Opportunity Neighborhood

Nonprofit profile at a glance

EIN
411923622
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Elk River, MN, USA
Phone
6128051296
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Senior Citizens' Housing/Retirement Communities

Official website

Reported finances

Revenue
$415,039
Expenses
$508,670
Assets
$228,918
Liabilities
$302

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • PERRY LOFQUIST (EXECUTIVE DIRECTOR)

Highest reported compensation

  • PERRY LOFQUIST (EXECUTIVE DIRECTOR): $74,223 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To support the people and strengthen neighborhoods within affordable housing communities, through cooperative partnerships.

What it reported doing in 2024

Social services - opportunity neighborhood provided and coordinated social services at three affordable housing sites. The site locations included polynesian village in new brighton, eden park apartments in brooklyn park, and ames lake neighborhood on the east side of saint paul. The goals of opportunity neighborhood are to increase community safety, increase housing stability, and increase opportunities for family success. These goals are accomplished through a variety of services including early childhood programs, out of school time and summer programs, community gatherings, courtesy patrol, information and referral, and case management services. Services are provided by opportunity neighborhood and community partners. 2024 agency accomplishments:1. Community engagement: over 350 residents and community members participated in the 2024 national night out, co-hosted with the bureau of criminal apprehension (bca), fostering strong relationships between residents and public safety professionals.2. Literacy success: 80% of students in our literacy program advanced their reading levels to grade proficiency, highlighting the effectiveness of our academic support initiatives.3. Youth development: 100% of afterschool and teen program participants had no negative police contact, demonstrating the impact of consistent mentorship and structured enrichment.4. Family support: the 2024 holiday program served over 75 low-income children with gifts for the holiday and winter clothing. 5. Access to learning: we successfully launched the new mobile library program at ames lake neighborhood, bringing books and educational resources directly to our housing communities, eliminating transportation barriers and expanding access to reading materials for children and families.

Operating model

Revenue model
Earned-program. 78% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 92
  • Accountability: 90
  • Sustainability: 22
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 88.8%; rating input score 89
  • Fundraising efficiency: $3.42 raised per $1 spent on fundraising; rating input score 15; 15th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -22.6%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 0.45; rating input score 22; 22nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 56; 56th percentile among comparable filings
  • Officer compensation ratio: 14.6%; rating input score 25; 25th percentile among comparable filings

Growth

  • Program expense growth: 6.8% per year; rating input score 100; 61st percentile among comparable filings
  • Revenue growth: 2.2% per year; rating input score 100; 36th percentile among comparable filings
  • Asset growth: 6.4% per year; rating input score 100; 53rd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 88.8% of spending went to programs
  • Governance: 4 of 4 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $451K in reported program spending
  • Leadership: top reported pay $74K · 5 people listed
  • Consistency: 20 of 20 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 15/100.
  • High — Sustainability: Operating margin scored 13/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Total-asset coverage ratio scored 22/100.
  • High — Sustainability: Officer compensation ratio scored 25/100.
  • Review — Sustainability: Liabilities to assets ratio scored 56/100.