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Opportunity Incorporated FY2021 filing

Tax-deductible

Laurinburg, NC501(c)(3)HousingEIN 58-1949662Revenue $431K in FY2021

On file with the IRSPo Box 293, 28353-0293 · Laurinburg, NCTax-exempt since Nov 1991Publicly supported charity — 170(b)(1)(A)(vi)

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To manage and develop affordable housing services for low income individuals.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $109K a year · 20% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
36 mo
of spending, in cash
Looks good: 35.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$49K
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$431K
Spent
$508K
To programs
86%
Net assets
$6.3M
By yearFY2021–FY2025
Revenue
$431K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$431K
FY2022$419K
FY2023$485K
FY2024$702K
FY2025$739K
Expenses
$508K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$508K
FY2022$487K
FY2023$589K
FY2024$880K
FY2025$855K
Net assets
$6.3M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$6.3M
FY2022$6.2M
FY2023$8.0M
FY2024$7.8M
FY2025$7.7M

From the FY2021 Form 990 (year ending June 2021) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1991.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $435K Management & general 14% · $74K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Michael Coble
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Greg Wood
Vice-Chairma
$0Pt VII · Sec A
Craig Ellis
Chairman
$0Pt VII · Sec A
Karen Laviner
Treasurer
$0Pt VII · Sec A
See Opportunity Incorporated executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Develops and manages affordable housing services for low-income individuals.

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Provided by the organization

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1 program · $435K · in their own filed words · FY2020
01

Rental of low income single family housing to individuals and management services for low income affordable housing.

$435Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$431K
Ln 12
Fees for servicesLn 2g$430K
Investment incomeLn 3$749
Money outPt IX
$508K
Ln 25
Programscol B$435K
Managementcol C$74K
Owns and owesPt X
$6.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$6.4M
LiabilitiesLn 26$49K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$430K
Investment incomeLn 3$749
Total revenueLn 12$431K
Assets in detailPt X, end of year
CashLn 1$493K
SavingsLn 2$1.0M
Cash and savings togetherLn 1–2$1.5M
Land, buildings, equipmentLn 10c$4.6M
Total assetsLn 16$6.4M
LiabilitiesLn 26$49K
Net assetsLn 32$6.3M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.4M$1.5M
Land, buildings, equipmentLn 10c$4.8M$4.6M
Total assetsLn 16$6.4M$6.4M
LiabilitiesLn 26$54K$49K
Net assetsLn 32$6.4M$6.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$16K$16K
Other employee benefitsLn 9$25K$25K
Management feesLn 11a$74K$74K
Legal feesLn 11b$112$112
Accounting feesLn 11c$100$100
Other fees for servicesLn 11g$11K$11K
Advertising and promotionLn 12$41$41
Office expensesLn 13$226$226
OccupancyLn 16$128K$128K
TravelLn 17$1K$1K
Depreciation, depletion and amortizationLn 22$227K$227K
InsuranceLn 23$26K$26K
Total functional expensesLn 25$508K$435K$74K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $739K$855K−$117K$7.7M 990 PDF
FY2024 $702K$880K−$178K$7.8M 990 PDF
FY2023 $485K$589K−$105K$8.0M 990 PDF
FY2022 $419K$487K−$68K$6.2M 990 PDF
FY2021 Viewing $431K$508K−$78K$6.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $430,525 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $416,796$429,776
I-10 Investment incomePrior year $801$749
I-11 Other revenue$0
I-12 Total revenuePrior year $417,597$430,525
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $24,181$41,435
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $447,497$466,902
I-18 Total expensesPrior year $471,678$508,337
I-19 Revenue less expensesPrior year −$54,081−$77,812
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $430,525 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $429,776$429,776
VIII-3 Investment incomeRelated to mission $749$749
VIII-12 Total revenueRelated to mission $430,525$430,525
Part IX · Statement of functional expenses $508,337 across 12 lines filed
IX-7 Other salaries and wagesPrograms $16,201$16,201
IX-9 Other employee benefitsPrograms $25,234$25,234
IX-11a Management feesManagement $73,705$73,705
IX-11b Legal feesPrograms $112$112
IX-11c Accounting feesPrograms $100$100
IX-11g Other fees for servicesPrograms $11,479$11,479
IX-12 Advertising and promotionPrograms $41$41
IX-13 Office expensesPrograms $226$226
IX-16 OccupancyPrograms $128,048$128,048
IX-17 TravelPrograms $1,162$1,162
IX-22 Depreciation, depletion and amortizationPrograms $226,508$226,508
IX-23 InsurancePrograms $25,521$25,521
IX-25 Total functional expensesPrograms $434,632 · Management $73,705 · Fundraising $0$508,337
Part X · Balance sheet $6,359,328 assets, 12 lines filed
Asset lines not itemized here account for $71,595; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $402,120$493,184
X-2 Savings and temporary cash investmentsStart of year $975,614$1,025,195
X-4 Accounts receivableStart of year $193,581$196,406
X-9 Prepaid expenses and deferred chargesStart of year $8,654$8,499
X-10c Land, buildings and equipment, netStart of year $4,784,357$4,564,449
X-16 Total assetsStart of year $6,442,002$6,359,328
X-17 Accounts payable and accrued expensesStart of year $25,451$20,579
X-25 Other liabilitiesStart of year $28,613$28,623
X-26 Total liabilitiesStart of year $54,064$49,202
X-27 Net assets without donor restrictionsStart of year $6,387,938$6,310,126
X-32 Total net assets or fund balancesStart of year $6,387,938$6,310,126
X-33 Total liabilities and net assetsStart of year $6,442,002$6,359,328
Part XI · Reconciliation of net assets $6,310,126 net assets at year end
XI-1 Total revenue$430,525
XI-2 Total expenses$508,337
XI-3 Revenue less expenses−$77,812
XI-4 Net assets at start of year$6,387,938
XI-10 Net assets at end of year$6,310,126

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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