Opportunity Neighborhood

Organization Overview

Opportunity Neighborhood is located in Elk River, MN. The organization was established in 1999. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Opportunity Neighborhood employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opportunity Neighborhood 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 12/2021, Opportunity Neighborhood generated $747.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $718.8k during the year ending 12/2021. While expenses have increased by 9.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT THE PEOPLE AND STRENGTHEN NEIGHBORHOODS WITHIN AFFORDABLE HOUSING COMMUNITIES, THROUGH COOPERATIVE PARTNERSHIPS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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. 2021 AGENCY ACCOMPLISHMENTS CREATED A HYBRID OUT-OF-SCHOOL TIME PROGRAM FOR RESIDENT YOUTH LIVING AT AMES LAKE NEIGHBORHOOD ON ST. PAUL'S EASTSIDE DURING THE COVID-19 PANDEMIC. 89% OF YOUTH PARTICIPATING IN THE LITERACY PROGRAM DURING AMES LAKE SUMMER CAMP INCREASED OR MAINTAINED THEIR READING FLUENCY. ASSISTED OVER 300 HOUSEHOLDS DURING THE COVID-19 PANDEMIC AVOID EVICTION AND POSSIBLE HOMELESSNESS THROUGH THE STATE OF MINNESOTA'S COVID-19 HOUSING ASSISTANCE PROGRAM. THE AGENCY CONTINUED TO BE FINANCIALLY STABLE DURING PANDEMIC AND SOCIAL UNREST DUE TO THE FLEXIBILITY AND UNDERSTANDING OF PARTNERS AND FUNDERS, AS WELL AS AND NEW FUNDING OPPORTUNITIES. THE COURTESY PROGRAM GREW TO 14 RENTAL COMPLEXES PROVIDING OVER 15,000 HOURS OF COURTESY SERVICES. (HTTP://WWW.SMARTGIVERS.ORG/CHARITY/REVIEW/OPPORTUNITY_NEIGHBORHOOD) AND GUIDESTAR'S 2019 PLATINUM SEAL OF TRANSPARENCY (HTTPS://WWW.GUIDESTAR.ORG/PROFILE/41-1923622) . THE AVERAGE RESIDENT TURNOVER AT ALL SERVICE SITES IS 32% COMPARED TO THE NATIONAL AVERAGE OF 54% (NATIONAL APARTMENT ASSOCIATION, 2014).


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Board, Officers & Key Employees

Name (title)Compensation
Perry Lofquist
Executive Director
$83,913
Keith Bluford
Treasurer
$0
Sue Willman
Secretary
$0
Tom Schirber
Board Chair
$0
Karl Spilseth
Board Member
$0
Trevor Hamdorf
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $271,573
All other contributions, gifts, grants, and similar amounts not included above$127,358
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$398,931
Total Program Service Revenue$347,891
Investment income $460
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $747,282

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Opportunity Neighborhood has recieved totaling $30,000.

Awarding OrganizationAmount
Jerstad Family Foundation

Sioux Falls, SD

PURPOSE: GENERAL SUPPORT

$15,000
Hardenbergh Foundation

St Paul, MN

PURPOSE: GENERAL OPERATING

$10,000
H E & H R Warren Foundation

Milwaukee, WI

PURPOSE: GENERAL OPERATING

$3,000
Joseph C And Lillian A Duke Foundation

Minneapolis, MN

PURPOSE: GENERAL OPERATING

$2,000
View Grant Recipient Profile

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