2026-07-02T13:21:52-05:00 2025-12-31 382157642 Maner Costerisan PC 2425 E Grand River Suite 1 Lansing MI 489123291 990 2025-01-01 382784136 Opportunity Resource Fund OPPO 5173726001 330 Marshall Street 105 Lansing MI 48912 Byna Elliott President/CEO 5173726001 2026-06-24 1 Brandy L Mikula CPA P00645694 5173237500 2026-06-25 2025 2025-03-06 01:10:19Z Byna Elliott 330 Marshall Street 105 Lansing MI 48912 3892336 0 X www.oppfund.org X 1985 MI Promotes affordable home and small business ownership to benefit and strengthen MI Communities. 8 8 18 8 0 0 1689782 1810131 1552297 1700994 12500 262964 0 0 3254579 3774089 20150 151953 0 0 1740946 2014026 0 0 188664 1350840 1324633 3111936 3490612 142643 283477 30573077 31672524 21190481 21998569 9382596 9673955 X 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. 0 0 2671102 151953 1700994 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. 2671102 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 457 0 1 18 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MI X Bede Obasi 5173726001 330 Marshall Street 105 Lansing MI 48912 Brett Oumedian Trustee 2.00 X 0 0 0 Curtis Smith Trustee 2.00 X 0 0 0 Raymond Henney Trustee 2.00 X 0 0 0 Omar Cuevas Trustee 2.00 X 0 0 0 Carol Tarnowsky Secretary 2.00 X X 0 0 0 Thomas Johnson Treasurer 2.00 X X 0 0 0 Joseph Heaphy Vice-Chair 2.00 X X 0 0 0 Sheilah P Clay Board Chair 4.00 X X 0 0 0 Christine Narayanan President/CEO (Ended 5/19/25) 40.00 X 161926 0 538 Byna Elliott President/CEO 40.00 X 162894 0 1000 Kevin Fitzgerald VP of Finance/CFO 40.00 X 200776 0 1038 Marcus Rankin COO 40.00 X 152314 0 1000 Charles Turner Director of Single Family 40.00 X 106380 0 12501 784290 0 16077 5 0 1 0 TeQuion Brookins LLC 2055 Gratiot Ave Detroit MI 48207 Event Organizer 118748 1 112553 45000 1652578 1810131 Interest Income - Loan 900099 1345938 1345938 Contractual Services 525990 166236 166236 Loan Origination Fees 525990 143658 143658 Other Income 900099 45162 45162 1700994 39882 39882 223961 879 223082 223082 223082 117368 112553 117368 0 3774089 1700994 0 262964 75747 75747 76206 76206 536557 387394 114823 34340 1104216 797244 236302 70670 14650 10577 3135 938 223897 161654 47914 14329 134706 97258 28827 8621 36858 26611 7888 2359 52605 37981 11257 3367 347938 251211 74459 22268 23209 16757 4967 1485 165061 119173 35324 10564 69717 50336 14919 4462 2734 1974 585 175 94871 35869 45419 13583 453070 453070 879 635 188 56 12641 9127 2705 809 Loan Loss Provision 55082 55082 Miscellaneous 9968 7196 2134 638 3490612 2671102 630846 188664 5739223 6482130 840026 3537835 407260 430629 965338 885968 22367472 20085957 58008 52923 106967 106389 1457 578 194293 196504 30573077 31672524 108836 145714 311064 251331 180093 254264 5000 20224458 21038299 361030 308961 21190481 21998569 X 8782915 6798657 599681 2875298 9382596 9673955 30573077 31672524 283477 7882 0 X 0 1 X 1 0 X 2450102 3952856 2739955 1689782 1810131 12642826 1787971 1002668 1237735 1552297 1700994 7281665 4238073 4955524 3977690 3242079 3511125 19924491 0 0 0 19924491 516 4336 18970 12500 39882 76204 516 4336 18970 12500 39882 76204 4238589 4959860 3996660 3254579 3551007 20000695 0.99620 0.99790 0.00380 0.00210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 10500 10500 10500 10500 10500 10500 10500 10500 10500 10500 1.00000 1 0 62167 61589 578 44800 44800 0 578 Due to Department of Community Health 274020 Operating Lease Liability 34941 308961 X 3899339 7882 117368 125250 3774089 0 3774089 3607980 117368 117368 3490612 0 3490612 Part IV, Line 2b: Opportunity Resource Fund escrows funds for the payment of property taxes and insurance premiums for mortgages held by OppFund. Part V, Line 4: This fund consists of permanently restricted capital invested to provide general operating monies from the investment income. Part X, Line 2: In the preparation of tax returns, tax positions are taken based on interpretation of federal, state, and local income tax laws. Management periodically reviews and evaluates the status of uncertain tax positions and makes estimates of amounts, including interest and penalties, ultimately due or owed. No amounts have been identified, or recorded, as uncertain tax positions. Federal, state, and local tax returns generally remain open for examination by the various taxing authorities for a period of three to four years. Part XI, Line 2d - Other Adjustments: Fundraising Expenses 117,368. Part XII, Line 2d - Other Adjustments: Fundraising Expenses 117,368. 40th Gala 229921 112553 117368 1000 21783 25601 21600 47384 229921 112553 117368 1000 21783 25601 21600 47384 117368 0 1 Bare All LLC 123 Hall St SE Grand Rapids MI 49507 462791965 11187 0 Pass through small business grant from FHLBI Cafe De Miro LLC 3620 Ridgeway Rd SE Grand Rapids MI 49546 824700322 10000 0 Pass through small business grant from FHLBI 2 Grants 3 60000 Mortgage down payment assistance Grants 3 16206 Home owner relief funds to help them catch up on delinquent payments X X X 0 0 0 0 0 0 0 0 0 Kevin Fitzgerald VP of Finance/CFO 200776 0 0 0 0 0 1038 0 0 0 201814 0 0 0 Byna Elliott President/CEO 162894 0 0 0 0 0 1000 0 0 0 163894 0 0 0 Christine Narayanan President/CEO (Ended 5/19/25) 161926 0 0 0 0 0 538 0 0 0 162464 0 0 0 Marcus Rankin COO 152314 0 0 0 0 0 1000 0 0 0 153314 0 0 0 Part I, Line 3 The compensation of the President/CEO is reviewed and approved by independent members of OppFund's Board of Trustees, provided persons with conflicts of interest with respect to the compensation arrangement at issue are not involved in the review and approval. The review and approval of the President/CEO's compensation is made using compensation data for similarly qualified persons in functionally comparable positions at similarly situated organizations. The review and approval process is documented by the Board of Trustees via documentation and recordkeeping with respect to the deliberations and decisions regarding the compensation arrangement. Form 990, Part VI, Section B, line 11b Opportunity Resource Fund's (OppFund) policy is for the Board of Trustees to receive and review the IRS Form 990 filed each year on behalf of OppFund before it is filed with the IRS. The means of delivery may be via hard copy or email, to each board member's mailing address or email address, or via electronic portal. Upon a vote and acceptance by the Board of Trustees, the IRS Form 990 is filed with the IRS. Form 990, Part VI, Section B, line 12c Board of Trustees, officers, and staff members are required to disclose conflicts as they arise. After disclosure of the financial interest and all material facts, and any discussion with the interested person, the interested person will leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members decide if a conflict of interest exists. If a conflict of interest is determined to exist, the governing board or committee will determine the appropriate actions to be taken. Form 990, Part VI, Section B, line 15 The compensation of the person is reviewed and approved by independent members of OppFund's Board of Trustees, provided persons with conflicts of interest with respect to the compensation arrangement at issue are not involved in the review and approval. The review and approval of the person's compensation is made using compensation data for similarly qualified persons in functionally comparable positions at similarly situated organizations. The review and approval process is documented by the Board of Trustees via documentation and recordkeeping with respect to the deliberations and decisions regarding the compensation arrangement. Form 990, Part VI, Section C, line 19 All information is available upon request. Form 990 is also posted annually on Guidestar's website. OppFund is registered to solicit in the State of Michigan and provides Form 990 and audited financial statements to the Michigan Attorney General's Office where it is public information.