Nonprofit · EIN 38-2784136
OPPORTUNITY RESOURCE FUND
Tax-exempt · LANSING, MI 48912
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $3,774,089 | $3,490,612 | $283,477 | $31,672,524 | $21,998,569 | $9,673,955 |
| December 31, 2024 | 990 | $3,254,579 | $3,111,936 | $142,643 | $30,573,077 | $21,190,481 | $9,382,596 |
| December 31, 2023 | 990 | $3,996,660 | $2,957,387 | $1,039,273 | $27,951,331 | $18,717,214 | $9,234,117 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,810,131
- of which government grants
- $45,000
- Program service revenue
- $1,700,994
- Investment income
- $262,964
- Net gain from sales of assets
- $223,082
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $151,953
- Compensation of officers, directors and key employees
- $536,557
- Other salaries and wages
- $1,104,216
- Salaries, compensation and benefits (total)
- $2,014,026
- Professional fundraising fees
- $0
- Legal fees
- $36,858
- Accounting fees
- $52,605
- Occupancy
- $69,717
- Travel
- $2,734
- Depreciation
- $879
- Program services (functional)
- $2,671,102
- Management and general (functional)
- $630,846
- Fundraising (functional)
- $188,664
Balance sheet and other
- Total assets, start of year
- $30,573,077
- Total assets, end of year
- $31,672,524
- Total liabilities, end of year
- $21,998,569
- Net assets, end of year
- $9,673,955
- Land, buildings and equipment
- $578
- Net assets without donor restrictions
- $6,798,657
- Net assets with donor restrictions
- $2,875,298
- Gross receipts
- $3,892,336
- Employees
- 18
- Volunteers
- 8
- Year formed
- 1985
- State of legal domicile
- MI
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Kevin Fitzgerald | VP of Finance/CFO Officer | 40 | $200,776 | $1,038 |
| Byna Elliott | President/CEO Officer | 40 | $162,894 | $1,000 |
| Christine Narayanan | President/CEO (Ended 5/19/25) Officer | 40 | $161,926 | $538 |
| Marcus Rankin | COO Highest-paid employee | 40 | $152,314 | $1,000 |
| Charles Turner | Director of Single Family Highest-paid employee | 40 | $106,380 | $12,501 |
| Brett Oumedian | Trustee Trustee or director | 2 | $0 | $0 |
| Curtis Smith | Trustee Trustee or director | 2 | $0 | $0 |
| Raymond Henney | Trustee Trustee or director | 2 | $0 | $0 |
| Omar Cuevas | Trustee Trustee or director | 2 | $0 | $0 |
| Carol Tarnowsky | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Thomas Johnson | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Joseph Heaphy | Vice-Chair Trustee or director, Officer | 2 | $0 | $0 |
| Sheilah P Clay | Board Chair Trustee or director, Officer | 4 | $0 | $0 |
990 for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Christine Narayanan | President/CEO Officer | 40 | $241,041 | $1,460 |
| Kevin Fitzgerald | VP of Finance/CFO Officer | 40 | $188,339 | $1,460 |
| CHARLES TURNER | Director of Single Family Lending Highest-paid employee | 40 | $102,062 | $13,252 |
| Joseph Heaphy | Trustee Trustee or director | 2 | $0 | $0 |
| Omar Cuevas | Trustee Trustee or director | 2 | $0 | $0 |
| Anika Goss | Trustee Trustee or director | 2 | $0 | $0 |
| Curtis Smith | Trustee Trustee or director | 2 | $0 | $0 |
| Raymond Henney | Trustee Trustee or director | 2 | $0 | $0 |
| Tarik Bazzy | Trustee Trustee or director | 2 | $0 | $0 |
| Carol Tarnowsky | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Sonali Allen | Secretary (ended 8/24) Trustee or director, Officer | 2 | $0 | $0 |
| Thomas Johnson | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Sheilah P Clay | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Marc Craig | Board Chair Trustee or director, Officer | 4 | $0 | $0 |
| Robert Hunt | Immediate Past Chair Trustee or director, Officer | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Christine Coady Narayanan | President/CEO Officer | 40 | $202,770 | $1,000 |
| Kevin Fitzgerald | VP of Finance/CFO Officer | 40 | $175,353 | $1,000 |
| Marc Craig | Board Chair Trustee or director, Officer | 4 | $0 | $0 |
| Sheilah P Clay | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Thomas Johnson | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Sonali Allen | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Tarik Bazzy | Trustee Trustee or director | 2 | $0 | $0 |
| Raymond Henney | Trustee Trustee or director | 2 | $0 | $0 |
| Curtis Smith | Trustee Trustee or director | 2 | $0 | $0 |
| Robert Hunt | Trustee Trustee or director | 2 | $0 | $0 |
| Anika Goss | Trustee Trustee or director | 2 | $0 | $0 |
| Carol Tarnowsky | Trustee Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 330 MARSHALL ST STE 105, LANSING, MI 48912-2317
- Principal officer (990 for 2025)
- Byna Elliott, 330 Marshall Street 105, Lansing, MI 48912
- Signed the 990
- Byna Elliott, President/CEO
- Phone
- (517) 372-6001
- Website
- www.oppfund.org
- Return prepared by
- Maner Costerisan PC
Mission
Opportunity Resource Fund (OppFund) promotes affordable housing, small business ownership, single family mortgages, strong communities, and fosters social and economic justice by providing loans and development services throughout the state of Michigan. By making funds available to those denied access to traditional capital, OppFund is breaking the cycle of poverty and assisting in the revitalization of Michigan neighborhoods and communities. Pre and post loan closing development services are a provision of services offered to individuals, nonprofits, and business owners.OppFund is a certified community development financial institution and functions as a revolving loan fund. It accepts socially motivated investments from individuals, not for profit organizations and banks with interest rates ranging generally from zero to three percent. These investment dollars are pooled to provide loans at affordable rates for real estate development, small business and homeownership loans.
Program accomplishments
- Opportunity Resource Fund (OppFund) has a nearly 40-year legacy of delivering mission-driven capital across Michigan. Since 1985, OppFund has built a reputation as a reliable, flexible, and community-focused lender and development services provider. Our long-standing partnerships with local governments, nonprofits, and financial institutions support high-impact investments across urban and rural communities.As of year-end 2025, OppFund has deployed over $129 million in loan capital. This includes 431 real estate development projects, 240 small business loans, 11 consumer loans, and 554 homeownership loans. These investments have leveraged more than $284 million from public and private sources, resulting in the creation or preservation of 3,315 units of affordable housing, 830 new or improved housing units primarily serving low- and moderate-income households. Also, OppFund launched the Homeownership Relief Fund in 2025 which helps families bring mortgages current, avoid displacement, and regain financial footing. Since its launch it has benefited over 29 families.OppFund helps individuals, families, and small businesses across the state access the capital they need to improve their quality of life and strengthen Michigan's communities. Guided by a Board-approved Strategic Plan, OppFund is focused on expanding access to affordable housing, increasing homeownership, and supporting business development that contributes to economic growth. In 2025, the organization continued to grow its service delivery model, which includes technical assistance, lending readiness support, and follow-up services through a "CampusWithout Walls" framework. This approach ensures that borrowers are equipped with the tools and guidance necessary for long-term success.Expenses $2,671,102 · grants $151,953 · revenue $1,700,994
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 38-2784136
- 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
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P80)
- Assets (IRS master file)
- $31,672,524
- Income (IRS master file)
- $3,892,336
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $3,774,089 | $3,490,612 | $31,672,524 | XML |
| 990 | December 2024 | $3,254,579 | $3,111,936 | $30,573,077 | XML |
| 990 | December 2023 | $3,996,660 | $2,957,387 | $27,951,331 | XML |
| 990 | December 2022 | $4,959,860 | $2,498,380 | $26,919,241 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 38-2784136).
Questions about OPPORTUNITY RESOURCE FUND
- What is the EIN of OPPORTUNITY RESOURCE FUND?
- The employer identification number (EIN) of OPPORTUNITY RESOURCE FUND is 38-2784136.
- Is OPPORTUNITY RESOURCE FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to OPPORTUNITY RESOURCE FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OPPORTUNITY RESOURCE FUND 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 OPPORTUNITY RESOURCE FUND due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OPPORTUNITY RESOURCE FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of OPPORTUNITY RESOURCE FUND?
- The 990 for the year ended December 31, 2025 names Byna Elliott.
- Who are the officers and directors of OPPORTUNITY RESOURCE FUND?
- The 990 for the year ended December 31, 2025 lists 13 people; 5 received compensation from the organization, the highest $200,776 (Kevin Fitzgerald, VP of Finance/CFO).
- How much revenue does OPPORTUNITY RESOURCE FUND have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $3,774,089, expenses of $3,490,612 and total assets of $31,672,524 at year end.
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- DISABILITY RIGHTS MICHIGAN EIN 38-2372756 · last filed 990 for 2025
- MOORE APARTMENT NON-PROFIT HOUSING EIN 38-2371545 · last filed 990 for 2025
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- MICHIGAN ORGANIZATION ON ADOLESCENT SEXUAL HEALTH EIN 26-3566862 · last filed 990 for 2025
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