Michigan · Nonprofit
Opportunity Resource Fund
Opportunity Resource Fund (Michigan) receives grants from 19 organizations whose IRS filings report $1,403,072 to it, the largest being LOCAL INITIATIVES SUPPORT CORPORATION ($180,000). 9 of them have funded it in more than one year.
- Revenue FY2024
- $3.3M
- Funders on record
- 19
- Grants received
- $1.4M
- Net assets
- $9.4M
What Opportunity Resource Fund does
Mission
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.
As stated on its FY2024 Form 990.
Program
Opportunity Resource Fund (OppFund) has a nearly 40-year legacy of delivering mission-driven capital across Michigan. Since 1985, OppFund has built a reputation as a reliable, flexible, and community-focused lender and development services provider. Our long-standing partnerships with local governments, nonprofits, and financial institutions support high-impact investments across urban and rural communities.As of year-end 2025, OppFund has deployed over $129 million in loan capital. This includes 431 real estate development projects, 240 small business loans, 11 consumer loans, and 554 homeownership loans. These investments have leveraged more than $284 million from public and private sources, resulting in the creation or preservation of 3,315 units of affordable housing, 830 new or improved housing units primarily serving low- and moderate-income households. Also, OppFund launched the Homeownership Relief Fund in 2025 which helps families bring mortgages current, avoid displacement, and regain financial footing. Since its launch it has benefited over 29 families.OppFund helps individuals, families, and small businesses across the state access the capital they need to improve…
$2,671,102 spentof which $151,953 as grants$1,700,994 earned by the program100% of program spending
The program described on its FY2025 Form 990. Program spending in total: $2,671,102.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $23M to $32M (+36%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2021 46% · 2022 75% · 2023 63% · 2024 36%. Grants only. Government contracts and fees sit inside program revenue.
52% of Opportunity Resource Fund’s revenue is contributions — about as donation-reliant as the typical peer (81% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Sheilah P Clay
Board Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 1 funder to 4 funders, grant income rose $1k → $34k.
6 of 19 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 40% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of Opportunity Resource Fund’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
Opportunity Resource Fund has a broad base — no single funder exceeds 13% of grant income, and it takes 5 funders to reach half.
the vertical line marks half of all grant income — 5 funders to its left
79% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Opportunity Resource Fund.
Largest funder’s share by year: 2017 100% · 2018 95% · 2019 97% · 2020 40% · 2021 35% · 2022 81% · 2023 75% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
33% of Opportunity Resource Fund's funders are still giving 3 years after their first grant; 47% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
Opportunity Resource Fund draws 86% of its grant income from funders outside Michigan, across 6 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $563k arriving through sponsors registered in 5 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
Opportunity Resource Fund holds deeper cash reserves than three-quarters of the 11,263 human services nonprofits its size.
this organization peer median middle 50% of peers· 11,263 human services nonprofits $1M–$10M, FY2024
Government funding Opportunity Resource Fund receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $5.6M on record.
- Department of the Treasury$5.6M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like Opportunity Resource Fund
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Michigan
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
77% of spending goes to programs.
Governance
Public support
100%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for Opportunity Resource Fund: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds Opportunity Resource Fund?
- Opportunity Resource Fund (Michigan) receives grants from 19 organizations whose IRS filings report $1,403,072 to it, the largest being LOCAL INITIATIVES SUPPORT CORPORATION ($180,000). 9 of them have funded it in more than one year.
- How many funders does Opportunity Resource Fund have?
- IRS filings report 19 organizations giving $1,403,072 in grants to Opportunity Resource Fund, 9 of which have funded it in more than one year.
- Who is the largest funder of Opportunity Resource Fund?
- LOCAL INITIATIVES SUPPORT CORPORATION is the largest funder on record, with $180,000 in grants. The full list of funders is on this page.
- How can an organization like Opportunity Resource Fund find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Michigan. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 19 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing