Program areas at OFN
Financial services: expanding access to responsible, affordable capital.financial services includes the following activities which benefit low-income and low-wealth communities throughout the u.s: ofn's financing fund (on balance-sheet lending and investing to cdfis); fund management services (fee-based business providing cdfi fund management and asset management services to third party investors); new markets tax credit activity; and cdfi bond guarantee program bond issuance and administrative services.
Voice: amplifying the cdfi message and securing stakeholder support.across multiple platforms and audiences, ofn's strategic communications and policy advocacy drive the message that cdfi investments transform communities and change lives-and increases resources to cdfis.
Strength: building potential for impact.ofn strengthens the cdfi industry by providing peer learning opportunities, research, innovative networking platforms, and signature annual events (e.g. The ofn conference and small business Finance forum) for cdfi practitioners, partners, and investors.
Who funds Opportunity Finance Network (OFN)
Grants from foundations and other nonprofits
Personnel at OFN
Name | Title | Compensation | Date of data |
---|
Beth Lipson | Interim President and Chief Executive Officer and Chief Fina | $256,457 | 2022-12-31 |
Lisa Mensah | President and Chief Executive Officer Thru Aug 31 , 2022 | $339,989 | 2022-12-31 |
Amber Bell | Chief Strategy and Operation | $234,854 | 2022-12-31 |
Amber Kuchar-Bell | Chief Strategy and Operations Officer | | 2022-04-14 |
Amir Kirkwood | Chief Investment and Network Officer / Chief Lending and Investment Officer | $280,280 | 2021-12-31 |
...and 26 more key personnel |
Financials for OFN
Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
---|
Total grants, contributions, etc. | $63,110,366 | $42,845,699 | 47.3% |
Program services | $11,902,140 | $8,858,742 | 34.4% |
Investment income and dividends | $1,039,153 | $137,904 | 653.5% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $-3,220 | $178,815 | -101.8% |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $0 | $0 | - |
Total revenues | $76,048,439 | $52,021,160 | 46.2% |
Organizations like OFN
Organization | Type | Location | Revenue |
---|
LiftFund | 501(c)(3) | San Antonio, TX | $51,818,585 |
The national Development council | 501(c)(3) | New York, NY | $35,945,507 |
Southwest Initiative Foundation | 501(c)(3) | Hutchinson, MN | $19,655,047 |
Iff | 501(c)(3) | Chicago, IL | $64,193,835 |
Enterprise Community Partners | 501(c)(3) | Columbia, MD | $115,861,908 |
Rural Community Assistance Partnership Incorporated (RCAP) | 501(c)(3) | Washington, DC | $25,591,458 |
Pathway Lending | 501(c)(3) | Nashville, TN | $34,352,914 |
Calvert Impact Capital (CIC) | 501(c)(3) | Bethesda, MD | $30,134,256 |
Icast | 501(c)(3) | Lakewood, CO | $21,039,992 |
Southern Minnesota Initiative Foundation (SMIF) | 501(c)(3) | Owatonna, MN | $22,164,085 |
Data update history
December 5, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 3, 2023
Updated personnel
Identified 1 new personnel
November 27, 2023
Used new vendors
Identified 2 new vendors, including , and
October 23, 2023
Received grants
Identified 11 new grant, including a grant for $2,095,000 from Tides Foundation August 7, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Business and community development organizationsCommunity Development Financial InstitutionsCharities
Issues
Community improvementEconomic development
Characteristics
Political advocacyLobbyingNational levelReceives government fundingTax deductible donations
General information
- Address
- 123 S Broad St Suite 1930
- Philadelphia, PA 19107
- Metro area
- Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- County
- Philadelphia County, PA
- Website URL
- ofn.org/Â
- Phone
- (215) 923-4754
- Facebook page
- ofn.orgÂ
- Twitter profile
- @oppfinanceÂ
IRS details
- EIN
- 20-5189202
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2006
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S30: Economic Development
- NAICS code, primary
- 522120: Savings Institutions
- Parent/child status
- Independent
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