2019-08-02T07:21:59-05:00 2018-12-31 420714325 RSM US LLP 30 S 17TH ST SUITE 710 PHILADELPHIA PA 19103 990 2018-01-01 205189202 OPPORTUNITY FINANCE NETWORK OPPO 2159234754 620 CHESTNUT STREET NO 572 PHILADELPHIA PA 19106 BETH LIPSON TREASURER 2159234754 2019-07-25 1 LYNNE JOHNSON P00757336 2157654600 2019-07-25 68.81.135.68 2019-07-25 23:15:27 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 9727B63C825E9C2B1357DAF1EA2AE985339B5D65 2018 2019-02-21 02:37:17Z BETH LIPSON 620 CHESTNUT STREET NO 572 PHILADELPHIA PA 19106 13931948 0 X WWW.OFN.ORG X 2006 PA SEE SCHEDULE O 13 12 45 12 0 11841 1532838 4204443 8378687 8772329 273790 146773 0 0 10185315 13123545 222256 20000 0 0 5176670 4587122 0 0 344126 5696393 5926491 11095319 10533613 -910004 2589932 142561606 142073399 89350815 89143982 53210791 52929417 X SEE SCHEDULE O 0 0 3206730 5029353 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. 4304237 20000 3742976 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. 1402413 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. 8913380 1 1 0 1 0 0 0 0 0 0 1 0 0 0 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 32 0 1 45 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 13 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 620 CHESTNUT STREET PHILADELPHIA PA 19106 KEITH BISSON BOARD MEMBER (THRU 10/2018) 2.00 X 0 0 0 PENELOPE DOUGLAS BOARD MEMBER (THRU 10/2018) 2.00 X 0 0 0 DAVID GLASER BOARD TREASURER 2.00 X X 0 0 0 JIM KING BOARD CHAIR 2.00 X X 0 0 0 INEZ LONG BOARD MEMBER 2.00 X 0 0 0 CHRYSTEL CORNELIUS BOARD MEMBER 2.00 X 0 0 0 SHANE JETT BOARD MEMBER 2.00 X 0 0 0 ELLIS CARR BOARD VICE CHAIR (THRU 10/2018) 2.00 X X 0 0 0 JAKE LEVINE BOARD MEMBER (THRU 10/2018) 2.00 X 0 0 0 PEARL WICKS BOARD MEMBER 2.00 X 0 0 0 LISA MENSAH PRESIDENT & CEO 40.00 X X 396991 0 35600 CARLA MANNINGS BOARD MEMBER 2.00 X 0 0 0 DONNA GAMBRELL BOARD VICE CHAIR 2.00 X X 0 0 0 DAVID BECK BOARD MEMBER 2.00 X 0 0 0 BETSY BIEMANN BOARD MEMBER 2.00 X 0 0 0 MARLA BILONICK BOARD MEMBER 2.00 X 0 0 0 ROBERT VILLAREAL BOARD MEMBER 2.00 X 0 0 0 BETH LIPSON TREASURER 40.00 X 236193 0 1273 ANDREW GIVENS CHIEF OPERATING OFFICER 40.00 X 208452 0 34999 JENNIFER VASILOFF CHIEF EXTERNAL AFFAIRS OFFICER 40.00 X 194042 0 3408 CASSANDRA ARCHBOLD SENIOR VP, FIN. SRVCS (THRU 6/2018) 40.00 X 132148 0 33648 ANDREA LONGTON SENIOR VP, FIN. SRVCS (AS OF 7/2018) 40.00 X 88879 0 11962 MARY WRIGHT SENIOR VP, FIN. SRVCS (AS OF 7/2018) 40.00 X 79004 0 327 LINA PAGE EVP, STRATEGIC COMMUNICATIONS 40.00 X 166613 0 26209 DONNA FABIANI EVP, KNOWLEDGE SHARING 40.00 X 159868 0 17890 ELIZABETH MCNALLY SENIOR VP, STRATEGIC CONSULTING 40.00 X 142255 0 33782 SHAKEYDA DANIELS VP, FINANCIAL SERVICES 40.00 X 144617 0 8013 DEBBY STEFANIAK SENIOR VP, STRATEGIC COMMUNICATIONS 40.00 X 141445 0 11675 FRANCIS LUTZ FORMER CHIEF FINANCIAL OFFICER 0.00 X 123827 0 0 PAMELA PORTER FORMER EVP, STRATEGIC CONSULTING 0.00 X 107508 0 0 2321842 0 218786 18 1 1 0 BERKADIA COMMERCIAL MORTGAGE 323 NORRISTOWN ROAD SUITE 300 AMBLER PA 19002 BOND SERVICING FEES FOR BOND GUARANTEE 150000 RSM US LLP 518 TOWNSHIP LINE ROAD SUITE 300 BLUE BELL PA 19422 ACCOUNTING 124405 HIGHER LOGIC LLC 1600 WILSON BLVD SUITE 400 ARLINGTON VA 22209 SOFTWARE DEVELOPER FOR ONLINE COMMUNITY 111600 3 419267 700000 3085176 4204443 INTEREST ON LOANS 525990 4459530 4459530 SPONSORSHIP INCOME 900099 1689900 1689900 OTHER FEES 900099 1640069 1640069 TRAINING EVENTS 900099 982830 982830 8772329 119691 119691 835485 808403 27082 27082 27082 13123545 8772329 0 146773 20000 20000 1439523 1079530 295305 64688 2365425 1857051 413983 94391 24445 18977 3709 1759 508673 394898 77181 36594 249056 193350 37789 17917 128425 128425 122542 122422 81 39 124239 96450 18851 8938 82626 82626 11395 8846 1729 820 54235 54235 167808 132032 25081 10695 225655 175182 34239 16234 453867 352351 68865 32651 1555014 1451714 77652 25648 69853 62387 5182 2284 1534869 1534869 69707 54116 10576 5015 61893 48050 9391 4452 OTHER MISC PROGRAM 548918 428238 105035 15645 TECHNOLOGY PROJECTS 243473 193834 49639 PROVISION FOR LOAN LOSS 51052 51052 SPECIAL PROJECTS 26904 26904 394016 372745 14915 6356 10533613 8913380 1276107 344126 13286842 8562073 515400 1348230 562140 92581 124041398 126597241 148067 88734 1054124 939576 147807 114548 3858452 3612466 1500 1657526 142561606 142073399 1052065 531144 148750 65750 81150000 81547088 7000000 7000000 89350815 89143982 X 51443207 49314378 1767584 3615039 53210791 52929417 142561606 142073399 X 2589932 -64803 -2806503 X 0 1 X 1 1 1 X 10135013 6260098 4786685 1532838 4204443 26919077 5877795 6967651 6580827 8378687 8772329 36577289 16012808 13227749 11367512 9911525 12976772 63496366 7987288 3143904 2419757 519900 861055 14931904 0 7987288 3143904 2419757 519900 861055 14931904 48564462 255502 245945 235244 219236 119691 1075618 255502 245945 235244 219236 119691 1075618 1021810 1021810 17290120 13473694 11602756 10130761 13096463 65593794 0.74040 0.68560 0.01640 0.01980 X 4550 100450 105000 10428613 10533613 676681 169170 0 0 704766 676681 1381447 2072171 280000 105000 385000 176192 169170 345362 518043 4550 4550 SCHEDULE C, PART II-A OFN CONDUCTS PERMITTED LOBBYING ACTIVITIES IN TWO PRIMARY AREAS: GENERAL FEDERAL BUDGET LOBBYING AROUND FY '18 OMNIBUS APPROPRIATIONS BILL PL NO: 115-141, REGARDING CDFI FUND PROVISIONS; FY '19 FINANCIAL SERVICES & GENERAL GOVERNMENT APPROPRIATIONS LEGISLATION, REGARDING CDFI FUND PROVISIONS; FY '19 AGRICULTURAL APPROPRIATIONS LEGISLATION, REGARDING RURAL DEVELOPMENT PROGRAMS; H.R. 6258 AND S. 3107 (FINANCIAL SERVICES AND GENERAL GOVERNMENT APPROPRIATIONS ACT, 2019), REGARDING CDFI FUND APPROPRIATIONS AND BOND GUARANTEE PROGRAM; H.R. 6147 (INTERIOR, ENVIRONMENT, FINANCIAL SERVICES AND GENERAL GOVERNMENT, AGRICULTURE, RURAL DEVELOPMENT, FOOD AND DRUG ADMINISTRATION, AND TRANSPORTATION, HOUSING AND URBAN DEVELOPMENT APPROPRIATIONS ACT, 2019), DIVISION B, TITLE I, REGARDING CDFI FUND APPROPRIATIONS AND BOND GUARANTEE PROGRAM; SMALL BUSINESS ADMINISTRATION ECONOMIC DEVELOPMENT FUNDING GENERALLY. GENERAL TAX CODE LOBBYING AROUND THE NEW MARKETS TAX CREDIT PROGRAM. 14942 8593 6349 760986 720527 40459 278196 210456 67740 114548 WELLS FARGO EQUITY EQUIVALENT INVESTMENT 7000000 7000000 X 18410567 -64803 88000 5263825 5287022 13123545 0 13123545 10779363 88000 157750 245750 10533613 0 10533613 PART X, LINE 2: INCOME TAXES: OFN IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, OFN 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, 2018 AND 2017, RESPECTIVELY. 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, 2018 AND 2017. 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 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: NONCONTROLLING INTEREST IN SUBSIDIARY 5,163,636. INVESTMENT IN SUBSIDIARY 100,189. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF LEASE 153,524. INVESTMENT IN SUBSIDIARY 4,226. 1 FIRST NATIONS OWEESTA CORP 2432 MAIN STREET SUITE 200A LONGMONT CO 80501 541970097 501(C)3 11000 CONFERENCE SCHOLARSHIPS FOR NATIVE CDFI FIRST NATIONS OWEESTA CORP 2432 MAIN STREET SUITE 200A LONGMONT CO 80501 541970097 501(C)3 9000 REGIONAL MTGS SCHOLARSHIPS FOR NATIVE CDFI 1 PART I, LINE 2: OFN MAKES SMALL PASS-THRU OR OPERATIONAL GRANTS ASSOCIATED WITH SEVERAL CAPACITY BUILDING PROGRAM ACTIVITIES SUPPORTING CDFI WORK IN LOW-INCOME COMMUNITIES. X X 1 0 0 0 0 0 0 1 0 LISA MENSAH PRESIDENT & CEO 354991 0 42000 0 0 0 0 0 35600 0 432591 0 0 0 BETH LIPSON TREASURER 202366 0 33827 0 0 0 640 0 633 0 237466 0 0 0 ANDREW GIVENS CHIEF OPERATING OFFICER 208452 0 0 0 0 0 0 0 34999 0 243451 0 0 0 JENNIFER VASILOFF CHIEF EXTERNAL AFFAIRS OFFICER 194042 0 0 0 0 0 2775 0 633 0 197450 0 0 0 CASSANDRA ARCHBOLD SENIOR VP, FIN. SRVCS (THRU 6/2018) 132148 0 0 0 0 0 170 0 33478 0 165796 0 0 0 LINA PAGE EVP, STRATEGIC COMMUNICATIONS 166613 0 0 0 0 0 2775 0 23434 0 192822 0 0 0 DONNA FABIANI EVP, KNOWLEDGE SHARING 159868 0 0 0 0 0 1618 0 16272 0 177758 0 0 0 ELIZABETH MCNALLY SENIOR VP, STRATEGIC CONSULTING 141255 0 1000 0 0 0 1650 0 32132 0 176037 0 0 0 SHAKEYDA DANIELS VP, FINANCIAL SERVICES 116284 0 28333 0 0 0 0 0 8013 0 152630 0 0 0 DEBBY STEFANIAK SENIOR VP, STRATEGIC COMMUNICATIONS 122356 0 19089 0 0 0 826 0 10849 0 153120 0 0 0 FRANCIS LUTZ FORMER CHIEF FINANCIAL OFFICER 0 0 0 0 123827 0 0 0 0 0 123827 0 0 0 PAMELA PORTER FORMER EVP, STRATEGIC CONSULTING 0 0 0 0 107508 0 0 0 0 0 107508 0 0 0 PART I, LINE 4A FRANCIS LUTZ AND PAMELA PORTER RECEIVED A SEVERANCE PAYMENT IN CALENDAR YEAR 2018 FROM OPPORTUNITY FINANCE NETWORK IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF A SEPARATION AGREEMENT. THE SEVERANCE WAS BASED ON LENGTH OF SERVICE AND RESPONSIBILITIES. ADDITIONAL DETAILS OF THE AGREEMENT WILL BE PROVIDED TO THE IRS UPON REQUEST. PART I, LINE 7 THE ORGANIZATION PROVIDED INCENTIVE RETENTION BONUSES TO SELECT OFFICERS AND HIGHLY COMPENSATED EMPLOYEES RELATED TO THE ORGANIZATION'S RELOCATION OF ITS HEADQUARTERS TO WASHINGTON DC AT THE DISCRETION OF THE CEO. PART I, LINE 1 OPPORTUNITY FINANCE NETWORK (OFN) EXISTS TO ALIGN CAPITAL WITH SOCIAL, ECONOMIC, AND POLITICAL JUSTICE. OFN'S 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 250 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. (WWW.OFN.ORG) PART III, LINE 1 OPPORTUNITY FINANCE NETWORK (OFN) EXISTS TO ALIGN CAPITAL WITH SOCIAL, ECONOMIC, AND POLITICAL JUSTICE. OFN'S 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 250 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. (WWW.OFN.ORG) 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 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 APPOINTMENT 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 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 APPOINTMENT 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 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 APPOINTMENT 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 TREASURER AND THE VP, ACCOUNTING REVIEW THE FORM FOR ACCURACY AND THEN FORWARD IT TO THE 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). FORM 990, PART XI, LINE 9: NONCONTROLLING INTEREST IN SUBSIDIARY -2,652,979. LOSS ON DISPOSAL OF LEASE -153,524. NCCA GENERAL PARTNER LLC 620 CHESTNUT STREET SUITE 572 PHILADELPHIA PA 19106 113704951 OPERATE AS A GENERAL PARTNER OF CDFI TAX CREDIT FUND, LP, OPPORTUNITY FUND I DE 46040 157058 OPPORTUNITY FINANCE NETWORK OFN GP LLC 620 CHESTNUT STREET SUITE 572 PHILADELPHIA PA 19106 205189202 OPERATE AS A GENERAL PARTNER OF COMMUNITIES AT WORK FUND, LP DE 0 0 OPPORTUNITY FINANCE NETWORK CDFI COMMUNITY INVESTMENT FUND I LLC 620 CHESTNUT STREET SUITE 572 PHILADELPHIA PA 19106 352579326 INVESTMENT IN OTHER CDFI ENTITIES DE OPPORTUNITY FINANCE NETWORK EXCLUDED 9267 505777 0 1 0.09090 GOOD TO GROW CDFI INVESTMENT FUND LLC 620 CHESTNUT STREET SUITE 572 PHILADELPHIA PA 19106 364907491 INVESTMENT IN OTHER CDFI ENTITIES DE OPPORTUNITY FINANCE NETWORK EXCLUDED 253 150253 0 1 0.05000 OPPORTUNITY MORTGAGE NETWORK 620 CHESTNUT STREET SUITE 572 PHILADELPHIA PA 19106 208920619 INACTIVE PA OPPORTUNITY FINANCE NETWORK C 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 CDFI COMMUNITY INVESTMENT FUND I LLC B 236364 FMV GOOD TO GROW CDFI INVESTMENT FUND LLC B 150000 FMV