Nonprofit · EIN 41-1923622
OPPORTUNITY NEIGHBORHOOD
Tax-exempt · ELK RIVER, MN 55330
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $415,039 | $508,670 | -$93,631 | $228,918 | $302 | $228,616 |
| December 31, 2023 | 990 | $582,554 | $644,161 | -$61,607 | $326,005 | $3,758 | $322,247 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $87,749
- of which government grants
- $56,195
- Program service revenue
- $325,452
- Investment income
- $1,826
- Other revenue
- $12
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $75,228
- Other salaries and wages
- $313,138
- Salaries, compensation and benefits (total)
- $417,124
- Professional fundraising fees
- $0
- Accounting fees
- $3,637
- Travel
- $4,257
- Program services (functional)
- $451,459
- Management and general (functional)
- $31,517
- Fundraising (functional)
- $25,694
Balance sheet and other
- Total assets, start of year
- $326,005
- Total assets, end of year
- $228,918
- Total liabilities, end of year
- $302
- Net assets, end of year
- $228,616
- Net assets without donor restrictions
- $228,616
- Gross receipts
- $415,039
- Employees
- 18
- Volunteers
- 37
- Year formed
- 1998
- State of legal domicile
- MN
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PERRY LOFQUIST | EXECUTIVE DIRECTOR Officer | 40 | $73,973 | $250 |
| SUE WILLMAN | SECRETARY Trustee or director, Officer | 1.5 | $0 | $0 |
| KEITH BLUFORD | TREASURER Trustee or director, Officer | 1.5 | $0 | $0 |
| TOM SCHIRBER | BOARD CHAIR Trustee or director, Officer | 3.5 | $0 | $0 |
| KARL SPILSETH | BOARD MEMBER Trustee or director | 2.5 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PERRY LOFQUIST | EXECUTIVE DIRECTOR Officer | 40 | $109,493 | $2,100 |
| SUE WILLMAN | SECRETARY Trustee or director, Officer | 1.5 | $0 | $0 |
| KEITH BLUFORD | TREASURER Trustee or director, Officer | 1.5 | $0 | $0 |
| TOM SCHIRBER | BOARD CHAIR Trustee or director, Officer | 3.5 | $0 | $0 |
| KARL SPILSETH | BOARD MEMBER Trustee or director | 2.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 953, ELK RIVER, MN 55330-0288
- In care of
- % TERRENCE E TROY
- Principal officer (990 for 2024)
- PERRY LOFQUIST, PO BOX 953, ELK RIVER, MN 55330
- Signed the 990
- PERRY LOFQUIST, EXECUTIVE DIRECTOR
- Phone
- (612) 805-1296
- Return prepared by
- MAHONEY ULBRICH CHRISTIANSEN & RUSS PA
Mission
TO SUPPORT THE PEOPLE AND STRENGTHEN NEIGHBORHOODS WITHIN AFFORDABLE HOUSING COMMUNITIES, THROUGH COOPERATIVE PARTNERSHIPS.
Program accomplishments
- 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.Expenses $451,459 · revenue $325,464
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 | Check at the IRS |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1923622
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22)
- Assets (IRS master file)
- $258,267
- Income (IRS master file)
- $486,606
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $415,039 | $508,670 | $228,918 | XML |
| 990 | December 2023 | $582,554 | $644,161 | $326,005 | XML |
| 990 | December 2022 | $590,160 | $654,110 | $388,181 | 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 41-1923622).
Questions about OPPORTUNITY NEIGHBORHOOD
- What is the EIN of OPPORTUNITY NEIGHBORHOOD?
- The employer identification number (EIN) of OPPORTUNITY NEIGHBORHOOD is 41-1923622.
- Is OPPORTUNITY NEIGHBORHOOD tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to OPPORTUNITY NEIGHBORHOOD tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OPPORTUNITY NEIGHBORHOOD 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 NEIGHBORHOOD 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 NEIGHBORHOOD last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of OPPORTUNITY NEIGHBORHOOD?
- The 990 for the year ended December 31, 2024 names PERRY LOFQUIST.
- Who are the officers and directors of OPPORTUNITY NEIGHBORHOOD?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $73,973 (PERRY LOFQUIST, EXECUTIVE DIRECTOR).
- How much revenue does OPPORTUNITY NEIGHBORHOOD have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $415,039, expenses of $508,670 and total assets of $228,918 at year end.
Other nonprofits in ELK RIVER
- PINE CONE MANOR INC EIN 41-1871435 · last filed 990 for 2025
- M25 MINISTRIES EIN 86-3276753 · last filed 990-N for 2025
- 1ST STEP HOUSING CONSULTANT EIN 87-2071128 · last filed 990-N for 2024
- EVANS PARK INC EIN 41-1542976 · last filed 990 for 2025
- GUARDIAN ANGELS HEALTH SERVICES INC EIN 41-0858938 · last filed 990 for 2025
- GUARDIAN ANGELS ELIM HOME CARE INC EIN 41-1852308 · last filed 990 for 2025
- SPECTRUM HIGH SCHOOL EIN 37-1518372 · last filed 990 for 2025
- GUARDIAN ANGELS OF ELK RIVER INC EIN 41-1459252 · last filed 990 for 2025
All nonprofits in ELK RIVER · Minnesota · Housing and shelter