Nonprofit · EIN 31-1719434
ACCION OPPORTUNITY FUND COMMUNITY DEVELOPMENT
Tax-exempt · SAN JOSE, CA 95113
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $71,138,134 | $58,689,618 | $12,448,516 | $257,311,734 | $185,037,698 | $72,274,036 |
| June 30, 2024 | 990 | $44,456,188 | $55,470,785 | -$11,014,597 | $217,343,540 | $157,553,219 | $59,790,321 |
| June 30, 2023 | 990 | $50,501,448 | $51,481,991 | -$980,543 | $228,764,404 | $155,989,008 | $72,775,396 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $31,111,378
- of which government grants
- $177,612
- Program service revenue
- $37,685,401
- Investment income
- $2,341,355
- Net gain from sales of assets
- $105,802
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,190,000
- Compensation of officers, directors and key employees
- $3,647,610
- Other salaries and wages
- $14,553,413
- Salaries, compensation and benefits (total)
- $21,887,721
- Professional fundraising fees
- $0
- Legal fees
- $103,474
- Accounting fees
- $198,450
- Occupancy
- $464,217
- Travel
- $171,470
- Depreciation
- $689,218
- Program services (functional)
- $49,522,436
- Management and general (functional)
- $7,657,926
- Fundraising (functional)
- $1,509,256
Balance sheet and other
- Total assets, start of year
- $217,343,540
- Total assets, end of year
- $257,311,734
- Total liabilities, end of year
- $185,037,698
- Net assets, end of year
- $72,274,036
- Land, buildings and equipment
- $2,878,367
- Publicly traded securities
- $5,231,145
- Net assets without donor restrictions
- $61,811,617
- Net assets with donor restrictions
- $10,462,419
- Gross receipts
- $72,756,162
- Employees
- 167
- Volunteers
- 20
- Year formed
- 1993
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAMS WATSON | NATIONAL SALES MANAGER Highest-paid employee | 40 | $598,419 | $43,883 |
| DAVID COULTAS | CHIEF FINANICAL AND OPERATING OFFICER Officer | 38 | $418,314 | $42,049 |
| LUZ DE LOURDES LOPEZ URRUTIA | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 38 | $366,073 | $25,996 |
| ROBERT KERN SEARS | CHIEF TECHNOLOGY & STRATEGY OFFICER Key employee | 40 | $353,795 | $35,799 |
| AUGUSTO VAZQUEZ | CHIEF REVENUE OFFICER Key employee | 40 | $345,839 | $34,368 |
| ANJANA THATTE THATTE BERDE | CHIEF PEOPLE OFFICER (THRU 02/25) Key employee | 40 | $339,471 | $33,614 |
| CHRISTOPHER PILKERTON | CHIEF LEGAL & REG STRA OFFICER (THRU 02/25) Key employee | 40 | $315,955 | $34,026 |
| KEVIN P GABEL | VP, PRODUCT Highest-paid employee | 40 | $308,296 | $39,698 |
| LAUREN N VAN DER TUIN | CHIEF CUSTOMER EXPERIENCE OFFICER Highest-paid employee | 40 | $309,154 | $32,885 |
| PATNY SANJEEV | CHIEF CREDIT OFFICER Key employee | 40 | $319,946 | $16,862 |
| LUIS RODRIGUEZ | CHIEF OPERATIONS & SERVICING OFFICER Key employee | 40 | $300,841 | $20,104 |
| GRETCHEN RUETHLING | SVP, STRATEGIC PARTNERSHIPS AND PROGRAMS (THRU 02/ Key employee | 40 | $258,668 | $36,810 |
| ADRIANA EIRIZ | SVP, PARTNERSHIP & STRATEGIC GROWTH Highest-paid employee | 40 | $259,674 | $22,225 |
| JOE WILLIAMS | SR. DIRECTOR, INFORMATION TECHNOLOGY OPS Highest-paid employee | 40 | $236,977 | $34,894 |
| VERONICA FIGOLI FLEISCHER | CHIEF DEVELOPMENT OFFICER (THRU 05/25) Key employee | 40 | $250,088 | $9,082 |
20 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANNA SCHEMBER | CHIEF OF STAFF Key employee | 38 | $191,490 | $18,934 |
| GREG AVIS | BOARD CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| CARETHA COLEMAN | VICE CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| SWATI BHATIA | SECRETARY Trustee or director, Officer | 1.5 | $0 | $0 |
| TODD BAKER | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| GOPI BILA | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| PHIL BLACK | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| DICKSON CHU | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| SOLANA COZZO | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| JONI CROPPER | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| DEBRA ENGEL | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| MADELEINE FACKLER | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| BRIAN GRAHAM | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| PARKER HUDNUT | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| LATA KRISHNAN | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| JUANITA LOTT | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| SAMUEL RAMOS | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| MICHAEL SCHLEIN | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| DIANA TAYLOR | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| KARTHIK VENKATARAMAN | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
990 for the year ended June 30, 2024: 34 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LUZ DE LOURDES LOPEZ URRUTIA | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 37 | $408,275 | $20,346 |
| ANJANA THATTE BERDE | CHIEF PEOPLE OFFICER Key employee | 40 | $359,017 | $29,305 |
| ROBERT KERN SEARS | CHIEF PRODUCT OFFICER Key employee | 40 | $363,018 | $21,277 |
| CHRISTOPHER PILKERTON | CHIEF REGULATORY STRATEGY OFFICER Key employee | 39.75 | $335,072 | $33,145 |
| KEVIN P GABEL | VP, PRODUCT Highest-paid employee | 40 | $307,489 | $35,192 |
| LAUREN N VAN DER TUIN | CHIEF ANALYTICS OFFICER Highest-paid employee | 40 | $309,986 | $26,300 |
| ERIC SEAN TRUX | SVP, TREASURER Highest-paid employee | 40 | $285,300 | $35,955 |
| VERONICA FIGOLI FLEISCHER | CHIEF DEVELOPMENT OFFICER Key employee | 40 | $277,617 | $9,863 |
| MICHAEL RAPAPORT | PRESIDENT & COO (THRU 08/23) Officer | 38.5 | $255,243 | $31,883 |
| GINA HARMAN | CHIEF ADMIN OFFICER (THRU 10/23) Key employee | 32 | $268,349 | $17,659 |
| GRETCHEN RUETHLING | SVP, STRATEGIC PARTNERSHIP Key employee | 40 | $257,275 | $18,135 |
| MEAGHAN MARY BEVER | CHIEF COMPLIANCE OFFICER Highest-paid employee | 40 | $244,348 | $24,552 |
| KAITLIN LYNCH | VP OF MARKETING (THRU 09/23) Highest-paid employee | 40 | $240,714 | $11,380 |
| DAVID COULTAS | EVP & CHIEF FINANICAL OFFICER Officer | 37 | $231,616 | $19,063 |
| GREG AVIS | BOARD CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| CARETHA COLEMAN | VICE CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| JIM KOSHLAND | VICE CHAIR (THRU 08/23) Trustee or director, Officer | 1.5 | $0 | $0 |
| MICKEY KONSON | SECRETARY (THRU 12/23) Trustee or director, Officer | 1.5 | $0 | $0 |
| ESTEBAN ALTSCHUL | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| TODD BAKER | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| SWATI BHATIA | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| PHIL BLACK | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| DICKSON CHU | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| SOLANA COZZO | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| JONI CROPPER | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| DEBRA ENGEL | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| MADELEINE FACKLER | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| BRIAN GRAHAM | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| PARKER HUDNUT | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| LATA KRISHNAN | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| JUANITA LOTT | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| SAM RAMOS | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| MICHAEL SCHLEIN | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| DIANA TAYLOR | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
990 for the year ended June 30, 2023: 34 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LUZ LOPEZ URRUTIA | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 37 | $403,402 | $17,826 |
| ROLLAND JURGENS | EVP & CFO (THRU 09/22) Officer | 37 | $366,292 | $20,148 |
| MICHAEL RAPAPORT | PRESIDENT, COO Officer | 38.5 | $349,194 | $34,519 |
| ANJANA THATTE BERDE | CHIEF PEOPLE OFFICER Key employee | 40 | $335,579 | $15,801 |
| CHRISTOPHER PILKERTON | CHIEF LEGAL & REGULATORY STRATEGY OFFICER Key employee | 40 | $318,195 | $23,938 |
| LAUREN N VAN DER TUIN | CHIEF ANALYTICS OFFICER Highest-paid employee | 40 | $319,241 | $15,259 |
| LUIS RODRIGUEZ | CHIEF OPERATIONS & SERVICING OFFICER Key employee | 40 | $317,287 | $15,159 |
| GINA HARMAN | CHIEF ADMINISTRATIVE OFFICER Key employee | 32 | $315,041 | $15,862 |
| KEVIN P GABEL | VP, PRODUCT Highest-paid employee | 40 | $299,096 | $22,420 |
| ERIC SEAN TRUX | TREASURER Highest-paid employee | 40 | $256,552 | $28,540 |
| VERONICA FIGOLI FLEISCHER | CHIEF DEVELOPMENT OFFICER Key employee | 40 | $248,063 | $6,750 |
| JAMES XU | SR. DIRECTOR, ANALYTICS & BUSINESS INTELLIGENCE Highest-paid employee | 40 | $236,503 | $15,197 |
| GRETCHEN RUETHLING | SVP, STRATEGIC PARTNERSHIP AND PROGRAMS Highest-paid employee | 40 | $229,330 | $13,475 |
| GREG AVIS | BOARD CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| JIM KOSHLAND | VICE CHAIR & SECRETARY Trustee or director, Officer | 1.5 | $0 | $0 |
| ESTEBAN ALTSCHUL | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| TODD BAKER | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| SWATI BHATIA | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| PHIL BLACK | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| DICKSON CHU | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| CARETHA COLEMAN | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| SOLANA COZZO | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| JONI CROPPER | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| DEBRA ENGEL | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| MADELEINE FACKLER | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| BRIAN GRAHAM | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| PARKER HUDNUT | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| MICKEY KONSON | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| LATA KRISHNAN | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| JUANITA LOTT | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| NATHALIE MOLINA NINO | DIRECTOR (THRU 09/22) Trustee or director | 1.5 | $0 | $0 |
| SAM RAMOS | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| MICHAEL SCHLEIN | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| DIANA TAYLOR | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 111 W SAINT JOHN ST STE 800, SAN JOSE, CA 95113-1121
- Principal officer (990 for 2024)
- DAVID COULTAS, 111 WEST ST JOHN STREET 800, SAN JOSE, CA 95113
- Signed the 990
- DAVID COULTAS, CHIEF FINANCIAL & OPERATING OFFICER
- Phone
- (408) 297-0204
- Website
- AOFUND.ORG
- Return prepared by
- ARMANINO ADVISORY LLC
California records
California keeps its own records of charities and corporations. Search them by EIN 31-1719434 or by the name ACCION OPPORTUNITY FUND COMMUNITY DEVELOPMENT.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
ACCION OPPORTUNITY FUND'S MISSION IS TO DELIVER AFFORDABLE CAPITAL AND RESPONSIBLE FINANCIAL SOLUTIONS TO UNDERSERVED ENTREPRENEURS AND COMMUNITIES, WITH A SPECIAL FOCUS ON LOW-INCOME PEOPLE, PEOPLE OF COLOR, AND WOMEN.
Program accomplishments
- SMALL BUSINESS LENDING PROGRAM - THE ORGANIZATION MAKES LOANS TO SMALL BUSINESSES THAT LACK ACCESS TO AFFORDABLE CREDIT FROM TRADITIONAL SOURCES. SINCE INCEPTION, THE ORGANIZATION HAS MADE OVER 35,380 LOANS TOTALING $1,066 MILLION TO SMALL BUSINESSES WHOSE OWNERS ARE PRIMARILY PEOPLE OF COLOR AND LOW AND MODERATE INCOME. MANY LOANS TO CALIFORNIA-BASED BORROWERS ARE ENROLLED IN A CREDIT LOSS BACKSTOP PROGRAM PARTIALLY FUNDED BY THE STATE OF CALIFORNIA AS PART OF ITS CAPITAL ACCESS PROGRAM. (CONTINUED ON SCHEDULE O) THE ORGANIZATION SELLS PARTICIPATIONS IN ITS LOAN PORTFOLIO. THE PURPOSE OF THESE SALES IS TO MANAGE CREDIT CONCENTRATION IN THE ORGANIZATION'S PORTFOLIO AND TO GENERATE LIQUIDITY TO PROVIDE FOR ADDITIONAL LOAN GROWTH. LOANS ARE TYPICALLY SOLD AT A PREMIUM OVER FACE VALUE AND THE ORGANIZATION RETAINS THE SERVICING OF THE LOANS, FOR WHICH IT CHARGES A MONTHLY FEE.Expenses $48,021,504 · grants $2,190,000 · revenue $35,684,525
- NEW MARKET TAX CREDITS PROGRAM - IN 2003, THE ORGANIZATION WAS CERTIFIED BY THE U.S. DEPARTMENT OF TREASURY COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION FUND ("CDFI FUND") AS A COMMUNITY DEVELOPMENT ENTITY ("CDE") UNDER ITS NEW MARKET TAX CREDIT (''NMTC") PROGRAM. AS OF JUNE 30, 2025, THE ORGANIZATION HAS RECEIVED A CUMULATIVE TOTAL OF $558 MILLION OF TAX CREDIT ALLOCATIONS. THE ORGANIZATION THROUGH ITS SUBSIDIARY CDE, THE LCD NEW MARKETS FUND, LLC, USES THESE ALLOCATIONS TO ATTRACT NEW CAPITAL TO SUPPORT LARGE REAL ESTATE PROJECTS PROVIDING HIGH COMMUNITY IMPACT IN LOW-INCOME AREAS. AS OF JUNE 30, 2025 AND 2024, THE ORGANIZATION HAS DEPLOYED $522 MILLION AND $498 MILLION IN QUALIFIED EQUITY INVESTMENTS ("QEIS"), RESPECTIVELY.Expenses $978,894 · revenue $2,000,876
- POLICY PROGRAM: ACCION OPPORTUNITY FUND CONDUCTS PROGRAM EVALUATION AND RESEARCH AND ADVOCATES FOR FEDERAL, STATE AND LOCAL PUBLIC POLICIES THAT WILL BENEFIT OUR MISSION AND THE WORKING FAMILIES THAT OUR PROGRAMS SERVE.Expenses $522,038
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 31-1719434
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2000
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $257,311,734
- Income (IRS master file)
- $72,756,162
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $71,138,134 | $58,689,618 | $257,311,734 | IRS |
| 990 | June 2024 | $44,456,188 | $55,470,785 | $217,343,540 | XML |
| 990 | June 2023 | $50,501,448 | $51,481,991 | $228,764,404 | XML |
| 990 | June 2022 | $58,948,332 | $36,949,147 | $197,674,592 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-1719434).
Questions about ACCION OPPORTUNITY FUND COMMUNITY DEVELOPMENT
- What is the EIN of ACCION OPPORTUNITY FUND COMMUNITY DEVELOPMENT?
- The employer identification number (EIN) of ACCION OPPORTUNITY FUND COMMUNITY DEVELOPMENT is 31-1719434.
- Is ACCION OPPORTUNITY FUND COMMUNITY DEVELOPMENT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to ACCION OPPORTUNITY FUND COMMUNITY DEVELOPMENT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ACCION OPPORTUNITY FUND COMMUNITY DEVELOPMENT file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ACCION OPPORTUNITY FUND COMMUNITY DEVELOPMENT due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ACCION OPPORTUNITY FUND COMMUNITY DEVELOPMENT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ACCION OPPORTUNITY FUND COMMUNITY DEVELOPMENT?
- The 990 for the year ended June 30, 2025 names DAVID COULTAS.
- Who are the officers and directors of ACCION OPPORTUNITY FUND COMMUNITY DEVELOPMENT?
- The 990 for the year ended June 30, 2025 lists 35 people; 16 received compensation from the organization, the highest $598,419 (WILLIAMS WATSON, NATIONAL SALES MANAGER).
- How much revenue does ACCION OPPORTUNITY FUND COMMUNITY DEVELOPMENT have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $71,138,134, expenses of $58,689,618 and total assets of $257,311,734 at year end.
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