Nonprofit · EIN 83-2134053
OPPORTUNITY ALABAMA INC
Tax-exempt · BIRMINGHAM, AL 35203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,099,434 | $1,737,886 | $361,548 | $3,198,547 | $1,159,270 | $2,039,277 |
| December 31, 2023 | 990 | $2,446,603 | $1,372,296 | $1,074,307 | $2,297,424 | $878,322 | $1,419,102 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,024,253
- of which government grants
- $789,390
- Program service revenue
- $4,661
- Investment income
- $70,520
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $124,515
- Compensation of officers, directors and key employees
- $100,587
- Other salaries and wages
- $917,553
- Salaries, compensation and benefits (total)
- $1,071,293
- Professional fundraising fees
- $0
- Legal fees
- $4,518
- Accounting fees
- $45,641
- Travel
- $9,095
- Program services (functional)
- $1,589,886
- Management and general (functional)
- $148,000
Balance sheet and other
- Total assets, start of year
- $2,297,424
- Total assets, end of year
- $3,198,547
- Total liabilities, end of year
- $1,159,270
- Net assets, end of year
- $2,039,277
- Net assets without donor restrictions
- $573,461
- Net assets with donor restrictions
- $1,465,816
- Gross receipts
- $2,099,434
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2018
- State of legal domicile
- AL
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ALEXANDER FLACHSBART | PRESIDENT Officer | 25.14 | $0 | $183,333 | $7,333 |
| GREG BARKER | CHAIR Trustee or director, Officer | 3 | $0 | $0 | $0 |
| TONY SMOKE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| WENDI BOYEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LARRY LEWIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MYLA CALHOUN | DIRECTOR (THROUGH 11/01/2024) Trustee or director | 1 | $0 | $0 | $0 |
| ANOOP MISHRA | DIRECTOR (THROUGH 05/01/2024) Trustee or director | 1 | $0 | $0 | $0 |
| DAN RUTH | SECRETARY Officer | 3 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MYLA CALHOUN | DIRECTOR Trustee or director | 1 | $0 |
| ANOOP MISHRA | DIRECTOR Trustee or director | 1 | $0 |
| GREG BARKER | CHAIR Trustee or director, Officer | 3 | $0 |
| JAMES OUTLAND | DIRECTOR Trustee or director | 1 | $0 |
| TONY SMOKE | DIRECTOR Trustee or director | 1 | $0 |
| WENDI BOYEN | DIRECTOR Trustee or director | 1 | $0 |
| ALEXANDER FLACHSBART | PRESIDENT Officer | 50 | $0 |
| DAN RUTH | SECRETARY Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 1914 THIRD AVE N C-1, BIRMINGHAM, AL 35203-3536
- In care of
- % ALEX FLACHSBART
- Mailing address (990-N for 2018)
- 1900 6th Avenue North Suite 1500, Birmingham AL 35203
- Principal officer (990 for 2024)
- ALEXANDER FLACHSBART, 1914 THIRD AVE N C-1, BIRMINGHAM, AL 35203
- Principal officer (990-N for 2018)
- Alexander Flachsbart, 1900 6th Avenue North Suite 1500, Birmingham AL 35203
- Signed the 990
- ALEXANDER FLACHSBART, PRESIDENT
- Phone
- (334) 425-4166
- Website
- www.opportunityalabama.com
- Return prepared by
- WARREN AVERETT LLC
Mission
FOUNDED IN 2018, OPPORTUNITY ALABAMA (OPAL) IS AN ECONOMIC DEVELOPMENT ORGANIZATION COMMITTED TO CREATING A NATIONAL MODEL OF SUSTAINABLE ECONOMIC DEVELOPMENT THROUGH COMMUNITY-LED, PLACE-BASED INVESTMENTS. WE HELP UNDERSERVED COMMUNITIES LEVERAGE DIVERSE FUNDING SOURCES FOR PROJECTS AND INITIATIVES THAT IMPROVE QUALITY OF PLACE AND ENHANCE THE BUILT ENVIRONMENT. MOST OF THAT WORK INVOLVES CLOSING ACCESS TO CAPITAL GAPS IN LOW-INCOME COMMUNITIES, IN ECONOMICALLY DISTRESSED COMMUNITIES, AND/OR WITHIN DISADVANTAGED POPULATIONS (INCLUDING, BUT NOT LIMITED TO, MINORITY- AND WOMEN-OWNED BUSINESSES, RESIDENTS OF LOW-INCOME AREAS, ETC.). THROUGH THAT WORK, WE REMEDIATE BLIGHT, IMPROVE GENERAL ECONOMIC AND SOCIETAL CONDITIONS, COMBAT COMMUNITY DETERIORATION, AND/OR PRESERVE THE TRADITIONS, ARCHITECTURE, AND APPEARANCE OF THE COMMUNITIES WE SERVE.
Program accomplishments
- OPAL HAS BUILT AN INFRASTRUCTURE TO RAISE AND INVEST PRIVATE FUNDS INTO THE PIPELINE OF INVESTMENT OPPORTUNITIES WE IDENTIFY. A SUBSTANTIAL AMOUNT OF THIS WORK IS UNDERTAKEN BY OUR WHOLLY-OWNED SUBSIDIARY, OPAL INVESTMENTS (AN ALABAMA BENEFIT CORPORATION). THE REST IS UNDERTAKEN BY OPAL COMMUNITY CAPITAL, A FLEXIBLE SOURCE OF CAPITAL CRITICAL TO ENSURING THAT THE DEALS THAT COME THROUGH PDAP ULTIMATELY HAVE A COMPLETE CAPITAL STACK. OCC'S PRIMARY MISSION IS TO PROVIDE LOAN AND OTHER INVESTMENT PRODUCTS FOR REAL ESTATE AND BUSINESSES IN ORDER TO PROMOTE ECONOMIC DEVELOPMENT AND CLOSE ACCESS TO CAPITAL GAPS IN LOW-INCOME COMMUNITIES, IN ECONOMICALLY DISTRESSED COMMUNITIES, AND/OR WITHIN DISADVANTAGED POPULATIONS (INCLUDING, BUT NOT LIMITED TO, MINORITY- AND WOMEN-OWNED BUSINESSES, RESIDENTS OF LOW-INCOME AREAS, ETC.). WE HAVE APPLIED TO HAVE OCC RECOGNIZED AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION BY THE US DEPT OF TREASURY. DURING 2024, WE DEPLOYED OVER $800K IN NEW INVESTMENT TO FOUR PROJECTS ACROSS ALABAMA, ALL LOCATED IN LOW-INCOME COMMUNITIES; BORROWERS INCLUDED A COMMUNITY-BASED NONPROFIT, A WOMAN-OWNED BUSINESS, AND A MINORITY-OWNED DEVELOPMENT TEAM, WORKING ON PROJECTS THAT WOULD CREATE NEW COMMERCIAL SPACE, NEW JOBS, NEW HOUSING UNITS, AND MORE.Expenses $953,932 · grants $74,709
- OUR SECOND LARGEST PROGRAMMATIC ACTIVITY DURING 2024 WAS OUR PROPERTY DEVELOPMENT ASSISTANCE PROGRAM (PDAP) WHICH HELPS PROPERTY OWNERS AND EMERGING DEVELOPERS IN UNDERSERVED MARKETS TAKE A COMMUNITY-SUPPORTED PROJECT FROM CONCEPT TO CONSTRUCTION. WE HELP PROJECT TEAMS NAVIGATE PRE-DEVELOPMENT PLANNING, BUDGETING, MARKET ANALYSIS, PRO FORMA CREATION. WE THEN HELP PROJECTS SECURE ALL THE INCENTIVES POSSIBLE TO ENHANCE THEIR ABILITY TO RECEIVE INVESTMENT AND BREAK GROUND. THROUGH PDAP, WE ARE BUILDING A PIPELINE OF PROJECTS THAT ARE BRINGING VACANT BUILDINGS BACK INTO SERVICE AND SUPPORTING MEANINGFUL NEW CONSTRUCTION WHILE SUPPORTING LOCAL BUSINESSES, CREATING AND IMPROVING HOUSING, SUPPORTING REUSE AND/OR REDIRECTION OF DOWNTOWN AREAS AND CENTRAL BUSINESS DISTRICTS, AND MORE. DURING 2024, WE ASSISTED 16 DIFFERENT PROJECTS IN LOW-INCOME OR UNDERSERVED COMMUNITIES ACROSS ALABAMA WITH OUR FULL SUITE OF PDAP PROGRAMMING. THESE PROJECTS WILL PROVIDE EVERYTHING FROM COMMUNITY ART SPACE AND NEW RETAIL TO BOUTIQUE HOTELS AND CRITICALLY-NEEDED HOUSING.Expenses $635,954 · grants $49,806 · revenue $4,661
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 | Not 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
- 83-2134053
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S12)
- Assets (IRS master file)
- $3,198,547
- Income (IRS master file)
- $2,099,434
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,099,434 | $1,737,886 | $3,198,547 | IRS |
| 990 | December 2023 | $2,446,603 | $1,372,296 | $2,297,424 | XML |
| 990 | December 2022 | $1,234,598 | $1,171,756 | $635,418 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2018 Officer: Alexander Flachsbart | December 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
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 83-2134053).
Questions about OPPORTUNITY ALABAMA INC
- What is the EIN of OPPORTUNITY ALABAMA INC?
- The employer identification number (EIN) of OPPORTUNITY ALABAMA INC is 83-2134053.
- Is OPPORTUNITY ALABAMA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to OPPORTUNITY ALABAMA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OPPORTUNITY ALABAMA INC 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 ALABAMA INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OPPORTUNITY ALABAMA INC 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 ALABAMA INC?
- The 990 for the year ended December 31, 2024 names ALEXANDER FLACHSBART.
- Who are the officers and directors of OPPORTUNITY ALABAMA INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does OPPORTUNITY ALABAMA INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,099,434, expenses of $1,737,886 and total assets of $3,198,547 at year end.
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