The Disability Fund Inc

Organization Overview

The Disability Fund Inc, operating under the name Disability Opportunity Fund, is located in Rockville Centre, NY. The organization was established in 2008. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Disability Opportunity Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Disability Opportunity Fund generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $5.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2019, Disability Opportunity Fund has awarded 202 individual grants totaling $5,968,992. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO FOSTER POSITIVE COMMUNITY DEVELOPMENT FOR PEOPLE WITH DISABILITIES AND THEIR FAMILIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) PROVIDING TECHNICAL AND FINANCIAL SERVICES TO INDIVIDUALS AND ORGANIZATIONS SERVING THE DISABILITY MARKET THROUGHOUT THE UNITED STATES, WITH A FOCUS ON AFFORDABLE HOUSING, SCHOOLS AND VOCATIONAL TRAINING CENTERS.


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Board, Officers & Key Employees

Name (title)Compensation
Charles D Hammerman
President And CEO
$458,414
Luis Donoso
Vice Chair
$0
Diana Turoff
Treasurer
$0
Larue Gibson
Chair
$0
Cinnamon Chambers Lewis
Secretary
$0
Justin Manaster
Assistant Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,090,000
All other contributions, gifts, grants, and similar amounts not included above$2,840,204
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,930,204
Total Program Service Revenue$888,724
Investment income $106,780
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$7,422
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,939,746

Grants Awarded

Over the last fiscal year, The Disability Fund Inc has awarded $1,006,892 in support to 21 organizations.

Grant RecipientAmount

DIF MANAGEMENT I LLC

PURPOSE: DEVELOPMENT PROJECTS & TO SUPPORT PAYROLL FOR PERSONS WITH

$332,316

THE SCHOOLHOUSE HOTEL WV LLC

PURPOSE: SUPPORT COMMUNITY DEVELOPMENT FOR PEOPLE WITH DISABILITIES

$275,000

WSS HARDWARE LLC

PURPOSE: SUPPORT COMMUNITY DEVELOPMENT FOR PEOPLE WITH DISABILITIES

$204,471

AUGUSTA LEAVY LEARNING CENTER

Org PageRecipient Profile

Wheeling, WV

PURPOSE: SUPPORT EDUCATIONAL SERVICES TO CHILDREN WITH SPECIAL NEEDS

$26,280

NATIONAL DISABILITY FINANCE COALITION

Org PageRecipient Profile

Hyattsville, MD

PURPOSE: SUPPORT COMMUNITY DEVELOPMENT FOR PEOPLE WITH DISABILITIES

$25,000

Westbury, NY

PURPOSE: SUPPORT RESIDENTIAL SERVICES TO ADULTS WITH DISABILITIES

$25,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that The Disability Fund Inc has recieved totaling $19,519.

Awarding OrganizationAmount
Network For Good Inc

Washington, DC

PURPOSE: UNRESTRICTED

$19,119
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$400
View Grant Recipient Profile

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