Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2018.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
41 cents of each dollar spent went to programs.
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
15 people listed on the 990; $877K paid to officers and key staff.
Kathleen McGilvray’s $193K as Former CEO is at the 64th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2020 |
|---|---|---|---|---|
| Ann Houston | — | $81,443 | $180,634 | $267,065 |
| Kathleen McGilvray | $193,233 | $174,735 | — | — |
| William Gordon | — | $176,356 | $175,642 | $154,296 |
| William Morrison | $45,144 | $169,723 | $160,361 | $37,500 |
| David Price | — | — | — | $158,971 |
| Tamika Fowler | $152,830 | $148,024 | $128,128 | — |
| Nancy Turner | $139,472 | $146,540 | — | $109,685 |
| Anne Conway | $145,281 | $112,255 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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 15aYes
Programs and updates
Reinvests local resources and assets back into communities through an innovative business model.
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Management Services
Oppco members benefit from shared administration-financial management, human resources, operations, data and evaluation-and programmatic capacity in areas that benefit from scale and technical capacity including real estate development, asset management, and tenant services.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $394K | $645K |
| Total assetsLn 16 | $1.3M | $860K |
| LiabilitiesLn 26 | $1.2M | $1.1M |
| Net assetsLn 32 | $28K | −$193K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $418K | $337K | $80K | |
| Other salaries and wagesLn 7 | $1.8M | $952K | $707K | $168K |
| Pension plan contributionsLn 8 | $38K | $38K | ||
| Other employee benefitsLn 9 | $611K | $152K | $370K | $88K |
| Payroll taxesLn 10 | $187K | $95K | $74K | $18K |
| Legal feesLn 11b | $7K | $7K | ||
| Accounting feesLn 11c | $19K | $19K | ||
| Other fees for servicesLn 11g | $558K | $440K | $118K | |
| Office expensesLn 13 | $164K | $164K | ||
| Information technologyLn 14 | $302K | $302K | ||
| Total functional expensesLn 25 | $4.1M | $1.7M | $2.1M | $355K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $4.9M | $4.9M | $40K | $139K | 990 PDF |
| FY2023 | $4.9M | $5.0M | −$16K | $99K | 990 PDF |
| FY2022 Viewing | $3.9M | $4.1M | −$221K | −$193K | 990 PDF |
| FY2021 | Not on file | ||||
| FY2020 | $5.5M | $5.7M | −$213K | −$113K | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $3,909,558 across 5 lines filed
Part IX · Statement of functional expenses $4,130,676 across 10 lines filed
Part X · Balance sheet $860,101 assets, 10 lines filed
Part XI · Reconciliation of net assets −$193,119 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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