2018-09-26T09:40:11-05:00 2017-12-31 420714325 RSM US LLP 518 TOWNSHIP LINE ROAD SUITE 300 BLUE BELL PA 19422 990 2017-01-01 205189202 OPPORTUNITY FINANCE NETWORK OPPO 2159234754 620 CHESTNUT STREET NO 572 PHILADELPHIA PA 19106 BETH LIPSON TREASURER & EVP, STRATEGIC INITIATI 2159234754 2018-09-18 1 LYNNE JOHNSON P00757336 2156418600 2018-09-12 108.171.131.171 2018-09-18 09:47:09 ED P B004826FD69B224E7044EFB759AF5CFDB4B25BFA FF7B79C6F17401B92B049022586E0F66AF18E737 2017 2018-06-14 16:35:46Z BETH LIPSON 620 CHESTNUT STREET NO 572 PHILADELPHIA PA 19106 10988918 0 X WWW.OFN.ORG X 2006 PA SEE SCHEDULE O 13 13 42 12 0 0 4786685 1532838 6578544 8378687 257283 273790 0 0 11622512 10185315 986773 222256 0 0 5441438 5176670 0 0 448543 7989398 5696393 14417609 11095319 -2795097 -910004 143223853 142561606 91714190 89350815 51509663 53210791 X SEE SCHEDULE O 0 0 3054931 5576145 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. 4742199 222256 2802542 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. 1573061 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. 9370191 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 1 0 0 1 42 0 1 42 1 0 0 0 0 0 0 0 0 0 0 X 13 13 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 NY OH OK OR RI SC TN UT VA WA WI WV NV X LAURIE CURRAN 2153204317 620 CHESTNUT STREET PHILADELPHIA PA 19106 LORI CHATMAN BOARD CHAIR (THRU 6/1/2017) 2.00 X X 0 0 0 KEITH BISSON BOARD MEMBER 2.00 X 0 0 0 PENELOPE DOUGLAS BOARD MEMBER 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 2.00 X X 0 0 0 JAKE LEVINE BOARD MEMBER 2.00 X 0 0 0 PEARL WICKS BOARD MEMBER 2.00 X 0 0 0 LISA MENSAH PRESIDENT & CEO (AS OF 3/15/17) 40.00 X X 285950 0 25440 CARLA MANNINGS BOARD MEMBER 2.00 X 0 0 0 DONNA GAMBRELL BOARD MEMBER 2.00 X 0 0 0 FRANCIS LUTZ FORMER CHIEF FINANCIAL OFFICER (THRU 12/15/17) 40.00 X 256724 0 32532 ROBIN ODLAND EVP, FINANCIAL SERVICES (THRU 12/29/17) 40.00 X 163865 0 31568 NANCY SANTIAGO NEGRON FORMER CHIEF EXTERNAL AFFAIRS OFF. (THRU 2/3/17) 40.00 X 30528 0 2805 BETH LIPSON TREASURER & EVP, STRATEGIC INITIATIVES 40.00 X 196985 0 760 ANDREW GIVENS CHIEF OPERATING OFFICER (AS OF 10/30/17) 40.00 X 24257 0 3094 JENNIFER VASILOFF CHIEF EXTERNAL AFFAIRS OFFICER 40.00 X 27058 0 3266 CASSANDRA ARCHBOLD SENIOR VP, FINANCIAL SERVICES 40.00 X 136837 0 27788 PAMELA PORTER EVP, STRATEGIC CONSULTING (THRU 12/15/17) 40.00 X 202813 0 16491 LINA PAGE EVP, STRATEGIC COMMUNICATIONS 40.00 X 163301 0 26173 LIZ LOPEZ EVP, PUBLIC POLICY (THRU 12/15/17) 40.00 X 176837 0 10503 DONNA FABIANI EVP, KNOWLEDGE SHARING 40.00 X 157198 0 16608 ELIZABETH MCNALLY SENIOR VP, STRATEGIC CONSULTING 40.00 X 131707 0 32095 1954060 0 229123 13 0 1 0 DRINKER BIDDLE & REATH ONE LOGAN SQUARE STE 2000 PHILADELPHIA PA 191036996 LEGAL SERVICES 114551 1 402513 1130325 1532838 INTEREST ON LOANS 525990 4345064 4345064 OTHER FEES 900099 1736983 1736983 SPONSORSHIP INCOME 900099 1372650 1372650 TRAINING EVENTS 900099 923990 923990 8378687 219236 219236 858157 803603 54554 54554 54554 10185315 8378687 0 273790 222256 222256 1280561 962651 209736 108174 3175593 2522361 526875 126357 21646 17041 3715 890 416876 328772 71681 16423 281994 220041 47967 13986 120581 120581 121161 117581 2978 602 116626 91003 19838 5785 172122 172122 11392 8889 1938 565 115936 115936 179753 142757 28943 8053 214080 167046 36415 10619 426495 332794 72547 21154 989236 951537 13001 24698 68372 65841 648 1883 1486137 1486137 85834 66977 14600 4257 62592 48840 10647 3105 OTHER MISC PROGRAM 1009650 811493 116937 81220 SPECIAL PROJECTS 244993 165000 65579 14414 TECHNOLOGY PROJECTS 110378 110378 PROVISION FOR LOAN LOSS 61940 61940 99115 60217 32540 6358 11095319 9370191 1276585 448543 18817087 13286842 807500 515400 410466 562140 118643379 124041398 146000 148067 1017677 869870 181777 147807 4215793 3858452 1851 1500 143223853 142561606 643690 1052065 120500 148750 84950000 81150000 6000000 7000000 91714190 89350815 X 48374651 51443207 3135012 1767584 51509663 53210791 143223853 142561606 X -910004 -25232 2636364 X 0 1 X 1 1 1 X 4118593 10135013 6260098 4786685 1532838 26833227 5413685 5877795 6967651 6580827 8378687 33218645 9532278 16012808 13227749 11367512 9911525 60051872 2749101 7987288 3143904 2419757 519900 16819950 0 2749101 7987288 3143904 2419757 519900 16819950 43231922 291485 255502 245945 235244 219236 1247412 291485 255502 245945 235244 219236 1247412 740138 1021810 1761948 10563901 17290120 13473694 11602756 10130761 63061232 0.68560 0.63240 0.01980 0.01820 X 280000 280000 10815319 11095319 704766 176192 0 0 704766 704766 1057149 280000 280000 176192 176192 264288 SCHEDULE C, PART II-A OFN CONDUCTS PERMITTED LOBBYING ACTIVITIES IN THREE PRIMARY AREAS: GENERAL FEDERAL BUDGET LOBBYING AROUND FY'17 AND FY'18 FINANCIAL SERVICES AND GENERAL GOVERNMENT APPROPRIATIONS, REGARDING CDFI FUND APPROPRIATIONS AND BOND GUARANTEE PROGRAM; H.R. 244 (CONSOLIDATED APPROPRIATIONS ACT, 2017), DIVISION E, REGARDING CDFI FUND APPROPRIATIONS AND BOND GUARANTEE PROGRAM; H.R. 3280 (FINANCIAL SERVICES AND GENERAL GOVERNMENT APPROPRIATIONS ACT, 2018), TITLE 1, REGARDING CDFI FUND APPROPRIATIONS AND BOND GUARANTEE PROGRAM; H.R. 1370, CONTINUING RESOLUTION, DIVISION A, REGARDING CDFI FUND APPROPRIATIONS AND BOND GUARANTEE PROGRAM. GENERAL TAX CODE LOBBYING AROUND THE NEW MARKETS TAX CREDIT PROGRAM. GENERAL ECONOMIC DEVELOPMENT LOBBYING AROUND ECONOMIC DEVELOPMENT ISSUES PERTAINING TO PUERTO RICO. 14942 4858 10084 1002735 865012 137723 147807 WELLS FARGO EQUITY EQUIVALENT INVESTMENT 7000000 7000000 X 12901447 -25232 105000 2636364 2716132 10185315 0 10185315 11200319 105000 105000 11095319 0 11095319 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 NET UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2017 AND 2016, 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, 2017 AND 2016. 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 2014. PART XI, LINE 2D - OTHER ADJUSTMENTS: NONCONTROLLING INTEREST IN SUBSIDIARY 2,636,364. 1 ACT ALBANY COMMUNITY TOGETHER INC 230 S JACKSON STREET STE 118 ALBANY GA 31701 582497789 501(C)(3) 18500 HEALTHCARE GA FDTN CDFI CAPACITY BUILDING PASS-THROUGH GRANT CARVER FINANCIAL CORPORATION PO BOX 2769 SAVANNAH GA 31402 200397876 8500 HEALTHCARE GA FDTN CDFI CAPACITY BUILDING PASS-THROUGH GRANT COMMUNITY HEALTH CENTER CAPITAL FUND 40 COURT STREET 10TH FL BOSTON MA 02108 043122535 501(C)(3) 40500 HEALTHCARE GA FDTN CDFI CAPACITY BUILDING PASS-THROUGH GRANT FIRST NATIONS OWEESTA CORPORATION 2432 MAIN STREET SUITE 200A LONGMONT CO 80501 541970097 501(C)(3) 10000 TRAVEL STIPENDS FOR NATIVE SCHOLARSHIPS GEORGIA CITIES FOUNDATION 201 PRYOR STREET SW ATLANTA GA 30303 582475939 501(C)(3) 8500 HEALTHCARE GA FDTN CDFI CAPACITY BUILDING PASS-THROUGH GRANT LIFTFUND INC 2007 W MARTIN STREET SAN ANTONIO TX 78207 742712770 501(C)(3) 29750 HURRICANE HARVEY CDFI STAFF RELIEF FUND NATIONAL FEDERATION OF COMMUNITY DEVELOPMENT CREDIT UNIONS 39 BROADWAY SUITE 2140 NEW YORK NY 10006 112421972 501(C)(3) 30500 HEALTHCARE GA FDTN CDFI CAPACITY BUILDING PASS-THROUGH GRANT NEIGHBORHOOD LENDING PARTNERS INC 3615 W SPRUCE STREET TAMPA FL 33607 010581489 501(C)(3) 18500 HEALTHCARE GA FDTN CDFI CAPACITY BUILDING PASS-THROUGH GRANT PEOPLE FUND 2921 E 17TH STREET BLDG D SUITE 1 AUSTIN TX 78702 742814572 501(C)(3) 8500 HURRICANE HARVEY CDFI STAFF RELIEF FUND SOUTHWEST GEORGIA UNITED EMPOWERMENT 123 S 7TH STREET CORDELE GA 31015 582196032 501(C)(3) 18500 HEALTHCARE GA FDTN CDFI CAPACITY BUILDING PASS-THROUGH GRANT 9 1 PART I, LINE 2: OFN MAKES OTHER SMALL PASS-THRU OR OPERATIONAL GRANTS ASSOCIATED WITH SEVERAL CAPACITY BUILDING PROGRAM ACTIVITIES AND OR DISASTER-RELIEF ACTIVITIES SUPPORTING CDFI WORK IN LOW-INCOME COMMUNITIES. X X 0 0 0 0 0 0 0 0 0 LISA MENSAH PRESIDENT & CEO (AS OF 3/15/17) 260950 0 25000 0 0 0 0 0 25440 0 311390 0 0 0 FRANCIS LUTZ FORMER CHIEF FINANCIAL OFFICER (THRU 256724 0 0 0 0 0 2022 0 30510 0 289256 0 0 0 ROBIN ODLAND EVP, FINANCIAL SERVICES (THRU 12/29/ 163865 0 0 0 0 0 0 0 31568 0 195433 0 0 0 BETH LIPSON TREASURER & EVP, STRATEGIC INITIATIV 196985 0 0 0 0 0 195 0 565 0 197745 0 0 0 CASSANDRA ARCHBOLD SENIOR VP, FINANCIAL SERVICES 136837 0 0 0 0 0 235 0 27553 0 164625 0 0 0 PAMELA PORTER EVP, STRATEGIC CONSULTING (THRU 12/1 202813 0 0 0 0 0 2700 0 13791 0 219304 0 0 0 LINA PAGE EVP, STRATEGIC COMMUNICATIONS 163301 0 0 0 0 0 2700 0 23473 0 189474 0 0 0 LIZ LOPEZ EVP, PUBLIC POLICY (THRU 12/15/17) 176837 0 0 0 0 0 1912 0 8591 0 187340 0 0 0 DONNA FABIANI EVP, KNOWLEDGE SHARING 157198 0 0 0 0 0 1700 0 14908 0 173806 0 0 0 ELIZABETH MCNALLY SENIOR VP, STRATEGIC CONSULTING 131707 0 0 0 0 0 1950 0 30145 0 163802 0 0 0 PART I, LINE 1 OPPORTUNITY FINANCE NETWORK (OFN) EXISTS TO ALIGN CAPITAL WITH SOCIAL, ECONOMIC, AND POLITICAL JUSTICE. OFN BELIEVES IN OPPORTUNITY FOR ALL. 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 NEARLY 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 BELIEVES IN OPPORTUNITY FOR ALL. 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 NEARLY 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 & EVP, STRATEGIC INITIATIVES 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. THE EXECUTIVE & PERSONNEL COMMITTEE AND THE BOARD OF DIRECTORS CONSISTS OF INDUSTRY PEERS WHO ARE WELL ACQUAINTED AND UP-TO-DATE ON COMPENSATION COMPARABILITY IN THE INDUSTRY. THEY MAY FROM TIME TO TIME SEEK EXTERNAL CONFIRMATION OF INDUSTRY DATA AS THEY DEEM APPROPRIATE. 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 2,636,364. 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 82464 164368 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 1510 265146 0 1 0.09090 OPPORTUNITY MORTGAGE NETWORK 620 CHESTNUT STREET SUITE 572 PHILADELPHIA PA 19106 208920619 INACTIVE PA OPPORTUNITY FINANCE NETWORK C 1.00000 0 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 263636 CASH