marshall Street 105
Lansing, Michigan 48912

Opportunity Resource Fund (EIN: 38-2784136) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Opportunity Resource Fund, a 501(c)(3) charitable organization, reported compensation for 3 out of 19 total employees. Among the employees shown here, the average compensation is $182,538. The highest compensated employee at Opportunity Resource Fund is Christine Narayanan with fiscal year 2024 compensation of $242,501.

Revenue, expenses, and employee compensation

Revenue

$3,254,579

Expenses

$3,111,936

Employee compensation

$1,740,946
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Christine Narayanan
President and Chief Executive Officer
$242,501
$241,041 No related comp$1,460
Kevin Fitzgerald
Chief Financial Officer and Vice President, Finance
$189,799
$188,339 No related comp$1,460
Charles Turner
Director of Single Family Lending
$115,314
$102,062 No related comp$13,252

Benchmark Employee Compensation

Non-Employee Board Members

Anika Goss
Trustee
Carol Tarnowsky
Secretary
Curtis Smith
Trustee
Joseph Heaphy
Trustee
Marc Craig
Board Chair
Omar Cuevas
Trustee
Raymond Henney
Trustee
Robert Hunt
Former Chair
Sheilah P Clay
Vice Chair
Sonali Allen
Secretary (Ended 8/24)
Tarik Bazzy
Trustee
Thomas Johnson
Treasurer

Contractors

Reliable Building Solutions
Construction
$145,000
Blue Horizon Construction
Construction
$145,000

Mission Statement

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.

Revisions to this organization profile

June 13, 2025:
2024 Opportunity Resource Fund 990 filed
May 20, 2024:
2023 Opportunity Resource Fund 990 filed
July 27, 2023:
2022 Opportunity Resource Fund 990 filed

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