2024-10-14T22:33:10-05:00 2023-12-31 132781641 MITCHELL & TITUS LLP 80 PINE STREET NEW YORK NY 10005 990 2023-01-01 205189202 OPPORTUNITY FINANCE NETWORK OPPO 2153204317 123 S BROAD STREET SUITE 1930 PHILADELPHIA PA 19109 BHUMIP PATEL SVP ACCOUNTING & FINANCE 2153204317 2024-10-14 1 0 FREDERICK E DAVIS JR P00446023 2157654600 2023 2024-10-15 13:58:12Z BHUMIP PATEL 123 S BROAD STREET SUITE 1930 PHILADELPHIA PA 19109 25865303 0 X WWW.OFN.ORG X 2006 PA OPPORTUNITY FINANCE NETWORK'S (OFN) MISSION IS TO LEAD COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) AND THEIR PARTNERS TO ENSURE THAT LOW-INCOME, LOW-WEALTH, AND OTHER DISINVESTED PEOPLE AND COMMUNITIES HAVE ACCESS TO AFFORDABLE, RESPONSIBLE FINANCIAL PRODUCTS AND SERVICES. OFN IS A NATIONAL LEADERSHIP NETWORK OF MORE THAN 400 CDFIS, INCLUDING COMMUNITY BANKS, CREDIT UNIONS, AND LOAN FUNDS. OFN, THROUGH ITS MEMBERS, INVEST IN LOW-INCOME AND UNDERSERVED RURAL, URBAN, AND NATIVE AMERICAN COMMUNITIES ACROSS ALL 50 STATES IN AMERICA; PROVIDING AFFORDABLE, RESPONSIBLE CREDIT THAT FINANCES COMMUNITY BUSINESSES, SPARKS JOB GROWTH IN THE AREAS THAT NEED IT MOST, AND DELIVERING BOTH SOUND FINANCIAL RETURNS AND REAL CHANGES FOR PEOPLE AND COMMUNITIES. OFN'S PROGRAM AND SERVICES INCLUDES PROVIDING FINANCIAL PRODUCTS AND SERVICES FOR CDFIS, INCREASING THE STRENGTH AND CAPACITY OF THE CDFI INDUSTRY, AS WELL AS AMPLIFYING THE VOICE OF THE INDUSTRY. 12 12 59 12 0 0 63110366 7042460 11902140 12841534 1035933 3173095 0 1914230 76048439 24971319 21400000 15225000 0 0 5744402 7153891 0 0 520367 9373203 8854370 36517605 31233261 39530834 -6261942 294224646 313600163 154676168 180110817 139548478 133489346 OFN'S MISSION IS TO LEAD CDFIS AND THEIR PARTNERS TO ENSURE THAT LOW-INCOME, LOW-WEALTH, AND OTHER DIVESTED PEOPLE AND COMMUNITIES HAVE ACCESS TO AFFORDABLE, RESPONSIBLE FINANCIAL PRODUCTS AND SERVICES. 0 0 20775291 15075000 8712052 FINANCIAL SERVICES: EXPANDING ACCESS TO RESPONSIBLE, AFFORDABLE CAPITAL.FINANCIAL SERVICES INCLUDES THE FOLLOWING ACTIVITIES WHICH BENEFIT LOW-INCOME AND LOW-WEALTH COMMUNITIES THROUGHOUT THE U.S: OFN'S FINANCING FUND (ON BALANCE-SHEET LENDING AND INVESTING TO CDFIS); FUND MANAGEMENT SERVICES (FEE-BASED BUSINESS PROVIDING CDFI FUND MANAGEMENT AND ASSET MANAGEMENT SERVICES TO THIRD PARTY INVESTORS); NEW MARKETS TAX CREDIT ACTIVITY; AND CDFI BOND GUARANTEE PROGRAM BOND ISSUANCE AND ADMINISTRATIVE SERVICES. 5976312 150000 4129482 STRENGTH: BUILDING POTENTIAL FOR IMPACT.OFN STRENGTHENS THE CDFI INDUSTRY BY PROVIDING PEER LEARNING OPPORTUNITIES, RESEARCH, INNOVATIVE NETWORKING PLATFORMS, AND SIGNATURE ANNUAL EVENTS (E.G. THE OFN CONFERENCE AND SMALL BUSINESS FINANCE FORUM) FOR CDFI PRACTITIONERS, PARTNERS, AND INVESTORS. 2098281 0 0 VOICE: AMPLIFYING THE CDFI MESSAGE AND SECURING STAKEHOLDER SUPPORT.ACROSS MULTIPLE PLATFORMS AND AUDIENCES, OFN'S STRATEGIC COMMUNICATIONS AND POLICY ADVOCACY DRIVE THE MESSAGE THAT CDFI INVESTMENTS TRANSFORM COMMUNITIES AND CHANGE LIVES-AND INCREASES RESOURCES TO CDFIS. 28849884 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 34 0 1 59 1 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA AK AL AR AZ CA CO CT DC FL GA HI IL KS KY MA MD ME MI MS MN MO NC ND NJ NH NM NV NY OH OK OR RI SC TN UT VA WA WI WV X LAURIE CURRAN 2153204317 123 S BROAD STREET SUITE 1930 PHILADELPHIA PA 19109 DONNA GAMBRELL BOARD CHAIR 2.00 X X 0 0 0 BETSY BIEMANN BOARD VICE CHAIR 2.00 X X 0 0 0 ROBERT VILLARREAL BOARD TREASURER 2.00 X X 0 0 0 DAVID BECK BOARD MEMBER 2.00 X 0 0 0 AISHA BENSON BOARD MEMBER 2.00 X 0 0 0 MARLA BILONICK BOARD MEMBER 2.00 X 0 0 0 MARTINA EDWARDS BOARD MEMBER (SINCE 10/23) 2.00 X 0 0 0 ELENA GONZALES BOARD MEMBER 2.00 X 0 0 0 HENRY JIMENEZ BOARD MEMBER 2.00 X 0 0 0 TED PICCOLO BOARD MEMBER 2.00 X 0 0 0 SARA RAZAVI BOARD MEMBER 2.00 X 0 0 0 CHRISTINA TRAVERS BOARD MEMBER 2.00 X 0 0 0 HAROLD PETTIGREW PRESIDENT & CEO (SINCE 06/23) 40.00 X X 250939 0 936 BETH LIPSON EVP, CHIEF FINANCIAL OFFICER 40.00 X 298249 0 3922 AMBER KUCHAR BELL EVP, CHIEF STRATEGY & OPERATIONS OFFICER 40.00 X 263591 0 26742 SHAKEYDA DANIELS SENIOR VP, FINANCIAL SERVICES 40.00 X 182077 0 10369 BHUMIP PATEL SENIOR VP, ACCOUNTING & FINANCE 40.00 X 190365 0 4003 DAFINA WILLIAMS EVP, CHIEF EXTERNAL AFFAIRS OFFICER 40.00 X 233976 0 16124 MARY WRIGHT SENIOR VP, FINANCIAL SERVICES 40.00 X 201387 0 4209 SETH JULYAN EVP, CHIEF NETWORK OFFICER 40.00 X 221347 0 22700 ADRIENNE SMITH SENIOR VP, RESEARCH 40.00 X 175355 0 3547 LISA CHENSVOLD SENIOR VP, STRATEGIC COMMUNICATIONS 40.00 X 168820 0 11866 TAMARA FRYE SENIOR VP, HUMAN RESOURCES 40.00 X 160328 0 3047 SINDHU LAKSHMANAN SENIOR VP, DEVELOPMENT SERVICES 40.00 X 157382 0 8860 KHALID SARWARY SENIOR INVESTMENT OFFICER 40.00 X 135539 0 28182 JENNIFER VASILOFF EVP, CHIEF EXTERNAL AFFAIRS OFFICER (UNTIL 10/23) 40.00 X 214109 0 4090 ANDREA LONGTON SENIOR VP, DEVELOPMENT & CAPITALIZATION (UNTIL 08/ 40.00 X 119185 0 2864 2972649 0 151461 25 1 1 0 ALL AROUND CREATIVE 105 ATSION ROAD SUITE J MEDFORD NJ 08055 MARKETING SERVICES 237848 FAEGRE DRINKER BIDDLE & REATH LLP ONE LOGAN SQUARE SUITE 2000 PHILADELPHIA PA 19103 LEGAL SERVICES 191638 AUGUST LEADERSHIP LLC 275 MADISON AVE SUITE 1500 NEW YORK NY 10016 RECRUITING SERVICES 144784 FORSYTH STREET ADVISORS LLC 588 BROADWAY SUITE 1208 NEW YORK NY 10012 ADVISORY SERVICES 111917 MITCHELL TITUS 80 PINE STREET SUITE 3220 NEW YORK NY 10005 AUDIT AND TAX SERVICES 106698 5 926626 3640000 2475834 7042460 INTEREST ON LOANS 525990 6022035 6022035 OTHER FEES 900099 2769984 2769984 SPONSORSHIP INCOME 900099 2152167 2152167 TRAINING EVENTS 900099 1897348 1897348 12841534 4067079 4067079 893984 -893984 -893984 -893984 LOAN LOSS RESERVE 999999 1900620 1900620 REVERSAL OF LOSS ON DISPOSAL OF L 999999 13610 13610 1914230 24971319 14755764 0 3173095 15225000 15225000 1916006 1418486 377244 120276 4327132 3301105 834409 191618 479522 357292 92116 30114 431231 321310 82840 27081 114815 114815 219907 209882 7555 2470 135252 100776 25982 8494 1050040 1049996 44 90400 57806 28588 4006 663326 563509 82297 17520 702740 523612 134996 44132 2653258 2562256 60234 30768 275166 248205 21117 5844 1963372 1963372 163286 121665 31367 10254 84782 63171 16287 5324 STAFF DEVELOPMENT 225433 167970 43306 14157 MEMBERSHIP 184516 183679 438 399 MISC EXPENSES 146885 137792 6851 2242 EQUIPMENT 68115 50752 13085 4278 113077 107433 4254 1390 31233261 28849884 1863010 520367 63584438 31484326 3175000 645381 1100201 179544269 214498137 240522 380703 2318361 1576101 732707 742260 29245310 46032426 17057019 19362110 294224646 313600163 1046735 2595783 1468706 80895 122370000 150120000 29790727 27314139 154676168 180110817 X 91533037 106548735 48015441 26940611 139548478 133489346 294224646 313600163 -6261942 202810 0 X 0 1 X 1 1 1 X 7614604 21794850 21745924 23110366 7042460 81308204 8729250 8745438 8858742 11902140 12841534 51077104 16343854 30540288 30604666 35012506 19883994 132385308 1151086 17356230 17045636 17065000 645559 53263511 0 1151086 17356230 17045636 17065000 645559 53263511 79121797 111761 128669 137904 1039153 4067079 5484566 111761 128669 137904 1039153 4067079 5484566 1914230 1914230 16455615 30668957 30742570 36051659 25865303 139784104 0.56600 0.57190 0.03920 0.01210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3300 47917 51217 31182044 31233261 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 39586 15632 40383 51217 146818 250000 250000 250000 250000 1000000 1500000 3150 2800 2000 3300 11250 SCHEDULE C, PART IV OFN CONDUCTS PERMITTED LOBBYING ACTIVITIES AND WORKED IN THE FOLLOWING PRIMARY AREAS IN 2023: FINANCIAL SERVICES, SMALL BUSINESS, CDFI FUND, HOUSING AND NEW MARKETS TAX CREDIT. 799372 301089 498283 1004382 932092 72290 514607 342920 171687 742260 CDFI AND OTHER INVESTMENTS 16251736 RIGHT OF USE ASSETS 3110374 19362110 LOANS PAYABLE 21666667 FUNDS HELD FOR THIRD PARTY 1204500 OPERATING LEASE LIABILITY 4442972 27314139 X PART X, LINE 2: INCOME TAXES: THE ORGANIZATION IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE ORGANIZATION QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTIONS AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. INCOME WHICH IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. THE ORGANIZATION HAD NO SIGNIFICANT NET UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT OF THE FINANCIAL STATEMENTS. CONSEQUENTLY, NO ACCRUAL FOR INTEREST AND PENALTIES WAS DEEMED NECESSARY FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. THE ORGANIZATION FILES TAX RETURNS IN THE U.S. FEDERAL AND STATE JURISDICTIONS. GENERALLY, THE ORGANIZATION IS NO LONGER SUBJECT TO TAX EXAMINATION BY THE U.S. FEDERAL OR STATE TAX AUTHORITIES FOR YEARS BEFORE 2020. 1 ACCESS TO CAPITAL FOR ENTREPRENEURS 3173 HWY 129 NORTH CLEVELAND GA 30528 582383669 501C3 200000 0 FINANCE JUSTICE FUND SUBGRANT AFRICAN DEV CENTER 1931 5TH STREET MINNEAPOLIS MN 55454 200553370 501C3 200000 0 FINANCE JUSTICE FUND SUBGRANT AFRICAN ECONOMIC DEVELOPMENT SOLUTIONS 1821 UNIVERSITY AVENUE SAINT PAUL MN 55104 800345712 501C3 250000 0 FINANCE JUSTICE FUND SUBGRANT AKIPTAN PO BOX 858 EAGLE BUTTE SD 57625 823541909 501C3 500000 0 FINANCE JUSTICE FUND SUBGRANT ANDP LOAN FUND 229 PEACHTREE STREET NE ATLANTA GA 30303 582435590 501C3 100000 0 FINANCE JUSTICE FUND SUBGRANT BALTIMORE COMMUNITY LENDING 875 HOLLINS STREET BALTIMORE MD 21201 521632468 501C3 200000 0 FINANCE JUSTICE FUND SUBGRANT CALIFORNIA FARMLINK 335 SPRECKELS DRIVE APTOS CA 95003 943332630 501C3 75000 0 FINANCE JUSTICE FUND SUBGRANT CAROLINA SMALL BUSINESS DEVELOPMENT FUND 3128 HIGHWOODS BLVD RALEIGH NC 27604 581903219 501C3 100000 0 FINANCE JUSTICE FUND SUBGRANT CBA FUND 1701 K STREET WASHINGTON DC 20006 824272195 501C3 100000 0 FINANCE JUSTICE FUND SUBGRANT CITIZEN POTAWATOMI COMMUNITY DEV CORP 1545 GORDON COOPER DRIVE SHAWNEE OK 74801 730945447 NOT A 501 (C) (3) 7 300000 0 FINANCE JUSTICE FUND SUBGRANT CIVIC COMMUNITY PARTNERS 8989 RIO SAN DIEGO DRIVE SAN DIEGO CA 92108 460660465 501C3 100000 0 FINANCE JUSTICE FUND SUBGRANT CLEVELAND DEVELOPMENT ADVISORS COMMUNITY REINVESTMENT FUND 1240 HURON ROAD EAST CLEVELAND OH 44115 461051875 501C3 250000 0 FINANCE JUSTICE FUND SUBGRANT CLEVELAND DEVELOPMENT ADVISORS COMMUNITY REINVESTMENT FUND 1240 HURON ROAD EAST CLEVELAND OH 44115 461051875 501C3 100000 0 FINANCE JUSTICE FUND SUBGRANT COASTAL ENTERPRISES 30 FEDERAL STREET BRUNSWICK NM 04011 010347504 501C3 500000 0 FINANCE JUSTICE FUND SUBGRANT COMMUNITY FUND OF NORTH MIAMI DADE INC 490 OPA LOCKA BLVD OPA LOCKA FL 33054 592106635 501C3 100000 0 FINANCE JUSTICE FUND SUBGRANT COMMUNITY HEALTH CENTER CAPITAL FUND 40 COURT STREET BOSTON MA 02108 043122535 501C3 200000 0 FINANCE JUSTICE FUND SUBGRANT COMMUNITY LOAN FUND OF THE CAPITAL REGION 255 ORANGE STREET ALBANY NY 12210 222706505 501C3 100000 0 FINANCE JUSTICE FUND SUBGRANT CRAFT3 42 7TH STREET ASTORIA OR 97103 912662698 501C3 500000 0 FINANCE JUSTICE FUND SUBGRANT ECONOMIC & COMMUNITY DEVELOPMENT INSTITUTE INC 1655 OLD LEONARD AVENUE COLUMBUS OH 43219 311145544 501C3 125000 0 FINANCE JUSTICE FUND SUBGRANT ENTREPRENEUR WORKS 400 MARKET STREET PHILADELPHIA PA 19106 232996139 501C3 250000 0 FINANCE JUSTICE FUND SUBGRANT FOODSHED CAPITAL 101 DEVON ROAD CHARLOTTESVILLE VA 22903 833580290 501C3 300000 0 FINANCE JUSTICE FUND SUBGRANT GROWTH PARTNERS ARIZONA 333 N WILMOT ROAD TUSCON AZ 85711 455021995 501C3 250000 0 FINANCE JUSTICE FUND SUBGRANT GROWTH PARTNERS ARIZONA 333 N WILMOT ROAD TUSCON AZ 85711 455021995 501C3 125000 0 FINANCE JUSTICE FUND SUBGRANT HABITAT MORTGAGE SOLUTIONS LLC 284 PEACHTREE AVE ATLANTA GA 30303 320452847 501C3 200000 0 FINANCE JUSTICE FUND SUBGRANT HAWAIIAN LENDING & INVESTMENTS 1481 S KING STREET HONOLULU HI 96814 844259100 501C3 50000 0 NATIVE CDFI CAPITAL SEED GRANT HOUSING ASSISTANCE COUNCIL 1025 VERMONT AVENUE WASHINGTON DC 20005 520939288 501C3 125000 0 FINANCE JUSTICE FUND SUBGRANT INDIAN LAND CAPITAL COMPANY 151 COUNTRY ROAD LITTLE CANADA MN 55117 202744778 501C3 300000 0 FINANCE JUSTICE FUND SUBGRANT LOCAL INTIATIVES SUPPORT CORPORATION 28 LIBERTY STREET 34TH FLOOR NEW YORK NY 10005 133030229 501C3 200000 0 FINANCE JUSTICE FUND SUBGRANT LOW INCOME INVESTMENT FUND 1900 M STREET NW WASHINGTON DC 20036 942952578 501C3 200000 0 FINANCE JUSTICE FUND SUBGRANT MERCY COMMUNITY CAPITAL 1999 BROADWAY - SUITE 1000 DENVER CO 80202 841559406 501C3 150000 0 FINANCE JUSTICE FUND SUBGRANT MIDWEST HOUSING DEVELOPMENT FUND INC 515 N 162ND AVE OMAHA NE 68118 841686593 501C3 100000 0 FINANCE JUSTICE FUND SUBGRANT MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION 119 GRAYSTONE PLAZA DETROIT LAKES MN 56501 410972298 501C3 250000 0 FINANCE JUSTICE FUND SUBGRANT MOFI 229 E MAIN STREET MISSOULA MT 59802 810500256 501C3 250000 0 FINANCE JUSTICE FUND SUBGRANT MOUNTAIN ASSOCIATION 433 CHESTNUT STREET BEREA KY 40403 310900246 501C3 300000 0 FINANCE JUSTICE FUND SUBGRANT NACDC FINANCIAL SERVICES PO BOX 3029 BROWNING MT 59417 273156259 501C3 350000 0 FINANCE JUSTICE FUND SUBGRANT NACDC FINANCIAL SERVICES PO BOX 3029 BROWNING MT 59417 273156259 501C3 150000 0 FINANCE JUSTICE FUND SUBGRANT NACDC FINANCIAL SERVICES PO BOX 3029 BROWNING MT 59417 273156259 501C3 100000 0 2023 NATIVE CATALYST AWARD NATIONAL ASSOCIATION FOR LATINO COMMUNITY ASSET BUILDERS 5404 WURZBACH RD SAN ANTONIO TX 78238 200774672 501C3 300000 0 FINANCE JUSTICE FUND SUBGRANT NEBRASKA ENTERPRISE FUND 330 NORTH OAKLAND AVENUE OAKLAND NE 68045 311543695 501C3 200000 0 FINANCE JUSTICE FUND SUBGRANT NEIGHBORHOOD COMMUNITY DEVELOPMENT FUND 3923 PERRYSVILLE AVENUE PITTSBURGH PA 15212 251855490 501C3 400000 0 FINANCE JUSTICE FUND SUBGRANT NEIGHBORHOOD LENDING PARTNERS OF FLORIDA INC 3615 WEST SPRUCE STREET TAMPA FL 33607 593138324 501C3 100000 0 FINANCE JUSTICE FUND SUBGRANT NEIGHBORWORKS COLUMBUS 345 6TH STREET COLUMBUS GA 31901 582498678 501C3 100000 0 FINANCE JUSTICE FUND SUBGRANT NMSDC BUSINESS CONSORTIUM FUND INC 1345 AVENUE OF THE AMERICAS NEW YORK NY 10105 133407599 501C3 100000 0 FINANCE JUSTICE FUND SUBGRANT NORTHERN GREAT LAKES INITIATIVES 1401 PRESQUE ISLE AVE NMU JACOBETTI MARQUETTE MI 49855 473130767 501C3 50000 0 FINANCE JUSTICE FUND SUBGRANT NORTHWEST NATIVE DEVELOPMENT FUND 504 FIR STREET COULEE DAM WA 99116 264216937 501C3 500000 0 FINANCE JUSTICE FUND SUBGRANT ON THE ROAD LENDING 1500 N LOOP 12 IRVING TX 75061 383910893 501C3 100000 0 FINANCE JUSTICE FUND SUBGRANT PACIFIC COMMUNITY VENTURES 51 FEDERAL STREET SAN FRANCISCO CA 94107 770485877 501C3 50000 0 FINANCE JUSTICE FUND SUBGRANT PACIFIC COMMUNITY VENTURES 51 FEDERAL STREET SAN FRANCISCO CA 94107 770485877 501C3 500000 0 FINANCE JUSTICE FUND SUBGRANT PARTNER COMMUNITY CAPITAL PO BOX 839 CHARLES TOWN WV 25414 542058754 501C3 500000 0 FINANCE JUSTICE FUND SUBGRANT PEOPLE FUND 2921 E 17TH STREET AUSTIN TX 78702 742814572 501C3 250000 0 FINANCE JUSTICE FUND SUBGRANT REDBUD FINANCIAL ALTERNATIVES INC 2871 N MAIN STREET HAZARD KY 41701 472214397 501C3 100000 0 FINANCE JUSTICE FUND SUBGRANT REDF IMPACT INVESTING FUND 785 MARKET STREET SAN FRANCISCO CA 94103 842301234 501C3 300000 0 FINANCE JUSTICE FUND SUBGRANT RENAISSANCE COMM LOAN FUND INC 8917 LORRAINE ROAD GULFPORT MO 39503 208181931 501C3 300000 0 FINANCE JUSTICE FUND SUBGRANT RIVER CITY CAPITAL INVESTMENT CORPORATION 119 S COURT AVE MEMPHIS TN 38103 273941432 501C3 250000 0 FINANCE JUSTICE FUND SUBGRANT SABRE FINANCE 2 20TH STREET NORTH BIRMINGHAM AL 35203 465457673 501C3 300000 0 FINANCE JUSTICE FUND SUBGRANT SELF-HELP VENTURES FUND 301 W MAIN STREET DURHAM NC 27701 581562750 501C3 500000 0 FINANCE JUSTICE FUND SUBGRANT SOLAR ENERGY LOAN FUND 2400 RHODE ISLAND AVE FORT PIERCE FL 34950 273102098 501C3 150000 0 FINANCE JUSTICE FUND SUBGRANT SOLAR ENERGY LOAN FUND 2400 RHODE ISLAND AVE FORT PIERCE FL 34950 273102098 501C3 500000 0 FINANCE JUSTICE FUND SUBGRANT SOUTH CAROLINA COMMUNITY LOAN FUND 1051-A GARDNER ROAD CHARLESTON SC 29407 010793507 501C3 300000 0 FINANCE JUSTICE FUND SUBGRANT SOUTHWEST GEORGIA UNITED EMPOWERMENT 123 S 7TH STREET CORDELE GA 31015 582196032 501C3 75000 0 FINANCE JUSTICE FUND SUBGRANT SPRUCE ROOT ONE SEALASKA PLAZA JUNEAU AK 99801 454295940 501C3 500000 0 FINANCE JUSTICE FUND SUBGRANT TMC COMMUNITY CAPITAL 1720 BROADWAY FLOOR 3 OAKLAND CA 94612 855204018 501C3 50000 0 FINANCE JUSTICE FUND SUBGRANT TRIPLE BOTTOM LINE FOUNDATION 7400 W 14TH AVENUE DENVER CO 80214 841592286 501C3 500000 0 FINANCE JUSTICE FUND SUBGRANT TRUE ACCESS CAPITAL 100 W 10TH STREET WILMINGTON DE 19801 510345258 501C3 300000 0 FINANCE JUSTICE FUND SUBGRANT VITAL HEALTHCARE CAPITAL 85 BROAD STREET NEW YORK NY 10004 454014553 501C3 100000 0 FINANCE JUSTICE FUND SUBGRANT WIND RIVER DEVELOPMENT FUND PO BOX 661 FT WASHAKIE WY 82514 830337192 501C3 125000 0 FINANCE JUSTICE FUND SUBGRANT WORKING WORLD INC DBA SEED COMMONS 228 PARK AVENUE SOUTH NEW YORK NY 100031502 202264584 501C3 75000 0 FINANCE JUSTICE FUND SUBGRANT PART I, LINE 2: OFN MAKES PASS-THROUGH GRANTS TO MEMBER CDFIS FOR CERTAIN OPERATIONAL AND PROGRAMMATIC PURPOSES. OFN ALSO MAKES CERTAIN PASS THROUGH GRANTS TO CDFIS IN CONJUNCTION WITH ITS LENDING TO CDFIS, SUPPORTING CDFIS WORK IN LOW-INCOME AND OTHER DISINVESTED COMMUNITIES. X X 0 0 0 0 0 0 0 1 0 BETH LIPSON EVP, CHIEF FINANCIAL OFFICER 288749 0 9500 0 0 0 0 0 3922 0 302171 0 0 0 AMBER KUCHAR BELL EVP, CHIEF STRATEGY & OPERATIONS OFF 254091 0 9500 0 0 0 0 0 26742 0 290333 0 0 0 HAROLD PETTIGREW PRESIDENT & CEO (SINCE 06/23) 225939 0 25000 0 0 0 0 0 936 0 251875 0 0 0 DAFINA WILLIAMS EVP, CHIEF EXTERNAL AFFAIRS OFFICER 200476 0 33500 0 0 0 0 0 16124 0 250100 0 0 0 SETH JULYAN EVP, CHIEF NETWORK OFFICER 211847 0 9500 0 0 0 0 0 22700 0 244047 0 0 0 JENNIFER VASILOFF EVP, CHIEF EXTERNAL AFFAIRS OFFICER 214109 0 0 0 0 0 0 0 4090 0 218199 0 0 0 MARY WRIGHT SENIOR VP, FINANCIAL SERVICES 194387 0 7000 0 0 0 0 0 4209 0 205596 0 0 0 BHUMIP PATEL SENIOR VP, ACCOUNTING & FINANCE 181865 0 8500 0 0 0 0 0 4003 0 194368 0 0 0 SHAKEYDA DANIELS SENIOR VP, FINANCIAL SERVICES 175077 0 7000 0 0 0 0 0 10369 0 192446 0 0 0 LISA CHENSVOLD SENIOR VP, STRATEGIC COMMUNICATIONS 161320 0 7500 0 0 0 0 0 11866 0 180686 0 0 0 ADRIENNE SMITH SENIOR VP, RESEARCH 168355 0 7000 0 0 0 0 0 3547 0 178902 0 0 0 SINDHU LAKSHMANAN SENIOR VP, DEVELOPMENT SERVICES 148882 0 8500 0 0 0 0 0 8860 0 166242 0 0 0 KHALID SARWARY SENIOR INVESTMENT OFFICER 129539 0 6000 0 0 0 0 0 28182 0 163721 0 0 0 TAMARA FRYE SENIOR VP, HUMAN RESOURCES 152328 0 8000 0 0 0 0 0 3047 0 163375 0 0 0 ANDREA LONGTON SENIOR VP, DEVELOPMENT & CAPITALIZAT 119185 0 0 0 0 0 0 0 2864 0 122049 0 0 0 PART I, LINE 7 THE ORGANIZATION PROVIDED INCENTIVE BONUSES TO SELECT HIGHLY COMPENSATED EMPLOYEES RELATED TO PERFORMANCE. THE CEO RECEIVED A BONUS IN AGREEMENT WITH THEIR EMPLOYMENT CONTRACT. FORM 990, PART VI, SECTION A, LINE 6 PER OFN'S BYLAWS, THERE IS ONE CLASS OF MEMBERSHIP AVAILABLE TO PRIVATE, NON-GOVERNMENTAL, MISSION-DRIVEN FINANCIAL INSTITUTIONS THAT MEET THE QUALIFICATIONS FOR MEMBERSHIP. EACH MEMBER IS ENTITLED TO BE REPRESENTED AT ANY MEETING OF THE MEMBERS BY UP TO TWO DELEGATES, WHO SHALL BE EITHER AN EMPLOYEE OF OR A BOARD MEMBER OF THE MEMBER. THE PRESENCE IN PERSON OF DELEGATES REPRESENTING AT LEAST ONE-THIRD OF THE MEMBERS CONSTITUTES A QUORUM FOR THE TRANSACTION OF BUSINESS. WHEN A QUORUM IS PRESENT AT ANY MEETING, THE MAJORITY OF THE VOTES PRESENT DECIDES ANY QUESTION BROUGHT BEFORE THE MEETING. EACH MEMBER IS ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE OF THE MEMBERS. ALL VOTING, EXCEPT ELECTIONS FOR DIRECTORS WHICH IS BY WRITTEN OR PROXY BALLOT, MAY BE BY VOICE VOTE OR BALLOT. AT LEAST TWO-THIRDS OF THE DIRECTORS ARE ELECTED BY THE MEMBERS. UP TO ONE-THIRD OF THE DIRECTORS ARE APPOINTED BY THE BOARD OF DIRECTORS. NOMINATIONS FOR CANDIDATES FOR DIRECTOR ARE MADE BY A WRITTEN NOTICE TO THE NOMINATING COMMITTEE AND MUST BE ENDORSED BY NOT LESS THAN TWO (2) MEMBERS AND DELIVERED AT LEAST SIXTY (60) DAYS BEFORE THE ELECTION. ALL NOMINATIONS SO MADE BY MEMBERS ARE PRESENTED TO THE MEMBERSHIP FOR CONSIDERATION. NEW BYLAWS MAY BE ADOPTED, OR THE EXISTING BYLAWS MAY BE AMENDED OR REPEALED, BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE VOTES REPRESENTED. VOTING OCCURS BY PROXY OR IN PERSON AT A DULY HELD MEETING OF MEMBERS AT WHICH A QUORUM IS PRESENT. FORM 990, PART VI, SECTION A, LINE 7A PER OFN'S BYLAWS, THERE IS ONE CLASS OF MEMBERSHIP AVAILABLE TO PRIVATE, NON-GOVERNMENTAL, MISSION-DRIVEN FINANCIAL INSTITUTIONS THAT MEET THE QUALIFICATIONS FOR MEMBERSHIP. EACH MEMBER IS ENTITLED TO BE REPRESENTED AT ANY MEETING OF THE MEMBERS BY UP TO TWO DELEGATES, WHO SHALL BE EITHER AN EMPLOYEE OF OR A BOARD MEMBER OF THE MEMBER. THE PRESENCE IN PERSON OF DELEGATES REPRESENTING AT LEAST ONE-THIRD OF THE MEMBERS CONSTITUTES A QUORUM FOR THE TRANSACTION OF BUSINESS. WHEN A QUORUM IS PRESENT AT ANY MEETING, THE MAJORITY OF THE VOTES PRESENT DECIDES ANY QUESTION BROUGHT BEFORE THE MEETING. EACH MEMBER IS ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE OF THE MEMBERS. ALL VOTING, EXCEPT ELECTIONS FOR DIRECTORS WHICH IS BY WRITTEN OR PROXY BALLOT, MAY BE BY VOICE VOTE OR BALLOT. AT LEAST TWO-THIRDS OF THE DIRECTORS ARE ELECTED BY THE MEMBERS. UP TO ONE-THIRD OF THE DIRECTORS ARE APPOINTED BY THE BOARD OF DIRECTORS. NOMINATIONS FOR CANDIDATES FOR DIRECTOR ARE MADE BY A WRITTEN NOTICE TO THE NOMINATING COMMITTEE AND MUST BE ENDORSED BY NOT LESS THAN TWO (2) MEMBERS AND DELIVERED AT LEAST SIXTY (60) DAYS BEFORE THE ELECTION. ALL NOMINATIONS SO MADE BY MEMBERS ARE PRESENTED TO THE MEMBERSHIP FOR CONSIDERATION. NEW BYLAWS MAY BE ADOPTED, OR THE EXISTING BYLAWS MAY BE AMENDED OR REPEALED, BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE VOTES REPRESENTED. VOTING OCCURS BY PROXY OR IN PERSON AT A DULY HELD MEETING OF MEMBERS AT WHICH A QUORUM IS PRESENT. FORM 990, PART VI, SECTION A, LINE 7B PER OFN'S BYLAWS, THERE IS ONE CLASS OF MEMBERSHIP AVAILABLE TO PRIVATE, NON-GOVERNMENTAL, MISSION-DRIVEN FINANCIAL INSTITUTIONS THAT MEET THE QUALIFICATIONS FOR MEMBERSHIP. EACH MEMBER IS ENTITLED TO BE REPRESENTED AT ANY MEETING OF THE MEMBERS BY UP TO TWO DELEGATES, WHO SHALL BE EITHER AN EMPLOYEE OF OR A BOARD MEMBER OF THE MEMBER. THE PRESENCE IN PERSON OF DELEGATES REPRESENTING AT LEAST ONE-THIRD OF THE MEMBERS CONSTITUTES A QUORUM FOR THE TRANSACTION OF BUSINESS. WHEN A QUORUM IS PRESENT AT ANY MEETING, THE MAJORITY OF THE VOTES PRESENT DECIDES ANY QUESTION BROUGHT BEFORE THE MEETING. EACH MEMBER IS ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE OF THE MEMBERS. ALL VOTING, EXCEPT ELECTIONS FOR DIRECTORS WHICH IS BY WRITTEN OR PROXY BALLOT, MAY BE BY VOICE VOTE OR BALLOT. AT LEAST TWO-THIRDS OF THE DIRECTORS ARE ELECTED BY THE MEMBERS. UP TO ONE-THIRD OF THE DIRECTORS ARE APPOINTED BY THE BOARD OF DIRECTORS. NOMINATIONS FOR CANDIDATES FOR DIRECTOR ARE MADE BY A WRITTEN NOTICE TO THE NOMINATING COMMITTEE AND MUST BE ENDORSED BY NOT LESS THAN TWO (2) MEMBERS AND DELIVERED AT LEAST SIXTY (60) DAYS BEFORE THE ELECTION. ALL NOMINATIONS SO MADE BY MEMBERS ARE PRESENTED TO THE MEMBERSHIP FOR CONSIDERATION. NEW BYLAWS MAY BE ADOPTED, OR THE EXISTING BYLAWS MAY BE AMENDED OR REPEALED, BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE VOTES REPRESENTED. VOTING OCCURS BY PROXY OR IN PERSON AT A DULY HELD MEETING OF MEMBERS AT WHICH A QUORUM IS PRESENT. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING THE FORM 990, THE SVP, ACCOUNTING AND FINANCE AND THE VP, ACCOUNTING REVIEW THE FORM FOR ACCURACY AND THEN FORWARD IT TO THE CHIEF FINANCIAL OFFICER AND PRESIDENT & CEO FOR REVIEW. IN ADDITION, THE ORGANIZATION SENDS AN ELECTRONIC COPY OF THE FORM 990 TO ITS BOARD OF DIRECTORS. THIS IS PRIMARILY FOR INFORMATIONAL PURPOSES AND TO ALLOW FOR COMMENTS FROM THE BOARD, BUT DOES NOT REQUIRE ACTION FROM THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE BOARD OF DIRECTORS SIGNS A POTENTIAL CONFLICT OF INTEREST STATEMENT WHICH STATES THAT THEY DO NOT HAVE A POTENTIAL CONFLICT OF INTEREST AS COVERED BY THE OPPORTUNITY FINANCE NETWORK'S CONFLICT OF INTEREST POLICY. IF THE BOARD MEMBER (OR ANY RELATED PARTY) IS INVOLVED IN TRANSACTIONS WITH OFN INCLUDING BUT NOT LIMITED TO LOAN AND GRANT APPLICATIONS TO OFN, AND CONSULTING CONTRACTS WITH OFN, THE BOARD MEMBER DISCLOSES THIS IN A SEPARATE STATEMENT. ALL STAFF ALSO MUST ADHERE TO OFN'S CONFLICT OF INTEREST POLICIES AND REPORT POTENTIAL CONFLICTS FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR THE PRESIDENT & CEO IS GOVERNED BY AN EXECUTIVE EMPLOYMENT AGREEMENT AND DETERMINED THROUGH AN ANNUAL PERFORMANCE REVIEW. OFN'S BOARD CHAIR MANAGES THIS PROCESS BY REVIEWING THE PRESIDENT & CEO'S PERFORMANCE AGAINST SET GOALS. THEY USE A DOCUMENTED PROCESS OF SELF-ASSESSMENT AND PERFORMANCE REVIEW. THESE RESULTS ARE DOCUMENTED FOR THE RECORDS. OFN SENIOR OFFICERS AND ALL KEY EMPLOYEES UNDERGO AN ANNUAL PERFORMANCE MANAGEMENT REVIEW PROCESS, IN WHICH ANNUAL COMPENSATION IS ALSO REVIEWED. OFN UNDERTAKES A REGULAR EXTERNAL MARKET COMPENSATION STUDY FOR ALL KEY STAFF POSITIONS, WHICH SERVES AS A FOUNDATION BENCHMARK FOR DETERMINING APPROPRIATE STAFF COMPENSATION LEVELS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). 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